List of Fintech Companies (2024)

Fintech is a combination of the words “financial” and “technology”. It is at the forefront of financial innovation, with companies developing novel approaches to transforming traditional financial services. Fintech firms use cutting-edge technologies such as AI and blockchain to transform money management, transactions, and investing.

Fintech’s impact extends to investment management via robo-advisors, which offer algorithm-driven financial advice and investment strategies at a fraction of traditional costs.

Some facts about Fintech

Here are some interesting facts about Fintech:

• The United States is home to the largest fintech companies worldwide by market capitalization. This includes Visa, Paypal, and Mastercard. and more. Visa and Mastercard, both have headquarters in the United States, with a market capitalization of roughly 520 and 396 billion U.S. dollars.
• The number of fintech startups has more than doubled since 2019.
• Despite reaching a peak of $210 billion in 2021, it experienced a 50% decline in the first half of 2023.
• Around 90% of Chinese citizens utilize fintech services, exhibiting its potential to improve financial inclusion.

List of Fintech Companies:

Here is a list of top Fintech Companies in 2024 along with their year of foundation and which company is public or private.

Company Name	Year of Est.	Founder & CEO	Status
Visa	1958	Dee Hock, Ryan Mclnerney	public
Mastercard	1966	Michael Miebach	public
Intuit	1983	Scott Cook, Tom Proulx, Sasan Goodarzi	public
Tencent (Fintech business)	1998	Pony Ma, Tony Zhang, Xu Chenye, Charles Chen, Zeng Liqing	private
Fiserv	1984	Leslie Muma, George Dalton, Frank Bisignano	public
Ant Financial	2014	Jack Ma, Eric Jing	private
Paypal	1998	Ken Howery, Max Levchin, Luke Nosek, Yu Pan, Peter Thiel, Elon Musk, Harris Fricker, Christopher Payne, Ed Ho, Alex Chriss	public
Stripe	2010	Patrick Collison, John Collison	private
Nubank	2013	David Vélez, Edward Wible, Cristina Junqueira	public
Square	2009	Jack Dorsey, Jim McKelvey, Tristan O’Tierney	public
Adyen	2016	Arnout Schuijff, Pieter van der Does	public
Coinbase	2012	Brian Armstrong, Fred Ehrsam	public
Chime	2012	Chris Britt, Ryan King	private
Polygon	2017	Kanani, Sandeep Nailwal, Quinton Pike	public
Revolut	2015	Nikolay Storonsky, Vlad Yatsenko	public
Ripple	2012	Chris Larsen, Jed McCaleb, Brad Garlinghouse	public
Blockchain.com	2011	Peter Smith, Ben Revees, Nicolas Cary	public
Plaid	2013	Zach Perret, William Hockey	public
Affirm	2012	Max Levchin	public
Opensea	2017	Devin Finzer, Alex Atallah	public
UIPath	2005	Daniel Dines, Marius Tîrcă	public
Brex	2017	Henrique Dubugras, Pedro Franceschi	public
Deel	2018	Alex Bouaziz, Shuo Wang, Dan Westgarth	public
Grab	2012	Anthony Tan, Tan Hooi Ling	public
Xero	2006	Rod Drury, Sukhinder Singh Cassidy	public
Bolt	2013	Markus Villig, Martin Villig	public
Ally Financial	1919	William C. Durant, Jeffrey J. Brown	public
KuCoin	2017	Johnny Lyu	public

Top Fintech Companies in India

Here is a list of top Fintech companies in India in 2024 along with the fundings raised.

Fintech Company	Funding Raised (USD Million)
Paytm	$5,000.00
Lendingkart	$215.40
MoneyTap	$82.40
Instamojo	$14.00
Razorpay	$385.00
Shiksha Finance	$33.90
Pine Labs	$911.20
ZestMoney	$117.60
PolicyBazaar	$616.60
InCred	$177.20

List of Fintech Companies – FAQs

What is the biggest challenge for fintech?

The biggest challenge for the fintech companies are the User experience on their platform and user retention

What are the limitations of fintech?

One of the major limitations of the fintech industry is data security and lack of tech experts of the industry.

How does fintech affect the economy?

FinTech increases labor productivity, which is defined as output per worker or hour worked, and thus promotes economic growth.

How is AI used in fintech?

According to research, about 56% of fintech companies use AI for risk control.

What is the rank of India in fintech?

Globally, India is ranked 3rd in the fintech industry

Which is the first fintech company in India?

Paytm is the first fintech company of India started in 2010.

Who’s policing fintech in India?

A branch of the RBI named as SRO is regulating fintech companies in india.

What is the main goal of fintech?

The main aim of the fintech is transform the financial services from older form to the new digital form

How does fintech make money?

Subscriptions, third-party payments, fees, commissions, advertising, data monetization, and partnerships all generate revenue for fintechs.

Can fintech replace banks?

It is not possible to transform the banks but fintech and banks can work together to provide better customer experience.