When we consider Fintech, we think online payments, banks and money related stuff. There have been transformations with huge investments and by innovations like peer-to-peer models, crowdfunding, and contactless payments in Finance and banking. But there is so much more with the increasing tech like Robo advisors, Smart Contracts and Colored coins.
Fintech, has exploded over the last 5 years. The growth over years and to understand different types of Fintech companies from various sectors, the below infographic gives a clear insight. It also gives the spike in technology start-ups in 2012, or to see how new technology is reshaping the financial industry.
So far, the industry’s primary focus has been P2P lending and P2P wire transfers. Now the companies are moving towards areas like insurance, wealth management and corporate finance, the lesser ventured segments.
The visualization is appealing to me in multi-fold. It represents the data clearly separated as categories, shows the growth over years and presents the companies sorted per their sector and year.
img src: http://www.valuewalk.com/wp-content/uploads/2016/11/infographic-fintech.png
http://www.valuewalk.com/2016/11/financial-technology-fintech/
http://www.businessinsider.com/how-fintech-transforming-finance-2015-9
http://www.forbes.com/sites/nikolaikuznetsov/2016/11/22/the-next-phase-in-fintech/#736e473a4a29