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This infographic takes you through all of the stats and statistics you need to know about FinTech, this includes stats such as how many FinTech companies worldwide are achieving prominence, for example in last couple year, UK FinTech has generated over £6.6 billion in revenue, there are over 1300 companies around the world and still growing.

This very helpful will educate you just how much FinTech has grown through the world, this infographic will show you how much FinTech has grown for countries such as the United States, China and India. United States have gained £4.5 billion, then china with £2 billion and India with £1.65 billion.

The numbers behind the investments are quite incredible. There has been a 120% increase in revenue in Europe alone, a 51% increase of deals worldwide and a massive 201% increase of investments over just one year. This infographic has been brought to you from FCA compliance experts FinTech compliance. Please see the infographic for even more interesting stats on FinTech and its growth over the last few years. [1]

Courtesy FCA compliance experts FinTech compliance - ABCMoney.

Courtesy FCA compliance experts FinTech compliance – ABCMoney.

Another Startup – Fintech Prediction;

1. Southeast Asia will become a bigger internet market than America

The ASEAN region will register over 300 million smartphone users in 2018, compared to America which only has 225 million. What that means is that every global app or service you can think of (email, social media, chat, etc.) has more users in Southeast Asia than in all of America. What this also means is that internet companies in our part of the world can – and should – be bigger than our US counterparts in time!

 

2. Funding will be harder to get – so conserve what you have

In this 2017, fundraising is going to get harder for most companies. Recent news items talking about a tough VC climate, flat rounds, and a challenging fundraising environment are correct. The money is out there, but investors and VCs are going to be a lot more demanding on the caliber of companies worthy of further funding. Simply closing funding based on increases in revenue when your unit economics remain negative isn’t going to cut it. If you don’t know your CAC intimately (or even what it is), you have no chance of raising further funding (whereas 12 months ago you could, because even then, most VCs didn’t know what it was either!).

 

3. At least three companies will raise 9-figure rounds (US$100 million+)

2017 is the year of big funding rounds for a select few companies that are creating massive disruption. Go-Jek and Grab were not one-offs in 2016. We really are in a region creating great massive companies (see #1). Smart entrepreneurs will scale quickly requiring that next funding boost to wipe out the competition (most often, from outside the region).

 





4. There will be another exit in excess of US$500 million

We’ve seen three exits in excess of US$500 million (Jobstreet, iProperty and Lazada) over the last couple of years, and this trend will continue. More and more corporate buyers in the West and up North (China, Korea, Japan) are realizing that they can’t always go it alone, and that working with and acquiring local teams and entrepreneurs can give you unprecedented market share and dominance from day one. BAT (Baidu, Alibaba, Tencent) all have teams in the region looking for the next big deal, so expect them to find something sooner rather than later.

 

5. The year of China

China is quietly and quickly becoming an influential force in the region – more than US internet companies, for a number of reasons. Expect this to continue with more Chinese VC funds coming to Southeast Asia, Chinese entrepreneurs spending more time in the region and more Chinese corporates (BAT and many others) investing (and acquiring) in the region.

 

6. There will be a widespread embrace of fintech

There’s been a number of small players dabbling in Fintech, but 2018 will see widespread growth in this sector. Consumers are becoming more open to using the technology, governments are getting more comfortable with the idea of Fintech and banks are looking to partner with entrepreneurs to drive this.

 

7. A different startup will run out of money every week

It’s only natural. Some will be high-profile, but the majority will quietly disappear and close operations. Nobody ever said building a disruptive business was easy. The good news is that everyone involved in a startup that didn’t make it will have learned incredibly valuable lessons that will make their next venture significantly more likely to make it!

I’m excited to see what 2018 brings. I think it’s the year for Southeast Asia to make huge steps towards becoming a superpower in the Internet world and we look forward to being part of this dynamic beautiful ecosystem. [2]

 

This Article Curated by Benang Merah Komunikasi’s Editorial team.

We consider to take journalism ethics and contents reposting etiquette seriously, that you can find here about media ethics. We do curation article for our audiences, not for search engine bots. By addressing this growing area of concern we hope reader can be smart to filter and understand between content plagiarism and content curation method.

References Sources:

[1] Taken from The Future Is FinTech written by ABC Money UK.

[2] Taken from Patrick Grove: 7 predictions for Southeast Asia’s tech scene in 2017 by Partick Grove for TechInAsia.

 

Editorial Benang Merah Komunikasi

Author Editorial Benang Merah Komunikasi

“Benang Merah Komunikasi Indonesia seeks to become a global leader in digital media solutions and digital marketing in the era of AEC ( ASEAN Economic Community ) in 2017 and it has been started since early 2015, especially in Indonesia. We hope that we can give our customers something to create breakthrough digital content, spread in the media and services, measure and optimize from time to time, and achieve greater business success. We help our customers create, manage, promote and monetize their content in each channel and display. We are passionate creative entrepreneurs and strategists working with forward-thinking brands, institutions, and agencies.”

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