Fintech - Statistics & Facts

Fintech - Statistics & Facts

Statistics and facts on Fintech

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. As of February 2015, bank spending on new technologies in North America was projected to reach 17 billion U.S. dollars in 2015 and increase to 19.9 billion in 2017.

On a global scale, the value of investment in financial technology ventures amounted to approximately three billion U.S. dollars in 2013 and was projected to grow to around eight billion U.S. dollars in 2018.

The value of worldwide investment in Fintech companies focusing on P2P lending, online lending and scoring amounted to approximately 1.82 billion U.S. dollars in 2014. In the case of global companies specializing in Bitcoin payments, 2014 investments were less substantial, reaching approximately 318.76 million U.S. dollars. Xapo and Bitfury proved to be the leading Bitcoin companies in 2014 in terms of investment value. Around 40 million U.S. dollars was invested in each one of them separately. In general terms however, Adyen was the Fintech company which attracted the largest value of investors’ money in 2014. This company, specializing in online payments, received approximately 250 million U.S. dollars of investment. As far as revenues were concerned, Tata Consultancy Services, operating in the area of banking and payment technologies, was the leading Fintech company in 2015 with revenues of 15.06 billion U.S. dollars.

The United States was the leading Fintech country in 2014. The value of investment in U.S. financial technology companies reached approximately 3.97 billion U.S. dollars. Silicon Valley, New York and London were the leading world Fintech locations that year.

Picture: Wikimedia/cc, TechGizmo; / LotusHead

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