fintech

noun

fin·​tech ˈfin-ˌtek How to pronounce fintech (audio)
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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
In the first quarter of 2025, fintechs raised roughly $10.3 billion in funding globally, according to CB Insights, the highest quarterly total since the first quarter of 2023. Jeff Kauflin, Forbes.com, 3 Apr. 2025 Affirm announced on Wednesday a new partnership with Revolve Clothing Group to use in the U.S. — the buy now, pay later fintech company will allow consumers to use Affirm to purchase from Revolve’s collections of apparel, footwear, accessories and beauty on Revolve’s website and mobile app. Kanika Talwar, Footwear News, 2 Apr. 2025 Bokhari’s professional background is in fintech, or financial technology, including founding the Carolina Fintech Hub. Evan Moore, Charlotte Observer, 26 Mar. 2025 According to the fintech, in the decade between 2012 and 2022, California saw the most branch closures with 1,114. Paul Du Quenoy, MSNBC Newsweek, 26 Mar. 2025 See All Example Sentences for fintech

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above

Time Traveler
The first known use of fintech was in 1971

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Cite this Entry

“Fintech.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fintech. Accessed 7 Apr. 2025.

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