“Fintech is only 3% finished. We only have 3% market share, and the market narrative has shifted.”

– Simon (referencing how much more room fintech has to grow)

“If you feel like you’ve fallen asleep on fintech, wake up in 2025 because it’s going to be exciting.”

– Simon (highlighting the near-future shake-up)

Fintech in 2025 is only just getting started—hyperscalers are emerging, banks are in a surprisingly strong position (for now), AI and stablecoins are unleashing new product possibilities, and the ‘great rebundling’ of financial services is on the horizon.

Today’s incumbents (banks, large networks like Visa/Mastercard) continue to thrive thanks to strong macroeconomics and scale. However, fintech “hyperscalers” (companies like Stripe, Nubank, Revolut, Robinhood, and Klarna) are poised for rapid expansion, potentially capturing a massive share of the world’s $30 trillion financial services market. AI, stablecoins, and open finance regulations are all catalysts that make it easier for challengers to finally move beyond table scraps and threaten core revenue streams (like credit cards, payments, global corporate banking).

The Rise of Fintech Hyperscalers

The “Great Rebundling”

“The last 10 years unbundled the simpler products… now we are seeing the great rebundling of finance.”

– Simon (on fintech evolution)

AI in Financial Services

“Financial services is a $30 trillion market. Most of that goes to labor, like $27 trillion. AI means more of that can be done by software.”

– Rex (underscoring the magnitude of AI’s potential impact)

Embedded Finance & Regulation

Payments: The Fistfight for Global Volume