Nominations are now open for the 2018 Fintech100, recognizing innovation in the financial technology space from around the world.
Compiled by audit and tax firm KPMG in collaboration with Sydney, Australia-based investment company H2 Ventures, the Fintech100 — which involves 50 established firms and 50 emerging fintech stars — uses a ranking of companies on a number of fronts, including total capital raised, rate of capital raising, location, degree of sub industry disruption, along with a rating of each company’s products, service, customer experience and business model innovation.
Last year’s tally featured China taking home the top first, second and third places as well as nine companies in total making the list. The United States had the highest total by a wide margin, with 19 companies representing, while Canada was recognized for six companies: SecureKey, Wealthsimple, League, Borrowell, Wave and Sensibill.
“Canada increasingly punches above its weight in the fintech space as a wave of digital disruption is reshaping the financial services sector globally,” says John Armstrong, National Industry Leader for Financial Services at KPMG in Canada. “More than 300 fintech firms operate in Canada today, with that number expected to grow in the coming years. We look forward to seeing a good representation of emerging and established Canadian firms in the 2018 Fintech100.”
H2 Ventures reports that together, last year’s top 50 companies raised almost US$5 billion in total.
“The breadth of fintech innovation continues to expand, both geographically and in the disruptive nature of the applications and technologies,” says Ian Pollari, Global co-lead of KPMG’s Fintech practice.
“In 2017, there were 29 countries represented in the Fintech100 and while the majority of the fintechs on the list were focused on disrupting traditional business models, there were a number of emerging enabler companies, working across multiple sub-sectors. We are excited to see which companies rise to the top for 2018,” he said.
Nominations will be accepted until August 3, with the final list to be announced in October.