‘Fintech 100’ – Announcing the world’s leading fintech innovators for 2015

‘Fintech 100’ – Announcing the world’s leading...

China fintech on the rise as ZhongAn tops listtop fintech companies closes 31 October; Overall fintech investment expected to jump 66% to over US$20bn in 2015.

Also on KPMG.com

  • China fintech on the rise as ZhongAn tops list      
  • Overall fintech investment expected to jump 66% to over US$20bn in 2015
  • UK’s Funding Circle and Atom Bank appear in 50 Established Innovators; and twelve UK startups pegged among 50 Emerging Stars

Fintech Innovators, a collaboration between fintech investment firm, H2 Ventures and KPMG Fintech, today announced the world’s leading fintech innovators, publishing its Fintech 100 list.

The Fintech 100 includes the leading 50 Establishedfintech companies across the globe, and the most intriguing 50 ‘Emerging Stars’– exciting new fintechs with bold, disruptive and potentially game-changingideas. These companies areusing technology to the best advantage, driving disruption within the financialservices industry, as well as enabling incumbent financial institutions tocapitalise on new technology - to deliver an enhanced customer experience,launch new products and services to generate growth, allow them to better manage risks and to improve their operating efficiency.

Featuring on the 50 Established Innovators list are UKpeer-to-peer lending platform Funding Circle (5th position), new digital Atom Bank (8th), iZettle (27th) a mobile payments company, eToro (34), a trading marketplace, Nutmeg (42), the online investmentservice and TransferWise (46) a peer-to-peer money transfer service.

12 fintech startups from the UK’s fast growing fintecheco-system feature on the 50 Emerging Stars list the most of any country.  The full list is Bankable, Ebury, Elliptic,GoCardless, GoHenry, Osper, Property Partner, Revolut, Salary Finance,SyndicateRoom, The Currency Cloud and Yoyo Wallet.

The rise of Chinese fintechs is a standout this year,with Shanghai-based ZhongAn taking the top spot in the 50 EstablishedInnovators list, and Qufengi fourth. Last year WeCash was the onlyrepresentative from China to appear on the list. This year there are sevenChinese companies in the Fintech 100, reflecting increased venture capitallevels and interest in China’s fintech sector. The UKhas six firms in total in the Established List.

Globally, fintech financing has jumped six-fold over the past three years with over US$20 billion estimated to be reached in 2015, a 66% increase on 2014 (US$12 billion).

TheFintech 100 includes 40 companies from The Americas (40%), 20 companies from the EMEA 20%), 18 companies from the UK (18%), 22 companies from Asia-Pacific region 22%), including 10 from Australia and NZ (10%).

Warren Mead, Global co-lead of KPMG’s Fintech practice added: “The UK is clearly a leading centre for fintech but with the rise of Chinese firms that position is not guaranteed.  The good news is the UK is currently home to more emerging fintech companies on the list than anywhere else. In a fast moving sector, it will be interesting to track how many breakout over the next 12 months.

“The speed and energy with which fintech innovation is impacting financial services is gathering global momentum on many measures.  This year’s reportunderscores the international nature of fintech, with the broad geographicdiversity of the fintech companies featured. It is the Fintech 100 companiesthat are pushing the frontier of new products, services, technology andbusiness models in financial services. Those within the financial servicessector who ignore the innovations of the Fintech 100 cohort do so at their peril.” 

Toby Heap, H2 Ventures, commented: “In an industry that will soon be irrevocably changed by the disruptive effect of

innovation, the companies doing fintech best are those most likely to succeed. Already, some of the world’s major financial centres are equally becoming known as centres for fintech innovation: London and New York, and more recently Sydney.

“This year’s Fintech 100 highlights the truly global nature of fintech innovation,with startups from 20 countries on the list. Many of these companies have an X-factor that has captured our attention – exciting new fintechs with bold,disruptive and potentially game-changing ideas.”

Key highlights from the Fintech 100 report include:

1. Funding boom – The Fintech 100 companies have collectively raised in excess of US$10 billion.

2.Fintech is now truly a global sector – The list is comprised of 40

US companies, 20 from EMEA, 18 from the UK and 22 from ASPAC.

