Sector
FinTech
Financial technology, payments, capital markets software and embedded finance.
Overview
Financial technology is assessed against a demanding standard: unit economics, regulatory posture and distribution are examined together, and weakness in any one of them tends to determine the outcome of a process.
Market perspective
How capital is approaching the sector.
The market distinguishes sharply between businesses with software economics and those carrying balance sheet, credit or float exposure. The two are underwritten by different pools of capital.
Regulatory positioning has become a first-order question rather than a diligence item. Permissions, partner arrangements and compliance infrastructure are examined early.
B2B financial infrastructure and embedded finance continue to attract institutional interest where distribution is proven and the revenue is genuinely recurring.
Areas of focus
- Payments and embedded finance
- Capital markets and wealth technology
- Risk, compliance and regulatory technology
- B2B financial infrastructure
- Insurance technology
The investor lens
- Net revenue after cost of funds and losses
- Regulatory permissions and partner dependency
- Distribution and customer acquisition
- Take rate durability
- Capital intensity of the model
Capital considerations
Matching the business to the capital.
Fintech draws both technology capital and financial-services specialists. Which pool is appropriate depends heavily on the balance sheet profile of the business.
The practical consequence for management teams is that the choice of capital provider is a strategic decision in its own right. Expectations on pace, governance, reporting and horizon vary considerably between pools of capital that appear interchangeable from the outside.
Coverage
Other sectors.
- Software & SaaSRecurring-revenue software businesses serving enterprise and mid-market customers.
- AI & DataApplied artificial intelligence, data infrastructure and machine learning businesses.
- HealthTechDigital health, clinical software and life-science technology businesses.
- ClimateTechEnergy, industrial decarbonisation and sustainability technology businesses.
- Digital InfrastructureConnectivity, compute, data centre and platform infrastructure businesses.
Discuss your capital strategy.
A confidential conversation about objectives, timing and the options available.