The next wave of consumer fintech startups will likely not come from US or China but from:
- Indonesia
- India
- Nigeria
- Brazil
…due to the existing cash-heavy financial system paired with high mobile penetration and ironically, respectively, their slowly maturing reserve banking system.
PS: I’m personally more optimistic about Indonesia given the continuous improvements in their legal and banking system, two major pillars needed to welcome domestic and foreign capital and thereby, growth.
As the recent saying goes, all companies will converge into a payment or fintech company as they mature.
Intersection notepad 
One thought on “Next wave of consumer fintech startups”