China fintechs take the top three rankings, five of the top 10.
Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech, today announced the 2017 Fintech100.
The Fintech100 includes the `Leading 50' fintech firms around the globe, ranked based on innovation, capital raising activity, size and reach; and the `Emerging 50', exciting new fintechs that are at the forefront of innovative technologies and practices and are often pursuing new business models.
Key highlights from the 2017 Fintech100 include:
Overall, the Fintech100 includes:
Ian Pollari, Global Co-Lead of KPMG Fintech, commented: "Disruptive fintech companies continue to dominate the Fintech 100, representing strong interest from investors in business models and management teams that are seeking to radically change the industry paradigm.
“That said, the importance of `enablers' - companies working in cooperation with financial services institutions to steadily improve products and services - has remained steady. Across the 2017 list, there are 27 such enablers; working across accounting, insurance and banking."
Ben Heap, Founding Partner at H2 Ventures said: "Capital continues to flow into the fintech sector reflecting investor confidence in the future potential of these firms. Twelve companies on this year's list have raisings over US$100M, including ZhongAn's US$1.5B raise in conjunction with its recent IPO on the Hong Kong Stock Exchange.
“The top 10 are a strong reflection of the diversity of fintech innovation. There are fintechs with lending and payment platforms, insurtech, digital banking and companies applying big data to fintech. Superior data and analytics capability notably will be a requirement to be a great financial services firm in the future, be it a traditional bank or a game changing fintech start-up.”
“Fintech industry today is one of the most attractive industries for investments. The products developed by the fintechs are very attractive for the banks, insurance organisations, retail businesses and state-owned companies. According to KPMG 4th annual report and H2 Ventures “Fintech 100”, this year sees the majority of the most promising fintech solutions in such areas as lending, payments and capital markets. As far as cryptocurrency is concerned, only 4 cryptocurrency-related solutions are included in 100 most attractive solutions (5 solutions in the same period of 2016), which indicates still circumspect approach of investors to this item," - comments Konstantin Aushev, ITA Senior Manager, KPMG in Kazakhstan.
"In Kazakhstan the active fintechs include business incubators, AIFC and banks. This year our specialists from IT advisory team have been also involved in a number of projects in cooperation with fintech start-ups. We expect even more active and close cooperation in future.”
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.
View the full Fintech100 list or download the report at FINTECH 100 - Leading GlobalFintech Innovators.
Senior Manager, IT Advisory
KPMG in Kazakhstan and Central Asia