The fintech industry has been witnessing immense growth amid the increasing digitalization processes caused by the pandemic. This industry is estimated to grow substantially in the next four years due to the high investment in technology-based solutions, enabling the global fintech market to reach $324 billion by 2026 with a CAGR of 23.4%.
However, the fintech industry is currently experiencing a pullback from its November highs due to the increasing industry regulations and industry-specific challenges, as evidenced by the 17% loss in the Global X FinTech Thematic ETF (FINX) over the past month.
