Top 10 fintech trade associations globally
ABFinTechs is the association of Brazilian FinTechs. It was founded in 2016 by four entrepreneurs who sought to guarantee Brazil’s long-term success as a fintech hotspot. Today, the organization seeks to generate new business for its members, promote a positive collaboration with regulatory bodies and promote the social good that can be derived from fintech solutions. There is no shortage: Brazil has emerged as Latin America’s leading destination for fintech pioneers and boasts no fewer than 1,200 fintechs, including unicorns such as Nubank, C6 Bank and StoneCo. Brazil’s fintech success is partly the result of legacy banking systems that caused inconvenience to customers, combined with the entrepreneurial spirit of fintech founders that made change possible.
4. MENA FinTech
MENA FinTech is the fintech association for the Middle East and North Africa – one of the most dominant fintech markets, not least due to the success of UAE-based companies. According to Crunchbase, the investor intelligence tool, there are more than 200 fintechs operating today in the UAE – more than the number in Egypt, Saudi Arabia, Jordan and Qatar combined. MENA FinTech describes itself as an “inclusive, not-for-profit association promoting an open dialogue for the MENA fintech community, shaping the future of financial services in the region”. Its growing community of startups and SMEs network and share insights, advocate for positive fintech regulation, and come together several times a year for a catalog of key industry events.
3. Singapore FinTech Association
Singapore has long been an anchor for Asian fintech, elevated by its historic links to the banking sector. JPMorgan, Standard Chartered and Citibank are among the high-profile names that have a presence in this city-state, located at the tip of the Malaysian peninsula. The Singapore FinTech Association is a non-profit, cross-industry initiative designed to encourage collaboration between all participants in the country’s fintech ecosystem. SFA organizes several industry events where entrepreneurs can network and share ideas; it connects business owners with available government grants; and it acts as a unified voice, promoting the interests of the Singapore fintech industry.
2. FinTech Australia
As the name suggests, FinTech Australia is the association that represents the Australian fintech ecosystem. It advocates and represents an industry estimated to be worth AU$4 billion annually to Australia’s economy, with a marketplace of around 25 million people. FinTech Australia aims to engage and connect with local fintech partners, advocate and promote fintech on behalf of its members in the public and to government, and to help strengthen Australia’s fintech economy by raising awareness both domestically and internationally. The organization itself is based in Melbourne – the country’s second largest city and home to more than 100 fintechs itself, including Airwallex and Openpay.
