January 2022 | fintechmagazine.com
TOP COMPANIES
2022
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The FinTech Team EDITOR-IN-CHIEF
DERIN CAG
CHIEF CONTENT OFFICER
SCOTT BIRCH
CONTRIBUTING EDITOR
JOANNA ENGLAND PRODUCTION DIRECTORS
GEORGIA ALLEN DANIELA KIANICKOVÁ PRODUCTION MANAGERS
PHILLINE VICENTE JANE ARNETA
PRODUCTION EDITOR
MOTION DESIGNER
JANET BRICE
TYLER LIVINGSTONE
CREATIVE TEAM
DIGITAL VIDEO PRODUCERS
OSCAR HATHAWAY SOPHIE-ANN PINNELL HECTOR PENROSE SAM HUBBARD MIMI GUNN JUSTIN SMITH REBEKAH BIRLESON JORDAN WOOD DANILO CARDOSO
EVELYN HUANG JACK NICHOLLS MARTA EUGENIO ERNEST DE NEVE THOMAS EASTERFORD DREW HARDMAN
VIDEO PRODUCTION MANAGER
EVELYN HOWAT
KIERAN WAITE SAM KEMP
MARKETING DIRECTOR
ROSS GARRIGAN
MARKETING MANAGER
PROJECT DIRECTORS
JAKE MEGEARY MICHAEL BANYARD JOE PALLISER MEDIA SALES DIRECTOR
RICHARD TURNER
SALES AND MARKETING DIRECTOR
JOE MARRITT
MANAGING DIRECTOR
LEWIS VAUGHAN
CHIEF OPERATIONS OFFICER
STACY NORMAN CEO
GLEN WHITE
FOREWORD
INTRODUCING THE TOP 100 FINTECH COMPANIES FOR 2022 From Adyen to Zepz, these are the world's highest-valued fintech companies revolutionising the financial services industry with innovative technologies
F
intech is no longer a buzzword; it has become an integral component of the world economy. It is a significant driver of innovation and represents some of the most promising business opportunities in modern history. As a result, we've compiled a list of the Top 100 Fintech Companies in the world, based on their value and totalling US$1.83tn in market capitalisation, to help you get a better picture of the overall market. Read on to discover the leading players in this transformative industry.
DERIN CAG
derin.cag@bizclikmedia.com
FINTECH MAGAZINE IS PUBLISHED BY
© 2022 | ALL RIGHTS RESERVED
fintechmagazine.com
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TOP TEN
4
Jan 2022
TOP 100 COMPANIES
Companies in
Fintech It's an interesting time for fintech companies, with so much happening in the industry and so many opportunities arising
W
hen our editorial team set out to create the inaugural edition of the Top 100 Fintech Companies, we knew it would be a Herculean task. After all, what's the difference between being number one and not making the cut? Is it the breadth and depth of the company's product offerings? Their traction with consumers or businesses? Or how well they're executing against competitors? In the end, we decided to take company valuation as our basis. So we researched: What is the total market capitalisation for each fintech company? In the process, we made some exciting discoveries.
For example, we found that the leading 100 companies in the fintech industry have a total market capitalisation of US$1.83tn. Also, no company with a market capitalisation below $2bn made it on the list, which shows the level of maturity and competitiveness in the fintech industry. It was also fascinating to witness how quickly the fintech sector evolves with company valuations constantly changing. For example, when we researched this list in December 2021, UK-based Checkout.com was valued at $15bn and is now worth around $40bn nearly tripling in market capitalisation within a month. Lastly, we learned that more than 33% of the world's largest fintech companies are based in the USA. So, without further ado, read on to discover the Top 100 Fintech Companies for 2022.
“In our research for the Top 100 Fintech Companies, we discovered that they have a combined valuation of US$1.83tn.”
