According to CB Insights, in 2020, the Fintech 250 cohort has raised approximately $49.2B in aggregate funding across 900 deals since 2015. The Fintech 250 includes Startups at different investment stages of development, from early-stage companies to well-funded Unicorns. The following chart presents the distribution of the top 250 Fintech ventures around the world.

Top 250 Fintech Distribution by Percentage 

About 54% came from the United States of America, 15% from the United Kingdom, and 8% from India. About 3% of Fintech Ventures each came from France, Canada, and German.  About 2% came from Brazil and 2% from Sweden.  Other countries include China, Singapore, Australia, Indonesia, Nigeria, Argentina, Belgium, Greece, Ireland, Israel, Italy, Japan, Malta, Mexico, Netherlands, South Africa, and Vietnam; each has less than 2%.

Expert Advice

The United States of America has novel information in building heath and potential ventures. Fintech ventures from other countries like Tanzania, Nigeria, South Africa, and others have to seek novel information through partnerships and collaboration with Fintech ventures from the United States of America and the United Kingdom. This might be the best way to influence more health and potential Fintech ventures around the world.

The Top 250 Fintech Ventures By Continent

About 59% of 2020, Fintech 250 ventures came from North America, 24% from Europe, 12% from Asia, 3% from South America, 1% from Africa, and 1% from Australia.  

Expert Advice

Based on the total population and market size of Asia, South America, and Africa continents, more investments are needed to build health and potential Fintech ventures.   

Top 250 Fintech Ventures By Continent per Country

AFRICA

ASIA

EUROPE

NORTH AMERICA

SOUTH AMERICA

AUSTRALIA 

The tours and travel industry has been affected by COVID 19. Our survey is interested to understand stakeholders' perceptions about this move in the tourism and travel sector.

We would appreciate your participation in this survey.

Get Started 

The Future of travel and tourism in the wake of COVID 19 by WTTC, 2020, shows that the world has and continues to suffer sizeable losses and setbacks due to COVID-19. Not least among those setbacks is the shock to the Travel & Tourism sector.

• 90% of the global population adjusted to life under travel restrictions and others stayed home in fear of the virus itself, the sector came to a near-total standstill.
• The Communities, large and small, depending on tourism and travel shouldering the burden of zero revenues, and millions have been furloughed or laid off within a few short months.
• More than 121 million global Travel & Tourism jobs and an estimated US$3.4 trillion in global GDP could be lost as a result of COVID-19

Change in Demand

• Traveler preferences and behaviors have shifted toward the familiar, predictable, and trusted.
• Domestic and regional vacations and the outdoors will reign in the short-term, with tourism businesses and destinations already adapting.

Health & Hygiene 

• Health and safety are paramount in this new era. Personal experiences, advice from experts, and concerns for distancing will guide consumer behavior in the short- to mid-term.

Innovation & Digitisation 

• Digital adoption and consumption are on the rise, with consumers now expecting contactless technologies, including biometrics among others, as a basic prerequisite for a safe and seamless travel experience.
• Cybersecurity is only becoming more important, particularly as remote work becomes the norm in the short to medium term and as identities are digitized.

AREAS FOR ENTREPRENEURS TO BUILD THEIR STARTUPS IN TOURISM AND TRAVEL SECTOR

The following are Opportunities for Entrepreneurs to build their Startups and reshape the tourism sector.

STARTUPS TO IMPROVE TRAVELERS EXPERIENCE

1. The Domestic & Regional Rebirth

The research found that about 77% of Chinese travelers favoring domestic travel within three months after the peak of the crisis. 71% of Americans looking at domestic locations.

What innovators need to do to boost domestic and regional tourism and travel?

Build innovative product which will facilitate domestic and regional tourism and travel

2. Appetite for Risk 

A traveler survey found that the “fear of exposing others” was the top concern for 39% of travelers in the UK and 31% in France.

What innovators need to do to address risk issues in domestic, regional, and international tourism and travel?

Build innovative product which will allow users to share risk places and things to do for each destination.

