Why Fintech’s Fail: Elliott’s Keynote at FinTech Live London 2023
Join Elliott Limb, the co-founder and CEO of Cubed, as he unveils the core challenges faced by FinTech Scale ups at Fintech Live London 2023.
The harsh reality: a staggering 90% of these ventures falter within just three years. Elliott's driving philosophy, 'eco over ego' seeks to empower FinTech pioneers, CEOs, and investors in achieving sustainable and predictable growth.
Elliott sheds light on the primary causes of failure: issues ranging from operational inefficiencies to the struggle for product-market alignment and inadequate financial performance management. Emphasising the pivotal role of cultivating partnerships, implementing effective pricing strategies, and nurturing a resilient organisational culture rooted in the 'eco over ego' ethos.
75% of venture-funded companies fail, causing a stagnation in FinTech innovation. His resounding message that failure in this sector is not chance but rather a foreseeable and preventable outcome.
Elliott's address serves as a rallying cry, his firm belief in prioritising the ecosystem ('eco') over individual interests ('ego') reverberates in his call to action, urging industry stakeholders to pivot towards collaborative growth rather than individual recognition.
No one wins, but there is a better way. Hence, the birth of Cubed.
Witness the unique keynote presentation, the cat behind Cubed, as Elliott Limb dissects the reasons behind Fintech Failures at FinTech Live London here.