Australian companies performed strongly in the 2017 Fintech100, with 10 Australian fintechs appearing on the list announced by Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech.

The Fintech100 is divided into ‘Top 50’ global firms, ranked on innovation, capital raising activity, size and countries; and the ‘Emerging 50’, companies that are at the forefront of innovative technologies and practices within financial services.

Three Australian companies, Prospa, ZipMoney and AfterPay Touch, made the Top 50, either as a new entry or at a higher rank than their 2016 placement.

Seven Australian fintechs were represented on the Emerging 50: Airwallex, CoverGenius, Hyper Anna, Macrovue, MoneyMe Financial Group, Tic:Toc, and Valiant.

Notably, the Fintech100 was dominated by ‘disrupters’, fintechs focused on disrupting traditional models, which represented 73 of the Fintech100.

Ian Pollari, Global co-lead of KPMG’s Fintech practice, said "Australia has once again demonstrated its strong fintech credentials with a very strong showing on the Fintech 100. Globally, disruptive fintech companies continue to dominate, representing strong interest from investors in business models and management teams that are seeking to radically change the industry paradigm.

“That said, the importance of ‘enablers’ – companies working in cooperation with financial services institutions to steadily improve products and services – has remained steady. Across the 2017 list, there are 27 such enablers; working across accounting, insurance and banking," he said.

Ben Heap, Founding Partner at H2 Ventures said: "Capital continues to flow into the fintech sector reflecting investor confidence in the future potential of these firms. Australian fintechs Prospa, ZipMoney and AfterPay Touch have all raised significant capital over the past 12 months.

“The Top 50 are a strong reflection of the diversity of fintech innovation. There are fintechs with lending and payment platforms, insurtech, digital banking and companies applying big data to fintech. Superior data & analytics capability notably will be a requirement to be a great financial services firm in the future, be it a traditional bank or a game changing fintech startup,” he added.

Overall, the Fintech100 includes 41 companies from the UK and EMEA (Europe, the Middle East and Africa); 29 companies from the Americas (North and South America); and 30 companies from ASPAC (including Australia and New Zealand).

View the full Fintech100 list or download the report here.