Fintech is a portmanteau of the words "financial" and "technology" and refers to any company that offers financial services or applications that rely heavily on technology. Fintech companies use technology to change how consumers interact with the financial industry, often expanding access to financial products, lowering fees, and providing faster, more personalized service. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. Key areas of fintech include artificial intelligence, blockchain, cloud computing, and big data. Fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives. Examples of fintech applications include robo-advisors, payment apps, peer-to-peer (P2P) lending apps, investment apps, and crypto apps, among others. Fintech is helping foster financial freedom by offering millions of underbanked people around the world access to financial products for the very first time. The biggest fintech companies of 2023 include Ant Group, Stripe, Inc., Revolut, Chime Financial, Inc., Rapyd, Plaid, Brex, Inc., and GoodLeap.