The Fintech 100 report of the world’s top 100 fintech companies in 2018 according to KPMG was published today.
Fintech 100 brings together truly innovative companies that create technology products and services in the financial services industry, and that are seeking to change existing processes and products that currently dominate the market.
The list is divided into two sub-lists: the top 50 are fintech companies ranked by innovation, capital raising, size and country, while the other 50 are more recent and emerging companies at the forefront of developing innovative technologies and practices.
The five main factors taken into account were:
- Average annual capital raised
- Rate of recent capital increase
- Geographical diversity
- Sectoral diversity
- Factor X, i.e. the degree of innovation of the product, service and business model (a subjective measure applied only to the emerging ones).
This year, 36 different countries are represented in this list, including 18 from EMEA (Europe, Middle East and Africa), 11 from Asia and the Pacific (including Australia and New Zealand) and 7 from the Americas.
In total, there are 34 companies that handle payments and transactions, 22 credit companies, 14 corporations, 12 insurance companies, 10 banks, 3 companies that operate in multiple sectors with multiple offers and 5 other companies of regtech and data.
The companies on this list have raised more than $52 billion in venture capital and nearly $28 billion in capital in the last 12 months alone, an increase of 366% over last year.
But here are the top 10 fintech companies:
- Ant Financial
- JD Finance
- Du Xiaoman Financial
- Oscar Health
- Atom Bank
Worthy of note is the eighth place of Robinhood, the American app that allows you to trade without commission, and that has recently added cryptocurrencies to its available assets.
Among the Top 50, there are also other crypto companies, such as Revolut, Quoine, Circle and obviously Coinbase.
Even among the 50 emerging ones, there are crypto and blockchain companies, such as Bankera and Power Ledger.