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Laxman Pai, Opalesque Asia:

KPMG and H2 Ventures have released their annual compilation of the FinTech 100, recognizing the globe's top innovators in the financial technology (FinTech) space.

China, which led the Fintech100 for the past three years, had three companies in the top 10 this year. Overall, the Asia-Pacific region dominated the top 10 for another year with five companies in the ranking.

Ant Financial (China) ranked first for the second year running, followed by Grab (Singapore) and JD Digits (China). Coming in fourth was Indonesia-based GoJek. China-based Xiaoman Financial took sixth.

Two India-based companies also featured in the top 10, as did two companies from the US and one from the UK.

Ian Pollari, Global Co-leader for KPMG's Fintech practice and a partner with KPMG Australia said: "Globally, we have seen a rise in companies from across Asia-Pacific (including China) which represent the top six, and seven of the top 10 fintech companies in 2019, with China, again securing the most top-ten positions.

"In 2019, we have also seen the emergence of India as a fintech force, taking two of the top positions and with seven companies in this year's list in total," he added.

Toby Heap, Founding Partner, H2 Ventures, noted: "This year's Fintech100 reveals a significant increase in venture capital backing of fintech companies. The companies on the 2019 list have raised over $71 billion in venture capital (up 36 percent from last year's figure) and ......................

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