Understanding the Payments Industry with Alon Rajic: Founder of MoneyTransferComparison

Alon Rajic is the founder of Money Transfer Comparison, Finofin. He says the biggest story of the year in UK Fintech, at least in his view, is the IPO of Wise, the prominent money transfer and multi-currency wallet company, in July of 2021, at a valuation of slightly over 11bn GBP. Rajic: I believe there’s a ton of room for innovation in this space, but the valuations are tough to swallow. Investors showed a willingness to demonstrate patience when it comes to profitability.