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TOP 100 COMPANIES
100
97
Year Founded: 2012 Based: USA
Year Founded: 2015 Based: UK
Paxos
99
CGTZ
Year Founded: 2013 Based: China
Rapyd
96
Tradeshift
Year Founded: 2010 Based: USA
94
DriveWealth
Year Founded: 2012 Based: USA
98
95
93
Year Founded: 2015 Based: USA
Year Founded: 2008 Based: Japan
Year Founded: 2013 Based: India
Varo Bank
6
Jan 2022
Paidy
Razorpay
TOP 100 COMPANIES
92
89
86
Year Founded: 2012 Based: USA
Year Founded: 2018 Based: Singapore
Year Founded: 2006 Based: USA
Blend Labs
Grab Financial Group
HighRadius
91
88
85
Year Founded: 2016 Based: India
Year Founded: 2011 Based: USA
Year Founded: 2005 Based: China
Groww
TradingView
90
87
Year Founded: 2017 Based: UK
Year Founded: 2005 Based: USA
Celsius Network
Lakala
Payoneer
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TOP 100 COMPANIES
82
79
Year Founded: 2016 Based: USA
Year Founded: 2009 Based: USA
Cedar
Flywire
84
81
78
Year Founded: 2017 Based: USA
Year Founded: 2018 Based: USA
Year Founded: 1998 Based: India
SpotOn
Figure Technologies
Pine Labs
83
80
77
Year Founded: 2014 Based: Canada
Year Founded: 2016 Based: USA
Year Founded: 2018 Based: USA
Blockstream
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Jan 2022
Upgrade
Alchemy
TOP TOP100 100 COMPANIES
76
73
70
Year Founded: 2004 Based: USA
Year Founded: 2019 Based: USA
Year Founded: 2013 Based: USA
Paymentus
Ramp Financial
iCapital Network
75
72
69
Year Founded: 2016 Based: USA
Year Founded: 2015 Based: Australia
Year Founded: 2011 Based: UK
74
71
68
Year Founded: 2018 Based: USA
Year Founded: 2018 Based: USA
Year Founded: 2018 Based: India
Papaya Global
FalconX
AirWallex
Melio
Greensill
Cred
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TOP 100 COMPANIES
67
64
61
Year Founded: 2014 Based: Austria
Year Founded: 2013 Based: USA
Year Founded: 2000 Based: India
66
63
60
Year Founded: 2015 Based: UK
Year Founded: 2013 Based: USA
Year Founded: 2004 Based: USA
BitPanda
Monzo
Zenefits
Circle
BillDesk
Q2 Holdings
65
62
59
Year Founded: 2014 Based: USA
Year Founded: 2000 Based: USA
Year Founded: 2013 Based: UK
Chainalysis
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Jan 2022
AvidXchange
OakNorth
TOP 100 COMPANIES
58
55
Year Founded: 2009 Based: UK
Year Founded: 2008 Based: USA
Zepz
Virtu Financial
57
54
52
Year Founded: 2018 Based: Brazil
Year Founded: 2015 Based: Germany
Year Founded: 2018 Based: USA
C6 Bank
Trade Republic
Deel
56
53
51
Year Founded: 2011 Based: Luxembourg
Year Founded: 2016 Based: China
Year Founded: 1996 Based: UK
Blockchain.com
Linklogis
Paysafe
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TOP 50
TOP 100 COMPANIES
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Jan 2022
50
48
Year founded: 2015 Based: India
Year founded: 2012 Based: USA
PhonePe
nCino
PhonePe is a Bengaluru-based
Headquartered in Wilmington,
mobile payments platform that
North Carolina, nCino streamlines
allows users to make money
all customer and employee
transfers and payments using a
interactions within a single cloud-
smartphone app. The company
based Bank Operating System;
has more than 4,600 employees
its partners include Accenture,
and also offers additional
Deloitte Digital, PwC and West
services such as insurance.
Monroe Partners.
49
47
Year founded: 2004 Based: The Netherlands
Year founded: 2013 Based: South Korea
Mollie
Toss
Mollie launched in 2004 and
The Korean fintech company
is now one of Europe's biggest
Toss specialises in simplifying
fintechs. The Amsterdam-based
financial services products and
online payments processor
reaching out to new markets. The
finally became a “unicorn”
company’s mantra is centred
valued at more than $1bn in
on common-sense finance and
September 2020.
financial inclusion.
TOP TOP100 100 COMPANIES
46
45
Year founded: 2007 Based: USA
Year founded: 2012 Based: USA
Credit Karma
Carta
One of the early-bird fintechs
One of the leading fintechs
to shape the industry, Credit
operating state-side, Carta
Karma is a North American
specialises in capitalisation
multinational personal finance
table management and
company that has been a brand
valuation software.
of Intuit since December 2020.
44
43
Year founded: 2018 Based: Canada
Year founded: 2011 Based: USA
Dapper Labs
Remitly
A champion of blockchain
Remitly offers services to
technology, Dapper Lab’s
expatriate workers. The company
mission is to reshape how global
launched in 2011 and provides a
customers use and interact with
seamless solution for payment
digital worlds and increase the
transfers and financial services
technology’s adoption.
for overseas workers.
