In this episode, I am joined by Kevin Chong, co-founder and general partner of Outwood VC, a London-based FinTech venture capital fund. Kevin shares his journey, the founding story of Outwood VC, and his insights on the counter-cyclical nature of early-stage startups and the challenges they face when raising significant capital. Kevin discusses the pitfalls of unsustainable growth in early-stage startups that rely too heavily on paid acquisitions. Instead, he emphasizes the importance of fostering sustainable growth through strategic partnerships and highlights London's unique advantages as a global fintech hub. As the conversation unfolds, Kevin explores the appeal of mission-oriented FinTech startups and the verticals poised for growth in the industry. He notes how founders and investors have pivoted their focus during economic downturns, becoming more meticulous in preparing for funding rounds and hiring strong CFOs to identify efficiencies. Kevin shares his perspective on the opportunities the pandemic-induced downturn presents, explaining why it's an ideal time to invest in early-stage fintechs that can emerge stronger and more sustainable. He stresses the importance of looking beyond financial services in isolation and investing in startups that focus on the future of consumer finance. Finally, Kevin reflects on his experiences in venture capital and investing in companies, appreciating the privilege of being part of others' business journeys. He provides information about his company, Howzat Partners, and offers guidance on how to get in touch for more details. Join me in exploring the ever-evolving FinTech landscape and the exciting opportunities it presents.