Chinese and Asia-Pacific companies dominate the top 10 in our latest 2019 Fintech100 - Leading Global Fintech Innovators report.
A collaboration between KPMG's global fintech practice and H2 Ventures, Fintech100 features the 'Top 50' fintech firms around the globe, and the 'Emerging 50' companies that are at the forefront of innovative technologies and practices.
Now in its sixth edition, the Fintech100 highlights truly innovative companies, creating products and services at the juncture of technology and financial services who are seeking to disrupt the existing processes and products that dominate the marketplace, with fintech companies from 29 countries featuring in this year's list.
As in 2018, this year's list showed payments and transaction dominating, representing 26 of the ranked companies, followed by wealth companies (20), insurance companies (17) and lending companies (15).
2019 Fintech100 – Top 10
- Ant Financial (China)
- Grab (Singapore)
- JD Digits (China)
- GoJek (Indonesia)
- Paytm (India)
- Du Xiaoman Financial (China)
- Compass (United States)
- Ola (India)
- Opendoor (United States)
- OakNorth (United Kingdom)
Key 2019 fintech trends
- Flow of capital continues to fuel financial services industry innovation – The Fintech100 companies raised over USD 18 billion in the last 12 months and more than USD 70 billion in their lifetimes.
- Leading fintech players attract a greater share of capital – Thirty-two of the Fintech100 companies have raised at least USD 100 million in the last 12 months (up from 26 last year)
- Innovation at scale – The Fintech100 companies are changing the world with the innovation they are driving and serving over 2.5 billion customers globally.
- China remains strong with India quickly rising to global prominence – Chinese fintechs have continued to lead the Fintech100 but two Indian companies cracked the 2019 top 10.
- Fintech normalizing, but still growing fast – An increasing number of traditional banking incumbents and global technology giants are as innovative as the startups, and are operating at scale.
- Traditional industry boundaries are blurring around the customer – As industries converge, payers from adjacent sectors motivated by the need to solve customer problems or remove friction points are entering financial services.
- Fintechs are globalizing – This year’s analysis shows an increasing number of fintechs rapidly globalizing across multiple jurisdictions.
- From monoline to mainstream – Early fintech innovators with monoline product propositions are now diversifying to fulfill customer needs, often through banking licenses, and supported by favorable regulatory developments.
- Open banking changing the landscape – Many companies on the Fintech100 list have benefited from open banking, allowing them to access customer banking data to create more personalized experience and services.
- Southeast Asia is the latest hot spot – Forty-two companies in the Fintech100 are from Asia-Pacific; 8 out of 11 companies that have raised over USD 1 billion in the past three years are from China, India, and emerging markets in Southeast Asia.
Read the full report to find out about the top 100 fintechs of 2019.