General World News

14 big investors like Bain Capital Ventures, Kleiner Perkins, and Point72 weigh in on how the meaning of fintech is evolving — and no one can agree if the term should be expanded or retired

fintech 2 2x1

  • Business Insider surveyed 14 investors to understand how they define the word “fintech.”
  • Responses varied greatly. Some think it’s pretty straightforward, while others think it’s complicated and wide-ranging. Some VCs said the term “fintech” isn’t really a thing anymore, and others think “fintech” could mean applying finance to everything, as opposed to applying tech to finance.
  • But even though the investors didn’t settle on one clear answer, a lot of their money is converging. In 2019, VCs poured more than $24 billion into startups that put a tech spin on spaces ranging from asset management to lending to payments to insurance, read more >>>

    Source:: BusinessInsider.Com