8/17/22, 11:12 AM
The Biggest Fintech Companies In The US In 2022 | Sahr Ngegba | Technology
a The Biggest Fintech Companies In The US In 2022 by sahrngegba | Aug 9, 2022 | Blog, Sahr Ngegba, Technology
Fintech has become huge in recent years, especially after the COVID-19 pandemic rocked the world. More people have become interested in investing than ever, whether it be stocks, crypto, or any other form of financial tech. You’ve probably heard of a few big fintech companies such as Robinhood, but there are way more out there. This article aims to discuss a few of the biggest fintech companies in the United States today. Let’s dive in.
Klarna The concept of the buy-now-pay-later model was pioneered by payment startup, Klarna, which enables customers to pay for purchases with just a tap of their phone. They can pay for products such as Nike sneakers and cosmetics through the app or schedule interestfree payments. The company also charges retailers for its payments and affiliate marketing services. According to reports, it is currently working on raising around $1 billion in a down round, which could lower its valuation to around $30 billion. https://sahrngegba.org/the-biggest-fintech-companies-in-the-us-in-2022/
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8/17/22, 11:12 AM
The Biggest Fintech Companies In The US In 2022 | Sahr Ngegba | Technology
Chime Chime, which is the largest digital bank in the US, became popular due to its free checking accounts and no-overhead fees. It was initially planning on going public this year, but the company decided to delay its plans due to the stock market’s volatility. According to CEO Chris Britt, the company was able to acquire more new customers during the first quarter of 2022, which was a record for the bank’s ten-year history.
Plaid Through its platform, which was founded in 2012, Plaid enables financial apps such as Coinbase and Venmo to connect with their customers’ bank accounts. In late 2020, the company acquired Cognito, a compliance and identity verification company, for $250 million. By the end of 2021, the company had already grown its customer base to 6,300.
Brex Brex offers a suite of corporate banking products, including credit cards and cash management accounts. These accounts are insured by the Federal Deposit Insurance Corporation. They also have built-in travel rewards and expense tracking. Through its online dashboard, which is also available in a variety of languages, Brex enables businesses to manage their expenses and bill-pay efficiently. In August of 2021, the company launched a lending service for tech-focused startups. In April of 2022, it was able to acquire a software startup for $90 million.
Blockchain.com The British crypto exchange is one of the most popular platforms for storing and managing multiple cryptocurrencies. It has expanded its operations to the US and now serves customers in 35 states. Founded in 2011, Blockchain.com claims that over a hundred million transactions have been conducted through its platform since it was first launched.
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8/17/22, 11:12 AM
The Biggest Fintech Companies In The US In 2022 | Sahr Ngegba | Technology
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8/17/22, 11:12 AM
The Biggest Fintech Companies In The US In 2022 | Sahr Ngegba | Technology
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