About FinTech sector in Taipei, Taiwan
The FinTech sector in Taipei, Taiwan comprises 179 companies, including 62 funded companies having collectively raised $353M in venture capital money and private equity. Out of these, 29 are Series A+ funded.
FinTech sector in Taipei, Taiwan has seen 4 acquisitions and 15 IPOs. This represents almost 10.6% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies providing tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Taipei, Taiwan
There are 179 FinTech startups in Taipei, Taiwan which include Coolwallet, WOO, WOO X, iKala, COBINHOOD. Out of these, 62 startups are funded, with 29 having secured Series A+ funding.
Over the past 10 years, an average of 9 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, Stanford University and Carnegie Mellon University.
Here is the list of top FinTech startups in Taipei, Taiwan
1. Coolwallet
Coolwallet is a hardware wallet for cryptocurrencies. Users can send, receive, and transfer digital assets. It provides tracking & authentication solutions to support users. The app can be accessed on iOS and Android devices using Bluetooth. Supports a wide range of digital assets including bitcoin, ripple, ethereum, among others.
Key facts about Coolwallet
- Founded Year: 2014
- Location: Taipei (Taiwan)
- Stage: Series A
- Total Funding till date: $13.5M
- Investors: SBI Group, Kyber Capital and 4 Others
- Latest Funding Round: Series A, Sep 13, 2018, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 2 of 212 Competitors
2. WOO
App-based liquidity and trading platform for cryptocurrency. It offers a platform where users can buy, trade in crypto options, launchpad solutions, and more. Its other features are real-time portfolio value, cryptocurrency prices, and charts. Its app is available for Android and iOS users.
Key facts about WOO
- Founded Year: 2019
- Location: Taipei (Taiwan)
- Stage: Series A
- Total Funding till date: $61M
- Investors: Three Arrows Capital, Wintermute and 43 Others
- Latest Funding Round: Series A, Jan 18, 2024, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 5 of 45 Competitors
3. WOO X
Operator of a platform for trading spot, futures, and crypto. The platform provides social trading, allowing users to replicate experienced traders' strategies. It also offers a program that rewards users holding tokens with enhanced services. The platform publishes proof of reserves and liabilities using a live dashboard.
Key facts about WOO X
- Founded Year: 2019
- Location: Taipei (Taiwan)
- Stage: Unfunded
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 83 of 5,101 Competitors
4. iKala
AI powered influencer marketing platform and cloud management solutions. It provides influencer search and analytics engine that includes solutions for influencer discovery, and campaign management. The platform provides an influencer campaign dashboard to track, analyze, and optimize the influencer campaigns. It also provides cloud management and migration solutions to manage the cloud resources. It also offers customizable cloud usage monitoring reports, allowing enterprises to access billing and usage trends for multiple cross cloud accounts.
Key facts about iKala
- Founded Year: 2011
- Location: Taipei (Taiwan)
- Stage: Series B
- Total Funding till date: $51.4M
- Investors: Cherubic Ventures, Wistron and 5 Others
- Latest Funding Round: Series B, Mar 26, 2024, $*****
- Tracxn Score: 51/100 What is this?
- Competitors Rank: 75 of 3,038 Competitors
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5. COBINHOOD
Cryptocurrency trading platform. Offers margin trading with real-time market data of multiple cryptocurrencies. Stores the crypto assets deposit in an offline multi-signature vault. Also offers ICO services like investor pool, ICO preparation, ICO documentation, token sale, and ICO listing.
Key facts about COBINHOOD
- Founded Year: 2017
- Location: Taipei (Taiwan)
- Stage: Series A
- Total Funding till date: $25M
- Investors: IDG Capital, Gaorong Capital and 2 Others
- Latest Funding Round: Series A, Aug 14, 2018, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 86 of 4,265 Competitors
Companies founded year-on-year in the FinTech sector in Taipei
20 FinTech startups in Taipei were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | 5 |
2022 | 8 |
2021 | 17 |
2020 | 12 |
2019 | 20 |
2018 | 12 |
2017 | 17 |
Stage-wise distribution of FinTech sector companies in Taipei
Out of the total 179 FinTech companies in Taipei, 62 have secured funding. Among them, 29 have reached Series A or higher, and 23 to Series B or beyond.
