FinTech 100 is published! Again.
If you missed that incredible report (it is 5th edition already so shame if you did miss it :)), here quick explanation what it is in the creator's words:
"The Fintech100 is a collaborative effort between H2 Ventures and KPMG. The Fintech100 uncovers and evaluates the most innovative Fintech companies globally"
Exciting right? Which FinTech are the most innovative ones? Well, a lot of surprises and a lot of "sure things". Just to clarify - the summary is for 2018.
Takeaways
This year, the list featured companies from 36 countries.
The Fintech100 is divided into two sublists: Top50 and Emerging50.
As in last year’s report, China represents five of the Top 10 fintech companies in 2018. This follows the trend from previous years, as Chinese incumbents continue to scale with a heavy emphasis on payments and insurance.
Whilst payments and lending companies dominate the 2018 list, we also note the rise in the number of ‘neo-banks’, particularly across the UK and Europe.
My personal view (sharing some happiness :)):
I am really happy to see Kreditech on the list, where I had a pleasure to work. Congrats guys!
Also, on the list I found a lot of companies which I use and support, for example: Revolut, Monzo, Coinbase, Pleo. Thanks for making my life easier!
It is amazing to see African company like Cellulant among the top ones.
No surprises that Ant Financial leads the group (I personally admire Jack Ma so much that he became my hero and those who know me probably will tell that it is a small obsession :)).
Company from Healthcare industry - Oscar - who is working on such important goal as decreasing the cost of Healthcare. Innovations in that sector are crucial.
Robinhood and WealtSimple - as a trader (on the beginning of my road :)), I love that such a good platform is in the top. We need to educate people how to invest and gain financial freedom.
Klarna - created by polish guy - I will always support such businesses since I am Polish and love my country so much that every success of a polish person I treat as kind of my personal one :))
As a huge advocate of Blockchain, love to see on the list so many companies from that sector, for example: Quoine, Circle, Bankera, BlackMoon, BlockFi, Crypterium, KyberNetwork, Pundi, RipioCredit and my favourite one - PowerLedger - P2P solar energy trading blockchain technology.
Traditional industry also can be innovative - proved by SolarisBank and StarlingBank - kudos to you guys!
And.. worth to notice how many companies are focusing on emerging markets or cross-boarder (which is somehow connected with emerging economies as well :)). Will not copy the list since it would make that post too long - simply check it by yourself. The full list available here and on the end of the article.
Quick summary:
The sectoral breakup of the Fintech100 is as follows (visualisations for those who likes pictures more than words below :)):
34 payments and transactions companies,
21 lending companies,
14 wealth companies
12 insurance companies,
10 neo-banks,
4 “multi” companies (who play across sectors with multiple offerings),
5 “other” companies (including regtech and data analytics innovators who don’t fit into traditional categories).
The Fintech100 in 2018 includes:
18 countries from the UK and EMEA (Europe, the Middle East and Africa),
11 countries from Asia Pacific (including Australia and New Zealand), and
7 countries from the Americas (North and South America).
Authors selected the companies in the Fintech100 following extensive global research and analysis based on data across a range of dimensions. Including the core five factors noted below:
Average annual capital raised
Rate of recent capital raising
Geographic diversity
Sectoral diversity
X-factor: degree of product, service and business model innovation (a subjective measure that is applied only with respect to companies appearing on the Emerging list)
And Top 10:
Ant Financial is the world’s largest third-party payments platform
JD Finance is a digital technology company, dedicated to providing digital, online and offline all-scenario services around three key points - data, user and connectivity, using emerging technologies such as big data, AI, cloud computing, blockchain and IoT.
Grab uses data and technology to improve everything from transportation to payments across a region of more than 620 million people
Du Xiaoman Financial provides short-term loan and investment services
SoFi offers a range of lending and wealth management services catering primarily to early-stage professionals
Oscar Health seeks to radically transform health insurance through technology
Nubank is a Brazilian neo-bank that has issued over 5 million credit cards and 2.5 million digital payment accounts
Robinhood is a stock brokerage that allows customers to buy and sell U.S listed stocks and EFTs with zero commission
Atom Bank is the UK’s first purely digital retail bank
Lufax Holding is an online financial asset trading company and uses big data to analyse risk
Visualisation of countries:
Visualisation of industries:
