The Great Fintech Reset: How leading players are reimagining their core identity and making big changes - Tearsheet

The report highlights a significant transformation occurring within the fintech industry, led by major players such as Brex, Ramp, and Plaid. As they move away from the previous 'growth at all costs' mindset, these companies are embracing a new paradigm focused on sustainable growth, operational efficiency, and enhanced customer experience. This emerging trend, referred to as "Fintech 2.0," prioritizes the fundamentals of business health over rapid expansion, marking a pivotal moment in the industry's evolution.

"Being in a period of hyper-growth and rapid success can mask areas needing improvement," says Brex's President and CFO, Benjamin Gammell. This underscores the risks of unchecked growth.

This shift towards more intentional, focused organizations capable of sustainable growth and deeper value creation signifies a maturation phase for the fintech industry, dubbed "Fintech 2.0".

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