Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG, today announced its list of the world’s leading fintech innovators, the 2016 Fintech 100.
The annual list includes the leading 50 Established fintech companies across the globe, as well as the most intriguing 50 Emerging Stars, which are new fintechs with disruptive ideas. Key highlights include:
China fintech continues to dominate, with four of the top five companies on the list. Global competition is expanding, with 17 countries represented in the top 50 Established companies, up from 13 last year, and 22 countries in the full Fintech 100. New fintech subsectors have emerged, including regtech (regulatory technology) and insurtech (insurance technology).
Oscar, at number three, is both the highest ranked insurtech and the highest ranked US-based company. In total, the Fintech 100 includes 35 companies from the Americas, 28 companies from EMEA, plus 13 from the UK.
The level of funding has continued to rise for the Fintech 100, with the 50 Established companies attracting an additional $14.6 billion of capital since last year’s report, an increase of more than 40 percent from 2015.
“The 2016 Fintech 100 demonstrates the acceleration of the disruption taking place in the global financial services industry, with more capital than ever being invested around the world in startups and established ventures that are creating new financial products and solutions,” says Toby Heap of H2 Ventures. “We are seeing the emergence of exciting fintech players in countries across the world, from India to Israel, from Portugal to the Philippines.”
“One of the striking features of the year’s list is the growing success of fintech disruptors, with more than 90 per cent of the top 50 ventures challenging incumbents or traditional business models,” said Ian Pollari, Global co-lead of KPMG’s Fintech practice. “The Fintech 100 companies are increasingly attracting a greater share of capital as well, raising more than 65 percent of total global fintech investment over the past year.”
The Top 10 companies in the Fintech100 2016:
- Ant Financial – China
- Qudian – China
- Oscar – USA
- Lufax – China
- ZhongAn – China
- Atom Bank – UK
- Kreditech – Germany
- Avant – USA
- Sofi – USA
- JD Finance – China
The Fintech 100 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 the X-factor.
The full Fintech100 2016 can be viewed at www.fintechinnovators.com.