Subscribe by 30 September 2019 and get a 50% discount off your first year fee

Purchase a subscription by 30 September and pay just US$71.50 for the first year, which enables you to: – Read our latest daily insights – Read our archives of over 1,000 articles – Comment on our posts – Participate in our industry forum Use Coupon Code: Introductory-Offer on our Subscription page.

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Announcing the Daily Fintech membership service

“Welcome to the Daily Fintech membership service with ready access to our original and independent fintech insights, all produced by our multi-industry fintech experts with only our readers in mind.”- Daily Fintech CEO, Bernard Lunn Today we are launching our paid membership service. Daily Fintech has been built on a passion for fintech plus a […]

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Announcing Daily Fintech Conversations

Need to ‘voice’ and share your fintech insights with industry peers and experts? Look no further. Sign up to be part of Conversations today. Daily Fintech Conversations integrates our publishing and forum into a single platform. The purpose of both is to enable conversations that make good things happen. Most of us understand instinctively how to have […]

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On the tides of insurance innovation

  A person has three choices in life. You can swim against the tide and get exhausted, or you can tread water and let the tide sweep you away, or you can swim with the tide, and let it take you where it wants you to go.  source Clever words for one’s life path, perhaps […]

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Just in Time insurance- only what you need, when you need it

  Image TLDR   It wasn’t that long ago that production and retail inventories were gauged by the space available in which to store the supplies/goods.  Then some smart people determined that in a well-managed, lean operation inventory could be obtained upon instant need, and thus Just in Time (JIT) Inventory principles were developed. Is the […]

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This Week in Fintech

During the week when heatwaves boiled the world, our Experts posted cool fresh insights each & every day. Daily Fintech offers unique insights about the future of Fintech written by and for senior executives, entrepreneurs and investors. Monday Ilias Hatzis @iliashatzis our Greece-based crypto entrepreneur, wrote “Bitcoin to the Moon”  TLDR: Bitcoin, Ethereum, Litecoin and […]

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Last week in Fintech & Crypto

During the week when American politics became even more toxic, Daily Fintech Experts posted fresh insights each & every day.

Monday from @iliashatzis, our Greece -based crypto entrepreneur, described the strange news of President Trump publicly voicing his negative views on Bitcoin. Read here

Tuesday from @efipm, our Swiss-based Fintech Adviser, analysed why incumbents are beating startups in the robo advisory market which she has been tracking since 2015. Read here

Wednesday from @jessicaellerm, our Australia-based Fintech entrepreneur,  described how a major digital challenger bank, Nubank in Brazil, is moving into the small business market. Read here

Thursday @insuranceeleph1, Patrick Kelahan, our US based Insurtech expert, interviews the author of a study of 194 insurtech ventures with the aim of having a solution box to look in when you have identified what problem you want to solve. Read here

Friday from @karunk, a London based Fintech investor, looked at how AI based credit decisions, while smarter than ye olde FICO scores need to make their algos transparent both to consumers and regulators. Read here

Saturday @lunnbernard, CEO of Daily Fintech,  described the technology from satellites to mesh networks that will power Bitcoin even if the Internet is shut down. Read here

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Last Week on Daily Fintech

During the week when hurricanes headed for America and the awful drought in India got worse, our Experts posted fresh insights about Fintech each & every day.

Monday from @iliashatzis, our Greece -based crypto entrepreneur, celebrated America’s Independence Day by describing how Bitcoin shows that a community of people can create a currency system on their own, just like the Colonials did. Read here.

Tuesday from @efipm, our Swiss-based Fintech Adviser, questions why the variety of  `anything Fintech as a service` is helping BigBank more than SmallBank today. Read here.

Wednesday from @jessicaellerm, our Australia-based Fintech entrepreneur,   continued analysis of the red hot India Small Business Fintech market by looking at TenCent’s investment in NiYo. Read here.

Thursday @insuranceeleph1, Patrick Kelahan, our US based Insurtech expert, curated & analysed the most important news items in Insurtech globally during the last week. Read here.

Friday from @karunk, a London based Fintech investor, describes how in India, the third most active innovation ecosystem in the world after US and China, most Blockchain projects are driven by Government initiatives for financial inclusion. Read here.

Saturday @lunnbernard, CEO of Daily Fintech,  is surprised that the SEC Crypto regulation gets it almost right with the Reg A Blockstack token offering and opines that this may define a new innovation capital market. Read here.

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Happy 5th Birthday Daily Fintech

I am a bad parent who does not celebrate each birthday. I celebrated the first birthday of Daily Fintech with this post on 30 June 2015. I am happy with what I wrote then, except for the last sentence where I clearly did not “report back on the second anniversary.” Nor on the 3rd or 4th anniversary. I am trying to correct that by celebrating the 5th anniversary properly today.

Although I have failed with birthday celebrations, I am happy with one thing I wrote on that first anniversary:

“Like any startup, it is an experiment to find product fit to market and I can only promise to keep iterating on that journey.”

According to the legendary investor and blogger Fred Wilson,  the data shows that “It takes seven to ten years to get to real liquidity”.  As he puts it:

“I am not sure why seven to ten years and not five to seven or not ten to fifteen. It’s seven to ten. That’s how it has always been and seemingly always will be. “

So Daily Fintech is 50% there if it is 10 years and 71% there if it is 7 years

“Liquidity” is the definition of success for an investor. If you have external investors (we do not yet at Daily Fintech), that also needs to be your definition of success as an entrepreneur.  If you have bootstrapped and self funded, you also have the option of running a business with the old fashioned objective of what Warren Buffet calls the “owners reward’ of profits.

Either way, it takes seven to ten years to build sustainable business value.

I am happy that in our first 5 years we have done two things well.

  • High quality original content. Daily Fintech now has 6 very talented and experienced people who write once per week, so that we get original Fintech insight every day (M-S). I dislike the word “content”; it implies fodder for the advertising beast. I like to call what we offer “insightful original research that is presented well in good writing to smart people who want more signal and less noise”, but I do recognise that is a bit of a mouthful, so I will use the word content here. Given our focus on high quality original content, it made sense that the first person on our advisory board, in 2018, was Paul Conley and that during 2019 we engaged the services of Triumvirate Content Consultants.
  • Not pulled into blind monetisation alley ways. I knew that traditional online advertising, the obvious content monetisation answer, was failing; I knew this from my earlier work as a digital entrepreneur and while this was not obvious in 2014 it is obvious now in 2019..  I could see a few other blind alleys and am happy to say that we did spend long in these blind alleys. We do have a sense now about how to create sustainable monetisation that fits our high quality original content, but we are still in the early days of this journey so yes it is a “seven to ten years” journey.

I was asked recently in a meeting about targets and I replied that I was much more comfortable with direction and process than with targets. I know where we are going (direction) and I know what it takes to go on a long arduous journey (process), but cannot anticipate all the twists and turns in the journey, so I can only end with what I said on the first birthday:

“I can only promise to keep iterating on that journey.”

  Bernard Lunn is a Fintech deal-maker, investor, entrepreneur and advisor. He is CEO of Daily Fintech and author of The Blockchain Economy.

I have no positions or commercial relationships with the companies or people mentioned. I am not receiving compensation for this post.

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