Honye Financial Services has been formed to acquire companies within the financial services and 'fintech' sectors. In particular, the initial focus will be on acquiring companies which operate asset management, online financing, payment facility or robo-advisory businesses.
The financial technology industry is growing significantly and received $17.4 billion in investment in 2017. The total value of the worldwide investment into the fintech industry has grown at about a 48.8% CAGR since 2008, or from approximately $1 billion to about $24 billion. The most significant opportunity is fintech's ability to disrupt the often inefficient financial services industry worth approximately $25 trillion annually.