You don’t know who the world’s largest fintech startup is
By Ian Kar for Qz.com
The world’s largest fintech startup is AliPay, the digital bank company that split from e-commerce giant Alibaba in 2011.
A new research note on the fintech industry from Citi pointed out two things: 1) AliPay has a valuation on par with some of the larger private tech companies, like Uber and Airbnb; 2) AliPay is still technically a private company.
Alipay is currently raising money that values the company at $60 billion, according to Reuters.
The article first appeared in Qz.com