#FinTech / At least 67 Fintech Unicorns Operating Globally, with North America Leading the Way, and Asian, European Markets Growing Fast

There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion… Fintech unicorns are companies valued at $1 billion or more. In the US, Silicon Valley Fintech Brex, Chime, digital asset exchange Coinbase, Dave, Robinhood, Insurtech Lemonade, Next, and Stripe have been identified as some of the most prominent Fintech Unicorns.

Other US-based Fintechs with a valuation of more than $1 billion includes Affirm, AvidExchange, and Ripple…

According to S&P, investor interest in private Fintech companies has “remained evergreen.” S&P Global Market Intelligence estimates that funding for private US fintech companies in 2020 will top the levels seen in 2019, both in terms of value and volume.

Meanwhile, in Europe, TransferWise, Checkout.com, Revolut, Starling Bank, Monzo, Rapyd, Klarna, and wefox are leading the charge as some of Europe’s largest Fintechs.

Some of the world’s largest Fintech firms are from Asia… China is home to many large Fintechs including Ant Financial (now called Ant Group), JD Digits, Du Xiaoman Financial, Lufax, OneConnect, and ZhongAn Insurance.

Fintech adoption in China remains strong due to the increased use of AI, digital wallets, WealthTech, and Robo-advisory services by businesses… WeLab, Bowtie, MioTech, OneDegree are some of the notable Fintechs in Hong Kong.

Major Indian Fintechs include Paytm, PolicyBazaar, Lendingkart, and Namaste Credit, among many others. Singapore is also home to some of the world’s most established Fintech firms including Grab, PolicyPal, Cashlez, among others. Indonesia is also emerging as a prominent Fintech hub.

In Australia, Airwallex and Judo Bank are among the leading Fintech solution providers along with digital banks 86 400, UBank, and Xinja Bank.

In South America, Nubank and Ebanx are among the leading Fintech unicorns.

… the global Fintech market is projected to reach a market capitalization of $300 billion by 2025, due to large investments in new technologies and infrastructure.

https://www.crowdfundinsider.com/2020/08/165319-at-least-67-fintech-unicorns-operating-globally-with-north-america-leading-the-way-and-asian-european-markets-growing-fast/?MessageRunDetailID=3175712049&PostID=18442649&utm_medium=email&utm_source=rasa_io