Five years on, the first fintech innovators are thriving

In 2014, KPMG published a report on the 50 best fintech innovators as selected on the basis of four factors: total capital raised; rate of capital raising; location and degree of sub-industry disruption; and a subjective call from a judging panel on these companies’ products, service, customer experience and business model innovation.

Back then, the excitement was discernible. Global fintech financing had more than trebled in the prior three years and by 2014 was running at an estimated $3 billion annually.