Fintech companies have become increasingly popular over the past few years due to their convenience in executing financial transactions. The COVID-19 pandemic accelerated the use of fintech as it fulfilled consumers’ ever-increasing demand for payment simplicity, money management, and access to easy credit.
The industry’s growth is driven by newer trends such as buy-now-pay-later (BNPL), neo banks, and platform-as-a-service (PaaS). According to a Vantage Market Research report, the global fintech market is expected to grow at a CAGR of 19.8% to $332.50 billion by 2028.
