Firoz Patel
The fintech sector is constantly evolving, and it is very fast-lived. New technologies, like blockchain or artificial intelligence, are emerging all the time. With these new technologies come novel uses cases, which lead to new trends that need to be kept up with.
There are over 25,000 fintech startups around the world, so there is a lot of competition, and only the best fintech companies will manage to get ahead and stay there. That being said, there is a big payoff for businesses that succeed at it.
In 2019, 75 percent of consumers globally were already using some form of money transfer or payment service, with some consumers even using both. Further, the total value of global investments in fintech companies was more than $100 billion in 2020, so there is a lot of money in this industry.
Firoz Patel is a Canadian entrepreneur, philanthropist, and Payments Specialist. Coming from a modest background, Firoz envisioned a successful career path from an early age.
