Financial Services

Financial services comprise one of the most important and influential sectors of the economy. They provide financial services to people and corporations and make up an essential part of our everyday life. The financial services sector is a primary driver of a country’s economy, as it provides the free flow of capital and liquidity in the marketplace.

Financial services refer to a broad range of businesses that manage money. These include, for instance, commercial banks, investment banks, credit unions, insurance companies, stock brokerages, and asset managers. In recent years, there has been an increasing focus on financial technology (fintech) within the financial services sector, which refers to technology used to augment, streamline, digitize or disrupt traditional financial services.

Largest payment card brand worldwide
Visa
Leading region for venture capital financing worldwide
North America
Global investments in fintech companies
226.5bn USD

Market size

Saudi Aramco is the largest IPO globally

Largest IPOs worldwide as of June 2022 (in billion U.S. dollars)

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Further details: Visit original statistic Largest IPOs worldwide as of June 2022 (in billion U.S. dollars)

Private companies can grow through an initial public offering (IPO), which is when the company offers shares to the public for the first time through a stock exchange to raise money. The largest IPO worldwide as of June 2022 was of Saudi Aramco, a Saudi Arabian multinational petroleum and natural gas company. Their IPO raised around 26.6 billion U.S. dollars in December 2019.

IPOs in the U.S.
IPOs in China
IPOs in Europe

Market segments

Which company is the highest valued unicorn globally?

Leading unicorns worldwide as of July 2022 (in billion U.S. dollars)

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Further details: Visit original statistic Leading unicorns worldwide as of July 2022 (in billion U.S. dollars)

A unicorn is a privately owned company with a market value of over one billion U.S. dollars. As of 2021, the Chinese fintech company, ByteDance, was the highest valued unicorn worldwide. ByteDance, that owns Tiktok, was valued at approximately 350 billion U.S. dollars by venture capital firms in 2021.

Unicorns worldwide
Leading unicorns in China
Number of unicorns around the world

Industry trends

Fintech is a rapidly growing industry

Number of fintech startups worldwide from 2018 to 2021, by region

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Further details: Visit original statistic Number of fintech startups worldwide from 2018 to 2021, by region

With the increasing trend of ecommerce purchases and mobile payments, fintech is a rapidly growing industry serving both consumers and businesses. The new technological solutions developed for the financial services industry are mostly made by startup companies. There were almost 11,000 fintech startups in the Americas in 2021, which is the leading region for fintech startups in the world.

Fintech
Fintech in Europe
Fintech in China

Industry leaders

PayPal continues to grow their customer base

Global user number of PayPal from 1st quarter 2010 to 3rd quarter 2022 (in millions)

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Further details: Visit original statistic Global user number of PayPal from 1st quarter 2010 to 3rd quarter 2022 (in millions)

One of the most popular online and mobile payment systems around the globe is PayPal. After more than a decade of continuous growth in number of users, the online payment provider had 429 million active user accounts as of the first quarter of 2022. The company was founded in 1998 and provides online money transfers and payment processing for online vendors and other commercial users.

PayPal
Mobile payments worldwide
Apple Pay

Unique aspect of the industry

The largest acquisition deal in history

Largest merger and acquisition transactions worldwide as of February 2022 (in billion U.S. dollars)

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Further details: Visit original statistic Largest merger and acquisition transactions worldwide as of February 2022 (in billion U.S. dollars)

The world’s highest valued merger and acquisition transaction was Vodafone AirTouch PLC’s takeover of Mannesmann AG in 1999. The deal reached a transaction value of 202.8 billion U.S. dollars, and no larger merger and acquisition deal has taken place since. The financial advisor of Vodafone for the acquisition was Goldman Sachs Group Inc., which is the second largest financial advisor to M&A deals worldwide, after the leader JPMorgan.

Mergers and acquisitions
Mergers and acquisitions in Europe
Mergers and acquisitions in the U.S.

State of the industry

  • Mobile payments in the United States
  • Mobile payments in the United Kingdom (UK)
  • Credit cards worldwide
  • Credit cards in the United States
  • Digital payments in China
  • Debit cards
  • Venture capital worldwide
  • Venture capital in North America
  • Venture capital Europe
  • Venture capital in Latin America
  • Private equity and venture capital in India

Industry Definition

The financial services section covers a broad range of statistics and facts on wide variety of sectors. These sectors include corporate financing, fintech, loans and leasing, mergers and acquisitions and private equity, payments, and savings and debt.

More interesting topics from the industry "Financial Services"

More interesting topics from the industry "Financial Services"

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