Fintech’s Role in Marketplace Businesses

Fintech can play an enabling role in a marketplace business.

In addition to matching suppliers and buyers on a platform, fintech tools enable additional services that provide stickiness to the business.

As the regulatory nature of fintech continues to constrain the growth of businesses, alternative financing becomes more prevalent. 

Marketplace businesses can gain an advantage by using fintech-enabled tools.

Adding a fintech solution to the mix can enable a seamless buying experience for the user.

Fintech tools such as payment and loan facilities provide stickiness to the platform and a barrier to entry.

Fintech tools provide another revenue source by charging for the use of the payment facility.

Providing identity checks on suppliers attracts more buyers who want to know who they are buying from.

Offering insurance is another service marketplace businesses can provide.

Fintech tools provide additional revenue and stickiness to a marketplace business. 

 

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