Fintech-as-a-Service Market Valuation Is Expected To Reach US$ 1,300 Billion by 2032;Owing to the Increasing Adoption of AI/ Blockchain Technology

Fintech sector is likely to flourish at an exponential rate owing to the increasing adoption of state-of-the-art technologies like AI, API & Blockchain by several technological corporations to provide enhanced protection and smooth funds transfer

Fintech-as-a-Service Market to rise 5x by 2032, Stimulated by Rising Cashless Transactions and Enhanced Security Features: Fact.MR Study

A recently published study by Fact.MR expects the global Fintech-as-a-Service market to augment at a 17% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 1,300 Billion is expected for the market. With the incidence emphasis on cashless transactions rising exponentially, the market for Fintech-as-a-Service platforms is expected to rise impressively.

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From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 17% and closing at US$ 269.2 Billion. Demand for AI-based technology for the development of FaaS platforms has especially spiked in the past few years, given the increasing adoption of innovative technologies by tech giants. This transition was further expedited when the COVID-19 pandemic struck since people were looking out for a no-contact transaction.

The notion of a digital economy is prospective to prevail in the coming years. Besides, financial institutions are focusing on developing a secured FaaS platform to offer enhanced protection and value-added functions to their, products. Prominent players are making hefty investments that are prospective to establish an advanced fintech infrastructure.

Key Takeaways from the Market Study

  • Fintech-as-a-Service market growth to rise nearly 5x until 2032.
  • By Application, Compliance & Regulatory Support segment of Fintech-as-a-Service to flourish at a 16.2% CAGR
  • Financial Lending Institutions to be the top end-use area for Fintech-as-a-Service, growing at over 16.6% CAGR
  • North America to emerge as the fastest growing market, expected to flourish at a 16.6% CAGR

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Market Competition

Penetrating new geographies, collaborating with government agencies or service providers and rebranding initiatives comprise some major strategies adopted by prominent Fintech-as-a-Service providers. Some prominent market developments are as follows:

  • In September 2021, PayPal Holdings, Inc. signed an agreement to acquire Paidy, a leading two-sided payments platform and provider of buy now, pay later solutions in Japan, for ¥300 billion or approximately US$2.7 billion, principally in cash. The acquisition will expand PayPal’s capabilities, distribution, and relevance in the domestic payments market in
  • In October 2021, Mastercard Incorporated agreed to acquire Aiia, a leading European open banking technology provider offering a direct connection to develop and launch new digital solutions that meet the needs of everyday life, work, and play.
  • In August 2021, Square, Inc. and Afterpay Limited entered into a scheme Implementing Deed under which Square agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement.


Key Fintech-as-a-Service Service Providers

  • PayPal Holdings, Inc.
  • Block, Inc.
  • Mastercard Incorporated
  • Envestnet, Inc.
  • Upstart Holdings, Inc.
  • Rapyd Financial Network Ltd.
  • Solid Financial Technologies, Inc.
  • Railsbank Technology Ltd.
  • Synctera Inc.
  • Braintree


Key Segments Covered in the Fintech-as-a-Service Industry Analysis

  • By Type :
    • Fintech-as-a-Service for Payment
    • Fintech-as-a-Service for Funds Transfer
    • Fintech-as-a-Service for Loans
    • Fintech-as-a-Service for Other Types
  • By Technology :
    • API-based Fintech-as-a-Service
    • Artificial Intelligence-based Fintech-as-a-Service
    • RPA-based Fintech-as-a-Service
    • Blockchain-based Fintech-as-a-Service
    • Other Technology based Fintech-as-a-Service
  • By Application :
    • KYC Verification
    • Fraud Monitoring
    • Compliance & Regulatory Support
    • Other Applications
  • By End Use :
    • Banks
    • Financial Lending Companies
    • Insurance
    • Other End Uses
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global Fintech-as-a-Service market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Fintech-as-a-Service Market by Type (Payment, Fund Transfer, Loan, Others) by Technology (API-based Fintech-as-a-Service, Artificial Intelligence, RPA, Blockchain, Others) by Application (KYC Verification, Fraud Monitoring, Compliance & Regulatory Support, Others) by End-use (Banks, Financial Lending Companies, Insurance, Others) across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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