On Monday, H2Ventures and KPMG Fintech teamed up to announce the third annual Fintech 100 list, which notably includes 50 “established” fintech companies from across the global and 50 “emerging stars.”
The Fintech 100 includes 35 companies from the Americas, 28 companies from EMEA, plus 13 from the UK, and 24 companies from the Asia-Pacific region. The Emerging Stars list for 2016 includes companies from 19 countries, including fintechs from countries such as Chile and the Philippines, for the first time. Sharing more details about the list, Annie Armstrong, co-leader of KPMG’s Fintech practice in the U.S., stated:
“The fintech movement is undeniable, so it’s not surprising to see increased funding over the past year. The U.S. continues to be a dominant player in fintech with strong levels of capital continuing to flow into U.S.-based startups, driven by both established companies and emerging disruptors.”
“The continued dominance of China, which rapidly rose last year to take the top spot, tells only part of the story. We are seeing the emergence of exciting fintech players in countries across the world – from India to Israel, from Portugal to the Philippines.”
Ian Pollari, global co-lead of KPMG’s Fintech practice went on to add:
“One of the striking features of this year’s list is the growing success of fintech disruptors, with more than 90 percent of the top 50 ventures challenging incumbents or traditional business models. These disruptors are increasingly attracting a greater share of capital, raising more than 65 percent of total global fintech investment over the past year.”
To see the full list, click here.