Fintech Reckoning

Extracted Attributes

• Core Metrics

  LTV to CAC ratio, Gross Margin, Cash Burn

• Market Shift

  Transition from easy money to profitability-focused investment

• Primary Drivers

  Sustainable growth, Unit economics, Investor transparency

• Industry Challenges

  Lending losses, Cyber security threats, High cost of funds

Timeline

• Revolut is founded by Nik Storonskiy and Vlad Yatsenko in London. (Source: Wikipedia)

  2015-07-01

• CNBC reports on the impending fintech reckoning as the economy slows and lending losses rise. (Source: The fintech reckoning is upon us. Here's what to expect next year)

  2022-12-28

• Jimmy Sawyers identifies 2023 as the 'year of fintech reckoning' where fundamental business rules replace easy money growth. (Source: Bankers as Buyers 2023)

  2023-01-01

• Fintech revenues surge 21% and 69% of public fintechs report profitability, signaling a shift toward sustainable growth. (Source: Fintech's Next Chapter: Scaled Winners and Emerging Disruptors)

  2024-01-01

• Industry discussion focuses on whether incumbents will choose in-house AI over fintech startups. (Source: Fintech recent news | InformationWeek)

  2024-11-11

• Revolut reaches a valuation of $75 billion with 65 million customers across 48 countries. (Source: Wikipedia)

  2025-11-01

Revolut

Revolut Group Holdings Ltd, known as Revolut, is a global financial technology company headquartered in London and founded in July 2015 by Nik Storonskiy and Vlad Yatsenko. As of 2025, Revolut operates in over 48 countries and has 65 million customers. It was valued at $75 billion in November 2025. The bank offers free and subscription-based digital banking services, primarily through a mobile app. Banking services include bank accounts, debit cards, credit cards, currency exchange with over 25 fiat currencies, stock trading, cryptocurrency exchange and peer-to-peer payments. Revolut's mobile app supports spending and ATM withdrawals in 120 currencies and transfers in 36 currencies. Revolut's credit card is available in Poland, Lithuania, the United States and Ireland.

Web Search Results

• The fintech reckoning is upon us. Here's what to expect next year

  Key Points [...] As the economy slows further into an expected recession, companies that lend to consumers and small businesses will suffer significantly higher losses for the first time. Even profitable legacy players like Goldman Sachs couldn't stomach the losses required to create a scaled digital player, pulling back on its fintech ambitions. [...] Eventually, incumbents and well-financed startups will benefit, either by purchasing fintechs outright to accelerate their own development, or picking off their talent as startup workers return to banks and asset managers.

• Bankers as Buyers 2023

  might be entangling alliances that they wish were unentangled, according to Jimmy Sawyers, chairman and co-founder of Sawyers & Jacobs LLC. “I believe that 2023 will be the year of fintech reckoning. Many spent their easy money to buy customers and marketing in hopes that they could grow their way to profitability, but they ignored some fundamental business rules. When the cost of funds was zero, any fool could look legitimate.” “This year will expose which fintechs have legitimate business

• The coming fintech security reckoning - Reward Strategy

  investment in detection, containment and customer remediation. [...] A fintech cyber tipping point: AI-driven attacks, fragile supply chains and looming quantum threats force security from IT function to board-level priority. [...] figures point to roughly four in ten , trace back to third‑party providers, making vendor resilience a systemic concern.

• Fintech's Next Chapter: Scaled Winners and Emerging Disruptors

  However, as we established in our 2024 report, fintechs will not be able to successfully pursue these opportunities with a “growth at all costs” mindset. Sustainable growth will be the yardstick of success against which investors will measure them. When capital markets reopen—if perhaps later than some might hope—there will be a reckoning with this reality. Investors will only welcome players with strong unit economics; and as they recycle capital back into the private markets, earlier-stage [...] However, as we established in our 2024 report, fintechs will not be able to successfully pursue these opportunities with a “growth at all costs” mindset. Sustainable growth will be the yardstick of success against which investors will measure them. When capital markets reopen—if perhaps later than some might hope—there will be a reckoning with this reality. Investors will only welcome players with strong unit economics; and as they recycle capital back into the private markets, earlier-stage [...] Fintech revenues surged 21% in 2024, outpacing the 6% growth rate of incumbent financial services players. Public fintech profitability jumped, with EBITDA margins rising from 12% to 16%, and 69% of public fintechs now in the black.

• Fintech recent news | InformationWeek

  byJoao-Pierre S. Ruth Nov 11, 2024 Machine Learning & AI Fintech Reckoning: Will Incumbents Pick In-House AI over Startups?Fintech Reckoning: Will Incumbents Pick In-House AI over Startups? byJoao-Pierre S. Ruth Oct 7, 2024 IT Sectors What Lawyers Want You to Know About NFTs What Lawyers Want You to Know About NFTs Sep 20, 2024 | 9 Min Read byLisa Morgan, Contributing Writer IT Sectors The Battle for Payment Data: Who Owns Your Transactions? [...] Home IT Sectors Fintech # Fintech [...] News and insights for IT executives about the evolving financial world driven by fintech that increasingly includes digital payment technology, financial inclusivity, cryptocurrency, online banking, and more. Examines innovations that can emerge from startups yet may signal changes to incumbent financial institutions. This can include adoption of digital currencies, decentralized finance systems that can eliminate intermediaries, and the introduction of new regulatory policies in response.