Starting a business
Millennials are starting businesses at an unprecedented rate. Many consider it to be one of the most exciting moments of your life, and certainly one of the most stressful. FinTech proves a natural fit for small business owners looking for adaptable, efficient, and inexpensive solutions.
The study also shows that Business Starters are among the most open consumers to using FinTech, especially seeking more efficient payment methods and account management tools. Global payments continue to be top of mind, showing usage rates of 16% in the U.S., 30% in Singapore, and 11% in Australia)—which includes peer-to-peer mobile payments, digital currencies, and international money transfers.
Today’s Business Starters, may be looking to keep overhead low and innovate their way to success in their own businesses. They might also look to rising all-digital banks for solutions. Meanwhile, other FinTech services claim to offer lines of credit and loan management more simply than traditional banks. Kabbage, for instance, touts mobile loan management and no-fee applications as primary drivers for its small business loan programs.
However modern entrepreneurs choose to manage their small businesses, FinTech can help them streamline their efforts. It’s a new day for anyone wanting to start their own business, and FinTech is here to power the future of business with the future of banking.
from Trendy News Today https://ift.tt/2BR4GlO
via IFTTT
0 Comments