3. Contactless Convenience & automation

As new business models emerge to adapt to the changing market needs, the sector will focus on “automating the predictable so it can humanize the exceptional” according to Matthew Upchurch, Chairman & CEO of Virtuoso

What kind of Startups needed?

Building Startups to facilitate contactless or automation delivery of Tourism and travel services.

For example: 

• Payment service: The Tourism sector need products which will facilitate cashless payment
• Check-in or check out: The Tourism sector need products which will facilitate contactless check-in & check out.

STARTUPS TO IMPROVE BUSINESSES OR SERVICE DELIVERY

1. Acceleration of Digitisation 

Thinking about the airport of the future, Paul Griffiths, CEO of Dubai Airports, noted that a distributed airport experience with travelers getting into pods as they go through necessary checks may be developed in the future, and effectively reducing the number of travelers touchpoints.

What kind of Startups needed?

Building Startups to automate services across the traveler journey including the integration of connected rooms, contactless check-in, digital car keys, and delivery robots, among other technologies.

2. The Rise of Virtual 

Tourism Businesses and destinations alike will continue to adapt to the changing times, even offering virtual experiences as they work to re-inspire wanderlust in travelers and restart the sector.

What kind of Startups needed?

Building Startups to facilitate virtual tourism. Entrepreneurs can partner with tour operators to execute this startup.

3. Threat Prevention 

With the rise of remote work and the use of remote connections, businesses will prioritize the protection of consumer data accordingly and guard against major data breaches at a time when trust is paramount. According to Paul Griffiths, CEO of Dubai Airports, “defense and investment against cyberattacks need to intensify irrespective of COVID-19”. 

What kind of Startups needed?

Building Startups to support cybersecurity to protect the business from cyber-attacks.

About the AFCIA

The Adaptation Fund has launched a new USD 10 million pilot small grants programme (Adaptation Fund Climate Innovation Accelerator, AFCIA) to foster innovation in adaptation in developing countries at the United Nations Climate Change Conference (COP25) in Madrid. The AFCIA targets a broad range of potential finance recipients, including governments, non-governmental organisations, community groups, young innovators and other vulnerable groups.

The AFCIA will provide small grants to developing countries to support innovation for effective, long-term adaptation to climate change and is part of the Adaptation Fund’s Innovation Facility (please click here for more information). Two of the Adaptation Fund’s accredited Multilateral Implementing Entities (MIEs), the United Nations Environment Programme (UNEP) and the United Nations Development Programme (UNDP), receive USD 5 million each to administer and aggregate a project of small grants (up to USD 250,000 each). The Climate Technology Centre and Network (CTCN), which is the operational arm of the United Nations Framework Convention on Climate Change (UNFCCC) Technology Mechanism, works in conjunction with UNEP as an executing entity in the AFCIA.

Who can Apply?

•    (UNDP) The programme is open to Not-for-profit, Civil Society Organisations (CSOs) including Non-Governmental Organisations (NGOs), Business Member Association (BMO), other Association, Cooperative, Community Based Organizations registered in a developing country.

•    (UNEP-CTCN) The eligible countries in the programme include Non-Annex I Parties in Africa, Asia-Pacific and Latin America and Caribbean under the UNFCCC that do not have National Implementing Entities (NIEs) accredited with the Adaptation Fund (114 countries in total as of 26 June 2020). 

When to Apply?

•    UNDP - The first call for proposals will be open in late November, first stage of application deadline is 18th of December, and final grantees will be selected in early January. The first cycle of projects will be implemented for two years from December 2020 to December 2022. The second call for proposals will be in late 2022 for another two-year project cycle.

•    UNEP-CTCN - There will be three-time opportunities to submit an application (technology concept) to UNEP-CTCN. The first, second and third calls for application submission are planned to be open in November 2020, February 2021 and February 2022, respectively. 

Where to Apply?

All applicants can submit their application via programme webpages. The applicants can download an application form or submit their application online.

Apply Now