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TOP 100 COMPANIES
42
41
Year founded: 2011 Based: UK
Year founded: 2016 Based: Israel
Wise
Pagaya
Wise (formerly TransferWise) is
The Tel Aviv-based fintech
a UK fintech founded in 2011
Pagaya launched in 2016 and
to provide customers with
provides an AI-driven platform
alternative, low-cost money
that helps its partners create
transfer services.
better outcomes for themselves and their customers.
40
39
Year founded: 2021 Based: Gibraltar
Year founded: 2010 Based: USA
Bullish
The cryptocurrency exchange
Tipalti is an accounting software
Bullish offers deep liquidity,
fintech company that provides
automated market making and
services including procurement
industry-leading security. It
and global mass payments
enables users to trade with deep
automation software for
and predictable liquidity across
businesses.
variable market conditions.
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Jan 2022
Tipalti
TOP 100 COMPANIES
38
37
35
N26
Jiedaibao
Ripple Labs
The Berlin-based all-digital bank
The Chinese fintech Jiedaibao
Originally named OpenCoin and
has dominated the European
is a peer-to-peer platform for
launched in 2012, Ripple Labs,
challenger bank scene since
borrowing and lending. The
Inc was rebranded in 2015 and
its launch in 2013. It currently
platform provides matching,
was responsible for developing
operates in various member
registration, collection and other
the Ripple payment protocol
states of the Single Euro
services for small loans.
and exchange network.
36
34
Year founded: 2013 Based: Germany
Year founded: 2014 Based: China
Year founded: 2015 Based: USA
Payments Area.
Gusto
Year founded: 2011 Based: USA Harnessing the power of cloud-
Digital Currency Group Year founded: 2015 Based: USA
based technology, Gusto
Based in New York, the VC Digital
(formerly ZenPay) provides
Currency Group was founded in
payroll, benefits, and human
2015 and specialises in the digital
resource management software
currency market, blockchain and
for businesses.
bitcoin technologies.
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TOP 100 COMPANIES
33
32
Kraken
eToro
A leading cryptocurrency
One of the industry’s first
exchange, US-based Kraken
established crypto investment
launched in 2011 and provides
platforms, eToro, was launched in
trading between cryptocurrency
2006. The Israeli social trading and
and fiat currencies. It also
multi-asset brokerage company
provides price information to
focuses on providing financial
Bloomberg Terminal.
and copy trading services such as
Year founded: 2001 Based: USA
Year founded: 2007 Based: Israel
forex and crypto.
31
30
Year founded: 2012 Based: USA
Year founded: 2017 Based: USA
Affirm is a publicly-traded
Brex primarily offers a corporate
fintech company headquartered
credit card to early-stage
in San Francisco. The company
companies. Headquartered in
specialises in BNPL transactions;
San Francisco, the company
Affirm operates as a financial
recently raised $300mn in a
lender of instalment loans for
Series C investment round.
Affirm
consumers to use at the point of sale to finance a purchase.
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Jan 2022
Brex
TOP TOP100 100 COMPANIES
29
28
Year founded: 2013 Based: USA
Year founded: 2016 Based: Uruguay
Plaid
Dlocal
Based in San Francisco, Plaid is a
Specialising in local payments
financial services company that
for emerging markets, Dlocal
builds a data transfer network
offers pay-out services for local
that powers fintech and digital
sellers and partners, direct
finance products, such as Open
issuing of branded virtual and
Banking APIs.
physical cards in local currencies and fraud prevention tools.
27
26
Year founded: 2012 Based: UK
Year founded: 2006 Based: New Zealand
Checkout
Xero
Checkout specialises in
Xero is a software accounting
connected finance and digital
company dealing specifically
payments. The company’s
with SMEs. Founded in 2006 in
cloud-based payments platform
New Zealand, it is also one of the
helps businesses streamline
fastest-growing software-as-a-
their transactions. It offers
service fintechs globally, leading
innovative technology, modular
the New Zealand, Australian, and
solutions and flexible tools.
UK cloud accounting markets.
