Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

The Highest-Funded Fintech Startups in the World

This is a syndicated repost courtesy of Statista | Infographics. To view original, click here. Reposted with permission.

According to a recently published report by CB Insight, Grab is the highest-funded fintech startup (currently private, up-and-coming company) in the world. The Singaporean business is also a ride hailing and food delivery provider, partly explaining why the startup’s funding is so far ahead of its fintech peers.

Liquidity moves markets!

Follow the money. Find the profits! 

Grab started out by offering taxi bookings and only later began its foray into fintech by offering cellphone and online payments via a mobile wallet. GrabPay also offers fund transfers, enabling users to split ride or food bills or pay for family members. The service is also used to send remittances, pay in stores and gives users access to deals and rewards points.

Among the 250 top fintech startups listed by CB Insights, 20 are headquartered in India and 10 more elsewhere in Asia. Only three hail from China, which might signal a saturation of the market which boasts several publicly listed fintech payment providers and other fintech players. The high concentration of fintech startups in India could mean the country is next in line for a fintech revolution.

This chart shows the highest-funded fintech startups in the world as of September 2020.

Highest-Funded Fintech Startups

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.