Top 10 Fintech Companies in Hong Kong (2026)

On a weekday morning in Hong Kong, a commuter taps an Octopus card at an MTR gate, checks her Moomoo portfolio on the train, pays for coffee with AlipayHK and approves a transfer from a bank that has no branches. None of it feels unusual any more, yet most of it is under a decade old.

The government’s May 2026 FinTech fact sheet counts around 1,200 fintech companies in the city. The Hong Kong Monetary Authority (HKMA) has issued eight digital banking licences since 2019. The Securities and Futures Commission (SFC) had licensed 13 virtual asset trading platforms by May 2026. In April 2026 the HKMA granted the city’s first stablecoin issuer licences.

That rulebook helps explain why several formerly loss-making challengers now report profits.

This guide looks at the fintech companies in Hong Kong that stand out in 2026, across brokerage, virtual banking, payments, digital assets and insurtech, and explains what each one does best.

Why Businesses Are Investing in Fintech in Hong Kong

Hong Kong combines deep capital markets, early rule-making and access to mainland China and Southeast Asia.

Clear Licensing Regimes

Hong Kong has separate, published frameworks for virtual banks, virtual insurers, virtual asset trading platforms and, since 2026, stablecoin issuers.

A Proven Path to Profitability

Critics long doubted that digital-only banks could make money. ZA Bank, WeLab Bank and Mox have all now reported profits.

Access to Public Capital

HashKey’s December 2025 listing and OSL’s long-standing presence on the Hong Kong Stock Exchange show that local digital asset firms can raise money in public markets.

A Gateway to the Region

Many Hong Kong fintech startups use the city as a base for Asian growth. WeLab runs a bank in Indonesia and Futu serves clients from Malaysia to Japan. Regional rivals are raising money for the same ambitions, as the US$140 million financing raised by Philippine lender Salmon shows.

Top 10 Fintech Companies in Hong Kong at a Glance

Rank	Company	Primary Strength	Best For	HQ / Founded
1	Futu Holdings	Online brokerage and wealth (Futubull, Moomoo)	Active retail investors	Hong Kong / 2012
2	ZA Bank	Virtual banking with investing and Web3 banking	Retail users, SMEs, Web3 firms	Hong Kong / licensed 2019
3	WeLab	Digital lending, virtual banking, credit technology	Borrowers and partner banks	Hong Kong / 2013
4	Mox Bank	App-based banking, cards and investing	Everyday retail banking	Hong Kong / 2020
5	Octopus Cards	Stored-value payments and transit	Merchants and transport operators	Hong Kong / 1997
6	AlipayHK	Mobile wallet and cross-border payments	Retailers serving local and mainland shoppers	Hong Kong / 2017
7	HashKey Group	Licensed crypto exchange, staking, tokenisation	Investors seeking a regulated on-ramp	Hong Kong / 2018
8	OSL Group	Digital asset exchange and stablecoin payments	Enterprises and institutions	Hong Kong / renamed 2024
9	Bowtie Life Insurance	Direct-to-consumer virtual insurance	Health and life cover buyers	Hong Kong / 2017
10	Hex Trust	Institutional digital asset custody	Banks, funds and token issuers	Hong Kong / 2018

Top 10 Fintech Companies in Hong Kong (2026)

The ranking weighs scale, licensing, recent results and breadth of offer.

1. Futu Holdings

Futu was founded in 2012 by Leaf Hua Li and is headquartered in Admiralty. It runs two trading platforms: Futubull, used mainly in Hong Kong, and Moomoo, its international brand. The company has been listed on Nasdaq since March 2019.

Scale is Futu’s main advantage. In its second-quarter 2026 results, the company reported 3,842,667 funded accounts, up 33.6% year on year, and client assets of HK$1.40 trillion. Quarterly revenue rose 35.6% to HK$7.2 billion. One caution: from June 2026, clients in mainland China can no longer add positions or bring in new funds, so growth now depends on Hong Kong and overseas markets.

