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Saturday, 17 July 2021

Fintechs are becoming part of the establishment

Fintechs are inexorably gaining critical mass: their value has risen to $1.1trn, equivalent to 10% of the value of the global banking and payments industry, and up from 4% in 2018. Prices may be stretched today and some firms may flop, but in the long run it seems likely that this share will only rise further.
Firms’ expansion plans and investors’ search for returns bring a blizzard of deals and listings.

What are the main trends? Who are the big players? Where is fintech heading?

Answers to this and more in The Economist's "Investment in fintech booms as upstarts go mainstream"