In this article, we will discuss the top 20 most valuable fintech companies in the United States. If you want to skip the detailed analysis of the fintech industry, you can go directly to the top 5 most valuable fintech companies in the US.
Analysis of the global fintech market
Fintech (financial technology) is becoming increasingly important in the financial services industry as technology can be leveraged to create innovative solutions for various sectors of finance. The global fintech market is estimated to reach $228.24 billion in 2024, according to a report by Mordor Intelligence. The market is expected to grow at a compound annual growth rate (CAGR) of 11.72% from 2024 to 2029, and the fintech market is expected to reach $397.24 billion by the end of the forecast period. North America region accounts for the largest market share.
The high costs of traditional finance and high mark-ups in the banking sector have led to a surge in the adoption of fintech in various regions around the world. Changes in customer needs and expectations and advances in digital technologies such as artificial intelligence (AI), blockchain, and automation are key factors driving the growth of the global fintech market. Let’s take a look at what some of the biggest players in the fintech market are up to.
Key players in the fintech market
The fintech market is expected to continue growing in the coming years with established players and startups coexisting and competing. Some of the most well-known companies in the global fintech market include Visa Inc. (NYSE:V), Mastercard Incorporated (NYSE:MA), and Intuit Inc. (NASDAQ:INTU).
Intuit Inc. (NASDAQ:INTU) is an American multinational financial technology company specializing in financial software. The company’s product portfolio includes personal finance app Mint, credit monitoring service Credit Karma, tax preparation application TurboTax, and small business accounting program QuickBooks. On January 8, Intuit Inc. (NASDAQ:INTU) announced that Credit Karma members and QuickBooks Online customers can prepare and file their 2023 taxes using TurboTax directly within the Credit Karma and QuickBooks Online product interfaces. announced that it has become. By leveraging Intuit Inc.’s (NASDAQ:INTU) AI platform capabilities and the tax knowledge engine that powers TurboTax, as well as the personal and financial data already available in Credit Karma or QuickBooks, these integrations are now more seamless. We aim to provide you with a personalized service. Experience preparing and filing taxes for both small business owners and individual taxpayers.
Visa Inc. (NYSE:V) is an American multinational corporation that specializes in providing payment card services and facilitating digital payments and electronic funds transfers. On January 16, Visa Inc. (NYSE:V) announced that it had completed its acquisition of Pismo. Pismo is a global, cloud-native issuer processing and core banking platform. The transaction has now closed and will give customers access to core banking and card issuer processing capabilities across all product types via cloud-native APIs. Pismo’s platform will enable Visa Inc. (NYSE:V) to provide support and connectivity for new payment schemes and real-time payment networks for financial institutions.
Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) are among the top fintech stocks to buy in 2024. On January 31, Mastercard Incorporated (NYSE:MA) reported strong financial results for the fourth quarter of fiscal 2023. This reflects strong demand for fintech products and services. The company reported earnings per share (EPS) of $3.18, beating EPS estimates by $0.10. Mastercard Incorporated (NYSE:MA)’s revenue for the quarter increased 12.57% year-over-year to $6.55 billion, beating the market consensus by $63.04 million.
Now that we’ve covered what’s going on in the global fintech market, let’s take a look at the 20 most valuable fintech companies in the United States.
Top 20 most valuable fintech companies in the US
methodology
In this article, we have listed the top 20 most valuable fintech companies in the United States. To find America’s largest fintech companies, we scoured a variety of sources, including our own rankings, other companies’ rankings, industry reports, and consulted stock reviewers at Yahoo Finance and Finviz. We decided to rank listed companies based on their market capitalization as of February 12, 2024. To quantify the “value” of private companies, they relied on estimated valuations, annual revenues, or number of employees. Subject to data availability. Estimated valuations are obtained from major media reports, and annual sales and number of employees are obtained from official company announcements. Finally, we narrowed down our selection and ranked the top 20 most valuable fintech companies in the U.S. in ascending order based on market capitalization or an alternative measure of private company.
Incidentally, Insider Monkey is an investment site that tracks the movements of company insiders and hedge funds. Using a consensus approach, we identify the best stock picks of over 900 hedge funds investing in US stocks. The top 10 hedge fund consensus stocks outperformed the S&P 500 by over 140 percentage points over the past 10 years. Whether you’re a novice investor or a professional looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and company insiders.
Top 20 most valuable fintech companies in the US
20. Robinhood Markets, Inc. (NASDAQ:HOOD)
Market capitalization: $10.38 billion
Robinhood Markets Inc. (NASDAQ:HOOD) is an American financial services company that operates an electronic trading platform that facilitates commission-free trading of stocks, exchange-traded funds, and cryptocurrencies. Robinhood Markets Inc. (NASDAQ:HOOD) has a market capitalization of $10.38 billion as of February 12, 2024. Ranked among the top 20 most valuable fintech companies in the United States.
19. Toast Inc. (NYSE:TOST)
Market capitalization: $10.81 billion
Toast Inc. (NYSE:TOST) is an American fintech and restaurant management software company. We offer a single platform of software-as-a-service (SaaS) products and financial technology solutions built specifically for restaurants. As of February 12, 2024, Toast Inc. (NYSE:TOST) has a market capitalization of $10.81 billion.