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TOP 25
TOP 100 COMPANIES
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Jan 2022
24 25
Ally Bank
Year Founded: 2009 Based: USA
Paytm
Year Founded: 2010 Based: India Headquartered in Uttar Pradesh, Paytm provides full-stack payments and financial solutions to consumers, online platforms and offline merchants. The
Ally Bank is an internet bank
fintech company is an owned
headquartered in Sandy, Utah.
subsidiary of 'Paytm Money' and
The company offers deposit
enjoyed skyrocketing growth in
accounts to consumers
its first year, becoming India's
throughout the USA with an
biggest investment platform
emphasis on banking, lending,
within 12 months of operation.
and investment products. The
Paytm is also a large contributor
fintech firm has more than 11,000
of new Systematic Investment
employees and has a legacy
Plans (SIPs) to the Mutual
dating back to 1919 through its
Funds industry.
holding company Ally Financial.
TOP 100 COMPANIES
23 Marqeta
Year Founded: 2010 Based: USA
22
Lufax
Year Founded: 2011 Based: China Headquartered in Shanghai, Lufax is one of the largest
21
Marqeta is the world’s first
technology-empowered
open-API modern card issuing
personal financial services
platform. The fintech company’s
platforms in China. The
flexible and purpose-built
company is an associate
technology platform enables
company of Ping An Insurance
developers to launch new
(Group) Company of China,
programmes with speed,
and Lufax provides services for
flexibility and scale. Marqueta has
businesses spanning several
SoFi Technologies is an online
issued 320+ million cards through
sectors, including wealth
personal finance company
its platform since its launch and
management, and retail
based in San Francisco. The
supports card programmes in
credit facilitation.
fintech company offers financial
Europe, the US, Canada and Asia.
SoFi
Year Founded: 2011 Based: USA
products that include refinancing, student loan refinancing, personal loans, mortgages, credit cards, online banking and investing. Despite its wide range of products, SoFi is not a bank as it sweeps funds to one or more of its six partner banks to federally insure customer money.
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TOP 100 COMPANIES
20 Nuvei
Year Founded: 2003 Based: Canada Nuvei is a publicly-listed global payments platform. From a base in Canada, its innovative platform provides streamlined
19
WeBank
Year Founded: 2014 Based: China
and frictionless pay-in and payout capabilities. It connects
One of the fastest growing
merchants with their customers
fintech companies to emerge
in over 200 markets worldwide,
from China, WeBank is a privately
with local acquiring in 45 markets.
owned neobank, founded
It also supports over 500
by Tencent, Baiyeyuan, Liye
local and alternative payment
Group, and other companies.
methods, nearly 150 currencies
Tencent is the single largest
and 40 cryptocurrencies.
shareholder, with an estimated 30% ownership share. WeBank’s primary objective is to WeBank is devoted to provide underbanked individuals and SMEs with a spectrum of convenient, and high-quality financial services
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Jan 2022
TOP TOP100 100 COMPANIES
18
16
Year Founded: 2012 Based: USA
Year Founded: 2019 Based: The Bahamas
Upstart
FTX
Upstart is an online lending
FTX is a cryptocurrency
company that uses big data and
exchange with the aim of
machine learning algorithms to
bringing crypto trading into the
assess a borrower’s credit risk.
mainstream. The company was
The company was founded
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founded by Sam Bankman-Fried
Year Founded: 2006 Based: Russia
traders alike. It also uses
by Dave Girouard, Anna Counselman, and Paul Gu to change the way credit scoring and lending is done. It now employs more than 420 people and generated revenue in excess
Tinkoff Bank
of $250m USD in 2021.
and Gary Wang with the intention of providing the best trading experience for beginners and professional advanced APIs to provide real-time analytics about the
Tinkoff Bank, founded by Oleg
cryptocurrency market.
Tinkov, is Russia's leading neobank. It offers a mobile app that allows users to open an account, deposit and withdraw cash, and pay bills. Even though the company does not have any branches, it employs more than 18,000 people and is publicly listed on the London Stock Exchange.
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TOP 100 COMPANIES
15
KakaoBank
14
13
Year Founded: 2013 Based: USA
Year Founded: 2013 Based: Brazil
Robinhood
Nubank
Robinhood, founded by Vladimir
Nubank is another true disrupter,
Tenev and Baiju Bhatt, offers
taking on banking incumbents.
commission-free stock trading
Founded by entrepreneurs
KakaoBank is a mobile-only bank
and investment services and has
Cristina Junqueira, David Vélez,
from the parent company that
amassed more than 22.5 million
and Edward Wible, the
created South Korea's dominant
users. The US-based company
Brazil-based company has
messaging platform, KakaoTalk,
also enables cryptocurrency
taken the country by storm,
among other organisations. With
trading, and like most fintech
now boasting over 48 million
a focus on customer services
companies, emphasises the use
customers. The company
and convenience, KakaoBank
of technology to make investing
is also one of billionaire investor
targets a growing market of
and trading more accessible.
