In an August 11, 2021 CNBC article, EMJ Capital’s Eric Jackson states “there’s no other space in tech that’s as hot as fintech.”
An EMJ Portfolio holding is up significantly since its IPO in December, showcasing historic growth rates in their latest quarterly report. The most valuable tech companies have never seen rates this high.
Fast growing fintech companies are representative of big shifts happening in the public market all around the world. Consumers are turning to easy, no-fee, app-based on-line services for loans, trading, payment services, etc.
The CNBC article focuses on fintech companies who are growing rapidly by servicing a new consumer-based model.