As we close out Q1 of the new year, our attention is caught by the fact that the industry has exploded with a record number of Fintech IPOs in the past year. Many of these companies provide a wide range of services and are well positioned to excel in a post pandemic economy.
As shown in a recent F-Prime report the top 8 IPOs from last year account for a total valuation just north of $236B. This incredible explosion of value in the Fintech industry goes to show how much investors are turning to technology to automate investments and create user friendly investing applications.
Additionally, consumers have widely accepted third party applications with personal banking data. Trusted applications that connect to bank accounts are popping up everywhere in the space. The investments in these companies are surging in a similar volume and early investors are looking to realize their gains while new investors are looking for resources to find their next big performer.
Cryptocurrency has surged in popularity and has surpassed record values in 2021. With the increasing influx of investments in digital assets, investors are turning to News to help them make investment decisions. The Fintech industry is clearly proving it’s more than just hype and organizations are using APIs to execute their strategies. Fintech companies are turning to APIs to enable efficiency, agility, and accuracy.
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