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FinTech companies globally

Sector Definition: Companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services. FinTech sector is also known as BFSI Tech.

Sector Definition: Companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services. FinTech sector is also known as BFSI Tech.

Companies in FinTech

There are 159,973 companies in FinTech which include Stripe, Razorpay, Square, PayPal, Shopify. 38,421 companies in FinTech are funded, with 14,441 having secured Series A funding. Till date, the sector has seen the creation of 428 Unicorns. United States has the most number of companies in FinTech (42,632), followed by United Kingdom (15,554), and then India (13,575).
2024 has seen the creation of 3,176 FinTech companies. On average, the last 10 years have seen 11,404 new companies launched every year. Most number of FinTech startups have been founded by alumni from Stanford University, Harvard University and University of Pennsylvania.

Here is a List of top 10 companies in FinTech

Payment processing and card issuance solutions for businesses. It offers solutions such as payment gateways, hardware-based POS terminals, billing and subscription payments, and more. It also offers financial services such as the issuance of corporate cards, business financing, and more.

Key facts about Stripe

Provider of online payment gateway solutions for businesses. The platform offering various solutions such as UPI-based recurring payments, payment buttons, payment links, QR-codes, invoice payments, subscription payments, and more. It also supports multiple payment methods such as credit and debit cards, net banking, UPI, and wallets.

Key facts about Razorpay

  • Founded Year: 2014
  • Location: Bengaluru (India)
  • Stage: Series F
  • Total Funding till date: $742M
  • Investors: Peak XV Partners, GIC and 36 Others
  • Latest Funding Round: Series F, Dec 19, 2021, $375M
  • Tracxn Score: 88/100 What is this?
  • Competitors Rank: 1 of 316 Competitors
Provider of POS solutions for retail businesses. Its features includes live chat, online ordering, payments, delivery management, shipment, and more. It offers solutions for grocery stores, restaurants, cafes, and more.

Key facts about Square

App-based platform for diversified payment solutions for consumers and companies. The platform allows businesses to accept client payments, and individuals can use it to pay money and make online payments. It also offers users to receive payments, send payments, and more. The application is available on Android and iOS platforms.

Key facts about PayPal

SaaS-based storefront solutions for e-commerce businesses. The platform offers online storefront, payment solutions to accept credit cards, marketing, shipping, customer engagement tools, and more. It also offers a Shopify POS application for retail sales with features including inventory tracking, staff management, and more.

Key facts about Shopify

  • Founded Year: 2006
  • Location: Ottawa (Canada)
  • Stage: Public
  • Total Funding till date: $122M
  • Investors: Insight Partners, OMERS and 18 Others
  • Latest Funding Round: Series C, Dec 11, 2013, $100M
  • Tracxn Score: 86/100 What is this?
  • Competitors Rank: 1 of 1,557 Competitors

6. SoFi

Online platform for consumer loans. It offers multiple loan products including personal loans, student loans, home loans, business loans, and more. It also offers insurance including life insurance, home insurance, and more. It also features an app-based platform for trading stocks, ETFs, crypto, and accessing financial services. The app is available on IOS and Android devices.

Key facts about SoFi

AI-based accounting and financial management solutions for individuals and businesses. Its products include Quick Books, Mint, Turbo Tax, and more. It provides solutions for accounting management, payroll processing, personal finance, tax preparation, and filing. It offers solutions including Lacerate tax, Pro Connect tax, and Pro Series for accountants to manage tax.

Key facts about Intuit

Credit score checking and comparison platform for financial products. It offers comparison tools for consumer loans, prepaid cards for consumers and businesses, insurance, and more. Users can also check credit scores by providing personal information.

Key facts about Credit Karma

Online gaming platform for developing web and mobile games. The platform enables its users to create its own games through simple drag and drop mechanisms. It has developed Roblox an action game. It generates revenue through virtual purchases in-game by the use of a virtual currency Robux. The platform follows a revenue share model for game developers.

Key facts about Roblox

10. Nubank

Digital bank for individuals and businesses. It offers an online bank account that allows users to send and receive money and make scheduled transfers. It also offers consumer loans, bill payments, and NFC-enabled credit cards for online and offline purchases. Its application is available on iOS and Android platforms.

Key facts about Nubank

  • Founded Year: 2013
  • Location: Sao Paulo (Brazil)
  • Stage: Public
  • Total Funding till date: $2.27B
  • Investors: Sequoia Capital, DST Global and 36 Others
  • Latest Funding Round: Series G, Jun 08, 2021, $750M
  • Tracxn Score: 86/100 What is this?
  • Competitors Rank: 1 of 59 Competitors