Nigeria’s Paystack is the only African startup shortlisted in the 2019 edition of the Fintech100 report compiled by KPMG and H2 Ventures.
The report which was unveiled recently represents the sixth annual Fintech100 report by the auditing and business advisory company. The list comprises the best fintech innovators from around the world.
The companies selected were determined based on extensive global research and analysis of data across a range of dimensions including the core five factors.
The core five factors are, average annual capital raised; the rate of recent capital increases; geographic diversity; sectorial diversity; and the XFactor, which focuses on the degree of product, service and business model/innovation of newer companies.
The #Fintech100 list is divided into parts. The first part called the ‘Leading 50′, comprises a list of 50 established fintech companies. The second part is the ‘Emerging 50′ which is a list of newer fintech startups across the world that are showing important potential.