####FinTech is on the rise and these two graphics by CB Insights help visualise the boom within the sector.
As reported by Business Insider, FinTech startups enabling services like peer to peer money transfer and lending services are on the rise.
The first shows the amount of funding FinTech startups have received over the past 5 years. Investments in Q2 2010 made up less than $1 billion, in Q1 2015 they've risen to nearly $3 billion:
Even more fascinating is the increase in the number of investors in FinTech over the past 5 years. There are four times as many FinTech investors now than in 2010. That's some serious traction:
The uplift is a perfect illustration of the movement towards customer centric, transparent and fairer finance.
A movement Wise is proud to be a part of.
Onwards.
####What is Wise?
Wise is the clever new way to convert money to send abroad. The idea is very simple.
Banks charge you huge fees when you send your money abroad. Then they hide more fees in unfair exchange rates. Wise has found a simple way to bypass the banks and make international money transfers transparent and fair. Like they should be.
The pricing is transparent. The exchange rate is the real one. The small fee is easy to spot.
Try out Wise's new BIC/SWIFT Toolkit here.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
At Wise, our vision is money without borders. In order to build the future of global money, we need a team that’s as diverse as the customers we serve. In...
This guide is for any YouTubers on the Wise Affiliate program who want to create a Wise video. Here, find out how to create your YouTube video, what to...
When we started Wise 12 years ago, we knew the problem we were tackling was a big one. Solving for hidden fees and rebuilding broken international financial...
In March this year we completed our visual rebrand, unveiling a new look inspired by the millions of people and businesses worldwide that use Wise today. It...
Welcome to our quarterly trading update blog post where we will be going through our mission and financial highlights from the last three months, January to...
Wise is proud to announce our participation in Frontier, an advance market commitment to accelerate the development of permanent carbon removal technologies....
