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SA startup Zoona makes global fintech rankings

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Zoona, an African mobile payments business that helps communities thrive by enabling emerging entrepreneurs to provide much needed financial services in their communities has been listed in the FinTech 100 list compiled by KPMG.
The nomination follows on the company’s selection for the African Fintech Awards in October 2016.
“The last year has been an excellent one for Zoona in terms of international recognition. We are very proud to have won incredible awards on an international scale,” Mike Quinn, CEO of Zoona.
“Zoona won the Africa Entrepreneurship Award for Social Entrepreneurship, was a finalist in the Pricheck Fintech Awards and in the African Fintech Awards. Now we have earned another important accolade that further motivates us to carry on with our mission of helping communities thrive.”
Fintech Innovators, a collaboration between Fintech investment firm H2 Ventures and KPMG Fintech, have released the 2016 Fintech 100 list – a report that gives an in-depth look into global companies that are taking full advantage of technology and driving disruption within the financial services industry.
Zoona and Wealth Migrate are the only two African startups to have made the 2016 list. The company was nominated in the Emerging Stars category, a category that showcases 50 of the emerging Fintech stars of tomorrow.
“This is an awesome achievement and shows that our model of building financial inclusion and helping communities thrive is being recognised both locally and internationally”, says Quinn.
The Fintech 100 list is released annually, and includes the leading 50 Fintech companies across the globe, and the most intriguing 50 ‘Emerging Stars’ – exciting new Fintech companies with bold, disruptive and potentially game-changing ideas.
The Fintech100 in 2016 includes:
• 35 companies from The Americas,
• 29 companies from EMEA,
• 14 companies from Asia,
• 12 companies from the UK, and
• 10 companies from Australia and New Zealand.
The companies that made the Fintech100 were selected by Fintech Innovators through extensive global research and analysis based on data relating to five key factors:
• Total capital raised
• Rate of capital raising
• Geographic diversity
• Sectorial diversity
• X-factor: degree of product, service and business model innovation (a subjective measure that is applied only with respect to companies appearing on the 50 Emerging Stars list).
“Cheers to this great achievement and more to come, and we are very humbled to start 2017 on such a high note,” Quinn says.