KPMG’s FinTech 100, a report looking for the best global FinTech companies, released its list for 2015. Three Canadian companies made the cut.
Created with H2 Ventures, KPMG said the FinTech 100 identifies the leading 50 ‘Established’ FinTech companies across the globe, as well as 50 ‘Emerging Stars’, which KPMG calls “Exciting new FinTech companies with bold, disruptive, and potentially game-changing ideas.”
The two other companies on the top 100 — which were named Emerging Stars — include Vancouver-based Trulioo, a company that provides ID verification software to mitigate fraud that just announced $15 million in equity financing. Toronto-based Financeit, a cloud-based POS platform which raised its own undisclosed equity financing round, also made the list.
The report noted that payments were at most risk of disruption by FinTech startups, as 25 percent of the FinTech 100 for 2015 were in this industry. The startups were selected based on total capital raised, rate of capital raising, geographic and sector diversity, consumer and marketplace traction, and “X-factor”, which refers to degree of product, service, and business model innovation.