Fintech is a booming industry

Fintech is a growing industry and investments to grow it even bigger are increasing at a rapid pace. This article talks about how investments in Fintech are growing across the world which could result in a revolutionary 2017. As we know Fintech is a growing and has influenced the investment industry, money transfer, payments, insurance and almost every other banking service. There are Fintech startups across the world that are making banking services simpler for the everyday user. Millennials across the world have become accustomed to services like Venmo, Robinhood and Ant Financial. As Fintech is growing the existing popular Fintech service providers are trying to gain more and more market share of this industry. In the past year Fintech has grown a massive 11% or 17.4 billion dollars of which united states is responsible for 6.7 billion across 650 companies and china is responsible for 7.2 billion across 28 companies. Fintech is helping developing countries across south east Asia to introduce simpler net banking solutions to even the rural areas which were not accessible previously. Investments in these Fintech startups is growing. This shows how Fintech is growing as a industry and companies that are doing well with their security and simplicity of their services are in line to become leaders of this industry.

 

https://www.forbes.com/sites/lawrencewintermeyer/2017/02/17/global-fintech-vc-investment-soars-in-2016/#5bdffa332630