FinTech’s Fabulous Year: Reflecting on 2023, Embracing 2024 with Gusto

January 30, 2024
1 min read


  • There are signs that 2024 may see a resurgence in FinTech venture activity, with several large fundraises announced recently.
  • Three global experts in FinTech and venture capital share their key takeaways from 2023 and predictions for 2024.

Key points:

  • The FinTech landscape faced challenges in 2023, with record lows in investing and declines in capital raising for seed and early-stage startups.
  • Despite these challenges, there is optimism for 2024, with opportunities for risk-takers and the exploration of creative options.
  • Artificial Intelligence (AI) is expected to play a pivotal role in FinTech in 2024, leading to cost reductions and efficiency improvements for companies.
  • The impact of Environmental, Social, and Governance (ESG) considerations on FinTech will continue to evolve, with a focus on conscious investing and differentiation.
  • Buy Now Pay Later (BNPL) emerges as a complex credit product with diverse use cases, and there are concerns about social risks and understanding its impact on customers’ financial conditions.
  • Remote work is reshaping the FinTech landscape, offering flexibility and inclusivity, with an increase predicted in remote work leveraging talent from emerging markets.

Overall, the experts believe that FinTech is at a critical juncture, and the future remains uncertain, but there are opportunities for growth and innovation in 2024.

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