What are the types of fintechs?

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Just as there is a diversity of services offered when it comes to finance, fintechs have, over the years, improved to provide different possibilities for customers at much lower costs than those charged by traditional institutions. Now we will show you the main types on the market.

Payment Fintechs
Specialized in granting credit to their customers, these are companies that el salvador phone number list to offer credit cards, card machines, etc. quickly and without bureaucracy. Some, for example, do not have transfer fees or annual fees.

Credit or loan fintech
As the name suggests, these are companies whose goal is to provide money quickly and, often, with lower interest rates than those provided by larger institutions. These businesses use technology to perform credit analysis.

Fintechs de crowdfunding
These companies specialize in helping people turn their business ideas into reality. They are responsible for both managing crowdfunding and mediating the relationship between someone offering a product/service and those interested in financing it.

Cryptocurrency Fintechs
Cryptocurrencies have grown in popularity in recent years as they have experienced significant appreciation. As trading has increased, companies have emerged with the aim of facilitating operations, such as fintechs specialized in managing them.

Financial control fintechs
These are companies focused on helping clients who want to be more organized with their finances. Many have mobile apps that, through integration with the client's bank account, can help them manage their expenses and set goals.

Investment Fintechs
A little more recent, this is a type of fintech that aims to help investors manage and make investments. It has the same fundamentals as a stockbroker, but takes advantage of new technologies that have emerged with the digital transformation .