The Future of FinTech

We're not typically investors in direct to consumer businesses, nor businesses that have heavy risk taking balance sheets. Rather, what we invest in is software businesses and associated business services capabilities that serve financial firms for a living. The sobering up of markets has meant that valuations today are just a lot more attractive than they were. There are still amazingly great businesses and leaders of businesses out there. I think that 2023 will prove to be a really interesting vintage year.