How many fintech companies made the Fintech 50 this year?

Nine payments companies also made the Fintech 50 this year, compared with six last year. Still, there’s no denying that in today’s environment the youngest fintech startups face tough going. That explains why our 2023 list has only 19 companies that have never made the Fintech 50 before, down from 25 newcomers last year.

What is fintech & how does it work?

What is fintech? Fintech is a blend of “financial” and “technology”. It refers to any app, software, or technology that allows people or businesses to digitally access, manage, or gain insights into their finances or make financial transactions.

What are the different types of FinTech?

Fintech covers a wide range of use cases across business-to-business (B2B), business-to-consumer (B2C), and peer-to-peer (P2P) markets. The following are just some examples of the types of fintech that are changing the financial services industry.

What are the hottest fintech companies in 2022?

The annual Forbes Fintech 50 spotlights the hottest and largest companies in the industry. The 2022 list is topped by Stripe, a decade-old payment processor with a $95 billion valuation. In second place is Klarna, a 16-year-old Swedish firm that offers consumers financing for purchases at many major retailers; it was valued at $46 billion.