Farmington, March 9, 2023 (GLOBE NEWSWIRE) — The FinTech investment market The size is estimated to be worth USD 49920 million in 2022 and is projected to an adjusted size of USD 113670 million by 2030 with a CAGR of 14.7% during the forecast period. Financial technology, also called “FinTech” or “fintech”, is a new technology that aims to compete with traditional ways of doing business in the financial sector. FinTech is a new industry that improves financial events using technology.
Financial technology, or FinTech, is when technology and financial services are used together. Fintech usually refers to financial solutions that are built on very new and innovative technologies. It is interesting that non-financial startups are leading the fintech ecosystem and shaking up the entire financial industry by focusing on how consumers’ banking habits are changing. But ultimately, financial institutions are the ones who benefit the most from fintech.
Request sample copy of report “FinTech Investment Market Size, Share and Trend Estimates Report by Type (Crowdfunding, Peer-to-Peer Lending, Online Procurement and Mobile Wallets, MSME Services, MPOS, MobileFirst Banking, Bitcoin, Others), by Technology (Internet of Things (IoT) , Artificial Intelligence, 5G, Big Data, Blockchain, Open Banking, Others), by Application (Enterprise, SMB, Others), by Region and Segment Forecasts, 2023-2030”, published by Contrive Datum Insights.
Recent developments:
- Ant Technology Group Co. Ltd. – The company builds the infrastructure and platform for digital transformation of the service industry and also offers equal access to green and sustainable finance and other services.
Segment overview:
Type insight:
The P2P lending segment accounted for more than 56% of the market and is expected to continue to lead the market. P2P lending is one of the most popular ways for borrowers to get loans. It includes borrowers, P2P lending platforms and investors in the market, so investors can see exactly how risky their investments are.
Application Insights:
In 2020, the large enterprise segment accounted for more than half of the market, and this is likely to remain the case during the forecast period. Large companies are using FinTech more and more because e-commerce is becoming more and more popular.
Market dynamics:
Drivers:
One of the main things helping the fintech investment market to grow is that banking services are becoming more and more independent. During the forecast period, it is expected that the top banks will come up with strategic ways to deal with the competition from fintech platforms, such as developing payment technologies for smartphones. Searching for stock investments is now done online, where many venture capitalists are making investments in the market. Angel List is a large business angel network and other services help investors get their money back. Bitcoin is an online payment system that uses software and online transactions to make payments. It is a new type of cryptocurrency that is safe and can be bought with regular money. Peer-to-peer technology enables people to send and receive Bitcoins. Some companies, such as Microsoft, put money into virtual currencies, while others, such as Apple and Google, work with online wallets. During the forecast period, the market is likely to be most interested in these factors driving the adoption of blockchain technology and digital wallets.
Trend:
The growth of the fintech investment market is driven by key trends such as innovation and growth. New York, Silicon Valley, London and Australia all have fintech startups doing well in business. Their customers choose services such as technology-assisted payments, currency exchange, crowdfunding, online lending and wealth management. This gives fintech startups a head start on banks and financial systems that have been around for a long time. In 2011, investors did not put much money into the Fintech industry because banks focused on cutting costs to continue making money after the global financial crisis of 2008. Few people were willing to invest in or use new and innovative technology. But today’s market picture is better because the industry is putting out new technology products. Major banks help fintech companies start up, invest in them or partner with them. This trend shows that financial institutions are using digital transformation to increase the value of their brands.
Challenge:
One of the main things holding back growth in the fintech investment market is privacy and security concerns. Payment service providers may collect personal data and information about their customers to customize advertising messages and target their most valuable customers. Service providers can use these methods to learn more about customers’ profiles, behavior and data mining. However, if this information is used without consideration, it can harm the privacy of customers. There are also privacy concerns with location-based services, such as offers and services that are based on geo-based information in real time. As the data from smartphones is processed and stored by the provider, it can be used in bad ways. Because smartphones are used to make financial transactions in real time, data theft, which is common in the virtual world, can cost customers money and damage the reputation of service providers. People are afraid to shop online because of these risks, which could be bad for the fintech platform market.
Regional Outlook:
The global fintech investment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa based on location. The North American market brings in the most money of any regional market in the global fintech investment market. Existing financial services in the area are at risk because so many new technical support companies have entered the financial services market. Through several fintech networks, some new businesses in the area are starting to offer loans for, among other things, education. This is a big part of why the North American fintech investment market is growing. During the forecast period, there are also likely to be many mergers and acquisitions in the North American FinTech investment market. As open banking and other regulatory changes reshape the financial services industry in the region, the Asia-Pacific fintech investment market is expected to grow the fastest over the next few years.
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Scope of the report:
| Report Attributes | Details |
| Growth rate | CAGR of 14.7% from 2023 to 2030. |
| Revenue forecast by 2030 | USD 113670 million |
| By type | Crowdfunding, Peer-to-Peer Lending, Online Shopping & Mobile Wallets, MSME Services, MPOS, MobileFirst Banking, Bitcoin, Others |
| Of technology | Internet of Things (IoT), Artificial Intelligence, 5G, Big Data, Blockchain, Open Banking, Other |
| Upon application | Large companies, SMEs, others |
| Of companies | Oscar, Qufenqi, Wealthfront, ZhongAn, Atom Bank, Avant, Funding Circle, Klarna, Kreditech, OurCrowd, WeCash, H2 Ventures, KPMG |
| Regions and countries covered |
|
| Foundation year | 2022 |
| Historic year | 2017 to 2022 |
| Forecast year | 2023 to 2030 |
Key segments covered:
Top players on the market:
Oscar, Qufenqi, Wealthfront, ZhongAn, Atom Bank, Avant, Funding Circle, Klarna, Kreditech, OurCrowd, WeCash, H2 Ventures, KPMG and others.
By type
- Crowdfunding
- Peer-to-Peer Lending
- Online acquisition and mobile wallets
- MSME services
- MPOS
- MobileFirst Banking
- Bitcoin
- Others
Of technology
- Internet of Things (IoT)
- Artificial intelligence
- 5G
- Big Data
- Blockchain
- Open bank
- Others
Upon application
- Large companies
- SMEs
- Others
Regions and countries covered
- North America: (USA, Canada, Mexico, rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic countries, Benelux Union, Rest of Europe)
- Asia Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- The rest of the world
Check out more related studies published by Contrive Datum Insights:
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- The machine learning (ML) market – The global machine learning (ML) market was valued at USD 15.44 billion in 2021. The market is expected to grow from USD 21.17 billion in 2022 to USD 209.91 billion by 2030, showing a CAGR of 38.8% during the forecast period .
- Healthcare Cloud Computing Market – The global healthcare cloud computing market size was valued at USD 35.61 billion in 2022 and forecast to surpass USD 127.04 billion by 2030 with a recorded CAGR of around 17.2% during the forecast period 2022 to 2030 .
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