Chinese fintech companies took four of the top 10 spots in the 2018 Fintech100 report

Chinese fintech companies took four of the top 10 spots in the 2018 Fintech100 report, and three of the top five positions.

KPMG and fintech investment firm H2 Ventures compiled and announced the ranking.

Ant Financial topped the list, followed by JD Finance, while Du Xiaoman Financial ranked No 4 and Lufax came in at No 10.

The companies' user numbers are growing at a staggering rate, as are their product offerings.

"The 2018 Fintech100 showcases the increasing diversity and scale of the global fintech market. Payments and lending continue to be the dominant sectors, however, wealth management is taking off, with 14 companies on the list," said Ian Pollari, global co-lead of KPMG fintech.

Payments companies dominated the Fintech100, with 34 in total, followed by 22 in lending, 14 in wealth management and 12 in insurance.

The US topped the ranking with 18 fintech companies placing in the top 100, including three in the top 10, followed by the UK with 12, and China with 11. Australia and Singapore also placed strongly with seven and six companies, respectively.