2018 FINTECH - 100 Leading Global Fintech Innovators

2018
FINTECH100
Leading Global
Fintech Innovators
2017
FINTECH100
Leading Global
Fintech Innovators
2016
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2017 Fintech100 Report FINTECH100

Leading Global
Fintech Innovators
Company #00
1 | Fintech Innovators 2016
1
FINTECH 100 2015 Fintech100 Report
Leading Global
“ Fintech Innovators
Report 2015
Company Description At a Glance
Tag Line
Located
Year Founded
Key People
Website
Specialisation
Staff Enabler or Disruptor
Key Investors
Ownership
Size
User Engagement
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The 100 Leading Fintech Innovators Report
2016 Fintech100 Report

The 50
Best Fintech
Innovators
Report
2014 Fintech100 Report
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About the List
The Fintech100 is a collaborative effort between H2 Ventures and KPMG. In its fifth year, the Fintech100
uncovers and evaluates the most innovative Fintech companies globally. The Fintech100 comprises
a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally that are taking advantage of
technology and driving disruption within the financial services industry. A judging panel comprised of
senior partners from H2 Ventures and KPMG has decided the final composition of the Fintech100 list.
H2 Ventures
H2 Ventures is a global thought leader in fintech venture capital investment. Founded by brothers Ben
and Toby Heap, and based in Sydney, Australia, it invests alongside entrepreneurs and other investors
in early stage fintech ventures. H2 Ventures is the manager of the H2 Accelerator – Australia’s only
dedicated fintech accelerator – and operates out of Sydney’s dynamic Startup Hub.
Twitter @H2_Ventures LinkedIn H2 Ventures Facebook H2 Ventures
KPMG Global Fintech

The financial services industry is transforming with the emergence of innovative, new products,
channels and business models. This wave of disruption is primarily driven by evolving customer
expectations, digitalisation, as well as continued regulatory and cost pressures. KPMG is passionate
about supporting our clients to successfully navigate this change, mitigating the threats and capitalising
on the opportunities. KPMG’s Global Fintech practice comprises of partners and staff in 45 fintech
hubs around the world, working closely with financial institutions and fintech companies, to help them
understand the signals of change, identify the growth opportunities and to develop and execute on
their strategic plans.
Twitter @KPMG LinkedIn KPMG
3
Dear Reader,
H2 Ventures and KPMG are excited to present the fifth annual ‘Fintech100’
report which compiles a list of the year’s best fintech innovators from
around the world.
The Fintech100 highlights truly innovative The Fintech100 in 2018 includes:

companies, creating products and services at the • 18 countries from the UK and EMEA (Europe,
juncture of technology and financial services who the Middle East and Africa),
are seeking to disrupt the existing processes and
• 11 countries from Asia Pacific (including
products that dominate the marketplace, with
Australia and New Zealand), and
fintech companies from 36 countries featuring in
• 7 countries from the Americas (North and South
this year’s list.
America).
The Fintech100 is divided into two sublists: (1) the

As in last year’s report, China represents five of the
‘Top 50’ established fintech firms around the globe,
Top 10 fintech companies in 2018. This follows the
which are ranked based on innovation, capital raising
trend from previous years, as Chinese incumbents
activity, size and country; and (2) the ‘Emerging 50’
continue to scale with a heavy emphasis on
firms, which are newer companies that are at the
payments and insurance.
forefront of innovative technologies and practices.
The sectoral breakup of the Fintech100 is as

We’ve selected the companies in the Fintech100
follows:
following extensive global research and analysis
based on data across a range of dimensions. • 34 payments and transactions companies,
• 22 lending companies,
Including the core five factors noted below: • 14 wealth companies
1. Average annual capital raised • 12 insurance companies,
2. Rate of recent capital raising • 10 neo-banks,
3. Geographic diversity • 3 “multi” companies (who play across sectors
4. Sectoral diversity with multiple offerings),
5. X-factor: degree of product, service and • 5 “other” companies (including regtech and data
business model innovation (a subjective analytics innovators who don’t fit into traditional
measure that is applied only with respect to categories).
companies appearing on the Emerging list)
Whilst payments and lending companies dominate
These selection criteria are the key metrics used the 2018 list, we also note the rise in the number of
to calculate the rankings of companies in the ‘neo-banks’, particularly across the UK and Europe.
Fintech100.
4
This year’s list reveals a significant jump in venture You can read all about these companies, and many
capital backing of fintech companies. The others, in the following pages.
companies on the 2018 List have raised over
US$52B in venture capital (almost double last year’s
We encourage you to visit www.h2.vc/f100 to find out
figure) and almost $28B of capital in the last 12
more.
months (a 366% increase).
Yours faithfully
We congratulate the Top 10 companies in the
Fintech100 for 2018:
1. Ant Financial is the world’s largest third-party
payments platform
2. JD Finance uses its e-commerce expertise to
provide finance across seven verticals including Ben Heap Ian Pollari
Founding Partner Partner & Co-Lead
consumer finance, crowd-funding and payment
H2 Ventures Global Fintech practice
services KPMG
3. Grab uses data and technology to improve @ben_heap @IP23E
everything from transportation to payments
across a region of more than 620 million people
4. Baidu (Du Xiaoman Financial) provides short-
term loan and investment services
5. Sofi offers a range of lending and wealth
management services catering primarily to
early-stage professionals
6. Oscar Health seeks to radically transform
health insurance through technology
7. Nubank is a Brazilian neo-bank that has issued
over 5 million credit cards and 2.5 million digital
payment accounts
8. Robinhood is a stock brokerage that allows
customers to buy and sell U.S listed stocks and
EFTs with zero commission
9. Atom Bank is the UK’s first purely digital retail
bank
10. Lufax is an online financial asset trading
company and uses big data to analyse risk
5
Around the World
Norway 1
Sweden 3
Lithuania 1 Russia 1
United Kingdom 12 Vietnam 1
Netherlands 1 Singapore 6 Japan 2
United States 18
Thailand 1
Ireland 1 Jordan 1 Korea 2
United Arab Emirates 1
Germany 4 Myanmar 1
Estonia 1 Indonesia 2
Canada 2
Denmark 1 Kenya 1
India 3
South Africa 1
France 3
China 11
Israel 1
Mexico 1
Barbados 1 Bahrain 1
Nigeria 1
Columbia 1 Brazil 3
Argentina 1
Australia 7
New Zealand 1
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Sectorial Breakup
34
Payments &
22
Lending &
14
Wealth &
Transactions Credit Brokerage
12
Insurance
10
Neo-Bank*
4
Multi**
5
Regtech &
Data Analytics
* Neo-Banks within a broader category known as Challenger Banks, are digital natives either without, or with
a recently granted banking license. They have digital as the only or predominant channel for engaging with
customers and challenge either the products, the user experience or the business models of traditional
banks and other financial services organisations.
** Multi’s are diversified, digital financial firms providing a seamless range of compelling products and
services to their fiercely loyal customers.
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Key Highlights 03
Chinese fintech giants expand their offerings
Four of this year’s Fintech100 top 10 companies, are
Chinese fintech firm’s. All spun out from Chinese
retail, insurance and internet giants including Alibaba
and JD.com. As these firm’s user numbers continue
to grow at a staggering rate, so do their product
offerings. Earlier this year Ant Financial pinned
01
additional funds to its Yu’e Bao platform to grow the
company’s consumer pool. And Tencent Holdings
recently invested USD $180M in Brazilian fintech
Aggregate capital raisings skyrocket Nubank. Of note in the wider region is Grab who
2018 has seen a surge in fintech capital investments. earlier this year launched its fintech arm which will
The ‘Top 50’ companies have raised over US$26B bring its group payments, rewards and loyalty, agent
in the last year alone and over US$50B in aggregate network and financial services under one umbrella.
04
capital over their lifetimes. The ‘Emerging 50’ raised
over US$1B in the last year and almost US$2B since
founding.
Spotlight on Neo-Banks
02
In the first half of 2018 five investment rounds
of over $100M were made into UK and European
neo-banks Revolut, Atom Bank, Nubank, N26 and
Major funding rounds skyrocket and increased Tandem. Without the weight of legacy technology,
diversification of notable investors they have leapfrogged over traditional infrastructure
26 companies on the Fintech100 have each raised at and moved faster with product innovation and
least US$100M in the last twelve months alone (up customer acquisition. Financial services incumbents
from 12 last year). Notably the first four companies also continue their move into digital-only offerings;
in the top 50 have all raised over US$1B in the last Marcus by Goldman Sachs recently launched in the
12 months; Ant Financial, JD Finance, Grab and UK after gaining over $20B worth of deposits just 18
Du Xiaomon Financial raised USD14.5B, US$1.9B, months after it’s US launch.
US$2B and US$1.9B respectively. Significant
Venture investors in Fintech companies include
Sequoia Capital and SoftBank, together with
strategic investors such as Alphabet (Google’s
Holding Company), BBVA and Tencent Holdings. 05
Internet giants = fintech
Having dabbled in financial services for years, big tech
groups, now more than ever, are deepening their
activity in the sector. Amazon is providing payment
services and loans to merchants on its platform,
while Facebook recently secured an electronic
money licence in Ireland. Alibaba, Baidu and Tencent
have become dominant operators in China’s $5.5
trillion payments industry.
8
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Spotlight on emerging markets
The Fintech100 includes a broad range of fintech
companies from 36 different countries (up from
28 last year), with companies from Argentina,
Bahrain, Colombia, Czech Republic, Indonesia,
Jordan, Malaysia, Myanmar, United Arab Emirates,
Vietnam and Thailand included for the first time. It is
noteworthy that almost half of this year’s companies
09
ICOs on the rise
were founded and continue to operate in emerging This year, 12 companies on the list (11 from the
markets. emerging 50) raised capital via an Initial Coin Offering
totalling $729M. The majority of those are from
Emerging markets including Lithuania, Russia,
07
Thailand, Argentina and Barbados. For better or
worse ICOs are proving to be an attractive and
innovative alternative to traditional capital raising
On-demand Insurtech business models pathways.
Disruption in the insurance space holds strong
with 12 insurtech companies on this year’s list.
Transformational technology and changing
consumer lifestyles are leading to usage-based,
on-demand and peer-to-peer models that are
reimagining the way insurance is both offered and
10
Diversity is a powerful driver of innovation
consumed. Insurtechs like Lemonade and Metromile We have seen an explosion of innovation over the
are using automation, data analytics, connected past five years, across geographics and sectors.
devices, and machine learning to build holistic And we attribute much of this innovation to the
policies for consumers that can be switched on and diversity of experiences, and the inherent creativity,
off on-demand. of the individuals that are founding so many of
these companies. Over 200 founders are behind
the companies on this year’s list and close to 1,000
08
founders have been recognised over the past five
years. These founders come from countries across
the world; they have experiences across industries
Asia Pacific on the rise inside and outside financial services; but they all
37 companies from the region feature on the list have ambition and vision. The Fintech 100 is about
are from Asia Pacific (up from 31 last year), including searching for hidden gems, the founders and
eight companies from Australia and New Zealand. companies that are changing the world.
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The 100
Leading 50 page
#01 Ant Financial 12 #17 Adyen 28 #34 Future Finance 45

#02 JD Finance 13 #18 Policybazaar 29 #35 Neyber 46
#03 Grab 14 #19 Klarna 30 #36 ZhongAn 47
Du Xiaoman Financial ACORN Oaknorth #37 TransferWise
#04 (Baidu Financial) 15 #20 Holdings 31 48
#05 Sofi 16 #21 Kreditech Holding 32 #38 Pushpay 49
#06 Oscar Health 17 #22 Monzo 33 #39 League Inc. 50
#07 Nubank 18 #23 WeLab 34 #40 Circle 51
#24 Number26 (N26) 35 #41 Lendingkart 52

#08 Robinhood 19
#25 WealthSimple 36 #42 Opendoor 53
#09 Atom Bank 20
#26 AfterPay Touch 37 #43 Metromile 54
#10 Lufax 21
OneConnnect Financial #27 Dianrong 38 #44 Folio 55
#11 Technology 22
#28 VivaRepublica (Toss) 39 #45 Lendix 56
#12 51 Credit Card Manager 23
#29 QUOINE 40 #46 GuiaBolso 57
#13 Revolut 24
#30 Kabbage 41 #47 Starling Bank 58
#14 Compass 25
#31 Affirm 42 #48 Coinbase 59
#15 Stripe 26
#32 OurCrowd 43 #49 Airwallex 60
#16 Clover Health 27
#33 SolarisBank 44 #50 Lemonade 61
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Symbols Explained
👤 How many staff work at the company
 Companies to watch in the coming years
Emerging 50 page
 Agri Digital 62  Konfio 79  Recordsure 96
 Anyfin 63  Kredivo 80  Ripio Credit Network 97
 Aqeed Technology 64  Kyber Network 81  Shift Technology 98
 Bankera 65  Liwwa 82  Singlife 99

