The fintech industry is booming that’s on everyone’s mind, especially investors. The explosion of fintech companies is not surprising.
But, this a common question in fintech circles in which fintech companies are the biggest in the world. It is no wonder, as the fintech (Finance Technology) space is one of the most cut-throat spaces in the business world.
Although this may be a pissing contest between the rich and sort of famous, it is an excellent way to show the world how much value fintech (Finance Technology) can bring to the world in these trying times when everyone necessity to adapt at an unbelievable pace.
In this blog post, we top the 19 biggest private and public fintech companies in the world based on market capitalization and private funding valuations.
Top Fintech Companies (Worldwide)
Without further delay, here are the top 19 biggest private and public fintech companies in the world based on market capitalization and private funding valuations.
1. Square ($110-130 billion)
Square, a prominent San Francisco-based mobile payment and commerce services aggregator company founded by Buzz Andersen, Jack Dorsey, and Jim McKelvey in 2009, has raised $150 million. He raised $243 million at a valuation of about $2.9 billion when he went public in 2015. The stock was only $9 at the time.
Fast forward to 20/21 and the price fell from a high of $289 in August 2021 to $38 in March 2020. That means the company has a market capitalization of around $120 billion and could grow significantly more by this time next year.
2. Stripe ($95 billion)
Stripe is an online payment processor serving some of the world’s largest businesses. But when you launch your e-commerce store today, you can take advantage of that service as well.
Not shying away from small business, the name has become a household name since the fintech company was founded in 2011 by Irish brothers Patrick (CEO) and John Collison (President).
Valuation puts him just short of number one as the largest private fintech company on the list of the world’s largest fintech companies, with a valuation of $95 billion. The $95 billion valuation means the company has nearly tripled its last reported valuation since April 2020 of $36 billion.
The problem is that Stripe’s growth is boundless and has so much to do with the exponential growth of online shopping that it’s growing so rapidly every year that it’s unstoppable now. We are also eyeing an IPO in 2022.
3. Ant Group ($78 billion)
Ant Group, also known as Ant Financial or Alipay, is a Chinese fintech giant and a subsidiary of Alibaba Group. The company was set to go public in 2020 in the world’s largest IPO, a tumultuous year that valued fintech at a whopping $313 billion valuation.
Since then, it was valued at $144 billion on February 21 by Fidelity Investments, and even lower in September when Fidelity cut it to $78 billion, and its valuation began to climb.
What is the actual value at this point? Until their position in China’s ruling class takes shape, no one will know for sure.
4. Coinbase ($60-90 billion)
Coinbase is the most famous crypto exchange platform that went public via a direct listing in April 2021. At the time of the IPO, the company priced him at $250 per share, with a valuation of $65.3 billion.
COIN’s stock price peaked when it hit $342 on April 16, 2021, bringing its fintech valuation to nearly $90 billion. At the time of writing, the stock was valued at $232 and had a valuation of $60 billion.
To put those numbers in perspective, the company’s final unlisted price in 2018 was $8 billion. What a difference!
Will the company reach $100 billion? Only time will tell.
5. Klarna ($46 billion)
Klarna Bank AB is a Swedish fintech company founded in 2005 that offers financial services such as direct payments, deferred payment options and installment payments. What is less known is that Klarna is one of Europe’s largest banks with over 250,000 merchants and over 90 million end customers.
Klarna raised over $600 million in June of this year, so his current valuation is $45.6 billion. This brings the total funding to a staggering $3.7 billion. Its current valuation is up 47% from its previous valuation of $31 billion just a few months ago.
The Swedish fintech giant is now Europe’s highest-rated private fintech, and its CEO and founder, Sebastian Siemiatkowski, says the company is experiencing explosive growth in the US, where it is also He said it will continue to grow globally.
6. Revolut ($33 billion)
Revolut is a London-based challenger bank that earns most of its revenue in the UK but has expanded its operations globally in recent years, including in the US.
The Revolut was founded by Nikolay Storonsky and Vlad Yatsenko in 2015 and today he has over 16 million private customers and he has over 500,000 businesses. It is one of the world’s largest private startups and the UK’s most valuable fintech.
The company raised $800 million in July 2021, bringing its valuation to $33 billion. That’s six times his valuation since the last funding round of 2020.
Digital banking is large now, and valuations have skyrocketed in recent years thanks to IPOs and venture capital funding, so you’ll likely see more challenger banks on this list.
7. Robinhood ($32+ billion)
Robinhood, known as the pioneer of commission-free stock trading, has had an insane ride during the pandemic as most of the world is stuck on the couch in lockdown after lockdown.
So even bad press can be good for the company, and RH got bad press in 2021. But amidst the biggest turmoil, that hasn’t stopped it from adding hundreds of thousands, if not millions, of new customers.
Private Markets ahead of his IPO in July 2021. had his RH valued at $11.7 billion. At the time of the IPO, HOOD shares were trading at $38 per share, putting the fintech valuation at $32 billion. At the time of writing this brief, HOOD stock was trading at around $45.
8. Nubank ($30 billion)
Brazil-based Challenger Bank is the biggest private fintech (finance technology) in Latin America. The company was founded in 2013 by David Velez (CEO), Cristina Junqueira, and Edward Wible.
David Velez and Nubank single-handedly transformed Brazil’s banking system, adding over 40 million customers and becoming the world’s largest digital bank by customer count.
Nubank’s valuation hits $30 billion in 2021 after adding his $750 million to Series G in June 2021. The largest investor in South American neobanks was Berkshire Hathaway with $500 million.
Not bad for a company that started out as a fintech company offering a toll-free credit card with a $10 credit line.
