SAN FRANCISCO, Oct. 24, 2016 /PRNewswire/ -- Fintech Innovators, a collaboration between H2 Ventures and KPMG , today announced the third annual Fintech 100 list of the world's leading innovators for 2016.
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 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.
Toby Heap, H2 Ventures, commented: "The continued dominance ofChina, 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 – fromIndiatoIsrael, fromPortugaltothe 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.
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.