Fintech Innovators, a collaboration between fintech investment firm, H2 Ventures and KPMG Fintech, today announced the world’s leading fintech innovators, publishing its Fintech 100 list.
The Fintech 100 includes the leading 50 Established fintech companies across the globe, and the most intriguing 50 ‘Emerging Stars’ – exciting new fintechs with bold, disruptive and potentially game-changing ideas. These companies are using technology to the best advantage, driving disruption within the financial services industry, as well as enabling incumbent financial institutions to capitalise on new technology to deliver an enhanced customer experience, launch new products and services to generate growth, allow them to better manage risks and to improve their operating efficiency.
Featuring among the 50 Established Innovators are Australian peer-to-peer lending platform SocietyOne and online small business lending startup Prospa. An impressive seven startups from Australia’s fast growing fintech ecosystem are among the 50 Emerging Stars: Avoka, Equitise, Metamako, Moula, PromisePay, Simply Wall St, and Stockspot.
The rise of Chinese fintechs is a standout this year, with Shanghai-based ZhongAn taking the top spot in the 50 Established Innovators list, and Qufengi fourth. Last year WeCash was the only representative from China to appear on the list. This year there are seven Chinese companies in the Fintech 100, reflecting increased venture capital levels and interest in China’s fintech sector.
Globally, fintech financing has jumped six-fold over the past three years with over US$20 billion estimated to be reached in 2015, a 66% increase on 2014 (US$12 billion).
The Fintech 100 includes 40 companies from the Americas (40%), 20 companies from the EMEA (20%), 18 companies from the UK (18%), and 22 companies from the Asia-Pacific region 22%), including 10 from Australia and NZ.
Toby Heap, H2 Ventures, commented: “In an industry that will soon be irrevocably changed by the disruptive effect of innovation, the companies doing fintech best are those most likely to succeed. Already, some of the world’s major financial centres are equally becoming known as centres for fintech innovation: London and New York, and more recently Sydney.”
“This year’s Fintech 100 highlights the truly global nature of fintech innovation, with startups from 20 countries on the list. Many of these companies have an ‘X-factor’ that has captured our attention – exciting new fintechs with bold, disruptive and potentially game-changing ideas.”
Ian Pollari, Global co-lead of KPMG’s Fintech practice added: “The speed and energy with which fintech innovation is impacting financial services is gathering global momentum on many measures. This year’s report underscores the international nature of fintech, with the broad geographic diversity of the fintech companies featured. It is the Fintech 100 companies that are pushing the frontier of new products, services, technology and business models in financial services. Those within the financial services sector who ignore the innovations of the Fintech 100 cohort do so at their peril.”
“The report identifies payments as being the part of the fintech sector most at risk of digital disruption and we also note the rapid emergence of insurance fintech. It is also positive to see the development of the fintech ‘enablers’, which are seeking to provide services and capabilities to financial institutions. This needs to form a core part of how incumbent’s seek to respond to the threats and opportunities that come from disruption,” he said.
Key highlights from the Fintech 100 report include:
The Top 10 companies in the Fintech 100 for 2015 are:
Emerging stars list
This year ten fintech companies from the emerging list will be invited to attend a KPMG and Matchi Fintech Summit in London on 10-11 February to pitch their ideas to some of the world’s leading financial institutions, venture capital funds and investors. They will also receive professional services support from KPMG, plus membership and discounted deal-success rates with Matchi, the online fintech match-making platform.
The ten companies will be announced in advance of the Summit.
The Fintech 100 were selected following extensive global research and analysis based on data relating to five factors:
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About Fintech Innovators
Fintech Innovators was formed by H2 Ventures, in collaboration with KPMG Fintech, and publishes information on the world’s most successful, exciting and high impact new companies reshaping the financial services industry using new technologies.
About H2 Ventures
H2 Ventures is one of the emerging thought leaders in fintech venture capital investment around the world. Founded by brothers Ben and Toby Heap, and based in Sydney, Australia, it invests alongside entrepreneurs and other investors in early stage fintech ventures. H2 Ventures is the manager of the H2 Accelerator - Australia's only dedicated fintech accelerator - and operates out of Sydney's dynamic new fintech hub, Stone & Chalk.
About KPMG’s Global Fintech Practice
KPMG’s Financial Services practice has launched the global fintech practice in order to leverage international investment activity and capability development in fintech across KPMG member firms. Warren Mead and Ian Pollari, partners with KPMG in the UK and Australia respectively, have been appointed as global co-leads of the practice, along with a leadership team including partners from countries including the US, UK, Israel, China & Hong Kong, India and Australia.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG China was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong office can trace its origins to 1945. This early commitment to the China market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in the Chinese member firm’s appointment by some of China’s most prestigious companies.
Today, KPMG China has around 10,000 professionals working in 17 offices: Beijing, Beijing Zhongguancun, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR. With a single management structure across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.