This blog post examines the different components of the financial technology (fintech) ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.
Consumer Lending Is The Largest Financial Technology Category
Let’s start off by looking at the Sector Map. We have classified 2,665 fintech startups into 16 categories. They have raised $142B from 3,996 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.
We see that Consumer Lending is the largest category with 358 companies. These companies offer new ways for consumers to obtain personal loans and have their credit risks assessed. They include peer-to-peer lending, micro-financing, big data analytics, and consumer credit scoring services. Some example companies are SoFi, CommonBond, Avant, and Lufax.
Here is our Q1 2019 summary report on the financial technology startup sector. The following report includes a sector overview and recent activity.
Here is our Q2 2018 summary report on the financial technology startup sector. The following report includes a sector overview and recent activity.