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Saturday, July 11, 2020
Home Press Releases FlexiLoans.com amongst the top 100 global innovators

FlexiLoans.com amongst the top 100 global innovators

According to a list published by KPMG and H2 Ventures, FlexiLoans.com are amongst the top 100 global innovators.

Key Highlights –

FlexiLoans, amongst only 3 Indian startup to part of this listRanked at 77 in the emerging segment (FlexiLoans, AckoGeneral, Namaste Finance – start-ups in the list).

The Fintech100 highlights truly innovative companies, creating products and services at the juncture of technology and financial services who are seeking to disrupt the existing processes and products that dominate the marketplace, with Fintech companies from 29 countries featuring in this year’s list.

Top 10 List includes 2 Indian Fintech – Ola and PayTM

China remains strong with India quickly rising to global prominence

China has led the Fintech100 for the past three years and this year is no different with 3 Chinese fintechs in the Top10. However, don’t ignore India with 583 million people living in urban cities and with 23% of the global middle class population. India has 900 million mobile phone users but only 271 million bank accounts, this country is primed to leverage fintech in a way that no other developed country can contemplate.

South East Asia is the latest hot spot

There are more Asia Pacific based companies on the 2019 Fintech100 than from any other region. Of the 11 companies that have raised over $1B in the past 3 years, 8 are from the Asia Pacific serving customers in China, India and rapidly emerging markets in South East Asia such as Indonesia, Vietnam and Thailand. The smart money is rapidly flowing to fintechs focused on this region.

The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally that are taking advantage of technology and driving disruption within the financial services industry.

The Fintech100 in 2019 includes

• 42 companies from Asia Pacific (including Australia and New Zealand)
• 36 companies from the UK and EMEA (Europe, the Middle East and Africa)
• 22 companies from the Americas (North and South America)

Fintech100 prepared with extensive global research and analysis based on data across a range of dimensions, including the core five factors noted below:
1. Average annual capital raised
2. Rate of recent capital raising
3. Geographic diversity
4. Sectoral diversity
5. X-factor: degree of product, service and business model innovation (a subjective measure that is applied only with respect to companies appearing on the Emerging list)

About FlexiLoans

FlexiLoans is a Fintech Startup, lender, started by 4 ISB Alumni in 2016. A leading fintech lender who works with e-tailers and retailers and various other MSME Players for the working capital, unsecured business loans. They work closely with Flipkart, Amazon, Jabong and many other players in the market. They also partnered with mSwipe, PineLabs for offering retailers without credit history or any other financial documents. 

Apart from sharing data points, they will be able to share specific trends around sectors like the gender diversity, pattern of borrowing and repayment history, any emerging pattern on segments etc.

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Chaitanya Kayandehttp://vyapaarJagat.com
Chaitanya is a weird combination of Engineering, Journalism and Poetry. Out of everything in the world, he loves chai (tea), monsoon, trekking, travelling and writing the most! Read and enjoy his raw and authentic writing 🙂

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