2021 was recorded as a year in which the fintech sector ran towards record worldwide. The sector was supported greatly by new players like cryptocurrencies, blockchain, contactless payment, and cybersecurity stepping in. As stated in the "Pulse of Fintech" report by KPMG in 2021, which is a company offering corporate finance and consulting services, 5,684 transactions with a total value of $210 billion were made in the fintech sector.