UK fintech is growing at an alarming rate, with the sector attracting $5.7bn (£4.86bn) worth of investment in just the first six months of 2021, according to a recent report by Innovate Finance.
From revolutionising credit scoring and streamlining payment processing, fintechs have, and are continuing, to make a huge impact on consumer finance.
Fintechs allow customers to use apps where the technology is far more advanced than what high street banks can keep up with,” says David Beard, founder of Lending Expert.
