34 Out 100 of The World’s Top Fintech Companies Are From Asia

34 Out 100 of The World’s Top Fintech Companies Are From Asia

by November 8, 2019
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34 companies from Asia have been named among this year’s top 100 global fintech innovators, according to H2 Ventures and KPMG’s latest Fintech100 ranking. Seven of them made the top ten list, showcasing Asia’s growing dominance on the global fintech scene.

In region, China was the most represented country with 10 companies, followed by India (8), Singapore and Japan (4 respectively), Vietnam, South Korea, and Indonesia (2 respectively), and Thailand and Cambodia (1 respectively).

Top 100 Fintech Companies Repartition Map, 2019 Fintech100, H2 Ventures:KPMG, November 2019

Top 100 Fintech Companies Repartition Map, 2019 Fintech100, H2 Ventures/KPMG, November 2019

Of all the verticals, payments seem to be dominating the list with 27 payments and transaction companies making it the list. This is followed by wealth companies who are a close second with 19 companies making it the list.

Below are all the top fintech companies from Asia that made the cut.

CHINA

Ant-Financial

Ant Financial is the highest valued fintech company in the world operating the largest mobile and online payments platform, Alipay.

JD Digits

JD Digits is a digital technology company providing a range of financial services and products to consumers, startups, small and medium-sized enterprises (SMEs) and other businesses.

Du Xiaoman Financial

Du Xiaoman Financial  provides short-term loan and investment services.

Lufax

Lufax is an Internet-based lending and wealth management platform.

OneConnect

OneConnect focuses on providing solutions for small and medium-sized banks.

ZhongAn

ZhongAn is a “insurance + technology” digital native insurance service provider serving more than 350 million users.

Hong Kong

WeLab

WeLab is the operator of Wolaidai, one of China’s leading mobile lending platforms, WeLend, one of Hong Kong’s first virtual banks, as well as a fintech joint venture called AWDA in Indonesia.

Bowtie Life Insurance

Bowtie Life Insurance is the first virtual insurance company to provide residents of Hong Kong with a full digital insurance experience through innovative technology.

MioTech

MioTech develops AI-based software for investment managers.

OneDegree

OneDegree is the first digital insurer candidate in Hong Kong with a fully digitized insurance process end-to-end.

India

Paytm

Paytm is the largest digital payments company in India with more than 380 million registered users and 12 million merchants onboarded.

PolicyBazaar

PolicyBazaar is India’s leading digital insurance brand and a marketplace that aggregates and select deals from across the industry.

Lendingkart

Lendingkart allows entrepreneurs to easily access working capital finance options.

OlaMoney

OlaMoney is the mobile payments service of ridesharing startup Ola.

Acko

#62 Acko is one of the fastest growing Indian insurtech aiming to redefine the general insurance industry in India.

Flexiloans

#77 Flexiloans uses new-age technology to provide quick, fast and transparent funding access to millions of small businesses currently underserved.

Namaste Credit

#91 Namaste Credit offers an artificial intelligence (AI) based credit discover and underwriting platform.

Open financial technology

#96 Open is a neobanking platform for startups and SMEs that combines everything from invoicing to banking, payroll and automated accounting in one place.

Korea

Moin

#87 – Moin is a remittance startup that has developed a money transfer solution based on blockchain technology.

Toss-Viva-Republica

#29- Toss is a mobile payments platform developed by Viva Republica.

Japan

Quoine

#38- Quoine is a startup providing trading, exchange, and next-generation financial services powered by blockchain technology.

Folio

#49- Folio is an online security brokerage service in Japan, specializing in thematic investing.

Singapore

grab

Grab (Singapore) is a tech startup providing transportation, food delivery, digital payments, and more, across Southeast Asia.

Singapore Life

#40- Singapore Life (Singapore) is an independent life insurance company that uses digital robo-underwriting and identity verification capabilities to dynamically expedite the application and approval process.

#99 PolicyPal is a digital insurance manager that makes it easy for users to track all your insurance policies, premiums, and sum assured.

Silot

Silot has developed a AI-based system that assists banks in organizing their previously siloed data.

Indonesia

GoJek

#4- GoJek is a multi-services platform with more than 20 services including Gopay, Gobills, Gopoints, Paylater, and Gopulsa operating across Southeast Asia.

Cashlez

Cashlez is a payment technology company that offers a mPOS system and other merchant payments solutions.

Vietnam

MoMo

#36- MoMo is a mobile payments and digital wallet application.

Finhay

Finhay is a smart savings app that helps Vietnamese customers plan and save for their goals.

Cambodia

Clik

Clik is a payments startup providing an omnichannel payment aggregator and mPOS solution.

Thailand

Masii

Masii offers an online platform that enables users to compare financial products such as car and travel insurance, credit cards, personal loans, mobile packages, and more.

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