The global FinTech industry has been expanding through investments, acquisitions, buyouts, and partnerships. In terms of incorporations, hundreds of new FinTech startups form each week. And over the last few years, a few startups have attained the “Unicorn” status by crossing the 1-billion-dollar valuations. This shows that the investors trust the innovations of the FinTech startups as well as a demonstration of consolidation of this market.
As per MEDICI’s analysis, there are over 80+ FinTechs that are Unicorns as of today. While a major chunk of these Unicorns comes from the Payments segment, which has contributed 20.4% to this Unicorn club, segments such as Digital/Neoanks, Lending, InsurTech, B2B FinTech, etc., are also major contributors to the FinTech Unicorn club. |
