From Finance to Fintech: The Next Leap in Our Financial Future
The financial landscape is undergoing a profound transformation. While our current systems feel deeply embedded, they are actually tailored for an era now behind us, designed to meet the needs of the Industrial Age and less than two centuries old. Though fintech has already brought innovations like mobile banking and digital wallets, these are just the early steps. Imagine a future where transactions, investment decisions, and financial planning happen seamlessly in the background, driven by AI and smart data – redefining finance as we know it. This shift doesn’t just promise convenience; it could bring billions of people into the financial system and create unprecedented wealth.
Finance has traditionally relied on manual processes, rigorous compliance, and heavy regulation, often leading to complexity and outdated practices. Fintech has taken a first small step toward reshaping this, delivering new value and reimagining our relationship with money. Even at this stage in the evolution, one of many examples is a company like Revolut, which began as a small team at one of our ecosystems – Level39 – and have grown to a $45 billion valuation, nearly double that of Soc. Gen. and on par with Barclays. It has made banking faster, accessible, and more personal. But the era of app-based banking is only the beginning.
With general-purpose AI, quantum computing, always-on communications, and immersive technology on the horizon, the future of finance calls for a fresh foundation. We need to ask not just how financial institutions will adapt, but how technology will redefine finance itself. Imagine a tech-driven personal financial agent – one that not only understands your financial goals but anticipates them, optimising cash flow, identifying investments, evaluating credit differently, and advising or even transacting for you like a knowledgeable friend with unparalleled financial knowledge and insight. This type of intelligent, tech-driven finance will be both transformative and disruptive: on one hand, welcoming billions into a more inclusive financial system; on the other, challenging established institutions to adapt to a world that may no longer fit their model.
At EdenBase, we dedicate ourselves to identifying and investing in this future of finance. Companies like Wamo and RyftPay are not only succeeding in today’s fintech ecosystem but are taking huge advantage of our supergrowth programme for not just growth; but to also leverage cutting-edge technologies to set a new standard. They represent what’s next, where finance is going with a wave of transformative, human-centric financial technology. We are excited to support them in shaping a future where financial decisions are streamlined, proactive, deeply personalised and unseen, Wamo is already achieving 300% year on year growth and Ryft has increased gross profits by 520% compared to last year – even before their supergrowth kicks in.
As we move towards this tech-powered financial ecosystem, we must address new challenges, like preventing a different kind of financial exclusion. The concept of “self-driving” banks – banks in name only, operating with entirely new foundations – will make finance not just frictionless but nearly invisible. This future of money is emerging before us, and we’re committed to ensuring it’s one where “the computer says no” is a phrase we’ll leave behind.