There is an ongoing debate on Fintech and its secrets of success. It is believed by some people that the fintech startup success is all about a formula that causes disruption for its benefits. On the other hand, there are a few people who think that given the present financial scenario, it is the most fascinating time for fintech.

It is true that fintech was once considered to be a disruptive dynamism in the financial world. However, over time it has proved to be highly effective and due to its potential, it has become one of the standard practices for many different industry leaders.

  • The fact that at the end of Q3 of 2018, the fintech industry funding reached a new high of $32.6 billion overall globally, tells all about its power and future prospects.
  • It is for this reason that more and more regions including Africa and South America are evolving on this scene.
  • In addition to that, there are a few fintech companies including quite a large number of insurgents have also set their foot into new markets so that they can simply escape the amplified competition.
  • All these facts prove that fintech has now become mainstream and the next focus now is n the rising trends in this industry that are essential for fintech startups to know in 2019.


Be ready for sharper competition

The competition among the fintech startups in this industry is expected to be more steep and fierce in 2019. Therefore, it will be really hard for you to be successful in this new field. In fact, it is found that only 1 out of 10 fintech startups succeed.

Therefore, if you really want to survive this fierce battle you will first need to know about the secrets of success. For this, you will need to know a few things first such as:

  • How the VCs and founders launch their big ideas
  • How is it they come to see the tangible results so easily
  • What are the essential to know to build a team to sourcing funding
  • How to find the mentors and more.

It is true that most of the innovative fintech firms are continuing to upset the traditional banking and finance industries but that does not mean you cannot be successful as a fintech startup and catch a piece of this alluringly lucrative pie.

About the shift

It is seen that more and more consumers are now moving from the traditional banking and financial services looking for a new and more innovative fintech solution rather than relying on the old schools of funding and then being unable to repay their debt look for reviews and debt consolidation ratings to come out of it.

The primary reasons for this shift of consumers are:

  • There are huge opportunities
  • Consumers are now provided with more predictive and personalized fintech solutions
  • They can now have a more engaging user experience and
  • It helps people to manage their financial lives and health more effectively.

Some of the newest and most exciting solutions provided by the fintech industry are in different categories such as:

  • Alternative lending
  • Social payments
  • Cryptocurrency
  • Distributed ledger technology
  • Wealth management solutions and Predictive financial wellness.

In addition to these every day there is a slew of disruptive and new solutions emerging in this specific industry.

Another reason for the shift of consumers from the traditional source of financing to this alternative source is that they are more digitally savvy than before. When it comes to more and more people embracing fintech on a global scale it is found through research that:

Such adoption has raised from 16% in 2015 to 33% in 2017, which is more than double and More than 50% of the banking executives working in a traditional financial institution setting are anticipating a threat to their service.

This is a significant factor in both ways making it be the right time for the fintech startups to change the entire game.

The apparent benefits

It may apparently seem to you breaking into this category is very easy. This is primarily due to the fact that:

  • Most of the fintech companies have the advantage of collecting a lot of data and analytical results of the customers while offering them such new and better kind of intensely personalized user experiences.
  • Analyzing these facts that they have at their fingertips enables them to provide their consumers with exactly what they are looking for.
  • This analysis also helps them to strengthen their offering and at the same time drive more successful customers with their marketing campaigns.

All these lead to creating a better engagement level as well as to design better strategies for the customers, both current and new.

Things to keep in mind

There are a few things to keep in mind and a few strategic steps to follow before you start your journey in this path. Such an understanding and a clear vision will help you to create a better outline after taking into consideration a few hard truths regarding this specific industry.

  • You must anticipate the fintech trends beforehand so that you can dig deeper into this field and uncover better opportunities irrespective of the fact that they are simply the flat-out category disruptors or new ways offered for the old services provided.
  • You must also rethink the traditional economics and the consequences of the old-fashioned offering of financial services as that can prove to be pretty expensive in this context. There are lots of digital technologies introduced that are transforming the system as well as the process.
  • In addition to that, there are also alternative business models introduced such as referral commissions and ad monetization that you should know. This enables the players to offer these products or services for free.

You will need to make the best use of technology for all this and that is what fintech service is all about. As a fintech startup, you will then be able to lower the cost which will, in turn, make it easy in customer acquisition and engagement.

A New High Of Fintech Industry Funding

A New High Of Fintech Industry Funding

A New High Of Fintech Industry Funding

A New High Of Fintech Industry Funding
A New High Of Fintech Industry Funding

A New High Of Fintech Industry Funding
A New High Of Fintech Industry Funding

A New High Of Fintech Industry Funding