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Irish company Future Finance named in Global Fintech 100

Future Finance named in Global Fintech 100

Irish student loan finance company, Future Finance, has ranked 34th of the leading 50 fintech companies globally.

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Partner, Head of Technology & Media, Fintech Lead

KPMG in Ireland

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  • Irish company Future Finance ranked in Top 50 leading fintech innovators world-wide
  • Stripe founded by Irish entrepreneurs John and Patrick Collison ranked 15th world-wide

Issued 24 October, 2018. Irish student loan finance company, Future Finance, has ranked 34th of the leading 50 fintech companies globally in the 5th annual KPMG/H2 Ventures Fintech100 report, moving up 5 places from 39th place last year. Online payment technology company Stripe, founded by Irish entrepreneurs John and Patrick Collison, ranks 15th in the report, moving up 2 places from 17th last year.

The KPMG/H2 Ventures Fintech100 report highlights dynamic fintechs from around the world that are transforming the financial services industry, ranking the ‘Leading 50’ fintech firms from around the globe based on innovation, capital raising activity, size and reach, and the ‘Emerging 50’ - new fintechs that are at the forefront of innovative technologies and practices.

Globally, China and the US dominate the Top 10, taking 7 out of the top 10 slots. Global highlights include:

  • 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 Baidu fourth; Singapore’s Grab was a new entry, taking third place, and US fintech Sofi moved up to fifth place.
  • The US tops the Fintech100 with 18 fintechs placed, including three of the top 10, followed by the UK with 12 and China with 11. Australia and Singapore place strongly with 7 and 6 fintechs respectively.
  • 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.
  • Payments companies dominate the Fintech100, with 34 in total, followed by 22 in lending, 14 in wealth management and 12 in insurance. “Multis” (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 to 10 with Monzo, Number26, SolarisBank and Starling Bank making their Leading 50 debut.

Anna Scally, Partner and Fintech Lead, KPMG in Ireland, said "Dublin is now recognised as a growing centre for fintech development and it is fantastic to see Irish company Future Finance gaining recognition on the global stage, as well as Irish entrepreneurs John and Patrick Collison of Stripe building out their international presence here in Dublin. Other companies like global crypto finance providers Circle, ranking 40th this year, have also recognised the opportunity here in Ireland, opening their Circle Pay global HQ in Dublin last year.” 

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 Emerging 50 list).

View the full Fintech100 list here.

For more information, contact:

Kelli O’Malley
Communications Manager
KPMG Ireland

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