Tech Nation: Fashion Tech vs Fintech: It’s the underdogs that have the most opportunity

Are you wearing any clothes right now? I assume for the majority of those reading this, the answer is yes. For those who are not, they are going to put them on in the next 24 hours. How long have you been wearing clothes? I assume since you were born: that’s a lot of garments over a lot of years.

Do you have a bank account? How about insurance? Credit cards? I assume the answers to those are also yes. But, how long have you had them for? I assume that you did not demand that your mother get you travel insurance where you were two.

From this, we can conclude that more people wear clothes than have financial products. It is therefore counterintuitive that fintech is getting so much interest and fashion tech is viewed as a little niche industry.

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