CFTE launches FinTech 50 report examining the growth of rising stars
7th August 2019
Level39 member CFTE have published their Fintech 50 report entitled ‘5 Years in Fintech: What are the Key Takeaways?’.
This report examines the growth trajectory of the 50 Fintech companies highlighted by KPMG in their 2014 report ’50 Best Fintech Innovators’.
On average, CFTE found that they have been enormously successful, 12 of them achieving unicorn status and only 2 going bankrupt. These 12 companies now have a valuation in excess of $90bn.
Out of the 50 companies, 12 are valued at over US$1 billion, with a collective total of US$6.1 billion in investment raised since 2014. Around 30,000 employees are now working for these firms.
About CFTE: CFTE is a platform supported by senior leaders from the largest institutions, startups and universities. It addresses the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from the online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast growing startups such as Revolut or Shift Technology.