Evolution of the FinTech Landscape

The FinTech sector has seen significant evolution over the past two decades, transitioning from a fragmented collection of smaller companies to a more integrated and diverse industry. Currently, the market is heavily weighted towards payments, with established players like Visa and MasterCard remaining at the top, while newer entrants such as PayPal, Stripe, and Affirm continue to disrupt the space. This diversification includes not only payment solutions but also expansions into areas like digital credit, commerce, and B2B payments, showcasing the industry's shift towards verticalization and specialization. As a result, understanding the nuances of each segment within FinTech has become crucial, as the landscape is no longer homogeneous and requires deep domain expertise.