Are you an innovator, a founder, or a product manager who is looking for cutting-edge FinTech startup ideas?
Are you looking for an idea to awe potential investors to your Startup?
If you answered yes to both questions or even one of them, then you’re in the right place.
This article will help you generate new ideas and make your FinTech startup thrive in the $300 billion FinTech industry.
Let’s dive right into the crux of the article.
An Exposé on the FinTech Market
The FinTech Market is undoubtedly the fastest growing in the finance industry, as it has a CAGR of about 8.6%.
Financial transactions volume done via FinTech is expected to grow to $6.6 trillion by the end of 2021, from $5.47 trillion in 2020.
Thus, if you’re wondering, “when is the best time to launch a FinTech product?” The answer is “Now.”
Want more statistics to support the opinion on why this is the best time to own a FinTech startup? Check the points below:
- 90% of smartphone users make mobile-based payments.
- Ant group is the most prominent FinTech company in the world, and it currently boasts of over $300 billion net worth.
- 23% of US consumers use the services of a FinTech company, and this is expected to grow exponentially over the years.
- 94% of financial service companies are optimistic that FinTech will drive growth in the sector.
From the statistics above, you’ll be missing out on the highly profitable gains from owning a FinTech product now.
Need some blockbuster FinTech ideas to inspire your next product? Let’s dive right in.
8 Ideas to Launch FinTech Startup Right Now
1. Digital Banking App
Digital banking is considered the goose that lays the golden egg for startups in FinTech. This is primarily due to its importance in the automation of financial transactions and other traditional banking services.
Banking service consumers are particularly enthusiastic about digital banking as it grants them access to a gamut of banking products and services without the hassle of visiting financial institutions. You can find out more about banking app development.
Let’s take a look at key insights for this idea for a FinTech app.
2. Investment App
Owning an investment application helps to create the right product that’s appealing to micro-investors. These apps give average users access to platforms where they can deposit funds, and place buy and sell orders, etc.
As a startup founder or co-founder, an online investment website opens your startup to a vast number of people that are willing to invest in stocks and other investment platforms.
These people may not have the necessary financial resources to make direct purchases through official means.
Take a closer look at this FinTech startup idea.
3. P2P Payment Apps
If we take an insightful look at market trends, then investing in P2P payment solutions is undoubtedly a profitable venture. The pandemic and many social factors have carved a huge niche for this FinTech application in the financial market.
What’s about market analysis for this idea for a startup in FinTech? Let’s find out.
Read more about latest ideas for fintech startup here.
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