Blackmoon Financial 83 100
 Group 66  Look Who’s Charging  Tala
 BlockFi Lending 67  MoMo 84  Tally Technologies 101
 Brex 68  Nod 85  TenX 102
 Cashaa 69  Omise 86  ThisIsMe 103
 Cellulant 70  Payr 87  Tide 104
 Cleo 71  PaySense 88  Tiger Brokers 105
 Coya 72  PayTabs 89  Tpaga 106
 Crypterium 73  Pleo 90  Trade Ledger 107
 DAYLI Financial Group 74  Plussimple (+Simple) 91  Varo Money 108
 Dreams 75  Polymath 92  Wallet.ng 109
 Funding Societies 76  Power Ledger 93  Wave Money 110
 Geru 77  Pundi X 94  WeBank 111
 InstaReM 78  Quantexa 95
presented in alphabetical order
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01
Ant Financial
“[Eric, CEO] has shown a unique combination of idealism, optimism and professionalism. He dreams big,
yet is down-to-earth. He keeps his eye on the future while making every day count,” Jack Ma
Ant Financial Services Group is dedicated to using Tagline Category

technology to bring the world equal opportunities. Their Bring small and beautiful Payments
technologies, including blockchain, artificial intelligence, changes to the world Ownership
sercurity, Internet of Things and computing, has helped
Located Private
Ant Financial and their ecosystem partners to serve the
unbanked and underbanked. China Rank Last Year
Year Founded 01
By the end of March 2018, together with their JV 2004 Staff
partners, Ant Financial served 870 million users
Key People 👤👤👤👤👤
worldwide. Brands under Ant Financial include Alipay,
Ant Fortune, Yu’e Bao, Zhima Credit, MYbank and Ant Eric Jing
Financial Cloud. Website
antgroup.com
Notable Investors
Temasek Holdings, GIC, China Investment Corp (CIC), CCB
Trust, China Life, China Post Group, China Development
Bank Capital, Primavera Capital Group, National Social
Security Fund (NSSF)
12
02
JD Finance
“Within 5 years, I’m sure we will surpass [Alibaba] to be the largest B2C platform in China.” - Richard Liu
JD Finance aims to improve the efficiency of the financial Tagline Category

services sector by moderating and managing risks, A ‘one-stop’ online Lending
operating seven key business drivers: supply chain finance, investment and funding Ownership
consumer finance, crowd-funding, wealth management,
platform. Private
payment services, insurance, and securities services.
Located Rank Last Year
Its services include JingBaobei (microloan platform), China 09
Baitiao (crowd funding platform), Jintiao and Xiaobai Year Founded Staff
(wealth management services). Since 2013, JD Finance
2013 👤👤👤👤 👤
has provided fintech services to more than half a million
corporate clients and 150 million individual consumers. Key People
Richard Liu
Notable Investors Website
Oils and Foodstuffs Corporation, China National Cereals, jd.com
CICC, China Creation Ventures, Sequoia Capital China,
Harvest Global Investments, China Taiping Insurance
13
03
Grab
“Southeast Asia’s digital economy is beginning to rapidly develop, and Grab is well positioned to be a
partner and enabler in this transformation.” - Anthony Tan
Grab is one of the most frequently used offline-to-online Tagline Category

(O2O) mobile platforms in Southeast Asia, evolving from Go cashless. Pay seamlessly. Multi
a ride-hailing platform to an everyday super app that
Located Ownership
provides essential services to consumers in this region.
Singapore Private
commute.
Year Founded Rank Last Year
Grab launched its proprietary digital payments platform, 2012 New to the list
GrabPay, in 2016 to facilitate ride-hailing payments
Key People Staff
and has since expanded to enable peer-to-peer fund
Anthony Tan 👤👤👤👤 👤
transfers, merchant transactions, insurance and micro-
lending services. Website
grab.com
Notable Investors
Toyota Motor Corporation, Vulcan Capital, Ping An
Capital, Oppenheimer Funds, Macquarie Capital,
Lightspeed Ventures Partners, All-Stars Investment,
SoftBank
14
04
Du Xiaoman Financial
“We believe that the application of AI technology in the financial sphere has already left the laboratory
phase, and officially entered the standardised application phase.” - Zhu Guang
Du Xiaoman Financial, which earlier this year split off Tagline Website
from it’s parent Baidu, provides short-term loans and Xiaoxiao Finance jinrong.baidu.com
investment services. As a financial technology company,
Located Category
Xiaoman Finance gives full play to Baidu’s AI advantages
China Multi
and technical strength in the era of intelligent finance,
and works with financial institution partners to provide Year Founded Ownership
more reliable financial services to more people. 2015 Private
Key People Rank Last Year

By the end of 2017, Du Xiaoman had a loan balance of 28
Zhu Guang New to the list
billion yuan (USD$4.42 billion).
Staff
Notable Investors 👤👤👤👤 👤
TPG, Carlyle Group
15
05
Sofi
“The growth has been incredibly strong, the demand has been really positive, and I want to make sure that
we are allocating our resources for the next wave of growth beyond 2018.” - Anthony Noto
Social Finance Inc. SoFi is an online finance company Tagline Category

that provides lending products including student loan A finance company that can Lending
refinancing, mortgages, and personal loans. SoFi’s help you get ahead Ownership
unconventional approach to underwriting considers
Located Private
account merit, employment records and a series of other
United States Rank Last Year
key factors, creating a more holistic way of serving their
customers. Individual and institutional investors are also Year Founded 11
able to positively impact social groups and the broader 2011 Staff
community while also gaining attractive rates of return. Key People 👤👤👤👤 👤
Anthony Noto
In June 2018, the company began offering customers Website
a checking account and debit card under a new offering
sofi.com
called SoFi Money.
Notable Investors
RPM Ventures, RSC Capital, SoftBank, Third Point
Ventures, Silver Lake Partners, DCM Ventures
16
06
Oscar Health
“Trying to change how the health care system in the US operates by starting an insurance company
wasn’t an idea that really anybody else had at that point.” - Mario Schlosser
Oscar, brainchild of US technology and healthcare Tagline Category

experts, is transforming the current state of the US Easy health insurance for you Insurance
healthcare system. The company is applying big data and your business. Ownership
and machine learning to reinvent preventative health
Located Private
care management and claims processing in an effort to
increase transparency and reduce the cost of healthcare.
Year Founded 04
Known for offering individual cover under the Affordable 2013 Staff
Care Act, Oscar plans on getting into Medicare Key People 👤👤👤👤 👤
Advantage in 2020, a deviation from the current offerings Mario Schlosser
in individual and employer insurance markets. Joshua Kushner
Website
Notable Investors
hioscar.com
Alphabet (Google Holding Company), Thrive Capital,
General Catalyst Partners, Khosla Ventures, CapitalG,
and Fidelity Investments, Founders Fund
17
07
Nubank
“Over 20 million people have applied for the card, there are active, engaged, customers that want to get
everything from us.” - David Vélez
Nubank offers a mobile phone application that controls Tagline Category

its own platinum Mastercard credit card, providing a You control your finances. Neo-Bank
seamless and simple spending experience. With 100% Located Ownership
digital channels and reduced paperwork frictions, Nubank
Brazil Private
does not charge fees for it’s card usage and can be used
in more than 30 million channels across the world.
2013 12
Over the last five years, Nubank has built a portfolio of Key People Staff
5 million customers for its no-fee credit card, while 2.5 David Vélez 👤👤👤👤 👤
million people have signed up for the company’s digital Website
bank account, launched a year ago. The company is www.nubank.com.br
positioned as one of the top 5 credit card issuers in Brazil
and the largest challenger bank in the world outside Asia.
Notable Investors
Tencent Holdings, Fortress Investments, Goldman
Sachs, Redpoint, Founders Fund, QED Investors, Sequoia
Capital, Tiger Global Management, DST Global
18
08
Robinhood
“We have an ambitious long-term vision to become a full-service financial services company over the
next couple of years.” - Vlad Tenev
Robinhood is a zero fee stock trading app that also offers Tagline Category
ETFs, options and, as of February this year, cryptocurrency Invest for Free Wealth
trading. They enable users with a zero commission model Located Ownership
to transact US stocks and ETFs.
United States Private
By slimming down the investment process and removing
excessive brokerage costs, their users can easily access 2013 50
the financial markets. In May, Robinhood surpassed its rival Key People Staff
E-Trade with 5 million brokerage accounts and $150 billion Baiju Bhatt 👤👤👤 👤 👤
in transaction volume. Vladimir Tenev
Nate Rodland
Notable Investors
Website
DST Global, Sequoia Capital, Iconiq Capital. Index www.robinhood.com
Ventures, Tim Draper, Andreessen Horowitz, Snoop Dogg
19
09
Atom Bank
“Banks are failing to manage the obsolescence of their current IT infrastructure. The adequate move for
banks to reduce their ponderous cost structure is through partnerships with Fintech solutions.” - Mark Mullen
Atom Bank is the UK’s first bank designed specifically Tagline Category
for digital, offering a range of personal and business The future of banking, Neo-Bank
banking products including Digital Mortgages by Atom, available today Ownership
four market-leading Fixed Saver accounts and secured
Located Private
Business Lending to SMEs.
United Kingdom Rank Last Year
The company, which has no physical branches, allows Year Founded 08

users to login using face and voice recognition and 2014 Staff
receive support from a 24/7 customer service team. By Key People 👤👤👤 👤 👤
March of this year, Atom had taken US$1.7 billion Anthony Thomson
of deposits and loaned over US$1.5 billion to SME Mark Mullen
businesses and homeowners in the UK.
Website
www.atombank.co.uk
Notable Investors
BBVA, Woodford Investment Management, Toscafund
Asset Management
20
10
Lufax
“The development of big data and AI will lead to the emerging of many new product portfolios for clients
to invest in diversified sectors.” - Gregory Gibb
Lufax is an Internet based lending and wealth Tagline Category

management platform, originally set up by Ping An Wealth management Lending
Group. Consumer lending remains a core part of its platform, investment and Ownership
operations with a key focus on the use of big data and
financing Private
IT technologies to formulate advanced risk assessment
models and implement risk control systems.
China 06
Its loan balance at the end of May 2018 was US$24.55 Year Founded Staff
billion. In September of this year they launched their first 2011 👤👤👤👤 👤
product in Singapore, a wealth management platform. Key People
Gregory Gibb
Notable Investors
James Zheng
CICC, CDH Investments, COFCO, Guotai Junan Website
Securities, China Minsheng Bank, BlackPine Private Equity
lu.com
Partners
21
11
OneConnnect (PingAn Yizhangtong)
“OneConnect’s ‘Smart Insurance Cloud’ aims to introduce artificial intelligence to the insurance industry,
to help in achieving its smart transformation.” -Ye Wangchun
OneConnect Financial Technology focuses on Tagline Category

providing solutions for small and medium-sized banks, Technology Makes Finance Other
increasing revenue, reducing cost and risk and boost Easier Ownership
competitiveness. OneConnect has built four service
Located Private
platforms based on Big Data, Blockchain, Financial Cloud,
China Rank Last Year
Intelligent Finance and other new technologies.
Year Founded New to the list
The four platforms - namely Direct Bank Cloud, Financial 2015 Staff
Cloud for small and micro enterprises, Interbank Asset Key People 👤👤👤👤 👤
Transaction and Personal Credit Investigation - aim Ye Wangchun
to offer small and medium-sized banks one-stop Website
comprehensive financial technology solutions. In
jryzt.com
mainland China, the company already serves 441 banks,
89 percent of the total.
Notable Investors
IDG Ventures, SBI Group
22
12
51 Credit Card Manager
“We have transformed ourselves as a mere tool to a closed service loop.” - Sun Haitao
U51.com operates an app that can intelligently manage Tagline Category

credit card bills with one click helping users to better Platform focused on providing Wealth
manage their own liabilities. It also provides wealth social network application Ownership
management products, online loan applications and
services. Public
other personal credit-based services in a holistic manner
to better serve their customer base.
China 27
As of the end of 2017, it managed approximately 106.3 Year Founded Staff
million credit cards, helping users complete a total 2012 👤👤👤👤 👤
of $15.6 billion in repayment transactions. Registered Key People
users across all apps have reached 81 million. Sun Haitao
Website
Notable Investors
u51.com
Yintai Group, Harvest Capital, Xinhu Zhongbao Co Ltd,
Tiantu Capital, JD.com
23
13
Revolut
“The reality is that what we’re trying to achieve is [to] build a 10x better financial services company that is
10x cheaper as well.” - Nikolay Storonsky
Revolut is a digital banking alternative that allows users Tagline Category

to transfer and spend money in various currencies Your digital banking alternative Payments
with no fees using prepaid cards and a mobile app. The Located Ownership
app also lets users track their spending and invest in
United Kingdom Private
cryptocurrencies and other financial products.
With close to 2.8 million users, opening 7,000 new 2015 22

accounts per day, Revolut is processing $3 billion in Key People Staff
monthly volumes. Last month the company announced Nikolay Storonsky 👤👤👤👤 👤
plans to expand into Asia via Japan, partnering with Website
Tokyo-based e-commerce group Rakuten. revolut.com
Notable Investors
DST Global, Sprints Capital, Ribbit Capital, Greyhound
Capital, Index Ventures, Balderton Capital
24
14
Compass
“Real estate is the largest asset class in the world, and we are excited to bring Compass technology to
international markets.” - Ori Allon
Compass is a real estate technology company with a Tagline Category

