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How fintech can help companies navigate this period of turbulence

The word ‘unprecedented’ has been used a lot in recent weeks by different authors when talking about the ongoing pandemic – and it’s rather apt. In the UK at least, we have experienced no national crisis or event in living memory that compares. We are in uncharted territory, and as a nation are having to work together to flatten the curve of infection and lessen the pressure on our NHS.

While the coming months look to be challenging for business owners, early indications suggest that the picture is slightly rosier for a lot of fintechs. For example, DeVere reported a 72% increase in usage and, staggeringly, UK startup Glint App recorded a 718% increase in online gold purchases. Business is booming, and it seems that fintech companies, far from being in trouble, may well be one of the few kinds of business to emerge from the pandemic in a better position.

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