My view of the fintech industry in 2016
By all measures, 2015 was a huge year for the financial technology industry, and we can expect the sector to only grow further in 2016 despite the economic worries post Brexit and the rest of the world.
After crunching the numbers, there may have been close to $40 billion in global investment, including capital for startups, funding for the expansion of existing companies, and Fintech related stocks.
To call this an exponential growth would be an understatement.
To put this massive growth into perspective, in 2013, global fintech investment was $3 billion. This jumped to $12 billion the following year. From 2010 to 2015, there was a total investment of $49.7 billion. To call this an exponential growth would be an understatement.