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Top 5 Fintech Startups Globally

“Pierre Gramegna”, Luxembourg’s Finance Minister said: ” Fintech is not only an enabler but the driving engine”. financial technology is growing rapidly. it is a sector focused on developing new technologies to disrupt traditional financial markets.

FinTech is an amalgamation of finance and technology, it is fast paving a new way for the future of the financial world. It is only a matter of time when everything around us will have FinTech as its focal point. There are a number of fintech firms have transitioned from starting up to be valued at billions of dollars. But start-ups aren’t the only companies disrupting the financial services, as competition from established fintechs continues to put pressure on mainstream financial institutions.

Here is a look at the top ten fintech companies from around the world

1- Ant Financial

The most valuable fintech in the world. owned by Chinese e-commerce giant “Alibaba”. Officially founded in 2014, it has originated from Alipay –the world’s leading third-party payment platform founded in 2004, With a market capitalization of at least $60 billion.

In addition to Alipay, Ant Financial runs Ant Fortune, Ant Financial Cloud, and other financial services “credit rating service Sesame Credit”. Ant Financial and its affiliates cover wealth management, credit reporting, private bank, payments, and cloud computing. Its business value was estimated at a whopping $75 billion in 2016. Ant Financial tops the list of the most anticipated IPOs.

Ant Financial

2- Lufax

One of the largest online peer-to-peer “P2P” lenders and International financing company owned by “Ping An Group” in China, It matches borrowers to investors on its digital platform. It’s Founded in 2011 in Shanghai, a report by the Financial Times put Lufax’s market value at $18.5 billion. This was after the firm raised a huge $1.2 billion in funding from investors.


3- Qudian

Founded in 2014, Qudian is a China-based Fintech firm belonging to the category of “lending”. Qudian broadly operates as a student micro-loan site, an installment payment, and investment management platform. In the Western countries, many purchases are made through credit cards which allow payback in installments, the consumers in Chinese markets do not currently use much of that mechanism and this created scope for platforms such as Qudian.

The company has formed partnerships with other e-commerce, digital and financial services in a bid to attract consumers. It expects to raise $800 million to $1 billion. Approximately 33 billion yuan in loans was facilitated. On the day of Qudian’s stock offering, Chief Executive Min Luo said that: “its growing user base and low delinquency rates allow it to lend at relatively low risk, while simultaneously collecting really big data”.


4- Kreditech

One of the fintech firms backed by “Peter Thiel” in Shanghai, it provides credit ratings and loans to people without a credit history. The digital lender analyzes its users’ online data to assess someone’s creditworthiness, opening up loans to those who otherwise wouldn’t have access. The firm has raised nearly $500 million to date.


5- ZhongAn

China’s first online-only insurance firm, that seeks to simplify the insurance industry with a digital offering. it offers e-commerce, mobile payment, and financing guarantee for Internet businesses and users. The company was founded in 2013 by Alibaba Executive Chairman Jack Ma, Tencent Chairman Pony Ma and Ping An Insurance Group Co of China Ltd Chairman Ma Mingzhe. it aims to raise at least $1 billion in Hong Kong IPO.


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