Related Articles for you
- What You Need to Know About Moving Insurance and Its Importance
- 7 Credible Methods to buy Bitcoin with PayPal in 2023
- A Beginner’s Guide on How to Buy Bitcoin with PayPal
Fintech Companies in the U.S. raised $3.5 billion in the first half of 2017, as investors rushed to place bets in buzzy sectors like insurance and digital currencies.
The U.S. is now home to 10 fintech unicorns that have scored valuations of at least $1 billion. This year alone, Robinhood free trading (automated invoicing for small businesses) and Symphony all joined the billion-dollar club.
Top ten most valuable fintech players based in the U.S
1. Stripe
This is an Irish-American financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States, and Dublin, Ireland. The company primarily offers payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile applications.
Value: $9.2 billion*
Founded: 2010
Founders: Patrick and John Collison
CEO: Patrick Collison
Allows merchants to accept online and mobile payments
2. SoFi
SoFi Technologies which is commonly known as SoFi is an American online personal finance company and online bank. the head office is based in San Francisco, They provide financial products including student and auto loan refinancing, mortgages, personal loans, credit cards, investing, and banking through both mobile app
Value: $4.3 billion
Founded: 2011
Founders: Mike Cagney, Dan Macklin, James Finnigan,
Ian Brady, Andy Carra
CEO: Mike Cagney
Offers student loan refinancing and other services to Millennials
3. GreenSky
GreenSky is a financial technology company founded in 2006 based in Atlanta, Georgia. The company provides technology to banks and merchants to make loans to consumers for home improvement, solar, healthcare, and other purposes. Financing for GreenSky credit programs is provided by federally insured,
Value: $3.6 billion
Founders: David Zalik, Larry Smith
CEO: David Zalik
Provides on-the-spot financing for home-improvement projects via its network of contractors.
4. Credit Karma
Credit Karma is an American multinational personal finance company founded in 2007, which has been a brand since December 2020. It is best known as a free credit and financial management platform, but its features also include monitoring of unclaimed property databases and a tool to identify
Value: $3.5 billion
Founders: Kenneth Lin, Nichole Mustard, Ryan Graciano
CEO: Kenneth Lin
Offers free credit scores and recommendations for credit cards and loans
5. Oscar
Oscar is a new health insurance company that sells simple-to-understand health insurance plans to consumers both directly and through health exchanges. Unlike traditional health. Oscar is the first health insurance company built around a full-stack technology platform and a relentless focus on serving our members. We founded Oscar in 2012 to create the kind of health insurance company we would want for ourselves.
Value: $2.7 billion
Founders: Josh Kushner, Mario Schlosser, Kevin Nazemi
CEO: Mario Schlosser
Makes it simpler to buy and use health insurance under Obamacare
6. Avant
Avant formerly AvantCredit, is a private Chicago, Illinois-based in the US company in the financial technology industry. The company was established in 2012 by serial entrepreneur Albert “Al” Goldstein, John Sun, and Paul Zhang. Initially structured as a mid-prime lender, the company issued its first personal unsecured loan in early 2013 using its proprietary technology. Net income: US$−15.7 million, Revenue: US$316.7 million, Number of employees: 550 (2018), and Value: $2 billion
Founders: Al Goldstein, John Sun, Paul Zhang
CEO: Al Goldstein
Makes quick online loans to consumers with lower credit scores
7. Zenefits
Zenefits is a technology company based in San Francisco, that offers cloud-based software as a service to companies for managing their human resources, with a particular focus on helping them with payroll and health insurance coverage.
Value: $2 billion
Founded: 2013
Founders: Parker Conrad, Laks Srini
CEO: Jay Fulcher
Sells a cloud-based human resources platform for businesses
8. Prosper
Prosper is a Marketplace Company based in San Francisco, California in the peer-to-peer lending industry. Prosper Funding one of its subsidiaries, operates a website where individuals can either invest in personal loans or request to borrow money.
Value: $1.9 billion
Founded: 2005
Founders: Chris Larsen, John Witchel
CEO: David Kimball
Connects borrowers and investors for unsecured personal loans
9. AvidXchange
AvidXchange the company is a provider of solutions for the automation of settlements with suppliers and payments for the middle market. The Company is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle-market businesses and their suppliers.
Value: $1.4 billion
Founded: 2000
Founders: Michael Praeger, David Miller
CEO: Michael Praeger
10. Robinhood
Robinhood Markets is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds, and cryptocurrencies via a mobile app introduced in March 2015. Robinhood is a FINRA-regulated broker-dealer
Value: $1.3 billion
Founded: 2013
Founders: Baiju Bhatt, Vladimir Tenev
Co-CEOs: Baiju Bhatt, Vladimir Tenev
Offers free trades of stocks and ETFs via mobile app
Top 10 Biggest Fintech Companies in America
