Fintech impacts our lives as a consumer and how we handle money: how we save, how we borrow, how we manage, how we purchase. Financial technology (or in short, fintech) is the technology and innovation that seeks to improve and automate the delivery of financial services.
US$305 billion
Global Fintech Market’s
value by 20251.
The mobile app market will
generate a revenue of
$693 billion in 20212.
From US$400 billion to over
US$900 billion worth of
cashless transactions3.
The Directors believe that technology will increasingly disrupt traditional financial services and the fintech sector will grow exponentially from where it is today. Fintech Asia are interested in acquiring businesses in the fintech sector that offer innovative and disruptive solutions that solve real world challenges and improve the quality of life of consumers, for example, in mobile banking, digital payments and blockchain related technologies.
01.
Innovations
Technological transformation is changing many aspects of how people live and work, in particular financial services. Innovations in financial technology like mobile banking, digital payments and blockchain are taking us into a new era of disruption.
02.
Global Fintech Market
The global fintech market was estimated to be worth US$127 billion in 2018 and it is anticipated to grow at a CAGR of 24.8% reaching a market value of US$ 310 billion by 2022, according to a white paper by Infobip.
03.
Disruptive
Many established companies are disrupting or improving the financial services industry by using technology to serve their large, existing client base. These companies provide the crucial technology to support and develop Fintech companies’ digital presence via various channels and devices.
04.
High-Growth Potential
The Fintech space is an area with high-growth potential: such firms look to fill the gap left by banks’ withdrawal from small- and medium-sized enterprise (SME) lending, while also providing solutions in payment processing and workflow streamlining.