Contents02 Introduction25 A Tale of Two Citieson Spread Businesses04Fintechs Have Come of Age29 Insuretech and WealthtechOpportunities Are Mostly09 Industry Fundamentalsin B2B2XRemain Strong31 The Path Toward Growth15 Fintech Revenues Are ProjectedStill Carries Risks,andto Grow Sixfold by 2030Requires Action20 While Payments Led the41 About the AuthorsLast Era,B2B2X and B2bAre Expected to Lead the Next