The table below aggregates data to the largest Fintech companies in the world. It is analysed to help those who want an updated overview of the Financial Technology industry through the prism of market valuations.
<<<For listed companies, real-time market capitalizations 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.
|
Name |
Type of company |
Status |
Market cap in USD |
Reference Date |
|
Visa |
Payments |
Listed |
$444,489,084,358 |
Daily |
|
Mastercard |
Payments |
Listed |
$355,981,335,112 |
Daily |
|
Ant Financial |
Payments |
Private |
$312,000,000,000 |
October 2021 |
|
Paypal |
Payments |
Listed |
$274,336,038,433 |
Daily |
|
Square |
Fintech |
Listed |
$94,773,506,216 |
Daily |
|
Stripe |
Fintech |
Private |
$95,000,000,000 |
March 2021 |
|
Coinbase |
Fintech |
Private |
$90,000,000,000 |
January 2021 |
|
Adyen |
Fintech |
Listed |
$64,627,571,697 |
Daily |
|
Robinhood |
Fintech |
Private |
$40,000,000,000 |
February 2021 |
|
Gojek |
Fintech |
Private |
$35,000,000,000 |
October 2021 |
|
Lufax |
Fintech |
Listed |
$34,127,477,154 |
Daily |
|
Klarna |
Fintech |
Private |
$31,000,000,000 |
March 2021 |
|
Nubank |
Fintech |
Private |
$25,000,000,000 |
January 2021 |
|
StoneCo |
Fintech |
Listed |
$19,758,329,600 |
Daily |
|
Affirm |
Fintech |
Listed |
$17,905,258,115 |
Daily |
|
Ally Financial |
Fintech |
Private |
$16,972,651,013 |
Daily |
|
Paytm |
Fintech |
Private |
$16,000,000,000 |
February 2020 |
|
Checkout |
Fintech |
Private |
$15,000,000,000 |
February 2021 |
|
Chime |
Fintech |
Private |
$14,500,000,000 |
June 2020 |
|
Grab |
Fintech |
Private |
$14,000,000,000 |
September 2020 |
|
Xero |
Fintech |
Listed |
$14,231,418,678 |
Daily |
|
Ripple |
Fintech |
Private |
$10,000,000,000 |
June 2020 |
|
Upstart |
Fintech |
Listed |
$9,109,174,831 |
Daily |
|
Sofi |
Fintech |
Private |
$8,650,000,000 |
March 2021 |
|
Zhong An |
Fintech |
Listed |
$8,920,339,664 |
Daily |
|
Toast |
Fintech |
Private |
$8,000,000,000 |
November 2020 |
|
Avant |
Fintech |
Private |
$6,500,000,000 |
January 2021 |
|
True Accord |
Fintech |
Private |
$6,000,000,000 |
July 2020 |
|
Lemonade |
Fintech |
Listed |
$5,453,470,810 |
Daily |
|
Oscar |
Fintech |
Listed |
$5,519,373,589 |
Daily |
|
Revolut |
Fintech |
Private |
$5,500,000,000 |
August 2020 |
|
Blockchain |
Fintech |
Private |
$5,400,000,000 |
March 2021 |
|
Transferwise |
Fintech |
Private |
$5,000,000,000 |
January 2021 |
|
Marqeta |
Fintech |
Private |
$4,300,000,000 |
May 2020 |
|
Dataminr |
Fintech |
Private |
$4,100,000,000 |
March 2021 |
|
Du Xiaoman Financial |
Fintech |
Private |
$4,000,000,000 |
June 2018 |
|
N26 |
Fintech |
Private |
$3,500,000,000 |
October 2020 |
|
Circle |
Fintech |
Private |
$3,000,000,000 |
February 2019 |
|
Oaknorth |
Fintech |
Private |
$2,800,000,000 |
June 2020 |
|
Izettle |
Fintech |
Private |
$2,200,000,000 |
May 2018 |
|
Starling Bank |
Fintech |
Private |
$1,900,000,000 |
March 2021 |
|
Remitly |
Fintech |
Private |
$1,500,000,000 |
July 2020 |
|
Feedzai |
Fintech |
Private |
$1,300,000,000 |
March 2021 |
|
Monzo |
Fintech |
Private |
$1,250,000,000 |
May 2020 |
|
Worldremit |
Fintech |
Private |
$1,200,000,000 |
June 2019 |
At CFTE, the definition of fintech is understood as “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, huge tech companies such as Ant Financial, but also financial enterprises such as Citi or Prudential. In the table below, CFTE has determined to exclude the financial institutions but included the mobile payment companies, where the role of technology is more predominant.