3. China fintech leads the world – Zhong An, a Chinese company, tops this year’s list, and there are 7 Chinese fintech companies on the list.

4. Australia is punching above its weight – Australia’s Society One and

Prospa appear in the top 50 Established fintechs; and there are seven

Australian companies in the Emerging Stars list.

5. Payments is most at risk of disruption - Fintech growth in payments,

currencies and transactions sees this segment now representing 25% of the

Fintech 100, a substantial uplift on last year.

6. Insurance finds its fintech footing - The top two companies on

the list are insurance fintechs (with 7 overall, compared to none last year).

7. Shift from disruptors to enablers – There are 25 ‘enablers’

(i.e. service providers to financial institutions) on the list this year,

compared to 7 last year.

The Top 10 companies in the Fintech 100 for 2015 are:

1.    ZhongAn (China)                                                       

2.    Oscar (USA)                                                             

3.    Wealthfront (USA)                                                     

4.    Qufenqi (China)                                                         

5.    Funding Circle (UK)

6.    Kreditech (Germany)

7.    Avant (USA)

8.    Atom Bank (UK)

9.    Klarna (Sweden)

10.  OurCrowd (Israel)

Emerging stars list

This year ten fintech companies from the emerging list will be invited to attend a KPMG & Matchi Fintech Summit in London on February 10-11th 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, plus membership and discounted deal-success rates with

Matchi, the online fintech match-making platform.

The ten companies will be announced in advance of the Summit.

The ‘Fintech 100’ was 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 & sector diversity

4.    Consumer & 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)

The full report can be found at www.fintechinnovators.com

About Fintech Innovators

Fintech Innovators was formed by H2 Ventures, in collaboration with KPMG, and publishes

information on the world’s most successful, exciting and high impact new

companies reshaping the financial services industry using new technologies.

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, China & Hong

Kong, India and Australia.

ENDS 

For further information contact:

Erfan Hussain, Interim Head of Press Office

T: +44 (0)20 7694 4208

M: + 44 (0)7768 043447

E: Erfan.hussain@kpmg.co.uk

Follow us on twitter: @kpmguk

KPMG Press Office: +44 (0)207 694 8773

Key highlights

From the Fintech 100 report include:

  • Funding boom – The Fintech 100 companies have collectively raised in excess of US$10 billion.
  • Fintech is now truly a global sector The list is comprised of 40 US companies, 20 from EMEA, 18 from the UK and 22 from ASPAC.
  • China fintech leads the world – Zhong An, a Chinese company, tops this year’s list, and there are 7 Chinese fintech companies on the list.
  • Australia is punching above its weight – Australia’s Society One and Prospa appear in the top 50 Established fintechs; and there are seven Australian companies in the Emerging Stars list.
  • Payments is most at risk of disruption – Fintech growth in payments, currencies and transactions sees this segment now representing 25% of the Fintech 100, a substantial uplift on last year.
  • Insurance finds its fintech footing – The top two companies on the list are insurance fintechs (with 7 overall, compared to none last year).
  • Shift from disruptors to enablers – There are 25 ‘enablers’ (i.e. service providers to financial institutions) on the list this year, compared to 7 last year.

The Top 10 companies in the Fintech 100 for 2015 are:

  • ZhongAn (China)
  • Oscar (USA)
  • Wealthfront (USA)
  • Qufenqi (China)
  • Funding Circle (UK)
  • Kreditech (Germany)
  • Avant (USA)
  • Atom Bank (UK)
  • Klarna (Sweden)
  • OurCrowd (Israel)

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 10-11th 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. 

The ten companies will be announced in advance of the Summit. 

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).

The full report can be found at www.fintechinnovators.com.

About Fintech Innovators

Fintech Innovators was formed by H2 Ventures, in collaboration with KPMG International’s global fintech practice, and publishes information on the world’s most successful, exciting and high impact new companies reshaping the financial services industry using new technologies.

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, China & Hong Kong, India and Australia.

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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.

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