The financial technology (fintech) start-up story can best be told in numbers. More than $50bn has been invested in almost 2500 companies since 2010, according to an Accenture report, and in 2015 alone the value of global fintech investment grew by 75% to $22.3bn.
The report, Fintech and the Evolving Landscape, published in April, shows that the retail payments space has been the main recipient of investment over the past five years. But as the fintech sector matures, it also diversifies. Start-ups are now looking for other areas to disrupt along the financial services spectrum, including transaction banking.