Founded - 179
Funded - 62
Series A+ - 29
Series B+ - 23
Series C+ - 20
Company Stage | No. of companies |
|---|---|
Founded | 179 |
Funded | 62 |
Series A+ | 29 |
Series B+ | 23 |
Series C+ | 20 |
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Funding Trends in the FinTech sector in Taipei
Total funding year-on-year in the FinTech sector in Taipei
The FinTech sector in Taipei saw a total funding of more than $349M in the last 10 years. The most amount of funding was in 2023 at more than $86M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $68.6M |
2023 | $86M |
2022 | $30.8M |
2021 | $32.6M |
2020 | $38M |
2019 | $13M |
2018 | $55.9M |
2017 | $18.6M |
Recent Funding Rounds in FinTech in Taipei
In the year 2024, till December 2024, FinTech companies in Taipei have raised $39.8M in equity funding across 5 rounds.
In the same period last year (i.e. till June 2023), FinTech companies in Taipei had raised $86M across 5 rounds.
So, 2024 has seen a 53.73% drop in funding in FinTech companies in Taipei as compared to 2023.
Here are some recent, important funding rounds in FinTech companies in Taipei:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1468 | Dec 14, 2024 | and 5 more | |
Series B | 7697 | Aug 05, 2024 | ||
Seed | 5040 | Apr 03, 2024 | ||
Series B | 4058 | Mar 26, 2024 | ||
Series A | 5290 | Jan 18, 2024 | and 7 more |
Top Investors in FinTech in Taipei
Headline is the top investor in FinTech companies in Taipei based on number of companies invested.
Here are some top investors in FinTech companies in Taipei:
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Francisco (United States) | ||
Taipei (Taiwan) | W3GG and Zeus Network | |
Taipei (Taiwan) | ||
Hong Kong (China) | - | |
Taipei (Taiwan) | portto and Zeus Network |
M&A activity in FinTech sector in Taipei
In the year 2022, till November 2022, 1 acquisition happened in FinTech sector in Taipei. Last year, in 2021, a total of 1 acquisition happened in FinTech sector in Taipei.
Here are some recent, important acquisitions in FinTech sector in Taipei:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 24, 2022 | ||
Business Acquisition | May 05, 2021 | ||
Business Acquisition | Aug 15, 2013 | ||
Business Acquisition | Jun 01, 2005 |
Acquisition trends in FinTech sector in Taipei
Here are the acquisition trends in FinTech sector in Taipei:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in FinTech in Taipei
In the year 2024, till June 2024, 1 IPO happened in FinTech sector in Taipei.
Here are some recent, important IPOs in FinTech sector in Taipei:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 13, 2024 | Taipei Stock Exchange (TT) | |
Dec 25, 2023 | Taipei Stock Exchange (TT) | |
Sep 14, 2023 | Taipei Stock Exchange (TT) | |
Jan 03, 2023 | Taipei Stock Exchange (TT) | |
Mar 17, 2022 | Taipei Stock Exchange (TT) |
Colleges which produce the most FinTech companies in Taipei
Companies founded by alumni from top colleges in the FinTech in Taipei
Most number of FinTech startups in Taipei have been founded by alumni from Harvard University, Stanford University and Carnegie Mellon University.
College | No. of companies |
|---|---|
Harvard University | 2 |
Stanford University | 2 |
Carnegie Mellon University | 1 |
INSEAD | 1 |
RMIT University | 1 |
Stanford Business School | 1 |
University of Toronto | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Taipei
In the last 10 years, Carnegie Mellon University graduates' FinTech companies in Taipei have raised the most funding among top colleges. Stanford University alumni are second, and Stanford Business School alumni are third.
College | Total Funding |
|---|---|
Carnegie Mellon University | $61M |
Stanford University | $53.4M |
Stanford Business School | $51.4M |
Harvard University | $2M |
INSEAD | - |
RMIT University | - |
University of Toronto | - |
Top News in FinTech in Taipei
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CoolBitX launches CoolWallet Go: The world's first cold wallet with a lifetime guaranteePR Newswire•May 06, 2025•CoolBitX, Coolwallet
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iKala Unveils Kolr's New Brand Identity, Pioneering the Next Evolution in AI MarketingPR Newswire•Jan 16, 2025•iKala
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WOO Innovation Hub and Almanak Partner to Drive AI-Powered Optimization in DeFiGlobal Fintech Series•Oct 17, 2024•ALMANAK, WOO
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Taiwan"s iKala and TPIsoftware enter AI partnershipVietnam Investment Review•Oct 15, 2024•iKala, TPIsoftware
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Woo X Introduces Social Trading With Ability to Hedge Against Leading TradersShareandstocks•Sep 09, 2024•WOO
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