Aussie firms punch above their weight in Fintech100 list

Written on the 5 November 2019 by Business News Australia

Aussie firms punch above their weight in Fintech100 list

Australia has ranked fifth in terms of representation in this year's Fintech100 prepared by KPMG and H2 Ventures, with cross-border payment unicorn Airwallex the country's highest ranking firm at 32.

Co-founded by Jack Zhang (pictured), Airwallex completed a US$100 million Series C round in March giving it an estimated market value of more than US$1 billion.

"We are delighted to be recognised in the KPMG 2019 Fintech100 list as Australia's number one fintech," says Zhang.

"We are proud of the positive impact we've had on businesses all around the world, by transforming the way they manage their international payments.

"2019 has been Airwallex's strongest year yet. We've grown significantly in all aspects of the business, and are closing the year with over 400 employees across nine global offices. With ambitious and exciting plans in the pipeline, we look forward to rising to even greater heights in 2020."

Challenger bank Judo Capital was hot on Airwallex's heels in 33rd place, while buy-now-pay-later (BNPL) sensation Afterpay Touch (ASX: APT) also made the Top 50 in 47th place. 

However, the BNPL company founded by Nicholas Molnar and Anthony Eisen actually dropped 21 spots from last year's list, even though the its shares have more than doubled in value since this time last year.

The leading 50 fintech firms were then followed by the 'Emerging 50' - an unranked list in alphabetical order that includes four Australian companies: Athena Home Loans, AI voice data fintech daisee, humanitarian emergency support fintech Sempo and paper receipt eliminator Slyp.

All the Australian companies featured in the list are founder-led.

New Zealand's Latipay, which focuses on international remittances on a bilingual platform in Mandarin and English, also made the Emerging 50 list.

The top six companies on the list all had their head offices in Asia with China's third-party payments platform Ant Financial taking the top honours, followed by Grab (Singapore), JD Digits (China), GoJek (Indonesia), Paytm (India) and Du Xiaoman Financial (China).

The United States led the way in terms of representation with 15 companies in the list, followed by the UK (11), China (10) and India (8).

With its diverse range of companies Australia had a greater representation in the list than the likes of Germany (5), Japan (4), Singapore (4), France (4), Brazil (4), Spain (3) and Israel (3).

H2 Ventures-KPMG's Fintech100 Top 50

1. Ant Financial 

2. Grab 

3. JD Digits

4. GoJek 

5. Paytm 

6. Du Xiaoman Financial 

7. Compass 

8. Ola 

9. Opendoor 

10. OakNorth 

11. Lufax 

12. Klarna 

13. N26 

14. Robinhood 

15. SoFi 

16. Nubank 

17. TransferWise 

18. OneConnnect 

19. Clover Health 

20. Oscar Health 

21. PolicyBazaar 

22. Atom Bank 

23. Lendingkart 

24. Stripe 

25. Lemonade 

26. Revolut 

27. Monzo 

28. Banco Inter 

29. Toss 

30. Wealthsimple 

31. Affirm 

32. Airwallex 

33. Judo Capital 

34. Coinbase 

35. WeLab 

36. MoMo 

37. Kreditech 

38. Liquid 

39. Neyber 

40. Singlife 

41. Creditas 

42. Bankera 

43. Kabbage 

44. Raisin 

45. Metromile 

46. OurCrowd 

47. AfterPay Touch 

48. Collective Health 

49. Folio 

50. ZhongAn 

H2 Ventures-KPMG's Fintech100 Emerging 50 (in alphabetical order)

Acko General Insurance 

AlpacaJapan 

Arbor 

Athena Home Loans 

Banked 

Billie 

Binance 

Bnext 

Bowtie Life Insurance 

Cashlez 

Clik 

daisee 

Dether 

Finanbest 

Finhay 

FlexiLoans 

ForwardLane 

Habito 

InvestSuite 

Inviou 

Latipay 

Lunchr 

Masii 

MenaChain Solutions 

MioTech 

Moin 

Moonshot-Internet

Multiply 

Mylo 

Namaste Credit 

Next Insurance 

Oko Finance 

Omni:us 

OneDegree 

Open 

Papara 

Paystack 

PolicyPal

Rebel 

Rundit 

Sempo 

Silot 

Simply 

Slyp 

Spendesk 

Tokeny Solutions 

Toranotec 

TrueLayer 

Uala 

Yields.io 

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