Description
Now in its sixth edition, the report highlights innovative fintechs. These companies create products and services at the juncture of technology and financial services, seeking to disrupt dominant marketplace processes. Payments and transaction companies form the largest group on the 2019 Fintech100 list, representing 27 of the ranked firms. Wealth and insurance companies have continued to rise in prominence this year. Four of the seven Australian companies ranked are payments companies.
The Asia-Pacific region dominates the rankings. Ant Financial (China) takes first place for the second year running, followed by Grab (Singapore) and JD Digits (China). China has dominated the Fintech100 for three years, with three Chinese fintechs in the Top-10. We are also seeing the emergence of India as a fintech force, taking out two of the top 10 positions.
Seven Australian fintechs were selected among the world’s leading players. Cross-border payment provider Airwallex ranks highest at #32 on the Top 50 Established firms, rising from #49 in 2018. It’s followed by challenger bank Judo Bank at #33 and online payment service AfterPay Touch at #47. The Top 50 Emerging firms list includes several Australian fintechs. These include mortgage provider Athena Home Loans, voice analysis engine daisee, disaster response provider Sempo, and smart receipts app Slyp.
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