Based on fintech shares of the world, UnaFinancial’s analysts have calculated the UnaFinancial Global Fintech Index. Since 2000, it has grown by 300% while its APAC index has shown a 1216%-increase, outperforming other regions and global benchmarks.
The analysts collected data on stock prices of 303 fintech companies from 35 countries around the world. To assess the overall performance of shares, they created a stock index called UnaFinancial Global Fintech Index (UFGFI).
The largest share in the index (21.45%) belongs to the Digital Payments sector with 65 companies and Digital business solutions sector — with 64 companies (21.12%). They are followed by Digital commerce (16.50%), Cryptocurrencies & blockchain (10.56%), Digital investments (8.91%), Digital banking (8.58%), Digital lending (6.27%) and Others (6.6%). As for the regions, North & South Americas have the greatest share with 122 companies (40.26%), followed by APAC — 101 (33.33%), Europe — 63 (20.79%) and Middle East & Africa — 17 (5.61%).
According to UnaFinancial’s calculations, since January 1, 2000, the Global Index UFGFI has grown by more than 300% reaching 413.62 points by the end of 2023, which is equivalent to a capitalization of 5.43 trillion USD.
APAC can be considered the most profitable region for fintech. By the end of 2023, the UnaFinancial APAC Fintech Index (UFAFI) reached 1,315.54 points, which is equal to a 1,216%-increase. This growth is higher than in North and South Americas (UFNSAFI), which showed a 814% performance. It also outperformed the European index (UFEFI), which grew by 104%. At the same time, the capitalization of Asian fintechs equals approximately 1 trillion USD, which means that they still have room for growth.
To compare UnaFinancial’s regional estimates with international benchmarks, all results were recalculated from August 2004, as the statistics for most benchmarks begins from this date. The Asian index UFAFI showed a 1255%-growth. This indicator is higher than the largest index S&P 500, which showed 333% over the same period. The European benchmark Euro Stoxx 50 gained 70% and the Chinese Hang Seng - 32%. The MSCI All-Country World Equity Index, which includes almost all known stock quotes on all stock exchanges in the world, showed 192%-growth, and its index for IT companies demonstrated 830%.