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.
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.
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.
Categories
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.