Future of Global Fintech Second Edition 2025

In contrast, fintech firms in the Middle East and North Africa (MENA), Latin America and the Caribbean (LAC) and Europe demonstrated a strong international presence (72%, 71% and 70%, respectively), with a substantial proportion venturing into another region (42%, 29% and 43%, respectively). The US and Canada showed a balanced approach, with half expanding internationally and into other regions. International expansion varied across fintech verticals. While some remained focused on local markets, others pursued international opportunities, with expansion rates ranging from 43% for digital lending firms to 79% for insurtech firms. Notably, surveyed insurtech, wealthtech and digital payment firms showed significant cross-regional expansion (43%, 48% and 37%, respectively). Respondents were almost evenly distributed by income level, with 55% representing firms operating in advanced economies (AEs) and the remaining 45% operating in emerging markets and developing economies (EMDEs). Distribution of fintechs by region FIGURE 1 APAC Europe LAC MENA SSA US and Canada30% 28%18%9%8%7%Operational and headquarter regions and countries The Future of Global Fintech: From Rapid Expansion to Sustainable Growth 6