43 Fintech Statistics For 2024 (Startups, Financials & Trends)

What is Fintech? Fintech is a combination of two words, financial and technology. Fintech companies are providing financial and banking services to their customers through software. 

With innovations, the world is experiencing new technologies. People have adopted online banking and financial services across the world. 

With the increasing use of online banking and financial services, investors started investing in Fintech companies. Many countries are supporting this industry.

Fintech startup culture is growing rapidly as the scope of this sector is increasing. 

In this article, we will see all the important statistics related to Fintech startup statistics. 

Fintech Startups Statistics 2024 (Top Picks)

Fintech startups are transforming the financial industry. Here are the latest statistics on their growth, funding, and 2024 trends.

  1.  Currently, there are more than 26,300 fintech startups in the world as of 2024.
  1. There are over 10,755 Fintech Startups in the United States as of the beginning of 2024.
  1. The revenue of the Fintech Industry is predicted to reach $201.91 billion in 2024.
  1.  The experts predicted that the revenue of the Fintech industry will reach $201.91 billion by 2024
  1. The experts projected the CAGR of the Fintech industry will grow at 11.7% from 2017 to 2024
  1. The revenue of the Fintech industry has grown by almost 100% from 2017 to 2023
  1. 36.75% of the Fintech investment deals were in the United States in 2022.
  1. 4 out of 10 financial service organizations say blockchain technology will change the way how service is delivered.
  1. Stripe is the top Fintech startup in the United States, with a $95 billion market value as of 2023
  1. Globally, an average of 64% of consumers adopted Fintech services.
  1. 46% of consumers adopted Fintech in the United States. 
  1. 75% of global customers use a payment and money transfer Fintech service. 
  1. 75% of Fintech companies hire staff and create job opportunities related to Fintech. 
  1.  25% of global SMEs have adopted Fintech services. 
  1. ⅔ of financial transactions’ mode of payment is online. 

General Fintech Startups Statistics (2024)

  1. There are more than 26,300 fintech startups in the world as of 2024.

Here is a table showing the number of Fintech startups worldwide from 2020 to 2023. 

YearNumber Of Fintech Startups
202012,131
202112,211
202220,925
202326,346
  1. There are 9,323 Fintech Startups in the region of EMEA as of 2023. 

Here is a table showing the number of Fintech startups from 2020 to 2023 by region. 

YearEMEAAPAC
20203,5812,864
20213,5832,849
20227,3854,765
20239,3236,368
  1. There are over 10,755 Fintech Startups in the United States as of the beginning of 2024. 

Here is a table showing the number of Fintech Startups in the United States from 2022 to 2023. 

YearNumber Of Fintech Startups
20205,686
20215,779
20228,775
202310,755
  1. Fintech startups increased by over 50% in the last two years ( from 12,000 fintech startups to 26,000). 
  1. Only 4% of people are unaware of money transfers and payments. 

Here is a table showing how many people are aware and unaware of Fintech services. 

Fintech ServicesAware About FintechUnaware About Fintech
Money transfer and payments96%4%
Financial and Budgeting planning71%29%
Investments and Savings78%22%
Borrowing76%24%
Insurance86%14%

Source: explodingtopics.com, Statista, asset.ey.com.

Fintech Industry Size Statistics

The fintech industry’s size is increasing year by year. From 2017 to 2023, the market size of the Fintech industry has grown by almost 100%. 

Fintech Industry Size Statistics

The experts also predicted that the Fintech industry size is expected to increase rapidly in the coming years. 

In this section, we will see all the important statistics about the fintech industry size. 

  1. The Fintech industry revenue is $186.87 billion as of 2023
  1. The experts predicted that the revenue of the Fintech industry will reach $201.91 billion by 2024
  1. The experts projected the CAGR of the Fintech industry will grow at 11.7% from 2017 to 2024
  1. The revenue of Fintech Industry is predicted to reach $201.91 billion in 2024.

Here is a table showing the total revenue of the Fintech industry from 2017 to 2024. 

YearRevenue
2017$85.92 billion
2018$98.80 billion
2019$115.99 billion
2020$135.32 billion
2021$153.58 billion
2022$170.76 billion
2023$186.87 billion
2024*$201.91 billion

*Projected

  1. The revenue of the Fintech industry has grown by 10.1% from 2022 to 2023

Here is a table showing the increased percentage of revenue of the Fintech industry from 2017 to 2024. 

