Fintech100 2019 (H2 Ventures)

Summary

• The 2019 Fintech100 report features leading fintech innovators from 29 countries divided into the Top 50 established firms and the Emerging 50 companies.p.4
• Companies on the 2019 Fintech100 list have raised over $70 billion in venture capital in their lifetimes and over $18 billion in the past 12 months.p.5
• Asia Pacific leads the 2019 list with 42 companies, followed by 36 from the UK and EMEA, and 22 from the Americas.p.4
• Sector breakdown includes 27 payments and transactions firms, 19 wealth companies, 17 insurance companies, 15 lending companies, 9 neobanks, and 13 multi-sector companies.p.4
• Thirty-two companies on the list raised at least $100 million in the past 12 months, and the top 10 companies raised an average of over $1.25 billion each.p.8
• Ant Financial ranks first on the list, having originated from Alipay founded in 2004.p.12

Key insights

1. Venture capital backing of Fintech100 companies increased by 35% compared to the previous year, reaching over $70 billion in total funding.p.5
2. Fintech100 innovators collectively serve over 2.5 billion customers around the globe.p.8
3. India is emerging as a global fintech force, featuring 8 companies in the 2019 list and 2 in the top ten.p.8
4. Early monoline fintech innovators are increasingly diversifying their offerings into mainstream banking services, often seeking formal banking licenses.p.9
5. Global policy shifts around open banking (such as PSD2, GDPR, and Australia's Customer Data Right) are accelerating competition and innovation across financial services.p.9
6. Eight of the 11 companies that raised over $1 billion in the past three years are based in the Asia Pacific region.p.9
7. OakNorth has provided over $2.2 billion in loans to UK small and medium businesses to date.p.21
8. At the end of 2017, Du Xiaoman Financial recorded a loan balance of 28 billion yuan ($4.42 billion).p.17