Fintech Innovators, a collaboration between fintech investment firm, H2 Ventures and KPMG Fintech, today announces the world’s leading fintech innovators, publishing its Fintech 100 list for 2016.
Key findings include:
London – UK Fintech is second only to the US in prominence on this year’s top 100 fintech list and maintains a spot inside the top 10 established innovators with Atom Bank coming in sixth. However, the continued rise of Chinese fintech is indisputable with four of the top five companies on the list coming from China. Hangzhou-based Ant Financial takes the top spot in the 50 established innovators, and Qudian (Qufenqi), Lufax and Zhong An also feature in the top five.
This year shows a marked increase in global competition with 17 countries represented in the top 50 established companies, up from 13 last year, and 22 countries in the full Fintech 100 list. The fintech 100 includes 35 companies from the Americas, 28 companies from the EMEA - plus 13 from the UK, and 24 companies from Asia-Pacific.
The level of funding has continued to rise for the Fintech 100, with the 50 Established companies attracting an additional US$14.6 billion of capital since last year’s report, an increase of more than 40 percent in just 12 months.
Warren Mead, Global co-lead of KPMG’s Fintech practice added:
“This year’s Fintech 100 shows that the UK continues to be a powerhouse for global Fintech. The UK’s regulatory framework encourages innovation, there is excellent access to capital and skills and London is the world’s leading financial centre. But the emergence of China as a market leader, and the increasing globalisation of fintech means that UK policy makers, regulators and the industry will have to continue to work hard to maintain our position.”
Toby Heap, H2 Ventures, commented:
“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 startups and established ventures that are creating new financial products and solutions.
“The continued dominance of China, which rapidly rose last year to take the top spot, tells only part of the story. We are seeing the emergence of exciting fintech players in countries across the world, from India to Israel, from Portugal to the Philippines.”
Ian Pollari, Global co-lead of KPMG’s Fintech practice added:
“One of the striking features of the year’s list is the growing success of fintech disruptors, with more than 90 per cent of the top 50 ventures challenging incumbents or traditional business models.”
“The Fintech 100 companies are increasingly attracting a greater share of capital as well, raising more than 65 percent of total global fintech investment over the past year.”
“The report also 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”.
Highlights from the Fintech 100 report
The Top 10 companies in the Fintech100 2016:
1. Ant Financial - China
2. Qudian (Qufenqi) - China
3. Oscar - USA
4. Lufax - China
5. ZhongAn - China
6. Atom Bank - UK
7. Kreditech - Germany
8. Avant - USA
9. Sofi - USA
10. JD Finance - China
Emerging stars list
The Top 50 Emerging Stars list for 2016 includes companies from 19 countries, with fintechs included from countries such as Chile, the Philippines, and Mexico for the first time.
Selecting the Fintech 100
The Fintech 100 were 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 and sector diversity
4. Consumer and 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 Fintech100 2016 can be viewed at http://www.fintechinnovators.com/
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About Fintech Innovators
Fintech Innovators was formed by H2 Ventures, in collaboration with KPMG fintech, 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 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.
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals 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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