powerful end-to-end platform that supports the entire Let us guide you home Payments
buying and selling workflow. The platform uses Big Located Ownership
Data and cutting edge algorithms to provide the most
accurate pricing for homes and the most efficient route
to selling at the highest price.
2012 New to the list
The company plans to be in each of the top U.S. cities by Key People Staff
the end of the year and earlier this year made a move into Ori Allon, Robert Reffkin, Ugo 👤👤👤👤 👤
the commercial real estate market. Di Girolamo
Website
Notable Investors
compass.com
SoftBank Vision Fund, Qatar Investment Authority, IVP
(Institutional Venture Partners), Fidelity Investments
25
15
Stripe
“A number of high-growth technology companies are expanding to the real world, they want to do that on
Stripe.” - Patrick Collison
Stripe offers a means of accepting payments online and Tagline Category

in mobile apps, utilising bank accounts from local and The new standard in online Payments
international cards. The company processes billions of payments Ownership
dollars per annum, serving thousands of companies
Located Private
across a broad range of sizes.
By facilitating frictionless transactions, Stripe addresses Year Founded 17

a problem rooted in code and design, not finance. 2013 Staff
Its products have expanded to include credit cards, Key People 👤👤👤👤 👤
subscription-based billing and debit cards. In July this John Collison
year, the company partnered with digital payments Patrick Collison
providers Alipay and WeChat Pay to enable merchants
Website
using its platform globally to accept payments from
stripe.com
hundreds of millions of Chinese customers.
Notable Investors
Tiger Global Management, Thirve Capital, Sequoia
Capital, Kleiner Perkins, DST Global
26
16
Clover Health
“We are already seeing the extremely positive results that our technology is having on the lives of our
members and are optimistic about how we can begin to impact health on a global scale.” - Vivek Garipalli
Clover Health is a data-driven health insurance startup Tagline Category

focused on lowering costs and producing improved health Medicare done differently Insurance
outcomes. The company uses analytics and custom Located Ownership
software to direct clinical staff to proactively fill in gaps in
the care of elderly and low-income members.
Its technology has an 85 percent accuracy rate in 2013 23

identifying patients at risk of being admitted to hospital Key People Staff
in the next 28 days - an unmatched level of precision. Vivek Garipalli 👤👤👤👤 👤
Currently, Clover services members of the U.S. Medicare Kris Gale
Advantage Program, which has 18 million members in total. Website
cloverhealth.com
Notable Investors
Greenoaks Capital, Refactor Capital, Nexus Venture
Partners, DNA Capital, Wildcat Venture Partners, Sequoia
Capital, First Round Capital
27
17
Adyen
“The one thing that is most important is the ongoing innovation on our platform.” - Sam Halse
Adyen is an innovative player in the payments industry Tagline Category

providing advanced solutions to both online and Wherever people pay Payments
physical stores across the globe. The platform enables Located Ownership
streamlined global payment transactions, improving
Netherlands Public
customer experience, processes and ultimately
enhancing business performance.
2006 20
Mobile and Point-of-Sale avenues are available with over Key People Staff
187 transaction currencies and 250 payment methods. Pieter van der Does 👤👤👤👤 👤
In 2017 alone, the company processed payment volumes Arnout Schuijff
of $127 billion. Sam Halse
Website
Notable Investors
adyen.com
IIndex Ventures, Felicis Ventures, Temasek Holdings,
General Atlantic
28
18
Policybazaar
“Over the years we have acquired a huge customer base with unique needs. This presents a challenge
and an opportunity for us because sustaining momentum will be a critical factor for fuelling further
growth.” - Alok Bansal
PolicyBazaar, initially founded as an information portal Tagline Category

for learning about insurance, now operates India’s India’s Best Insurance Insurance
leading digital insurance brand and a marketplace that Destination Ownership
aggregates and selects deals from across the industry.
Located Private
India Rank Last Year
PolicyBazaar now accounts for 25% of all life insurance
policies being taken out in India and processes almost Year Founded Did not rank in 2017
300,000 transactions per month. 2008 Staff
Key People 👤👤👤👤 👤
Notable Investors Alok Bansal
SoftBank Vision Fund, Info Edge, Temasek Holdings, Yashish Dahiya
Wellington Management, Tiger Global Management Website
policybazaar.com
29
19
Klarna
“We are still moving at the speed of a fintech, but provide the trust and security of a bank. That makes us
a super rare animal.” - Sebastian Siemiatkowski
Klarna is a leading European provider of e-commerce Tagline Category

payment options which distinguishes payers from Making buying and selling Payments
buyers. This allows buyers to pay for pre-ordered items online simple. Ownership
upon or post receipt which can create a safer after-
Located Private
delivery payment solution. Klarna is particularly effective
Sweden Rank Last Year
in absorbing all credit and fraud risk for online stores,
guaranteeing sellers that they will safely receive their Year Founded 14
transaction funds. 2005 Staff
Key People 👤👤👤👤 👤
Having grown to 60 million users, the company recently Sebastian Siemiatkowsk
announced that it is gearing up to launch a hybrid Victor Jacobsson
payments-credit card around the world, a move poised
Niklas Adalberth
to transform the payments processor into a fully fledged
Website
digital bank.
klarna.com
Notable Investors
H&M Clothing Company, Permira, Creandum, VISA
30
20
ACORN Oaknorth Holdings
“My view is that a highly structured transaction is normally a bad one. If you build lots of bells and whistles
– things such as ratchets or options – into an investment, that’s generally bad.” - Rishi Khosla
OakNorth specializes in small-and-medium-enterprise Tagline Category

lending using its data and technology platform, ACORN Debt finance to businesses. Lending
machine. The platform leverages process excellence, Located Ownership
machine learning, and technology to drive data-driven
decision making across the loan lifecycle to help
automate banking services.
To date the company has lent over $2.2 billion to UK Key People Staff
businesses. The ACORN machine has been embedded Joel Perlman 👤👤 👤👤 👤
with banking partners across multiple countries, enabling Rishi Khosla
them to replicate OakNorth’s success in the UK, in their Website
own markets.
oaknorth.com
Notable Investors
Toscafund Asset Management, Coltrane Asset
Management, Clermont Group
31
21
Kreditech Holding
“By combining non-traditional data sources and machine learning, we provide better access to credit and
a higher convenience for digital banking services.” - Rene Griemens
Kreditech Holdings, a scoring company specialising in Tagline Category

micro and instalment loans, uses maching-learning to We’re building better access Lending
provide access to better credit for the underbanked. to credit through technology. Ownership
The business adopts big data, proprietary algorithms
Located Private
and automated workflows to acquire, identify and assist
Germany Rank Last Year
customers within minutes or even seconds.
Year Founded 07
Self-learning algorithms support the sophistication 2012 Staff
of technology to provide optimal customer service, Key People 👤👤👤 👤 👤
minimise costs, improve accuracy and take on new Alexander Muller
customer data for continuous improvements. Sebastian Diemer
Rene Griemens
Notable Investors
Website
PayU, Rakuten, International Finance Corporation, J.C.
kreditech.com
Flowers & Co., Victoria Park Capital, Värde Partners,
Kreos Capital, Global Founders Capital, Blumberg Capital
32
22
Monzo
“The internet lets you run these traditional businesses at a fraction of the cost.” - Tom Blomfield
Monzo is a digital bank focused on building the best Tagline Category

current account in the world. The no-fee, mobile based The bank of future Neo-Bank
solution eliminates physical branches, checks and much Located Ownership
of the friction that is part of the traditional bank offering.
Originally introduced as a prepaid debit card account
(named Mondo), the bank received its banking license in 2015 New to the list
April last year. Their 700,000 users have already spent Key People Staff
more than US$26 million in over 130 countries since Jonas Huckestein 👤👤👤 👤 👤
launch. Tom Blomfield
Website
Notable Investors
monzo.com
Goodwater Capital, Thirve Capital, Stripe, Passion Capital,
Orange Digital Ventures, Crankstart Foundation
33
23
WeLab
“We sought to empower our customers with faster, cheaper and more convenient access to financial
services. To do so, we created a mobile lending experiences which allows customers to obtain access to
credit through a few simple taps on their personal mobile devices.” - Simon Loong
WeLab’s mission is to innovate traditional credit services Tagline Category

in order to better serve consumers with a cheaper, faster We’re decentralizing finance Lending
and more hassle-free way of borrowing money. The Located Ownership
company’s lending platforms are powered by WeDefend,
China Private
the company’s proprietary risk management technology,
which combines machine learning, big data technologies,
and unstructured data to deliver a streamlined risk 2013 36
management and customer experience. Key People Staff
Simon Loong 👤👤 👤👤 👤
The company acts as a platform for users to apply for Kelly Wong
credit using their mobile phones. Since founding, the Frances Kang Tzu-ping
company has grown to over 30 million customers in Hong
Website
Kong and mainland China.
welab.co
Notable Investors
International Finance Corporation, Alibaba Entrepreneurs
Fund, Credit Suisse, Khazanah Nasional, Lakestar, ING
Group, Guangdong Technology Financial Group
34
24
Number26 (N26)
“We see this big opportunity of taking our business to 50 million — maybe 100 million — customers over
the next five to 10 years.” - Valentin Stalf
N26 offers a mobile banking app, operating without Tagline Category

a single physical branch, and doesn’t charge fees on The simplest way to bank Neo-Bank
transactions. It has a number of products on it’s platform Located Ownership
including a basic current account, international money
Germany Private
transfer, investment, overdraft, and cash withdrawal and
deposit at stores.
Expanding into the U.K. in August of this year, the Key People Staff
company expects to enter the U.S. market in the first Maximilian Tayenthal 👤👤👤👤 👤
quarter of 2019. With more than 1.5 million customers Valentin Stalf
signed up to the platform they recently launced ‘Spaces’, Website
a new feature allowing users to set aside money based
number26.eu
on their personal preferences and needs, across all
geographies.
Notable Investors
Tencent Holdings, Allianz X, Greyhound Capital, Horizon
Ventures, Valar Ventures
35
25
WealthSimple
“If a bank has a client sitting in a mutual fund who’s paying a 2 per cent fee, it’s hard for that bank to
cannibalize itself by introducing a digital advice offering that has a much lower fee. We don’t have that
problem - we can out-execute them.” - Michael Katchen
Wealthsimple is a rapidly growing online investment Tagline Category

manager that allows simple, cost effective and accessible Investing on Autopilot Wealth
investing. Largely aimed at millenials, Wealthsimple offers Located Ownership
personalized portfolios of diversified, low-fee, ETFs are
Canada Private
created for each client, and automation technologies are
utilised to manage and maintain them.
2014 29
The company also offers an on-demand advice and Key People Staff
help channel via phone, email or text under their ‘Wealth Michael Katchen 👤👤 👤👤 👤
Concierge’ brand. Newly expanded to the U.S. and the Dave Nugent
U.K., the company now has over a billion dollars in assets Website
under management.
wealthsimple.com
Notable Investors
Impression Ventures, Power Financial Corporation
36
26
AfterPay Touch
“We have the ability to be an enduring player in the global retail scene and what is absolutely imperative is
that we don’t cut corners, and keep focused on the customer.” - Anthony Eisen
AfterPay provides simple instalment plans for online Tagline Category

shopping users with an option to spread purchases Shop Now. Pay Later. In 4 Payments
across four equal instalments. Afterpay offers the option Simple Instalments. Ownership
to view and manage payment schedules as well as pay in
Located Public
advance before deadlines. The company estimates that
Australia Rank Last Year
it now processes more than 10% of all physical online
retailing in Australia. Year Founded 44
2014 Staff
Their move into the US in May this year has seen more Key People 👤👤👤 👤 👤
than 800 retailer contracts signed and over 150,000 Nick Molnar
registered customers having transacted. In August they Anthony Eisen
also announced their expansion into the UK with the
Website
aquisition of payments company ClearPay.
afterpay.com.au
37
27
Dianrong
“Today, only 15% of micro and small businesses have adequate access to credit. This funding gap is
particularly evident in large, complex supply chains where small businesses owners struggle to get the
basic financing needed to operate.” - Soul Htite
Dianrong designs and customizes lending products and Tagline Category

services with their sophisticated infrastructure, factoring The New Finance. For Lending
in industry-specific data and insights. Online risk- borrowers. For lenders. For Ownership
management and operation tools are key components
you. Private
of the product and service offerings. These offerings
include loan originations, investment products, and
marketplace lending solutions. China 31
Year Founded Staff
Dianrong originates US$500 million in monthly assets 2012 👤👤👤👤 👤
for 4 million retail lenders. Earlier this year the company Key People
announced that the next version of its supply chain Yuhang Guo
finance solution will be made available on Corda, R3’s
Soul Htite
blockchain platform for finance and business.
Website
Notable Investors dianrong.com
Dalian Finance Industry Investment Group (DFIIG), Orix

