Financial technology, or fintech, has revolutionised the way we interact with money.
Between innovations such as digital payments, robo-advisors and alternative financing, fintech has made it safer and easier for us to transact and invest.
But the industry is not yet done with its growth.
The global fintech market is expected to expand at a compound annual growth rate of 22.2% between 2020 and 2025.
Back home in Singapore, The Monetary Authority of Singapore reported that fintech firms attracted a record US$1.1 billion of investments in 2020, a 55-fold increase since 2014.
Here are four companies that are expanding their fintech businesses to ride on the market growth.
Shopify (NYSE: SHOP)
Shopify is a Canadian e-commerce company that provides resources for individuals and businesses to set up an online shopping platform.
The company’s platform comprises 6,600 apps that businesses can use to customise their own e-commerce channels according to their needs....