9. Toast ($20-33 billion)
The Toast is a restaurant management platform founded in 2012 & its headquartered in Boston, Massachusetts. Its founders are Steve Fredette, Jonathan Grimm, and Aman Narang.
Your platform is used by thousands of coffee shops and restaurants across the United States. The fintech company was valued at $4.9 billion in February 2021 after raising $400 million. And this is despite the fact that the company laid off half of its workforce in April 2020 due to the pandemic.
As of now, the company went public since September 2021. At the time, the company offered shares for $40, which he valued at $20 billion. This is one of the biggest IPOs this year. The stock opened at $65, giving Toast a $33 billion valuation. As of the end of September, TOST’s stock price is hovering around $55.
10. Chime ($25 billion)
Chime is a San Francisco-based challenger bank founded in 2013 by Chris Britt and Ryan King. It has a fee-free online banking service and has grown significantly during the pandemic.
Today, he has over 13 million customers, an increase of about 30% from last year, challenging the number-one bank in the United States.
Neobanks have also made great strides in terms of market valuation. After raising $750 million on August 21, the valuation puts him at $25 billion. This latest funding round makes the company $10 billion more in value than it was in October 2020, less than a year later.
11. Kraken ($10-20 billion)
Kraken is another US-based cryptocurrency exchange founded over a decade ago and headquartered in San Francisco.
Fintech is currently worth $10 billion to $20 billion depending on who you ask and is gearing up for his IPO in 2022.
Coinbase is now the benchmark for all other cryptocurrency exchanges looking to go public in the near future.
12. Marqeta ($14-17 billion)
Marqeta is a card issuer processor platform that helps large companies like Square and DoorDash issue cards and process payments. The fintech company (Finance technology company) was founded in 2010 and is based in Oakland, California.
Due to the pandemic, Marketa’s total throughput increased by 177% to $60 billion in 2020.
The company went public in his June 2021, raising its valuation to $17 billion. Since then, the stock has had its ups and downs, trading around $30 at the time of writing.
13. SoFi ($8.7-22 billion)
Some people think SoFi is more like a traditional bank than a fintech company, but SoFi is still an American online personal finance company. Founded over 10 years ago by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady. And Headquarters are located in San Francisco, California.
The company went public in its 2021 valuation of $8.7 billion, but the stock has since climbed to nearly $28, giving it a market capitalization of $22 billion. As of this writing, the stock is hovering around $17 and is worth $13.5 billion.
14. Wise ($16+ billion)
Wise is a well-known London-based fintech founded in 2011 by Taavet Hinrikus and Kristo Käärmann. We specialize in international money transfers and banking services.
Revolutionized the remittance market with low fees and seamless service. In July 2021, the company went public via a direct listing on the London Stock Exchange. At the time, the company was valued at $11 billion and had a stock price of about 800 pence (about $10).
At the time of this writing, the stock is trading at GBX 1,140 (about $15), the company’s all-time high, reaching a valuation of almost $17 billion.
15. Plaid ($13.4 billion)
Plaid is a financial services company based in San Francisco, California, founded in 2013 by Zach Perret and William Hockey. Its technology links bank accounts to Coinbase, Robinhood, and many other fintech apps.
The company, like many other fintech companies that rely on online services, has experienced phenomenal growth during the pandemic. Plaid said he raised $425 million in April 2021, so his current valuation is $13.4 billion.
16. Credit Karma ($8.1 billion)
Credit Karma is a personal finance company founded in 2007 by Ryan Graciano, Kenneth Lin, and Nichole Mustard. Now he’s part of Intuit since the company bought him for $8.1 billion in 2020.
Credit Karma is a 14-year-old fintech start-up with over 110 million members offering financial products such as credit cards, loan comparison tools, and checking and savings accounts.
This company provides access to your credit score, analyzes your credit profile, and recommends products that can save you money.
17. Brex ($7.4 billion)
Brex is another fintech that originated in San Francisco and was just launched in 2017. Still, his commercial bank account and credit card business challenged him to drive the bank to incredible growth.
In fact, the fintech company is valued at $7.4 billion as of April 2021 and has completed its $425 million funding round led by Tiger Global.
Digital banks only have around 10,000 customers, but investors seem to see the incredible potential. Brex never sleeps on laurels. This included FDIC insurance, immediate payments, and a software platform for companies to manage their finances and credit lines.
18. Carta ($7.4 billion)
Carta is a Palo Alto-based fintech (Finance Technology) that was founded in 2012 by Henry Ward and Manu Kumar. The company was formerly known as eShares & specializes in capitalization table management and valuation software or tool. It helps companies, employees, and investors manage their equity while creating a real-time picture of company ownership.
In January this year, Carta launched a stock exchange, CartaX, where share-holders can sell their shares before IPO or acquisition. And, also it used its own exchange to sell $100 million of its own stock.
The San Francisco-based fintech raised $500 million in its eighth round of funding on Aug. 21, at a valuation of $7.4 billion.
19. Figure Technologies 3.2B
Figure is a multifaceted fintech founded in 2018 by former SoFi CEO and co-founder Mike Cagney and his wife June Ou, the company’s COO.
This San Francisco-based company uses blockchain technology to give individuals and businesses a faster and easier way to find the right loan. They recently launched Figure Pay, a platform that enables payments, transfers, rewards, and after-purchase loans. Also, Merchants can accept payments from customers.
Figure will raise $200 million in May 2021 and in just three years he has achieved a valuation of $3.2 billion. This will help the company achieve “our mission: blockchain” to reinvent the financial services industry. ”
There is currently the largest fintech company in the world. How long will this list last? Perhaps with fintech booming and companies raising money left and right, offering higher valuations and more funding to grow their businesses and acquire more companies It won’t be long before you do.
The stock market also seems unstoppable, meaning the market capitalization of fintech companies will continue to rise.
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