Asia Capital Ltd, CITIC Securities, AMTD Group
38
28
VivaRepublica (Toss)
“Korea’s online banking system is too complicated and inefficient. We created Toss to solve this problem
by combining every financial service in a single app, focusing on making the customer experience as easy
and frictionless as possible.” - SG Lee
Viva Republica, through its mobile appToss, provides Tagline Category

the simplest P2P mobile payments platform in Mobile Finance As It Should Payments
Korea. According to the company, their registered user Be. Ownership
base has doubled over the past year reaching eight
Located Private
million consumers, while the app is processing $1.4 billion
Korea Rank Last Year
in transaction volume per month.
Year Founded 35
Adding to its success in P2P payments, the company 2013 Staff
has launched over 10 financials services to become Key People 👤👤 👤👤 👤
a consumer mobile financial services platform. Toss Seung Geon Lee
partners with incumbent financial institutions and other Website
fintech players to provide users with services that cover
toss.im
all facets of their financial lives.
Notable Investors
Sequoia Capital China, GIC, PayPal, Goodwater Capital,
Bessemer Venture Capital, Altos Ventures
39
29
QUOINE
“Cryptocurrency markets need stability. Quoine’s Liquid is paving the way to a less volatile future by
improving liquidity within the cryptocurrency ecosystem.” - Mike Kayamori
QUOINE provides trading, exchange, and next-generation Tagline Category

financial services powered by blockchain technology. It was Financial Services on the Wealth
the first global cryptocurrency exchange to be officially Blockchain Ownership
licensed by the Japan Financial Service Authority. Moreover,
Located Private
its existing trading platforms, Qryptos and Quoinex, are
Japan Rank Last Year
among the most advanced in the world.
Year Founded New to the list
Last month the company launched Liquid, a cryptocurrency 2014 Staff
one-stop trading portal, which will allow users to access a Key People 👤👤 👤👤 👤
worldwide network of cryptocurrency exchanges. Liquid Mike Kayamori
allows users to match trades across multiple transactions Mario Gomez-Lozada
and cryptocurrencies. Currently QUOINE processes annual
Website
transactions worth over $50 billion.
quoine.com
Notable Investors
Jafco Asia, 8 Decimal Capital
*last round of funding was via ICO
40
30
Kabbage
“Everyone knows that banks have been underserving small business customers, but our transformational
moment came from asking why?” - Rob Frohwein
Kabbage is an online lender who’s vision is to dynamically Tagline Category

deliver products that small businesses need to Small Business Funding for Lending
operate and stay connected to the data that drives the the Real World Ownership
underwriting process for lines of credit.
Located Private
The company recently announced that it has lent a
total of US$5 billion to its customers, including US$1 Year Founded 10
billion that entrepreneurs have applied for on night and 2008 Staff
weekends - when traditional banks are closed. Emerging Key People 👤👤👤 👤 👤
as an enabler of larger financial institutions, Kabbage Rob Frohwein
recently announced a partnership with Canadian financial Marc Gorlin
services giant Scotiabank that will allow clients in both
Kathryn Petralia
Canada and Mexico to apply for small business loans of
Website
up to $100,000.
kabbage.com
Notable Investors
SoftBank, Reverence, Capital Partners, Yuan Capital,
UPS Strategic Enterprise Fund, Thomvest Ventures,
Scotiabank, Santander InnoVentures
41
31
Affirm
“The growth of the company has been excellent, funding is not winning, it means you’re committing
yourself to a higher outcome.” - Max Levchin
Affirm is an online lender who partners with brands and Tagline Category
retailers to offer shoppers a simple, no-interest payment Pay over time, on your terms Lending
option on purchases of up to US$1,000, with repayment Located Ownership
terms ranging from 3-36 months. The company charges
no hidden fees or compounding interest targeting
younger customers and immigrants, groups who are
traditionally underseved. Machine learning allows 2012 21
the company to extend credit to more creditworthy Key People Staff
borrowers and more accurately and fairly price risk for Max Levchin 👤👤👤 👤 👤
customers and do it instantly at the point of sale. Website
affirm.com
The company already partners with over 1,200
merchants and has facilitated over 1.5 million loans.
Notable Investors
GIC, Spark Capital, Ribbit Capital, Lightspeed Venture
Capital, Khosla Ventures, Founders Fund
42
32
OurCrowd
“With the most valuable companies in the world like Uber staying private for much longer, we’re
democratising early access to them. The minimums on venture capital funds are still $3 million to $5
million, which is out of reach for almost everybody.” - John Medved
OurCrowd provides an equity crowdfunding platform Tagline Category

for accredited investors to access and invest in Israeli A better way to invest in Israeli Wealth
companies as well as other businesses from around the startups Ownership
world. OurCrowd identifies opportunities, invests its own
Located Private
capital and creates a bridge between startups and an
Israel Rank Last Year
accredited pool of 10,000 international and domestic
investors. They are currently backing 150 startups across Year Founded 25
the globe and have helped 20 startups sucessfully exit. 2012 Staff
Key People 👤👤 👤👤 👤
The company now has offices in seven countries and John Medved
earlier this year hit a major milestone surpassing US$1 Steven Blumgart
billion in assets under management.
Website
ourcrowd.com
Notable Investors
Israel Seed Partners, Alta Berkley Venture Partners
43
33
SolarisBank
“Last year was about investing in the platform and showing what we can do, this year, we want to grow
volume categories above all.” - Roland Folz
One of the first technology companies in Europe to Tagline Category

procure a German banking license, solarisBank operates Enabling your business to Neo-Bank
as an API-accessible banking business. The company offer financial services Ownership
enables businesses to offer fully digital and fully compliant
Located Private
financial services to their end-customers.
Germany Rank Last Year
Their suite of banking services include bank accounts, Year Founded 19

KYC services, algorithmic scoring, transactions and even 2016 Staff
payment cards. Supporting the growth of the digital Key People 👤👤 👤👤 👤
economy is a key component of solarisBank’s vision. Andreas Bittner
Marko Wenthin
Notable Investors
Roland Folz
BBVA, Visa, SBI Group, Lakestar, Arvato Financial Website
Solutions, ABN AMRO Digital Impact Fund
solarisbank.de
44
34
Future Finance
“It’s important to understand why people go to Future Finance rather than banks. There’s a significant
opportunity to ‘serve the underserved’, not just students.” - Olga Dolchenko
Future Finance is Europe’s leading student lender Tagline Category

providing competitive tailored loans to that range in Helping students achieve Lending
size and are designed to pay for everything from living their dreams Ownership
expenses to tuition costs.
Located Private
Ireland Rank Last Year
Funds are released within 24 hours. Since 2013 the
company has lent over US$85 million to students and Year Founded 39
expects to issue between US$53-$94 million in student 2013 Staff
loans just in 2018. Key People 👤👤 👤👤 👤
Olga Dolchenko
Notable Investors Brian Norton
KCK, S-Cubed Capital, Invus, Fenway Summer Ventures, Website
Goldman Sachs futurefinance.com
45
35
Neyber
“We are building a digital experience for employees fit for the 21st century, where the best financial
products sit alongside personalised content and tools.” - Martin Ijaha
Neyber creates partnerships with employers in order to Tagline Category

provide employees with a range of financial management An Employee Benefit To Wealth
products, including salary-deducted loans and financial Improve Financial Wellbeing Ownership
education. Since 2015 the company has lent over US$90
Located Private
million, to the employees of clients like UK Police Service,
London City Airport, Anglian Water and NHS Trusts.
Year Founded Emerging Company
Last month Neyber partnered with robo-advisor 2014 Staff
Smarterly to launch investment portal SmarterCare Key People 👤👤 👤👤 👤
for business loans which will offer an investment ISA to Martin Ijaha
employees aloowing them to invest directly from their Ezechi Britton
salary at no cost to their employer.
Monica Kalia
Website
Notable Investors
neyber.co.uk
Goldman Sachs, Wadhawan Global Capital, Police Mutual
46
36
ZhongAn
“Our purpose is to build user loyalty through better user experience.” - Chen Jin
ZhongAn is an online property insurance company, Tagline Category

specialising in the use of big data to automate Tailored Insurance Insurance
underwriting and claims processes, design and tailor Located Ownership
products, and create precision marketing campaigns and
China Public
risk management strategies.
The company is a joint venture between Alibaba Group 2013 02

Holding, Tencent Holdings and Ping An Insurance, and Key People Staff
was the first company in China to receive an internet Chen Jin 👤👤👤👤 👤
insurance license. It caters to a broad target market, Xu Wei
across all economic groups. Jiang Xing
Website
Notable Investors
zhongan.com
SoftBank Vision Fund
47
37
TransferWise
“You need to offer a product that is 10 times better than the competition and you need to be doing this in
a big market.” - Taavet Hinrikus
TransferWise is a money transfer service allowing private Tagline Category

individuals and businesses to send money abroad without Banks charge a lot for Payments
hidden charges. The company, which has been profitable overseas transfers. We don’t. Ownership
since early 2017, moves more than US$1B around the
Located Private
world each month through it’s platform.
The company has partnerned with the likes of Monzo, Year Founded Did not rank in 2017
N26 and Estonia’s LHV which will see Transferwise power 2010 Staff
international payments for the challenger banks. Earlier Key People 👤👤👤👤 👤
this year the company also launched their borderless Kristo Kaarman
debit card in the UK with plans for a European roll out. Taavet Hirikus
Website
Notable Investors
transferwise.com
Old Mutual Global Investors, IVP (Institutional Venture
Partners), World Innovation Lab (WiL), Virgin Group,
Sapphire Ventures, Baillie Gifford
48
38
Pushpay
“In the long term, Pushpay is targeting over 50% of the medium and large church segments, an
opportunity representing over US$1 billion in annual revenue.” - Chris Heaslip
Pushpay provides engagement solutions that enable Tagline Category

meaningfull connections and mobile commerce tools Mobile Engagement Solutions Payments
that facilitate fast, secure and easy non point of sale for Churches and Nonprofits Ownership
payments. Pushpay provides convenient, personalised
Located Public
and intuitive engagement and payment solutions to the
New Zealand Rank Last Year
faith sector, not-for-profit organisations and education
providers. It’s app is a world first allowing users to make a Year Founded 42
secure donation or payment in 10 seconds or less. 2011 Staff
Key People 👤👤👤 👤 👤
Notable Investors Chris Heaslip
Alliance Equities, Christopher & Banks Private Equity Eliot Crowther
Website
pushpay.com
49
39
League Inc.
“We set out to build a platform that would empower people with their health every day and help them live
happier lives. Along the road, we discovered the way to do that was to completely re-invent health benefits,
making it the central portal through which employees access their health care.” - Michael Serbinis
League revolutionises health insurance into an innovative, Tagline Category

digital solution by providing options to tailor health-related Better Employee Benefits for Insurance
accounts on a streamlined mobile platform. Your Business Ownership
Located Private
Their suite of apps is designed to reduce the total
Canada Rank Last Year
operating costs for companies to deliver benefits
programs, the apps include a customizable digital wallet, Year Founded 41
behavioural-based health rewards and a marketplace 2014 Staff
where members can get deals on health and wellness Key People 👤👤 👤👤 👤
products. League is currently licensed to operate in all Michael Serbinis
50 US states and plans to begin operations in the United Dan Leibu
Kingdom and European Union next year.
Todd Humphrey
Dan Galperin
Notable Investors
Website
Telus Ventures, Wittington Ventures, RBC Venture
league.com
Partners, OMERS, Infinite Potential Group
50
40
Circle
“If people can exchange value over the internet without a toll extracted for payments it’s pretty dramatic,
it’ll make the web look like a cute experiment comparatively speaking in 10 to 15 years.” - Jeremy Allaire
Circle provides an application for users to take up Tagline Category

payment tools for Bitcoin and other digital currency The New Shape of Money Payments
services. Working to revolutionise consumer finance for Located Ownership
users (e.g. businesses and charities), Circle is deploying
simple, free technology for storing and using money.
Through Circle’s mobile apps, people across the globe
are able to transfer money, with greater easy and security 2013 30
as well as zero fees. Key People Staff
Jeremy Allaire 👤👤👤 👤 👤
With products such as Circle Pay, Poloniex and Circle Sean Neville
Trade already being adopted, Circle are also on the brink Website
of releasing investment app Circle Invest in Europe after
circle.com
success in the US.
Notable Investors
Bitmain, Tusk Ventures, Pantera Capital, IDG Capital,
General Catalyst, Digital Currency Group
51
41
Lendingkart
“We have one of the best tech capabilities in the digital lending space by virtue of being an early mover.” -
Harshvardhan Lunia
Lendingkart allows entrepreneurs to easily access Tagline Category

working capital finance options, eliminating or reducing Think Cash, Think Lendingkart Lending
their concerns or worries about cash flow gaps. Big data Group! Ownership
analysis and technology tools create a more efficient
Located Private
and effective way of evaluating one’s credit worthiness,
India Rank Last Year
subsequently offering other related services.
Year Founded 33
A potential client can have their credit risk profile 2014 Staff
evaluated and assessed, from their existing cash flows Key People 👤👤👤 👤 👤
and business growth. Thereafter, a short term revolving Harshvardhan Lunia
credit line can be arranged as working capital. After a Mukul Sachan
significant debt funding injection, the company is looking
Website
to expand it’s reach to over 1,200 cities across India.
lendingkart.com
Notable Investors
Fullerton Financial Holdings, Darrin Capital Management,
Saama Capital, Bertelsmann India Investments
52
42
Opendoor
“There are a finite number of homes, but if people are moving with more frequency, that increases the
liquidity of the supply in the system.” - Eric Wu
Opendoor makes it possible to receive an offer on a Tagline Category

