Future of Global Fintech Second Edition 2025

Rate of revenue growth (2022-2023) FIGURE 5 40%44% 36%46% 43%42% 23% US and Canada MENA Global average APAC Europe LAC SSA While customer growth slowed, revenue generation remained resilient. The average revenue growth rate in 2023 was 40% (Figure 5), reflecting strong industry performance and increasing reliance on digital financial services for efficient and accessible solutions. Several regions reported above-average revenue growth rates. LAC led at 46%, followed by APAC (44%), MENA (43%) and the US and Canada (42%). Europe (36%) and SSA (23%) trailed.Fintechs in EMDEs outperformed with a revenue growth rate of 42%. Fintechs in AEs reported a slightly lower revenue growth rate of 39%. Across verticals, revenue growth exceeded the industry average in all except digital capital raising and insurtech firms. Digital banking and savings led with a 67% increase, while insurtech and digital capital raising firms experienced the slowest growth at 31% and 18%, respectively. Change in revenue from 2022 to 2023 The Future of Global Fintech: From Rapid Expansion to Sustainable Growth 11