Warren Buffett's first
Year Founded: 2016 Based: South Korea
people who use smartphones as their primary gateway to the internet. It has more than 950 employees and 16 million users.
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Jan 2022
fintech investments.
TOP 100 COMPANIES
12 Revolut
Year Founded: 2015 Based: UK Revolut is a UK-based digital banking. Nikolay Storonsky and Vlad Yatsenko founded the
11
Afterpay
Year Founded: 2014 Based: Australia
company to provide a better alternative to banks, allowing
Afterpay is a payment platform
users to spend, transfer, and invest
that allows shoppers to buy items
money globally with low fees.
now and pay for them over time.
People can also buy bitcoin and
It's one of Australia's most popular
other assets such as commodities
fintech companies, and it's been
and stocks through the app.
expanding rapidly into other countries. The company has more than 150 employees and is also known as Clearpay internationally.
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TOP TOP 100 COMPANIES
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TOP 100 COMPANIES
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TOP 100 COMPANIES
10 Bill.com
Year founded: 2006 Based: USA Founded in 2006 by René Lacerte,
09 Chime
Year founded: 2013 Based: USA Founded in 2013 by Chris Britt and Ryan King, Chime is a digital banking service offering checking, savings, and credit products. Although the company has no physical
Bill.com is a cloud-based business
branches, it is able to charge lower fees
payments company allowing
than traditional banks because of its low
organisations to pay and get paid online.
operating costs.
Its services include invoice
It is also one of the fastest-growing
payment, workflow automation, and
neobanks in the United States, with more
payment tracking.
than 12 million customers.
The company has more than 1,100
Chime is known for its customer-friendly
employees, over 350,000 customers,
features, such as round-the-clock customer
including JPMorgan Chase
service and automatic savings plans that
and Wells Fargo.
round up card purchases to the nearest
Bill.com is known for its userfriendly interface and its ability to help businesses automate their payment processing. The company is also one of the few fintech firms to offer a free trial for new users to experience its offering.
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Jan 2022
dollar and deposit the difference into a savings account.
TOP TOP100 100 COMPANIES
08 Klarna
Year founded: 2005 Based: Sweden
07
Ant Group
Year founded: 2014 Based: China
Klarna was founded in 2005 by three entrepreneurs, Sebastian Siemiatkowski,
Ant Group, formerly known as Ant
Victor Jacobsson, and Niklas Adalberth
Financial, is a Chinese financial technology
in Sweden.
company and Alibaba's affiliate. It was
The company is best known for its "buy now, pay later" (BNPL) service, which allows consumers to make
founded in 2014 by billionaire business titan Jack Ma. The company is best known for its
purchases and pay in monthly
Alipay mobile payment platform, one of
instalments.
China's most popular payment methods.
Klarna also offers additional services
It has more than one billion users, many
such as invoicing, financing, and credit
of whom do not have established bank
cards. It has over 4,000 employees and
credit histories or debit cards.
operates in more than 17 countries.
Ant Group also provides a wide range
It has thrived owing to its focus on
of other financial services through its
client satisfaction, which is why it has
subsidiaries, including microfinancing,
earned the confidence of customers
loans and banking products.
and merchants alike.
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TOP 100 COMPANIES
06 Coinbase
Year founded: 2012 Based: USA
Coinbase is a digital currency exchange where merchants and consumers can buy and sell cryptocurrencies like bitcoin or ethereum, founded by Brian Armstrong and Fred Ehrsam. One of the biggest strengths of
05 Stripe
Year founded: 2009 Based: Ireland
Coinbase is its dominance in the market. It was an early mover in facilitating
Stripe is a payment processing company
cryptocurrency trading, meaning it has
helping businesses process transactions
built up trust and credibility over the
quickly and easily. It was founded in 2009
years among its users.
by brothers Patrick and John Collison.
It also holds the record for being the
Simplicity is key to Stripe's success. The
first crypto exchange in history to be
company offers a single API that allows
publicly listed, with its IPO taking place in
businesses to accept payments in any
April 2021.
currency, device, and country. It also
The company has more than 1,200
provides real-time fraud prevention and
employees and offices in over eight
detailed analytics so merchants can track
countries.
their sales and revenue. In addition to payment processing, Stripe also offers products like Atlas, which helps entrepreneurs start companies in the United States from any part of the world.
