According to a list published by KPMG and H2 Ventures, FlexiLoans.com are amongst the top 100 global innovators.
Key Highlights –
FlexiLoans, amongst only 3 Indian startups to part of this list, Ranked at 77 in the emerging segment (FlexiLoans, AckoGeneral, Namaste Finance – start-ups in the list).
The Fintech 100 highlights truly innovative companies, creating products and services at the juncture of technology. And also financial services who are seeking to disrupt the existing processes and products that dominate the marketplace. But with Fintech companies from 29 countries featuring in this year’s list.
Top 10 List includes 2 Indian Fintech – Ola and PayTM
China remains strong with India quickly rising to global prominence
China has led the Fintech100 for the past three years and this year is no different with 3 Chinese fintech in the Top10. However, don’t ignore India with 583 million people living in urban cities and 23% of the global middle-class population. India has 900 million mobile phone users but only 271 million bank accounts, this country is primed to leverage fintech in a way that no other developed country can contemplate.
South East Asia is the latest hot spot
There are more Asia Pacific-based companies on the 2019 Fintech100 than from any other region. Of the 11 companies that have raised over $1B in the past 3 years, 8 are from the Asia Pacific serving customers in China, India, and rapidly emerging markets in South East Asia such as Indonesia, Vietnam, and Thailand. Smart money is rapidly flowing to fintech focused on this region.
The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally. But that are taking advantage of technology and driving disruption within the financial services industry.
The Fintech100 in 2019 includes
• 42 companies from Asia Pacific (including Australia and New Zealand).
• 36 companies from the UK and EMEA (Europe, the Middle East, and Africa).
• 22 companies from the Americas (North and South America).
Fintech100 prepared with extensive global research and analysis based on data across a range of dimensions, including the core five factors noted below:
1. Average annual capital raised
2. Rate of recent capital raising
3. Geographic diversity
4. Sectoral diversity
5. X-factor: degree of product, service, and business model innovation (a subjective measure that is applied only with respect to companies appearing on the Emerging list)
About FlexiLoans
FlexiLoans is a Fintech Startup, lender, started by 4 ISB Alumni in 2016. A leading fintech lender who works with e-tailers and retailers. And also various other MSME Players for the working capital, unsecured business loans. But they work closely with Flipkart, Amazon, Jabong, and many other players in the market. They also partnered with mswipe, PineLabs for offering retailers without credit history or any other financial documents.
Apart from sharing data points, but they will be able to share specific trends around sectors like gender diversity. And pattern of borrowing and repayment history, any emerging pattern on segments etc.
