What is fintech? How technology is changing money
By SendPay Business · · 2 min read
Fintech, short for financial technology, means using software to deliver financial services: paying, saving, borrowing, sending money abroad, investing or trading crypto. It covers everything from digital banks to the payment link in an invoice.
The main types
- Payments: card processing, payment links and online checkouts.
- Digital banking: app-based current and business accounts.
- Money transfer: sending money abroad at lower cost.
- Crypto: exchanges and wallets for buying, selling and holding.
- Embedded finance: financial features built into non-financial apps.
How fintech firms make money
Mostly from fees: a share of each card payment, exchange rate margins, trading fees, subscriptions and interchange on cards they issue.
How new founders get started
Few founders build everything themselves. Most partner with licensed providers for accounts, cards and payments and focus on their brand, customers and niche.
Where SendPay fits
SendPay lets you launch your own branded money platform, from payments and cards to business accounts and crypto, powered by licensed partners. You can preview your platform before you pay.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
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This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.