home in just a few clicks, and sell in a matter of days, Get an offer on your home Payments
removing all of the headaches, uncertainties, and risks with the press of a button. Ownership
from the transaction.
Located Private
Whether selling, buying, or trading a home, Opendoor
dramatically simplifies the process and avoids customers Year Founded New to the list
being stuck waiting to sell their house before they can 2014 Staff
move or are forced to juggle two house payments. Key People 👤👤👤👤 👤
Currently operating in 10 markets, it plans to expand to Eric Wu
over 50. Ian Wong
Justin Ross
Notable Investors
Website
Softbank Vision Fund, Lennar Corporation, General
opendoor.com
Atlantic, Access Technology Ventures, Khosla Ventures,
Y Combinator
53
43
Metromile
“We strive to provide the fastest and simplest claims experience for our customers, and we are
successfully doing that by leveraging automation and artificial intelligence.” - Dan Preston
Metromile is revolutionizing car insurance through Tagline Category

technology with its pay-per-mile insurance model. The Pay-Per-Mile Insurance Insurance
company offers a device called the Metromile Pulse that Located Ownership
plugs into a car to monitor its hours on the road. Based on
this data, Metromile offers drivers tailored insurance plans.
Last July the company debuted Ava, an automated 2011 New to the list
assistant that uses car sensor data to verify insurance Key People Staff
claims on the spot. Using data derived from Pulse, Ava Dan Preston 👤👤👤 👤 👤
reconstructs the scene of the accident to establish what David Friedberg
happened and can automatically approve payments in the Steve Pretre
matter of seconds.
Website
metromile.com
Notable Investors
Tokio Marine, Holdings, Intact Financial Corporation,
Section 32, Index Ventures, First Round Capital
54
44
Folio
“Now we are going to offer advanced service on asset management, which gives customers an easy way
of investing. We will revive this country with financial technology.” - Shinichiro Kai
Folio offers an online security brokerage service in Japan, Tagline Category

specialising in thematic investing. With the mission to A Next-Generation Wealth
make investing barrier-free, Folio has built a securities Investment Service Ownership
brokerage platform from scratch.
Located Private
Japan Rank Last Year
The platform enables users to compile a diversified
portfolio, managing their assets through a robo-advisor, Year Founded New to the list
but also by choosing themes depending on what they are 2015 Staff
interested in or want to support. Key People 👤👤 👤👤 👤
Shinichiro Kai
Notable Investors Shunichi Kajiwara
Goldman Sachs, SMBC Venture Capital, Draper Nexus Hajime Hirono
Ventures, Dentsu Ventures, DCM Ventures Website
folio-sec.com
55
45
Lendix
“Lendix is a platform that allows SMEs to borrow outside the banking system directly from private and
institutional investors, which was impossible before.” - Olivier Goy
Lendix assists private, professional and institutional Tagline Category

investors in achieving attractive returns, and helps SMBs The #1 Lending Marketplace Lending
seek simple and efficient funding options beyond the in France Ownership
traditional offers from banking institutions. Upon project
Located Private
approval and interest rate determination, a project is
France Rank Last Year
submitted to a platform for investors to access. The
average time for financing completion is less than 10 days. Year Founded 45
2014 Staff
The company has also developed a tool called Iris, that they Key People 👤👤 👤👤 👤
hope will become the biggest intelligence database for Olivier Goy
European companies. Website
en.lendix.com
Notable Investors
Idinvest, Allianz, CIR SpA, Partech Ventures, Weber
Investissement, Zencap, Matmut, Decaux Freres
Investissement
56
46
GuiaBolso
“GuiaBolso is truly unique as a loved and growing consumer brand, that has leveraged its #1 finance app
to launch Brazil’s first credit marketplace with real-time online loan approvals.” - Benjamin Gleason
GuiaBolso empowers users in Brazil to better control and Tagline Category

understand their financial health and well-being. With an You own your money Lending
approach towards automation, the company has adopted Located Ownership
a solution to personal finance management which can
Brazil Private
assist customers on their path to financial freedom and
improve their relationship with money.
2012 48
Their app links customers bank accounts, creates Key People Staff
transparency for banking transactions, builds and Benjamin Gleason 👤👤 👤👤 👤
categorises goals and manages them on an automatic Thiago Alvarez
basis. Guiabolso’s 3.5 million customers also have the Website
option to alter, remove and grow their accounts to control
guiabolso.com
cash expenditures.
Notable Investors
Carlos Curioni, e.Bricks Ventures, Valor Capital Group,
Daniel Martins, Florian Otto, Kaszek Ventures, Ed Baker,
Omidyar Network
57
47
Starling Bank
“The banking transformation has begun, we’re enabling customers to pick and choose the applications
and services they need and how they use them.” - Anne Boden
Starling Bank is a mobile-only bank offering personal, joint Tagline Category

and business accounts. They are a fully licensed bank and See your money in a new way Neo-Bank
in 2017 became the first mobile only bank to be granted Located Ownership
approval from the PRA and FCA to offer customers
financial products including loans, insurance, mortgages,
ISAs and other investment products, all from within its app.
Earlier this year they inducted the first wave of fintech Key People Staff
startups to its Marketplace, providing customers with Anne Boden 👤👤 👤👤 👤
in-app access to a cornucopia of third party insurers, Website
pension providers, investment platforms and mortgage starlingbank.com
brokers. This year Starling has grown its user accounts by
almost 500 percent to over 210,000.
Notable Investors
Harald McPike
58
48
Coinbase
“I really want to see crypto be used by a billion people in the next five years.” - Brian Armstrong
Coinbase enables digital currency transactions between Tagline Category

traders, consumers and merchants via an online platform. Buy and Sell Digital Currency Payments
The company’s mission is to create a globally accessible, Located Ownership
open financial system. By allowing individual bitcoin
wallets and enabling connected bank accounts, Coinbase
ensures an improved buying and selling experience.
2012 40
The platform also offers a range of payment processing Key People Staff
options that can manage high traffic levels on the Brian Armstrong 👤👤👤👤 👤
internet. Fred Ehrsam
Website
Notable Investors
coinbase.com
Y Combinator, FundersClub, SV Angel, Union Square
Ventures, Digital Currency Group, Andreessen Horowitz,
Union Square Ventures, Reinventure Group
59
49
Airwallex
“Our primary focus is really on solidifying the connections between APAC and the rest of the world, we
scale as our customers scale.” - Lucy Liu
Airwallex facilitates cross-border transactions by offering Tagline Category

secure payments facilities that allow customers to fix Forex and International Payments
exchange rates for each transaction to reduce currency Payments, Re-Imagined Ownership
volatility.
Located Private
Australia Rank Last Year
The software also integrates with an invoice and
payments system through an online web portal. Their Year Founded Emerging Company
US$80M Series B raise in July of this year is the second- 2015 Staff
largest funding round in Australian history. Key People 👤👤 👤👤 👤
Lucy Yueting Liu
Notable Investors Jack Zhang
Tencent Holdings, Sequoia China, Square Peg Capital, Jacob Dai
MasterCard Website
airwallex.com
60
50
Lemonade
“People regard insurance as a necessary evil rather than a social good. We found it a little bit odd because
insurance is a fundamental social good.” - Daniel Schreiber,
Lemonade is a licensed insurance carrier which uses Tagline Category

artificial intelligence and bots to minimize paperwork Protect The Stuff You Love Insurance
and speed up the claims process for renters and Located Ownership
homeowners. Lemonade sold $10 million in policies last
year and offers them in 19 U.S. states and the district of
Colombia.
2015 Did not rank in 2017
Appealing to millienials the company has pioneered a Key People Staff

“Giveback” feature whereby customers join cohorts, and Daniel Schreiber 👤👤 👤👤 👤
if any premium remains after paying the cohort’s claims, Shai Wininger
fees, and reinsurance, that money goes to a collectively Website
designated charity.
lemonade.com
Notable Investors
SoftBank, Tusk Ventures, Sequoia Capital Israel, General
Catalyst, GV (formerly Google Ventures), XL Innovate
61

Agri Digital
“For farmers, the counterparty risks they take on can be reasonably extreme, so we’re looking at ways
to remove or mitigate that risk. We’re coming at it from a problem-first space, rather than a tech-first
space.” - Emma Weston
AgriDigital is an integrated commodity management

solution for the global grains industry. They combine Tagline Website
high-end technical and industry expertise with beautiful Transform the way you buy, agridigital.io
design and intuitive work flows to provide seamless sell and store grain. Category
solutions to complex commodity, logistical, risk and
Located Payments
customer management issues.
Australia Ownership
Through applied blockchain technologies, distributed Year Founded Private

ledgers and smart contracts, AgriDigital provides real 2015 Staff
time payment to growers, increased efficiencies for Key People 👤 👤👤👤 👤
brokers, flexible supply chain for buyers and financiers, Emma Weston
and paddock to plate transparency for consumers. Bob McKay
Ben Reid
Notable Investors
Square Peg Capital
62

Anyfin
“All the consumer has to do to save a bunch of money is to snap a picture of the credit card bill or loan
statement and we do the rest. Typically, we’re able to cut the cost of financing by more than half.” - Mikael
Hussain
Anyfin enables anyone to competitively refinance their

existing loans. With a combination of AI, publicly available Tagline Website
consumer data, and with additional information garnered Picture. A better loan. anyfin.com
through taking a photo of your existing loan statement, Located Category
they give a more complete picture than just your credit
Sweden Lending
score alone, which is the main data point used by most
Year Founded Ownership
original lenders.
2017 Private
Anyfin pays off your old debt and issues a new loan with Key People Staff
better terms. They earn money on the interest rate from Mikael Hussain 👤 👤👤👤 👤
the credits. Starting by helping borrowers lower their Sven Perkmann
monthly costs, Anyfin’s aim is to put a stop to shady Filip Polhem
business dealings often caused by high interest rates.
Notable Investors
Northzone, Accel, Global Founders Capital
63

Aqeed Technology
“Aqeed is the first digital insurance manager in the local market. We are creating our technology to cover
various aspect of the insurance value chain.” - Abi Nader
Aqeed is an insurance technology company that aims to

make insurance simple, transparent, and accessible. They Tagline Website
are the first digital insurance platform in the region that Insurance Made Simple aqeed.com
allows customers to not only buy their insurance online Located Category
but manage and service it as well.
United Arab Emirates Insurance
Customers can now compare, customize and buy in less
than 2 minutes. 2017 Private
Key People Staff
Notable Investors Hadi Radwan 👤 👤👤👤 👤
Equitrust - Choueiri Group Investment Fund Abi Nader
64

Bankera
“It actually took us four years to achieve the level of IT and regulatory infrastructure we posses now. While
developing bitcoin exchange spectrocoin.com we had to do a lot of vertical integration and begin offering
bank-like solutions for our customers. It evolved from there.” - Vytautas Karalevicius
Bankera is developing a bank to be the bridge between Tagline Website

the traditional world and the blockchain technology. Banking for the blockchain bankera.com
Bankera will offer three core services: payments, era. Category
loans and deposits and investment solutions such
Located Neo-Bank
as exchange-traded funds, crypto-funds as well as
Lithuania Ownership
roboadvisory solutions for wealth management.
Year Founded Private
With a high-skilled and dedicated team, innovative 2017 Staff
solutions and a strong foundation - Spectrocoin, a Key People 👤 👤👤👤 👤
leading cryptocurrencey exchange and blockchain Vytautas Karalevicius
wallet, Bankera is working towards its goal of becoming a
blockchain-based bank.
Notable Investors
Last round of funding via an ICO
65

Blackmoon Financial Group
“At Blackmoon, our mission is to make innovative investments easily tradable for all. Our investors can get
access to investment opportunities that were inaccessible in the past – from hedge funds and thematic
portfolios to algorithmic trading in cryptocurrencies – in any currency.” - Oleg Seydak
Blackmoon is a technology platform that provides

Marketplace Lending as a Service (MPLaaS) for balance Tagline Website
sheet lenders. In August 2017 they launched the Marketplace Lending as a blackmoonfg.com
Blackmoon Crypto platform as a one-stop solution for Service Category
asset managers to create and manage legally compliant
Located Lending
tokenized funds.
Russia Ownership
From technology and infrastructure to legal framework Year Founded Private

and corporate structuring, the platform allows any 2015 Staff
experienced and approved investment manager to Key People 👤 👤👤👤 👤
create a fund. Ilya Perekopsky
Oleg Seydak
Notable Investors
ICO, Target Global, Flint Capital, A&NN Investments
66

BlockFi Lending
“Our goal is to offer the most affordable and accessible lending product in the U.S. and beyond, our
focus is on providing crypto investors the ability to do more with their investments, and this mindset will
continue to drive our commitment to being the lowest cost provider.” - ” Flori Marquez
Based in New York, BlockFi is a secured non-bank Tagline Website

lender offering USD loans to cryptoasset owners who Loans backed by your blockfi.com
collateralize the loan with their cryptoassets. Their cryptocurrency Category
products bring additional liquidity to the blockchain
Located Lending
asset sector and meet needs of both individuals and
United States Ownership
institutions holding blockchain assets.
BlockFi holds clients’ Bitcoin and Ether with a registered 2017 Staff
custodian and issuing loans in USD to their bank Key People 👤 👤👤👤 👤
accounts. They are currently lending in 35 US states to Zac Prince
retail investors and companies. Flori Marquez
Notable Investors
Galaxy Investment Partners, ConsenSys Ventures
67

