Coinbase, Binance and Robinhood Named Top Fintech Companies by KPMG
The Big Four audit firm KPMG this week unveiled its new ranking of the world’s top 100 fintech companies. Firms associated with the blockchain and cryptocurrency industries have generally lost ground, but are still on the list.
As in the past year, the leading Chinese payment company Ant Financial, valued at $ 83 billion, took first place, followed by the Grab application, and in third place was JD Digits, in the past a division of JD.com that uses blockchain along with other technologies in its activities.
The securities and cryptocurrency trading app Robinhood dropped from eighth to fourteenth, Revolut came in at 26th, Coinbase at 34th, and Liquid at 38th. Binance was also included in the number of developing companies in the fintech industry..
Commenting on the development of the Chinese companies on the list, KPMG Fintech Chief Chris Wang said: “China continues to actively develop fintech, and we are seeing some changes in the local space. The list increasingly includes companies related to capital formation, insurance, and also operating in several industries. This suggests that technology and innovation are penetrating deeper into the financial services industry. “.
In total, Fintech100 companies have raised $ 18 billion over the past year and over $ 70 billion since their inception, according to KPMG. The client base of such firms is estimated at more than 2.5 billion people worldwide. Their rapid development has become possible, in particular, thanks to the principles of open banking, which they adhere to..
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