Highlights from Growth & Innovation
Martin Toner, MBA, CFA 416.428.5150
In our opinion, Fintech is an area where the pace of innovation is accelerating. Enabling technologies like Banking as a Service (BaaS) are lowering barriers to entry, and new solutions are proliferating. Like Software as a Service (SaaS) solutions, the cheaper go-to market model is enabling Fintechs to target smaller customers like small and midsize businesses (SMBs) and lower-income individuals. The result is dramatic improvement in Financial Inclusion globally. Technology can be a phenomenal problem-solver; in this report, we discuss some of the Financial Exclusion issues that still exist and the Fintech companies that are creating value by delivering solutions. We give recommendations within our coverage universe and a general rule of thumb for investors looking to commit time to this space. The rule: look for financial inclusion, and do not underestimate the size of the new markets that it can create.
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