Key Solutions:

• ✔ Futubull and Moomoo apps for Hong Kong, US and other stock markets
• ✔ Margin financing and wealth products
• ✔ Moomoo expansion into Thailand after a July 2026 licence
• ✔ Prediction markets for Moomoo users in the US, launched in June 2026

Best for: Active retail investors who want one app for several stock markets.

2. ZA Bank

ZA Bank received one of the HKMA’s first virtual bank licences on 27 March 2019 and opened to the public in March 2020. It is based at Cyberport. In 2022 it became the first virtual bank in Hong Kong to receive an SFC Type 1 licence.

ZA Bank has one of the widest product ranges among virtual banks in Hong Kong. Its app combines deposits, payments, stocks, funds and crypto. In the first half of 2025 it posted its first interim profit, HK$49 million, passed one million users and held more than HK$21.1 billion in deposits. It also banks most of the city’s licensed virtual asset platforms and more than 300 Web3 companies. Euromoney named it Hong Kong’s best digital bank for 2026.

Key Solutions:

• ✔ Personal and business accounts with fast digital onboarding
• ✔ In-app stock, fund and crypto investing
• ✔ Banking services for licensed Web3 and virtual asset firms
• ✔ Stablecoin reserve custody under the HKMA sandbox

Best for: Retail users and SMEs, particularly digital asset businesses that need a licensed local bank.

3. WeLab

WeLab started in 2013 as an online lender in Hong Kong, founded by Simon Loong, who remains Group CEO. The group now runs WeLab Bank (licensed in 2019, launched in 2020), the WeLend lending platform, operations in mainland China and Bank Saqu in Indonesia. The Asian Banker reported in 2025 that it serves more than 70 million users.

WeLab Bank reported 2025 revenue of HK$942 million, up 35%, and has been profitable since the first half of 2025. Its unsecured retail loan book is about HK$6 billion, and wealth assets under management rose by about 270%. Euromoney and FinanceAsia named it Hong Kong’s best digital bank in 2025. The group raised US$220 million in a Series D round backed by investors including HSBC and Prudential.

Key Solutions:

• ✔ WeLab Bank deposits, loans and wealth products
• ✔ WeLend consumer lending
• ✔ AI-based credit scoring and fraud tools for partner institutions
• ✔ Multi-currency debit card covering 11 currencies

Best for: Consumers seeking fast digital loans, and lenders that want proven credit technology.

4. Mox Bank

Mox launched on 22 September 2020. Standard Chartered created it with PCCW, HKT and Trip.com, and it introduced what it called Asia’s first all-in-one numberless bank card. Barbaros Uygun is CEO.

The bank broke even in the first quarter of 2026 and reported its first interim profit before tax, HK$8.63 million, for the first half. It has nearly 800,000 customers and HK$20.9 billion in deposits, and operating income rose 69% to HK$513 million. Assets under management on Mox Invest doubled year on year, and the bank says its credit card portfolio is now the seventh largest among Hong Kong retail banks.

Key Solutions:

• ✔ Savings accounts and the numberless Mox card
• ✔ Mox Credit card and in-app borrowing
• ✔ Mox Invest for US stock trading and wealth products
• ✔ Mox+ premium tier and Mox Insure cover

Best for: Customers who want a polished, app-only bank for daily spending, cards and simple investing. More on Mox’s website.

5. Octopus Cards

Octopus launched in 1997 as a contactless transport card. Octopus Cards Limited is wholly owned by Octopus Holdings, in which MTR Corporation held a 57.4% stake according to the company’s profile. The business is led by CEO Tim Ying.

Octopus’s reach is hard to match. The company reports more than 35 million cards and products in circulation and over 190,000 acceptance points across Hong Kong. For merchants, that means accepting a payment method that most residents already carry every day. In August 2026 the HKMA selected it for the GenA.I. Sandbox++ programme, where it will test agentic commerce, with payments completed only under customer-approved instructions, along with AI customer service.

