FinTech is on the rise and these two graphics by CB Insights help visualise the boom within the sector.
As reported by Business Insider, FinTech startups enabling services like peer to peer money transfer and lending services are on the rise.
The first shows the amount of funding FinTech startups have received over the past 5 years. Investments in Q2 2010 made up less than $1 billion, in Q1 2015 they've risen to nearly $3 billion:
Even more fascinating is the increase in the number of investors in FinTech over the past 5 years. There are four times as many FinTech investors now than in 2010. That's some serious traction:
The uplift is a perfect illustration of the movement towards customer centric, transparent and fairer finance.
A movement TransferWise is proud to be a part of.
What is TransferWise?
TransferWise is the clever new way to convert money to send abroad. The idea is very simple.
Banks charge you huge fees when you send your money abroad. Then they hide more fees in unfair exchange rates. TransferWise has found a simple way to bypass the banks and make international money transfers transparent and fair. Like they should be.
The pricing is transparent. The exchange rate is the real one. The small fee is easy to spot.
Try out TransferWise's new BIC/SWIFT Toolkit here.
France is the most visited country in the world when looking at international arrivals. A staggering 84.5 million international visitors chose France for...
Western Union branches in Las Vegas, NVLooking to send money internationally or receive money from abroad? Find the list of the best Western Union branches in...
While not traditionally considered a tourist destination, Bangladesh is growing in popularity. And with its fascinating history, breathtaking panoramas and...
Wondering how or if to open a foreign currency account in Everbank or TIAA? Struggling to find the information you need? You’ve come to the right place.
Housing prices in your city would be definitely important to you if you’re considering buying a house, or planning to take loan to buy a house. But what are...
If you get income from any source in Hong Kong, you’re likely to have to declare it to the Hong Kong tax authorities and pay tax on it. The approach to...