The Future of Fintech in 2022


Financial institutions are looking for new ways to generate revenue, while also providing more personalized customer service. Financial technology or Fintech is a great solution that can help them do both.

Fintech companies are making it easier for people to monitor their investments, save money by analyzing their spending habits, and find the best loans. Whether they are personal, or someone looking for e transfer payday loans in Canada.


Think of this technology (Fintech) as banking 2.0.

Something that current banks are not a big fan of at all. As it’s allowing consumers to save or eliminate monthly fees, and provide a more decentralized alternative.

There are many startups in this industry that have managed to disrupt financial services with innovative technologies. Although the consumers love it, the current bank oligarchs are not the most excited. The finance industry is undergoing a digital transformation and this field is one of the most promising ones in terms of innovation. The question is, will the banks catch up or be wiped out.

Let’s have a look at some of these companies that are putting a dent in the Fintech space.


Earnin is a mobile app that helps you earn money by offering to do tasks for others. Someone sends you an offer and if you accept, you complete the task and earn your fee.

Earnin has the potential to disrupt the freelancing industry because freelancers can now work on these tasks anytime, anywhere with their smartphone. It also eliminates all of the overhead costs of maintaining an office – rent, utilities, business development, etc.

All of this adds up to higher profits for businesses and lower costs for consumers.

They may be also looking into getting video games / metaverses and offer their services their.

Which may literally explode the growth of this app.

The Dave App

Who would have thought that one day, the already streamlined payday loan industry model would be disrupted by some new technology.

The Dave App is a new app that will soon put an end to stress and mental anguish for people with low income. It has been developed by a team of developers and is currently in testing phase.

The app will allow users to get money within minutes of submitting an application for a Payday loan. The process is really simple and it doesn’t matter if the individual has a bank account, pays their bills on time, or even has any credit history at all. This app has been designed to help people living on low income get on their feet again.

Users can apply for up to $1,000 through the app and they can get approved instantly without any questions asked. They just need to provide basic information such as name, date of birth, contact details etc., which are used for identity verification purposes only.


Chime is a financial services company in the United States. They provide banking to the underbanked, allowing them to receive loans and credit cards in an instant.

This Fintech startup can be used anywhere in the United States, so they are able to offer more convenience than their competitors.

Their mission is to “make banking simple” because they want to give people the bank account that they deserve.

Chime also has many different features that are not offered by other banks, such as text alerts for every transaction.

Which makes it easier for customers to know what is happening with their account.

KOHO Financial

KOHO Financial is a company that provides innovative, personalized solutions for Canadians.

The company was established in 2015 with the vision to provide the best user experience for people who are beginning their financial journey. KOHO started as a mobile banking app that gave Canadians options to design their ideal banking experience.

The company has now expanded into other areas such as mortgages, personal loans, and equities trading.

Through its innovative and inventive business model, KOHO has helped Canadians find their financial freedom and explore what it means to be financially independent.

Although they are currently working with banks, their most popular product is a prepaid debit that has eliminated any fees. A lot of people are migrating to this card. Especially former Visa holders, which are not good banks.

Moving Forward

With the increased digitization of our finances, Fintech is the new frontier in the finance industry. There are many players who are competing to offer customers a better experience.

The future of Fintech is very promising. Banks will have to adapt to this new technology and offer features that are not currently available in order to stay competitive.