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At the beginning of the pandemic, the fintech sector began to accelerate in growth, a boom which may even have caused fintech to develop more quickly than the rate at which technology generally advances. This will significantly impact investors and investment firms in the coming years. Fintech products such as voice technology, artificial intelligence, contactless biometric security systems and machine learning will influence the future of investing due to their rapid development.
Brian Condenanza is a young Argentine investor and businessman. His business invests in startups in developing industries, such as fintech, digital assets and impact investing. Due to his enthusiasm, the young investor and businessman was featured in various media outlets, including Forbes 30 Under 30, regarding the new generation of investors.
Condenanza started his first company at 16 years old and has shown no signs of slowing down. He was also invited to speak at a TEDx talk in Switzerland, where he conveyed his observations about fintech and where the industry is headed. Condenanza considers that the future of finance influences all areas of society and could not be happier investing in such a space. He also contributes to business journals, sharing his insights about impact investing and the future of finance.
Impact investing is at an all-time high. The current market needs to satisfy the demand for investments that match financial resources with individual interests and values, particularly among Gen-Xers and millennials. According to recent studies, the global impact market was worth more than $715 billion in 2020, and is expected to keep growing. As of 2021, 61% of millennial millionaires are currently participating in impact investing.
Another study also indicated that 95% of millennials with a minimum of $100,000 in investable assets are interested in sustainable investing. Thus, business people should establish impact investing platforms and design them to support investors in producing financial returns and positive societal and environmental impacts.
Although Condenanza is determined that fintech will keep growing for the years to come, he disclosed that the journey is prone to challenges, but there is always a way out.
“Investing in fintech is challenging as it is constantly evolving, and getting started was not easy,” he says.
“Fintech investing can be highly profitable, but there are always changes in regulations, and every country has its fintech laws and agendas.” Condenanza adds, “That makes it rigorous compared to other industries, but it is also the challenge that makes it interesting, as it is a fast-paced industry.”
When asked about the lessons people can learn from him, Condenanza shares that he believes in the power of opportunities. “Investing gives people an opportunity to transform industries and businesses, which has a real impact on people’s lives.”