GITNUXREPORT 2025

Fintech Industry Statistics

Fintech industry rapidly grows, innovates, and transforms global financial landscape.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

Our Commitment to Accuracy

Rigorous fact-checking • Reputable sources • Regular updatesLearn more

Statistic 1

The number of fintech unicorns (companies valued over $1 billion) increased from 20 in 2019 to over 100 in 2023, indicating rapid valuation growth

Statistic 2

60% of consumers prefer using fintech solutions over traditional banks for savings and investments

Statistic 3

Over 60% of millennials prefer using fintech apps for financial management, indicating a shift in consumer behavior

Statistic 4

The average age of fintech startup founders is 35 years old, indicating a relatively young entrepreneurial ecosystem

Statistic 5

Over 40% of fintech users are millennials, highlighting the importance of this demographic for fintech growth

Statistic 6

The number of active users in fintech lending platforms grew by 18% in 2022, reaching over 100 million worldwide

Statistic 7

Over 80% of consumer data used in fintech is stored in cloud-based infrastructure, emphasizing cybersecurity and scalability

Statistic 8

The global fintech market size was valued at approximately $179.66 billion in 2021 and is expected to grow at a CAGR of 26.41% from 2022 to 2028

Statistic 9

The number of fintech startups globally exceeded 26,000 by 2023

Statistic 10

The total value of global mobile payments is forecasted to reach $10.97 trillion by 2027

Statistic 11

Cryptocurrency market capitalization exceeded $2 trillion in 2023

Statistic 12

Bitcoin held over 40% of the total cryptocurrency market cap in 2023

Statistic 13

The number of active digital banking users worldwide reached 2.5 billion in 2022

Statistic 14

Robo-advisors managed assets worth approximately $2.3 trillion globally in 2023

Statistic 15

Peer-to-peer (P2P) lending platforms facilitated loans worth over $35 billion globally in 2022

Statistic 16

The total global remittance flows reached $689 billion in 2022, with a growing portion processed via fintech platforms

Statistic 17

Blockchain technology is expected to save the banking sector up to $27 billion annually by 2030

Statistic 18

The number of fintech app downloads in Asia Pacific surpassed 650 million in 2022

Statistic 19

Fintech companies raised over $103 billion in funding globally in 2022

Statistic 20

The unemployment rate among fintech professionals is below 4%, indicating high industry growth

Statistic 21

The global peer-to-peer payments market was valued at $1.2 trillion in 2022, expected to grow at a CAGR of 12.7% through 2028

Statistic 22

Fintech startups focusing on insurtech raised over $8 billion globally in 2022

Statistic 23

The total valuation of the largest fintech companies surpassed $100 billion collectively in 2023

Statistic 24

Digital lending platforms facilitated loan disbursements worth over $150 billion globally in 2022

Statistic 25

Over 1,500 fintech startups in Africa were active in 2023, primarily focusing on microfinance and mobile money

Statistic 26

The global financial technology market is projected to reach $324 billion by 2028

Statistic 27

The total amount of digital currencies held in private wallets exceeded $2.5 trillion in 2023

Statistic 28

The global AI in financial services market is projected to grow from $20 billion in 2021 to $50 billion by 2028

Statistic 29

The number of fintech mergers and acquisitions increased by 22% in 2022, signaling industry consolidation

Statistic 30

The number of fintech employees worldwide reached approximately 13 million by 2023, reflecting rapid industry growth

Statistic 31

The total value of global digital banking assets is estimated to surpass $40 trillion by 2025

Statistic 32

The global buy now, pay later market was valued at $120 billion in 2022 and is projected to reach $680 billion by 2027

Statistic 33

The global market share of neobanks is projected to reach 15% of digital banking customers by 2025

Statistic 34

The total number of online-only neobank accounts surpassed 300 million in 2023, indicating rapid growth

Statistic 35

The average duration of a fintech funding round decreased from 6 months in 2019 to 4.5 months in 2022, reflecting faster investment cycles

Statistic 36

The aggregate transaction volume of global digital payments is expected to reach $14 trillion in 2023, demonstrating massive market activity

Statistic 37

Digital payments accounted for 44.2% of all global payment transactions in 2022

Statistic 38

Mobile banking app downloads worldwide surpassed 180 million in 2022

Statistic 39

Over 80% of US consumers are willing to use mobile wallets

Statistic 40

Over 70% of financial institutions worldwide have adopted some form of AI in their operations

Statistic 41

The number of contactless payment transactions increased by 30% in 2022

Statistic 42

Open banking adoption is projected to reach 60% of banks worldwide by 2025

Statistic 43

In 2023, over 55% of small and medium enterprises (SMEs) globally used fintech for funding

Statistic 44

Contactless card transactions made up 75% of in-store card payments in the US in 2022

Statistic 45

Blockchain-based identity verification is expected to reduce fraud in financial services by up to 25% by 2025

Statistic 46

The adoption rate of buy now, pay later (BNPL) services reached 22% of online shoppers globally in 2022

