FinTech is experiencing tremendous growth

Wise
01.06.15
1 minute read

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.

Wise is the smart, new way to send money abroad.

Find out more
News

The Gender Pay Gap at Wise

What is the gender pay gap? Since 2017, companies with more than 250 employees in the UK have had to report a series of figures annually on the 5 April, as a...

Hayley Bucur
28.03.22 6 minute read
News

January 2022 Trading Update

Welcome to our quarterly trading update blog post where we will be going through our mission and financial highlights from the last three months, October to...

Matt Briers
19.01.22 4 minute read
News

Life beyond Wise

Over a decade ago, Kristo and I were outraged by the sky-high fees banks charged us to transfer money between the UK and Estonia. So we started a Skype chat...

Taavet Hinrikus
09.12.21 2 minute read
News

H1 FY22 Trading Update

Welcome to our first half year results blog post as a listed business where we are excited to go through our mission and financial highlights for the six...

Matt Briers
30.11.21 10 minute read

Tips, news and updates for your location