Fintech

Financial services are a bedrock of developed economies and essential for societies to operate effectively. However, as our society rapidly changes technologically, demographically and socially, our financial system needs to change as well. Over the past one hundred years, the U.S. federal debt has increased from $400 billion in 1923 to over $33 trillion in 2023. Income inequality is also worsening - in 2023, we saw the biggest increase in the wealth gap since 2010 - and Americans are increasingly frustrated with the lack of government support and intervention. Over 12% of Americans now live in poverty, and for Americans over 65, the situation is even more dire with poverty rates rising to the peaks of 2016.

New financial products and services are needed to support our changing economy. We believe the greatest opportunity in fintech for the next decade is to fundamentally reimagine financial products for this new economy and innovate deeply at the product level. We are excited to back founders who are ready, willing and able to rethink our financial services from the ground up.