A Minute With Keelyn

nanopay's Director of Finance, Keelyn Bergstrom, discusses current trends in fintech investment


Keelyn: FinTech is an extremely exciting space. Canada specifically has been locking in innovation in the payment space and underinnovating relative to other countries. It’s time for that to change and I think the active investment environment indicates that others are recognizing that as well. FinTech investment increased substantially in 2018. Total global invested dollars across M&A, VC and PE moved from $52 billion in 2017 to approximately $112 billion in 2018 and that’s encompassing over 2000 deals.

Keelyn: In 2018 we saw a number of mega deals specifically within the payment space, including Worldpay at Financial as well as iZettle. Major predictions in FinTech in 2019 include consolidation in some of the more mature areas of FinTech, including payments and lending. In addition to that, we expect to see continuing investment in more emerging areas as startup companies look to expand internationally and scale their operations. So what does this mean for nanopay? FinTech companies that are challenging the status quo, present a very intriguing investment opportunity. As nanopay continues to grow and expand corner access with global reach, we believe that we are very uniquely positioned to utilize our world class technology to make a statement within the payments industry.