Venture capital-backed fintech companies raised $4 billion in the third quarter of 2017 alone, according to CB Insights. Alex Rampell, Andreessen Horowitz: “The first phase of fintech was ‘unbundling’ banks — taking one of the features of a mega-bank, and doing it better. The next phase is rebundling — adding other services, and cross-selling products (like SoFi starting in lending and later adding wealth and insurance). Venture capital will flow to successful startups moving into their second act of rebundling.” Charles Birnbaum, Bessemer Venture Partners: “Valuations in the alternative-lending space were overly optimistic in our opinion over the prior five years, but we do feel that the pendulum has likely swung back too far in the other direction following the recent pullback” leaving the sector ripe for potential funding or M&A.

http://amp.timeinc.net/fortune/2017/12/12/2018-amazon-bank