The Story of PayPal: The World's Most Valuable Fintech Firm
WEBJan 18, 2022 — PayPal's market value climbed to $49 billion on its first official day trading as a public company again, which far exceeded eBay's market value. In early 2022, the market cap of PayPal was around US$210bn. It was also featured as #1 in our Top 100 Fintech Companies list this year. ***. Discover the early history of PayPal, from humble ...
Home of FinTech & Banking News | FinTech Magazine
WEBFinTech Magazine connects the leading FinTech, Finserv, and Banking executives of the world's largest and fastest growing brands. Our platform serves as a digital hub for connecting industry leaders, covering a wide range of services including media and advertising, events, research reports, demand generation, information, and data services.
E-Wallets: The Evolution of Payments | FinTech Magazine
WEBApr 25, 2023 — A research report by CBS Insights predicts that the trend for e-wallets and super apps will see the market increase in value, from a conservative US$1tn, to $7tn by 2027. Many reputable studies show that, by 2024, a third of the world’s population will be using digital wallets. Not only that, but these e-wallets will merge with the super app ...
What is fintech? - FinTech Magazine
WEBMay 16, 2020 — Industries have been disrupted, and those who have failed to adapt are left behind. ‘Fintech’ means financial technology, and refers to the innovation and technology aimed at challenging traditional methods used in the financial services industry. Although it seems simple enough, ‘fintech’ is an umbrella term, covering a vast number of ...
Top 10 Consulting Firms: Financial Services | FinTech Magazine
WEBJun 21, 2023 — Today, McKinsey has more than 38,000 employees working across a broad cross-section of industries – including financial services – with revenues in the region of US$15b a year. 4. Boston Consulting. Revenues: US$11.7b. Boston Consulting Group claims it was a “pioneer in business strategy when it was founded in …
NFT Market Trends: Past Meltdown and Future Potential
WEBOct 13, 2023 — The non-fungible token (NFT) market has faced a meltdown in recent months, with floor prices dropping below 30 ether, an 83% decline from an all-time high in 2022. With this in mind, the future of NFTs looks somewhat uncertain. Beginning with the creation of the Ethereum ERC-721 token, the NFT price bubble has been significant.
The future of ATMs: adapting to the digital age
WEBJul 6, 2023 — Paymentology’s data backs this claim, with the number of ATMs in Europe falling by over 10% since 2016. Meanwhile, analysis from global consultancy partnership Kearney predicted that 25% of European bank branches would close across Europe from 2020 to 2023, as consumers’ digital banking habits became more permanent.
Top 10 Digital European Banks - FinTech Magazine
WEBNov 2, 2021 — Best For: Full banking services. Founded in 2015 and headquartered in London, Monzo is one of the most popular and feature-rich digital banks in Europe that enables customers to launch a fully-fledged UK bank account from the comfort of their smartphones. Users can choose between a wide variety of …
UK fintech Lendable reaches unicorn status
WEBMar 31, 2021 — Lendable’s cofounder Martin Kissinger owns around 15% of the company. As a result of its success, Lendable has raised just £4m in equity since its launch, and recorded a £15m profit margin on a £32.1m revenue in 2019. This achievement has positioned Lendable ahead of most of its European unicorn competitors such as Klarna, N26, Monzo and ...
Top 10 neobanks in the world - FinTech Magazine
WEBDec 13, 2023 — 2. SoFi . Founded in 2011 as a way to help students pay for their college tuition, SoFi leverages the power of technology to provide financial products that help customers save, invest and better protect their finances. Having initially utilised an alumni-funded lending model which connected students and recent graduates with investors and alumni, SoFi later shifted its approach to a non ...