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.”
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.
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The Financial Services industry is transforming with the emergence of innovative new products, channels and business models. This wave of change is driven by evolving customer expectations, digitalization, as well as continued regulatory and cost pressures. KPMG is passionate about supporting clients to successfully navigate this transformation, mitigating the threats and capitalizing on the opportunities. KPMG Global Fintech comprises professionals in over 35 fintech hubs around the world, working closely with financial institutions and fintech companies, to help them understand the signals of change, identify the growth opportunities and to develop and execute on their strategic plans.
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H2 Ventures is a thought leader 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 - a leading fintech, data and A.I. accelerator.