The 10 Biggest Fintech Companies in America

The 10 Biggest Fintech Companies in America

Financial technology companies in the U.S. raised $3.5 billion in the first half of 2017, according to KPMG, as investors rushed to place bets in buzzy sectors like insurance and digital currencies.

The U.S. is now home to 13 fintech unicorns who have scored valuations of at least $1 billion. This year alone, Robinhood (free trading), AvidXChange (automated invoicing for small businesses) and Symphony (Wall Street messaging platform) all joined the billion-dollar club.

Here are the ten most valuable private venture-backed fintech players based in the U.S.:

1. Stripe

Value: $9.2 billion*

Founded: 2010

Founders: Patrick and John Collison

CEO: Patrick Collison

Allows merchants to accept online and mobile payments

2. SoFi

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

Value: $3.6 billion

Founded: 2006

Founders: David Zalik, Larry Smith

CEO: David Zalik

Provides on-the-spot financing for home-improvement projects via its network of contractors. (For more, check out Forbes’ cover story on GreenSky.)

4. Credit Karma

Value: $3.5 billion

Founded: 2007

Founders: Kenneth Lin, Nichole Mustard, Ryan Graciano

CEO: Kenneth Lin

Offers free credit scores and recommendations for credit cards and loans

5. Oscar

Value: $2.7 billion

Founded: 2013

Founders: Josh Kushner, Mario Schlosser, Kevin Nazemi

CEO: Mario Schlosser

Makes it simpler to buy and use health insurance under Obamacare

6. Avant

Value: $2 billion

Founded: 2012

Founders: Al Goldstein, John Sun, Paul Zhang

CEO: Al Goldstein

Makes quick online loans to consumers with lower credit scores

7. Zenefits

Value: $2 billion

Founded: 2013

Founders: Parker Conrad, Laks Srini

CEO: Jay Fulcher

Sells a cloud-based human resources platform for businesses

8. Prosper

Value: $1.9 billion

Founded: 2005

Founders: Chris Larsen, John Witchel

CEO: David Kimball

Connects borrowers and investors for unsecured personal loans

9. AvidXchange

Value: $1.4 billion

Founded: 2000

Founders: Michael Praeger, David Miller

CEO: Michael Praeger

Automates invoicing and bill payments for businesses

10. Robinhood

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

*Valuations are from PitchBook and CB Insights.

Source: The 10 Biggest Fintech Companies In America – Forbes

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