In a word, financial technology (FinTech) is hot. Venture capital poured more total funding into FinTech companies in 2020 than in 2019. And the first quarter of 2021 was the most vibrant quarter ever for venture capital funding in the FinTech sector, with nearly $23 billion invested. Currently, there are more than 130 FinTech unicorns (private companies valued at a minimum of $1 billion).
FinTech is exactly what it sounds like: the use of innovation and technology to create ways to compete with and change the financial services industry.
What does the FinTech boom mean for remote workers?