Startup Funding Espresso – Fintech's Role in Marketplace Businesses

Fintech's Role in Marketplace Businesses Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. 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. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.