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2018 Fintech100 – Leading Global Fintech Innovators

2018 Fintech100 – Leading Global Fintech Innovators

The 2018 Fintech100 highlights dynamic fintechs from around the world that are transforming the financial services industry.

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National Sector Leader, Banking and Global Co-leader, KPMG Fintech practice

KPMG Australia

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Presenting the world's leading Fintech innovators for 2018

In collaboration with KPMG Fintech and Fintech investment firm, H2 Ventures, the 2018 Fintech100 report features the leading 50 'Established' fintech companies across the globe, as well as the most captivating 50 'Emerging Stars' with exciting, new products and solutions.

The Fintech100 signifies the rampant transformation happening within the financial services industry; an industry that is currently undergoing a widespread shift – with an increase of new players and established ventures building creative, leading-edge product offerings.

Chinese fintechs continue to dominate the Leading 50 list with three of the five top fintechs originating in China. Global competition continues to expand with fintechs originating from 36 countries, up from 29 countries in 2017.

Australian companies made a strong showing in the 2018 Fintech100, highlighting dynamic fintechs from around the world that are transforming the financial services industry, from digital payments and lending, to insurtech, to neo-banking, as they attract investment at a record pace.

The top placed Australian fintechs were AfterPay Touch, which shot up 18 places from 2017, moving from 44 to 26, and Airwallex, a new entry at 49. They were the sole Australian representatives in the 2018 ‘Leading 50’ from around the globe, ranked based on innovation, capital raising activity, size and reach.

Key highlights

  • Strong Australian representation – Australian companies and startups made a strong showing, with seven companies on the Fintech100, most of these in the Emerging 50.
  • Chinese fintechs continue to dominate the top of the list – Accounting for three of the top five places on the Leading 50 list with Ant Financial in first, JD Finance second and Du Xiaoman Financial  fourth; Singapore’s Grab was a new entry, taking third place, and US fintech Sofi moved up to fifth place.
  • Geographic diversification – Global competition continues to expand, with 36 different countries represented in the full Fintech100, up from 29 in 2017 and 22 countries in 2016. Almost half of the companies on this year’s list (41) were founded and continue to operate in emerging markets.
  • Aggregate capital raising has rocketed over the past 12 months – The top four companies on this year’s list have raised US$1B or more on the last 12 months. The ‘Top 50’ have raised an aggregate A$38B over the past 12 months and A$70B over their lifetime while the Emerging 50 have raised A$1.4B in the last year and just under A$3B since founding.
  • Payments companies dominate the Fintech100 – with 34 payments companies in total, followed by 22 in lending, 14 in wealth management and 12 in insurance. “Multi’s” (fintechs offering a broad range of financial services to customers) dominated the top of the list, led by Ant Financial.
  • Digital or neo-banks also increased their representation – There are 10 digital or neo-banks appearing on the list, with Monzo, Number26 and Starling Bank making their Leading 50 debut.

About the report

The Fintech100 were selected following extensive global research and analysis based on data relating to five factors. Two criteria are related to capital raising reflecting the emphasis that venture capitalist investors place on the ability of firms to innovate in order to generate a long term sustainable competitive advantage.

  1. Total capital raised
  2. Rate of capital raising
  3. Geographic diversity 
  4. Sector diversity
  5. X-factor: degree of product, service and business model innovation (a subjective measure that is applied only with respect to companies appearing on the 50 Emerging Stars list).

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