The digital space is one of the fast-growing sectors. The industry is experiencing tremendous growth, and new trends are transforming the way of doing business. The digital space has also presented entrepreneurs with new investment opportunities in the form of digital aspects and business opportunities.
Brian Condenanza invests in entrepreneurs in developing industries such as fintech, digital assets, and impact investing.
Having a positive impact is very important to Condenanza. "As an investor, you are limited to the impact you can have, but my goal is to be responsible by choosing companies that have guidelines and goals that go beyond earnings," Condenanza adds.
Impact investing, for example, takes on those specific problems. "The idea of implementing good environmental practices in the business environment is important for different reasons. Even if we do not think the environment needs better practices, it is important to listen to global trends and consumers increasingly calling for a different relationship with the environment and the public sector," Condenanza explains.
Condenanza believes that the future of finance will affect all sections of our society, and he is excited to invest in this area. He calls for making
investments that match financial resources with your interests and values. This is particular among Generation X and millennials as the investment demand is at an all-time high, and the current market cannot meet it. According to recent assessments, the worldwide impact market will be valued at more than $715 billion in 2020, ten times what it was in the preceding seven years, and it is likely to continue expanding. In 2019, there were 618K millennial millionaires, with 61% currently involved in impact investment.
Another study found that 95% of millennials with more than $100,000 in investable assets are interested in long-term investing. As a result, businesspeople should build impact investing platforms and design them to assist investors in generating financial returns and good societal and environmental results.
Condenanza is keen to see how fintech evolves to the next level. According to him, it is a highly challenging area as there are always changes in regulations, and every country has its fintech laws and agendas. However, the challenge becomes attractive due to its fast-changing nature. "I love how fast-paced it is. Things change fast, making it challenging, but there is no way around it. The time to market criticality is a huge factor as well," he explains.
Credit: David Thompson