News Digest:

The size of the global fintech lending market will boom from an estimated $449.89bn in 2020 to $4.95 trillion by 2030, representing a compound annual growth rate (CAGR) of 27.4% in the coming decade, according to a report published by Allied Market Research.

FinTech worldwide will surge amid a rapid shift from conventional lending to digital lending, increased government initiatives, and focus on digitalization of lending workflows, the report notes.

Takeaway:

The expected surge in FinTech adoption around the globe over the next 10 years offers a massive opportunity for investors to ride the digital wave that would increasingly pave the way for new revenue streams to emerge in both mainstream and alternative financial services.

End Notes

Source: https://www.prnewswire.com/news-releases/fintech-lending-market-to-reach-4-957-16-billion-globally-by-2030-at-27-4-cagr-allied-market-research-301423968.html