Chile and the Philippines top the list of emerging stars in fintech, a report says

Chile and the Philippines are the emerging stars in the fintech scene, a report from Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech, points out.

In fact as their third annual Fintech 100 list of the world’s leading innovators for 2016 includes 35 companies from the Americas, 28 companies from EMEA, plus 13 from the UK, and 24 companies from the Asia-Pacific region, the Emerging Stars list for 2016 includes companies from 19 countries, including fintechs from countries such as Chile and the Philippines, for the first time.

According to H2 Ventures’ Toby Heap, “The continued dominance of China, which rapidly rose last year to take the top spot, tells only part of the story. We are seeing the emergence of exciting fintech players in countries across the world – from India to Israel, from Portugal to the Philippines.”

However, “The U.S. continues to be a dominant player in fintech with strong levels of capital continuing to flow into U.S.-based startups, driven by both established companies and emerging disruptors,” said Annie Armstrong, co-leader of KPMG’s Fintech practice in the U.S.

The Top 10 companies in the Fintech 100 2016

Ant Financial – China
Qudian (Qufenqi) – China
Oscar – USA
Lufax – China
ZhongAn – China
Atom Bank – UK
Kreditech – Germany
Avant – USA
Sofi – USA
JD Finance – China


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