Fintech Revolution conference Bocconi University April 2016

1. Innovation and Decentralization
in Financial Services
Raffaele Mauro
Managing Director
Endeavor Italy
April 2016
Fintech Revolution
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2. 2

3. 3
Financing
Innovation
&
Innovating
Finance

4. 4

5. 5

6. 6

7. Digitalization
Decentralization
Smart
Disintermediation
The 3 Ds
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8. The First Wave:
Digital Content
Publishing Music
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9. Disrupting Business Models - a
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10. Disruptive Business Models - b
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11. Disrupting Business Models - c
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12. The Second Wave:
Physical Goods
Transportation Housing
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13. Data: storable / searchable/ sharable / real
time / computable
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14. Machine Learning / AI
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15. The Third Wave:
Finance and Institutions
Peer to peer lending Crowdfunding
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16. 16

17. 17

18. 18

19. 19

20. Digitalization
Decentralization
Smart
disintermediation
The 3 Ds
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21. 21

22. 22

23. Digitalization
Decentralization
Smart
disintermediation
The 3 Ds
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24. 24

25. Digitalization
Decentralization
Smart
Disintermediation
The 3 Ds
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26. 26

27. 27

28. 28

29. 29

30. 1 - Endeavor Companies: Kuesli
(Mexico – Microfinance / Personal lending)
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31. 2 - Endeavor Companies: Hesap Kurdu
(Turkey – Loan/mortgage Comparison)
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32. 3 - Endeavor Companies: Refinancia
(Peru / Colombia – Non-performing loans)
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33. 4 - Endeavor Companies: Xapo
(US – Bitcoin secure wallet)
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34. Distopia ? - Social credit in China
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35. Thank you !
rmauro@post.harvard.edu
raffaele.mauro@endeavor.org
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36. 36

37. 37

38. 38

39. Mark Andreessen – Tim Draper – Fred Wilson:
Bitcoin today is like the Internet in 1994
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40. 2013 peak
2011 “bubble”
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41. 41

42. Novembre 2015
Wallets 11 M 2x Since 2014
Transactions / Day 130,000
Transaction volume ($) $ 131,7 M
Market capitalization $ 5,67 Bn
Merchants 100,000 Microsoft, Expedia, PayPal
Hashrate ≈450,000,000 4x Since 2014
VC Investments 2014 $ 335 + 342% Since 2013
VC Investments Jan-15 $ 112 M > than 2013 all-year
VC Investments Nov-15 $ 462 M > than 2014 all-year
N° of VC backed startups 120
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43. Distributed
public ledger
Cryptography
& transactions
Blockchain
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44. Banks
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45. Tech Giants
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46. 2015: Regulatory Activism
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47. 47

48. 48

49. Source: Startup Management,
William Mougayar
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50. Source: Venture Radar
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51. 51

52. 52

53. Thank you !
rmauro@post.harvard.edu
raffaele.mauro@endeavor.org

54. Profile
Raffaele Mauro, Ph.D.
Raffaele Mauro is passionate about technology, policy and global finance.
Now Managing Director at Endeavor Italy, he is focused on high-impact entrepreneurship
and venture capital, providing companies access to smart capital, talent and markets.
Previously he was Head of Finance for Innovation & Entrepreneurship at Intesa Sanpaolo
and worked at venture capital funds such as P101 Ventures, Annapurna Ventures and
OltreVenture. Raffaele holds an MPA from Harvard University, a Ph.D. from Bocconi and
attended the Singularity University Graduate Studies Program at NASA Ames.
He is also Junior Fellow at the Aspen Institute, member of the “Young European Leaders –
40 under 40” cohort of 2011, member of the scientific committee at Blockchainlab.it and
member of the executive committee at the Global Shapers Hub - Milano, a World Economic
Forum community.
Twitter: @rafr
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