SAN FRANCISCO, Oct. 24, 2016 /PRNewswire/ -- Fintech
Innovators, a collaboration between fintech investment firm H2
Ventures and KPMG Fintech, today announced the third annual Fintech
100 list of the world's leading innovators for 2016.
The full 2016 Fintech
100 report can be viewed at:
http://fintechinnovators.com.
The annual list includes 50 "Established" fintech companies
across the globe, as well as the most intriguing 50 'Emerging
Stars' – exciting new fintechs with bold, disruptive and
potentially game-changing ideas. The level of funding has
continued to rise for the Fintech 100, with companies on the list
attracting an additional US$14.6bn of
capital since last year's report, just 12 months ago.
In the U.S., 24 companies made the list of 100 including three
in the top 10: Oscar, (3) was the highest ranked U.S. company and
the highest ranked insurtech on the list. Avant (8) and Sofi (9)
were also in the Top 10.
"The fintech movement is undeniable, so it's not surprising to
see increased funding over the past year," said Annie Armstrong, co-leader of KPMG's Fintech
practice in the U.S. "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."
Overall, 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.
Toby Heap, H2 Ventures,
commented: "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 added: "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."
Some of the report's key findings include:
- China fintech continued to
dominate with four of the top five companies on the list
- More global competition emerged, with 17 countries represented
in the top 50 established companies, up from 13 last
year.
- New fintech subsectors emerged, including regtech (regulatory
technology), with 9 companies on the list.
- Insurtech continued its ascent, with 12 companies, almost
double last year's total.
The Top 10 companies in the Fintech 100 2016:
- Ant Financial - China
- Qudian (Qufenqi) - China
- Oscar - USA
- Lufax - China
- ZhongAn - China
- Atom Bank - UK
- Kreditech - Germany
- Avant - USA
- Sofi - USA
- JD Finance - China
About Fintech Innovators
Fintech Innovators was formed by H2 Ventures, in collaboration
with KPMG Fintech, and publishes information on the world's most
successful, exciting and high impact new companies reshaping the
financial services industry using new technologies.
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is
the U.S. member firm of KPMG International Cooperative ("KPMG
International"). KPMG International's member firms have 174,000
professionals, including more than 9,000 partners, in 155
countries.
About H2 Ventures
H2 Ventures is one of the emerging thought leaders in fintech
venture capital investment around the world. Founded by brothers
Ben and Toby Heap, and based in
Sydney, Australia, it invests
alongside entrepreneurs and other investors in early stage fintech
ventures.
Contact: Pete
Settles
KPMG LLP
201-505-6065
732-546-4212(m)
psettles@kpmg.com
@pgsettles
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/kpmg-and-h2-ventures-announce-the-worlds-100-leading-fintech-innovators-for-2016-300349569.html
SOURCE KPMG LLP