INSUBCONTINENT EXCLUSIVE:
Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software
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Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including
marketplaces and software. Two years ago, we created the Matrix FinTech Index to highlight what we saw as the beginnings of a 10+ year mega
innovation wave in financial services.The trillion-dollar financial services industry was going to be turned on its head over the next
decade, and we were just getting started
At the time, the top 10 publicly traded United States fintech companies had just surpassed the $100 billion mark in terms of total market
time.As we predicted last year, the innovation cycle continues, and we are transitioning into its mid-phase
So what happened in United States fintech in 2019? In short, monster growth.On the public side, fintechs delivered resoundingly
PayPal alone gained $26B in market capitalization
On a return basis, the public Matrix FinTech Index continued to crush every major equity index as well as the financial services incumbents
Nicely matching our forecasts, our Index delivered 213% returns over the last three years
The Index outperformed the financial services incumbents by 151 percentage points and the S-P 500 by 170 percentage points.
