A list of the “50 Best FinTech Innovators” that has been making the rounds as the year winds down is dominated by alternative lenders.
The list, assembled by Sydney-based investment firm Australasian Wealth Investments (AWI), has seen heavy sharing on Twitter among FinTech enthusiasts.
Nine of the Top 20 companies are alternative lenders. These are companies making typically small, short-term loans — a product that can be difficult for banks to make money on — to consumers and small businesses.
Alternative investment platforms are also strongly represented. Wealthfront, a Palo Alto-based investment platform targeting the tech-savvy, topped the list.
AWI calls the companies on the list “The Disruptors,” and describes them in this way:
The financial services industry is facing a wave of digital disruption that is starting to reshape the industry. Global Fintech financing has grown from less than $930 million for the whole of 2008 to over $1.04 billion in the month of October 2014 alone. Read on to see the shining stars disrupting in this bold new space.
Considering the amount of capital flooding the coffers of online lenders, this high estimation of their worth seems fair enough. But we missed the banking services provider Moven, which is making significant inroads across the globe and picking up strong investments of its own.
Take a dive into the list here.