Fintech In Trump’s America
Summary
The chart below depicts the number of venture capital investments made into US-based fintech companies at all stages since January 2012 (which was the start of Barack Obama’s second term as POTUS). (Remember, we define unicorn as a “U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors,” a la Aileen Lee’s original definition.) Last week, The Wall Street Journal’s Telis Demos explained that Trump’s election may bring change to the regulatory system governing larger financial institutions. Smaller upstarts weren’t affected because they were under Dodd-Frank’s $10 billion asset threshold, which forces companies to comply with the stipulated regulations, according to a brief report from Grant Thornton. If big banks take a lesson from startup culture and “pivot” themselves into financial technology companies after the shackles of existing regulation is thrown off, tiny little upstarts may be up against some very well-capitalized competitors.
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