Future of Global Fintech Second Edition 2025

Distribution of fintechs by annual revenue between 2022-2023 in $, millions FIGURE 3 16% 10%<2 million 24% 24%2-10 million 10-50 million 50-100 million >500 million100-500 million7%19% Looking at the operations, 48% of fintechs reported having annual revenue ranging from under $2 million to $10 million (24% for each group) between 2022- 2023. Additionally, 26% reported annual revenue of between $10 million and $100 million (19% $10-50 million and 7% $50-100 million), followed by 16% with revenue of $100-500 million. Another 10% reported annual revenue of over $500 million. This reflects a strong composition of fintechs with lower but significant revenue levels. In total, 23% of fintechs in AEs and 26% of fintechs in EMDEs reported revenue under $2 million. AEs led in the $2-10 million (27% versus 20%) and $10-50 million (20% versus 17%) ranges, while EMDEs had a higher share in the $100-500 million range (20%). Across most verticals, except for digital payments and digital lending, annual revenue under $2 million was the major trend. Digital capital raising had the highest prevalence (63%), followed by wealthtech (41%) and digital banking and savings (36%). Most digital payments firms reported revenue of $2-10 million (29%) and $100- 500 million (2%). The Future of Global Fintech: From Rapid Expansion to Sustainable Growth 8