18. Bolt Financial Co., Ltd.
Estimated valuation: $11 billion
Bolt Financial, also known simply as Bolt, is an American financial technology company. As one of the most valuable fintech companies in the United States, Bolt provides software that facilitates one-click online checkout for merchants. According to the New York Times, Bolt Financial is valued at $11 billion as of May 2022.
17. Ally Financial Co., Ltd. (NYSE:ALLY)
Market capitalization: $11.2 billion
Ally Financial Inc. (NYSE:ALLY) is an American digital financial services company that ranks as one of the most valuable fintech companies in the United States. The company operates one of the largest all-digital banks in the United States and an industry-leading auto financing business. Ally Financial Inc. (NYSE:ALLY) has a market capitalization of $11.2 billion as of February 12, 2024.
16.Ripple Lab Co., Ltd.
Estimated valuation: $11.3 billion
Ripple Labs Inc. is an American cryptocurrency and technology company. The company develops the Ripple payment protocol and exchange network. As one of the top fintech companies, the company provides blockchain solutions for finance that are faster, more transparent, and more cost-effective than traditional financial services. According to Reuters, Ripple Labs was valued at $11.3 billion as of January 2024.
15. Deal
Estimated valuation: $12 billion
Deel is a US payroll and compliance provider that helps businesses manage their international workforce. The company provides employment and payment services to businesses and businesses that employ foreign employees and contractors. According to Forbes, Deel is valued at $12 billion as of January 2023, ranking it among the top 15 most valuable fintech companies in the United States.
14. Brex Co., Ltd.
Estimated valuation: $12.3 billion
Brex Inc. is an American financial services and technology company. As one of the most valuable fintech companies in the U.S., we offer a no-fee corporate card with travel benefits, expense tracking, bill payments, and startup debt financing. According to CNBC, Brex Inc. is valued at $12.3 billion as of May 2023.
13. Open Sea
Estimated valuation: $13.3 billion
OpenSea is one of the world’s largest digital marketplaces for cryptocurrency collectibles and non-fungible tokens (NFTs). We create tools for creators to publish new digital works and for consumers to buy, sell, and discover exclusive digital items. According to the New York Times, OpenSeas was valued at $13.3 billion as of January 2022.
12. Plaid pattern
Estimated valuation: $13.4 billion
Plaid is a financial services company that ranks 12th on the top list of the most valuable fintech companies in the United States. Plaid helps businesses build fintech solutions and digital financial products. The company’s technology platform enables consumers to connect their bank accounts to apps and services to make digital payments. As of April 2021, Plaid is valued at $13.4 billion, according to Forbes.
11. Affirm Holdings, Inc. (NASDAQ:AFRM)
Market capitalization: $13.8 billion
Affirm Holdings Inc. (NASDAQ:AFRM) is an American fintech company that provides buy now, pay later services for online and in-store shopping. The company is one of the largest companies in the United States in the buy now, pay later space. As of February 12, 2024, Affirm Holdings Inc. (NASDAQ:AFRM) has a market capitalization of $13.8 billion.
10. Chime
Estimated valuation: $25 billion
Chime is an American financial technology company that ranks among the top 10 most valuable fintech companies in the United States. We partner with banks to offer banking products and services such as mobile banking services, peer-to-peer payments, checking accounts, high-yield savings accounts, and interest-free secured credit cards. According to CNBC, Chime is valued at $25 billion as of May 2023.
9. Coinbase Global Inc. (NASDAQ:COIN)
Market capitalization: $35.24 billion
Coinbase Global Inc. (NASDAQ:COIN) is an American technology company that operates a cryptocurrency exchange platform. As a decentralized company, we provide a trusted and easy-to-use platform for investing, spending, saving, earning, and using cryptocurrencies. Coinbase Global Inc. (NASDAQ:COIN), one of the most valuable fintech companies in the United States, has a market capitalization of $35.24 billion as of February 12, 2024.
8. Block Co., Ltd. (NYSE:SQ)
Market capitalization: $43.5 billion
Block Inc. (NYSE:SQ) is an American financial services and digital payments company. The company’s product portfolio includes Cash App, a consumer app, Afterpay, a buy now, pay later service, and Square, a financial services platform for small businesses. As of February 12, 2024, Block Inc. (NYSE:SQ) has a market capitalization of $43.5 billion. Block Inc. (NYSE:SQ) is also one of the most promising fintech stocks to buy.
7.Stripe Co., Ltd.
Estimated valuation: $50 billion
Stripe Inc. is an Irish-American multinational financial services company. Stripe Inc. helps millions of businesses accept payments, send payments, and automate financial processes, providing payment processing software and application programming interfaces for e-commerce websites and mobile applications. According to CNBC, Stripe Inc. is valued at $50 billion as of March 2023.
6. PayPal Holdings Inc. (NASDAQ:PYPL)
Market capitalization: $64.4 billion
PayPal Holdings Inc. (NASDAQ:PYPL) is an American multinational financial technology company that operates an online payment system that supports money transfers. PayPal Holdings Inc. (NASDAQ:PYPL), one of the world’s top fintech companies, had a market capitalization of $64.4 billion as of February 12, 2024. The company ranks No. 6 on the list of the most valuable fintech companies in the United States.
Click to keep reading to see the top 5 most valuable fintech companies in the US.
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Disclosure: None. The 20 most valuable fintech companies in the US are listed on Insider Monkey.
