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FinTech (Financial Technology) is used by financial services or to help companies manage the financial aspects of their business

  • LE

    Lending Express

    2 months ago #

    Hi Harendrasingh,

    This is a great question, one that is especially relevant as huge developments are constantly being made in the area of financial technology.

    As the previous respondent pointed out, fintech is the shorthand way of saying financial technology. What is fintech exactly?

    Fintech encompasses essentially any sort of technology that is designed to change the way that people access, and interact with, money. That includes everything from payment services (Plaid, Illion, etc.) to personal finance (Lemonade, SoFi, etc.) to business financing (Lending Express, Kabbage, etc.). By using advanced algorithms and a fair bit of creativity, fintech companies are able to come up with amazingly useful solutions that are revolutionizing the way we all handle our finances.

    Business Insider published an article just a few weeks ago listing the top 10 hottest fintech startups and companies in the world. Check it out: https://www.businessinsider.com/top-fintech-startup-companies

    You can learn more about how Lending Express is helping small and medium sized businesses improve their funding odds, here: https://www.lending-express.com/apply/

    Hope you find this answer helpful - let me know if you have any more specific questions about fintech!

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