Financial Technology Sector Overview – Q3 2019 Update

In this post we examine the different components of the financial technology (fintech) ecosystem. We will illustrate what the categories of innovation are and how they compare with one another.

Consumer Lending Is The Largest Financial Technology Category

Let’s start off by looking at the Sector Map. There are 2,779 fintech startups across 16 categories through Q3 2019. They have cumulatively raised $161B. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies within the category.

We see that Consumer Lending is the largest category with 377 companies. These companies offer new ways for consumers to obtain personal loans and have their credit risks assessed. Some example companies include SoFi, CommonBond, and Kreditech.

Introducing the Financial Technology Category Funding Rank Chart

Now let’s look the Category Funding Rank Chart. This graph illustrates how the relative category funding ranks have evolved over time. Please note that a category’s ranking in each year indicates its placement based on the funding made into that category in that year only, without including any cumulative funding from the previous years.

As you can see, while some categories have maintained stable funding ranks, others have shifted around considerably. This chart gives a sense of where the dollars are flowing within the fintech ecosystem over the past few years.

Visit our report overview page to learn more about our full Financial Technology coverage.