- FinTech has become ubiquitous within the modern financial industry, with applications across the banking, e-commerce, and cryptocurrency sectors
- The emergence of fintech has led to the emergence of a variety of new services, ranging from Buy Now, Pay Later companies to digital, online-only banks
- Moon Equity Holdings, an investment company focused on acquisitions within the fintech, crypto, precious metals, and real estate sectors, has sought to capitalize on the growth within the digital currency sector through the creation of a cryptocurrency trading service
In August 2021, Square Inc (NYSE: SQ), the payment firm of Twitter co-founder Jack Dorsey, announced the acquisition of Australian ‘’Buy Now, Pay Later” (“BNPL”) firm, AfterPay (AX: APT) (OTC: AFTPF) in a mammoth $29 billion deal (https://ibn.fm/rZdYH). Paypal shortly followed this purchase announcing the takeover of Japanese BNPL firm Paidy in a $2.7 billion contract (https://ibn.fm/rXKZr). The emergence of the BNPL sector and their sizeable acquisition prices provide just one example of the increased ubiquity of fintech within the global finance industry today – a sector which Moon Equity Holdings (OTC: MONI), an investment company concentrating on acquisitions in real estate, precious metals, and cryptocurrency, is looking to harness.
Fintech technologies have become an increasingly disruptive force within today’s global financial sector (https://ibn.fm/6ne8J); however, nowhere are they more prevalent than within the traditional banking industry. For example, the United Kingdom’s commercial banking sector has long been dominated by a handful of traditional banks; sector leader, Barclays Bank, was initially founded in 1690 and employs upwards of 83 thousand people today. However, over the past decade, the United Kingdom’s financial regulator has opted to introduce new regulations that have served to open the sector to new entrants.
One of the United Kingdom’s fastest-growing financial institutions today is Monzo Bank, a digital bank founded as recently as 2015, which boasts next to no physical presence and employs less than 2 thousand people overall (https://ibn.fm/aynlB). Fintech has been instrumental in creating digital banks, with financial institutions increasingly shifting away from operating physical channels of interaction with customers and towards digital and mobile services instead.
A similar situation has been witnessed within the e-commerce sphere, with the online shopping sector accounting for 19.6% of total US retail sales in 2020, a sizeable increase from 2018’s 14.3%. Again, fintech solutions have permitted online sellers to flourish in recent years, largely thanks to an expanded suite of services. These services provide merchants with easy access to capital to stabilize cash flow, enable customers to partake in various consumer point-of-sale financing solutions, and display pertinent and personalized product recommendations to online visitors.
Cryptocurrencies and blockchain technology have rapidly emerged as the latest frontier within the fintech sector, with online financial tools solutions enabling users to quickly and efficiently mine and trade digital coins. Moon Equity Holdings, a pioneer within the global fintech sector, has sought to capitalize on the burgeoning interest within the industry, working on a crypto component currently under development, alongside two proprietary applications designed to revolutionize how people gift and purchase cryptocurrency. Through its venture into the digital currency space, Moon Equity Holdings expects to enhance customer experience and create a loyal following, generating repeat business.
For more information, visit the company’s website at www.MoonEquityHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to MONI are available in the company’s newsroom at https://ibn.fm/MONI
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