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Value of global investment in Fintech companies 2013-2018

Value of global investment in Financial Technology ventures in 2013 and 2018 (in billion U.S. dollars)

by Statista Research Department, last edited Oct 20, 2014
Value of global investment in Fintech companies 2013-2018 The total global investment in financial technology (Fintech) ventures was forecasted to be eight billion U.S. dollars in 2018. This is a stark increase from the three billion U.S. dollars spent in 2013, indicating that Fintech is an expanding sector.
What is Fintech?

Fintech is a term for all financial applications of new technology, from peer to pear loans to mobile payments. There are thousands of Fintech startups worldwide. The widespread nature of these is due in part to the proliferation of the mobile phone, and more specifically the smartphone.

The reaction to Fintech

Fintech firms face several factors deterring consumers from using their services, from trust and security concerns to the customer wanting to remain with traditional financial institutions. As can be expected with technology, familiarity with Fintech also depends on age. These problems are unlikely to deter investors, however. As the technology improves, the track record of Fintech firms will also improve, and more consumers should be willing to enter the market. As of 2017 though, vast majority of Fintech companies preferred to collaborate with established market players instead of carrying business on their own.
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Value of global investment in Financial Technology ventures in 2013 and 2018 (in billion U.S. dollars)

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