Established financial institutions, which were previously unwilling to embrace new ideas have now been battling startups and building fintech applications.Īccording to a Research report, the fintech apps size will grow to $305 billion by 2025. For certain players in the finance industry switching to a digital-only format has become essential to their survival. It’s not a secret that the COVID-19 virus has led to the spread among the most promising Fintech developments. In this article, we’ll discuss the top 13 Fintech apps that are currently on the market. It is expected to continue growing as more and more mobile users save their financial data on their phones for future transactions. The total contribution from China totalled $25.5 billion, and of that over half ( $ 14 billion) comes coming from Ant Financial of Alibaba group. In the year 2019, Fintech companies reached up to the sum of 55.3 billion in investment. According to Brisk Logic Research, by 2027 the number of users will reach 2 billion people using applications for mobile banking.
Fintech startups were created in response to the necessity of having more efficient financial systems.Įntrepreneurs came together with finance and banking and launched Fintech companies around 12 years ago. Electronic transactions are now simpler for consumers due to the industry. Fintech Apps that Could Inspire Your Startup Ideation?įintech applications also called financial technology applications are gaining popularity today because they have revolutionized how businesses operate.
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