KPMG and fintech investment firm H2 Ventures has announced the third annual list of Fintech 100 of the world's leading innovators for 2016, offering an in-depth view of the most exciting startups and organizations taking advantage of technology to revolutionize the industry.
The Fintech Innovators list includes 50 ‘established’ international fintech companies along with 50 ‘emerging stars’ fintech startups with bold, disruptive and potentially game-changing ideas. The companies on the list have attracted US$14.6bn of capital, raising the level of funding for the Fintech 100.
"The fintech movement is undeniable, so it's not surprising to see increased funding over the past year. The U.S. continues to be a dominant player in fintech with strong levels of capital continuing to flow into U.S.-based startups, driven by both established companies and emerging disruptors," Annie Armstrong, co-leader of KPMG's Fintech practice in the U.S said in a press release.
The list of Fintech 100 includes 35 companies from the Americas, 28 companies from EMEA, plus 13 from the UK, and 24 companies from the Asia-Pacific region. Apart from this, the Emerging Stars list for 2016 includes companies from 19 countries, including fintech firms from countries such as Chile and the Philippines, for the first time.
"One of the striking features of this year's list is the growing success of fintech disruptors, with more than 90 percent of the top 50 ventures challenging incumbents or traditional business models. These disruptors are increasingly attracting a greater share of capital, raising more than 65 percent of total global fintech investment over the past year," Ian Pollari, Global co-lead of KPMG's Fintech practice said.
The report found significant findings including domination of China fintech with four of the top five companies on the list; the emerging global competition with 17 countries representing the top 50 established companies, up from 13 last year; emerging new fintech subsectors including regtech with 9 companies on the list; to mention few.
The top 10 companies on this year Fintech 100 included Ant Financial – China; Qudian (Qufenqi) – China; Oscar – USA; Lufax – China; ZhongAn – China; Atom Bank – UK; Kreditech – Germany; among others.
