KPMG, H2 Ventures Unveil Fintech 100 for 2017

It’s that time of the year once again: KPMG and H2 Ventures have teamed up to introduce their Leading Global Fintech Innovators roster, the Fintech 100 for 2017. The judges for this year’s Fintech 100 included more than 20 professionals from KPMG and other organizations with expertise in IT, data analytics, capital markets, financial services, and more.

This year 11 Finovate/FinDEVr alums made the Leading 50, with another 12 alums making the Emerging 50. New entrants to the KPMG/H2 Ventures roster include SoFi and Revolut among the Leading 50. All 12 the alums on the Emerging 50 are making their first appearance. See the full list.

Some of the highlights from the 2017 Fintech 100 include the observation that five of the roster’s top 10 companies are from China, as are the top three companies on the list: Ant Financial, ZhongAn, and Qudian (Qufenqi). The U.S. has a pair of companies in the top five: Oscar and Avant, and Europe and the U.K. each have one company in the top ten: Kreditech and Atom Bank, respectively.

Speaking of Asia, the Asia-Pacific region has 30 fintech companies in the top 100. The United States has 19 companies – the most from any single country – and the U.K. and EMEA areas have 41 companies in the list. The U.K. and EMEA region are also responsible for the highest number of companies on KPMG/H2 Ventures’ Emerging 50 list with 26.

With regard to sectors within fintech, the Fintech 100 breaks down as follows:

  • 32 lending companies
  • 21 payments companies
  • 14 transaction and capital markets companies
  • 12 insurance/insurtech companies
  • 7 wealth management/wealthtech companies
  • 6 cybersecurity/regtech companies
  • 4 blockchain/digital currency companies
  • 3 data and analytics companies

Alums from the Leading 50

Alums from the Emerging Stars

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.

Algomi

AutoGravity

Avalara

Behalf

Betterment

Blend

Chain

Coinbase

Credit Karma

Currencycloud

CurrencyFair

Fenergo

Financeit

Gusto (formerly ZenPayroll)

Juvo

Kabbage

Kensho

Kreditech

Klarna

LendUp

Moneytree

PayNearMe

Payoneer

Personal Capital

Plaid

Quantopian

Quovo

Revolut

Ripple Labs

Roostify

Signifyd

SocietyOne

Socure

Tink

Token

Tradeshift

Transferwise

TrueAccord

Trulioo

VATBox

Wealthfront

Xignite

Zooz

Zopa

Moneytree Sees Green with $9 Million Funding Round

Screen Shot 2017-04-05 at 2.37.46 PM

Japanese personal finance app Moneytree has landed $9 million (¥ 1 billion) in a series B round recently. This is the company’s third round of funding and brings its total raised to $10.5 million. SBI Investment led the round. Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and Baillie Gifford also participated.

The Tokyo-based company will use the funds to expand its personal asset management, expense reimbursement, and corporate account apps. Moneytree’s founder and CEO, Paul Chapman, explained the big picture plans for the new capital, saying, “Moneytree will be moving on to the next stage of growth… More than ever, we will focus on maintaining the security of our services, protecting privacy, and transparency of information.” Chapman added, “In addition, while supporting the conversion of the financial industry to digital banking, and while contributing to the foundation of the accounting industry’s cloud accounting system, we will continue to devote our efforts to constructing an industry-wide ecosystem based on users. Furthermore, we have set our sights on the globalization of our services through deploying Japanese technology overseas.”

Moneytree was founded in 2012. At FinovateAsia 2016 in Hong Kong, the company debuted Moneytree LINK. Moneytree’s head of platform, Mark Makdad and Chief of Marketing, Zach Taub, demonstrated how the new mobile SDK connects their MT LINK aggregation platform to third party products and services. MT Link is in use with 20 financial institutions, including megabanks, regional banks, and accounting software firms, which helps it reach more than 200,000 businesses.

Finovate Alumni News

On FinDEVr.com

  • Check out today’s FinDEVr APIntelligence.
  • Moneytree Sees Green with $9 Million Funding Round.
  • New Funding for Savedroid Boosts Total Capital to More than $22 Million.

Around the web

  • Rebar to market Cachet Financial Solutions’ Select Mobile Money Prepaid Mastercard and companion app.
  • ThreatMetrix’s new release delivers end-to-end identity, fraud and authentication through an advanced decisioning platform.
  • iSignthis subsidiary granted an eMoney Institution license by the Central Bank of Cyprus.
  • Kabbage extends $3 billion in funding to more than 100,000 small business customers.
  • Kony’s AppVantage enables orgs to create apps from packaged components.
  • PayPal extends partnership with Visa into Asia-Pacific region.
  • FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.
  • HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.
  • Misys onboards Natalie Gammon as its Chief Information Officer.
  • Ignite Sales launches Sales Compliance Monitor for banks to monitor and ensure compliant sales.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateAsia Sneak Peek: Moneytree

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FA2016-V1A look at the companies demoing live at FinovateAsia on 8 November 2016 in Hong Kong. Pick up your tickets today and save your spot.

Drop-in Moneytree’s mobile SDK to easily connect its MT LINK aggregation platform to third-party products and services. Once exclusive to Mizuho Bank’s Direct app, the SDK will be widely available in November.

Features:

  • Brings a powerful data-aggregation platform to everyone
  • Easily integrates with new or existing services
  • Becomes the core of a user-centric data-portability platform for consumers and business

Why it’s great
Moneytree’s MT LINK platform brings efficient, cost-effective data portability to the masses. With MT LINK, consumers and business can easily choose the data they provide to platform partners.screen-shot-2016-10-17-at-4-41-13-pm

Presenters

Mark Makdad, Head of Platform
A graduate of University of Illinois, Urbana-Champaign, Makdad’s professional career began in Japan over a decade ago. Before co-founding Moneytree, he was the head of IT contract staffing at en world (Tokyo).
LinkedInscreen-shot-2016-10-17-at-4-42-21-pm

Zach Taub, Chief of Marketing
Originally from Chicago, Taub has spent most of his 20 years in Japan engaged in sales, business development, and marketing for global companies, including adidas Group, Ogilvy & Mather and Getty Images.
LinkedIn

Finovate Alumni News

On Finovate.com

  • SecureKey Raises $20 Million in New Funding

Around the web

  • Roostify teams up with Optimal Blue to improve the online experience for borrowers.
  • Partners FCU to deploy Kony Mobility Platform.
  • Forte Payment Systems to serve as the single premier gateway provider for Acryness Inc.
  • Portugal’s Banco CTT chooses FusionBanking Essence from Misys.
  • International payments provider, OFX, integrates with cloud accounting-software innovator, Xero.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.