Brex
“We want to dominate corporate credit cards, we want every single company in the world, whenever they
do businesses expenses, to do it on a Brex card.”- Henrique Dubugras
Brex is rebuilding B2B financial products, starting with a

corporate credit card for technology companies. Tagline Website
Corporate Cards for Startups www.brex.com
Brex helps startups of all sizes to instantly get a credit Located Category
card that has 20x higher limits, completely automates
United States Payments
expense management, kills receipt tracking and magically
integrates with accounting systems.
2017 Private
Key People Staff
Notable Investors
Henrique Dubugras 👤👤 👤👤 👤
Greenoaks Capital, DST Global, Y Combinator, Ribbit
Capital, Peter Thiel, Greyhound Capital, Y Combinator Pedro Franceschi
68

Cashaa
“Cashaa is bringing blockchain into the lives of everyday people. Most people aren’t buying Bitcoin.
I wanted to take the power and flexibility of Auxesis and create a model that would solve common
problems.” - Kumar Gaurav
Cashaa is a next generation banking platform for the next Tagline Website
billion. Cashaa is creating a better bank, challenging legacy Next generation banking cashaa.com
banking by building an app and products with input from platform. Category
their community of users.
Located Neo-Bank
United Kingdom Ownership
Their blockchain based platform enables its community to
store, save, spend, recieve, borrow and get insured, with a Year Founded Private
simplified user experience in a legally compliant way. 2016 Staff
Key People 👤 👤👤👤 👤
Notable Investors Celestine Vettical
Celestial Holdings, 2F Capital Ltd (most recently an ICO) Felice Covelli
Janina Lowisk
Kumar Gaurav
69

Cellulant
“Actually, we didn’t set out to do payments, we set out originally to sell music through mobile phones.” -
Bolaji Akinboro
Cellulant is an award-winning mobile commerce company Tagline Website

operating a one-stop payments ecosystem in Africa; Life is Mobile cellulant.com
connecting businesses and governents to increasingly Located Category
mobile consumers. Cellulant now operates in 11
Kenya Payments
countries, with roughly 12% of Africa’s mobile consumers
now able to make payments using their services and
products. 2004 Private
Key People Staff
They are also building Agrikore, a blockchain based Bolaji Akinboro 👤👤👤 👤 👤
smart-contracting, payments marketplace system that Ken Njoroge
ensures that everone in agriculture can do business in a
trusted environment.
Notable Investors
The Rise Fund, Satya Capital, Endeavour Catalyst,
Velocity Capital & Progression Africa
70

Cleo
“There’s an arms race going on to become the financial interface for this generation.” - Barney Hussey-Yeo
Cleo is an artificial intelligence startup that offers an Tagline Website

intelligent assistant to help users to manage their Your AI pal, giving you a hand meetcleo.com
finances. with your money. Category
Located Wealth
With over 600,000 active users across the UK, US &
Canada, their mission is to become the default interface
for millenials interacting with and managing their money. Year Founded Private
2015 Staff
Notable Investors Key People 👤 👤👤👤 👤
Balderton Capital, LocalGlobe Aleksandra Wozniak
Barnaby Hussey-Yeo
71

Coya
“With our unique mix of insurance, tech and data science expertise, we are rethinking the insurance
business model from scratch. We put the customer first in all that we do, while building up cutting-edge
proprietary technology.” - Andrew Shaw,
Coya offers scalable protection at the point of need Tagline Website

with an AI risk guardian and simple, transparent, and Join the future of Insurance coya.com
personalised insurance cover. Located Category
Germany Insurance
Users can become insured with only a few simple clicks.
Coya will soon offer “micro-policies” that allow clients to
insure individual objects for only a few days or even hours. 2016 Private
Key People Staff
Notable Investors Andrew Shaw 👤👤 👤👤 👤
Valar Ventures, La Famiglia, e.ventures Peter Hagen
Sebastian Villarroel
72

Crypterium
“What Crypterium will do is make that whole process seamless and give an opportunity for a consumer to
actually use their cryptocurrency to pay for everyday items.” - Marc O’Brien
Crypterium is developing a mobile app that allows instant Tagline Website

payments in cryptocurrencey using existing payment Pay with crypto anywhere in crypterium.com
infrastructure such as NFC or QR codes. the world Category
Located Payments
It allows users to issue a virtual card, bind it to their crypto
Estonia Ownership
account, link it to Apple Pay, Samsung Pay or Android Pay,
and pay with crypto by simply using a smartphone. Year Founded Private
2017 Staff
Notable Investors Key People 👤👤 👤👤 👤
Last round of funding via an ICO Austin Kimm
Gleb Markov
Marc O’Brien
Steven Polyak
Vladimir Gorbunov
73

DAYLI Financial Group
“Based on technologies, data, and the grit that we call the ‘DAYLI spirit’, it has been DAYLI Financial
Group’s mission since the establishment to provide digital financial services that can enrich customers’
daily lives.” - Sean Shin,
The largest Fintech company in Korea, DAYLI aims to Tagline Website

provide financial services that enrich the customers’ Finance to enrich everyday daylifg.com
daily lives through proprietary technology and service life. Category
capabilities in artificial intelligence and blockchain, robo-
Located Wealth
advisors, financial platforms and cryptocurrency.
Korea Ownership
The company is working on creating an ecosystem Year Founded Private

called ICON that will allow government departments, 2015 Staff
universities, hospitals, securities, banks and any private Key People 👤 👤👤👤 👤
company to interact without third-party networks that Sean Seunghyun Shin
charge transaction fees or delay the process. Kevin Kangmin Park
Notable Investors
SBI Group
74

Dreams
“The more we grow, the demand of our users increases on different types of services and offers. Our
ambition is to always meet that demand and make it as good as possible.” - Henrik Rosvall
Dreams is a neo-bank that makes saving, spending and Tagline Website

lending money easy, engaging and social. Save to your dreams getdreams.com
Located Category
With a focus on user experience and behavioral science,
Sweden Wealth
users in Norway and Sweden have now saved over
US$100M with Dreams.
2013 Private
Notable Investors Key People Staff
Martin Randel Henrik Rosvall 👤 👤👤👤 👤
Joel Broms Brosjo
Johan Hemminger
Johan Stahle
75

Funding Societies
“It took 30 months to achieve our first S$100 million and six months for our second S$100 million. But the
industry is still nascent. We’d continue to focus on serving SMEs’ and investors’ needs.” - Kelvin Teo
Funding Societies is an online platform that connects Tagline Website

investors with small businesses that need funds, solving Peer-to-Peer Financing & fundingsocieties.com
the financial inclusion issue by making credit-worthy Investments Category
SMEs bankable.
Located Lending
Singapore Ownership
Currently operating in South East Asia they are the
first P2P platform to receive operating licenses from Year Founded Private
regulators in Singapore, Indonesia and Malaysia. This 2015 Staff
year they completed a US$25M Series B round lead by Key People 👤👤 👤👤 👤
SoftBank, the largest raised by a P2P lending platform in Iwan Kurniawan
Southeast Asia. Kelvin Teo
Reynold Wijaya
Notable Investors
Softbank Ventures Korea, Sequoia Capital India, Qualgro
VC, Line Corporation, Golden Gate Ventures
76

Geru
“We saw that the most interesting thing was to create a platform that would allow users to do the entire
operation on their own, through the site, with quick answers on credit applications.” - Sandro Reiss
Geru is a marketplace lender offering personal unsecured Tagline Website

term loans for prime and near prime borrowerers through The smart way to get a loan. geru.com.br
a fast, simple and transparent online experience. Located Category
Brazil Lending
Brazil’s first fully digital payroll loan product, Geru
developed its own credit score model using conventional
and alternative data. In March this year, the company 2013 Private
introduced payroll loans, under which employers discount Key People Staff
instalments from pay checks, in a partnership with French Sandro Reiss 👤👤 👤👤 👤
bank BNP Pariba’s Cetelem consumer credit unit. Tomas Correa
Karin Thies
Notable Investors
Chromo Invest
77

InstaReM
“The World Bank has acknowledged us as the most competitive remittance platforms in a number of
Asian corridors. We already account for 14% of the $2-billion Australia-India corridor, where we started
our remittance service.” - Prajit Nanu
InstaReM provides fast, secure and cost-effective digital Tagline Website

cross-border money transfer services to individuals and Send & Save instarem.com
businesses. InstaReM has created a unique payment Located Category
mesh in Asia, which is being leveraged by individuals and
Singapore Payments
corporates.
The company also offers a configurable, multi-featured 2014 Private

platform MassPay that helps corporates and SME users Key People Staff
to manage and control their high-volume remittances Michael Bermingham 👤👤 👤👤 👤
to multiple beneficiaries in multiple currencies via a Prajit Nanu
seamless process, enabling them to reduce cross-border
money transfer costs by up to 80%.
Notable Investors
Silicon Valley Bank, GSR Ventures, Vertex Ventures, SBI-
FMO Fund, Global Founders Capital
78

Konfio
“We believe in the power of entrepreneurship and are committed to help more business owners across
the country achieve their dreams.” - David Arana
Konfío is an online lending platform that helps micro- Tagline Website

businesses in Latin America who don’t have access A new financial service konfio.mx
to credit to obtain affordable loans. Their proprietary experience for SMEs. Category
algorithm processes thousands of data points to
Located Lending
measure creditworthiness and approves loans in real-
Mexico Ownership
time, allowing each applicant to save two months on
average. Year Founded Private
2013 Staff
Their mission is to boost the regional economy with Key People 👤👤 👤👤 👤
productive loans for young promising businesses who David Arana
need it the most. Francisco Padilla
Notable Investors
Vostok Emerging Finance, Quona Capital, QED Investors,
Kaszek Ventures, Jaguar Ventures
79

Kredivo
“Our goal is to become the preferred digital credit card for millennials in Southeast Asia.” - Akshay Garg
Operated by fintech company FinAccel, Kredivo functions Tagline Website

like a digital credit card, enabling consumers without Buy Now, Pay Later kredivo.com
a credit card to shop online on credit and pay later in Located Category
instalments.
Indonesia Payments
Kredivo has built a modern API to let retailers give their
customers innovative financing options. They now have 2016 Private
over half a million approved users, have credit scored Key People Staff
nearly two million e-commerce consumers, and is Akshay Garg 👤👤 👤👤 👤
available at over 200 merchants.
Notable Investors
SquarePeg Capital, Openspace Ventures, MDI Ventures,
Jungle Ventures, GMO Venture Partners
80

KyberNetwork
“With Kyber we aim to connect between ERC-20 tokens and use cases, so tokens can be seamlessly used
for payments, as collateral for lending, investing in funds and so on.” - Loi Luu
KyberNetwork is a new system which allows the exchange Tagline Website

and conversion of digital assets. The system provides Enabling Atomic Token Swaps, kyber.network
rich payment APIs and a new contract wallet that allow Everywhere Category
anyone to seamlessly receive payments from any token.
Located Payments
Users can also mitigate the risks of price fluctuations in
Singapore Ownership
the cryptocurrency world with their derivative trading.
Kyber’s on-chain liquidity protocol allows decentralized 2017 Staff
token swaps to be integrated into any application, Key People 👤 👤👤👤 👤
enabling value exchange to be performed seamlessly Loi Luu
between all parties in the ecosystem. Victor Tran
Yaron Velner
Notable Investors
ICO, 8 Decimal Capital
81

Liwwa
“liwwa is a marketplace lending platform that provides funding to small and medium businesses in Jordan.
Our mission is to support job and income growth in the region. “ - Ahmed Moor
Liwwa Inc is the first peer-to-peer lending platform in the Tagline Website
MENA region, connecting small and medium businesses Lend to Small Businesses liwwa.com
who need capital with fixed-income investors. Located Category
Jordan Wealth
The company’s peer-to-peer lease-to-own model
addresses the capital access and interest-free investor
return opportunities. Liwwa conducts in-house reviews of 2013 Private
a small business’s creditability and enables them to pay a Key People Staff
monthly fee to investors. Since 2015, Liwwa has enabled Ahmed Moor 👤 👤👤👤 👤
businesses to raise more than US$8M through over 220 Samer Atiani
loans.
Notable Investors
Silicon Badia, FMO, DASH Ventures
82

Look Who’s Charging
“I was a business owner and I was frustrated that I didn’t know more about the charges on the account
statement, it’s a problem the world over, not just in Australia.” - Stuart Grover
Look Who’s Charging is a global first business that makes Tagline Website
life easier for consumers, and saves banks a significant Make transaction not lookwhoscharging.com.au
amount of money, by identifying who has charged recognised a thing of the past. Category
their credit or debit card. More than 1.5 billion card
Located Other
transactions are not recognised by British and Australian
Australia Ownership
consumers each year.
Look Who’s Charging has solved this problem through 2016 Staff
its proprietary search engine which draws on hundreds Key People 👤 👤👤👤 👤
of different data sources to provide rich merchant details Stuart Grover
for over 95 per cent of the 13.5 million transaction David Washbrook
descriptions (per credit and debit card statements) in the
Nicole Grover
Australian market.
83

