Fintech is in its third chapter.
In the 2000s, there was one main idea: that an analog sector would eventually become digital. The potential was obvious: a multi-trillion dollar industry, filled with atoms (bank branches, paper, humans, etc.), when all it needed was bytes. Perhaps five years ago, the next chapter became obvious. Once financial services were digital, they no longer needed to exist as discrete products; they could become embedded in software that consumers and businesses use all day long, and with which they have a durable and data-rich relationship. We are still early in that process, and it requires imagination to see where it ends.
Even more recently, with the mainstreaming of crypto and Web3, the final piece of the puzzle has snapped into place: over the next 30 years, financial services will go from centralized to decentralized. At BCV, we’ve seen, invested in, and shaped each of these chapters, and we are eager to help those writing the next part of this story.
