Other competitors in the list include Opendoor, Plaid and Lemonade, classified under payments, real estate and insurance, respectively. Considering the huge number of categories in the fintech sector, Forbes has listed the companies alphabetically.
The US based cryptocurrency exchange Coinbase has received the highest funding of $525 million in the six blockchain and cryptocurrency related classifications. Ripple followed suit with $293 million in funding.
Everledger is the blockchain firm which received the lowest funding of $20 million. Forbes has highlighted three similarities in the list of 50 fintech enterprises, namely shareholding, services and location.
The popular media outlet elaborated on the things that are common among Fintech 50 companies”
“A couple things all our Fintech 50 2020 picks have in common: they’re private companies with operations or customers in the U.S., and they’re making it easier, faster and cheaper to use financial services.”
Of the 50 enterprises listed, 48 of them have headquarters in the US. The remaining two fintech players are London-based.