How many Fintech ventures are there globally?
About 6 months ago, I started to ask that question, thinking that maybe 100 was about the right number – at the time I worried that there would not be enough happening in Fintech to give me the material to write a daily blog -:)
When a couple of people started to say that I should be thinking more like 10x that number, I was surprised, but I started compiling the database.
Today, I am pleased to announce that I have got to over 1,000 in a database where I can search by the market segment, by location, by stage of venture and other criteria. I use this database to do consulting projects. It is bit like the head hunter’s database. So I won’t make it generally available, but in the coming weeks I do plan to post Market Reports where I list ventures in interesting market segments.
From what I am hearing, 2,000 or even 3,000 might be closer to the real universe. Fintech 3,000 has a good ring to it. So, I am really announcing “Fintech 1,000 and growing” as I will be adding new ventures as I find them.
Even if 90% of startups fail, a total universe of 3,000 would mean 300 successful Fintech ventures changing the world. That is a big deal.