A disappointing Q3 puts Canadian FinTech funding to fall 21% in 2022
Canadian FinTech investment reached $280m in Q3 2022, a 36% increase from Q2 but overall fell well short
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Fintech is only 1% finished | The fintech market ft. Simon Taylor | 11:FS Explores Lightboards
Fintech is only 1% finished.
But what do we mean by that?
Simon Taylor, Head of Ventures at 11:FS takes us through the landscape of financial technology in this Lightboard edition of 11:FS Explores.
When you take a look at the customer numbers that financial services brands are serving in any particular segment, it’s apparent that the majority of UK Fintech brands currently operate within areas that have high customer numbers, but low value-per-customer. For example, areas with high customer numbers such as retail are being served by market-leaders such as Monzo, Starling, and Revolut. Retail is one of the most over-served markets by digital banking providers at the moment – but considering 12 million UK customers have a digital bank and the majority aren’t moving their salary into it, there is still a lot of work to be done, and that shows it.
But the biggest edge in recent times is the massive changes to the supplier landscape – from onboarding and KYC, to payments, to Banking as a Service. Prospective fintech companies now have the chance to assess the opportunity space for their proposition and to get a full view of the suppliers available to them.
With such a robust supplier landscape emerging – it means that any company can be a fintech company.
The market has blown wide open.
Inside The 2022 Fintech 50 List | Forbes
Fintech flourished in 2021 as our financial lives continued to shift
online, crypto prices soared and entrepreneurial talent and investment dollars flooded the zone. Venture capitalists poured $133 billion into fintech startups worldwide last year, nearly three times the $49 billion they invested in 2020, according to CB Insights.
The result was a gusher of promising new businesses, with half of the 2022 Fintech 50 winners new to the annual list. That’s the most since the inaugural Fintech list in 2015, when all 50 were, by definition, first-timers.
Times have gotten tougher for fintech this year, as consumers have left their homes to shop and concerns around inflation, rising interest rates and Russia’s invasion of Ukraine have spread. Crypto has crashed, publicly traded fintech stocks have fallen 50% and the private markets have been pulling back too, with VCs warning of lower valuations and layoffs hitting everything from payments and buy-now, pay-later companies to crypto trading platforms. Entrepreneurs will need to make do–and innovate–with fewer resources. But many great companies have been built in challenging times.
Read the full story on Forbes: https://www.forbes.com/fintech/2022/#497cc275187e
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The Next Market Crash | How To Get Rich In The 2023 Recession
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2. VFIAX / VOO
This fund encompasses the SP500, which is often considered the “gold standard” of the US equities market, because it tracks the top 500 publicly traded companies, weighted by market cap.
3. VTIAX / VXUS
This INTERNATIONAL index fund is able to track everything OUTSIDE of the United States, like emerging markets, Europe, the Pacific, The Middle East, and North America. Some of their largest holdings are companies that many of us use day to day, from Nestle, Semiconductors, Samsung, Toyota, and so many more.
4. VIGAX / VUG
VIGAX works by taking the US Market, filtering out everything that doesn’t have high growth potential, filtering out all the small companies, and viola…you have a GROWTH FUND that isolates the likes of Apple, Microsoft, Amazon, Home Depot, Google, Visa, Mastercard, and more.
5. VTWAX / VT
This gives you exposure throughout THE ENTIRE WORLD, with 9548 stocks, and a balanced combination of large cap growth AND value companies. This means, you’ll get some technology…but, you’ll also get some dividend paying oil businesses, along with companies that are located overseas.
5.5 VBTLX / Bond Market Index Fund
This provides you exposure to the bond market, which gives you some additional stability outside of equities.
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