Johannesburg is the Leading Fintech City in Africa

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The 2020 Global Fintech Ranking by Findexable is the first fully global fintech index covering more than 7000 fintechs in more than 230 cities across 65 countries. In partnership with 18 fintech networks and associations in different countries and continents of the world, the Findexable Global Fintech Index City Rankings ranks 7000 fintechs across 230 cities of the world.

Based on the ranking, only Johannesburg, Nairobi, Lagos and Cape Town are included in the top 100. While Johannesburg ranks 62nd, Nairobi ranks 63rd and Lagos Ranks 71^st with Cape Town ranking 87th. This by implication, shows that the three leading fintech cities in Africa are Jahannesburg, Nairobi and Lagos. As such, it is safe to say South-Africa, Kenya and Nigeria are the top 3 countries leading the fintech ecosystem in Africa.

Based on the IMF classification of emerging economies in the world, there are 29 emerging cities among the leading fintech cities in the world of which Sao Paulo (Brazil) ranks highest (5th in the world) followed by Bangalore (India) which ranks 7th in the world with a total score of 16.093.

Overall, San Francisco Bay (United States) is the leading fintech city in the world with a total score of 80.136 followed by London (United Kingdom) with a total score of 54.888. Others in the top 5 leading fintech cities in the world are New York (United States), Singapore (Singapore) and Sao Paulo (Brazil) each with total score of 36.889, 23.621 and 18.805 respectively.

Of the top 100 fintech cities in the world, the United States has 22 cities in the rank, followed by Canada which has 5 cities in the rank and Switzerland has 4 cities listed in the top 100 fintech cities in the world.

Country	Fintech Cities in top 10
United States	22
Canada	5
Switzerland	4
United Kingdom	3
Netherlands	2

Ranked 20th in the world in terms of WiFi speed, total investment into the United States fintech industry in the first half of 2019 stood at 9.4 billion dollars, making it the largest recipient of fintech investment in the world. Stripe, Coinbase and Robinhood represent the local fintech leaders in the United States.

Below is a list of the top 100 leading fintech cities in the world.

Top 100 Leading Fintech Cities in the World
Rank	City	Country	Total Score
1	San Francisco Bay	United States	80.136
2	London	United Kingdom	54.888
3	New York	United States	36.889
4	Singapore	Singapore	23.621
5	Sao Paulo	Brazil	18.805
6	Los Angeles	United States	17.867
7	Bangalore	India	16.093
8	Boston	United States	15.795
9	Berlin	Germany	15.616
10	Mumbai	India	15.063
11	Hong Kong	China	14.778
12	Toronto	Canada	14.616
13	Sydney	Australia	14.47
14	Chicago	United States	14.419
15	Paris	France	14.293
16	New Delhi	India	13.958
17	Tokyo	Japan	13.783
18	Tel Aviv	Israel	13.628
19	Atlanta	United States	13.15
20	Miami	United States	13.097
21	Mexico City	Mexico	12.86
22	Seattle	United States	12.821
23	Beijing	China	12.762
24	Amsterdam	The Netherlands	12.527
25	Austin	United States	12.408
26	Dublin	Ireland	12.245
27	Dallas-Fort Worth	United States	11.984
28	Seoul	South Korea	11.914
29	Vilnius	Lithuania	11.892
30	Moscow	Russia	11.879
31	Shanghai	China	11.855
32	Melbourne	Australia	11.73
33	Madrid	Spain	11.617
34	Barcelona	Spain	11.367
35	Stockholm	Sweden	11.332
36	Vancouver	Canada	11.289
37	Denver	United States	10.916
38	Zurich	Switzerland	10.853
39	Frankfurt	Germany	10.666
40	Bogota	Colombia	10.606
41	Charlotte	United States	10.463
42	Buenos Aires	Argentina	10.261
43	Hamburg	Germany	10.251
44	San Diego	United States	10.231
45	Tallinn	Estonia	10.102
46	Warsaw	Poland	10.1
47	Milan	Italy	10.049
48	Montreal	Canada	9.842
49	Munich	Germany	9.814
50	Brussels	Belgium	9.788
51	Washington DC	United States	9.593
52	Philadelphia	United States	9.565
53	Manchester	UK	9.525
54	Santiago	Chile	9.418
55	Copenhagen	Denmark	9.359
56	Istanbul	Turkey	9.303
57	Rio de Janeiro	Brazil	9.291
58	Dubai	UAE	9.24
59	Jakarta	Indonesia	9.234
60	Helsinki	Finland	9.21
61	Portland	United States	9.193
62	Johannesburg	South Africa	9.097
63	Nairobi	Kenya	9.066
64	Pune	India	9.046
65	Raleigh Durham	United States	8.978
66	Manila Area	Philippines	8.951
67	Phoenix	United States	8.948
68	Hyderabad	India	8.94
69	Belo Horizonte	Brazil	8.898
70	Minneapolis	United States	8.848
71	Lagos	Nigeria	8.831
72	Bangkok	Thailand	8.811
73	Zug	Switzerland	8.802
74	Chennai	India	8.772
75	Prague	Czechia	8.769
76	Lisbon	Portugal	8.758
77	Kiev	Ukraine	8.725
78	Kuala Lumpur	Malaysia	8.711
79	Luxembourg City	Luxembourg	8.688
80	Shenzhen	China	8.685
81	Vienna	Austria	8.662
82	Oslo	Norway	8.655
83	Nashville	United States	8.608
84	Calgary	Canada	8.517
85	Tampa Bay	United States	8.452
86	Hangzhou	China	8.378
87	Cape Town	South Africa	8.358
88	Budapest	Hungary	8.357
89	Geneva	Switzerland	8.308
90	Ottawa	Canada	8.291
91	Porto Alegre	Brazil	8.252
92	Cincinnati	United States	8.242
93	Cambridge	UK	8.194
94	Auckland	New Zealand	8.183
95	Porto	Portugal	8.172
96	Riga	Latvia	8.165
97	Curitiba	Brazil	8.122
98	Lausanne	Switzerland	8.085
99	Athens	Greece	8.084
100	Rotterdam	The Netherlands	8.062
Source: Global Fintech Index

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