A few names that started out targeting the consumer market have pivoted to offer business solutions. Where do these consumer- and business-focused fintechs stand in the global payment ecosystem?
For the frequent flyer, some names in this story may be familiar. Before boarding a plane, they could have considered using either Wise or Revolut as a contactless card for overseas use.
The early 2010s saw a rise of payment fintech created as an alternative to traditional financial institutions. Most of their founding stories sing a similar tune — founders speak of frustration with archaic and costly platforms, which drove them to create start-ups that aim to make payments more transparent and equitable.
