Over the last six years, the world has shifted and made some changes that are disturbing the status quo. Things in the financial world are working in a very different way than they did when the world turned 2000 years. Banks are losing their edge as the only available payments platform since the digital currency Bitcoin, and other similar cryptocurrencies are becoming stronger by the day.
FinTech, whose primary area of focus has been payments, lending, and investment tracking, has experienced exponential growth since 2010. From a measly $4 billion in investment in 2013, the industry has seen a rise to over $12 billion in Q2 of 2015. This upward surge has been predicted to keep trending in 2016 and beyond. You cannot stop an idea whose time has come.
In 2016, some of the unicorns that everyone is watching closely include;