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.
- Currently, there are more than 26,300 fintech startups in the world as of 2024.
- There are over 10,755 Fintech Startups in the United States as of the beginning of 2024.
- The revenue of the Fintech Industry is predicted to reach $201.91 billion in 2024.
- The experts predicted that the revenue of the Fintech industry will reach $201.91 billion by 2024.
- The experts projected the CAGR of the Fintech industry will grow at 11.7% from 2017 to 2024.
- The revenue of the Fintech industry has grown by almost 100% from 2017 to 2023.
- 36.75% of the Fintech investment deals were in the United States in 2022.
- 4 out of 10 financial service organizations say blockchain technology will change the way how service is delivered.
- Stripe is the top Fintech startup in the United States, with a $95 billion market value as of 2023.
- Globally, an average of 64% of consumers adopted Fintech services.
- 46% of consumers adopted Fintech in the United States.
- 75% of global customers use a payment and money transfer Fintech service.
- 75% of Fintech companies hire staff and create job opportunities related to Fintech.
- 25% of global SMEs have adopted Fintech services.
- ⅔ of financial transactions’ mode of payment is online.
General Fintech Startups Statistics (2024)
- 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.
| Year | Number Of Fintech Startups |
| 2020 | 12,131 |
| 2021 | 12,211 |
| 2022 | 20,925 |
| 2023 | 26,346 |
- 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.
| Year | EMEA | APAC |
| 2020 | 3,581 | 2,864 |
| 2021 | 3,583 | 2,849 |
| 2022 | 7,385 | 4,765 |
| 2023 | 9,323 | 6,368 |
- 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.
| Year | Number Of Fintech Startups |
| 2020 | 5,686 |
| 2021 | 5,779 |
| 2022 | 8,775 |
| 2023 | 10,755 |
- Fintech startups increased by over 50% in the last two years ( from 12,000 fintech startups to 26,000).
- 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 Services | Aware About Fintech | Unaware About Fintech |
| Money transfer and payments | 96% | 4% |
| Financial and Budgeting planning | 71% | 29% |
| Investments and Savings | 78% | 22% |
| Borrowing | 76% | 24% |
| Insurance | 86% | 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%.
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.
- The Fintech industry revenue is $186.87 billion as of 2023.
- The experts predicted that the revenue of the Fintech industry will reach $201.91 billion by 2024.
- The experts projected the CAGR of the Fintech industry will grow at 11.7% from 2017 to 2024.
- 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.
| Year | Revenue |
| 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
- 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.
| Year | Percentage 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
- The total revenue of the Fintech Industry in the United States is $65.51 billion as of 2023.
- 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.
| Year | Revenue |
| 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
- The Fintech industry’s revenue in the EMEA region is $30.7 billion as of 2023.
- 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.
| Year | Revenue of EMEA | Revenue 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.
In this section, we will see some of the important and interesting statistics about Fintech investment.
- The investment in the Fintech companies was $164.1 billion in 2022.
- The investment in the Fintech companies was highest in 2021, with a $238.9 billion investment.
- 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.
| Year | Investment 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 |
- 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.
| Year | Investment In Fintech Companies |
| 2019 | $118.3 billion |
| 2020 | $81.5 billion |
| 2021 | $108.9 billion |
| 2022 | $68.6 billion |
- In the region of EMEA, the investment in Fintech companies was $44.9 billion in 2022.
- 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.
| Year | Investment in Fintech Companies In The Region EMEA | Investment 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 |
- 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.
| Quarter | Share Of An Investment Deal In The United States |
| Q1 of 2018 | 40% |
| Q2 of 2018 | 40% |
| Q3 of 2018 | 36% |
| Q4 of 2018 | 38% |
| Q1 of 2019 | 39% |
| Q2 of 2019 | 38% |
| Q3 of 2019 | 36% |
| Q4 of 2019 | 36% |
| Q1 of 2020 | 39% |
| Q2 of 2020 | 36% |
| Q3 of 2020 | 37% |
| Q4 of 2020 | 37% |
| Q1 of 2021 | 39% |
| Q2 of 2021 | 38% |
| Q3 of 2021 | 38% |
| Q4 of 2021 | 35% |
| Q1 of 2022 | 35% |
| Q2 of 2022 | 38% |
| Q3 of 2022 | 39% |
| Q4 of 2022 | 35% |
- 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.
| Region | Share Of The Fintech Investment Deals |
| The United States | 36.57% |
| Asia | 24.75% |
| Europe | 22.75% |
| Latin America | 6.5% |
| Others | 9.25% |
- 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.
| Year | Volume 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 |
- 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.
| Year | Volume 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 |
- 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.
| Year | The 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.
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Fintech Funding Statistics
The fintech industry is continuously growing. Due to this, the need for funding to support and develop this industry is rising.
In this section, we will see all the important statistics about Fintech funding.
- Fintech Startups hit $121.70 billion in funding as of 2023.
- The funding increased by $20 billion in a year.
- The total virtual capital funding of Fintech was 80.5 billion in 2022.
- 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.
| Year | Virtual 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 |
| 2022 | 80.5 billion |
- 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.
| Year | Virtual 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.
| Year | Virtual 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.
| Year | Virtual Capital Funding Of Fintech |
| 2019 | $17.7 billion |
| 2020 | $12 billion |
| 2021 | $23.9 billion |
| 2022 | $15 billion |
- 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.
| Region | Virtual Capital Fundings Of The Fintech |
| North America | 56.30% |
| Europe | 22.20% |
| Asia | 16.10% |
| South America | 4.40% |
| Australia | 0.80% |
| Africa | 0.20% |
- 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 Fintech | Virtual 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.
