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The FinTech industry for small businesses is rapidly evolving, driven by increasing demand for integrated, user-friendly financial management tools. Automation, AI, and mobile accessibility are key trends, simplifying banking, accounting, and tax compliance for solopreneurs and micro-businesses. Competition is intense, but the market continues to expand due to the growing gig economy and new business formations.
Total Assets Under Management (AUM)
Number of Small Businesses in United States
~33.3 million
(2.5% CAGR)
- Number of new business applications continues to grow.
- Driven by solopreneurs and freelancers.
- Small businesses form the backbone of the economy.