Growth by geography
Where formation is accelerating fastest within each region
Growth by geography
Where formation is accelerating fastest within each region
Top 3 categories per region by founding-rate growth, comparing two-year windows: 2020–21 baseline against 2024–25 recent. Two-year windows smooth annual noise. Buckets with fewer than 5 companies founded in 2024–25 are excluded as small samples. "new" means no companies founded in the baseline window (a brand-new category in that geography). The top sub-category within each row is shown when at least 2 companies have founding dates in the recent window.
North America
↑ Agentic Payments
13 → 92 +608%
Top sub: Agent-Native Payment Rails 7→58 +729%
↑ Treasury / FX / Orchestration
5 → 27 +440%
Top sub: Lending / Credit 2→12 +500%
↑ Stablecoin Infrastructure
30 → 81 +170%
Top sub: Settlement Infrastructure 6→27 +350%
Europe
↑ Agentic Payments
4 → 28 +600%
Top sub: Agent-Native Payment Rails 3→20 +567%
↑ Consumer Remittances
2 → 7 +250%
Top sub: Stablecoin Remittance Apps 1→5 +400%
↑ Crypto Banking
9 → 23 +156%
Top sub: Crypto-Native Neobanks 7→19 +171%
LatAm
↑ Treasury / FX / Orchestration
0 → 6 new
Top sub: Lending / Credit 0→3 new
↑ On/Off Ramps
6 → 26 +333%
Top sub: Fiat-Crypto Ramps 4→21 +425%
↑ Merchant & Payment Processing
5 → 20 +300%
Top sub: Stablecoin Payment Rails 2→8 +300%
Africa
↑ Crypto Banking
2 → 12 +500%
Top sub: Crypto-Native Neobanks 2→11 +450%
↑ Consumer Remittances
2 → 10 +400%
Top sub: Stablecoin Remittance Apps 0→8 new
↑ On/Off Ramps
12 → 49 +308%
Top sub: Fiat-Crypto Ramps 5→25 +400%
MENA
↑ Agentic Payments
0 → 9 new
Top sub: Agent-Native Payment Rails 0→6 new
↑ Stablecoin Infrastructure
3 → 13 +333%
Top sub: Settlement Infrastructure 0→4 new
↑ RWA Tokenization
7 → 20 +186%
Top sub: Tokenization Platforms 5→12 +140%
APAC
↑ Agentic Payments
2 → 16 +700%
Top sub: Agent-Native Payment Rails 1→7 +600%
↑ Consumer Remittances
1 → 5 +400%
Top sub: Stablecoin Remittance Apps 0→5 new
↑ Stablecoin Issuance
4 → 15 +275%
Top sub: Non-USD Currency Stablecoins 1→7 +600%