“ Investors will look to take less risky bets , and seeking to invest in companies that can demonstrate a clear path to high revenue ”
DANIEL COHEN CEO , PAYU GPO
Another notable deal in the digital payments space saw FIS sell a majority stake in its Worldpay Merchant Solutions business , while one of the largest fintech agreements saw Duck Creek Technologies acquire Vista for a staggering US $ 2.6bn .
For Wood , investment in 2023 helped create a trend of leveraging AI to tailor financial services to individual needs , not to mention “ growing trust in blockchain for secure and efficient transactions ”.
“ These investments are not just capital influxes ,” he adds , “ but endorsements of transformative technologies that are reshaping the financial sector .”
In addition , these fintech investment preferences for VCs and other investors have been bolstered by new regulations . In the UK , the Financial Services and Market Act 2023 ( FSMA23 ) has promoted the nation “ as a competitive and innovative place for financial firms to do business ”, according to Bradbury .
He explains : “ This legislation could have a wide-reaching impact . For example , there are specific sections of the Act supporting crypto adoption and the use of Sandboxes to develop solutions .”
114 March 2024