TOP 5 Fintech Trends in Network Marketing

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The financial technology market is one of the fastest growing in the world. In the article, we have identified 5 main trends in the advancement of the FinTech industry that will determine its future.

What's happening in the fintech market now
Fintech is a term used to describe companies operating in the financial technology sector. Most often, these are small startups developing technological solutions in the field of online and mobile payments, big data, management, etc.

Here are some interesting facts that show the prospects facebook data of the industry:

As of 2022, the fintech industry is estimated to be worth $179 billion and is projected to reach $213 billion by 2024;

The global fintech market is expected to grow at a CAGR of 23.58% from 2021 to 2025 (Research and Markets data);

There are about 30 thousand fintech startups in total. Moreover, their number more than doubled between 2020 and 2022 (from 12 thousand to 30 thousand);

10 of the top 20 financial companies by market capitalization were founded in America;

The largest market for consumer adoption of financial products is China (87%), and the lowest is Japan (34%).