the.com/fintech
venture capital's word for a bank without the boring parts, or the trust.
means technology-driven companies that build financial products like payments, lending, and banking by software instead of by branch.
from a smashup of finance and technology, quietly used in banks since the 1990s, then exploded post-2008 when a generation distrusted banks but still needed loans, and coders realized an app could out-move a teller.
2008 catalystcrisis-era distrust of banks fueled the boom
regulation gapoften licensed banking rules, unlicensed banking speed
unicorn densityone of the most unicorn-heavy startup sectors ever