Youth Entrepreneurship

Menu
  • Welcome
  • Dayo Profile
  • Contact Dayo
  • JOIN OUR FORUM
  • Testimonials
  • Shop
  • Our Business Plans
  • OUR PRODUCTS
    • Coaching
    • Entrepreneurship book for Africa Students
    • MLM E-BOOK: How to Recruit and Get to the Top Fast in Any Network Marketing Business
    • Set Up Money Making Blog for Just N50,000

80 Things You Will Learn from 72IG Affiliate Marketing School, Digital Marketing Skill Development and Expertnaire Affiliate Implementation Programme. (Cost N65,000)

CLICK HERE

Top 10 Fintech Companies In The World And How To Benefit From Their Activities 

DayoHub

Top 10 Fintech Companies In The World And How To Benefit From Their Activities 

Top 10 Fintech Companies In The World And How To Benefit From Their Activities

Fintech is an amalgamation of finance and technology, and it is fast gaining ground in the future of the financial world. Fintech is the combination of the word, “Financial Technology”. It is used to define a new tech that strives to enhance and automate the delivery of financial operations. It is used to help business owners and companies to manage their financial operations and processes better, through the use of specialized software and algorithms.

According to Pierre Gramegna, the Minister of Finance in Luxembourg, he said, ” FinTech is not only an enabler but the driving engine.” When Fintech first arrived in the 21st century, it only applied to the technology used at the back-end systems of established financial institutions. But since then, there has been a change to more consumer-oriented services and hence, a more consumer-oriented definition. Fintech now involves different sectors such as retail banking, education, investment management, among others.

Fintech is also used in the use and development of cryptocurrencies, such as bitcoin. This may be said to be the most important use of fintech, as more money lies in the traditional global banking industry. Fintech companies use technology to lower costs, make processes simpler, and broaden the market for their services. Their aim is to modify health insurance and small business accounting.

Below are the top 10 Fintech companies in the world.

  1. Adyen

This company provides businesses with just one platform to receive payments via any sales medium anywhere in the world. It is based in the Netherlands and was founded in 2006. This company operates more than 4,500 businesses, processing mobile, online, and in-store payments. It keeps growing and increasing at a fast pace, and has a remarkable list of customers, which includes Uber, Facebook, Netflix, Spotify, Burberry, Microsoft, Symantec, and L’Oreal. Adyen trades on the Euronext exchange.

  1. Qudian

Qudian is a China-based FinTech firm in the lending business. It operates as a micro-loan site, an installment payment site, and an investment management platform. The company has established partnerships with different e-commerce corporations, digital, and financial services in order to attract more customers. Qudian specializes in small loans to Chinese consumers, who have proven averse to credit cards. Earlier this year, 2020, it withdrew its recommendation for fiscal 2019, highlighting complications causes by a stricter regulatory environment and tougher consumer privacy rules.  

  1. Ant Financial

Ant Financial is a China-based spin-off from the Alibaba Group (BABA), originated from Alipay. It was founded in 2014 and is the world’s leading third-party payment platform. It has been in use since 2004, and today, it runs Ant Fortune, Alipay, Ant Financial Cloud, and other financial services. Ant Financial and its associates offer services in wealth management, credit reporting, payments, private banking, and cloud computing. The business value was computed at $150 billion in 2018, and plans for an IPO in Hong Kong, mainland, and China, and is currently reviewing its activities in 2020.

Top 10 Fintech Companies In The World And How To Benefit From Their Activities

  1. SoFi

SoFi was created by four students who met at Stanford Graduate School of Business in 2011. The company calls itself, “a new kind of finance company”. It takes a non-traditional strategy for lending and wealth management. The company currently offers student loan refinancing, personal loans, mortgage loans, wealth management, and life insurance. It has grown to become a multi-billion-dollar company and has more than $19 billion of funded loans and more than 900,000 members. It recently introduced a new product called Stock Bits, where consumers can buy and sell fractional shares of 50 popular stocks, for as small as $1. It is expected to have an IPO someday in the future.

  1. Xero

Xero was founded in 2006 in New Zealand and has become one of the fastest-growing ” software as a service” companies. The activities of the company include automated daily bank feeds, invoices, creditors, debtors, full accrual accounting system with a cashbook, sales tax, and reporting. The company creates an easy-to-use online accounting software for small businesses, and as at the end of 2019, it had more than 1.8 million subscribers. In 2014 and 2015, Xero was recognized by Forbes as one of the World’s most innovative growth companies.

 

Read Also: Top 7 Highly Rewarding Careers Born Out Of The Intermarriage Of Business And Technology

 

  1. Avant

Avant was founded in 2012. It is a privately owned, Chicago based online lending platform. The goal of the company is to reduce the costs and complications involved in borrowing money for middle-income earners. It uses proprietary software to tax the creditworthiness of customers for unsecured private loans and credit cards, with an interest rate of 10% to 36%. As of May 2019, the company had more than 800,000 customers and had loaned out $6.5 billion.

