The state of fintech in 15 visuals

This is a guest contribution by Max Wegner of Appcessories.

What makes the world go round — money or technology? It’s a big question, but now with the emerging sector of FinTech, you no longer have to choose one or the other. It’s both.

FinTech is a mashup of the terms “financial” and “technology,” and it describes the growing field of companies that use new digital technologies to help both consumers and businesses handle and manage their money. It’s more than just checking your bank balance online or making a payment through PayPal; FinTech includes categories like retail and institutional investing, financial research and data, financial transaction security, and even crowdfunding.

There’s more to know about FinTech, of course, like how and where the venture capital is flowing, how long the companies have been around, and where in the world they’re located. That’s why our friends at appcessories.co.uk have created this handy infographic. Check it out, and you’ll be up to speed on the world of FinTech.