FinTech companies have never been just a trend. It was noticeable, a few years ago, that they would be speeded perfectly.
Our transactions with banks became more and more remote, electronic payments and mobile wallets entered in our daily life, people began to look for new forms of lending (P2P Lending), investments became digital and automated control of financial transactions (Robo-Advisors) became a necessity.
According to the Pulse of Fintech H2'20;
KPMG's semi-annual report on global investment trends in FinTech, global Fintech financing through acquisitions and mergers (M&A), private equity (PE) and venture capital (VC) amounted to USD 105 billion through 2,861 transactions in 2020, making it the third highest level of Fintech investment ever recorded.
The future of the Fintech industry looks shinning and growing rapidly on the back of rise of start-ups in Fintech industry, penetration of smartphone users, continuous build-up of the digital infrastrucure and over all streamling of financial process in many industries.
Due to the growing demand for digital payments, contactless payments and e-commerce platforms, investments in FinTech are expected to remain strong in 2021. Corporate investment is expected to be particularly strong as a well-established business which continues to accelerate their digital transformation efforts. Blockchain is also expected to gain power, as blockchain-based solutions and digital asset services become more popular.