Statistic 47

The number of fintech patents filed worldwide increased by 35% from 2019 to 2023

Statistic 48

The average user of digital wallets is expected to increase to 2.2 billion globally by 2024

Statistic 49

The share of cashless transactions in the UK increased to 45% in 2022, up from 35% in 2020

Statistic 50

The adoption of AI-driven fraud detection systems in banking reached 75% in 2023

Statistic 51

The use of biometric authentication in fintech apps increased by 40% in 2022, enhancing security for users

Statistic 52

33% of US consumers used cryptocurrency to make a purchase in 2023, up from 12% in 2021

Statistic 53

Only 25% of banks globally have fully implemented open banking APIs by 2023, indicating a slow but steady move towards open banking

Statistic 54

The use of cryptocurrency ATMs worldwide surpassed 15,000 in 2023, a 50% increase since 2021

Statistic 55

The average time to process a digital transaction has decreased by 25% over the past three years, enhancing user experience

Statistic 56

The adoption of cloud computing by fintech companies increased by 33% from 2020 to 2022, improving scalability and security

Statistic 57

The percentage of unbanked adults globally decreased from 17% in 2017 to 10% in 2022, largely due to fintech innovations

Statistic 58

The adoption of blockchain in supply chain finance is expected to reduce costs by up to 50% in the next five years

Statistic 59

The use of biometric verification in online banking increased by 35% between 2020 and 2023, improving security standards

Statistic 60

The number of registered digital wallets worldwide is expected to reach 4 billion by 2024, up from 2 billion in 2020

Statistic 61

The utilization of machine learning algorithms in credit scoring increased by 40% in the past two years, leading to more accurate assessments

Statistic 62

In 2023, approximately 45% of SMEs in emerging markets relied on fintech solutions for payroll and accounting, showing significant adoption

Slide 1 of 62

Sources

Our Reports have been cited by:

Trust Badges - Publications that have cited our reports

Key Highlights

The global fintech market size was valued at approximately $179.66 billion in 2021 and is expected to grow at a CAGR of 26.41% from 2022 to 2028
The number of fintech startups globally exceeded 26,000 by 2023
Digital payments accounted for 44.2% of all global payment transactions in 2022
Mobile banking app downloads worldwide surpassed 180 million in 2022
The total value of global mobile payments is forecasted to reach $10.97 trillion by 2027
Cryptocurrency market capitalization exceeded $2 trillion in 2023
Bitcoin held over 40% of the total cryptocurrency market cap in 2023
Over 80% of US consumers are willing to use mobile wallets
The number of active digital banking users worldwide reached 2.5 billion in 2022
Over 70% of financial institutions worldwide have adopted some form of AI in their operations
Robo-advisors managed assets worth approximately $2.3 trillion globally in 2023
The number of contactless payment transactions increased by 30% in 2022
Peer-to-peer (P2P) lending platforms facilitated loans worth over $35 billion globally in 2022

The fintech industry is experiencing unprecedented growth, with the market soaring to nearly $180 billion in 2021, fueled by over 26,000 startups worldwide, aggressive adoption of digital payments, AI integration, and a surge in innovative financial solutions transforming how consumers and businesses manage money.

Company Valuations and Ecosystem Development

The number of fintech unicorns (companies valued over $1 billion) increased from 20 in 2019 to over 100 in 2023, indicating rapid valuation growth

Company Valuations and Ecosystem Development Interpretation

With over 100 fintech unicorns soaring from just 20 in 2019, the industry’s valuation growth isn't just impressive—it's rewriting the financial landscape one billion-dollar startup at a time.

Consumer Engagement and Demographics

60% of consumers prefer using fintech solutions over traditional banks for savings and investments
Over 60% of millennials prefer using fintech apps for financial management, indicating a shift in consumer behavior
The average age of fintech startup founders is 35 years old, indicating a relatively young entrepreneurial ecosystem
Over 40% of fintech users are millennials, highlighting the importance of this demographic for fintech growth
The number of active users in fintech lending platforms grew by 18% in 2022, reaching over 100 million worldwide

Consumer Engagement and Demographics Interpretation

As fintech continues to outpace traditional banking in capturing millennial and Gen Z trust, with a youthful entrepreneurial core and a global user base surpassing 100 million, it’s clear that the finance industry’s future isn’t just digital—it's distinctly millennial and driven by innovation.

Data Utilization and Security

Over 80% of consumer data used in fintech is stored in cloud-based infrastructure, emphasizing cybersecurity and scalability

Data Utilization and Security Interpretation

With over 80% of consumer data in fintech stored in cloud infrastructure, the industry is banking on both robust cybersecurity measures and the flexibility to grow rapidly, making the cloud the digital vault of tomorrow.

