Companies in FinTech
There are 176,244 companies in FinTech which include Grab, Circle, Robinhood, PhonePe, Gusto. 39,472 companies in FinTech are funded, with 15,779 having secured Series A funding. Till date, the sector has seen the creation of 431 Unicorns. United States has the most number of companies in FinTech (47,123), followed by United Kingdom
(18,291), and then India (16,054).
On average, the last 10 years have seen 10,581 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 companies in FinTech
1. Grab
Operator of a platform providing ride, food, mart, and express services. The platform offers options for transportation, food delivery, grocery and goods, and package delivery. It also provides financial services, gift options, and rewards programs for users. Additionally, the platform extends tools and resources for drivers and merchants to facilitate their operations.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Stage: Public
- Total Funding till date: $10.4B
- Investors: Didi, Tokyo Century and 104 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 1 of 390 Competitors
2. Circle
Cross-border payment solution for businesses focusing on cryptocurrency. It offers a payments API for payment processing, a payouts API for global payouts solutions, and more. The mobile application is available for Android users.
Key facts about Circle
- Founded Year: 2013
- Location: Boston (United States)
- Stage: Public
- Total Funding till date: $1.5B
- Investors: Coinbase, Fin Capital and 50 Others
- Latest Funding Round: Series E, Aug 22, 2023, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 1 of 523 Competitors
3. Robinhood
Broker-based online trading and investment platform. It offers tools for building investment strategies and tracking market trends. It facilitates trading in stocks, funds, options, and crypto assets. Expert-managed portfolios are available, providing market insights and investment adjustments. The company also provides educational resources to improve investor knowledge.
Key facts about Robinhood
- Founded Year: 2013
- Location: Menlo Park (United States)
- Stage: Public
- Total Funding till date: $5.73B
- Investors: DST Global, Sequoia Capital and 144 Others
- Latest Funding Round: Post IPO, May 13, 2022, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 219 Competitors
4. PhonePe
Provider of payment, financial, investment, lending, and related technology services. The company facilitates online and offline payments for businesses and consumers. It offers payment gateway services, payment links, and merchant lending options. Additionally, the company provides insurance, investment opportunities, consumer lending, and digital gold services.
Key facts about PhonePe
- Founded Year: 2012
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $1.01B
- Investors: General Atlantic, Walmart and 27 Others
- Latest Funding Round: Series D, Jan 19, 2023, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 275 Competitors
5. Gusto
Provider of a cloud-based platform offering payroll, benefits, and HR solutions. It is a SaaS-based platform offering payroll, benefits, and human resource management solutions for growing businesses, aiming to simplify complex tasks for its clients.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series E
- Total Funding till date: $718M
- Investors: Y Combinator, CapitalG and 81 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 2,355 Competitors
