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Top 10 Fintech Countries 2020

Fintech Magazine takes a look at the Top 10 Fintech Countries and breakdown the stats to support their ranking. 

With the finance world pushing more and more for digital transformation, it will be interesting to see how these rankings change over the next 12 months. 

  • Can the growth in the German financial tech scene push them into the Top 10? 
  • Will the tech-based arena in Israel propel them into the list?
  • Can India, with its Unicorns and rapidly expanding FIntech’s force their way into next year’s big 10? 

Data sourced from Findexable. 

10 | Estonia

Estonia - Top 10 Fintech Countries
  • Strengths: Digital Payments - Personal Finance - Alternative Lending

  • Population: 1.3 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders: Fortuma - Veriff

  • Fintech Investments: -

  • Wifi Speed: #3

9 | Canada

Canada - Top 10 Fintech Countries
  • Strengths: Cryptocurrency & Blockchain - Lending - Insurance

  • Population: 37.5 million

  • No of Fintech Cities Ranked in Top 100: 5

  • Local FinTech Leaders: Carta - Borrowell - Wave

  • Fintech Investments: -

  • Wifi Speed: #19

8 | Australia

Australia - Top 10 Fintech Countires
  • Strengths: Digital Payments - Personal Finance - Alternative Lending

  • Population: 25.3 million

  • No of Fintech Cities Ranked in Top 100: 2

  • Local FinTech Leaders: Judo Capital - Airwallex - MoneyMe

  • Fintech Investments: -

  • Wifi Speed: not in top 20

7 | Sweden

Sweden - Top 10 Fintech Countires
  • Strengths:  Digital Payments - SME - Neobanks

  • Population: 10 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders:  Klarna - iZettle - Anyfin

  • Fintech Investments: - $36.7m

  • Wifi Speed: #17

6 | Netherlands

Netherlands - Top 10 Fintech Countries
  • Strengths: Digital Payments - Alternative Lending - Investment

  • Population: 17.1 million

  • No of Fintech Cities Ranked in Top 100: 2

  • Local FinTech Leaders: Adyen - Ohpen - BUX

  • Fintech Investments: -

  • Wifi Speed: not in top 20

5 | Switzerland

Switzerland - Top 10 Fintech Countires
  • Strengths: Cryptocurrency & blockchain - Wealth Management - Crowdfunding

  • Population: 8.6 million

  • No of Fintech Cities Ranked in Top 100: 4

  • Local FinTech Leaders: Avaloq Group - Ethereum - Numbrsa

  • Fintech Investments: -

  • Wifi Speed: #14

4 | Lithuania

Lithuania - Top 10 Fintech Countries
  • Strengths: Payments - Lending - Banking

  • Population: 2.8 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders: Stockinvest us - Coingate - NEO Finance

  • Fintech Investments: -

  • Wifi Speed: #1

3 | Singapore

Singapore - Top 10 Fintech Countires
  • Strengths: Wealth Management - Digital Banking - SME

  • Population: 5.8 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders: TenX (val: $3.5bn) - Quoine ($123m) - KyberNetwrok ($105m)

  • Fintech Investments: $735m 

  • Wifi Speed: #12

2 | UK

UK - Top 10 Fintech Countries
  • Strengths: Challenger Banks - Personal Finance & Wealth - Lending - Blockchain

  • Population: 67.5 million

  • No of Fintech Cities Ranked in Top 100: 3

  • Local FinTech Leaders: TransferWise (val: $3.5bn) - Greensil ($3.5bn) - BGL Group ($3bn)

  • Fintech Investments: $2.29bn 

  • Wifi Speed: #6

1 | USA

USA - Top 10 Fintech Countries
  • Strengths: Payments - B2B Fintech - Security

  • Population: 329 million

  • No of Fintech Cities Ranked in Top 100: 22

  • Local FinTech Leaders: Stripe (val $22.5bn) - Coinbase ($8bn) - Robinhood ($5.6bn)

  • Fintech Investments: $9.4bn (H1 2019)

  • Wifi Speed: #20

 

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10 | Estonia

Estonia - Top 10 Fintech Countries
  • Strengths: Digital Payments - Personal Finance - Alternative Lending

  • Population: 1.3 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders: Fortuma - Veriff

  • Fintech Investments: -

  • Wifi Speed: #3

9 | Canada

Canada - Top 10 Fintech Countries
  • Strengths: Cryptocurrency & Blockchain - Lending - Insurance

  • Population: 37.5 million

  • No of Fintech Cities Ranked in Top 100: 5

  • Local FinTech Leaders: Carta - Borrowell - Wave

  • Fintech Investments: -

  • Wifi Speed: #19

8 | Australia

Australia - Top 10 Fintech Countires
  • Strengths: Digital Payments - Personal Finance - Alternative Lending

  • Population: 25.3 million

  • No of Fintech Cities Ranked in Top 100: 2

  • Local FinTech Leaders: Judo Capital - Airwallex - MoneyMe

  • Fintech Investments: -

  • Wifi Speed: not in top 20

7 | Sweden

Sweden - Top 10 Fintech Countires
  • Strengths:  Digital Payments - SME - Neobanks

  • Population: 10 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders:  Klarna - iZettle - Anyfin

  • Fintech Investments: - $36.7m

  • Wifi Speed: #17

6 | Netherlands

Netherlands - Top 10 Fintech Countries
  • Strengths: Digital Payments - Alternative Lending - Investment

  • Population: 17.1 million

  • No of Fintech Cities Ranked in Top 100: 2

  • Local FinTech Leaders: Adyen - Ohpen - BUX

  • Fintech Investments: -

  • Wifi Speed: not in top 20

5 | Switzerland

Switzerland - Top 10 Fintech Countires
  • Strengths: Cryptocurrency & blockchain - Wealth Management - Crowdfunding

  • Population: 8.6 million

  • No of Fintech Cities Ranked in Top 100: 4

  • Local FinTech Leaders: Avaloq Group - Ethereum - Numbrsa

  • Fintech Investments: -

  • Wifi Speed: #14

4 | Lithuania

Lithuania - Top 10 Fintech Countries
  • Strengths: Payments - Lending - Banking

  • Population: 2.8 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders: Stockinvest us - Coingate - NEO Finance

  • Fintech Investments: -

  • Wifi Speed: #1

3 | Singapore

Singapore - Top 10 Fintech Countires
  • Strengths: Wealth Management - Digital Banking - SME

  • Population: 5.8 million

  • No of Fintech Cities Ranked in Top 100: 1

  • Local FinTech Leaders: TenX (val: $3.5bn) - Quoine ($123m) - KyberNetwrok ($105m)

  • Fintech Investments: $735m 

  • Wifi Speed: #12

2 | UK

UK - Top 10 Fintech Countries
  • Strengths: Challenger Banks - Personal Finance & Wealth - Lending - Blockchain

  • Population: 67.5 million

  • No of Fintech Cities Ranked in Top 100: 3

  • Local FinTech Leaders: TransferWise (val: $3.5bn) - Greensil ($3.5bn) - BGL Group ($3bn)

  • Fintech Investments: $2.29bn 

  • Wifi Speed: #6

1 | USA

USA - Top 10 Fintech Countries
  • Strengths: Payments - B2B Fintech - Security

  • Population: 329 million

  • No of Fintech Cities Ranked in Top 100: 22

  • Local FinTech Leaders: Stripe (val $22.5bn) - Coinbase ($8bn) - Robinhood ($5.6bn)

  • Fintech Investments: $9.4bn (H1 2019)

  • Wifi Speed: #20

 

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