Irish student loan finance company, Future Finance, has ranked 34th of the leading 50 fintech companies globally.
Issued 24 October, 2018. Irish student loan finance company, Future Finance, has ranked 34th of the leading 50 fintech companies globally in the 5th annual KPMG/H2 Ventures Fintech100 report, moving up 5 places from 39th place last year. Online payment technology company Stripe, founded by Irish entrepreneurs John and Patrick Collison, ranks 15th in the report, moving up 2 places from 17th last year.
The KPMG/H2 Ventures Fintech100 report highlights dynamic fintechs from around the world that are transforming the financial services industry, ranking the ‘Leading 50’ fintech firms from around the globe based on innovation, capital raising activity, size and reach, and the ‘Emerging 50’ - new fintechs that are at the forefront of innovative technologies and practices.
Globally, China and the US dominate the Top 10, taking 7 out of the top 10 slots. Global highlights include:
Anna Scally, Partner and Fintech Lead, KPMG in Ireland, said "Dublin is now recognised as a growing centre for fintech development and it is fantastic to see Irish company Future Finance gaining recognition on the global stage, as well as Irish entrepreneurs John and Patrick Collison of Stripe building out their international presence here in Dublin. Other companies like global crypto finance providers Circle, ranking 40th this year, have also recognised the opportunity here in Ireland, opening their Circle Pay global HQ in Dublin last year.”
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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