fintech

“We have seen a move away from payments and lending as being the key fintech themes. And we now move increasingly towards investment related stuff”

“We're close to reaching peak fintech when it comes to the hype, and little by little, entrepreneurs are figuring out that, that the insurance space is, is potentially more lucrative, it's less crowded, there's a bigger, there's so many problems to solve, they'…”

“We have now had about 60 programs in the fintech and insured kind of verticals but overall we started bootcamp. We now had 400 companies that graduated.”

“That's the big cost actually of fintech for any startup.”

“Fintech products suffer from acquisition and then conversion, right? So they can acquire the customer, but then they got to go through all of this KYC stuff. With us at Zen Business, we have all that KYC stuff because we do the formation. We do the EIN.”

“What we need to do as an industry is collaborate. We keep thinking of this as a competitive game and yes, it's a competitive game, but if we don't collaborate, we're all going to fail.”

“So to get to that billion range, you gotta do like, call it like, you know, it depends on the growth rates, but like somewhere at 20 times, 30 times multiples these days. I mean, some companies are like 50 times multiples on revenue”

“Our early customers are all fintechs at this point.”

“At the time, I was pretty unimpressed with the platforms that were founded in that timeline because ultimately many of them were just customer acquisition moats and strategies around websites and podcasts and news, et cetera. And there were not really many com…”

“Acquisition costs and fintechs are so high, I think you need to have anywhere between 20 and 50% for this to be a sustainable business model.”

“The problem with FinTech is that it's just taking all the stuff we do now and putting a consumer acquisition engine on it.”