This, the second annual list of the world’s most innovative technology providers is compiled by FinTech Global, a specialist research firm and is chosen by analysts and industry experts.
The WealthTech industry has seen huge growth over the last four years as new digital services to oversee personal finances, manage institutional investments and provide financial advice became more prominent. Total funding to the sector grew at a CAGR of 40.7% from $2.8bn in 2016 to over $7.8bn at the end of last year.
As a result, the competition to be identified as one of the leading 100 WealthTech companies in the world is fierce. A panel voted from a list of over 1,200 companies produced by FinTech Global. The finalists were recognised for their innovative use of technology to solve a significant industry problem, generate cost savings or efficiency improvements across the investment value chain.