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Nigerian Paystack represents Africa on the KPMG Global #Fintech100 2019 List

Collectively the top 100 fintech companies raised over $US70 billion in venture capital funding

2019 fintech100 logo

The global #Fintech100 2019 report was compiled by H2 Ventures and KPMG. The list is a compilation of the best fintech innovators internationally.

The companies and startups picked were selected from the global pool, based on research and data analysis conducted that looked into five factors; annual capital raised, sectorial diversity, geographic diversity, annual capital raised (average), and the XFactor touching on product degrees, services, and business innovations.

The #Fintech100 featured in two parts, the “Leading 50” that comprises established fintech companies. The next part was an “Emerging 50” list of new startups showing lots of potential internationally.

Africa’s performance

No African startup featured among the top 50, however, Transferwise, a startup with a significant African presence was at number #28.

Paystack

Paystack was the only African startup that made the list at #98. The list keeps changing year on end as publishers target new fintech companies across the globe. 2018 saw WalletNG (Nigeria), Thisisme (South Africa), and Cellulant (Kenya) make it to the list.

Paystack was founded in 2016 by Ezra Olubi and Shola Akinlade and acts as a modern online and offline payment platform. The startup helps African businesses receive payment from anyone anywhere across the globe. The startup has thus far attracted investment from Y Combinator, Google Launchpad Accelerator, Stripe, Tencent Holdings, Visa, and the Tokyo Founders Fund.

 

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