Fintech is a new industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.

There are many companies in fintech field we will introduce them in this article.

The Biggest Fintech Companies in The World

Ant Financial is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world’s most valuable unicorn company, with a valuation of US$150 billion.

it allows individuals and businesses to execute payments online in a secure manner. Alipay’s users are primarily buyers and sellers engaging in e-commerce transactions. With a registered user base of approximately 43.5 million as of June 2007, Alipay is an accepted online payment method for many online retail websites and service providers in China.

Xero is a New Zealand domiciled public software company that offers a cloud-based accounting software platform for small and medium-sized businesses. The company has offices in New Zealand, Australia, the United Kingdom, the United States, Canada, Asia, and South Africa.

SoFi is an online personal finance company that provides student loan refinancing, mortgages and personal loans. To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. A hard credit pull, which may impact your credit score, is required if you apply for a SoFi product after being pre-qualified.

Avant is a private Chicago, Illinois-based company in the financial technology industry. it is an online lending platform for lowering the costs and barriers of borrowing for consumers. Through the use of big data and machine-learning algorithms, the company offers a unique and highly customized approach to streamlined credit options.

Klarna is a Swedish bank that provides online financial services such as payment solutions for online storefronts, direct payments, post-purchase payments and more.

Lufax is an online Internet finance marketplace in China headquartered in Lujiazui, Shanghai. it is an associate of China Ping An Group. it launches online wealth management services in Singapore via Lu Global, instead of its basic P2P lending business in China.

ZhongAn is a Chinese online-only insurance company. the company’s headquarters are based in Shanghai, China. ZhongAn’s chairman and executive director is Yaping Ou who is also an executive director.