TOP 10
04
São Paulo
Most valuable fintech :
Nubank Value ( in USD ): $ 25bn
Breaking up the standard hegemony of Europe and North America in the fintech scene , Latin America is emerging as a force to be reckoned with , and São Paulo is its key hub .
Brazil currently accounts for 51 % of all fintech investment on the continent , with São Paulo housing some of the sector ’ s greatest success stories , including Nubank .
Beyond banking , the city provides a robust and diverse ecosystem of capabilities , including payments , cryptocurrencies , lending , and more .
03
Melbourne
Most valuable fintech :
Afterpay Value ( in USD ): $ 28.7bn
As fintech began gaining significant momentum around 2015 / 2016 , Australia quickly established itself as a key player . Sydney might have a larger financial sector overall , but it is Melbourne that houses one of the world ’ s most valuable startups , Afterpay .
Notably , Melbourne is also the country ’ s most tech-focused city . Driven by a highly skilled and diverse workforce , the city has over 330 fintechs and its top five alone are collectively valued at over $ 30bn .
104 July 2021