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Jan 2022
TOP 100 COMPANIES
04 Adyen
Year founded: 2006 Based: The Netherlands Launched in 2006 in The Netherlands, Adyen provides merchants with online services for accepting electronic
03
Block (Square) Year founded: 2009 Based: USA
transactions by payment methods, including credit cards, bank-based
Launched by the former CEO of Twitter,
payments such as debit cards, bank
Jack Dorsey, Block, the parent company of
transfers, and real-time bank transfers
Square, is an American financial services
based on online banking.
and digital payments company based
The fintech company’s online payment platform connects to global payment
in San Francisco. Block builds tools to empower businesses
methods, including international credit
and individuals to participate in the
cards, local cash-based methods, such as
economy. At the same time, sellers use
Boleto in Brazil, Internet banking methods,
the company to reach buyers online and
such as iDEAL in the Netherlands, and
in-person, manage their business, and
mobile payment technologies such as
access financing.
mobile payment technologies Blik in Poland.
Block also provides accessible services for individuals and features a Cash App that enables them to spend, store, and invest money. In March 2021, Block also launched its own banking platform.
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02 TOP 100 COMPANIES
Shopify Build-a-business
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Jan 2022
TOP 100 COMPANIES
Shopify
Year founded: 2006 Based: Canada
Shopify is a Canadian e-commerce platform enabling
hardware, by creating point-of-sale products like a
businesses of all sizes to create online stores. It offers
card reader and barcode scanner, enabling businesses
a wide range of features and services to make this
to process payments from their mobile devices or
process easier, including templates, themes, payment
desktop computers.
processing, shipping, and more. The company was founded in 2006 by Tobias Lütke,
The company's popularity can be attributed to its ease of use, wide range of features, and focus on
Daniel Weinland, and Scott Lake. It is now worth more
helping businesses of all sizes. It is no wonder then
than $190bn USD and has over 1.75 million merchants
that it has become one of the most valuable fintech
using its platform.
companies in the world.
In 2013, it launched Shopify Payments, which gives
Shopify quickly became a force to be reckoned
merchants the opportunity to accept online card
with in the financial technology sector. Its expanding
payments. It also introduced Shopify Capital in 2016,
product offering and focus on customer satisfaction
a financing program designed to help merchants get
make it well-positioned to innovate further and
money when they need it.
dominate the fintech space. Consequently, it is
Handling payments and issuing credit are only two
definitely a company worth watching in 2022 and
of the many fintech products and services Shopify
beyond with its rapidly growing user base and
offers. It has also ventured into other areas, such as
impressive valuation.
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TOP 100 COMPANIES
PayPal as the Evolving Marketplace for Cryptocurrencies
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Jan 2022
TOP TOP100 100 COMPANIES
PayPal
Year founded: 1998 Based: USA
PayPal is the highest valued digital payments platform in the world. It enables global commerce across multiple platforms and devices, bringing new buying opportunities to consumers and businesses across the globe. Established in 1998, PayPal's mission is to democratise financial services and empower people and businesses to join together and exchange value for better experiences. The company allows individuals and merchants to get paid in more than 25 currencies in over 200 countries. It also has a wide range of services and products to make the process of payments easier, including online invoicing, credit card acceptance, and buy now pay later options, to name a few. At the same time, PayPal is constantly looking to the future, developing new technologies to improve its services and stay ahead of the curve. Some of its latest innovations include cryptocurrency investing, bill splitting, and budgeting tools.
The company gave rise to four billionaires, including Elon Musk, Peter Thiel, Max Levchin, and Reid Hoffman. The role of this company as a catalyst for the entire fintech industry cannot be understated. Furthermore, two of the world's most recognised brands, LinkedIn and Tesla Motors, founded by Reid Hoffman and Elon Musk, were born partially due to PayPal's success. Having been around for longer than two decades, PayPal is now a well-established name in the global fintech industry, giving it a solid competitive edge. In fact, it is now worth more than $220bn. Nevertheless, competition is heating up, and PayPal will need to continue innovating to stay ahead. It remains to be seen whether it will be able to retain its title as the world's most valuable fintech brand by this time next year.
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To all the Companies who were nominated and took part in the Top 100 Companies in Fintech...
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