fintech

“It's almost like a diss, right? It's like the new, newer companies are thinking, oh, we're going to introduce technology into your sector, thereby implying that they never used technology to do it. So it's almost a bit of a swipe.”

“We were just joking about this, that it seems like a contrived term, because if you were to ask any of the existing incumbent companies what they do, they would not say FinTech. They would say, we loan money, we're a bank, or we do finance, we do microfinance.…”

“So I think, first of all, I don't think anybody really cares about fintech as such.”

“This is also moving across industries. We've seen obviously media and entertainment and to some extent retail We're early movers, mostly because of the threat of Amazon themselves, causing retailers to step up to re-engineering. We're now seeing fintech or Wal…”

“The first company to probably do this on a widespread basis in fintech land was SoFi.”

“So every company can be a fintech company.”

“I think what we're going to see is, you know, the initial tools that have this sort of level of fault tolerance being around customer engagement tools, for example, in fintech, where both banks and fintechs You know, can use these sort of models to basically a…”

“I've always viewed it candidly more as a horizontal than as a vertical.”

“Certainly one of our core theses at ASICS and Z has been that every company is going to become a fintech company. And Julie and I have been riffing that, you know, Either every healthcare company is already a fintech company or is certainly going to become a f…”

“We think that the only way to get it right is really to have hybrid DNA on the founding teams of these companies, such that you truly have expertise on, on both sides of the aisle, so to speak.”

“I think it's one of the mistakes that fintechs make is they become, like, differentiated through pricing power. Like, they're like, we're going to give away the most margin possible.”

“Everything just takes longer in fintech, right, because you've got you need all the back-end fintech connections, and then you need all the compliance and risk side of things”

“Fintechs are already prioritizing the creation of developer sandboxes to let customers try before you buy and are even open sourcing parts of their solutions.”

“That's why I hope in the next two years the word fintech will disappear and it will be embedded finance because they've got distributions. They've got the consumer, right?”

“So in FinTech, I sort of take the growth for granted and spend a lot of time thinking about, ok, is the moat really wide enough for the profits to be there?”

“Can be very straightforward for fintech companies to grow a lot but then if they grow a lot and you pay the price of a growing company, but then at the end of it turns out to be much more competitive than you thought, and profit margins are low, that's sort of…”

“Housing in some sense for me is like that final frontier of fintech.”

“Starting in like the second half of 2022, like basically zero percent of venture dollars went into fintech.”

“Like 25% of all venture dollars in that period went into fintech.”

“Fintech made the market much, much bigger for software because of this bundling effect. And that pales in comparison to now software doing the job of labor, because it's like, yeah, fintech made it a little bit bigger, but now, instead of just being a dumb pip…”