Fintech revenues are projected to reach $1.5 trillion by 2030, growing six times, as per a report by BCG and QED Investors. However, new funding for Fintech has dropped 60% since April 2022. Currently, Fintech holds a 2% share of $12.5 trillion in global financial services revenue. It’s expected to grow to 7%, with banking Fintechs constituting almost 25% of all banking valuations by 2030. The report, Global Fintech 2023, explores the future of Fintech and the latest trends in the market.
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Summary
Article Name
Fintech sector to hit $1.5 Trillion by 2030: Report
Description
Fintech revenues are projected to reach $1.5 trillion by 2030, growing six times, as per a report by BCG and QED Investors.
Author
Susan Jane
Publisher Name
CrowdFund Insider
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