Edtech is the new Fintech
In fact, recent studies showed more than one-third of us would leave our bank if they didn’t offer the most up-to-date technology.
It’s simple — we want things made easy, more accessible and provided instantly. The founding fathers of fintech recognized this expectation and took the traditional concepts of financial services, added a pinch of innovation and a touch of technology and watched the future of banking change forever. And boy did venture capitalists take notice.
In the U.K. and Ireland alone, fintech startups raised more than £461.3 million from investors between 2008 and 2013. And now we can pay with a wave of a mobile phone, transfer funds by speaking into a watch and almost never need cash.
So what’s next? While the fintech bubble shows no signs of popping just yet, it has begun to show signs of the speed wobbles as turbulent motions of the current global economic climate tests its stability.