The financial technology (fintech) market in Asia-Pacific is witnessing a rapid boom, as the financial sector shifts to a new age of technology and transparency propelled by innovation and financial inclusion.
2017 has been a great year for Asian Fintech companies. Startups from this continent has managed to secure over $4B in funding from global investors. And in that year 5 fintech companies from Asia were being selected as the Top 10 of the global ranking of "2017 Fintech100", A research led by H2 Ventures and KPMG. And a total of 22 companies made into the Top 100.
Here Are the 22 Asian Fintech Companies That Made Into The 2017 H2 Ventures KPMG Fintech100:
Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the most valuable Fintech company in the world. The company operates Alipay, the world's largest mobile and online payments platform as well as Yu’e Bao, the world's largest money-market fund. It also runs the Sesame Credit credit rating system. As of September 2017, Ant Financial unveiled its facial recognition payment technology through its Alipay services.
Total Funding Amount: $4.5B, in 3 Rounds from China Investment Corporation(Nov, 2017).
Total Valuation: $74.5 billion(Approximately in Nov, 2017).
Ant Financial Ranked Top of the 2017 Fintech100 List.
Founded in 2013, ZhongAn is a Chinese property insurance company that sells all its products online along with handling claims. Backed by AliBaba, the company offers e-commerce, mobile payment, and financing guarantee for internet businesses and users.
Total Fund Raised: $1.5B At a Valuation of $10B (As of Nov, 2017)
Estimated Annual Revenue: $512.5M(2017)
ZhongAn was Ranked 2nd on the 2017 Fintech100 List.
Founded by Min Luo in 2014, Qudian lends to consumers in China who can’t get credit from traditional financial institutions. The amounts borrowed are relatively small: Cash loans averaged the equivalent of $136 in the six months through June, while merchandise credit averaged $184.
Total Fund Raised: $873.5M in 6 rounds At a Valuation of $7.9B (As of Nov, 2017)
Estimated Annual Revenue: $450M(2017)
Qudian Ranked 3rd on the 2017 Fintech100 List.
Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is an online marketplace for trading of financial assets. It was incorporated in September, 2011 in Shanghai with the support of Shanghai’s Municipal Government, and has grown into China’s largest internet finance company in less than four years. The company is an associate of China Ping An Group, the largest and most innovative non-SOE financial institution in China.
Total Fund Raised: $1.685B in 2 rounds At a Valuation of over $18.5B (As of July, 2017)
Estimated Annual Revenue: $800M-$850M (2017)
Lufax Ranked 6th on the 2017 Fintech100 List.
JD Finance is the financial subsidiary of JD.com, China's largest online direct sales company.JD Finance provides a range of financial services and products to consumers, startups, SMEs and other businesses in China.
Total Fund Raised: $1.003B in 1 round at a Valuation of $7.1B (As of July, 2017)
Estimated Annual Revenue: $4B(2017)
JD Finance Ranked 9th on the 2017 Fintech100 List.
A global crowd investing platform for accredited investors, OurCrowd sources deals, performs due diligence, and opens investments to its members, leading every investment with its own money. It takes an active stake in the companies it finances, through board seats and a mentorship program that pairs startups with OurCrowd contacts from relevant industries.
Total Fund Raised: $112.5M in 4 rounds, to date
Estimated Annual Revenue: $30M-$50M(2017)
OurCrowd Ranked 25th on the 2017 Fintech100 List.
A Chinese credit card management mobile application that helps users manage their credit card bills. U51.com has created a number of products such as blogs, albums, music, BBS, an IM software called Rainbow, and a dancing browser game called 51 New Dazzle Dance.
Total Fund Raised: $459M in 4 rounds, to date
Estimated Annual Revenue: $100M+(2016)
U51.com Ranked 27th on the 2017 Fintech100 List.
Dianrong is an online marketplace lending company that’s using technology to transform the way China is financed to help enrich people’s lives. It offers individuals and small and medium-sized enterprises a comprehensive, one-stop financial platform supported by industry-leading technology, compliance and transparency.
Total Fund Raised: $439M in 5 rounds, to date
Estimated Annual Revenue: $120M(2016)
Dianrong Ranked 31st on the 2017 Fintech100 List.
Lendingkart is an online financing company dedicated to help entrepreneurs and small businesses with Working Capital Loans. We use Analytics and Big data scoring to evaluate our customer’s business. The company was incorporated in 2014 and is based in Ahmedabad, India with additional offices in Bangalore and Mumbai.
Total Fund Raised: $65M (Venture - Series Unknown), to date
Estimated Annual Revenue: $5M-$10M(2016)
Lendingkart Ranked 33rd on the 2017 Fintech100 List.
Xapo is a Hong Kong-based Fintech company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card. The company was founded in 2012 and is Headquartered Zurich in Switzerland.(moved its headquarters from Palo Alto, California to Zurich in Switzerland on May 2017).
Total Fund Raised: $41M in 2 rounds, to date
Estimated Annual Revenue: $20M-$30M(2017)
Xapo Ranked 34th on the 2017 Fintech100 List.
