- Australian companies made a strong showing in the H2 Ventures and KPMG 2018 Fintech100.
- The top placed Australian fintechs are AfterPay Touch and Airwallex.
- Also included are Agridigital, Look Who’s Charging, Nod, Power Ledger and Trade Ledger.
Two Australian fintechs, AfterPay Touch and Airwallex, have made it into this year’s global Leading 50 rank based on innovation, capital raising activity, size and reach.
The subset of the 2018 Fintech100, compiled by Australian venture capital firm H2 Ventures and professional services group KPMG, shows buy-now-pay-later business AfterPay Touch up 18 places from 2017 to 26th and cross-border payments company Airwallex a new entry at 49.
Five Australian companies made the 2018 Emerging 50 list: Agridigital, Look Who’s Charging, Nod, Power Ledger and Trade Ledger.
“Australia’s fintech ecosystem has once again demonstrated its global relevance, with a strong showing on the 2018 Fintech100,” says Ian Pollari, Global Co-Lead of KPMG Fintech.
“Both Afterpay and Airwallex show that local fintechs with global ambitions are able to attract customers to scale beyond our shores and raise capital from international investors.”
Ben Heap, Founding Partner at H2 Ventures, says venture capital backing of fintech companies continues to accelerate.
“It is encouraging to see Australian companies holding their own and competing on the global stage,” he says.
Chinese fintechs continue to dominate the top of the list, accounting for three of the top five places on the Leading 50 with Ant Financial in first, JD Finance second and Baidu fourth.
Singapore’s Grab was a new entry, taking third place, and US fintech Sofi moved up to fifth place.
The top four companies on this year’s list each having raised $1.4 billion or more in the last 12 months.
The Top 50 have raised an aggregate $38 billion over the past 12 months and $70 billion over their lifetime, while the Emerging 50 have raised a total of $1.4 billion in the last year and just under $3 billion since founding.
Payments companies dominate the Fintech100, with 34 in total, followed by 22 in lending, 14 in wealth management and 12 in insurance.
Digital or neobanks also increased their representation to 10 with Monzo, SolarisBank and Starling Bank making their Leading 50 debut.
The top 10 global companies in 2018 Fintech100:
1. Ant Financial (China)
2. JD Finance (China
3. Grab (Singapore)
4. Du Xiaoman Financial (Baidu Financial) (China)
5. Sofi (US)
6. Oscar Health (US)
7. Nubank (Brazil)
8. Robinhood (US)
9. Atom Bank (UK)
10. Lufax (China)
And the leading 50:
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