IDC Financial Insights released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.
IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia.
41 Fast Growing FinTechs in China
4PARADIGM
4Paradigm is a Beijing-based artificial intelligence (AI) startup helping enterprises improve efficiency, reduce risks, and obtain greater commercial value.
9F GROUP
Founded in 2006 in Beijing, 9F Group (9F Jinke Holding Group) is one of the major online consumer lending service providers in China, serving more than 68 million users.
ABC TECHNOLOGY
Founded in 2016, ABC Technology provides AI-driven cloud services for financial professionals including an AI platform that automates the entire data processing cycle from collection, extraction, search, analysis, visualizing to reporting from both unstructured and structured data sources.
AHI FINTECH
Ahi Fintech (Huian Jinke) designs and develops software leveraging AI that help clients make predictions and manage risk in their industries.
ANT FINANCIAL
Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group and the highest valued fintech company in the world, operating a large portfolio of banking and financial services including payments, lending, wealth management, and more.
BAIHANG CREDIT
Baihang Credit is a private credit scoring company launched in 2018 by the People’s Bank of China (PBoC) in an effort to collect data on residents without a credit history.
BANGSUN TECHNOLOGY
Bangsheng Technology develops real-time risk control system for the financial sector and anti-fraud products that leverage technologies including device fingerprint, proxy IP recognition, suspicious communication recognition, risk control engines, machine learning (ML), and workflow management.
CCB FINTECH
Located in Wuhan, CCB Fintech is a wholly-owned subsidiary of China Construction Bank that uses AI, big data and blockchain to empower product innovation, customer service and risk management.
CCX CREDIT TECHNOLOGY
CCX Credit Technology (CCX) is a provider of financial credit service technology specifically in the field of consumer financial asset management, big data risk control, and asset securitization.
CHINA PNR
China PnR began as an online payment processor before diversifying into providing infrastructure services in other financial sectors, including peer-to-peer lending and wealth management.
CHINA UMS
China UnionPay Merchant Services (China UMS) is a subsidiary of China Unionpay established in 2002 which focuses on bankcard acquiring and third-party services.
CIB FINTECH
Founded in 2015 as a subsidiary of China’s Industrial Bank, CIB Fintech provides IT services and digital finance innovation for small and midsize enterprises (SMEs) such as banks and non-bank financial institutions.
CLOUDWALK TECHNOLOGY
Founded in 2015, CloudWalk Technology is an AI facial recognition firm whose technology is widely applied in the financial, public security, and aviation sectors.
DATAYES
DataYes is a fast-growing financial information management and investment management services company serving more than 150 institutional clients in China.
DU XIAOMAN FINANCIAL
Du Xiaoman Financial, formerly Baidu Finance, is Baidu’s fintech arm and the operator of an online payment system that includes online credit service, mobile wallet, online payment services and online wealth management.
ICBC TECHNOLOGY
ICBC Technology is the fintech arm of the Industrial and Commercial Bank of China (ICBC), focusing on software and product innovation most pertinent to the bank’s offering.
JD DIGITS
JD Digits, formerly known as JD Finance, is a digital technology company that provides a range of financial services and products to consumers, startups, SMEs and other businesses in China.
LAKALA GROUPS
Lakala Group, which includes Lakala Payment and Koala Financial Service, is China’s leading integrated financial service platform, and one of the earliest holder of third party payment license granted by the PBoC.
LINKLOGIS
Based in Shenzhen, Linklogis is building the world’s leading supply chain fintech service platform.
LUFAX
Lufax (Shanghai Lujiazui International Financial Asset Exchange) is an Internet-based lending and wealth management platform and an associate of China Ping An Group.
MAGCLOUD DIGITAL TECHNOLOGY
Located in Beijing, Magcloud Digital Technology (Ciyun Technology) is a blockchain-based fintech company.
MBCLOUD
MBCloud Information Tech, a wholly-owned subsidiary of China Merchants Bank, mainly provides financial cloud services, IT technical consulting, IT manpower outsourcing, integration agent and other enterprise services in IT field.
