According to a report by Grand View Research, the global FinTech market was valued at $127.66 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.1% from 2021 to 2028. The growth of the FinTech industry is largely driven by the increasing adoption of digital financial services, particularly in emerging markets.
Lending and Borrowing: This segment includes companies that offer alternative lending solutions, such as peer-to-peer (P2P) lending, short-term loans, and crowdfunding. The FinTech Industry Market segment has experienced significant growth in recent years, as traditional banks and financial institutions have faced regulatory restrictions and increased competition from FinTech companies.
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