Future of Fintech 2017 speaker Rebecca Lynn of Canvas Ventures plays "Confirm or Deny" about fintech's hottest trends.
Prior to the conference, we caught up with Rebecca to play a quick game we’re calling “Confirm or Deny” and quizzed her about the industry trends she’s seeing. Check out her responses below:
Marketplace lending as it pertains to startup formation and funding is largely over:
Confirm. Players have already come out. There’s lots of competition in this space and there are already clear winners.
Corporate VCs are increasingly a critical part of the fintech ecosystem:
Confirm. You see CITI, Munich Re, Santander and other corporate VCs becoming a lot more active and are opening the doors for small companies to work with big banks.
The largest independent robo-advisors will see consolidation in 2017:
Confirm. We have already seen that happen when Black Rock bought FutureAdvisor.
There will 1 or more VC-backed fintech IPOs in 2017:
Confirm. A few could go out.
Goldman Sachs is a tech company:
Confirm. With the high volume of data [they posses] and [their] need for low latency, the systems they rely on would have to make them a tech company.
More notable fintech M&A will come from legacy incumbents vs. tech firms (i.e. Intuit, PayPal):
Confirm. You will see both.
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Ranked #23 out of 100 top tech investors on Forbes’s 2015 Midas List, Rebecca Lynn is a Partner at Canvas. She focuses on early-stage venture investments in FinTech, digital health, SaaS, and mobile. Rebecca led Canvas’s investments in FutureAdvisor, CrowdFlower, HealthLoop, and Viewics, and currently sits on the boards of each.