A comprehensive list of the world’s top 200 Fintech companies has been released by CNBC in partnership with Statista, an independent market research firm. This list includes the names of all those fintech companies that are tech-enabled and are contributing to innovation in finance-related products and services.
The fact that fintech business performance in different fields can’t be compared side-by-side made them divide these companies into nine different categories across neo-banking, digital payments, digital assets, digital financial planning, digital wealth management, alternate financing, alternate lending, digital banking solutions, and digital business solutions. These companies under these categories were judged based on the total number of users, volumes, revenues, and total funding raised.
The research firm analyzed more than 1500 fintech companies over 10,000 data points, including company websites and news articles. They even prepared a scoring model based on key performance indicators.
The scoring model was divided into two parts – 40% for general KPIs and 60% for market segment-specific. Companies with the highest scores in the market segment made their name on the list.
EnKash has been listed among the world’s top 200 fintech companies under the Digital Business Solutions category.
The companies listed under the Digital Business Solutions category are providing financial solutions for businesses ranging from accounting to finance to human resources and fraud.
Over the years, we have seen the finance sector move towards digital. According to industry experts, this inclination is bound to increase in the future, and that’s why it has become inevitable to look for solutions for all possible threats online. The need to have platforms that can help companies deal with their own cost is crucial.
EnKash, as a fintech company is providing a platform to all small and medium-sized enterprises to manage their business finances better. It is a one-stop solution for accounts payable, receivable, reconciliation, expense management, and rewards and recognition. The platform intends to take away all the unnecessary burden of managing business finances from these companies and manage it on their behalf, saving them time and money and enabling them to develop innovative solutions in their respective industries.