Financial technology describes any business that uses technology to automate and serves business purposes or consumers. Some companies that the majority of people may be familiar with are Venmo, CashApp, or trading platforms such as Robinhood or Webull. However, the term “Fintech” can also apply to cryptocurrency trading, investment, and development.
Dr. Yasam Ayavefe is knowledgeable in Financial Technologies and says the potential for Fintech is almost limitless. We will learn from this successful businessman, financial expert, and philanthropist how well Fintech has done thus far.
Dr. Yasam Ayavefe on Fintech
“After reaching record highs in 2021, global Fintech financing is off to a strong start in 2022. According to a report by City Global Insights, over $18 billion was invested in Fintech in the first 45 days of 2022. This equates to 13% of the total 2021 funding, signalling that it is almost sure to surpass last year’s record numbers.”
The data shows a vast increase, but it is natural to wonder if businesses will have the ability to sustain this pace, and given the record highs are phenomenal, we were dazzled by Dr. Ayavefe’s outlook and answer to our question.
“These businesses raised a record $136.8 billion last year, and we were all asking the same question – whether those levels of financing could be sustained. Thus far, the figures indicate that investors can continue to finance at the current level. “
As cryptocurrency soared into the public consciousness in 2021, numerous projects drew investors seeking the next big thing. The outlook for the cryptocurrency business in 2022 may be even brighter. It raised much more money in the first two months than last year; $4.1 billion compared to $800 million.”
Fintech sounds like it is the most lucrative and innovative technology out there. The data is positively staggering; our fascination with these numbers only increased as the conversation went on.
We quickly learned how digital banking only continues to grow by leaps and bounds and has simple access. Consumers request and pay loans, purchase insurance, and manage their money in all aspects of their financial needs. The sheer convenience of Fintech would be enough to drive all consumers and businesses to utilise this technology, in addition to the knowledge the digital platform market has expectations of an annual growth rate of 11.5% by 2026.
As we learned from the data confirmed by the financial expert, this expectation is not far-fetched; in fact, it is nothing short of incredible. Blockchain technology, which allows for transactions without government involvement or third-party involvement, has been improving and growing for several years; however, this application is also on a phenomenal rise.
Can AI Help Business?
Artificial Intelligence and Machine Learning have helped assist services to consumers, increase value, and ensure security measures. It is no wonder that Dr. Yasam Ayavefe is an advocate and proactive participant with Fintech Technology. He is a firm believer that this innovative financial process will become an increasingly attractive prospect this year and continue aggressive growth.
Dr. Ayavefe is quite clear on the fact that money is evolving in astronomical ways making for competition with brick-and-mortar financial institutions. Cryptocurrencies and Financial Technology benefit all of us, not only businesses but also individually and globally. Recognising that investors realise the Fintech industry’s enormous potential, Dr. Ayavefe will continue to focus on, create, and improve on the growth of this innovative financial platform.
With Dr. Yasam Ayavefe working relentlessly to become an accomplished and acclaimed international businessman, striving to educate himself with an extensive academic background, we can learn a lot about several different aspects in order to help improve our lives.
His journey began at the University of Kyrgyzstan, earning a degree in International Relations and Affairs and a degree in Computer Engineering. Then, he obtained his doctorate in Economic Studies at the prestigious Academy of Economic Studies in Moldova.
Now, Dr. Ayavefe is the founder of Milaya capital Limited, a venture capital firm with several branches extending from London to Greece to Dubai. What we have learned thus far, Dr. Ayavefe is becoming a leader in the world of finance. If you wish to self-learn FinTech, many online courses, multimedia apps, and digital guides offer a fully effective structure.
Find out more about Dr. Ayavefe and his work here:
https://yasamayavefe.com/
https://milayacapital.com/
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