How many fintech companies are there? (2024)

How many fintech companies are there?

As of 2023, the fintech space is worth over $226 billion. There are approximately 30,000 fintech startups.

How many fintech companies are in the US?

Here is a table showing the number of Fintech Startups in the United States from 2022 to 2023. Fintech startups increased by over 50% in the last two years ( from 12,000 fintech startups to 26,000).

How big is the fintech industry?

The global fintech market size was USD 257.26 billion in 2022. It is expected to reach USD 882.30 billion by 2030. How fast is fintech market growing? The fintech market will exhibit a CAGR of 17% during the forecast period, 2023-2030.

Who is the biggest fintech company?

Visa and Mastercard are the two biggest fintech firms by market value, with a collective market capitalization of $800.7 billion. China is home to the second-most highly valued fintech industry, with its financial technology giants worth a combined $338.92 billion in total market capitalization.

Which state has the most fintech companies?

Which country has the biggest fintech industry?

Leading fintech companies

Most fintech companies originate from the United States and China, and these two countries were also home to eight out of the 10 largest fintech companies worldwide in January 2024.

Which city has the most fintech companies?

San Francisco, United States

San Francisco continues to stand at the top of Fintech innovation, maintaining its lead as the global startup city for fintech startups. The city's enduring position highlights the continued strength of Silicon Valley and its pivotal role in shaping the future of financial technologies.

How big is the fintech industry in the US?

US Fintech Market Analysis

The United States Fintech market reached a size of USD 4 trillion in the current year and registered a CAGR of 11% over the period of the forecast.

What is the most valuable fintech?

Why is fintech so big?

One of the main reasons for this continued growth is the increasing number of unbanked or underbanked people. According to a report from the World Bank, 1.7 billion adults worldwide do not have a bank account. Fintech companies have an extraordinary opportunity to provide these people with access to financial services.

Is JP Morgan a fintech company?

The team has capabilities across strategy, fintech, partnership development, product management and engineering. With a global footprint spanning New York, London and Hong Kong, the team strives to rapidly develop unique and transformative offerings for clients.

Is PayPal a fintech?

Yes, PayPal is a fintech company. In fact, PayPal is one of the largest fintech companies in the world, and it was also one of the first companies to operate in the space. The company is a global giant that has changed how many of us transact online.

How does fintech make money?

Fintech companies make money through various methods, including P2P lending, e-wallets, crowdfunding, crypto-trading, subscription-based models, APIs, advertising, and robo-advising. In this section, we'll explore some of the most popular revenue models used by fintech companies.

Which is the fastest growing fintech market in the world?

What is the fintech capital of the world?

San Francisco Named the Fintech Capital of the World.

How many employees work for fintech?

The Fintech industry employs over 300,000 people worldwide.

Who is fintech Unicorn?

The largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion).

What is a unicorn in fintech?

In business, a unicorn is a startup company valued at over US$1 billion which is privately owned and not listed on a share market. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.

Where are top 3 emerging fintech hubs in usa?

San Francisco, California. Los Angeles, California. New York, New York.

What industry does fintech fall under?

From 2018 or so to 2022, there was a shift to consumer-oriented services. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management, to name a few. Fintech also includes the development and use of cryptocurrencies, such as Bitcoin.

Who governs fintech?

In addition to the federal banking agencies, other federal regulators play an important role in regulating the impact and influence of Fintech. The Consumer Financial Protection Bureau (“CFPB”) supervises and enforces compliance with many federal consumer financial protection laws that impact Fintech.

Where are most FinTech companies located in USA?

Core Hubs: The Bay Area and New York City

Fintech headquarters of note in these core hubs include Paypal, Robinhood, Intuit, Credit Karma, Mercury, FalconX, Square, Stripe, Plaid (Bay Area); and Lemonade, MoneyLion, Chainalysis, Ramp, Guava (NYC).

What is the outlook for FinTech 2024?

For Fintech, 2024 will be a year of both consolidation and innovation. AI-driven solutions will continue to propel the sector forward, making significant advancements in fraud reduction and automated accounting solutions, while cross-border and real-time payment systems will continue to evolve.

Is FinTech a 4.0 industry?

Robo-advisors, algorithmic trading, and AI-driven risk assessment are examples of how FinTech is leveraging technology to achieve unprecedented levels of efficiency. These advancements are in line with the objectives of Industry 4.0, which aims to automate and optimise processes through the use of smart technologies.

Does fintech pay a lot?

As of Feb 11, 2024, the average annual pay for a Fintech in the United States is $123,495 a year.