‘FinTech 100’: World’s Leading FinTech Innovators Announced for 2016

World’s Leading FinTech Innovators Announced for 2016

The companies using technology to the best of advantage and driving disruption within the financial services industry.

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The 2016 Fintech 100 Leading Global Fintech Innovators report — a collaboration between KPMG Fintech and Fintech investment firm, H2 Ventures, 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.

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 start-ups and established ventures that are creating new financial products and solutions.

While China Fintech continues to dominate with four of the top five companies on the list, the report 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.
 

Key highlights

  1. China now tops the global rankings — within 3 years, China’s Fintech ventures have gone from only one company included in the top 50 rankings in 2014, to being four of the top five companies and eight of the top 50 this year.
  2. Greater geographic diversification — the established 50 list is comprised of Fintech companies from 18 different countries compared to 13 countries last year, with companies from France, Mexico, South Africa and Singapore included for the first time.
  3. Disruptors dominate — nine of the top 10 companies on the list are Fintech ‘Disruptors’ (and 46 of the top 50) while overall, the number of Fintech ‘Enablers’ has risen to 28 (up from 25 last year).
  4. Lending returns to the forefront — 23 of this year’s top 50 (and 32 of the 100) have business models related to lending (up from 22 last year).
  5. Insurtech continues its climb — with 12 insurance Fintech companies in this year’s list, almost double last year’s total.
  6. The emergence of Regtech — with nine Fintech companies focused on regulatory solutions in the list this year.
  7. Mega funding rounds — the size of deals/funding rounds above US$1 billion have continued to rise, including Ant Financial, Lufax and JD Finance.
  8. The aggregate level of capital raised continues to rise — reaching a total of US$14.6 billion of capital raised since last year’s report (12 months ago).

ENDS

For more information, contact:
Paul Gray
Communications Manager, KPMG Ireland
paul.gray@kpmg.ie; (01)700 4728

FinTech 100 selection

The 'FinTech 100' was selected following extensive global research and analysis based on data relating to five factors:

  • Total capital raised
  • Rate of capital raising
  • Geographic & sector diversity
  • Consumer & marketplace traction
  • 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).

About KPMG in Ireland

KPMG in Ireland employs 2,200 people across its audit, tax and advisory services from offices in Dublin, Belfast, Cork and Galway. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. Anna Scally leads KPMG Ireland’s FinTech practice.
 

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 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, Ireland, China & Hong Kong, India and Australia.
 

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