A fintech startup that provides innovative P2P money transfer services through mobile applicaion called "Toss." The company was founded in Aug 2, 2013 by Seunggeon Lee and is based in Seoul, Seoul-t'ukpyolsi, South Korea.
Country: South Korea
Total Fund Raised: $77.2M in 4 rounds, to date
Estimated Annual Revenue: $20M(2016)
Viva Republica Ranked 35th on the 2017 Fintech100 List.
Founded in 2013 in Hong Kong, WeLab is reinventing traditional financial services by creating seamless mobile lending experiences. With its proprietary risk management technology, WeLab effectively analyzes unstructured mobile big data within seconds to make credit decisions for individual borrowers.
Country: Hong Kong
Total Fund Raised: $425M in 6 Rounds, to date
Estimated Annual Revenue: $130M(2017)
WeLab Ranked 36th on the 2017 Fintech100 List.
Rong 360 is a Chinese provider of customized financing and loan services. The company enables users to search and compare loan products from various banks and lending agencies. It allows users to make direct contact with bank business personnel, while building an all-around direct selling platform of financing and loan products.
Total Fund Raised: $186M in 5 rounds, to date
Estimated Annual Revenue: $20M(2017)
Rong360 Ranked 38th on the 2017 Fintech100 List.
Capital Float is an online platform that provides working capital finance to SMEs in India. It offers flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. The company was founded in 2013 by Gaurav Hinduja, Sashank Rishyasringa and the company is based in Bangalore, Karnataka.
Total Fund Raised: $88.5M in 5 rounds (Series C), to date
Estimated Annual Revenue: $5-$10M(2016)
Capital Float Ranked 59th on the 2017 Fintech100 List.
KredX is a business finance intermediary platform, which provides SMBs an invoice discounting service. The platform is operated by Minions Ventures Pvt. Ltd, which is headquartered in India. It allows SMBs to raise working capital finance. It does so by discounting invoices which have not been paid, from corporate as well as to a network of financiers operating on its platform, for a short tenure of 30-60 days.
Total Fund Raised: $7M in 2 rounds (Series A), to date
Estimated Annual Revenue: $2M-$5M(2017)
KredX Ranked 71st on the 2017 Fintech100 List.
Moneytree is Japan’s #1 financial data aggregation platform, providing financial data API services (B2E) and personal finance apps (B2C). They company is on a mission to bring people and institutions closer together, help them find balance and discover new opportunities to grow personal wealth.
Total Fund Raised: $10.53M in 4 rounds (Series B), to date
Estimated Annual Revenue: $2M-$5M(2017)
Moneytree Ranked 77th on the 2017 Fintech100 List.
A leading NBFC company that provides easy & quick business loans in India. It operates as a non-banking financial company in India. It is focused on meeting the financial needs of small businesses which sell goods and services to consumers. It offers business financing services to small- and medium-sized retail companies that sell apparel, consumer durables and electronic items, footwear and accessories, handicrafts, gifts, food and grocery items, and optical goods as well as to restaurants, beauty salons, hotels, gymnasiums, and health diagnostic centers.
Total Fund Raised: $43.6M in 3 rounds (series unknown), to date
Estimated Annual Revenue: $10M-$15M(2016)
NeoGrowth Ranked 78th on the 2017 Fintech100 List.
Silent Eight is a pioneering developer of AI powered solutions for customer screening and transaction monitoring covering the areas of anti-money laundering and combating terrorism financing.
Total Fund Raised: NA
Estimated Annual Revenue: NA
Silent8 Ranked 89th on the 2017 Fintech100 List.
A provider cash management for banks using technology SoCash the most convenient way to get cash. Say goodbye to queuing at an ATM, paying ridiculous fees to get your cash. Get cash wherever you are.
Total Fund Raised: $1M in 3 rounds (Series A), to date
Estimated Annual Revenue: $0M-$5M(2017)
SoCash Ranked 90th on the 2017 Fintech100 List.
A Fintech startup that offers convenient payment integration, allowing your customers to pay without being redirected to another page, significantly boosting your conversion rate.
Total Fund Raised: NA
Estimated Annual Revenue: NA
TapPay Ranked 92nd on the 2017 Fintech100 List.
ThetaRay is dedicated to helping clients at large financial organizations, cyber security divisions and critical infrastructure become more resilient and seize opportunities.
Total Fund Raised: $25M in 5 rounds, to date
Estimated Annual Revenue: $5M-$10M(207)
ThetaRay Ranked 93rd on the 2017 Fintech100 List.
VATBox is a global cloud-based provider of automated VAT recovery and governance solutions. Hundreds of companies, including the Fortune 500, use VATBox to maximize foreign and domestic VAT returns and ensure governance.
Total Fund Raised: $44M in 2 rounds, to date
Estimated Annual Revenue: $1M-$5M(2017)
VATBox Ranked 98th on the 2017 Fintech100 List.