Cambodia was this month recognised for the first time in the 2019 Fintech100 – a collaborative effort between H2 Ventures and KPMG that analyses the fintech space globally.
The Fintech100 features both a “Top 50” and an “Emerging 50” with a view to highlighting companies from around the world that are driving disruption within the financial services industry.
Representing Cambodia was Clik – a digital payments service aggregator based in Phnom Penh. Clik was featured in the “Emerging 50” section of this year’s Fintech100.
This isn’t the first time Clik has been recognised for their innovative approach to digital payment services. Just last month the startup was named “Best AI and Machine Learning Startup” at the Asean Rice Bowl Startup Awards.
Clik is still awaiting its licence from the National Bank of Cambodia. Despite not yet being a fully-functional company, their reputation precedes them.
“Making the 2019 FinTech100 and the Emerging 50 was unexpected,” notes Clik CEO and co-founder Matthew Tippets.
“This international recognition for what we are building, which is state of the art, in partnership with global leaders in payment technology like OpenWay, is entirely to the credit of our amazing team and partners.
“We are hugely proud to have been able to put Cambodia on this ranking for the first time, and we hope that other Cambodian fintech startups make the list in the future,” he said.
Mr Tippets has consistently championed Cambodia’s potential for technological innovation given the country’s relatively young population, many of whom are digital natives.
“We are lucky to have in Cambodia a very dynamic fintech scene, supported by Chea Serey at the National Bank of Cambodia.
“When we launch next year, we hope to transform payment, contribute positively to the digitalisation of the Cambodian economy, delivering secure, seamless and smart payments at every touch point and transaction,” said Mr Tippetts, who hopes to be at the forefront of Cambodia’s digital revolution.
The regional fintech market is thought to be one of the most rapidly expanding in the world. It is estimated that it will be worth $72 billion by 2020, according to Frost & Sullivan’s annual Fintech Outlook.
Ride-hailing, money remittance and digital payments look set to propel Southeast Asia to become a global hub for fintech, but critics fear that in Cambodia the development of the skills demanded by the market is happening too slowly.
Source: Khmer Times
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<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
