Crowdfunding – place in FinTech market and FinTech research

Abstract

Term FinTech is not very new these days and it combines two words that are already well-known: finances and technologies. Nowadays people want to get know more about this sector and all pros and cons that arise when they try to use some of this sectors’ services. Thus, they want to make sure what exactly can describe FinTech as a new sphere for innovations and does this new buzzword is really needful for our contemporary society. FinTech is divided into several different groups that allow people to choose services they need the most, so there is a huge demand to understand the whole of FinTech to make sure that at some point the usage of innovative services are better than traditional ones. One of the most popular but not clarified enough group that belongs to FinTech is crowdfunding. This process is a growing alternative allowing people to get financing when conditions from traditional financial institutions are not that acceptable than expected. In this paper will be trying to evaluate where FinTech as a whole is now, what the main sectors’ groups are and what place is meant for crowdfunding as a separate part. What is more, some researches that combines few main keywords analysis in different databases will be done to make sure if the whole sector and its groups are really that popular among customers. This paper excludes some main problems that FinTech groups separately are not clarified enough and there are not sufficient amount of analysis and science research about crowdfunding and its importance to FinTech sector as a whole.