How do so many Fintech startups achie
ve success and large valuations? Digital innovation enables providing better services at lower costs. In turn, this expands markets by serving more customers. Unicorns are often successful with low pricing, distribution and customer acquisition, often expanding markets by attracting clients that have never before had comparable services. These are elements of the strategy guiding us at Beanstox.
“Innovation is the top driver of fintech success, followed by targeting unbanked customers and delivering quality products” according to an article by Tellimer Technologies.
Fintech in 2021 had more unicorns exceed $10 billion valuations than any other category: 9 Fintech, 4 E-commerce, 3 AI, 3 Hardware, 3 Internet services, among others.
Top Fintech Valuations:
• Stripe: $95B
• Klarna: $46B
• Revolut: $33B
• Nubank: $30B
• Chime: $25B
Source: Visual Capitalist. The World’s Biggest Startups: Top Unicorns of 2021
Reminder: Deadline to invest in the Beanstox crowdfunding is approaching.
Get more info here: Beanstox | StartEngine
We are excited by the Fintech growth opportunities for Beanstox, although also mindful that for every Fintech success story, many others are less successful.
This content was originally published in the Updates feed of the Beanstox crowdfunding campaign on StartEngine.
Be a Part of Beanstox
Join hundreds of investors who are helping make Seriously Simple Investing® a reality for millions of Americans. Invest alongside Beanstox Chairman and co-owner Kevin O’Leary today with an investment of $250 or more on StartEngine.
