State of FinTech 2021

State of FinTech 2021

The Big Picture

January 27, 2022

Fintech accounted for $1 in every $5 of global venture funding last year. “Fintech funding more than doubled in 2021 to $132 billion, accounting for 21% of all venture dollars invested worldwide,” writes Barry Ritholtz, Chairman and Chief Investment Officer of Ritholtz Wealth Management LLC. Innovation is transforming all facets of finance, enabling firms like his to serve clients more efficiently and at lower costs. “We could not do all we do — asset management, financial planning, tax & estate plans, 401ks, and tax-qualified accounts, plus all of the research, writing, and publishing we do unless we had a robust, cutting edge tech stack,” says Ritholtz, who is often critical of how news organizations cover Wall Street. Given the interest FinTech generates from entrepreneurs, technologists and investors, the sector’s overall direction and magnitude bears watching. “Anytime we have an opportunity for faster-better-cheaper, we are all in.”

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