15 Most Valuable Fintech Companies in the World

In this article, we will discuss the 15 most valuable fintech companies in the world. You can skip our detailed analysis of these companies and go directly to 5 Most Valuable Fintech Companies in the World.

Fintech Industry: An Analysis

According to a report by Vantage Market Research, the global fintech market size, which was around $112 million last year, is expected to rise to a whopping $332 billion by 2028. A Wall Street Journal report published earlier this year sheds light on how the growth of fintech companies is forcing mainstream banks to make everything easier for their customer base, especially younger customers, to stay relevant. For example, in an effort to compete with fintech companies, Capital One said it plans to eliminate all overdraft and non-funding fees for its consumer banking customers. Bank of America also announced the elimination of missing funds fees in February.

Fintech is a burgeoning industry that has seen rapid growth in recent years. According to an annual report by Crunchbase, 16% of unicorns are from the financial sector with a combined value of $500 billion. Crunchbase Intellias, a financial technology software company, has concluded that global adaptation of fintech reached 64% for the year 2020. The majority of these deals were online transactions and digital payment methods according to the Global Fintech Adaptation Index.

According to Jeff Cantwell, an analyst at research firm Wells Fargo, there is a $1.5 trillion market opportunity for fintech companies, with annual growth of 6% over the coming decade. This growth will be driven by increased use of digital payment methods, both for consumers and merchants. Another trend is the transition of some firms towards a cloud-based ‘as-a-service’ model, where subscription fees are charged for e-wallets, account management and related services. It is because of the huge growth potential in the fintech sector that well-known investors like Cathie Wood are pouring millions into fintech stocks for long-term gains. Some of the notable fintech stocks held by hedge funds include Paypal Holdings, Inc. (NASDAQ:PYPL), Fiserv, Inc. (NASDAQ:FISV), and Global Payments Inc. (NYSE:GPN). Note: All market values ​​mentioned in the article are from July 2022.

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15. Wise plc (LSE:WISE.L)

Market value: GBP 4.7 billion

TransferWise, renamed Wise in early 2021, is a London-based Fintech company founded in 2011. The company offers low-interest, multi-currency global money transfer and exchange services. Packages can be tailored for both personal and business use. The company was listed on the stock exchange in 2021 via direct listing at the price of 8 pounds per share.

14. Nexi SpA (MIL:NEXI.MI)

Valuation: $8.2 billion

Founded in 1985, Nexi Payments SpA is an Italian IT service management company that wants to change the way individuals and businesses carry out their daily payments and collections. The company delivers high-quality solutions for making and accepting digital payments. In October 2020, Nexi and European financial technology companies SIA merged an agreement to strengthen their position in the digital payment space.

13. Nubank (private)

Valuation: $10 billion

Another emerging Fintech unicorn is Nubank which is based in San Paulo, Brazil. As one of the largest companies in Latin America, Nubank offers banking services, money transfers and insurance for both personal and business use. The company was established in 2012 and grew at a steady pace over the years.

12. Ripple (private)

Valuation: $10 billion

Another name in blockchain technology in finance is Ripple. The US-based company started in 2012 is a payment transfer and exchange system that operates globally using blockchain technology.

11. Klarna (private)

Valuation: $10.6 billion

Klarna Bank, or Klarna, is a Swedish company based in Stockholm. It is part of the Klarna Group which was founded in 2005. It primarily offers global payment and shopping services along with banking and investment facilities. “Buy now, pay later” is one of the most famous services offered by the platform.

10. Robinhood Markets, Inc. (NASDAQ:HOOD)

Market value: $7.4 billion

Robinhood Markets, Inc. (NASDAQ:HOOD) is an equity investment company that provides equal access for everyone to the investment in the trading market. This ends the need to pay heavy commissions through traditional investment methods.

Robinhood Markets (NASDAQ:HOOD) is in the spotlight these days on the back of news that FTX was interested in buying the company. However, FTX has clarified that no active talks are ongoing. JMP analyst Devin Ryan has also highlighted some complications that FTX would have in buying Robinhood Markets (NASDAQ:HOOD).

9. Paytm (Private)

Valuation: $16 billion

India’s Paytm is another leading name in the fintech industry that is putting South Asia on the global financial map. Based in Noida, the company first started as a mobile recharge app and later took to funding. Paytm stands for Pay through Mobile, which is a very widely used holistic app for making a variety of payments including bills, recharges, movie tickets, hotel bookings and flights. The app works at both the consumer and business levels, providing several startups with a reliable method for online transactions.

8. JD digit (private)

Valuation: $18 billion

Founded in July 2013, China’s JD Digits started from a small consumer finance startup affiliated with JD’s e-commerce ecosystem. The idea is to connect financial and physical industry with digital technology. It aims to improve the level of the internet, digitization and intelligence, and to promote the development of the real economy.

7. Adyen NV (XAMS:ADYEN.AS)

Valuation: $22 billion

With Adyen as a billion dollar company, Europe is not far behind when it comes to adapting to the latest advances in the financial industry. Based in Amsterdam, the Netherlands, Adyen is the top fintech company in Europe. The latest technology allows the large customer base to make payments worldwide. Ayden takes local payment methods into account and opens doors to fast and reliable transactions without geographical barriers.

6. Stripe (private)

Valuation: $36 billion

Stripe ranks third as an Irish-American company headquartered in San Francisco and Dublin. It is a decade-old company that has seen continuous growth in valuation ever since it was established. Stripe is primarily a payment software company that runs efficient digital transactions for established businesses and startups. Some of the notable investors include Elon Musk and Peter Thiel. Along with Paypal Holdings, Inc. (NASDAQ:PYPL), Fiserv, Inc. (NASDAQ:FISV) and Global Payments Inc. (NYSE:GPN), Stripe is one of the best-known fintech companies in the world.

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Mediation. No. 15 Most Valuable Fintech Companies in the World is originally published on Insider Monkey.