In 2014, KPMG released the “50 Best Fintech Innovators” report, one of the first papers examining the most promising Fintech players globally. 5 years later, CFTE decided to take a look at the evolution of these 50 companies. CFTE’s Fintech 50: 5 Years in Fintech report analyses how the 50 most innovative fintech startups have developed since 2014. We found that they have been enormously successful on average, as 12 achieved unicorn status (i.e. billion dollar valuations) and only 2 went bankrupt. These 12 companies now have a valuation in excess of $90bn.