MoMo
“Our customers can use a lot of services, such as paying bills like electricity, water or cable, buying movie
tickets or shopping online.” - Pham Thanh Duc
Momo offers a mobile, electronic wallet and payment Tagline Website

application for iOS and Android devices. Its products help Mobile Money www.momo.vn
customers in Vietnam make nationwide cash transfers, Located Category
pay more than 100 types of bills, recharge mobile phone
Vietnam Payments
accounts, settle personal loans, and purchase services
such as software license and online game cards, airline
and movie tickets, etc. The company’s payment system 2013 Private
partners with 24 domestic banks and foreign payment Key People Staff
networks, including JCB, MasterCard, and Visa. Pham Thanh Duc 👤👤👤 👤 👤
They are both the largest and the fastest-growing
of Vietnams’s payment providers with over 8 million
customers and a growth rate of 15% in monthly
transaction volume and user base.
Notable Investors
Standard Chartered Bank, Goldman Sachs
84

Nod
“Our hope is that by reducing the cost and time associated with producing great advice, independent
advisory firms will be able to provide great advice to more clients.” - Joel Robbie
Nod is a natural language artificial intelligence platform Tagline Website

helping busineses in the financial advice and accounting Advice about money from an nod.money
industries to transform how they serve clients. Their expert on-demand. Category
software platform makes it easy for clients to connect
Located Other
with their advisers from wherever they are, and produces
Australia Ownership
compliant documents for financial advisers and
accountants in real-time to help them get advice to their Year Founded Private
clients as efficiently as possible, delighting them along 2015 Staff
the way. Key People 👤 👤👤👤 👤
Joel Robbie
Nod has also built some innovative adviser-side
technology including an automated fact-find process
and an AI engine that produces compliant statement of
advice documents.
Notable Investors
H2 Ventures
85

Omise
“All the great companies in the world, they always changed and pivoted their business models.” - Jun
Hasegawa
Omise is Thailand’s leading online payment enabler Tagline Website

offering a wide range of processing solutions for any Payment Gateway for Asia www.omise.co
business need. Being the only PCI 3.0 compliant startup Located Category
in Thailand, allows Omise to tokenize cards for one-click
Thailand Payments
payments and ongoing subscriptions bringing greater
simplicity and ease to the existing process, which can be
convoluted and frustrating. 2013 Private
Key People Staff
They offer a set of APIs and developer resources that can Ezra Don Harinsut 👤👤 👤👤 👤
allow new merchants to be online and accepting payment Jun Hasegawa
within 24 hours.
Notable Investors
ICO, SBI Asset Management, SMDV, SBI Asset
Management, Golden Gate Ventures, Ascend Venture
Group
86

Payr
“We learned so much from all our prototyping, user testing, sprinting and polling that we already have tons
of features we didn’t even think of in the beginning.” - Espen Grimstad
Payr is building innovative banking sevices for consumers Tagline Website

and businesses. Their first product is a payment service A simple app for bill payment payr.no
making it easier to pay bills for people in the Nordics. Located Category
Norway Payments
Their next generation payment platform empowers
consumers to pay invoices in flexible and smart ways.
Customers can pay any invoice using bank account, debit 2016 Private
or credit card or digital wallets, saving them time and Key People Staff
money. Payr also improves invoice payments by providing Espen Grimstad 👤 👤👤👤👤
truly independent price and quality comparison, enabling
simpler and fast switching to providers that offer greater
value to their customers. To service providers we greatly
reduce the cost per acquisition on customer referrals. To
invoice issuers we eliminate the invoicing costs.
Notable Investors
DNB
87

PaySense
“The consumer lending market in India is ripe for disruption and we are well equipped us to focus on this
huge, untapped market potential.” - Prashanth Ranganathan
PaySense is a consumer lending platform that gives Tagline Website

users credit in a customised manner. PaySense EMI, their Easily get a personal loan gopaysense.com
personalised line of credit, is similar to a personal loan and of up to Rs.2 Lakhs within Category
can be used to make instant purchases, whether online
minutes. Lending
or offline, through affordable EMI plans.
Located Ownership
The upper limit of credit disbursed is Rs 2 lakh, which will India Private
soon be increased to rs 5 lakh. Year Founded Staff
2015 👤👤 👤👤 👤
Notable Investors Key People
PayU, Nexus Venture Partners, Jungle Ventures Prashanth Ranganathan
Sayli Karanjkar
88

PayTabs
If you think back to why cryptocurrency launched, it is because of the massive collapse in 2011…
[It aimed] to make sure currencies and money is protected everywhere.” - Abdulaziz Al Jouf
PayTabs has established itself as a leading global payments Tagline Website

provider. An innovative economy payment processing Accept Payments Online paytabs.com
and fraud prevention company built to provide buyers and Located Category
sellers an advanced technology to pay and get paid.
Bahrain Payments
It’s focus is on assisting small and medium businesses to
make simple and secure transactions online. 2014 Private
Key People Staff
Notable Investors Abdulaziz Fahad Al Jouf 👤👤 👤👤 👤
Saudi Aramco Entrepreneurship Ventures
89

Pleo
”You need a totally different approach than in the software business. In fintech, you need to have a
finished, viable product when you launch.” - Jeppe Rindom
Pleo offers a simple, seamless spending solution for Tagline Website

employees. Admins can easily delegate payment cards Say goodbye to expense pleo.io
to their employees while being able to set individual limits reports Category
on each card. Employees can capture receipts on the fly
Located Payments
using their phone, then software matches receipts with
Denmark Ownership
expenses automatically. The entire company’s spending
can be tracked in real time and all expenses can easily be Year Founded Private
synced with the company’s accounting software. 2015 Staff
With over 1500 companies having adopted Pleo they will Jeppe Rindom
soon expand their services from the UK and Denmark Niccolo Perra
into other European countries.
Notable Investors
Kinnevik, Seedcamp, Creandum
90

Polymath
“The technology is why tokens are different than traditional ownership shares, they are programmable
and you can code them to do certain things to improve your business.” - Trevor Koverko
Polymath Network (Polymath) is a decentralized protocol Tagline Website

that makes it easier to raise capital and create security The Future of Securities polymath.network
tokens. The Polymath ST-20 standard embeds regulatory Located Category
requirements into the tokens themselves, restricting
Barbados Payments
trading to verified participants only.
The protocol simplifies the complex technical challenges 2017 Private

of creating a security token and aims to bring the multi- Key People Staff
trillion dollar financial securities market to the blockchain. Chris Housser 👤👤 👤👤 👤
Trevor Koverko
Notable Investors
91

Plussimple (+Simple)
“Boosted by the rise of artificial intelligence technologies, we now want to make it the most advanced
robot-broker in the world with the rise of its machine learning technology.” - Eric Mignot.
+Simple is an insurance Robo-Broker for freelancers, Tagline Website

small and medium businesses. Answer 5-10 questions Insurance for all your business plussimple.fr
and their technology will generate a tailor-made and activity. Category
competitive insurance package which can include 5-10
Located Insurance
products in one single policy.
France Ownership
Customers can sign and pay for their policies within Year Founded Private
minutes on a seamless e-commerce interface. +Simple 2015 Staff
also manages their clients claims. Key People 👤👤 👤👤 👤
Eric Mignot
Notable Investors Anthony Jouannau
Idinvest Partners, OneRagtime, Anthemis Group Salah Hamida
92

Power Ledger
“Tech like the blockchain will be deployed in these areas sooner than any other part of the world, and
Australia is in the position to be a fantastic testbed and a market leader,” - Dr. Jemma Green
The Power Ledger is bringing P2P solar energy trading Tagline Website
blockchain technology to the world. Their platform allows Energy, reimagined. powerledger.io
renewable energy asset owners to decide who they Located Category
want to sell their surplus energy to and at what price.
Australia Payments
Using blockchain technology they provide a transparent,
auditable and automated market trading and clearing
mechanism for the benefit of producers and consumers. 2016 Private
Key People Staff
Their technology enables the sale of surplus renewable Dave Martin 👤 👤👤👤👤
energy generated at residential and commercial Dr. Jemma Green
developments (including multi-unit/multi-tenanted) Jenni Conroy
and at homes and businesses connected to existing
John Bulich
electricity distribution networks, or within micro-grids.
Notable Investors
93

Pundi X
“A few years down the road we see a world where people own their own identities and data, where
everyone understands the concept and economics of digital property.”- Zac Cheah
Pundi X empowers blockchain developers and token Tagline Website

holders to transact cryptocurrency and services at any Making cryptocurrency pundix.com
physical store in the world. accessible to everyone Category
Located Payments
The world’s first comprehensive offline cryptocurrency
Indonesia Ownership
sales solutions, Pundi X aims to become
cryptocurrencey’s largest offline sales network. Year Founded Private
2017 Staff
Notable Investors Key People 👤👤 👤👤 👤
Last round of funding via an ICO Constantin Papadimitriou
Danny Lim
Pitt Huang
Zi Bin (Zac) Cheah
94

Quantexa
“As a tech start-up, we are challenging the status quo to change the mindset of a fast-moving market.
This takes sheer dedication and patience to truly achieve what you set out to do.” - Vishal Marria
Quantexa enables companies and institutions to make Tagline Website

better decisions from their data. Their revolutionary Connecting data. quantexa.com
technology is based on the latest developments in Empowering decisions. Category
big data software and uses real-time entity resolution
Located Other
with network analytics and AI to knit together vast and
disparate data sets and derive actionable intelligence.
It is led by a team of experts with a collective experience 2016 Staff
of over a century in advanced analytics and data focused Key People 👤👤 👤👤 👤
solutions. Vishal Marria
Imam Hoque
Notable Investors
Dawn Capital, HSBC, Albion Capital Group
95

Recordsure
“Recordsure unlocks powerful insights from customer conversations, helping firms mitigate risk, reduce
compliance costs and improve the customer experience” - Joanne Smith
Recordsure is an innovative analytics and automation Tagline Website

platform which uses bespoke AI technology to unleash Meitculous Detail. recordsure.com
revolutionary business intelligence from companies‚ Unprecedented Scale. Category
professional interactions including telephony, face-to-
Located Other
face meetings and written documentation.
Recordsure’s background is in the world of finance, where Year Founded Private

there are strict regulations in place requiring firms to be 2012 Staff
able to evidence that they have been selling to customers Key People 👤 👤👤👤👤
in a compliant manner. Recordsure was created to solve Joanne Smith
two problems faced in meeting these rules.
96

Ripio Credit Network
“Two things that are amazing about [ICO] technology are that, first, it’s truly global and allows [startups] to
capitalize a project from a global community. And, second, it also solves a huge issue in the region, which
is liquidity.” - Sebastian Serrano
Ripio, formerly known as Bitpagos, is a financial payments Tagline Website

company that provides electronic payment solutions for Buy bitcoins easily. ripiocredit.network
businesses in Latin America. It offers a range of financial Located Category
services for the emerging markets using the blockchain
Argentina Payments
technology to make a more accessible financial system.
The company helps merchants process international 2013 Private

transactions with credit cards or bitcoins for a fraction Key People Staff
of the cost, as well as helping consumers buy bitcoins Luciana Gruszeczka 👤👤 👤👤 👤
instantly with cash. In 2016 it launched Ripio Credit Mugur Marculescu
Network, a now global peer-to-peer credit network Sebastian Serrano
based on co-signed smart contracts and blockchain
technology.
Notable Investors
ICO, Digital Finance Group, Fenbushi Capital, Draper
Associates, Boost VC
97

Shift Technology
“By focusing on the specific requirements of the insurance industry, we have been able to build a unique
platform that helps the industry fight fraud more efficiently.” - Jeremy Jawish
Shift Technology provides insurance and e-commerce Tagline Website

companies with an innovative SaaS solution to improve Fight fraud with AI shift-technology.com
and scale fraud detection. The analyses performed by Located Category
Shift are fast and thorough, quantative and qualitative.
France Other
Its efficient algorithms are tailored to reproduce fraud
handlers’ deductive reasoning, making investigations 2014 Private
quicker and easier than ever. Key People Staff
David Durrleman 👤👤 👤👤👤
Notable Investors Eric Sibony
General Catalyst, Accel, Iris Capital, Elaia Partners Jeremy Jawish
98

Singlife
“The user-friendly interface smartly converses with customers, allowing them to understand their life
insurance coverage in as little steps as possible.” - Walter de Oude
Singapore Life is an independent life insurance company Tagline Website

and is the first local independent insurer to be licensed by Good value life insurance that singlife.com
the Monetary Authority of Singapore since 1970. you actually need Category
Located Insurance
Singapore Life features robust digital robo-underwriting
Singapore Ownership
and identity verification capabilities that dynamically
expedite the application and approval process. The Year Founded Private
purchase journey is intuitive and secure, can be done 2014 Staff
without assitance. Key People 👤 👤👤👤👤
Walter de Oude
Notable Investors Ray Ferguson
Impact Capital Holdings, IPGL, Caber Partners
99

