H2 Ventures together with KPMG released the 2018 Fintech 100 list. The list is meant to highlight dynamic FinTech Startups around the world transforming the financial services industry ranging from digital payments and lending, to insurtech, to neo-banking. The list also focuses on how the FinTechs attract investment at a record pace.
The Fintech 100 list includes the ‘Leading 50’ fintech firms around the globe, ranked based on innovation, capital raising activity, size and reach while the ‘Emerging 50’ is the list of new fintechs that are at the forefront of innovative technologies and practices new business models.
We are excited to have been included in the @H2_ventures and @KPMG Fintech100 2018 list of the world’s leading fintech innovators! 💃🏾.
Read more about the list here: https://t.co/S4zRY3xXJI#Walletng #Betterthanyourbank #Fintech100 pic.twitter.com/FP2q35djpG— Wallet.ng 🚀🚀🚀 (@thewalletng) October 23, 2018
In this year’s list, South Africa’s Thisisme, Kenya’s Cellulant and Nigeria’s WalletNG are the only 3 start-ups from Africa to make the list.
The 2018 H2 Ventures & KPMG #Fintech100 is now live! Find out which #fintech companies made the list in 2018! For the full report, head to: https://t.co/KLzYwt0c4B pic.twitter.com/T6gCFgNp5o
— H2 Ventures (@H2_Ventures) October 23, 2018
The US tops the Fintech 100 with 18 fintechs placed, including three of the top 10, followed by the UK with 12 and China with 11. Australia and Singapore place strongly with 7 and 6 Startups respectively.
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Key highlights from the 2018 Fintech100 suggest that 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. Singapore’s Grab was a new entry, taking third place while US fintech Sofi moved up to fifth place.
The 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.
Payments companies dominate the Fintech100, with 34 in total, followed by 22 in lending, 14 in wealth management and 12 in insurance. “Multi’s” (fintechs offering a broad range of financial services to customers) dominated the top of the list, led by Ant Financial.
Digital or “neo banks” also increased their representation to 10 with Monzo, Number26, SolarisBank and Starling Bank making their Leading 50 debut.