DIFC Summit, May 2023.pptx
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The document discusses the growth and recent downturn of the fintech industry. It notes that fintech startup value grew from $111.8 billion in 2018 to $210 billion in 2021 but has since declined to $75 billion in 2022. The number of fintech startups and unicorns also increased from 2016 to 2021 but growth has slowed. Cryptocurrency values have sharply declined from $3 trillion in 2021 to under $900 billion in late 2022. European fintech funding dropped 83% in early 2023 compared to the same period last year.
![$11.53 billion
46,380 people
$28.27 billion
84,660 people
$42 billion
123,000 people
$54.12 billion
57,000 people
MARCH 2021
$95 billion
4,000 people
[Bank statistics and values as of February 2022]](https://image.slidesharecdn.com/difcsummitmay2023-230524115247-aa33642d/85/DIFC-Summit-May-2023-pptx-20-320.jpg)
![$11.53 billion
46,380 people
$28.27 billion
84,660 people
$42 billion
123,000 people
$54.12 billion
57,000 people
MARCH 2021
$95 billion
4,000 people
[Bank statistics and values as of February 2022]
JANUARY 2023
$63 billion
-1,120 people
MARCH 2023
$50 billion
8,000 people](https://image.slidesharecdn.com/difcsummitmay2023-230524115247-aa33642d/85/DIFC-Summit-May-2023-pptx-21-320.jpg)
![Crypto valued at $3 trillion
in 2021 is now worth under
$900 billion [November
2022]](https://image.slidesharecdn.com/difcsummitmay2023-230524115247-aa33642d/85/DIFC-Summit-May-2023-pptx-27-320.jpg)
DIFC Summit, May 2023.pptx
- 7. Time does not exist. We invented it.
- 8. How did the inventor of the clock know what time it was?
- 9. Money does not exist. We invented it.
- 16. FROM US$111.8BN IN 2018 TO $210BN IN 2021 FROM 12,200 START-UPS IN 2019 TO 26,000 IN 2021 FROM 36 UNICORNS IN 2016 TO 159 IN 2021 https://www.milanfintechsummit.com/fintech-startup-value
- 18. RETAIL, COMMERCIAL, PRIVATE, INVESTMENT AND TRANSACTION BANKING WEALTH, ASSET AND FUND MANAGEMENT
- 19. OCTOBER 2016 $9.2 billion 400 people OCTOBER 2018 $20 billion 1,000 people SEPTEMBER 2019 $35 billion 2,000 people MARCH 2021 $95 billion 4,000 people
- 20. $11.53 billion 46,380 people $28.27 billion 84,660 people $42 billion 123,000 people $54.12 billion 57,000 people MARCH 2021 $95 billion 4,000 people [Bank statistics and values as of February 2022]
- 21. $11.53 billion 46,380 people $28.27 billion 84,660 people $42 billion 123,000 people $54.12 billion 57,000 people MARCH 2021 $95 billion 4,000 people [Bank statistics and values as of February 2022] JANUARY 2023 $63 billion -1,120 people MARCH 2023 $50 billion 8,000 people
- 22. European fintechs raised $2bn in the first quarter of 2023 — a massive 83% drop from this time last year
- 23. FROM $210BN IN 2021 TO $75BN IN 2022 FROM 26,000 IN 2021 TO 30,000 IN 2022 FROM 36 UNICORNS IN 2016 TO 159 IN 2021 TO 258 IN 2022 TO 312 IN 2023 https://www.milanfintechsummit.com/fintech-startup-valu https://www.itechart.com/fintech/unicorn
- 27. Crypto valued at $3 trillion in 2021 is now worth under $900 billion [November 2022]
- 29. “I can’t think of anyone who doesn’t believe that in the future a digital version of the dollar for institutional and corporate use isn’t going to happen and be far more efficient.” Bob Diamond, founder of Atlas Capital and former CEO of Barclays Bank
- 31. In 2021 and 2022, Meta’s Reality Labs recorded losses of nearly $24 billion … the losses will ease significantly in coming months because the metaverse is over.
- 39. ©Chris Skinner +44 790 586 2270 [email protected]
- 40. ©Chris Skinner +44 790 586 2270 [email protected]
- 41. ©Chris Skinner +44 790 586 2270 [email protected]
- 43. ©Chris Skinner +44 790 586 2270 [email protected]
- 44. ©Chris Skinner +44 790 586 2270 [email protected] TRUSTED VALUE STORE AND INTERMEDIARY OF TRUST
- 45. ©Chris Skinner +44 790 586 2270 [email protected]
- 50. “Sometimes I think it’s as if aliens had landed and people haven’t realized because they speak very good English.” Geoffrey Hinton Ex-Google Head of AI Winner of 2018 Turing Award for his work on deep learning
Editor's Notes
- #17: https://www.milanfintechsummit.com/fintech-startup-value/
- #22: https://www.reuters.com/technology/fintech-stripe-valued-50-bln-after-65-bln-fundraise-2023-03-15/
- #24: https://www.milanfintechsummit.com/fintech-startup-value/
- #30: https://www.ft.com/content/16089458-3aa9-4f20-82ec-4de47b4b2dd4?shareType=nongift
- #51: https://www.technologyreview.com/2023/05/02/1072528/geoffrey-hinton-google-why-scared-ai/?utm_campaign=site_visitor.unpaid.engagement&utm_medium=tr_social&utm_source=LinkedIn
- #53: https://www.weforum.org/events/the-growth-summit-jobs-and-opportunity-for-all-2023
- #57: https://extinctionrebellion.uk/act-now/resources/money-rebellion/