What are the largest Fintech companies?
A live and updated ranking of the largest Fintech companies
The table below references the largest Fintech companies in the world. It is designed to help those who want an updated overview of the Fintech industry through the lens of market valuations.
For listed companies, real-time market capitalisations are fed from Google Finance. For private companies, a reference to the source is attached.
An explanation of the methodology can be found at the bottom of the page.
Largest Fintech companies by market capitalisation
|Name||Country||Status||Market cap in USD||Reference Date||Source|
|2||Ant Financial||China||Private||$312,000,000,000||October 2020||Link|
|20||Xero||New Zealand||Listed||$15,285,226,123||Daily||Google Finance|
|31||Zhong An||China||Listed||$7,952,182,074||Daily||Google Finance|
|36||True Accord||USA||Private||$6,000,000,000||July 2020||Link|
|46||Du Xiaoman Financial||China||Private||$4,000,000,000||June 2018||Link|
|94||Starling Bank||UK||Private||$1,900,000,000||March 2021||Link|
|14||Ally Financial||USA||Private||$19,038,150,706||Daily||Google Finance|
|127||Shift Technology||France||Private||$1,000,000,000||May 2021||Link|
|12||Robinhood||USA||Listed||$29,373,981,040||February 2021||Google Finance|
|69||Toss||South Korea||Private||$2,600,000,000||August 2020||Link|
|94||Digit Insurance||India||Private||$1,900,000,000||January 2021||Link|
|3||Tencent (Fintech business)||China||Listed||$120,000,000,000||March 2021||Link|
|39||Trade Republic||Germany||Private||$5,300,000,000||May 2021||Link|
|57||Figure Technologies||USA||Private||$3,200,000,000||May 2021||Link|
|127||Varo Money||USA||Private||$1,000,000,000||June 2020||Link|
|127||WeLab||Hong Kong||Private||$1,000,000,000||June 2017||Link|
|127||Sidecar Health||USA||Private||$1,000,000,000||January 2021||Link|
|110||Scalable Capital||Germany||Private||$1,400,000,000||June 2021||Link|
|60||Pine Labs||India||Private||$3,000,000,000||May 2021||Link|
|94||MX Technologies||USA||Private||$1,900,000,000||January 2021||Link|
|127||Liquid Global||Japan||Private||$1,000,000,000||April 2019||Link|
|40||Hippo Insurance||USA||Private||$5,000,000,000||March 2021||Link|
|127||Forte Labs||USA||Private||$1,000,000,000||May 2021||Link|
|84||Ethos Technologies||USA||Private||$2,000,000,000||May 2021||Link|
|32||Dapper Labs||Canada||Private||$7,500,000,000||April 2021||Link|
|103||Collective Health||USA||Private||$1,500,000,000||May 2021||Link|
|127||Chipper Cash||USA||Private||$1,000,000,000||May 2021||Link|
|110||ChargeBee Technologies||India||Private||$1,400,000,000||April 2021||Link|
|77||C6 Bank||Brazil||Private||$2,280,000,000||June 2020||Link|
|60||BGL Group||UK||Private||$3,000,000,000||June 2017||Link|
|127||Amber Group||Hong Kong||Private||$1,000,000,000||June 2021||Link|
Addepar (USA) added with a valuation of $2.17 bn after a $150m raise (June 2021)
Carta (USA) added with a valuation of $6 bn (February 2021)
Enfusion (USA) added with a valuation at $1.5 bn (January 2021)
Honeybook (Germany) added with a valuation of $1 bn after a Series D raise (May 2021)
Green Sky (USA) added with a valuation of $1.073 bn valuation (June 2021)
Figure Technologies (USA) added with a valution of $3.2 bn after a $200m raise (May 2021)
Dave (USA) added with a valuation of $1bn (October 2020)
Enova (USA) added with a valuation of $1.32 bn (June 2021)
Varo Money (USA) with a valuation of $1bn (June 2020)
Trade Republic (GER) added with a valuation of $5.3 bn after a $750m raise (May 2021)
Kabbage (USA) added with a valuation of $1.2 bn (Aug 2020)
Root Insurance (USA) added with a valuation of $2.726 bn (June 2021)
Bitso (Brazil) added with a valuation of $2.2bn after a $250m Series C raise (May 2021)
Wefox (Germany) added with a valuation of $3bn after $650m raise (June 2021)
Zeta (India) added with a valuation of $1.45bn with $250m raise (May 2021)
Razorpay (India) added with valuation of $3bn after $160m raise (April 2021)
Digit Insurance (India) added with valuation of $1.9bn after $19m raise (January 2021)
Cred (India) added with valuation of $2.2bn after $215m raise (April 2021)
QuintoAndar (Brazil) added with a valuation of $4bn after $300m fundraise (May 2021)
Opay (Nigeria) added with a valuation of $1.5bn after rumoured fundraise of $400m (May 2021)
Flutterwave (Nigeria) added with a valuation of $1bn after $170m raise (March 2021)
Divvy (US) added with a valuation of $2.5bn after being acquired by Bill.com (May 2021)
Shift Technology (France) added with a valuation of $1bn (press says “more than $1bn”) after $220m round (May 2021)
Wealthsimple added with a valuation of $4bn after $600m round. (May 2021)
Greenlight added with a valuation of $2.3bn after $260m Series D (April 2021)
Current added with a valuation of $2.2bn after $220m Series D (April 2021)
Ramp added with a valuation of $1.6bn after raising $115m (April 2021). Info from Marcel Van Oost.
