IVAN NIKKHOO
FINANCIAL SERVICES
The fintech industry faced a sobering reality in 2023 as global investment plummeted by 48 % compared to the previous year . This sharp decline , from US $ 33.4bn in 2022 to a mere US $ 12.5bn in 2023 , sent shockwaves through the sector , forcing companies and investors alike to reassess their strategies and priorities .
Nicolai Chamizo , CEO and Co-founder of Incore Invest , views this decline as a reflection of a more cautious market , emphasising “ the need for fintech companies to enhance their focus on sustainable growth and profitability ”. He suggests that this shift should encourage founders to “ evaluate and refine their business models , ensuring they deliver tangible value and operate with heightened efficiency ”.
This perspective is echoed by Ivan Nikkhoo , Managing Partner at Navigate Ventures , who sees the current situation as a “ natural correction ” in the fintech sector .
Ivan explains that in recent years , “ fintech investment surged due to its favourable risk-to-reward profile , attracting significant capital and prompting many companies to position themselves as fintech players ”.
However , as the funding boom cooled , many of these companies faced challenges , resulting in a pullback from the sector .
“ We ’ re seeing a return to normalcy , where invest are prioritising sustaina business models and re risk-to-reward ratios ”
IVAN NIKKHOO
TITLE : MANAGING PARTNER COMPANY : NAVIGATE VENTURES INDUSTRY : VC LOCATION : LA
With over 39 years of C-level global experience , Ivan is a seasoned and experienced investor , advisor , board member , entrepreneur , operator and educator .
158 November 2024