As of November 2021, there were 10,755 fintech (financial technology) startups in the Americans, making it the region with the most fintech startups globally. In comparison, there were 9,323 such startups in the EMEA region (Europe, the Middle East, and Africa) and 6,268 in the Asia Pacific region.
What is fintech?
Fintech relates to application of innovative technological solutions in the financial services industry. These solutions are mostly developed by startup companies, which offer their services to established firms. The area mostly affected by fintech companies are mobile wallets and payments. This comes in line with an increasing number of people using a mobile banking app, particularly amongst young people.
Geographic considerations
Fintech adoption rates differ geographically based on several factors. Naturally, internet user penetration rates play a large part, particularly mobile internet usage. Trust of tech firms also affects adoption, as well as trust of, and access to, traditional financial services. Finally, access to capital hinges on the local amount of Fintech investment, which also depends on regional variables.
Number of fintech startups worldwide from 2018 to November 2021, by region
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
BCG (FinTech Control Tower). (November 8, 2021). Number of fintech startups worldwide from 2018 to November 2021, by region [Graph]. In Statista. Retrieved May 26, 2022, from https://www.statista.com/statistics/893954/number-fintech-startups-by-region/
BCG (FinTech Control Tower). "Number of fintech startups worldwide from 2018 to November 2021, by region." Chart. November 8, 2021. Statista. Accessed May 26, 2022. https://www.statista.com/statistics/893954/number-fintech-startups-by-region/
BCG (FinTech Control Tower). (2021). Number of fintech startups worldwide from 2018 to November 2021, by region. Statista. Statista Inc.. Accessed: May 26, 2022. https://www.statista.com/statistics/893954/number-fintech-startups-by-region/
BCG (FinTech Control Tower). "Number of Fintech Startups Worldwide from 2018 to November 2021, by Region." Statista, Statista Inc., 8 Nov 2021, https://www.statista.com/statistics/893954/number-fintech-startups-by-region/
BCG (FinTech Control Tower), Number of fintech startups worldwide from 2018 to November 2021, by region Statista, https://www.statista.com/statistics/893954/number-fintech-startups-by-region/ (last visited May 26, 2022)