FinTech is rapidly transforming the financial services industry. It’s one of the fastest-growing areas of global business, and new products and services are being introduced to the market all the time. While traditional financial institutions are struggling to keep up with changes in technological advances and consumer behaviours, FinTech startups are thriving. So, let’s follow the money, and find out where FinTech startups are based, and how much funding they’re getting.
Key Takeaways: - The United States is the global capital of FinTech by quite a margin, with 1,491 startups and massive $58.8bn investment in the industry. - After the United States, the UK has the next highest number of startups - 482 - attracting $18.7bn in funding, making it the capital of Europe. - With only 166 startups, FinTech in China has attracted a massive $42bn in investment, making it a close second after the US. The three most highly-valued FinTech startups in the world - Ant Financial, JD Digits, and Du Xiaoman Finance - are based in China.