The financial technology (fintech) industry is thriving globally. The use of digital technologies together with market changes are creating a revolution that is rapidly transforming the financial sector. The rise of "fintech" has unleashed a new breed of apps, sites, and services designed to help consumers pay for goods and get loans.
As of researching, global FinTech investments increased steadily between 2014 and 2017 from $19.9bn to $39.4bn at a CAGR of 18.5%. This trend accelerated in the first half of 2018 when $41.7bn was invested across 789 deals.
Fintech has highlighted its mark on the financial industry by the success of many startups. Notably, 11 valuable Fintech Startups Worth Over $1 Billion that has us extremely optimistic about the continued growth of this industry and fintech isn't going away anytime.
Clover Health -- $1.2 billion
Cabbage -- $1.3 billion
Robinhood -- $1.3 billion
Avidxchange -- $1.4 billion
Coinbase -- $1.6 billion
Apttus -- $1.9 billion
Avant -- $2 billion
Oscar -- $2.7 billion
Credit Karma -- $3.5 billion
SoFi -- $4.4 billion
Stripe -- $9.2 billion
These companies are changing the way people get loans, buy goods and invest their money.
Fintech is without a doubt one of the most exciting and profitable places to be in the world of investment. These are areas of the Fintech industry that will be the most attractive for both entrepreneurs and investors in the upcoming years.
Trading & Investing
Lending
Payments
Personal Finance
Currency Exchange & Remittances
Funding
Fintech is continuing to be a hot trend in the world of innovations and investments. It is also forecasted to attract more attention from investors.
The choice is yours. Give yourself a chance of taking advantage of this fast-moving financial technology.