Founder of early-stage venture firm Inspired Capi, Alexa von Tobel says that while Inspired is a generalist firm, she said she feels both “urgent and optimistic” about fintech. “We think of this wave as fintech 3.0,” von Tobel said. “The next wave of innovation won’t come from superficial tweaks but from fundamental deep product reinvention — tools that meet the needs of a changing economy and a more diverse, digitally native population. The growing federal debt, rising income inequality, and increasing poverty — especially among older Americans — underscore the need for more adaptive and inclusive financial tools. Not to mention the rapid job loss due to AI. This moment presents a major opportunity for startups to reimagine financial products from the ground up. We think of this wave as fintech 3.0. The next wave of innovation won’t come from superficial tweaks but from fundamental deep product reinvention — tools that meet the needs of a changing economy and a more diverse, digitally native population.