Forbes Announces "Top 50 Fintech", 6 Blockchain Companies List

Forbes released a list of "Fintech 50" this week, including 6 blockchain companies, all of which are top fintech companies.

On this list released yesterday, there is a "Blockchain and Bitcoin" category, with Axoni, Chainalysis, Coinbase, Everledger, MakerDao, and Ripple among them.

blockchain

Other companies on the list include Plaid, Opendoor, and Lemonade, which are classified into payment, real estate and insurance, respectively.

Among the six categories related to blockchain and cryptography, crypto exchange giant Coinbase is said to have the most funds, at $ 525 million. Ripple came in second with $ 293 million. Everledger's data shows that of all listed crypto companies, the fund base is the smallest, only $ 20 million.

Although new fintech companies are constantly emerging, the valuations of some of the original established companies are rapidly expanding: 13 companies have a valuation of more than $ 2 billion this year, compared with only 8 last year. In 2019, the payment giant Stripe's market value increased by $ 13 billion to $ 35 billion-3.5 times the market value of Ripple, the second largest fintech company. In just nine months, the market value of digital bank Chime rose from $ 1.3 billion to $ 5.8 billion.

Interestingly, Forbes pointed out that the 50 fintech companies on the list have three similarities in terms of equity, location and service.

"The fintech 50 companies we have selected have a few things in common: they are all private companies with businesses or customers in the United States, and they are making financial services easier, faster and cheaper."

Of the 50 companies on the list, 48 are located in the United States. The remaining two FinTech companies are headquartered in London, England.