YearPercentage Of Change In Revenue Over Time
2017
2018+15.4%
2019+14.7%
2020+18.9%
2021+13.5%
2022+10.5%
2023+10.1%
2024*+8%

*Projected

  1. The total revenue of the Fintech Industry in the United States is $65.51 billion as of 2023
  1. The experts predicted the revenue of the Fintech industry in the United States will reach $67.55 billion by 2024

Here is a table showing the revenue of the Fintech industry in the United States from 2017 to 2024. 

YearRevenue
2017$31.14 billion
2018$37.59 billion
2019$45.11 billion
2020$52.62 billion
2021$59.07 billion
2022$62.29 billion
2023$65.51 billion
2024*$67.66 billion

*Projected

  1. The Fintech industry’s revenue in the EMEA region is $30.7 billion as of 2023
  1. The Fintech industry’s revenue in the APAC region is $91.29 billion as of 2023

Here is a table showing the Fintech industry’s revenue in the EMEA and APAC regions from 2017 to 2024. 

YearRevenue of EMEARevenue of APAC
2017$20.41 billion$34.37 billion
2018$21.48 billion$40.81 billion
2019$22.55 billion$48.33 billion
2020$24.70 billion $57.99 billion
2021$25.78 billion$68.73 billion
2022$27.92 billion$79.47 billion
2023$30.07 billion$91.29 billion
2024*$31.14 billion$103.10 billion

*Projected

Source: Deloitte.

Fintech Investment Statistics

The Fintech industry’s scope is increasing. Due to this, investment in the Fintech industry is growing day by day. 

People got to use the new online financial and banking services. More than 60% of people in the world have adopted Fintech. 

Fintech Investment Statistics

In this section, we will see some of the important and interesting statistics about Fintech investment. 

  1. The investment in the Fintech companies was $164.1 billion in 2022
  1. The investment in the Fintech companies was highest in 2021, with a $238.9 billion investment.
  1. The investment in the Fintech companies was lowest in 2012, with a $4 billion investment

Here is a table showing the total investment in the Fintech Companies from 2010 to 2022. 

YearInvestment In The Fintech Companies
2010$9 billion
2011$6 billion
2012$4 billion
2013$18.9 billion
2014$45.4 billion
2015$67.1 billion
2016$63.4 billion
2017$59.2 billion
2018$148.6 billion
2019$216.8 billion
2020$124.9 billion
2021$238.9 billion
2022$164.1 billion
  1. In the United States, the investment in Fintech companies was $68.6 billion in 2022

Here is a table showing the investment in Fintech companies from 2019 to 2022. 

YearInvestment In Fintech Companies
2019$118.3 billion
2020$81.5 billion
2021$108.9 billion
2022$68.6 billion
  1. In the region of EMEA, the investment in Fintech companies was $44.9 billion in 2022.
  1. In the region of Asia Pacific, the investment in Fintech companies was $50.5 billion in 2022

Here is a table showing the investment in fintech companies in the region of EMEA from 2019 to 2022.

YearInvestment in Fintech Companies In The Region EMEAInvestment In Fintech Companies In The Region Of Asia Pacific
2019$68.1 billion$30.4 billion
2020$28.2 billion$15.2 billion
2021$79 billion$50.2 billion
2022$44.9 billion$50.5 billion
  1. In the Q4 of 2022, the Fintech investment deal was 35% in the United States. 

Here is a table showing the share of the Fintech investment deals in the United States from Q1 of  2018 to Q4 of 2022. 

QuarterShare Of An Investment Deal In The United States
Q1 of 201840%
Q2 of 201840%
Q3 of 201836%
Q4 of 201838%
Q1 of 201939%
Q2 of 201938%
Q3 of 201936%
Q4 of 201936%
Q1 of 202039%
Q2 of 202036%
Q3 of 202037%
Q4 of 202037%
Q1 of 202139%
Q2 of 202138%
Q3 of 202138%
Q4 of 202135%
Q1 of 202235%
Q2 of 202238%
Q3 of 202239%
Q4 of 202235%
  1. 36.75% of the Fintech investment deals were in the United States in 2022. 

Here is a table showing the share of Fintech investment deals in 2022 by region.

