H2 Ventures KPMG Fintech 100 – Presenting the world’s leading fintech innovators for 2017
2017 Fintech 100 Leading Global Fintech Innovators
The Fintech 100 showcases the world's leading 50 ‘Established’ fintech companies as well as the most captivating 50 ‘Emerging Stars’.
A collaboration between KPMG Fintech and Fintech investment firm, H2 Ventures, the 2017 Fintech 100 features the leading 50 'Established' fintech companies across the globe, as well as the most captivating 50 'Emerging Stars' – exciting new fintechs with bold, disruptive and potentially game-changing ideas.
The Fintech 100 demonstrates the acceleration of the disruption taking place in the global financial services industry, with more capital being invested around the world in startups and established ventures that are creating new financial products and solutions.
While China fintech continues to dominate with first, second and third place held by Chinese tech firms, global adoption of fintech innovation continues to accelerate, with 29 different countries represented, up from 22 countries in 2016. This year, we see the financial services industry becoming an interconnected ecosystem, with innovators working with global financial institutions.
The fintech companies were 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, China, China - First, second and third place on this year's Fintech 100, are occupied by Chinese fintech firms - continuing a trend several years in the making, and indicating the extraordinary rise of fintech in China.
- Aggregate capital raisings - The top 50 companies have raised USD$4.8 billion in the last year alone and over US$27 billion in aggregate capital over their lifetimes. Within the 'Emerging 50', over USD$600 million has being raised in the last year and just over US$1 billion has been raised in total (since founding).
- Major funding rounds - Twelve companies on the Fintech100 raising over US$100 million, notably ZhongAn’s US$1.5 billion raise in conjunction with its recent IPO on the Hong Kong Stock Exchange.
- Geographic diversification - The 2017 list includes a broad range of fintech companies from 29 different countries, with companies from Korea, Mexico and Poland included for the first time. It is clear that no one nation or region 'owns' innovation – fintech is a global phenomenon.
- UK & EMEA dominate 'Emerging 50' - 26 companies from the UK & EMEA are listed on the 'Emerging 50' list, compared to 10 in the Americas, and 14 in Asia (including Australia and New Zealand).
- Asia Pacific on rise - 30 companies from the region feature on the list, with many in the 'Emerging 50', including 10 companies from Australia.
- Disruptors stand out - Disruptive technologies continue to dominate the top 50 – companies who are radically changing their industry paradigm for all players. However, the importance of enablers remains steady, with 27 of these companies represented.
- Lending holds the fort - The number of lending-related businesses continues to stand out this year. Disruption in lending continues to be a focus given the size and profitability of the segment.
- Data at core of fintech business models - Data is the lifeblood of any financial institution, and will be a critical foundation for the successful adoption of any advanced analytics and artificial intelligence.
- Open banking around the world - Increasingly, enablers adopting plug-and-play models for banks and financial institutions, with open banking regulation seen a major catalyst for this change. This year, 15 companies on the list seek to be a part of this solution.