TOP 10

82

The most valuable fintech entity in the world by a significant margin ( 316 % more valuable than our number two entry ), Ant Group ’ s customer base of over 588 million makes it one of the most significant industry success stories in recent years . An affiliate of Chinese multinational tech firm Alibaba , the company ’ s progress in 2020 has not been halted by the coronavirus pandemic : Ant Group announced in January that it applied for a Singaporean digital banking license , and in August it officially filed documents for a $ 34bn IPO . Its future remains bright though uncertain after Chinese regulators suspended its record-breaking market debut in November , just days before trading was due to open . DECEMBER 2020