In collaboration with KPMG Fintech and Fintech investment firm, H2 Ventures, the 2018 Fintech100 report features the leading 50 'Established' fintech companies across the globe, as well as the most captivating 50 'Emerging Stars' with exciting, new products and solutions.
The Fintech100 signifies the rampant transformation happening within the financial services industry; an industry that is currently undergoing a widespread shift - with an increase of new players and established ventures building creative, leading-edge product offerings.
Chinese fintechs continue to dominate the Leading 50 list with three of the five top fintechs originating in China. Global competition continues to expand with fintechs originating from 36 countries, up from 29 countries in 2017. US fintechs topped the Fintech100 with 18 fintechs placed followed by 12 placed from the UK and 11 from China.
Companies in the Fintech100 list are selected following extensive global research and analysis based on data relating to five factors: total capital raised, rate of capital raising, geographic and sector diversity, consumer and marketplace traction, and 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.
- China comes out on top - 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.
- Global fintech competition expands - 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.
- US tops the Fintech100 - the US had 18 fintechs placed, including three of the top 10, followed by the UK with 12 and China with 11.
- The domination of payments - 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.
- The Rise of digital or “neo banks” - Digital banks continue to increase their representation with Monzo, Number26 and Starling Bank making their Leading 50 debut.
- Diversification of fintech - Payments and lending continue to be the dominant sectors, however wealth management is taking off, with 14 companies on the list and insurtech remains strong with 12 companies.
- Venture capital backing accelerates - The companies on the 2018 list have raised over US$52 billion in venture capital, more than double the total of last year's list, and more than US$27 billion of capital in the past 12 months, a 366 percent increase over last year.