We’ve written about fintech here a lot at Strategic Tech Investor and there is a good reason why; it has made financial transactions easier than ever before and stodgy old banks that have made little changes to their process over the years make easy targets. When I also hear Jamie Dimon, CEO of JPMorgan Chase calling fintech an “enormous competitive” threat to banks, I get pretty excited.
Articles About Fintech
If you want to make big money in the growth field of fintech, there’s a new acronym you absolutely need to know about; BNPL, or “buy now, pay later.
Right now, it’s on its way to capturing 5% of global e-commerce sales (excluding China).
And while that might sound like a small percentage, there are actually big bucks at play here. We’re talking about a value of $166 billion. It’s a figure that’s more than big enough to let us crush the market.
The key to all of this is a growth-centric firm that is pioneering this field to a very profitable effect.
It beat the market’s historic return last year by a stunning 180.6%.
Dear Strategic Tech Investor Reader,
It is amazing to think that 150 years ago in 1871, Western Union debuted the first electronic fund transfer. Way before the internet, computer, and even the telephone, this first payment was done via the telegraph and proved to be immensely successful, setting off what we know today as Fintech.
Now the industry today is much more than sending payments. It’s managing funds, trading stocks, cryptocurrency, lending, payment plans, and much more, all conducted through apps on your phone or on a computer.