RegionShare Of The Fintech Investment Deals
The United States36.57%
Asia24.75%
Europe22.75%
Latin America6.5%
Others9.25%
  1. Globally, the volume of Venture Capital investment in the Fintech sector was $121.5 billion in 2021

Here is a table showing the volume of venture capital investment in the Fintech sector globally from 2014 to 2021. 

YearVolume Of Venture Capital Investment In The Fintech Sector
2014$8 billion
2015$17.3 billion
2016$20.4 billion
2017$23.4 billion
2018$53.2 billion
2019$45.6 billion
2020$46.5 billion
2021$121.5 billion
  1. Globally, the volume of private equity investment in the Fintech sector was $12 billion in 2021

Here is a table showing the volume of private equity investment in the Fintech sector globally from 2014 to 2021. 

YearVolume Of Private Equity Investment In The Fintech Sector
2014$4 billion
2015$2.5 billion
2016$2 billion
2017$1.4 billion
2018$5.2 billion
2019$3.4 billion
2020$3.6 billion
2021$12 billion
  1. Globally, the volume of merger and acquisition investment in the Fintech sector was $93.1 billion in 2021

Here is a table showing the volume of merger and acquisition investment in the Fintech sector globally from 2014 to 2021. 

YearThe Volume Of Merger And Acquisition Investment In The Fintech sector
2014$33.4 billion
2015$47.3 billion
2016$41 billion
2017$35.4 billion
2018$90.2 billion
2019$166.2 billion
2020$77.6 billion
2021$93.1 billion

Source: Statista. 

Users Also Read: Startup Failure Statistics

Fintech Funding Statistics

The fintech industry is continuously growing. Due to this, the need for funding to support and develop this industry is rising. 

Fintech Funding Statistics

In this section, we will see all the important statistics about Fintech funding.

  1. Fintech Startups hit $121.70 billion in funding as of 2023. 
  1. The funding increased by $20 billion in a year
  1. The total virtual capital funding of Fintech was 80.5 billion in 2022
  1. The virtual capital funding of Fintech decreased by $42.4 billion from 2021 to 2022

Here is a table showing the total virtual capital funding of Fintech from 2014 to 2022. 

YearVirtual Capital Funding Of Fintech
2014$8 billion
2015$17.3 billion
2016$20.4 billion
2017$23.4 billion
2018$48.33 billion
2019$45.6 billion
2020$47.1 billion
2021$122.9 billion
202280.5 billion
  1. In 2022, $40.3 billion in virtual capital funding was in America. 

Here is a table showing the virtual capital funding of America from 2019 to 2022. 

YearVirtual Capital Funding Of Fintech
2019$19.4 billion
2020$24.6 billion
2021$67.2 billion
2022$40.3 billion

Here is a table showing the virtual capital funding of Europe, the Middle East, and Africa from 2019 to 2022. 

YearVirtual Capital Funding Of Fintech
2019$8.5 billion
2020$10.4 billion
2021$31.7 billion
2022$25 billion

Here is a table showing the virtual capital funding of Asia Pacific from 2019 to 2022. 

YearVirtual Capital Funding Of Fintech
2019$17.7 billion
2020$12 billion
2021$23.9 billion
2022$15 billion
  1. 56.30% of the virtual capital funding of Fintech is in North America.

Here is a table showing the share of regions in virtual capital funding of Fintech. 

RegionVirtual Capital Fundings Of The Fintech
North America56.30%
Europe22.20%
Asia16.10%
South America4.40%
Australia0.80%
Africa0.20%
  1. Capital markets received $2.30 billion, the most virtual capital funding in Fintech in 2022. 

Here is a table showing the total breakdown of the Fintech virtual capital funding. 

Sectors Of FintechVirtual Capital Funding
Capital Market$2.30 billion
Payment$20.80 billion
Wealth Management$8.80 billion
Digital Lending$11.50 billion
Banking$9.40 billion
Insurance$8.40 billion

Source: explodingtopics.com, Statista.

Fintech Deals Statistics

In this section, we will see all the important statistics about the largest, average and median fintech deals in the world. 

Without wasting time, just scroll down and see interesting statistics. 

Fintech Deals Statistics
  1. Avalara-regtech was the largest fintech deal in the United States, with an $8.3 billion transaction value in 2022

Here is a table showing some of the top 10 largest fintech deals in the United States in 2022. 

