The unbundling & rebundling of the Fintechs
Well funded Fintech startups are redefining the digital landscape
According to a recent CB Insights research report, global Venture capital-funded deals topped $39 billion in 2018 — a more than 100% increase over the previous year spanning 1707 deals. Fintechs are reinforcing themselves as a global phenomenon with regional hubs emerging around the globe outside the major markets of the U.S, U.K & China.
Looking past the euphoria of 2018, as these Fintechs begin to mature we are seeing some powerful new trends emerge where the existing ecosystem is being reshaped into something which serves the needs of the new tech-conscious consumer. The products & services are being catered to the needs of the growing segment of Millennials & Generation Zers. The report provides some great insights into how the Fintechs are transforming the financial landscape. Let’s review some of the main points.
➽ Fintechs have gotten aggressive in their approach of increasing their global footprint with mergers, acquisitions & partnerships — especially the European unicorns of Monzo, Revolut, and N26 which have established operational…