KPMG, in collaboration with H2 Ventures, has announced the world’s leading FinTech innovators for 2015. FinTech 100 profiles the fifty leading and established FinTech companies across the globe, and highlights a further fifty emerging stars. Limerick brothers John and Patrick Collison of online payments firm Stripe feature in the top twenty global firms at number 16.
Commenting on the announcement, Anna Scally, Partner, KPMG said: ‘FinTech 100 recognises those companies that are leading the charge in the development of innovative and world-class technology solutions for the financial services industry. The scale of the FinTech opportunity for Ireland is unprecedented and it is a measure of our growing global presence in the sector to see two Irish entrepreneurs receive recognition in this year’s list for their San Francisco based start-up, Stripe.’
Stripe was founded in 2010 and provides a developer-friendly way to accept payments online and in mobile apps direct to bank accounts from a range of local and international cards. The company processes billions of dollars a year for thousands of companies of all sizes.
FinTech 100 includes forty companies from the Americas, twenty from EMEA, eighteen from the UK, 22 from the Asia-Pacific region, and ten from Australia and New Zealand. Globally, the report notes that FinTech financing has increased six-fold over the past three years with over $20 billion estimated to be reached in 2015, a 66% increase on 2014 ($12 billion).
‘We have seen an acceleration in the sector over the past 18 months and Dublin can now credibly be listed as a growing centre for FinTech development. More and more Irish FinTech companies are gaining international recognition and are winning significant new business on the global stage, and I would hope to see more Irish entrepreneurs and their companies join the list in 2016,’ added Anna Scally.
Ian Pollari, global co-lead of KPMG’s FinTech practice said: ‘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.”
Key highlights from the FinTech 100 report include:
Emerging stars list
This year, ten FinTech companies from the emerging list will be invited to attend a KPMG International & Matchi FinTech Summit in London on February 10-11 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 firms, plus membership and discounted deal-success rates with Matchi, the online FinTech match-making platform.
For more information, contact:
Communications Manager, KPMG Ireland
email@example.com; (01)700 4728
The 'FinTech 100' was selected following extensive global research and analysis based on data relating to five factors:
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.
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.
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.