Skip to toolbar
Articles

Johannesburg is the Leading Fintech City in Africa

***Our Data Analysis Master Class 3.0 Holds on 11th & 12th January, 2019. Register Here ***

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 71st 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.

CountryFintech Cities in top 10
United States22
Canada5
Switzerland4
United Kingdom3
Netherlands2

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
RankCityCountryTotal Score
1San Francisco BayUnited States80.136
2LondonUnited Kingdom54.888
3New YorkUnited States36.889
4SingaporeSingapore23.621
5Sao PauloBrazil18.805
6Los AngelesUnited States17.867
7BangaloreIndia16.093
8BostonUnited States15.795
9BerlinGermany15.616
10MumbaiIndia15.063
11Hong KongChina14.778
12TorontoCanada14.616
13SydneyAustralia14.47
14ChicagoUnited States14.419
15ParisFrance14.293
16New DelhiIndia13.958
17TokyoJapan13.783
18Tel AvivIsrael13.628
19AtlantaUnited States13.15
20MiamiUnited States13.097
21Mexico CityMexico12.86
22SeattleUnited States12.821
23BeijingChina12.762
24AmsterdamThe Netherlands12.527
25AustinUnited States12.408
26DublinIreland12.245
27Dallas-Fort WorthUnited States11.984
28SeoulSouth Korea11.914
29VilniusLithuania11.892
30MoscowRussia11.879
31ShanghaiChina11.855
32MelbourneAustralia11.73
33MadridSpain11.617
34BarcelonaSpain11.367
35StockholmSweden11.332
36VancouverCanada11.289
37DenverUnited States10.916
38ZurichSwitzerland10.853
39FrankfurtGermany10.666
40BogotaColombia10.606
41CharlotteUnited States10.463
42Buenos AiresArgentina10.261
43HamburgGermany10.251
44San DiegoUnited States10.231
45TallinnEstonia10.102
46WarsawPoland10.1
47MilanItaly10.049
48MontrealCanada9.842
49MunichGermany9.814
50BrusselsBelgium9.788
51Washington DCUnited States9.593
52PhiladelphiaUnited States9.565
53ManchesterUK9.525
54SantiagoChile9.418
55CopenhagenDenmark9.359
56IstanbulTurkey9.303
57Rio de JaneiroBrazil9.291
58DubaiUAE9.24
59JakartaIndonesia9.234
60HelsinkiFinland9.21
61PortlandUnited States9.193
62JohannesburgSouth Africa9.097
63NairobiKenya9.066
64PuneIndia9.046
65Raleigh DurhamUnited States8.978
66Manila AreaPhilippines8.951
67PhoenixUnited States8.948
68HyderabadIndia8.94
69Belo HorizonteBrazil8.898
70MinneapolisUnited States8.848
71LagosNigeria8.831
72BangkokThailand8.811
73ZugSwitzerland8.802
74ChennaiIndia8.772
75PragueCzechia8.769
76LisbonPortugal8.758
77KievUkraine8.725
78Kuala LumpurMalaysia8.711
79Luxembourg CityLuxembourg8.688
80ShenzhenChina8.685
81ViennaAustria8.662
82OsloNorway8.655
83NashvilleUnited States8.608
84CalgaryCanada8.517
85Tampa BayUnited States8.452
86HangzhouChina8.378
87Cape TownSouth Africa8.358
88BudapestHungary8.357
89GenevaSwitzerland8.308
90OttawaCanada8.291
91Porto AlegreBrazil8.252
92CincinnatiUnited States8.242
93CambridgeUK8.194
94AucklandNew Zealand8.183
95PortoPortugal8.172
96RigaLatvia8.165
97CuritibaBrazil8.122
98LausanneSwitzerland8.085
99AthensGreece8.084
100RotterdamThe Netherlands8.062
Source: Global Fintech Index

You can provide your comments in the space provided below. Additionally and should you need data backed research and analysis for your business or research needs, please send a mail to info@giftedanalysts.com

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: