US FINTECH MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The market is segmented on the basis of digital payments, personal finance, alternative lending, and alternative financing - growth, trends, and forecast (2019-2024).

Market Snapshot

US fintech 1
Study Period:

2015-2024

Base Year:

2018

CAGR:

8.6%

Key Players:

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Market Overview

FinTech is transforming the US financial sector, including the way people lend, invest, opt for loans, fund start-ups, and even buy insurance. On average, one out of three digitally active consumers uses two or more financial technology services.

  •  As of 2018, the United States accounts for 57% of the fintech market. Consumers in the country have identified the key benefits that they can avail with fintech innovation, such as convenience, security, simplicity, transparency, and personalization.
  • The large increase in online digital-only banks and mobile phone payments has led to increased adoption of fintech money transfers and payment services. Digital payment is the leading market segment, with a total transaction value of USD 880 billion as per 2018.

Scope of the Report

A complete background analysis of the US fintech industry, which includes an assessment of emerging trends by segments, significant changes in market dynamics, and market overview.

US Transaction Volumes
Digital Payments
Personal Finance
Alternative Lending
Alternative Financing
Special InsurTech: Online Distribution
Insights on Other Segments
Regtech
Blockchain
Robo Advisors

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Key Market Trends

Booming Digital Payments Segment

  • The Digital Payments market segment is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point-of-sale (POS) via smartphone applications.

  • Total transaction value in the Digital Payments segment amounted to USD 810.6 billion in 2017.
  • The market's largest segment is Digital Commerce with a total transaction value of USD 765. 5 billion in 2017.
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Growing Personal Finance Sector

  • The Personal Finance market segment contains automated investment services that enable private investors to align their investment strategy or portfolio using automated recommendations.
  • Total transaction value in the personal finance segment amounted to USD 201 billion in 2017.
  • The market's largest segment is Robo-Advisors with a total transaction value of USD 189.4 billion in 2017.
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Competitive Landscape

The report covers major international players operating in the US fintech market. In terms of market share, the following are a few of the major players currently dominating the market.

 

Major Players

  1. Square Inc.
  2. Avant
  3. Stripe
  4. Oscar Health
  5. Affirm

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Market

    2. 1.2 Market Definition

    3. 1.3 Executive Summary

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Study Deliverables

    2. 2.2 Study Assumptions

    3. 2.3 Analysis Methodology

    4. 2.4 Research Phases

  3. 3. MARKET INSIGHTS AND DYNAMICS

    1. 3.1 Key Regulators Working With Fintech

    2. 3.2 Trends in the US Fintech Market

    3. 3.3 Drivers

    4. 3.4 Restraints

    5. 3.5 Opportunities

    6. 3.6 Impact of US Fintech on Banks

  4. 4. MARKET SEGMENTATION

    1. 4.1 US Transaction Volumes

      1. 4.1.1 Digital Payments

      2. 4.1.2 Personal Finance

      3. 4.1.3 Alternative Lending

      4. 4.1.4 Alternative Financing

      5. 4.1.5 Special InsurTech: Online Distribution

    2. 4.2 Insights on Other Segments

      1. 4.2.1 Regtech

      2. 4.2.2 Blockchain

      3. 4.2.3 Robo Advisors

    3. 4.3 Revenue Statistics

    4. 4.4 Funding Statistics

    5. 4.5 Other Key Market Data

  5. 5. COMPETITIVE LANDSCAPE

    1. 5.1 Market Competition Overview

    2. 5.2 Company Profiles

      1. 5.2.1 Square Inc.

      2. 5.2.2 Avant

      3. 5.2.3 Stripe

      4. 5.2.4 Oscar Health

      5. 5.2.5 Wealthfront

      6. 5.2.6 Affirm

      7. 5.2.7 Credit Karma

      8. 5.2.8 Sofi

      9. 5.2.9 GreenSky

      10. 5.2.10 Zenefits *

  6. 6. INVESTMENT ANALYSIS

  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

  9. 9. DISCLAIMER

*List Not Exhaustive

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