FinTech: Financial services disruptor

Unicorns are mystical animals, but they exist in the startup scene to describe privately held companies with a valuation of more than US$1bil.

In the past, many unicorns were platform providers such as Alibaba and ride-sharing services Uber and Grab, as well as Airbnb. But now, these companies are pivoting into fintech, providing digital payment services as payments and money transactions are increasingly going digital.