You can search by country, category, or company name to see which firms made the cut.To identify the top 200 fintech companies, Statista carried out a quantitative analysis of the global market across nine categories.
These categories reflect the fact that fintechs in different fields can't be compared like-for-like. A business like Monzo, for example, operates in a very different manner to Stripe . To help with the research, CNBC issued a public call for nominations in March, giving eligible fintechs the chance to share more information on their business model, revenue, transaction volumes, and other key data.
Since many fintech businesses are privately held, they aren't required to disclose their accounts publicly. Voluntary sharing of information about business models was key to analyzing the market.More than 1,500 fintech companies were assessed by Statista during the analysis period, and over 10,000 data points were assessed, including annual reports, company websites, and news articles.
Statista developed a scoring model for the companies by calculating the aggregated scores on how firms performed versus their respective KPIs — revenues and revenue per employee, for example — along with a separate score on how the companies performed against specific KPIs within their respective market segments.To decide which ones should make the cut, Statista broke down the scoring model into a 40% weighting for general KPIs, and 60% for segment-specific KPIs.