Top 10 Fintech Countries 2020

Fintech Magazine takes a look at the Top 10 Fintech Countries and breakdown the stats to support their ranking.

With the finance world pushing more and more for digital transformation, it will be interesting to see how these rankings change over the next 12 months.

• Can the growth in the German financial tech scene push them into the Top 10?
• Will the tech-based arena in Israel propel them into the list?
• Can India, with its Unicorns and rapidly expanding FIntech’s force their way into next year’s big 10?

Data sourced from Findexable.

10 | Estonia

• Strengths: Digital Payments — Personal Finance — Alternative Lending
• Population: 1.3 million
• No of Fintech Cities Ranked in Top 100: 1
• Local FinTech Leaders: Fortuma — Veriff
• Fintech Investments: -
• Wifi Speed: #3

9 | Canada

• Strengths: Cryptocurrency & Blockchain — Lending — Insurance
• Population: 37.5 million
• No of Fintech Cities Ranked in Top 100: 5
• Local FinTech Leaders: Carta — Borrowell — Wave
• Fintech Investments: -
• Wifi Speed: #19

8 | Australia

• Strengths: Digital Payments — Personal Finance — Alternative Lending
• Population: 25.3 million
• No of Fintech Cities Ranked in Top 100: 2
• Local FinTech Leaders: Judo Capital — Airwallex — MoneyMe
• Fintech Investments: -
• Wifi Speed: not in top 20

7 | Sweden

• Strengths: Digital Payments — SME — Neobanks
• Population: 10 million
• No of Fintech Cities Ranked in Top 100: 1
• Local FinTech Leaders: Klarna — iZettle — Anyfin
• Fintech Investments: — $36.7m
• Wifi Speed: #17

6 | Netherlands

• Strengths: Digital Payments — Alternative Lending — Investment
• Population: 17.1 million
• No of Fintech Cities Ranked in Top 100: 2
• Local FinTech Leaders: Adyen — Ohpen — BUX
• Fintech Investments: -
• Wifi Speed: not in top 20

5 | Switzerland

• Strengths: Cryptocurrency & blockchain — Wealth Management — Crowdfunding
• Population: 8.6 million
• No of Fintech Cities Ranked in Top 100: 4
• Local FinTech Leaders: Avaloq Group — Ethereum — Numbrsa
• Fintech Investments: -
• Wifi Speed: #14

4 | Lithuania

• Strengths: Payments — Lending — Banking
• Population: 2.8 million
• No of Fintech Cities Ranked in Top 100: 1
• Local FinTech Leaders: Stockinvest us — Coingate — NEO Finance
• Fintech Investments: -
• Wifi Speed: #1

3 | Singapore

• Strengths: Wealth Management — Digital Banking — SME
• Population: 5.8 million
• No of Fintech Cities Ranked in Top 100: 1
• Local FinTech Leaders: TenX (val: $3.5bn) — Quoine ($123m) — KyberNetwrok ($105m)
• Fintech Investments: $735m
• Wifi Speed: #12

2 | UK

• Strengths: Challenger Banks — Personal Finance & Wealth — Lending — Blockchain
• Population: 67.5 million
• No of Fintech Cities Ranked in Top 100: 3
• Local FinTech Leaders: TransferWise (val: $3.5bn) — Greensil ($3.5bn) — BGL Group ($3bn)
• Fintech Investments: $2.29bn
• Wifi Speed: #6

1 | USA

• Strengths: Payments — B2B Fintech — Security
• Population: 329 million
• No of Fintech Cities Ranked in Top 100: 22
• Local FinTech Leaders: Stripe (val $22.5bn) — Coinbase ($8bn) — Robinhood ($5.6bn)
• Fintech Investments: $9.4bn (H1 2019)
• Wifi Speed: #20