Key Solutions:

• ✔ Stored-value Octopus cards and products
• ✔ Payment acceptance across transport and retail
• ✔ Agentic commerce and AI customer service pilots

Best for: Merchants and operators that need payments almost every Hong Kong resident already uses.

6. AlipayHK

AlipayHK launched in 2017 and is operated by Alipay Financial Services (HK) Limited under HKMA stored value facility licence SVF0004. It is a joint venture between Ant Group and CK Hutchison.

The wallet’s strength is everyday and cross-border convenience. Ant’s merchant platform Antom reported in late 2025 that AlipayHK had more than 4.5 million users, over 170,000 merchants and over one million transactions a day. It was the first local provider to bring QR-code payments to the MTR, buses and minibuses. Users can also pay on Taobao and Tmall and send money abroad through its blockchain-based remittance service. Merchants can connect to it through Antom’s single API, alongside other local payment methods.

Key Solutions:

• ✔ QR-code payments at shops, restaurants and on transport
• ✔ Cross-border payments for travel and mainland shopping
• ✔ Blockchain-based remittances
• ✔ Taobao and Tmall payments

Best for: Retailers serving both local customers and mainland visitors.

7. HashKey Group

HashKey was founded in 2018 by Xiao Feng and is one of Hong Kong’s fintech unicorns. It listed on the Hong Kong Stock Exchange (3887.HK) in December 2025, raising about HK$1.6 billion, or roughly US$206 million.

Regulation is HashKey’s selling point. HashKey Exchange holds SFC Type 1 and Type 7 licences along with a virtual asset trading platform licence, and it has been allowed to serve retail clients since August 2023. It also holds approvals in Singapore, Japan, the EU and Bermuda. In disclosures around its listing the company said it held about 75% of Hong Kong’s licensed crypto market. It reported net losses from 2022 to mid-2025, partly because it kept fees low to win share.

Key Solutions:

• ✔ SFC-licensed exchange for retail and professional investors
• ✔ Staking services
• ✔ HashKey Chain and tokenisation of real-world assets
• ✔ Asset management and venture investment

Best for: Investors and institutions seeking a licensed route into digital assets.

8. OSL Group

OSL Group is listed in Hong Kong under stock code 863. It took the OSL name in early 2024, after a US$90 million investment from BGX Group, replacing the BC Technology Group name. The company says OSL was Hong Kong’s first SFC-licensed digital asset exchange, and it now holds more than 50 licences and registrations across over 11 jurisdictions.

OSL has turned its focus towards stablecoin payments. For 2025 it reported core operating income of HK$534 million, up 150.1%, and platform trading volume of HK$201.22 billion, with stablecoins making up 60% of that volume. It still posted a net loss for the year. In 2026 it launched the USDGO enterprise stablecoin, completed its purchase of payments firm Banxa and became one of the first authorised distributors of HKDAP, the Hong Kong dollar stablecoin issued by Anchorpoint.

Key Solutions:

• ✔ OSL Exchange, brokerage and custody
• ✔ OSL BizPay stablecoin payments for businesses
• ✔ USDGO enterprise stablecoin
• ✔ Distribution and liquidity for regulated stablecoins

Best for: Companies moving money with stablecoins and institutions that want a listed, licensed counterparty.

9. Bowtie Life Insurance

Bowtie was founded in 2017 by two actuaries, Michael Chan, now CEO, and Fred Ngan. On 20 December 2018 it received Hong Kong’s first virtual insurance licence. It sells directly online, without agents, from its Wan Chai headquarters.

Bowtie shows that a direct, no-commission model can work in a market long dominated by agents. In July 2026 it said it had passed US$100 million in annual recurring revenue, with more than 150,000 customers, nearly 50,000 Voluntary Health Insurance Scheme (VHIS) policies in force and retention above 93%. It has raised over HK$1 billion from Sun Life and Mitsui & Co. It also ranked first in Hong Kong on the Financial Times and Statista list of high-growth companies in Asia-Pacific for 2025.