Tala
“Tala’s innovation is our use of alternative data and mobile technology to understand and reach the
underserved.” - Shivani Siroya
Tala provides a credit scoring and reporting platform Tagline Website

to financial services institutions in emerging countries. Giving credit where it’s due tala.co
Traditional credit doesn’t work in emerging markets; Located Category
mobile does. Tala’s technologies are unlocking trillions of
United States Other
dollars in purchasing power in the world’s fastest growing
economies. Through their mobile app and unique
channel, they gather an average of 10,000 discrete data 2011 Private
points per user to provide personalized offers and deliver Key People Staff
real-time credit. Shivani Siroya 👤👤👤 👤 👤
Tala has now delivered over 6 million loans to nearly 1.3
million customers totalling more than $300 million.
Notable Investors
Revolution Growth, Thomvest Ventures, Ribbit Capital,
Lowercase Capital, IVP, Female Founders Fund
100

Tally Technologies
“When we started Tally, we wanted to bring a similar value to a broader range of people who are dealing
with the most widespread financial issue today: credit card debt. Robo advice for the 99%.” - Jason Brown
Tally wants to automate their customers financial lives, Tagline Website

starting with credit cards. It is the first app to unbundle Overcome credit card debt meettally.com
the credit card, putting power back into the hands of Located Category
consumers. Tally analyses users’ financial profiles to United States Payments
determine a way to pay down a consumer’s credit card Year Founded Ownership
debt and then takes action based on this information. 2015 Private
Tally also has its own underwriting and financing models,
Key People Staff
which allow it to pass on savings.
Jason Brown 👤 👤👤👤 👤
Jasper Platz
Earlier this year the company launched Tally Advisor its
first in-app, robo-advisor enterprise. The feature helps
users come up with a specific date for when they will
be debt-free and adjusts if and when users encounter
financial setbacks or have increased cash flow.
Notable Investors
Kleiner Perkins, Sway Ventures, Shasta Ventures, Cowboy
Ventures
101

TenX
“Whether used online or offline, TenX aims to make cryptocurrency spendable anytime, anywhere across
the globe.” - Julian Hosp
TenX aims to let you send and spend crypto money Tagline Website
anywhere, anytime. Their cryptocurrency payment Spend your cryptocurrencies tenx.tech
platform achieves this via the TenX mobile wallet, debit anytime, anywhere. Category
card bank account, ATM access and more. The wallet can
Located Payments
be loaded with a variety of different cryptocurrencies,
Singapore Ownership
including Bitcoin, Ethereum and Dash. Available as an
Android, iOS, and web app, the wallet supports TenX’s Year Founded Private
principle of always-on user access. 2015 Staff
The company allows users to spend at over 42 million Dr. Julian Hosp
points of acceptance online and offline, in almost 200 Toby Hoenisch
countries around the world.
Paul Kitti
Michael Sperk
Notable Investors
ICO, Chain Capital
102

ThisIsMe
“Imagine your bank account being drained until nothing is left, think of the effect that can have on you and
your family. Even if you don’t lose money by being hacked, you lose your privacy and put those closest to
you at risk.” - David Thomas
ThisIsMe brings trust into transactions through Tagline Website

proprietary, true identification technology. Their platform Verifying Identities On-Line thisisme.com
enables businesses to reduce fraud, automate KYC Located Category
checks, improve on-boarding and increase revenue
South Africa Other
while providing an on-demand, seamless customer
experience.
2013 Private
ThisIsMe holds the record for the fastest FICA verification Key People Staff
at three minutes. The company uses an array of tech David Thomas 👤 👤👤👤 👤
that includes artificial intelligence, bio-metrics, machine Juan Furmie
learning and tamper detection. Nadeem Shahid
103

Tide
“Tide is a next generation banking service which exists to make it easier for people who run SMEs to do
less banking and get back to doing more of what they love doing instead.” - George Bevis
Tide is the UK’s only mobile-first banking service Tagline Website

exclusively targeting small and medium enterprise Business banking re- tide.co
customers. Tide’s unique selling point is that it provides designed. Category
a less expensive and faster service to smaller businesses
Located Wealth
who lack the staffing to run the accounting and admin
sides of their busineseses efficiently. Since launching in
2017, Tide has acquired nearly 40,000 small business Year Founded Private
customers and surpassed 1B pounds of transactions in 2015 Staff
March of this year. Key People 👤👤 👤👤 👤
George Bevis
Notable Investors
Augmentum Fintech, Passion Capital,
Creandum, Anthemis Group, LocalGlobe
104

Tiger Brokers
“There will be dozens of companies from mainland China that will IPO in Hong Kong and the US, which is a
great opportunity for Tiger Brokers.” - Wu Tianhua
Tiger Brokers is an online brokerage that allows Chinese Tagline Website

investors at home and abroad, to trade stocks in the U.S, Get ready to invest for real. itiger.com
Hong Kong and mainland China market via the stock Located Category
connect scheme between Hong Kong and mainland stock
China Wealth
exchanges. It offers lower financing costs and commission
fees to attract investors. It also has an online community
for investors to share information and trading experience. 2014 Private
Key People Staff
33 months after its launch, the accumulated trading Wu Tianhua 👤 👤👤👤👤
volume of its mobile app reached $150 billion. Earlier this
year the company became an official strategic partner of
NASDAQ data to distribute its US stock market data to
the Chinese online world.
Notable Investors
Prospect Avenue Capital, Orient Hontai Capital,
Oceanpine Capital, CreditEase Fintech Investment Fund
105

Tpaga
“We became the first mobile wallet in Latin America that allows the unbanked to pay for petrol from their
cell phone.” - Andres Gutierrez
Tpaga is a mobile wallet for the unbanked. It allows Tagline Website

consumers in Latin America to store money via cash Pay your bills from your mobile tpaga.co
kiosk and then use it to pay for utility bills, cell phone top- phone in seconds Category
ups, groceries and even gas station merchants.
Located Payments
Colombia Ownership
Earlier this year they became the first mobile wallet in
Latin America to allow consumers to pay for groceries Year Founded Private
without having a bank account, and now allow unbanked 2015 Staff
businesses to start receiving payment without a POS Key People 👤 👤👤👤👤
system. Andres Gutierrez,
Juan Salcedo,
Notable Investors
Sebastian Ortiz
Y Combinator, Toro Ventures, Hack VC, Greyhound
Capital, Green Visor Capital
106

Trade Ledger
“We build a digital journey for our customer’s customer – for the bank’s customer. Having that view of an
end-to-end digital journey gives us a completely different scope and perspective on what the platform
should look like.” - Martin McCann
Trade Ledger is the world’s first business lending platform Tagline Website
that transforms digital data from business supply chains End to End Lending tradeledger.io
in real time, allowing banks to assess and regularly Automation Category
update credit and default risk of businesses they lend
Located Lending
to. Currently this is only done on a one-off or infrequent
Australia Ownership
bases on a very small sample of invoices, and not on any
other trade documents. Year Founded Private
2016 Staff
The Trade Ledger platform will finally give banks more Key People 👤 👤👤👤 👤
advanced network and data analysis technology than Martin McCann
global technology companies, in a lending segment that Matthias Born
has long suffered from a lack of technological innovation.
107

Varo Money
“We’re looking at how we can lower the cost of banking, particularly for people who have volatile cash
flows.”- Colin Walsh
Varo Money, is a financial technology company and Tagline Website

mobile banking business that helps customers cover Fee Free, the Only Way to varomoney.com
their expenses, pay their bills, and build their wealth Bank Category
over time. Working with Bancorp Bank, the company
Located Neo-Bank
offers FDIC-insured bank accounts with no monthly
United States Ownership
maintenance fees and no ATM withdrawal fees for money
withdrawn at more than 55,000 Allpoint ATMs. Year Founded Private
2015 Staff
In September of this year the company announced that is Key People 👤👤 👤👤 👤
had been granted a preliminary approval of its application Colin Walsh
for a national bank charter by the Office of the Controller Kolya Klymenko
of the Currency which would make it the first all-mobile
national bank in the US, pending the OCC’s final approval.
Notable Investors
Warburg Pincus, The Rise Fund, Manatt Venture Fund
108

Wallet.ng
“Wallet exists to improve the quality of your life, through payment instruments that connects you globally,
saving you costs when you make local transactions, responding to you immediately you need us.” - John Oke
Wallet.ng is a digital wallet/payments product that allows Tagline Website

users to make payments, transfer funds, pay bills and Send Money, Receive Money wallet.ng
withdraw from ATMs - all using their phone number. With and make payments using a Category
over 5,000 users they are primarily targeting students,
phone number Wealth
entrepreneurs, young professionals and expats.
Located Ownership
Last month alone they processed N234 million across Nigeria Private

just 17,000 transactions and have seen an average of Year Founded Staff
78% month-on-month growth in transaction volume and 2016 👤 👤👤👤 👤
value since January 2018. Key People
John Oke
Notable Investors
Microtraction
109

Wave Money
“We see ourselves as very complementary to the banks. We are not going to offer the full range of
services banks are offering. We offer only the basic financial services to avoid waste of time and make
money transfers easier for customers’ convenience.” - Brad Jones
Wave Money, a joint venture between Telenor, FMI, Tagline Website

Yoma Bank and Singapore Exchange list Yoma Strategic Easy and instant money wavemoney.com.mm
Holdings and operates as a mobile financial services transfer Category
provider.
Located Payments
Myanmar Ownership
Wave Money is a financial service platform targeting the
unbanked population in Myanmar. It is the first company Year Founded Private
to be regulated under the Mobile Financial Services 2015 Staff
Regulation and to secure a licence from the Central Bank Key People 👤👤 👤👤 👤
of Myanmar. Brad Jones
Notable Investors
Yoma Strategic Holdings
110

WeBank
“We don’t think of ourselves as running a traditional bank. WeBank is an internet platform through and
through, but one with a banking licence.” - Gu Min
WeBank is a private commercial bank with an online focus Tagline Website

that utilizes facial recognition security software. TenCent’s bank webank.com
Located Category
WeBank offers small loans and investment products
China Neo-Bank
through their online platforms. It was the first online-only
bank approved by Chinese regulators.
2014 Private
Notable Investors Key People Staff
Tencent Holdings Gu Min 👤👤👤 👤 👤
Gary Fang
Li Nanqing
111
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2018 FINTECH - 100 Leading Global Fintech Innovators

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2018 FINTECH - 100 Leading Global Fintech Innovators

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2018

2017 Fintech100 Report FINTECH100

FINTECH 100 2015 Fintech100 Report

The 100 Leading Fintech Innovators Report

2016 Fintech100 Report

2014 Fintech100 Report

Twitter @H2_Ventures LinkedIn H2 Ventures Facebook H2 Ventures

KPMG Global Fintech

Twitter @KPMG LinkedIn KPMG

The Fintech100 highlights truly innovative The Fintech100 in 2018 includes:

The Fintech100 is divided into two sublists: (1) the

The sectoral breakup of the Fintech100 is as

#01 Ant Financial 12 #17 Adyen 28 #34 Future Finance 45

#05 Sofi 16 #21 Kreditech Holding 32 #38 Pushpay 49

#06 Oscar Health 17 #22 Monzo 33 #39 League Inc. 50

#07 Nubank 18 #23 WeLab 34 #40 Circle 51

#24 Number26 (N26) 35 #41 Lendingkart 52

 Agri Digital 62  Konfio 79  Recordsure 96

 Anyfin 63  Kredivo 80  Ripio Credit Network 97

 Aqeed Technology 64  Kyber Network 81  Shift Technology 98

 Bankera 65  Liwwa 82  Singlife 99

 BlockFi Lending 67  MoMo 84  Tally Technologies 101

 Brex 68  Nod 85  TenX 102

 Cashaa 69  Omise 86  ThisIsMe 103

 Cellulant 70  Payr 87  Tide 104

 Cleo 71  PaySense 88  Tiger Brokers 105

 Coya 72  PayTabs 89  Tpaga 106

 Crypterium 73  Pleo 90  Trade Ledger 107

 DAYLI Financial Group 74  Plussimple (+Simple) 91  Varo Money 108

 Dreams 75  Polymath 92  Wallet.ng 109

 Funding Societies 76  Power Ledger 93  Wave Money 110

 Geru 77  Pundi X 94  WeBank 111

presented in alphabetical order

Company Description At a Glance

Ant Financial Services Group is dedicated to using Tagline Category

Company Description At a Glance

JD Finance aims to improve the efficiency of the financial Tagline Category

Company Description At a Glance

Grab is one of the most frequently used offline-to-online Tagline Category

Company Description At a Glance

Key People Rank Last Year

Company Description At a Glance

Social Finance Inc. SoFi is an online finance company Tagline Category

Company Description At a Glance

Oscar, brainchild of US technology and healthcare Tagline Category

Company Description At a Glance

Nubank offers a mobile phone application that controls Tagline Category

Company Description At a Glance

Company Description At a Glance

The company, which has no physical branches, allows Year Founded 08

Company Description At a Glance

Lufax is an Internet based lending and wealth Tagline Category

Company Description At a Glance

OneConnect Financial Technology focuses on Tagline Category

Company Description At a Glance

U51.com operates an app that can intelligently manage Tagline Category

Company Description At a Glance

Revolut is a digital banking alternative that allows users Tagline Category

With close to 2.8 million users, opening 7,000 new 2015 22