fintech

noun

fin·​tech ˈfin-ˌtek 

plural fintechs

: products and companies that employ newly developed digital and online technologies in the banking and financial services industries

The impact that fintech is making throughout our economy is still in its infancy stages. Fintech is really just about innovating and bringing solutions to the banking, lending and capital markets.

—Jason Raznick

—often used before another noun

the fintech sector

… a leading fintech firm, a new breed of companies that offer loans through online platforms.

—Hugo Martin

From payments to wealth management, from peer-to-peer lending to crowdfunding, a new generation of startups is taking aim at the heart of the industry … . Like other disrupters from Silicon Valley, "fintech" firms are growing fast.

—The Economist

also : a business that uses or creates such technologies

Traditional banks are eager to court fintechs as clients, partners or vendors—often in all three roles at once.

—Mark Calvey

Examples of fintech in a Sentence

Recent Examples on the Web

The Swedish fintech company reported last week a 24% surge in 2024 revenue, cashing in on the BNPL craze, which is projected to surpass $160 billion over the next seven years. —Jordan Valinsky, CNN, 21 Mar. 2025

DoorDash and fintech company Klarna are joining forces to offer customers of the food delivery app the option of buying now and paying later. —Kate Gibson, CBS News, 21 Mar. 2025

Cryptocurrency On Wednesday, fintech Ripple said the Securities and Exchange Commission is dropping its appeal of a court decision that Ripple’s sales of the XRP cryptocurrency over exchanges didn't have to comply with investor-protection laws. —Medora Lee, USA TODAY, 20 Mar. 2025

Compass Point upgrades Affirm to buy from neutral Compass said investors should buy the dip following the fintech company losing its partnership with Walmart. —Michael Bloom, CNBC, 19 Mar. 2025

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above

Rhymes for fintech

• aztec
• breakneck
• codec
• exec
• mixtec
• paycheck
• pinchbeck
• recheck
• redneck
• toltec
• beck
• breck