Frankfurt on the Startup Genome GLOBAL FINTECH ECOSYSTEM REPORT 2020
The Top Global Fintech Ecosystems of Today and Tomorrow
The Global Fintech Ecosystem Report 2020 by Startup Genome was launched this week at FinTech Abu Dhabi, a conference focused on the latest launches, pioneers, brands, and insights that are powering the world of financial technology.
The Global Fintech Ecosystem Report is an extension of Startup Genome’s Global Startup Ecosystem Report and the first installment of the annual sub-sector report series. The Report ranks the global top 20 and runner-up Fintech startup ecosystems on five Success Factors, including Performance, Talent, Funding, Focus and Legacy.
The top five Fintech startup ecosystems globally in 2020 are Silicon Valley, New York City, London, Singapore and Beijing, respectively. Not a surprise.
Key highlights from the Global Fintech Ecosystem Report:
- Europe and North America no longer dominate and the Asia-Pacific region joins as equal
- Growth of Fintech Funding is Slowing Down
- In early-stage funding (pre-seed to Series A), Europe and the Americas are up, although the USA less so, and China has dropped.
- Series B+ funding is significantly up as COVID-19 clearly separates winners from losers. More money is being poured into winners, hinting at consolidation. Also, China is the only region down but from a record 2019 ($14B in Ant Financial).
Pages that you cant miss:
Frankfurt is highlighted as an ecosystem to watch:
Deepdive on Frankfurt are presented on page 62 and 63.
The full report can be found here
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