Welcome to US FinTech & US TechFin
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Supporting #USFinTech (#USTechFin) in USA and abroad | Working with international friends, peers & groups on #FinTech & #TechFin.
Through our network in the US and internationally, we aim to inform the community of relevant information, news, insights and events that will empower you along your fintech journey. See our Key Partners in the UK (www.fintechuk.com) and Ireland (www.FintechIreland.com). |
US for FinTech & TechFin Start Ups |
US for FinTech & TechFin Incumbents |
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Total fintech investment in the Americas reached an estimated $78.3bn with 2,136 deals in 2023.
Back in 2019 investment in US fintech startups reached $12.4bn across 521 investment deals. In 2020, S&P Global Market Intelligence found that U.S. fintech funding in 2020 outpaced 2019 in both amount raised and volume of transactions, despite — and in some ways due to — the COVID-19 pandemic. Investors poured $17.8 billion into private U.S. fintech companies in 2020, via 681 transactions, up from $14.8 billion and 539 transactions in 2019. That is a 20% jump from 2019 to 2020. As one can see from the above table total funding activity in fintech in the Americas peaked in 2021 ($117.9bn with 3,633 deals. The US is world's largest economy with a GDP of $27.974 trillion (2024) and GDP per capita (USD thousand) of $83,060 is a great place to base your Fintech startup. If you are HQed in Europe, the UK, Australia, Canada, South American, LatAM, China, Japan and wider Asia, the US provides you with a population of 335 million people and 24% share of the world's global GDP to expand within and launch you into international markets. With a the US is the only country of that magnitude in open and fair democratic environment. US for Digital TransformationAmerica is in a race for high-tech supremacy with China. The question is, whether the US will have enough future engineers and scientists to secure our lead in that race and execute a sustainable digital transformational journey?
The US has around 568,000 recent STEM grads as of 2016. Although that number has increased since 2016, the US remains third, to India (#2 at 2.6 million in 2017) and China (#1 at 4.7 million recent STEM graduates). This places the US 'equal' with India for STEM grads per population (1:516 ratio for Indians and 1:573 for Americans); but well behind China’s 1:293 ratio. |
Back in 2019 the value of the top 5 US banks was $10 trillion. The size of the next 5 was $2.5 trillion. As at the start of 2020, the value of the top 10 US FinTech companies was $88.1bn. Jump forward to the start of 2024 the top 5 US banks by balance sheet are:
The top 5 US Banks are 4 times larger than the next 5. The next 5 banks have total assets 1.5 times greater than the market capitalisation / estimated value of the top 10 US fintech companies as of 2 April 2024 ($1.63tn). This poses an interesting question: "How can small(er) incumbent banks compete with both these existing giants and the continual onslaught of neobanks, challenger banks and non-banks offering banking services"? US for Prosperity & Economic GrowthWhen we say prosperity and economic growth. we do so broadly. Financial inclusiveness, social good and fintech for a better world.
Financial innovation propelled by fintech plays a key role in bolstering financial inclusion and makes simple financial instruments accessible. Fintech reduces transaction costs for e-payment, meaning that people who work in wealthier countries and who send money to relatives in poorer countries can send more value through e-payments than by other means. Fintech companies therefore provide concrete windfalls for those with the greatest need and are helping us move towards achieving the United Nations’ Sustainable Development Goals. |
We support indigenous US FinTech growing in the US and scaling globally. US-FinTech.com, through its partnership with international fintech groups, assists overseas fintech companies find a home in the US.
All the Tools You Need to Succeed
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With a network of fintech, banks, professionals and advisory companies based in the US, Europe, Australia and the UK we have the tools, ingredients and recipe for you to succeed.
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We look forward to hearing from you. Contact Us here
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