Fintech profitability

Tune in to a popular restaurant-based reality TV show, and you can marvel at restaurateurs strive to keep their businesses profitable.

​

A switch of setting to a well-run fintech company might not pull in the ratings quite like an ailing restaurant. But profitability is equally important to fintech companies wanting to avoid being just another flash in the fintech pan.

​

For a long time, fintech startups focused mostly on growth by wooing customers — and investors — with innovative offerings. The technological transformation of the financial sector was not going to happen overnight, and any attempt to compete was going to require substantial customer bases. Customer acquisition was all-important.

 

Yet, like for many a bustling restaurant on a busy street corner, somehow profit & loss (P&L) was not measuring up. And successful fintech companies are now turning to other recipes for success.

​​

Read on