Fintech DealTransaction Value
Avalara-regtech$8.4 billion
Bottomline Technologies-Institutional/B2B$2.6 billion
Billtrust-payments$1.7 billion
Computer services-Institutional/B2B$1.6 billion
Genesis Digital Asset-cryptocurrency$1.05 billion
SimpleNexus-Lending$0.93 billion
Technisys-Institutional/B2B$0.92 billion
Ramp-Institutional/B2B$0.75 billion
Finxact-Institutional/B2B$0.67 billion
Cross River Bank-Institutional/B2B-$0.62 billion
  1. In America, there were 2,409 venture capital-backed investment deals in 2022. 

Here is a table showing the venture capital-backed investment deals in 2022 by region. 

RegionNumber Of Deals
America2,409
Europe, the Middle East, Africa1,621
Asia Pacific1,093
  1. Globally, the median deal size in the fintech sector was $4.3 million in 2022

Here is a table showing the median deal size in the fintech sector globally from 2018 to 2022. 

YearMedian Deal Size In The Fintech Sector
2018$3.2 million
2019$4 million
2020$4 million
2021$5 million
2022$4.3 million
  1. Globally, the average deal size in the fintech sector was $18.7 million in 2022

Here is a table showing the average deal size in the fintech sector globally from 2018 to 2022. 

YearAverage Deal Size In The Fintech Sector
2018$15.3 million
2019$19 million
2020$18 million
2021$31.4 million
2022$18.7 million

Source: Statista.

Fintech Blockchain Statistics

Blockchain is a game changer in the world of Fintech. Fintech blockchain offers more transparent, faster, secure and affordable services to their customers. 

In this section, we will see all the important statistics about the Fintech Blockchain. 

  1. 4 out of 10 financial service organizations say blockchain technology will change the way how service is delivered.
  1. It is predicted that 10% of people in the world own some form of cryptocurrency. 
  1. The spending on blockchain solutions was $6.60 billion in 2021
  1. The experts predicted that the spending on blockchain solutions will be $19 billion by 2024
  1. Globally, the venture capital funding in blockchain startups was $2.6 billion in 2021

Here is a table showing the venture capital funding in blockchain startups in the world from 2016 to 2021. 

YearVenture Capital Funding In Blockchain Startups
2016$0.8 billion
2017$1.1 billion
2018$3.3 billion
2019$2.1 billion
2020$2.3 billion
2021$2.6 billion
  1. The share of Bitcoin in the market is 38.02% as of 2023

Here is a table showing the dominance of Bitcoin in the market from 2013 to 2023. 

YearMarket Share Of Bitcoin
201394.62%
201491.62%
201583.4%
201683.64%
201739.14%
201843.58%
201961.71%
202063.93%
202144.94%
202241.12%
202338.02%

Source: siegemedia.com, Statista.

Leading Fintech Companies Statistics

While examining the Fintech Startup statistics, it is important to know the leading Fintech companies in the world and in the United States. 

Leading Fintech Companies Statistics

In this section, we will also see the leading Fintech Startup companies in the world. 

  1. Stripe is the top Fintech startup in the United States, with a $95 billion market value as of 2023

Here is a table showing the top 15 Fintech startups in the United States as of 2023. 

RankTop Fintech Startups In The United States
1.Stripe
2.Chime
3.Plaid
4.SoFi
5.Coinbase
6.Ripple
7.Toast, Inc.
8.Spur
9.Credit Karma
10.Opendoor
11.Root
12.Paydient
13.Kraken
14.Robinhood
15.Brex
  1. Stripe is a top Fintech company in the United States as of 2023. 

Here is a table showing the top 10 largest Fintech companies in the United States.

RankThe Largest Fintech Companies In The U.S.Market Value
1.Stipe$95 billion
2.Klarna$46 billion
3.FTX$32 billion
4.Chime$25 billion
5.Ripple$15 billion
6.Blockchain$14 billion
7.Plaid$13.4 billion
8.OpenSea$13.3 billion
9.Brex$12 billion
10.GoodLeap$12 billion
  1. 9 out of 20 top fintech companies by market cap are American-based in the world.
  1. Visa is the leading Fintech company in the world, with a $463.733 billion market cap. 

Here is a table showing the top Fintech companies in the world. 

