You hear and read a lot about Fintech companies “disrupting” established players, be it banks, payment processors, or card schemes. Yet, first and foremost, Fintech companies compete with each other. Cash App competes with Venmo, Stripe competes with Adyen, Affirm competes with Klarna, Toast competes with Shift4, SoFi competes with LendingClub, and so on. Let's take a closer look at some of those rivalries!
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Fintech Rivalries: How Fintech Companies…
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You hear and read a lot about Fintech companies “disrupting” established players, be it banks, payment processors, or card schemes. Yet, first and foremost, Fintech companies compete with each other. Cash App competes with Venmo, Stripe competes with Adyen, Affirm competes with Klarna, Toast competes with Shift4, SoFi competes with LendingClub, and so on. Let's take a closer look at some of those rivalries!