- 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 Deal | Transaction 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 |
- 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.
| Region | Number Of Deals |
| America | 2,409 |
| Europe, the Middle East, Africa | 1,621 |
| Asia Pacific | 1,093 |
- 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.
| Year | Median Deal Size In The Fintech Sector |
| 2018 | $3.2 million |
| 2019 | $4 million |
| 2020 | $4 million |
| 2021 | $5 million |
| 2022 | $4.3 million |
- 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.
| Year | Average 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.
- 4 out of 10 financial service organizations say blockchain technology will change the way how service is delivered.
- It is predicted that 10% of people in the world own some form of cryptocurrency.
- The spending on blockchain solutions was $6.60 billion in 2021.
- The experts predicted that the spending on blockchain solutions will be $19 billion by 2024.
- 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.
| Year | Venture 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 |
- 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.
| Year | Market Share Of Bitcoin |
| 2013 | 94.62% |
| 2014 | 91.62% |
| 2015 | 83.4% |
| 2016 | 83.64% |
| 2017 | 39.14% |
| 2018 | 43.58% |
| 2019 | 61.71% |
| 2020 | 63.93% |
| 2021 | 44.94% |
| 2022 | 41.12% |
| 2023 | 38.02% |
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.
In this section, we will also see the leading Fintech Startup companies in the world.
- 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.
| Rank | Top 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 |
- 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.
| Rank | The 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 |
- 9 out of 20 top fintech companies by market cap are American-based in the world.
- 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 Companies | Market Cap | Type Of Company |
| Visa | $463.733 billion | Paytech |
| Mastercard | $346.293 billion | Paytech |
| Tencent | $174.055 billion | Regtech |
| Ant Financial | $151 billion | Open Banking |
| Intuit | $115.509 billion | Accounting |
| PayPal | $85.181 billion | Paytech |
| Fiserv | $74.024 billion | Open Banking |
| Stripe | $74 billion | Paytech |
| Square | $48.011 billion | Paytech |
| Adyen | $45.161 billion | Paytech |
| Nubank | $41.500 billion | Challenger Bank |
| Checkout.com | $40 billion | Paytech |
| Revolut | $33 billion | Challenger Bank |
| Chime | $25 billion | Challenger Bank |
| Polygon | $20 billion | Blockchain |
| Rapyd | $15 billion | Paytech |
| Ripple | $15 billion | Paytech |
| Ripple | $15 billion | Cryptocurrency |
| Coinbase | $14.480 billion | Cryptocurrency |
| Blockchain.com | $14 billion | Blockchain |
| Plaid | $13.400 billion | Open Banking |
| Opensea | $13.300 billion | Cryptocurrency |
| Brex | $12.300 billion | Challenger Bank |
| Grab | $12.191 billion | Infrastructure |
| Grab | $12.191 billion | Infrastructure |
| Bolt | $11 billion | Paytech |
| Gusto | $10 billion | Infrastructure |
| KuCoin | $10 billion | Cryptocurrency |
| GoTo | $9.913 billion | Paytech |
| Toast | $9.735 billion | Paytech |
| Bill.com | $9.241 billion | Paytech |
| Circle | $9 billion | Paytech |
| N26 | $9 billion | Challenger Bank |
| Bullish | $9 billion | Cryptocurrency |
| Ally Financial | $8.985 billion | Challenger Bank |
| Robinhood | $8.633 billion | Wealthtech |
| SunUp | $8.5 billion | Paytech |
| UIPath | $8.380 billion | Infrastructure |
| Ramp | $8.100 billion | Cryptocurrency |
| Fireblocks | $8 billion | Cryptocurrency |
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.
- Globally, an average of 64% of consumers adopted Fintech services.
- 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.
| Country | Fintech Adoption Rate |
| China | 87% |
| India | 87% |
| Russia | 82% |
| South Africa | 82% |
| Colombia | 76% |
| Peru | 75% |
| Netherlands | 73% |
| Mexico | 72% |
| Ireland | 71% |
| The United Kingdom | 71% |
| Argentina | 67% |
| Hong Kong | 67% |
| Singapore | 67% |
| South Korea | 67% |
| Chile | 66% |
| Brazil | 64% |
| Germany | 64% |
| Sweden | 64% |
| Switzerland | 64% |
| Australia | 58% |
| Spain | 56% |
| Italy | 51% |
| Canada | 50% |
| The United States | 46% |
| Bel $ Lux. | 42% |
| France | 35% |
| Japan | 34% |
- 96% of global customers are aware of at least one Fintech service.
- 75% of global customers use a payment and money transfer Fintech service.
- 48% of global customers use insurance Fintech services.
- 25% of global SMEs have adopted Fintech services.
- 23% of SMEs in the United States have adopted Fintech services.
Here is a table showing SME Fintech adoption across the five countries.
| Country | SME Fintech Adoption |
| China | 61% |
| The United States | 23% |
| The United Kingdom | 18% |
| South Africa | 16% |
| Mexico | 11% |
- 56% of SMEs use banking and payment Fintech services.
- 46% of SMEs use Fintech financial services.
- 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.
| Reasons | Share Of Respondents |
| Fees and Rates | 39% |
| Range of features and functionality of Fintech | 66% |
| Ease in setting | 53% |
| Trust in provider | 31% |
| Availability of 24*7 hours of service | 55% |
| Compatibility with daily operations | 38% |
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.
- 75% of Fintech companies hire staff and create job opportunities related to Fintech.
- Adoption of Fintech reached 64% as of 2023.
- Money transfer and the payment adoption rate is 75%.
- The Fintech insurance adoption rate is 27%.
- The Fintech sector gets almost $50 billion in investment every year.
- Two-thirds of financial transactions’ mode of payment is online.
Source: balancingeverything.com.
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