Money 20/20

Money20/20 is the space where the industry’s smartest visionaries and innovators come together to create the future of money. With 1.4 billion people making US$17 trillion in mobile payments in 2017, China’s fintech industry is way past the tipping point.

Consumer-led and government backed, China’s domestic appetite to invent and embrace new fintech products shows no sign of slowing. It’s a unique market because its size, aptitude and appetite enable a plethora of companies to build innovative strategies on domestic growth alone, while a smaller group of cutting-edge companies embark on international strategies. Thanks to the formidable speed, skill and scale of Chinese invention, many of the world’s fintech products, platforms and practices look to China first for the benchmark.

SILK Ventures’ Founder and Managing Partner Angelica Anton compared global venture capital markets on a panel moderated by Stefan Klestil, Partner at Speedinvest at the conference which took place in Hangzhou – China’s most prominent fintech hub. Angelica also acted as a judge in the conference’s fintech startup competition with Ying Lee, the co-founder of YunFeng Capital alongside Jack Ma.