nacha payments innovation alliance meeting fintech in berlin & europe
NACHA PAYMENTS INNOVATION ALLIANCE MEETING FINTECH IN BERLIN & EUROPE
ARNULF KEESE GENERAL PARTNER [email protected]
1
AGENDA WHY FINTECH ? FINTECH IN BERLIN & EUROPE DRIVERS & INHIBITORS COOPETITION WITH BANKS LEARNINGS
2
WHY FINTECH?
3
WE ARE TOTALLY CONNECTED ...
Facebook netzwerk
source: facebook 4
... MOBILE PHONES BEAT TOOTH BRUSHES
5
WE ARE COMPLETEY DIGITAL ... 2005
Pabstwahl+Selfie
6
WE ARE COMPLETELY DIGITAL ... 2013
Pabstwahl+Selfie
7
... AND CHANGE OUR BEHAVIOR 2016
Pabstwahl+Selfie
8
NEW USER INTERFACES ARISE
5.200.000x 9
INCREASING ADOPTION SPEED
10
BANK BUSINESS MODELS CHALLENGED
11
FULL SERVICE BANKS STRUGGLE TO MEET INDIVIDUALIZED NEEDS
12
FINTECHS PROMISE PERFECT INDIVIDUALIZED CUSTOMIZATIONS
13
FINTECH DISRUPTION DRIVERS Full Horizontal Connectivity – „it‘s an API world“ Data Souveranity| Cross Func use | Implicit Trx
New User Interfaces Mini ... Nano ... No-Device | Voice | Bots
Blockchain Security | Processing | Archiving
Artifitial Intelligence Intention Analysis | Prediction | Recommendation 14
FINTECH IN BERLIN
15
BERLIN FINTECH $480M TOTAL FUNDING OF 70 STARTUPS IN BERLIN Strenghts: ‐ strong universities ‐ entrepreneural spirit ‐ attractive city ‐ successful role models ‐ critical talent mass
Source: b‐hive, crunchbase
16
GERMAN FINTECH LANDSCAPE $1.5B TOTAL INVESTMENTS IN 233 STARTUPS
Source: paymentandbanking.com 17
FINTECH EUROPE AND GLOBAL
18
EUROPEAN FINTECH HIGHLIGHTS $14B TOTAL FUNDING IN 2.900 STARTUPS
Source: rude.vc
19
... UND INCAPTIAL EUROPA VENTURE EU FC FUNDING GROWING – FINTECH LEADING AS INVESTEMT SECTOR
20
WO WIRDCAPITAL INVESTIERT? VENTURE EU MULTIPLE HUBS ARE DEVELOPING, UK, DE AND FR IN THE LEAD
21
DRIVERS & INHIBITORS
22
DRIVERS & INHIBITORS REGULATION PLAYS KEY ROLE
DRIVERS
INHIBITORS
⧁ Early success of UK hub ⧁ pursued by diversity of EU hubs
⧁ Emerging startup culture to see failure as an asset
⧁ Rise of entrepreneural spirit ⧁ 1st gen role models like rocket ⧁ Increasing venture capital $$
⧁ Bank-only regulation (i.e. SEPA) ⧁ Few startup friendly regulators ⧁ Unharmonized local regulation (i.e. data protection)
⧁ PSD2 regulation ⧁ Brexit benefiting continental EU
⧁ Education: only few startup schools (like Standford)
23
COOPETITION WITH BANKS
24
PARTNERSHIPS GAINING MOMENTUM
Source: paymentandbanking.com
25
BANK INVESTMENTS GROWING
Source: paymentandbanking.com
26
LEARNINGS
27
KEY LEARNINGS NOTHING STOPS THE DIGITAL TRAIN
⧁ Disruption wins As there is no reason, right or need for any incumbant to survive ⧁ Innovative cultures do not grow by command ⧁ Solving consumer problems gets anyone into any market ⧁ Regulation is an entry barrier AND a competitive advantage ⧁ Banks denied digital transformation too long
28
ABOUT E.VENTURES
29
E.VENTURES FINTECH PORTFOLIO
30
A TRULY GLOBAL VENTURE FIRM
years experience in early stage investing
Successful exits during last 36 months
The only European VC that built a local footprint across the globe
31
A GROWING GLOBAL PARTNERSHIP
32
THANK YOU
ARNULF KEESE GENERAL PARTNER [email protected]
33
ARNULF KEESE GENERAL PARTNER [email protected]
1
AGENDA WHY FINTECH ? FINTECH IN BERLIN & EUROPE DRIVERS & INHIBITORS COOPETITION WITH BANKS LEARNINGS
2
WHY FINTECH?
