Banishing the fintech gloom: Celebrating thoroughbreds and new generation of fintech builders

Location

Phoenix Court

Date

06.11.24 10am

Last year there was notable gloom around the global fintech sector: public companies were taking a battering and amongst private early stage fintechs lower valuations and down rounds were becoming reality.

In contrast, we saw something different in the Phoenix Court portfolio. Many of our fintechs were growing faster than ever, achieving ARRs of $100m and more with many generating meaningful profits.

We celebrated these achievements last week at our Fintech Showcase, welcoming our portfolio and our wider community to Phoenix Court to discuss what it takes to scale a company with over $100m in revenues - exceptional companies we call Thoroughbreds, combining hope and promise with strong fundamentals.

We talked about crossing the Atlantic with Cleo, Raisin and Tunic Pay; working with incumbents to create opportunity with Tide, M-Kopa and Adyen; the importance of infrastructure as a moat with Wise and Yonder; and democratising access to financial services with Moove, Super, Wagestream and RiseUp. There was also time to consider public markets and how best fintechs can prepare for the day they IPO with Wellington Management and Pinegrove Capital Partners.

Thank you again to our panels and moderators, Nicky Goulimis, Sandra Friis, Harry Kell, Julian Rowe and Tamara Harel-Cohen and our insightful panellists Frank Freund, Christopher Hamblin, Mayur Patel, Oliver Prill, Helin Ece Akgul, Josh Yablon, Prateek Bhide, Tingting Peng, Portman Wills and Samir Desai, as well as to our enthusiastic and probing audience.

If you missed anything, we’ll be sharing posts on each of the five panels in the days to come.

While short-term market gyrations may have shaken the fintech sector we remain incredibly excited about the long-term prospects of a $7tn global financial services industry of which a mere 5% has been disrupted.

Despite the impact and market share gains the current fintech generation have made, we continue to see abundant white space for founders to disrupt. If you’re building, reach out to our fintech team.