Announcing the world’s leading fintech innovators | KPMG | CY

The Fintech 100 – Announcing the world’s leading fintech innovators for 2016

Announcing the world’s leading fintech innovators

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Fintech Innovators, a collaboration between fintech investment firm, H2 Ventures and KPMG Fintech, today announced its list of the world’s leading fintech innovators, the 2016 Fintech 100. The annual list includes the leading 50 established fintech companies across the globe, as well as the most intriguing 50 ‘Emerging Stars’ – exciting new fintechs with bold, disruptive and potentially game-changing ideas. Key highlights include:

  • China fintech continues to dominate, with four of the top five companies on the list.
  • Global competition is expanding, with 17 countries represented in the top 50 established companies, up from 13 last year, and 22 countries in the full Fintech 100.
  • New fintech subsectors have emerged, including regtech (regulatory technology), with nine companies on the list.
  • Insurtech continues its ascent, with 12 companies, almost double last year’s total.

From a geographic standpoint, the continued rise of Chinese fintech is indisputable, with Hangzhou-based Ant Financial taking the top spot in the 50 Established Innovators list, and Qudian, Lufax and Zhong An also in the top five. Oscar, at number three, is both the highest ranked insurtech and the highest ranked US-based company.

In total, the 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, including 10 from Australia and New Zealand.

The level of funding has continued to rise for the Fintech 100, with the 50 established companies attracting an additional US$14.6 billion of capital since last year’s report, just 12 months ago, an increase of more than 40 percent from 2015.

Toby Heap, H2 Ventures, commented: “The 2016 Fintech 100 demonstrates the acceleration of the disruption taking place in the global financial services industry, with more capital than ever being invested around the world in startups and established ventures that are creating new financial products and solutions.”

“The continued dominance of China, which rapidly rose last year to take the top spot, tells only part of the story. We are seeing the emergence of exciting fintech players in countries across the world, from India to Israel, from Portugal to the Philippines.

Ian Pollari, Global co-lead of KPMG’s Fintech practice added: “One of the striking features of the year’s list is the growing success of fintech disruptors, with more than 90 per cent of the top 50 ventures challenging incumbents or traditional business models.”

“The Fintech 100 companies are increasingly attracting a greater share of capital as well, raising more than 65 percent of total global fintech investment over the past year.”

“The report also highlights a growing and increasingly diverse fintech sector, with the creation of value in new sub-sectors such as regtech and data & analytics, and the continued growth in insurtech and blockchain,” he said.

Highlights from the Fintech 100 report

  • China now tops the global rankings – within 3 years, China’s fintech ventures have gone from only one company included in the top established 50 rankings in 2014, to this year China featuring four of the top five companies and eight of the top 50.
  • Greater geographic diversification – the established 50 list includes fintech companies from 17 different countries compared to 13 countries last year, with companies from France, Mexico, South Africa and Singapore appearing for the first time.
  • Disruptors dominate – nine of the top 10 companies on the list are fintech ‘disruptors’ (and 46 of the top 50).
  • Lending returns to the fore – 32 of the 100 have business models related to lending (up from 22 last year).
  • Insurtech continues its climb – with 12 insurance fintech companies in this year’s list, almost double last year’s total.
  • The emergence of regtech – with nine fintech companies focused on regulatory solutions in the list this year.
  • Mega funding rounds – the size of deals/funding rounds above US$1 billion have continued to rise, including Ant Financial, Lufax and JD Finance.
  • The aggregate level of capital raise continues to rise – with the Established 50 reaching a total of US$14.6 billion of capital raised since last year’s report (12 months ago), an increase of more than 40 percent from 2015.

The Top 10 companies in the Fintech 100 2016

  1. Ant Financial – China
  2. Qudian – China
  3. Oscar – USA
  4. Lufax – China
  5. ZhongAn – China
  6. Atom Bank – UK
  7. Kreditech – Germany
  8. Avant – USA
  9. Sofi – USA
  10. JD Finance – China

Emerging stars list

The Top 50 Emerging Stars list for 2016 includes companies from 19 countries, with fintechs from countries such as Chile and the Philippines for the first time.

Selecting the Fintech 100

The Fintech 100 were selected following extensive global research and analysis based on data relating to five factors:

  1. total capital raised
  2. rate of capital raising
  3. geographic and sector diversity
  4. consumer and marketplace traction
  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).

View the full Fintech100 2016.

For more information, contact:

Ashford Pritchard

KPMG Australia

+61 411 020 680

apritchard2@kpmg.com.au

 

Kent Miller

KPMG International

+1 908 313 5037 (mobile)

ktmiller@kpmg.com

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 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 KPMG in Australia respectively, have been appointed as global co-leads of the practice, along with a leadership team including partners from countries including the U.S., U.K., Israel, China & Hong Kong, India and Australia.

About KPMG International

KPMG is a global network of professional services firms providing Audit, Tax, and Advisory services. We operate in 155 countries and have 174,000 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.

© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The views and opinions expressed herein are the personal opinions of the interviewees and authors based on their personal experience working as Auditors in the industry and do not necessarily represent the views or opinions of KPMG International or any KPMG member firm.

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