Global fintech market 2022-2028: $16.65 trillion in opportunities for startups

Today, FinTech has become incredibly important and one of the fastest growing segments in the world. 2021 was rich in transformations in this niche and will continue to evolve to provide the best possible service to its customers. The global fintech market is estimated at $6.5 trillion in 2021 and is expected to grow at a CAGR (compound annual growth rate) of 13.9% between 2022 and 2028 to reach a market of $16.65 trillion. 2028.

The rapid adoption of the internet and smartphones has driven the growth of the global fintech market, which is driven by the growing use of digital banking and a growing interest in cryptocurrencies, blockchain.

As fintech market growth is noticed equally across developed and developing markets, fintech companies in North America will benefit from maximum lucrative opportunities.

The implementation of FinTech application development services can be seen in many important and impressive financial fields: credit institutions, venture capital funds, banks, blockchain, digital wallets and a wide variety of payment systems. So let’s take a closer look at possible fintech app ideas for startups and find out what trends are being seen for 2022.

Digital banking solutions

The first thing that comes to anyone’s mind is mobile banking. Meanwhile, banks are increasingly focusing on digitization, more so than any other fintech company today. According to statistics, around 70% of smartphone users currently use digital banking services. Apart from the fact that you can now perform absolutely all financial manipulations with a single app, the automation of financial transactions has become accessible to users, which has become one of the greatest advantages of digital banking today. Undoubtedly, digital banking will play a crucial role in the growth of the global fintech market in the coming years.


One of the best ideas for a FinTech app development project is a cryptocurrency exchange. The number of crypto traders in the market today has increased tenfold. Therefore, in 2022, it is possible and necessary to focus on cryptocurrency exchanges, which is expected to push the growth of the global fintech market by double digits.

With bitcoin at the center of the industry, cryptocurrency exchanges are proliferating and allowing users to freely buy and sell cryptocurrencies, trade and trend, send via P2P methods, and more.

P2P lending apps

P2P lending is peer-to-peer lending through which individuals and businesses lend and borrow money from each other. Based on the data obtained through event registration, reliable borrowers can be identified and offered better interest rates. Likewise, you can identify the most active creditors and offer them lower rates.

Electronic wallets

The convenience of an e-wallet has become apparent over the past decade because instead of carrying cash, people can deposit money into e-wallets and pay anywhere, anytime. . This technical feat has long since become an understandable and familiar tool even for older people who, as we know, generally have difficulty adapting to innovative tools. Therefore, the target audience of potential legal persons in need of service for the development of such applications is unlimited. Every e-commerce store now integrates e-wallets and payment systems into their portal in the first place. And let’s not forget the biggest e-wallet Paypal, which is available online to transfer money directly to the buyer.

personal finance apps

Personal finance apps have gained incredible popularity as the world becomes increasingly digital, so there is an increased growth of these apps in the FinTech market. Almost all FinTech software companies create personal finance apps that allow users to better manage their finances, namely: track their expenses over different time periods and also “befriend” other users (like your friends) to manage common expenses, for example, in a bar or on a trip; you can also track income, categorize income and expenses, link bank accounts, and create a budget.


The global fintech market will continue to have a huge opportunity to expand financial inclusion and impact the everyday lives of consumers. With the growing demand for FinTech products, the number of startups is also increasing. We hope you found the most inspiring idea for your potential startup in FinTech, as the ideas mentioned above will most likely increase in 2022.

Comments are closed.