  1. ZhongAn

ZhongAn Online P&C Insurance Company, Limited, was founded in 2013 by Alibaba Executive Chairman, Jack Ma Yun, Tencent Chairman, Pony Ma Huateng, and Ping An Insurance Group Co. of China Limited chairman, Peter Ma Mingzhe. The company is based in Shanghai headquarters and is an online-only insurance company. When the company was newly established, it attained 150 million clients in the first year and wrote 630 million insurance policies. The company went public on the Hong Kong Stock Exchange in mid-2017.

Top 10 Fintech Companies In The World And How To Benefit From Their Activities

  1. Oscar

Oscar is a health insurance company that aims to boost the American healthcare system with the use of information technology. It was founded in 2013 and aims to deliver a more transparent and faster medical request process at a reasonable price. Prominent contributors for Oscar include Google Capital, Fidelity, and Khosla Ventures. Khosla Ventures describes Oscar as, “a new kind of heth insurance company that is using technology to make insurance simple, intuitive, and human.”

  1. Lufax

Lufax was founded in 2011 in Shanghai, owned by Ping An Group, an insurance company. It is mainly a peer-to-peer lending company, that matches businesses and individuals with investors for a price. Lufax has a strong presence in China. But, in 2019, the company was recorded to be deducting from the loan industry due to recent regulatory barriers inflicted by the Chinese government. Rather, it was utilizing its skill in big data and information technologies to concentrate on wealth management, consulting services, and risk management.

  1. Klarna

Klarna is a Swedish company founded in 2005. It is one of Europe’s largest banks, but from customer’s opinions, it seems to be a shopping app. Its users are calculated to be about 85 million in 17 countries and are in business with 205,000 dealers. Klarna uses its proprietary software to assess a customer at the point of purchase, rather than offering a line of credit like other conventional lenders. The company generates income by charging merchants a small marketing fee, and also by charging customers who choose their installment payment plan. As of May 2020, Klarna was in the process of an IPO.

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write business plan and help with fund raising strategies and Grant applications. We can help you start, grow and expand your business.

Call or WhatsApp us now on 081 0563 6015, 080 7635 9735, 08113205312 or send email to dayohub@gmail.com  and we will solve any of your business problem.

 

 

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
  • Author
  • Recent Posts
DayoHub
DayoHub
Dayo Adetiloye
(B.Agric, MBA)
08105636015, 08076359735

Serial Entrepreneur - International Business Planning Consultant - Speaker - Trainer - Author - Blogger - Network Marketing professional.

- 2018 SME Business Trainer and Coaching Advisor at GIZ for SME Loop.
- 2018 YALI RLC Online Cohort 9
- 2017 Fellow, Inspire Africa Train-the-Trainer Entrepreneurship programme sponsored by US Consulate Lagos and the Dickey Center, U.S.A.
- 2016 Fellow, Tony Elumelu Foundation Entrepreneurship Programme
- 2015 Top 50 Innovative Entrepreneurs, BET5 by Diamond Bank and EDC, PAU.

He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.

- He is a Certified Trainer in Design Thinking by the U.S Consulate, Lagos and the inspire Africa Entrepreneurship Institute.
DayoHub
Latest posts by DayoHub (see all)
  • Katumu Adasi: How to survive in Nigeria without a job - February 11, 2021
  • Top 5 business and services with the highest demands in Nigeria - January 4, 2021
  • How to Become a Millionaire doing Rice Farming in Nigeria - January 4, 2021

Share this:

  • Tweet
  • WhatsApp

Related

Prev Article
Next Article

Leave a Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search this Blog

MLM Instant Recruiting Formula

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Facebook

Follow me on Twitter

My Tweets

Youth Entrepreneurship

…Raising Millionaire Young Entrepreneurs
  • About
  • Dayo Speaks
  • Disclaimer
  • JOIN OUR FORUM
  • Shop
  • Privacy Policy
  • Sitemap
  • Advertise With us

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Popular Posts

  • 50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
    50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
  • Peter Obi's Biography, Net Worth, and Rise to Popularity
    Peter Obi's Biography, Net Worth, and Rise to Popularity
  • Top 8 Impacts Of Technology On Business In Nigeria
    Top 8 Impacts Of Technology On Business In Nigeria

Popular Category

  • Affiliate (36)
  • Articles (723)
  • Business Grant (342)
  • Business Opportunities (422)
  • Business Plan (682)
  • Competition (46)
  • CV Writing & Career Guide (61)
  • Dayo Initiative (13)
  • Entrepreneur of the Week (19)
  • Executive Summaries (148)
  • Expertnaire Affiliate Marketing (5)
  • Finance (15)
  • How To (133)
  • Job Vacancy (18)
  • Latest Post (1,681)
  • LOAN (23)
  • MLM Coaching (11)
  • Network Marketing (176)
  • NEWS (21)
  • Norland Nigeria (70)
  • Ofada Rice (6)
  • Online Marketing (50)
  • Product Sales (9)
  • Recharge and Get Paid (11)
  • Scholarship (7)
  • Scholarships (11)
  • Sponsored Post (223)
  • Trainings / Events (151)
Copyright © 2023 Youth Entrepreneurship
Dayo Adetiloye Business Hub

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
 

Loading Comments...