KPMG and H2 Ventures are excited to present the fourth annual ‘Fintech100’ report which compiles a list of the year’s best fintech innovators from around the world
China, China, China
First, second and third place, on this year’s Fintech100, are occupied by Chinese fintech
firms. These firms are continuing a trend that is several years in the making and highlights the
extraordinary rise of the fintech industry in China.
Aggregate capital raisings
The ‘Top 50’ companies have raised US$4.8B in the last year alone and over US$27B in aggregate
capital over their lifetimes. Within the ‘Emerging 50’, over US$600M has being raised in the last
year and just over US$1B has been raised in total (since founding).
Major funding rounds and increasing interest from notable investors
Twelve companies on the Fintech100 have raised over US$100M, notably ZhongAn’s USD1.5B
raise in conjunction with its recent IPO on the Hong Kong Stock Exchange. Venture investors in
Fintech companies include;
Sequoia Capital, Index Ventures, Founders Fund and Y Combinator,
together with strategic investors such as Goldman Sachs, Morgan Stanley, MasterCard and
Geographic diversification as an ongoing theme
The Fintech100 includes a broad range of fintech companies from 29 different countries, with
companies from Korea, Mexico and Poland included for the first time. It is noteworthy that 19
countries are represented in the Top 50. It is clear that no one nation or region ‘owns’ fintech
innovation – fintech is a global phenomenon.
The UK & EMEA dominate the Emerging 50
26 companies from the UK & EMEA are listed in the ‘Emerging 50’, compared to 10 in the
Americas, and 14 in Asia (including Australia and New Zealand).
Asia Pacific on the rise
30 companies from the region feature on the list, many of these in the ‘Emerging 50’, including
10 companies from Australia. This evidences a regional focus on the fintech sector and it reflects
the explosion of fintech startups across the region.
Lending and payments hold the fort
The number of lending and payments related businesses continues to stand out in this year’s
Fintech100, with 32 and 21 companies respectively. Disruption in the lending space continues to be
a focus given the size and profitability of the segment and is expected to drive further innovation.
Data is the core of fintech business models
Data is the lifeblood of any financial institution; and will be a critical foundation for the successful
adoption of any advanced analytics and artificial intelligence. The vast majority of companies in
the Fintech100 are using data, analytics and artificial intelligence to fuel their business models.
Disruptors continue to stand out in the market
Disruptive fintech continue to dominate the Top 50, which are those companies that are radically
changing their industry paradigm for all players and competing directly with financial institutions.
However, the importance of ‘enablers’ (companies developing B2B solutions and working with
financial institutions) has remained steady. This year’s Fintech100 features 27 that are ‘enablers’
– working across banking, insurance and wealth management.
Open banking around the world
Some of the most exciting enablers are working with the largest banks and financial services firms
in the world. Increasingly, these companies are adopting ‘plug-and-play’ models. Open banking
regulation in the UK, Europe, the United States and Australia has been a major catalyst for this
change. This year’s Fintech100 includes 15 companies seeking to be a part of this