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The Path to Profitability

Payments Innovation

Jun 13 2023 • 21 mins

As a sector, Fintech has taken an investment hit, with global funding falling by a third in 2022. It’s a situation that’s leading to a radical reinvention of the way companies approach business planning, with a more strategic evaluation of the market playing a critical role. For years, venture capitalists were telling companies that they needed to grow as quickly as possible — to win market share, and only then worry about how they would actually make money.

That formula has been turned on its head now that money is more expensive and valuations have dropped. This week, host Piers Marais is joined by Leda Glyptis, Chief Client Officer at 10X Banking, to speak about the way Fintech business models are now prioritising profitability over growth.

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