Automotive Fintech Global Market Report 2025

Automotive fintech refers to the integration of digital finance and technology into the automotive industry to enhance the efficiency and utility of lending finance to automotive customers.

The primary propulsion types in the automotive fintech sector include internal combustion engines (ICE) and electric vehicles. Subscription channels involve payments or promises of payment for subsequent issues of magazines, newspapers, books, or other publications over a predetermined timeframe. Automotive fintech leverages subscription services, providing customers with upfront fee information. Vehicle types encompass passenger cars and commercial vehicles, while channels include on-demand and subscription models. This technology is employed by various end-users, including digital loans and purchases, online leasing, online insurance, and in-vehicle payments.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a considerable impact on the financial sector, particularly in the areas of investment strategies and risk management. The increased tariffs have intensified market volatility, leading institutional investors to adopt more cautious approaches and driving greater demand for hedging solutions. Banks and asset managers are encountering higher costs in cross-border transactions as disrupted global supply chains and declining corporate earnings weigh on equity market performance. At the same time, insurance providers are facing elevated claims risks linked to supply chain interruptions and trade-related business losses. Furthermore, reduced consumer spending and weaker export demand are limiting credit growth and dampening investment appetite. In response to these challenges, the sector must focus on diversification, accelerate digital transformation, and strengthen scenario planning to manage the heightened economic uncertainty and safeguard profitability.

The automotive fintech research report is one of a series of new reports from The Business Research Company that provides automotive fintech market statistics, including automotive fintech industry global market size, regional shares, competitors with an automotive fintech market share, detailed automotive fintech market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive fintech industry. This automotive fintech research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive fintech market size has grown strongly in recent years. It will grow from $59.04 billion in 2024 to $64.33 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to digital transformation, emergence of online marketplaces, increased automotive adoption, regulatory changes, fintech startups disruption.

The automotive fintech market size is expected to see rapid growth in the next few years. It will grow to $96.79 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to rise of usage-based financing, API and open banking integration, focus on cybersecurity measures, pandemic-induced changes, green financing incentives. Major trends in the forecast period include focus on financial literacy, blockchain adoption, personalized financial services, subscription-based vehicle financing, automated and contactless transactions, data-driven decision making.

The forecast of 10.8% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through slower innovation in digital lending, as tariffs on blockchain-based vehicle verification tools and smart contract platforms, sourced from Switzerland and Estonia, raise development costs for fintech startups. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growth of the automotive industry is expected to drive the expansion of the automotive fintech market in the coming years. The automotive industry encompasses the manufacturing, development, and sales of vehicles. Automotive fintech refers to digital solutions that streamline and simplify the financing and insurance processes for vehicles, allowing automotive companies to improve customer satisfaction, utilize data analytics, and achieve cost savings. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based trade association, reported that global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase from the previous year. Therefore, the growth of the automotive industry is raising the demand for automotive fintech solutions.

The burgeoning digital transformation across industries is poised to act as a catalyst propelling the automotive fintech market's growth. This transformation involves the comprehensive integration and deployment of digital technologies and data across various organizational facets. Within the automotive sector, this paradigm shift leverages automotive fintech to modernize and streamline financial procedures. The goal is to elevate customer experiences, optimize lending and payment systems, and foster innovative financial services pertaining to vehicle transactions. As per insights from the International Data Corporation (IDC) in October 2022, the global expenditure on digital transformation is projected to hit $3.4 trillion in 2026, indicating a five-year compound annual growth rate (CAGR) of 16.3%. Hence, this expanding digital transformation serves as a significant driver fueling the automotive fintech market's expansion.

The automotive fintech market is witnessing a prominent trend with the introduction of finance platforms aimed at embracing zero-emission technology. Major industry players are strategically launching innovative platforms focused on financing electric vehicle (EV) sales to encourage greater adoption of these eco-friendly vehicles. For example, in June 2022, Tenet, a US-based climate financing company, debuted an EV financing platform designed to expedite the adoption of zero-emission technology. This novel model for EV financing encourages consumers to embrace sustainable alternatives, aligning their financial objectives with environmental goals.

Significant players within the automotive fintech market are emphasizing the development of pioneering platforms, such as vehicle management solutions, aimed at empowering car owners with efficient vehicle oversight. These platforms cater to various consumer needs, addressing concerns related to maintenance, servicing, and insurance claims. A prime illustration of this initiative is witnessed in Dreamplug Technologies Private Limited's launch of the CRED Garage in September 2023, an India-based fintech company. The platform encompasses an array of services, including vehicle spending tracking, document management, round-the-clock roadside assistance, insurance claim support, and seamless integration with DigiLocker. Additionally, it facilitates tasks such as car insurance renewal, FASTag recharging, and online payment of traffic challans, enabling members to manage their vehicles with ease and convenience.

In September 2024, Tabby, a fintech company based in Saudi Arabia, acquired Tweeq for an undisclosed amount. This acquisition allows Tabby to broaden its product offerings and improve customer experiences by integrating digital wallets and money management tools. This strategic decision reinforces Tabby's leadership in the market and advances financial inclusion in Saudi Arabia. Tweeq is a Saudi Arabia-based fintech startup that offers automotive fintech services.

Major companies operating in the automotive fintech market include Liberty Mutual Group, Fiserv Inc., Stripe Inc., Global Payments Inc., Coinbase Global Inc., Grab Financial Group, Bajaj Auto Finance, Creditas Solucoes Financeiras Ltd., Root Insurance Company, Oodle Car Finance, Cambridge Mobile Telematics, AutoFi Inc., Blinker Inc., Cuvva, By Miles Ltd., Clearcover Insurance Co, Bumper.com, CarConnect Group, Fair Financial Corp, Tractable Ltd., Lendbuzz Inc., Eze Wheelz, AlgoDriven, Naked Insurance, Just Insure Inc.

North America was the largest region in the automotive fintech market in 2024. The regions covered in the automotive fintech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automotive fintech market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive fintech market consists of revenues earned by entities by providing digital payment services, auto finance, and vehicle leasing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Automotive Fintech Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on automotive fintech market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, post-pandemic supply chain realignment, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for automotive fintech ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automotive fintech market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Propulsion Type: Internal Combustion Engine (ICE); Electric
• 2) By Vehicle Type: Passenger Car; Commercial Vehicle
• 3) By Channel: On Demand; Subscription
• 4) By End User: Digital Loans And Purchase; Online Leasing; Online Insurance; In-Vehicle Payments
• Subsegments:
• 1) By Internal Combustion Engine (ICE): Gasoline Vehicles; Diesel Vehicles; Hybrid Vehicles
• 2) By Electric: Battery Electric Vehicles (BEVs); Plug-In Hybrid Electric Vehicles (PHEVs); Fuel Cell Electric Vehicles (FCEVs)
• Companies Mentioned:Liberty Mutual Group; Fiserv Inc.; Stripe Inc.; Global Payments Inc.; Coinbase Global Inc.; Grab Financial Group; Bajaj Auto Finance; Creditas Solucoes Financeiras Ltd.; Root Insurance Company; Oodle Car Finance; Cambridge Mobile Telematics; AutoFi Inc.; Blinker Inc.; Cuvva; By Miles Ltd.; Clearcover Insurance Co; Bumper.com; CarConnect Group; Fair Financial Corp; Tractable Ltd.; Lendbuzz Inc.; Eze Wheelz; AlgoDriven; Naked Insurance; Just Insure Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.