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.

Last Updated: June 22, 2024

How we write

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."

The statistics presented highlight the significant growth and impact of embedded finance within the financial industry. With the projected market value reaching $3.6 trillion by 2030, it is clear that embedded finance is on a rapid upward trajectory. Consumers are increasingly adopting embedded financial services, with a high likelihood of choosing products with these functions. Fintech companies are poised to play a key role in this shift, with a substantial portion of total fintech funding directed towards embedded finance offerings. The data underscores the importance of partnerships between traditional financial institutions and fintech companies as they navigate this evolving landscape, ultimately reshaping the industry and driving substantial revenue shifts away from traditional banking models.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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