The FinTech50

FinTech | The 50 Hottest FinTechs in the Crypto Industry

The Hottest News and Rankings in the Fintech and Crypto Industry

Bored of paperwork? Fed up with unclear bank policies? Angry about the exorbitant fees imposed by financial corporations? Then it’s time to say goodbye to traditional finance! 

Fintech, the rebellious offspring of Finance and Technology, is here to replace traditional finance. And if you’ve been living under a rock, let us explain more. 

Fintech is often defined as a portmanteau of finance and technology. Meaning? Fintech is basically any financial technology software or hardware that enables users to complete transactions, apply for loans, approve payments, use crypto exchanges, and so much more. All just a click away – 100% virtually!

Ready to learn more? Well, with us, you can stay up-to-date with the latest news, hot announcements, and crypto brokers of 2022.

Why Does Fintech Matter?

Businesses and big financial institutions have embraced fintech solutions, which has been facilitated further amid the ongoing global pandemic and economic crisis. In fact, the fintech sector is not reserved for innovative startups only anymore.

Established firms are also joining in! A couple of years ago, JP Morgan – once an opponent of cryptocurrency and emerging markets – invested $25 million in startup projects and crypto financial services.

And believe it or not, you are a big part of the industry. How? Well, just think about it! Your debit card and personal financial management for a start! Online banking, payment services, tax calculations, e-commerce, split the bill solutions, ATMs, robo advisors, Bitcoin trading – you name it! Though it takes the warm human contact out of the equation, fintech solutions speed up numerous financial processes and provide financial inclusion even for unbanked people, helping them access equal financial services.

In fact, cryptocurrency is often seen as a way to help people breach the wealth gap we are witnessing. Did you know that according to a Federal Reserve study conducted in 2017, the top 1% of America owned 38.5% of the country’s wealth, a percentage which has increased dramatically over the last two years and reached almost 80%? Fintechs play a crucial role, allowing low-income households and vulnerable populations access lending and insurance services, as well as advanced or emerging markets.

That’s right! Fintech is here and growing, and some of its prominent branches include wealthtech, insurtech, and more. And it’s growing fast! As per Ernst and Young’s Global FinTech Adoption Index data, fintech adoption has increased from 16% in 2015 to 64% in 2019. 

The best part is that cryptocurrencies and blockchain technologies are helping the fintech industry grow at an X faster rate. 

Surprising? Not at all! The global crypto market is expected to hit $4.94 billion by 2030. On the other hand, stats show that blockchain and regtech are the fastest-expanding areas in the fintech area. Blockchain technology may even hit $20 billion in the next two years, as per expert estimates.