The top 100 WealthTech companies of 2019 from across the globe have been identified in the inaugural WealthTech 100 list, which has been compiled by FinTech Global.
Companies to make the list were recognised for their efforts transforming the wealth and asset management industries.
The WealthTech sector is one of the fastest growing vertical of FinTech, having grown five-fold since 2014 to reach $4.6bn in funding last year, according to data by FinTech Global. Due to this increased appetite, the list was compiled to give asset and wealth management leaders a clear list of the most influential and promising companies in the space.
A panel of industry experts and analysts were responsible for identifying the companies to make the list, reviewing a study of over 1,000 WealthTech companies undertaken by FinTech Global, a data and research platform.
To make the list, companies needed to be using innovative technology to solve a complex industry problem or generate cost savings or efficiency improvements across the value chain.
Of the companies to make the list, 80 per cent were located in Europe or the US. The US led the way with 29 companies on the list, followed by the UK and Switzerland, with 22 and 11 companies, respectively.
Other countries to be represented in the list include Australia, Germany, India, Israel, Singapore and Canada.
FinTech Global director Richard Sachar said, “With the rise of mobile and digital distribution channels, new business models and personal finance consumer propositions, the wealth management industry is undergoing huge change.
“The WealthTech 100 companies offer solutions that enhance functions across the entire investment value chain, including client acquisition, portfolio management, investment planning and risk management.”
The full WealthTech 100 list can be found at www.WealthTech100.com and more detailed information about the featured companies is available to download for free.
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