SINGAPORE (Oct 24): China’s fintech companies are coming out tops among leading fintech innovators globally, with 4 out of the five best companies coming from the country. The ranking is based on the annual list of the leading 50 established fintech innovators compiled by Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech. The list also includes a list of the top 50 emerging stars, or new fintech startups which offer innovative and disruptive ideas. The level of funding has also risen for these fintech companies, which in turn represents the growing disruption happening in the global financial services industry, according to H2 Ventures’ Toby Heap. Collectively, the 50 established companies draw another US$14.6 billion ($20.3 billion) in investment capital from a year ago, an increase of 40%.

Source: The Edge Markets October 24, 2016 13:55 UTC