FINANCIAL SERVICES
“ What the UK and Turkey have in common is their flourishing fintech / tech startup scene that attracts investments from both domestic and international investors ”
YANKI ONEN CEO WAMO bringing financial services to the unbanked or underbanked populations present a massive growth opportunity . By investing in these areas , VCs not only target high returns but also contribute to the global push for more equitable access to financial services .”
Looking ahead : challenges and opportunities While the current funding environment presents challenges for the fintech industry , it also offers opportunities for consolidation and innovation . Companies that can demonstrate resilience , profitability and alignment with emerging trends are likely to attract investor interest , even in a more cautious market .
Nicolai aptly describes the current situation as “ a form of fintech Darwinism , where a more challenging macroeconomic landscape compels companies to innovate out of necessity , ultimately leading to a more resilient and mature fintech landscape ”.
Yanki concludes with advice for emerging markets looking to develop their VC ecosystems : “ As other markets develop their VC ecosystems , they should look to the UK ’ s model in particular for inspiration and aim to replicate its approach to nurturing startups and drawing in investment .”
CLICK TO WATCH : FinTech has transformed the way we pay , bank and invest . What ’ s next ?
fintechmagazine . com 169