The Next 3 Billion in Financial Services

Traditional banking services have fallen flat for an enormous segment of the population -- whether because they’re “unbanked,” or because the state of those services makes it even more expensive to be poor. Why are so many low-income populations -- both in the U.S. and around the world -- left behind? In this talk delivered at our most recent annual a16z Summit in November 2017, Angela Strange shares what’s happening and why; how we might address the problem; and where this creates opportunities… Because this is also about leading indicators of what comes next in financial services, too. image credits: Karen Abeyasekere/ U.S. Air Force *** The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in…