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Fintech - statistics & facts

Fintech is a term used to describe the companies operating in the financial technology sector. It relates mainly to small start-up companies, which develop innovative technological solutions in such areas as online and mobile payments, big data, alternative finance and financial management. A good overview of fintech with a B2C focus, including market size, business models, consumer views, blockchain technology and company profiles can be found in our In-depth Report: fintech. In 2018, approximately 70 percent of senior banking executives said that collaborating with fintechs and bigtechs to create a new service was an important opportunity for banks.

Investment into the fintech sector has grown in significance in recent years. Globally, the value of investment in fintech companies amounted to approximately 112 billion U.S. dollars in 2018, which was a record high for the sector. The annual value of global venture capital investment in fintech companies is increasing, and doubled between 2017 and 2018, though it fell slightly in 2019.

The global growth of fintech is dependent on its growth in individual markets, which differs greatly. As of February 2020, North America was the most popular location for fintech startups. However, fintech adoption rates in various financial sectors show that the U.S. consumers lag behind Chinese consumers.

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