ruHere's a short recap of the report:

1. If we look back at Fintech history, we can clearly see three stages:

• Fintech 0.0 started in the 2000s, at a time when internet connectivity and payment accounts were still limited. A time of users with a bank account and multiple credit cards.
• 1.0 started in the 2010s after the global financial crisis, when the banks pulled back from several markets, opening up opportunities for new entrants. - 2.0 started in 2021 after the pandemic has forced many to question assumptions that governments equal stability

2. Investments in Fintech:

• During each of the crisises, entrepreneurs and financial experts seized the opportunities they saw and began building new solutions for market disruption. iPhone and Android smartphones boosted this process. For example, Ant Financial saw success in opening investment accounts for the middle class in China, leaving existing banks and financial institutions to rethink assumptions that these services are only of interest to elite or higher tier customers.

As an outcome, venture investment grew YoY. For instance, in 2010 there was $1.7B, in 2015 - $26.4 B and in 2019 - $69.2B.

3. Fintech 2.0 Predictions:

1. Within 3 years, 5 of the world’s 10 largest economies will have Central Bank Digital Currencies (CBDCs) in the market. (Probability: 9/10)

Central banks across geographies, sizes, and types are investigating digital currencies.

CBDC aims to increase stability and competition amid banks' rivalry with tech companies and cryptocurrencies. It has lower transfer costs and encourages the use of local currency to pay for goods, which is especially important in countries prone to dollarization.

1. Within 5 years, fintech companies will be 3 of the top 10 slots of the most valuable companies. (Probability: 7/10)

Digitization of the economy is moving fintech value propositions from nice-to-have to must-have. We have all seen the influence powerful tech players have had on crypto and the market – it only takes a simple Tweet (Hey Elon!).

1. Within 5 years, personalized digital algorithms will represent 20% of retail commerce transactions. (Probability: 5/10) Commerce becomes more addictive to personalized algorithms. These algorithms will use AI and predictive analytics with consumer permission to show you that gift your partner hinted at yesterday.

Fintech startup Klarna is the most valuable startup in the world. This fact opens the question: is fintech scene already developed? Not at all, there’s always a room for disruption and, as a result, for new investment opportunities.