LU graduate in Forbes top 30 under 30 Europe: Finance

Forbes recently revealed their top 30 under 30 in the Finance industry, with a former Lancaster University student making the list.

Daumantas Dvilinskas (Business Studies, 2007 – 2010) attended one of the Enterprise Team’s very first bootcamp events and was an active student entrepreneur. Now the co-founder of TransferGo, a high-growth digital global money transfer service, Daumantas is well known in the fintech scene.

Other under 30s in the list include young professors, CEO’s of fintech startups and entrepreneurs creating digital financial market places. In years gone by, the top 30 would have included traders, bankers, fund managers and other traditional financial jobs whereas 2017’s list reflects the vast changes within the sector.

Congratulations Daumantas!

The rise of fintech

Fintech is reshaping the money transfer industry

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The internet and the growth of mobile technology has transformed the way we manage our money and mobile banking apps, contactless payment, Apple pay and even Facebook payments have revolutionised our spending habits.

Approximate figures show that the number of people with access to their bank account via a mobile device grew by 700 million between 2011 and 2014. Financial tech (fintech) therefore, is more prominent and more lucrative than ever – so much so that some experts predict that it will replace cash payments in future years.

There’s really never been a better time to launch your fintech startup or think seriously about your financial solutions ideas; last year, investments in fintech startups quadrupled to $12 billion and crowdfunding is expected to bypass venture capital investments by 2016.

Read more here.