Financial technology — a sector focused on developing fresh technologies to disrupt traditional financial markets — will be growing rapidly.
Last year alone, $17.4 billion in venture capital investment was pumped into the space, according to industry body Innovate Finance.
quite a few fintech firms have transitioned by starting up to being valued at billions of dollars. China’s Lufax, for example, will be reportedly worth well above $10 billion.
although start-ups aren’t the only companies disrupting the financial services, as competition by established fintechs continues to put pressure on mainstream financial institutions.
CNBC lists the 10 most innovative fintech companies around, based on research by auditing giant KPMG as well as also venture capital investment firm H2 Ventures.