3
WE ARE TOTALLY CONNECTED ...
Facebook netzwerk
source: facebook 4
... MOBILE PHONES BEAT TOOTH BRUSHES
5
WE ARE COMPLETEY DIGITAL ... 2005
Pabstwahl+Selfie
6
WE ARE COMPLETELY DIGITAL ... 2013
Pabstwahl+Selfie
7
... AND CHANGE OUR BEHAVIOR 2016
Pabstwahl+Selfie
8
NEW USER INTERFACES ARISE
5.200.000x 9
INCREASING ADOPTION SPEED
10
BANK BUSINESS MODELS CHALLENGED
11
FULL SERVICE BANKS STRUGGLE TO MEET INDIVIDUALIZED NEEDS
12
FINTECHS PROMISE PERFECT INDIVIDUALIZED CUSTOMIZATIONS
13
FINTECH DISRUPTION DRIVERS Full Horizontal Connectivity – „it‘s an API world“ Data Souveranity| Cross Func use | Implicit Trx
New User Interfaces Mini ... Nano ... No-Device | Voice | Bots
Blockchain Security | Processing | Archiving
Artifitial Intelligence Intention Analysis | Prediction | Recommendation 14
FINTECH IN BERLIN
15
BERLIN FINTECH $480M TOTAL FUNDING OF 70 STARTUPS IN BERLIN Strenghts: ‐ strong universities ‐ entrepreneural spirit ‐ attractive city ‐ successful role models ‐ critical talent mass
Source: b‐hive, crunchbase
16
GERMAN FINTECH LANDSCAPE $1.5B TOTAL INVESTMENTS IN 233 STARTUPS
Source: paymentandbanking.com 17
FINTECH EUROPE AND GLOBAL
18
EUROPEAN FINTECH HIGHLIGHTS $14B TOTAL FUNDING IN 2.900 STARTUPS
Source: rude.vc
19
... UND INCAPTIAL EUROPA VENTURE EU FC FUNDING GROWING – FINTECH LEADING AS INVESTEMT SECTOR
20
WO WIRDCAPITAL INVESTIERT? VENTURE EU MULTIPLE HUBS ARE DEVELOPING, UK, DE AND FR IN THE LEAD
21
DRIVERS & INHIBITORS
22
DRIVERS & INHIBITORS REGULATION PLAYS KEY ROLE
DRIVERS
INHIBITORS
⧁ Early success of UK hub ⧁ pursued by diversity of EU hubs
⧁ Emerging startup culture to see failure as an asset
⧁ Rise of entrepreneural spirit ⧁ 1st gen role models like rocket ⧁ Increasing venture capital $$
⧁ Bank-only regulation (i.e. SEPA) ⧁ Few startup friendly regulators ⧁ Unharmonized local regulation (i.e. data protection)
⧁ PSD2 regulation ⧁ Brexit benefiting continental EU
⧁ Education: only few startup schools (like Standford)
23
COOPETITION WITH BANKS
24
PARTNERSHIPS GAINING MOMENTUM
Source: paymentandbanking.com
25
BANK INVESTMENTS GROWING
Source: paymentandbanking.com
26
LEARNINGS
27
KEY LEARNINGS NOTHING STOPS THE DIGITAL TRAIN
⧁ Disruption wins As there is no reason, right or need for any incumbant to survive ⧁ Innovative cultures do not grow by command ⧁ Solving consumer problems gets anyone into any market ⧁ Regulation is an entry barrier AND a competitive advantage ⧁ Banks denied digital transformation too long
28
ABOUT E.VENTURES
29
E.VENTURES FINTECH PORTFOLIO
30
A TRULY GLOBAL VENTURE FIRM
years experience in early stage investing
Successful exits during last 36 months
The only European VC that built a local footprint across the globe
31
A GROWING GLOBAL PARTNERSHIP
32
THANK YOU
ARNULF KEESE GENERAL PARTNER [email protected]
33
