Market Share of North America Fintech Industry
The North American fintech market is largely consolidated, with a few dominant players in each sub sector of the industry. This consolidation has been driven by a few factors, including high barriers to entry due to regulatory compliance requirements, the need for significant capital investment to develop and scale fintech solutions, and the network effects that arise as fintech companies grow and develop their customer bases. Some of the major players in the market are Stripe, Chime, Avant, Wealthsimple, and SoFi.
North America Fintech Market Leaders
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Avant, LLC
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SoFi Technologies, Inc.
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Wealthsimple Inc.
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Stripe, Inc.
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Chime Financial, Inc.
*Disclaimer: Major Players sorted in no particular order
