Comment from Alex Lazarow, venture capitalist, Cathay Innovation
Investment in the financial technology space has sky-rocketed globally over the last decade.
Fintech has transformed nearly every aspect of the traditional bank. It has also gone mainstream: 75% of people have used a money transfer or fintech product. Fintech innovation has also driven broad-based access to financial products and services to the unbanked and underbanked.
Fintech’s lessons hold promise for a different, yet related industry: venture capital. The technology industry is increasingly global – with over 1 million startups…