Alan added with a valuation of $1.6bn after raising $220m (April 2021)
Pipe added with a valuation of $2bn after $150m raise (April 2021)
UIPath updated to Listed after their IPO. Previous private valuation was $35bn (April 2021)
Coinbase now moved from Private to Listed after its direct stock listing. (April 2021)
Plaid added with a valuation of $13.5bn from $425m Series D raise (April 2021)
UIPath added with a valuation of $35bn, apparently preparing for IPO at $60bn (March 2021)
Blockfi added with a valuation of $3bn from recent $350m raise (March 2021)
Kraken added with a valuation of $4bn from 2019 raise (March 2021)
Ovo added with a valuation of $2.9bn from 2020 merger discussion with Dana (March 2021)
Waterdrop added with valuation of $2bn of 2020 (March 2021)
Tradeshift added with $1.1bn valuation – old valuation from 2018 (March 2021)
Toss added with a valuation of $2.6bn from 2020 raise of $173m (March 2021)
Rapyd added with $2.5bn valuation from January 2021 $300m raise (March 2021)
Bill.com added as listed company (March 2021)
Policybazaar added at $2.4bn valuation from $45m funding round (March 2021)
AvidXchange added at $2bn (March 2021)
Mambu added at $2bn from $135m fundraise (March 2021)
Better.com added with a valuation of $4bn from its $200m Series D raise in November 2020 (March 2021)
Blend added with a valuation of $3.3bn from its $300m raise in January 2021 (March 2021)
Brex added with a valuation of $8bn (March 2021)
Checkout added after its raise of $450m at a valuation of $15bn in February (March 2021)
Toast added at a valuation of $8bn – secondary purchase in November 2020 (March 2021)
Marqeta added at valuation of $4.3bn – $150m raise in May 2020 (March 2021)
Feedzai added to the list after its raise of $200m and a valuation of $1.3bn (March 2021)
Blockchain added to the list after a fundraise of $300m at a valuation of $5.2nbn (March 2021)
Oscar added after its IPO (March 2021). At the moment, there is no “Insurtech” category (everything is in Fintech), might be changed in the future.
Upstart added after its IPO (March 2021)
Dataminr added with a valuation of $4.1bn (March 2021)
Affirm corrected status from private to listed (March 2021)
Sofi update with Spac for Q2 2021 (March 2021)
Klarna valuation updated to $31bn (March 2021)
StoneCo corrected status from private to listed (March 2021)
Robinhood valuation added at $40bn (March 2021)
Chime valuation updated to $14.5bn. Previous valuation from Yahoo was wrong. (March 2021)
Stripe valuation reported at $95bn after new funding round of $600m. Was previously rumoured at $115bn (March 2021)
Starling Bank valuation reported at $1.9bn (post) after raising Series D of £272m (March 2021)
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What is Fintech?
At CFTE, our definition of Fintech is “the impact that technology has in transforming the financial industry”. It’s a very broad definition that includes early stage Fintech startups, established startups such as Stripe, large tech companies such as Ant Financial, but also financial institutions such as Citi or Prudential. In the table below, we have decided to exclude the financial institutions, but included the payment companies, where the role of technology is more predominant.
What is market capitalisation?
For listed companies, we use Google Finance as the market capitalisation. For private companies, we use articles, press releases, etc., which we reference. This has to be taken with a grain of salt since private valuations are not easily comparable (preferential rights, etc.) and disclosed numbers can’t always be trusted. Some companies are not present because no valuations were public.
Is it a comprehensive list?
Not by a long way. There are companies missing and figures change on a daily basis. We have decided to only list the companies with a valuation in excess of $1bn (the “unicorns” in startup speak). We are constantly updating this table, so don’t hesitate to send us names of companies we have missed and flag inaccurate information. Thanks a lot for your help!
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