What are Fintech Companies?
Fintech or financial technology companies are those that use software and modern technology to provide financial services to consumers. This modern technology includes mobile payments, personal financing, loans, and a lot more. The main concern of big fintech companies is to make things easier for consumers with the use of modern technologies.
There is such as a thing as a unicorn in the tech world and this refers to start-up companies that started small and at the bottom but slowly made their way up to becoming worth billions. Unicorns were rare a long time ago but today, there are appearing all over the world.
The Forbes Fintech 50 this year included nineteen companies that are valued at a billion dollars or more and twenty companies are top fintech startups. Some of the companies that made it to the top 50 are included.
Acorns is an investing app that helps you to save in small and painless increments by rounding up your spending through debit and credit cards. The largest independent robo-advisor is Betterment. If you want to buy, sell, and manage cryptocurrency, you can get help from Coinbase. Fundrise is one of the startups that helps you to invest money in real estate according to your goals. In Robinhood, they will help you invest in stocks, ETFs, cryptocurrencies, and more, easily and without commission. Stash allows you to invest and open a debit account with very small amounts of money.
Those were just some of the fintech companies that are the fastest growing in the world. The reasons below helps us to understand how these companies excelled.
There is no difficulty in using Betterment. Its simplicity will make you wonder if that is all there is to it. They expect to get confused but they did not. Betterment has a robo-advisor that helps manage your money. You only pay a low cost for advice. You can still get advice in money management even if you are low in time and budget.
Acorns has payment plans that are priced very low a month. It is very affordable to everyone. They even offer a basic plan to college students for free.
If you need vital information, then Stash can give it to you. They provide blog posts on subjects that are currently relevant like cryptocurrency.
Customers can access these business marketing techniques which are appealing to them. It is the benefits that one can enjoy that will make consumers choose a brand. It is by storytelling that they can identify with you and your company can reach out to them. Here is where you can read.
Acceptable modes of payment that we often use are provided by fintech companies. Debit and credit cars can be read by Square.
Another company PayPal makes it easy for their clients to set up an account by merely signing up with their email address. Notifications will be sent out to your smartphone. With a social aspect added to it, Venmo functions a lot like PayPal.