The Fintech Billion - Utility Bidder

The Fintech Billion

Which fintech companies reached a $1 billion valuation the quickest?

The internet has revolutionised the way we spend money. It is now easier than ever to log onto a website and spend money from the comfort of your own home. With the growth of internet sales and online payments, we saw the introduction of financial technology, which made these processes simpler for businesses and consumers.

As a business gas provider, we know how important it is to not only spend your money wisely but also how important it is to save money where you can. Finding the best deals on your business electricity prices can help you invest in the right areas to help grow your business.

That’s why we wanted to find out which fintech companies grew the quickest to reach a $1 billion valuation, which fintech companies are the most valuable, and which countries are home to the most fintech companies.

The Most Valuable Fintech Companies

The fintech sector is worth a huge amount of money. So we wanted to find out which companies are responsible for driving that figure so high.

1. Stripe

$95 billion valuation

The most valuable fintech company in the world is Stripe, with a valuation of $95 billion. The San Francisco-based company achieved their unicorn status at the beginning of 2014, four years after they were founded. Stripe is the most valuable fintech company by some margin too, with their valuation more than twice as high as any other fintech company in our list.

2. Checkout.com

$40 billion valuation

Checkout.com takes second place in our list of the most valuable fintech companies, with a $40 billion valuation. It took the London based company around 10 years to achieve the coveted unicorn status after the company was founded in 2009.

3. Revolut

$33 billion valuation

Completing our top three is Revolut, which has a $33 billion valuation. Revolut launched in July 2015, and reached a $1 billion valuation in April of 2018. Revolut helps its customers save and offers exclusive discounts on a number of different websites.

The Top 50 Most Valuable Fintech Companies

Rank

Company

Country

City

Days Took to Become Unicorn Company

Date Founded

Date Joined

Select Investors

Valuation ($B)

Which companies took less than a year to reach a $1 billion valuation

In business terms, a unicorn is a privately held company that is valued at $1 billion or more. We wanted to find out which companies required the least amount of time to achieve this status.

1. Pacaso

174 days

taken to reach $1 billion valuation

Pacaso took the crown for the quickest company to become a unicorn company, taking less than half a year to reach a $1 billion valuation. Pacaso was founded in October 2020 and reached $1 billion in March of the following year. Pacaso helps homeowners buy a second property, and recently expanded their business from the United States to Spain.

2. Magic Eden

277 days

taken to reach $1 billion valuation

Magic Eden took second place, with the company taking less than a year to reach a $1 billion valuation. Magic Eden is an NFT marketplace which allows people to create and sell their art. The company launched on the 17th of September, before achieving their unicorn status in June of the following year.

3. Zebec

301 days

taken to reach $1 billion valuation

Zebec completes our top three with the company taking 301 days to achieve its status as a unicorn company. Zebec was founded in November of 2021, and reached a $1 billion status the following year in August. Zebec focuses on DeFi, otherwise known as decentralised finance, which removes third parties from transactions.

Top companies took less than a year to reach a $1 billion valuation

Rank

Company

Country

City

Valuation($B)

Date Founded

Date Joined

Select Investors

Days Took to Become Unicorn Company

The Fintech Capitals of the World

We’ve discovered where each fintech company was founded to reveal the fintech capital of the world.

1. United States

132

fintech companies

The United States is crowned the fintech capital of the world, with 132 companies with a valuation of $1 billion or more. The fintech companies in America make up over 50% of all the companies on our list. Of the 132 companies in the US, 47 of these are in San Francisco.

2. United Kingdom

26

fintech companies

The United Kingdom takes second place with 26 different companies with a valuation of more than $1 billion. Apart from one company based in Peterborough, all are based in the capital city, London.

3. India

17

fintech companies

India completes our top three with 17 fintech companies valued at more than $1 billion. The most recent of these companies to achieve a $1 billion valuation was CredAvenue, which achieved this status in July 2022.

Zoom

Rank

Company

No. of fintech companies

Methodology

We collated our list of fintech unicorn companies from CB Insights. We also got the date they achieved a $1 billion dollar valuation, their location, as well as their estimated value from here.

We used Wikipedia and Crunchbase, as well as the company websites to discover the date each company was founded, before calculating the number of days it took to be established as a unicorn company. If only the year was given for when the company was founded, we used the 1st of January for calculation purposes.

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