Market Size and Valuation

The global fintech market size was valued at approximately $179.66 billion in 2021 and is expected to grow at a CAGR of 26.41% from 2022 to 2028
The number of fintech startups globally exceeded 26,000 by 2023
The total value of global mobile payments is forecasted to reach $10.97 trillion by 2027
Cryptocurrency market capitalization exceeded $2 trillion in 2023
Bitcoin held over 40% of the total cryptocurrency market cap in 2023
The number of active digital banking users worldwide reached 2.5 billion in 2022
Robo-advisors managed assets worth approximately $2.3 trillion globally in 2023
Peer-to-peer (P2P) lending platforms facilitated loans worth over $35 billion globally in 2022
The total global remittance flows reached $689 billion in 2022, with a growing portion processed via fintech platforms
Blockchain technology is expected to save the banking sector up to $27 billion annually by 2030
The number of fintech app downloads in Asia Pacific surpassed 650 million in 2022
Fintech companies raised over $103 billion in funding globally in 2022
The unemployment rate among fintech professionals is below 4%, indicating high industry growth
The global peer-to-peer payments market was valued at $1.2 trillion in 2022, expected to grow at a CAGR of 12.7% through 2028
Fintech startups focusing on insurtech raised over $8 billion globally in 2022
The total valuation of the largest fintech companies surpassed $100 billion collectively in 2023
Digital lending platforms facilitated loan disbursements worth over $150 billion globally in 2022
Over 1,500 fintech startups in Africa were active in 2023, primarily focusing on microfinance and mobile money
The global financial technology market is projected to reach $324 billion by 2028
The total amount of digital currencies held in private wallets exceeded $2.5 trillion in 2023
The global AI in financial services market is projected to grow from $20 billion in 2021 to $50 billion by 2028
The number of fintech mergers and acquisitions increased by 22% in 2022, signaling industry consolidation
The number of fintech employees worldwide reached approximately 13 million by 2023, reflecting rapid industry growth
The total value of global digital banking assets is estimated to surpass $40 trillion by 2025
The global buy now, pay later market was valued at $120 billion in 2022 and is projected to reach $680 billion by 2027
The global market share of neobanks is projected to reach 15% of digital banking customers by 2025
The total number of online-only neobank accounts surpassed 300 million in 2023, indicating rapid growth
The average duration of a fintech funding round decreased from 6 months in 2019 to 4.5 months in 2022, reflecting faster investment cycles
The aggregate transaction volume of global digital payments is expected to reach $14 trillion in 2023, demonstrating massive market activity

Market Size and Valuation Interpretation

With a fintech landscape expanding at a rapid clip—valued at nearly $180 billion in 2021, fueling over 26,000 startups, and revolutionizing everything from mobile payments to AI-driven financial advice—it's clear that the only thing more digital than your banking experience is the industry's own appetite for growth, mergers, and trillion-dollar markets.

Technology Adoption and Usage

Digital payments accounted for 44.2% of all global payment transactions in 2022
Mobile banking app downloads worldwide surpassed 180 million in 2022
Over 80% of US consumers are willing to use mobile wallets
Over 70% of financial institutions worldwide have adopted some form of AI in their operations
The number of contactless payment transactions increased by 30% in 2022
Open banking adoption is projected to reach 60% of banks worldwide by 2025
In 2023, over 55% of small and medium enterprises (SMEs) globally used fintech for funding
Contactless card transactions made up 75% of in-store card payments in the US in 2022
Blockchain-based identity verification is expected to reduce fraud in financial services by up to 25% by 2025
The adoption rate of buy now, pay later (BNPL) services reached 22% of online shoppers globally in 2022
The number of fintech patents filed worldwide increased by 35% from 2019 to 2023
The average user of digital wallets is expected to increase to 2.2 billion globally by 2024
The share of cashless transactions in the UK increased to 45% in 2022, up from 35% in 2020
The adoption of AI-driven fraud detection systems in banking reached 75% in 2023
The use of biometric authentication in fintech apps increased by 40% in 2022, enhancing security for users
33% of US consumers used cryptocurrency to make a purchase in 2023, up from 12% in 2021
Only 25% of banks globally have fully implemented open banking APIs by 2023, indicating a slow but steady move towards open banking
The use of cryptocurrency ATMs worldwide surpassed 15,000 in 2023, a 50% increase since 2021
The average time to process a digital transaction has decreased by 25% over the past three years, enhancing user experience
The adoption of cloud computing by fintech companies increased by 33% from 2020 to 2022, improving scalability and security
The percentage of unbanked adults globally decreased from 17% in 2017 to 10% in 2022, largely due to fintech innovations
The adoption of blockchain in supply chain finance is expected to reduce costs by up to 50% in the next five years
The use of biometric verification in online banking increased by 35% between 2020 and 2023, improving security standards
The number of registered digital wallets worldwide is expected to reach 4 billion by 2024, up from 2 billion in 2020
The utilization of machine learning algorithms in credit scoring increased by 40% in the past two years, leading to more accurate assessments
In 2023, approximately 45% of SMEs in emerging markets relied on fintech solutions for payroll and accounting, showing significant adoption

Technology Adoption and Usage Interpretation

As fintech continues to rapidly digitize and innovate—from e-wallets to AI-driven security—it's clear that while cash is slowly fading, the industry is forging ahead with a high-tech swagger, promising a future where even your grandma might be paying with a blockchain-powered smile.