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.
SoFi is well-positioned to capitalize on the market for fintech blockain which is foreacst to reach $49 billion by 2030, according to AInvest. Peter Cohan, Forbes.com, 8 July 2025 Chime faces tough competition from traditional financial institutions, like Ally and Capital One, and a variety of different fintech platforms that target the same users like SoFi, Affirm and Cash App (owned by Block). Luisa Beltran, Fortune, 8 July 2025 But the 78% year-on-year rise — spurred by deals like the $53 million raised by Nigerian fintech LemFi in January — suggests a recovery may be underway. semafor.com, 4 July 2025 According to data from PwC, pharma and fintech were among the most active sectors for deals through the end of May. Samantha Subin, CNBC, 3 July 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 21 Jul. 2025.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!