GITNUX MARKETDATA REPORT 2024
Embedded Finance Industry Statistics
The embedded finance industry is experiencing significant growth, with a projected value of over $700 billion by 2030.
In this post, we will explore the significant impact of embedded finance on the financial industry. By analyzing key statistics such as the projected $3.6 trillion value of the embedded finance market by 2030 and the changing dynamics of consumer behavior towards fintech offerings, we gain valuable insights into the future landscape of financial services.
Statistic 1
"By 2030, Embedded finance market will reach $3.6 Trillion in value."
Statistic 2
"The average banking customer uses embedded finance products 2-3 times per week."
Statistic 3
"In 2021, around 75% of ride-sharing drivers use their company's embedded financial services."
Statistic 4
"In 2024, the embedded finance market is predicted to generate $230 billion."
Statistic 5
"The embedded finance industry had a market worth around $22.5 billion in 2020."
Statistic 6
"Fintechs are estimated to replace around $280 billion of banks' revenue by 2025, largely due to embedded finance."
Statistic 7
"Consumers are 2.5x more likely to choose a product with an embedded finance function."
Statistic 8
"More than 50% of fintech companies are working on some form of embedded finance offering."
Statistic 9
"Nearly 60% of consumers globally use fintech companies for some form of financial services."
Statistic 10
"By 2025, banking and payments are predicted to contribute over $1 trillion to the total embedded finance market."
Statistic 11
"By 2024, fintech companies will account for about 14% of all payments globally, in part due to the rise of embedded finance."
Statistic 12
"90% of financial and banking institutions worldwide are exploring partnerships with fintech companies for embedded finance."
Statistic 13
"In 2020, fintech investments targeting B2B services made up 60% of total fintech funding, largely driven by embedded finance."
Statistic 14
"65% of buyers are more likely to shop with businesses that have financial services embedded at point of sale."
Jannik Lindner
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