fintech

noun

fin·​tech ˈfin-ˌtek How to pronounce fintech (audio)
plural fintechs
: products and companies that employ newly developed digital and online technologies in the banking and financial services industries
The impact that fintech is making throughout our economy is still in its infancy stages. Fintech is really just about innovating and bringing solutions to the banking, lending and capital markets.Jason Raznick
often used before another noun
the fintech sector
… a leading fintech firm, a new breed of companies that offer loans through online platforms.Hugo Martin
From payments to wealth management, from peer-to-peer lending to crowdfunding, a new generation of startups is taking aim at the heart of the industry … . Like other disrupters from Silicon Valley, "fintech" firms are growing fast.The Economist
also : a business that uses or creates such technologies
Traditional banks are eager to court fintechs as clients, partners or vendors—often in all three roles at once. Mark Calvey

Examples of fintech in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The situation is less rosy for the new wave of consumer lending fintechs. Mackenzie Sigalos, CNBC, 9 Apr. 2025 The big picture: According to PitchBook, fintech startups raised over $120 billion in venture funding in 2021, nearly three times 2020. Ryan Lawler, Axios, 8 Apr. 2025 That could spell trouble for fintech companies, many of which rely heavily on consumers to be able to repay loans and deploy extra income toward stocks and other investments. Hannah Lang, USA Today, 8 Apr. 2025 Grooms discussed navigating market challenges to include increasing uncertainty in the retail and fintech landscape due to tariffs, policy changes, evolving consumer demands and the introduction of new technologies. Arthur Zaczkiewicz, Footwear News, 3 Apr. 2025 See All Example Sentences for fintech

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above

Time Traveler
The first known use of fintech was in 1971

Browse Nearby Words

Cite this Entry

“Fintech.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fintech. Accessed 22 Apr. 2025.

Last Updated: - Updated example sentences
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