The mixture of the funds being poured into the amount of investment along with the fintech space by the large financial institutions means that there are numerous fintech companies being constructed everyday all over the world. 2016 has been an amazing year for Fintech, as we’re coming closer to the ending of the year, it will be great to have a look at a number of the fast growing businesses in fintech. Our list will take into account user traffic, hiring, venture capital fundraising, among other variables.
ZhongAn is an Internet-based insurance company information. This past year, the organization experienced outstanding increase by raising $930 million Series A and recorded a $10 billion valuation. The organization has over 400 million customers, and more consumers being won over by targets. As the world’s leading fintech innovator for 2015 this past year, H2 Ventures and KPMG Fintech ranked ZongAn.
Founded in founded in 2011, Wealthfront is among the most rapid growing and well-certificated company. With more than $1bn in customer assets under management, the firm is the largest and fastest developing automated investment service on the planet. It’s raised more than $65m in funding from top VCs including Greylock Partners and Index Ventures and high profile angels, for example Joe Jordan, Ben Horowitz, and Marc Andreessen. The company handles more than 80,970 accounts.
Betterment, a 7-year old “robo-adviser” riches manager, beamed rival Wealthfront last year after surpassing $3 billion in assets under management — nearly tripling client funds since January last year. The business said it raised over $100 million Series E round of funding with Kinnevik leading the deal and former investors Bessemer Venture Partners, Menlo Ventures, Francisco Partners and Anthemis Group participating. Fortune stated the transaction provide the business using a post-money valuation of $700 million, up from $450 million in 2015. Now, Betterment serves over 100,000 Customers.
Encap offers award-winning authentication technology which allows the future of mobile identity. Based in Norway, it works with leading banks across Europe including Santander, Entercard, and Sparebanken Vest. US industry analyst firm Forrester as one of the top lights in a brand new generation of authentication providers acknowledged encap.
5) Atom Bank
Atom Bank , a digital-only bank, that is amongst the fast growing fintech businesses in Europe. The firm had raised over £135 million from its investors such as Marathon, Woodford, Toscafund, BBVA and Polar Capital before it was established in early 2016. Atom Bank has call centres that are big or no divisions. All contacts are through the app. Atom Bank was ranked 8 in KPMG’s Global FinTech Innovators 100.
6) Our Crowd
Established in 2013, OurCrowd is equity. It is made for accredited investors to offer venture capital funding for early-stage start ups. OurCrowd has grown exceptionally rapidly over the last 3 years. The company raised over $10 million, with the stated aim of expanding into Asian markets. As of September 2016, the business has 100 firms in its portfolio, with over $300 million invested.
NoviCap permits its customers to possess early payments for their outstanding invoices within 48 hours. In 2015, the company raised over $1.7 million from its investors such as Partech Ventures, Cabiedes & Partners, and Tec stars Enterprises.
8) Tandem Bank
Tandem Bank is a mobile-first full service retail bank that serves customers through direct channels: web,, mobile contact center. Within 15 minute of its own start, the firm had raised over £1million. Tandem is one of the top so called ‘opposition banks ‘that are growing in Europe.
9) Thought Machine
Thought Machine is revolutionizing technology to bring Machine Learning and Big Data to the personal finance world. The business works with financial institution that wants to innovate and has an employee growth rate of 850%. According to Sonovate, Believed Machine is one of the very best ten fastest growing fintechs.
In the 2015 Prospa was, ranked by the list that tracks the fastest growing tech companies in Asia, Deloitte Technology Fast 500 Asia as the third fastest growing technology startup in the region. The Sydney- based firm has grown 6971% over the past three years.