FintTech entities are generally young, are usually relatively small but incredibly innovative, nimble and dynamic.

Seeking to disrupt existing financial services markets through enhanced efficiencies, innovation and the use of technology, the prize is potentially huge. However the incumbents are both tenacious and entrenched, additionally possessing very deep pockets. Increasingly these incumbents are looking to develop 'internal' fintechs to disrupt their own business models.

After the 2022 funding correction, it has become relatively more difficult for Fintechs to raise capital. The amount of capital available is less abundant and the investment criteria used is now different. Lenders have moved from a position of growth at all costs and revenue is king to profitable growth and backing more established players.

Therefore to succeed the Fintechs need to carefully conserve and apply scarce capital wisely.

This means paying only for what you need and only when you need it. Fintechs have embraced cloud technologies as they can utilise only the server architecture they need. Similarly, open source software and software as a service alows Fintechs the option of choosing what to pay for and in what quantities.

Now, Fintechslegal can offer Fintechs legal resource as and when needed offering flexibility without the fixed overhead.