China fintechs take top three rankings, five of the top 10
Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech, has announced the 2017 Fintech100.
The Fintech 100 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.
China fintechs take the top three places on the list, and Chinese firms account for five of the top 10. Global fintech innovation continues to accelerate, with 29 different countries represented in the Fintech100, up from 22 countries in 2016.
“Disruptors” dominate – fintechs focused on disrupting traditional models represent 73 of the Fintech100.
Lending and payments focused companies continue to lead in terms of sectors, with 32 and 21 respectively on the full list. Fifteen companies are in transactions/capital markets and 12 are in insurtech.
Overall, the Fintech100 includes:
l 41 companies from the UK and EMEA (Europe, the Middle East, and Africa)
l 29 companies from the Americas (North and South America)
l 30 companies from Asia Pacific region (including Australia and New Zealand).
Ian Pollari, global colead of KPMG Fintech, said: “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$100 million (Bt3.27 billion), including ZhongAn’s US$1.5 billion raise in conjunction with its recent IPO on the Hong Kong Stock Exchange.
The Top 10 companies in the 2017 Fintech 100
1. Ant Financial – China
2. ZhongAn – China
3. Qudian (Qufenqi) – China
4. Oscar – US
5. Avant – US
6. Lufax – China
7. Kreditech – Germany
8. Atom Bank – UK
9. JD Finance – China
10. Kabbage – US
