The Asian Banker Promising Fintech Ranking

TAB curates top 10 promising fintech technology driven disrupters, innovators, platforms and technology companies that have the greatest potential to revolutionize the industry in their respective communities.

Belief statement

We believe that a potentially successful financial technology (fintech) company has a strong product proposition in solving a real business need through technology, the ability to bring a fundamental transformation or disruption in the financial services industry and the potential to generate scale across regions. Appropriate financial support from the right investors, as well as having an installed user base are proofs of concept and important evidence that third parties have evaluated the proposition and are willing stakeholders. In addition, a robust execution capability, strong people commitment, ability to fund its growth trajectory and the drive and vision of the principle promoters are important consideration to its success.

Sample Videos
Country (headquarter) Sector Business model Market Technology and Asset Competitors' analysis Financial performance Investor support Team Total score
Fintech Maximum score achievable 1.43 1.43 1.43 1.43 1.43 1.43 1.43 10.00
Singapore Cross-border payment 1.065 1.12 1.21 0.89 0.92 10.00 0.97 7.27
Singapore Advance.AI 1.12 1.14 1.21 1.03 0.50 1.10 1.14 7.22
Vietnam Payment/Wallet 1.03 0.73 0.89 0.99 0.99 1.18 1.16 6.98
Singapore SME finance/P2P lending 0.94 1.07 0.96 0.71 0.92 1.11 0.95 6.65
Singapore Digital wealth/B2C Robo-advisor 0.87 0.98 1.03 0.71 0.92 0.87 0.75 6.13
Indonesia Payment/Credit 0.87 0.99 0.85 0.78 0.64 1.12 0.80 6.06

Source: Asian Banker Research

We exclude companies that are still in their formative stages or have been formed to resolve tactical problems in the legacy ecosystem.

Our most promising fintech list does not include the most obvious companies as these are already well-funded. We are focused on handpicking fintechs that are most likely to succeed in the future.

Eligibility criteria

1. Should have been in operation for ten years or less

2. Founders should still be invested and active in the company

3. Track record of investor funding

4. Compelling proposition either as a technology provider or as a platform

We exclude companies that are still in their formative stages or who have been formulated to resolve tactical problems in the legacy ecosystem

Evaluation criteria

1. Business Model

  • Key business problem it seeks to solve
  • Revenue generating product/service features
  • Transformation/disruption potential
  • Key milestones

2. Market

  • Existing markets of operation
  • Customer or user growth
  • Potential market size
  • Ecosystem partnerships

3. Technology and Assets

  • Unique technology features
  • Licences

4. Economic Moat and competitor’s analysis

5. Financials

  • Revenue and annual growth rate
  • Key cost considerations and cash burn rate
  • Proximity to break even

6. Investor support

  • Investor funding
  • Profile of key investors
  • Future plans

7. Team

  • Founders and senior management profile
  • Employee breakdown and growth

8. TAB SWOT Analysis