The Fintech100 list is compiled by fintech investment firm H2 Ventures in collaboration with KPMG Global Fintech practice and includes both 50 established leading fintechs and 50 “emerging stars”.
In the past, some of Australia’s most prominent start-ups like Afterpay, Airwallex and Prospa have been represented on the list.
The process for selecting the top 50 established fintechs involves not only a nomination period but also a universal search across companies.
Companies are ranked on total capital raised, rate of raising, location and degree of sub-industry disruption as well as the judging panel’s rating on the degree of product, service, experience and business model innovation.
The emerging fintech recognised undiscovered companies, with judges looking for the players of the future and those with fresh new disruptive ideas.
The final list will be announced during Sibos in September, with global co-lead of KPMGs Global Fintech practice Ian Pollari saying was hoping to represent the global highlights of the fintech industry.
“The Fintech100 has tracked the ongoing emergence of the global fintech sector, with many of the companies growing from humble beginnings as nascent start-ups to major players in their sector.
“With 36 countries represented on the 2018 list, we look forward to uncovering and highlighting the next generation of top fintechs from across the world.”
Ben Heap, executive chairman of H2 Ventures, said that the fintech industry was constantly growing and lists like this shines a light on the best and brightest in the field.
“Last year, the top 50 companies on the list had raised an aggregate $A50 billion in the previous 12 months.
“This increased investment is leading to new financial technologies and business models that have the potential to transform financial services markets across the globe — and we hope to shine a light on the best and brightest in the 2019 Fintech100.”
Eliot Hastie is a journalist on the wealth titles at Momentum Media.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
Comments powered by CComment