WHAT IS FIN-TECH?
Traditional banking is being challenged by financial technology startups, which have the potential to disrupt the status quo of the banking industry. It’s the perfect time for bankers to invest in fintech, because while big banks are still king in finance, the trend won’t last for long, and it’s better to get involved in the future of finance earlier rather than later.
Investors are looking to get lucky and invest in the next “unicorn”, or billion dollar tech startups like Airbnb, Uber, Twitter, or Dropbox
IS MY START-UP A FIN-TECH START START-UP
Identifying what sector your start-up belongs is key to your success, If you are dealing in any financial transactions or enabling financial services, you are part of Fin-tech, which is amongst the fastest growing tech start-up echo systems. Especially due to the failure in the established traditional banking and currency based systems, the next generation of finance is being fuelled by the masses.
Waiting to jump in to the band wagon is a list of investors from the Traditional financial services sector with strong funding. Which makes this sector all the more attractive.