So, what is fintech: https://finfan.vn/news/what-is-fintech-the-market-of-fintech-in-vietnam-in-2020-finfan-1211
For listed companies, CFTE uses Google Finance as the market capitalization. For private enterprises, we use press releases, articles, 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.
Not by a long way. There are firms missing and figures change on a daily basis. CFTE has decided to only list the companies with a valuation in excess of $1billion (the “unicorns startups” in startup speak).
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. The previous valuation from Yahoo was wrong. (March 2021)
Stripe valuation reported at $95bn after a new funding round of $600m. Was previously rumored at $115bn (March 2021)
Starling Bank valuation reported at $1.9bn (post) after raising Series D of £272m (March 2021)
1. Ant Group
Easily topping the list of the 13 biggest fintech companies in the world is Chinese company Ant Group. Known as Ant Financial before June 2020, Ant Group is considered to be by far the most valuable fintech company in the world, worth over $313 billion. Ant Group was about to raise the world’s largest IPO in October but the move was dramatically blocked by China on the day before the IPO.
2. Grab
Grab is a Singaporean ride-hailing firm, where in addition to transportation services, the company also engages in food delivery services in addition to digital payments as well. In addition to Singapore, it operates in several other countries in Southeast Asia as well, including Malaysia, Indonesia, Cambodia, Vietnam, Thailand, Myanmar, the Philippines and even Japan. The company became the first decacorn fintech company from South East Asia, which means a startup achieving a valuation of more than $10 billion. The company was only founded 8 years ago in 2012.
3. JD Digits
JD Digits is a Chinese fintech company that only employs 7 people, including its CEO Shengqiang Chen and yet, is one of the largest fintech companies in the world. JD Digits has an upcoming IPO on China’s Star Market, though this IPO has been sheathed by the purported IPO of the number one entry in our list, which you will see later on. JD Digits is foreshadowed to raise nearly $3 billion in the IPO, and expected post IPO expanded could even see it emulate for the number one position in a few years.
4. GoJek
GoJek is a ride-hailing and online payment service originating in Indonesia. The company like most companies in this list was only founded in the 21st century, and is now 11 years old, having been founded in 2009. In addition to Indonesia, the company also operates in Malaysia, India, the Philippines, Vietnam, Singapore and Thailand in addition to Indonesia. The company was first established to connect courier delivery and customers and provide two-wheeled ride-hailing services. It initially provided only four services which have now grown to over 20.
5. Paytm
Paytm is an Indian enterprise, and was established just 10 years in 2020. It is an e-commerce payment system and of course, a fintech company that is currently available in 11 Indian languages. In addition to mobile recharges, you can also pay your utility bills through this app while making bookings such as travel, events and movies while also allowing for in-store payment at stores, parking, restaurants and educational institutions too. The company currently has around 7 million merchants and revenues of over half a billion dollars.
6. Du Xiaoman Financial
Just 5 years ago, Du Xiaoman Financial is a Chinese fintech firm, and the third-largest such company in China, and provides AI-based financing as well as personal credit services.
7. Compass
Compass is a US-based company and according to our list, is the biggest fintech company in the US. Compass is a real estate broker which has used the internet as a medium rather than a traditional small office and has around 10,000 agents who earn commissions on their sales of property, while Compass itself earns around 15 to 30% of each sale. The company is worth over $4.4 billion.
8. Ola
Ola Money is an Indian firm that supplies digital options for post payments and credit cards among other services. It will soon be introducing payments of bills through the internet as well.
9. Opendoor
Opendoor is aiming to revolutionize the way you sell your own home, where you can simply put up your house for sale from the comfort of your house and assess the offers you receive, and has seen over 600,000 offers being requested, with an offer being requested every 60 seconds.
10. OakNorth
OakNorth is a UK-based bank and is engaged in providing loans and other solutions to mid-sized banks. It was found 7 years ago in 2013 and has profits of nearly 66 million pounds in 2019.
11. Lufax
Lufax is a Shanghai-based company listed on the New York Stock Exchange as well and is the second-largest peer-to-peer lender in the US. The company was established 9 years ago in 2011. It is owned by the Ping An Insurance Group.
12. Klarna
Klarna Bank is a Swedish bank and provides online solutions to payments to its consumers, such as post-purchase payments, payments for storefronts and direct payments as well. It has revenues of over a quarter of a billion dollars and is one of the oldest companies on our list, being 15 years old.
13. N26
N26 is a German neobank, which is headquartered in Berlin. The services of the neobank are supplied to Single Euro Payments Area as well as the United States. It has stopped its services in the UK from 2020 due to Brexit.