Top Fintech CompaniesMarket CapType Of Company
Visa$463.733 billionPaytech
Mastercard$346.293 billionPaytech
Tencent$174.055 billionRegtech
Ant Financial$151 billionOpen Banking
Intuit$115.509 billionAccounting
PayPal$85.181 billionPaytech
Fiserv$74.024 billionOpen Banking
Stripe$74 billionPaytech
Square$48.011 billionPaytech
Adyen$45.161 billionPaytech
Nubank$41.500 billionChallenger Bank
Checkout.com$40 billionPaytech
Revolut$33 billionChallenger Bank
Chime$25 billionChallenger Bank
Polygon$20 billionBlockchain
Rapyd$15 billionPaytech
Ripple$15 billionPaytech
Ripple$15 billionCryptocurrency
Coinbase$14.480 billionCryptocurrency
Blockchain.com$14 billionBlockchain
Plaid$13.400 billionOpen Banking
Opensea$13.300 billionCryptocurrency
Brex$12.300 billionChallenger Bank
Grab$12.191 billionInfrastructure
Grab$12.191 billionInfrastructure
Bolt$11 billionPaytech
Gusto$10 billionInfrastructure
KuCoin$10 billionCryptocurrency
GoTo$9.913 billionPaytech
Toast$9.735 billionPaytech
Bill.com$9.241 billionPaytech
Circle$9 billionPaytech
N26$9 billionChallenger Bank
Bullish$9 billionCryptocurrency
Ally Financial$8.985 billionChallenger Bank
Robinhood$8.633 billionWealthtech
SunUp$8.5 billionPaytech
UIPath$8.380 billionInfrastructure
Ramp$8.100 billionCryptocurrency
Fireblocks$8 billionCryptocurrency

Source: startuptalk.com, courses.cfte.education, explodingtopics.com, Forbes.com.

Fintech Adoption Rate Statistics

The adoption rate of Fintech services is increasing daily because Fintech services are faster, more secure and more affordable than traditional services. 

In this section, we will see the adoption rate of Fintech by country, sector, etc. 

  1. Globally, an average of 64% of consumers adopted Fintech services.
  1. 46% of consumers adopted Fintech in the United States. 

Here is a table showing the top countries in the world by the adoption rate of Fintech.

CountryFintech Adoption Rate
China87%
India87%
Russia82%
South Africa82%
Colombia76%
Peru75%
Netherlands73%
Mexico72%
Ireland71%
The United Kingdom71%
Argentina67%
Hong Kong67%
Singapore67%
South Korea67%
Chile66%
Brazil64%
Germany64%
Sweden64%
Switzerland64%
Australia58%
Spain56%
Italy51%
Canada50%
The United States46%
Bel $ Lux.42%
France35%
Japan34%
  1. 96% of global customers are aware of at least one Fintech service.
  1. 75% of global customers use a payment and money transfer Fintech service. 
  1. 48% of global customers use insurance Fintech services. 
  1.  25% of global SMEs have adopted Fintech services. 
  1. 23% of SMEs in the United States have adopted Fintech services. 

Here is a table showing SME Fintech adoption across the five countries. 

CountrySME Fintech Adoption
China61%
The United States23%
The United Kingdom18%
South Africa16%
Mexico11%
  1. 56% of SMEs use banking and payment Fintech services. 
  1. 46% of SMEs use Fintech financial services. 
  1. 66% of consumers said they adopted Fintech services due to the range of features and functionality of Fintech. 

Here is a table showing the reasons why people adopted Fintech. 

ReasonsShare Of Respondents
Fees and Rates39%
Range of features and functionality of Fintech66%
Ease in setting53%
Trust in provider31%
Availability of 24*7 hours of service55%
Compatibility with daily operations38%

Source: assets.ey.com.

Fintech Trends Statistics

The Fintech industry has given a tough challenge to the traditional financial and banking culture. Using Fintech services has now become a trend among people. 

In this section, we will see some of the interesting statistics about the Fintech Trends.  

  1. 75% of Fintech companies hire staff and create job opportunities related to Fintech. 
  1. Adoption of Fintech reached 64% as of 2023
  1. Money transfer and the payment adoption rate is 75%.
  1.  The Fintech insurance adoption rate is 27%
  1. The Fintech sector gets almost $50 billion in investment every year
  1. Two-thirds of financial transactions’ mode of payment is online. 

Source: balancingeverything.com.

Related Read:

About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top