Evolution of Fintech Companies in Guatemala from Prepandemic to Post Pandemic Period and the Options of Fintech Companies as Financial Provider for Projects

Abstract

On the Pre-pandemic time most of the projects were traditional financial banking methods, that means the biggest companies had have receive 85%, leaving only the 15% for the Small and medium-sized enterprises (SMEs), in the pandemic period financial risk increased and trying to figure out how to survive the biggest companies update them technology for e-commers but SMEs did not have enough money to do it, for that reason they found a solution on fintech technologies. As a result, in the post pandemic era, fintech companies began to have a huge relevance not only as a technology supplier but also as financial provider. The main reason of this research is to find out if Fintech companies could be provider for projects to big companies and SMEs, the outcome shows that project managers of different industries see e-money as a secure payment method and with the fintech establishment on the economic scene they begin to feal more comfortable with the idea of using fintech companies as financial provider for projects in them companies. This research was carried out under the descriptive method, The tool selected to collect information was Google Forms, in this tool a multiple-choice survey was created, and email was sent with access to the survey. The results allow us to understand that they can be a permanent and reliable source to finance projects of different types of industries.