Quantity – Size of fintech ecosystem and supporting structures – number of fintechs, fintech hubs, co-working spaces, accelerators, global influencers and population (countries only).

The country and city rankings are calculated from a total score comprised of a combination of three metrics: Methodologyįor the purpose of the Index algorithm, fintech is any business that applies a technologically enabled innovation specifically geared for the provision or distribution of financial services.

Furthermore, they also encourage the local population to join the startup revolution. Unicorns are vital success stories that increase money flow to the local startup ecosystem.

Specifically for Crunchbase, the partnership allowed us to locate hundreds of unicorns around the world and include them as a critical part of the algorithm. We also analyzed data gathered from more than 50,000 members throughout the Global StartupBlink community. The algorithm analyzes tens of thousands of data points and is powered by our global partners including Crunchbase and SEMrush. The mission is to help financial institutions, governments, and investors understand how innovation is evolving and what it takes to build a thriving fintech ecosystem. This project involved a consortium of global partners including government and development agencies, accelerators, our technology partner St artupBlink, and data partners Crunchbase and SEMrush. The San Francisco Bay Area, London, New York, Singapore City, and Sao Paulo round out the top 5. The report, which evaluates 230+ cities and 65 countries, is designed to highlight opportunities and drive transparency across the ecosystem. Findexable launched the Global Fintech Index City Rankings 2020 Report, the first global, real-time, objective ranking of all cities with a fintech cluster.

Rank of global cities