With all the restrictions and lockdowns during the Pandemic, there has never been a better time for fintech to thrive. Fintech has always been there and has been a convenient way to make and monitor transactions. However, more and more people have discovered just how important it is during the Pandemic.
According to Techcrunch, the number of fintech startups in the U.S went over 10,000 in 2021. Some fintech companies such as Paypal, Square, and Shopify are currently valued at more than $100 billion. With lockdowns and social distancing in place, civilians have been left with no choice but to pay their bills and order their food online, with a minimal fee. For others, they have found that cashless payment has become more convenient.
With the growth of fintech startups, anyone is able to enjoy the perks of making cashless payments and send money to anyone anyway without having to leave the comfort of their homes! Even without the pandemic, many may adapt to this new hassle-free way of life.
Written and published by Yasmine Stones