AndhraNews.net
Home » Business News » 2015 » December » December 21, 2015

PromisePay Named as Global Fintech100 'One to Watch'


December 21, 2015 - San Francisco, Ca And Melbourne, Australia

PromisePay, the fully managed payments solution for marketplaces and platforms, has been named as a fintech company to watch in the annual Global Fintech 100 list. The report, published by investment firm H2 Ventures and KPMG, includes the leading 50 established Fintech companies across the globe and the most intriguing 50 'Emerging Stars.'

The 'Fintech 100' report includes 40 companies from the Americas, 20 companies from EMEA, 18 companies from the UK and 22 companies from the Asia-Pacific region, including 10 from Australia and New Zealand.

The Fintech 100 in 2015 includes:

  • 25 payments and transactions companies
  • 22 lending companies
  • 14 wealth companies and
  • 7 insurance companies

The list has become a definitive summary of the most successful and fast growth companies in the fintech space across the world. Other members of the Global Fintech 100 list include Square, Stripe, FundingCircle, LendingClub, TransferWise and Angellist.

According to the report, fintech is defined as the "combination of technology and financial services resulting in the disruption of the finance industry" and this sector has seen substantial growth over recent years. Global fintech financing has risen seven-fold over the past three years to an estimated US$20billion for 2015, a rise of 66% on the level of investment in 2014.

PromisePay cofounder and CEO Simon Lee commented: "Recognition such as this from peers and experts is always great to receive and we are honoured to be on this list. Together with the level of interest we have had from marketplace and platform operators and the general reaction to our platform, 2015 has been a great year and we look forward to more next year as we continue to scale our operations in the US and across Asia Pacific and Australia."

About Fintech Innovators: Fintech Innovators was formed by H2 Ventures, in collaboration with KPMG Fintech, and publishes information on the world's most successful, exciting and high impact new companies reshaping the financial services industry using new technologies.

About PromisePay
PromisePay is the world's most sophisticated, fully managed payments platform built just for online marketplaces and platforms. Since 2013, PromisePay's purpose has been to help online marketplace communities safely buy and sell the things they love, want, and need. For more information, visit www.promisepay.com

CONTACT
Alicia Brand-Palimaka
Email Contact

MarketWire

Comment on this story

Share