Jeff Tijssen, Global FinTech Head at Bain has helped build & scale many FinTechs/neobanks and joined us to discuss current FinTech trends. FinTechs raised money at high valuations during easy access to capital making future business roadmap and capital raise difficult. FinTech IPOs in the US dropped from 41 in 2021 to 1 in 2022, reducing exit opportunities. This led to a wave of M&A activity as incumbents or investors have an opportunity to acquire good businesses and/or teams. Jeff expects the wave of FinTech consolidation to continue driven by the rate environment, macro headwinds, dry powder running out, etc.