Fintech, three growing trends
Venture capital funding for fintech startups has ballooned over the past several years, rising from $1.9 billion in 2010 to $27.5 billion in 2017. Jeff Kauflin on Forbes outlines three growing trends in the fintech sector:
– Real estate: in the past 12 to 18 months, real estate tech-focused investment funds have emerged. Big real estate developers have launched strategic venture funds, some startups have built platforms that make it easier to invest in real estate and other companies are offering new options for viewing homes online and getting mortgages more quickly.
– Insuretech: some startups provide on-demand insurance or use artificial intelligence to help insurance providers more efficiently manage and prioritize claims.
– Paper-Dominated Industries: studying areas of financial services that are still dominated by paper can uncover fintech opportunities thanks to the savings in paper and time usually necessary for operations.