MEGVII
Based in Beijing, Megvii is a technology company that designs image recognition and deep-learning software, and the world’s largest provider of third-party authentication software in the world.
MININGLAMP SOFTWARE
Founded in 2014 and based in Beijing, MiningLamp Software is an industrial AI company providing enterprises with big data solutions.
NEX DATA
NEX Data, a NEX Group business, is a market intelligence and price information service delivering independent over-the-counter (OTC) data for real-time, end-of-day and historical products.
ONECONNECT FINANCIAL TECHNOLOGY
OneConnect Financial Technology (OneConnect), formerly known as Ping An Financial Technology Consulting, offers fintech software-as-a-service (SaaS) solutions that leverage big data, blockchain, financial cloud, intelligent finance and other new technologies, targeted at small and medium-sized financial institutions.
PAY EGIS
Pay Egis (Tongfudun) provides a smart network solution and data operation service, leveraging technologies including cloud computing, big data, AI, and blockchain information technology, and serving industries such as finance, public safety, telecommunication, power, education and healthcare.
PING AN TECHNOLOGY
Ping An Technology is the core technology arm of Ping An Group, using AI, cloud and other cutting-edge technologies to develop and operate platforms and services that support financial services, medical health, automotive services, real estate services, and smart cities.
PINTEC
Founded in 2016, Pintec is a leading fintech solutions provider offering personal and SME loans as well as wealth management and insurance brokerage services.
QUANTGROUP
Founded in 2014, QuantGroup is a data-driven open scene financial service platform providing diversified, scene-based, refined and customized intelligent marketing services and financial technology integration services for consumers and financial institutions.
QULIAN TECHNOLOGY
Founded in 2016, Qulian Technology (Hyperchain) is a blockchain startup that provides several products including an underlying blockchain platform, a data sharing and security platform, a blockchain-as-a-service (BaaS) platform, a supply chain finance SaaS platform, and a digital evidence service platform.
SENSETIME
Founded in 2014, SenseTime is an AI SaaS company and the world’s first AI unicorn with one of the highest valuations, serving industries that include smart cities, smartphones, mobile Internet, online entertainment, automobiles, finance, retail, education, and real estate.
SHANNON.AI
Established in 2017, Shannon.ai is an AI company operating in the financial sector which uses AI algorithms to analyze, extract and integrate massive financial information.
SUNING FINANCIAL SERVICES
Suning Financial Services, part of Suning Holdings, is an online-to-offline (O2O) financial service company providing online wealth management, insurance, loans, and crowdfunding services.
TENCENT FINANCIAL TECHNOLOGY
Tencent Financial Technology (Tencent FiT), formerly known as Tenpay, is Tencent’s comprehensive mobile payments and financial service platform based on the WeChat and QQ platforms.
TIGEROBO
Founded in 2017, Tigerobo is the developer of a smart, AI-based financial search engine designed to provide comprehensive, accurate and real-time financial data and information.
TONGDUN TECHNOLOGY
Founded in 2013 and headquartered in Hangzhou, Tongdun Technology is a third-party intelligent risk management and decision-making service provider serving clients from various industries including finance, Internet, logistics, healthcare, retail, smart cities and government bodies.
VZOOM
Based in Shenzhen, Vzoom is a provider of credit checking services that uses the official tax returns of companies for credit assessment purposes.
XIAOMI FINANCE
Founded in 2015, Xiaomi Finance is the financial service platform under the Xiaomi Group, which focuses on small internet loans, Internet wealth management, and supply chain finance services.
YITU TECHNOLOGY
Founded in 2012 and based in Shanghai, Yitu Technology is an AI company which works in fields such as computer vision, speech recognition, natural language processing, intelligent decision-making and AI chips, and serves industries including smart finance, smart city, healthcare, retail and pharmaceuticals.
ZROBOT
ZRobot is a provider of data analytics and business intelligence solutions focusing on six main fields: credit evaluation, fraud and securities, asset valuation, risk management platform, marketing and customer engagement, and modeling and consulting services.
Note: The list is arranged alphabetically. Source: IDC, 2020
