India is among the many main fintech ecosystems on the earth, with as many as 17 fintech ‘unicorns’ within the nation, subsequent solely to the USA and UK, respectively, a CNBC-Statista report has discovered.
Additionally, seven Indian corporations are amongst high 200 fintech firms on the earth, as per the research.
First, what’s a ‘unicorn’?
Put merely, it’s a venture-backed firm with a valuation of $1 billion or extra.
Largest fintech ecosystems
According to the report, the United States is residence to 134 unicorns, and, subsequently, produces probably the most worth when it comes to fintech. Of the highest 15 highest-valued monetary expertise corporations globally, eight are from the US. The mixed valuation of those eight unicorns – which embrace Visa ($465.13 billion) and MasterCard ($344.57 billion) – is a staggering $1.2 trillion.
China got here second, regardless of being residence to solely eight unicorns. These, nonetheless, embrace giants reminiscent of Tencent ($187.92 billion) and Ant Financial ($151 billion), taking the nation’s general monetary market capitlisation to $338.92 billion.
The UK, alternatively, has 27 fintech unicorns, adopted by India (17) and China; Brazil, Germany, and France (six every) are subsequent. Mexico and Singapore (5 every), and the Netherlands (4), spherical off the highest 10.
Top 200 fintech firms
For this, CNBC-Statista analysed 1500 corporations throughout 9 totally different market segments – neobanking, digital funds, digital belongings, digital monetary planning, digital wealth administration, alternate financing, alternate lending, digital banking options, and digital enterprise options.
The United States got here on high right here as properly, accounting for 65 firms, whereas the UK (15) got here a distant second. From India, these firms made their option to the checklist (in alphabetical order):
|Company||Headquarters||Listed in class|
|Encash||Mumbai||Digital Business Solutions|
|Money Club||Noida||Alternate Lending|
|Property Share||Bengaluru||Alternate Financing|
Source web site: www.hindustantimes.com