The impact of technology over the past two decades has been unsurpassed, disrupting countless industries. The traditional financial sector has experienced accelerating pressure from new market entrants.
Traderoot Technologies, a South African fintech innovator has been supporting its customers face these challenges with world-class solutions for over 20 years in more than a dozen African countries. Traderoot is now embarking on an ambitious region by region expansion plan.
“There is a huge innovation focus in global fintech,” says Traderoot CFO, Daniel Daniel Templeman. “According to a recent report by KPMG, global fintech investment in the first half of 2021 reached a record $98 billion. The global fintech market is valued at over $5 trillion with an expected CAGR growth of 24%. It is no surprise that investors are so bullish about the space.”
Disruptors include start-ups such as Revolut and MAMBU in Europe, and Bettr Finance in South Africa, as well as established corporates such as Discovery Bank and Vodapay. Traditional banks and payment providers face innovative, aggressive and diverse competition, so are driven to innovate too.
“We are witnessing a historic land-grab, with venture capitalists, investment banks, private equity and other institutional investors ploughing money into financial technology,” says Traderoot CEO Jan Ludik. “The incumbents and challenger corporates are racing to upscale their own fintech offerings.”
“Traderoot Technologies has been a key enabler, allowing the most innovative and disruptive players to quickly and cost-effectively develop and deploy new solutions powered by Traderoot’s technology. We are now embarking on an ambitious expansion plan focussed on the key requirements of each new region.”, says Ludik.
In the UK and Europe Traderoot Technologies will be offering “as a service” banking combined with an innovative “build-operate-transfer” model. Customers can access full service core banking system for their customers without the need to build and maintain their own platform. Traderoot will be able to seamlessly work with, and introduce as required, the investment bank providing the banking license.
The result for our customers: Massively reduced initial investment and execution risk, while allowing subsequent in-house transfer of the platform.
An exploration of the latest FinTech investments globally, using these investments as an indicator as to where the industry is headed, and which verticals are most promising.