Key Solutions:

• ✔ VHIS medical plans
• ✔ Term life and critical illness cover
• ✔ Cancer and accident insurance
• ✔ Fully online quotes, purchase and claims

Best for: Individuals and families who want clear, low-cost health and life cover bought directly. See Bowtie’s website.

10. Hex Trust

Hex Trust was founded in 2018 by CEO Alessio Quaglini and is headquartered in Hong Kong, with offices in Singapore, Dubai and Europe. It says it became Hong Kong’s first licensed digital asset custodian in 2020. It also holds licences from Dubai’s Virtual Assets Regulatory Authority and a Major Payment Institution licence in Singapore, granted in March 2025.

Its services cover custody with client assets kept separate from its own balance sheet, staking, collateral management and OTC settlement. In 2026 it launched Aura, a digital asset wealth platform, and it also offers fiat on- and off-ramp services for institutional clients. It has also completed SOC 1 and SOC 2 audits.

Key Solutions:

• ✔ Institutional custody for digital assets
• ✔ Staking and network validator services
• ✔ Collateral management and OTC settlement
• ✔ Aura digital asset wealth platform

Best for: Banks, funds and token issuers that need a regulated custodian.

How to Choose the Right Fintech Partner in Hong Kong

The best fintech companies in Hong Kong differ widely in model and risk. Four checks help.

Check the Licence on a Public Register

Every company on this list needs a licence from the HKMA, the SFC or the Insurance Authority. Search the regulator’s public register yourself, and note which entity holds the licence and what it covers.

Look at Financial Strength

Several challengers only recently reached profit, and some digital asset firms still report losses. Read the latest results; listed firms such as Futu, HashKey and OSL publish detailed figures.

Match the Product to the Use Case

A wallet built for retail spending is not a treasury platform, and a crypto exchange is not a custodian. Decide whether you need payments, lending, investing, custody or insurance, then shortlist accordingly.

Assess Technology and Integration

Ask about APIs, uptime records, security audits and how the provider uses AI. Incumbents are investing too, as North American banks’ growing appetite for tech shows, so a fintech partner should offer something a traditional bank cannot.

FAQs

How many virtual banks are there in Hong Kong?

The HKMA has issued eight digital banking licences since 2019. Alongside ZA Bank, WeLab Bank and Mox, the virtual banks in Hong Kong include Livi Bank, Airstar Bank, Ant Bank, PAO Bank and Fusion Bank.

Are crypto exchanges regulated in Hong Kong?

Yes. Platforms serving Hong Kong investors need an SFC licence. The government’s fact sheet says 13 were licensed by May 2026, including OSL Exchange and HashKey Exchange.

Is Airwallex still a Hong Kong fintech company?

Airwallex now lists Singapore and San Francisco as its headquarters, so it is not included in this list of top fintech firms in Hong Kong.

What does Hong Kong’s stablecoin licence mean for businesses?

Under the Stablecoins Ordinance, issuers of fiat-referenced stablecoins in Hong Kong need an HKMA licence. The first went to Anchorpoint Financial and HSBC in April 2026, and distributors such as OSL now offer access to them.

Conclusion

Hong Kong’s fintech sector has moved past the start-up stage. The leading fintech companies in Hong Kong now include profitable virtual banks, a brokerage with more than HK$1 trillion in client assets, listed digital asset firms and an insurer with more than 150,000 customers.

The right pick depends on the job: Futu or Mox for investing, ZA Bank or WeLab for banking and credit, Octopus or AlipayHK for payments, HashKey, OSL or Hex Trust for digital assets, and Bowtie for insurance. As payment networks such as Visa push further into AI, expect these firms to compete harder on technology as well as price.