Six Out of Top 50 Fintech Companies are in Blockchain
Thursday, 02 13 2020, Category: Technology, Country: World
Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies.
Carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple amongst its top 50 fintech list for 2020, released on Feb. 12.
Other contenders on the list included companies such as Plaid, Opendoor and Lemonade, categorized under payments, real estate and insurance respectively.
Spanning an array of categories within fintech, Forbes composed its 2020 list alphabetically.
Among the six blockchain and crypto-related categories, crypto exchange powerhouse Coinbase touted the most funding, at $525 million. Ripple came in second place with $293 million. Everledger posted the smallest funding base among listed crypto firms, at $20 million.
Forbes noted three similarities for the 50 fintech companies listed regarding shareholding, location and services.
“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,” the media outlet explained.
Of the 50 businesses listed, 48 call the U.S. home. The two remaining fintech players are based in London in the U.K.