Revenues generated by fintech platforms will reach US$638 billion by 2024, driven by increasing consumer acceptance of fintech-powered solutions, according to a newly published research.
Fintech businesses are continuing to see growth in demand for alternative funding sources, with marketplace lending offering an alternate source of funding for investors and borrowers, and crowd-sourced funding also offering a different form of capital raising for new and smaller companies.
Supply chain finance industry provider Octet Finance has forged an alliance with Mastercard to enable businesses to pay global suppliers.
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