Small and mid-sized businesses face challenges due to limited resources and multiple applications. Studies indicate that 70% of these businesses prefer comprehensive solutions. The embedded fintech model is emerging as a solution, where tech companies collaborate to provide integrated services, enhancing user experience. This market is growing rapidly, currently valued at $185 billion and expected to reach $320 billion by 2030, with SMBs driving significant growth. A notable percentage of SMBs express a desire for simplified payment processes and valuable insights from embedded financial solutions.
The embedded finance market is booming, currently valued at $185 billion and projected to reach $320 billion by 2030, with SMBs accounting for half of that growth.
More than 60% of SMBs want embedded financial services that simplify payment processes; 50% of these businesses believe the solutions can provide valuable payment data and insights.
#embedded-fintech #small-business-solutions #technology-collaboration #financial-services #market-growth
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