It also tied with cryptocurrency for the most new winners at 11. This category includes B2B providers of e-commerce and point-of-sale (POS) payments processing, APIs, payouts, cross-border payments, and more. This marks payments processing & networks’ second straight year as the top category by number of winners. Most-represented categories: The fintech categories comprising the most winners are payments processing & networks with 33 (13%), insurance with 25 (10%), cryptocurrency with 24 (10%), core banking & infrastructure with 19 (8%), and retail investing & wealth management with 17 (7%). The largest B2B fintech winners by valuation are Stripe ($74B internal valuation), ($40B), Plaid ($13.5B), and Brex ($12.3B). This has been driven in part by reports released this year citing the lack of neobank profitability as well as the visible struggle of public B2C fintech stocks like Robinhood, Coinbase, Affirm, and NuBank. The B2B-B2C split represents a broader shift in market sentiment away from consumer-facing fintechs. B2C: About two-thirds (64%) of this year’s Fintech 250 are B2B, and 36% are B2C. This is a strong focus for winners in emerging markets like India, South America (11 winners, 4%), and Africa (6 winners, 2%).įor example, 3 of this year’s first-time winners are building payment networks in Africa: MFS Africa, TeamApt, and Paga. Stemming from the broader theme of globalization comes localization - the practice of serving local markets and regions. The UK came in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%). Just over half (53%) of the selected companies are headquartered in the US, which is the fewest we’ve seen in the Fintech 250 since 2017. The winners represent 33 different countries (by headquarters location) across the globe - 7 more than last year. Global reach: Globalization is a key theme for this year’s Fintech 250. But when analyzing the data - including revenue, number of customers and customer growth, partnerships, and equity funding - most of these better-established fintech leaders remain on top. Some of the biggest names in the industry, like Stripe and Klarna, have certainly faced their fair share of obstacles, including layoffs and valuation cuts. Additionally, factors such as rising inflation, interest rate hikes, and struggling public tech stocks have made it more difficult for new entrants to make a splash in the already maturing fintech market. This has allowed them to retain their eligibility through multiple list rounds. Today, fintech leaders are staying private longer, especially amid this year’s market turmoil. Why is the new winner cohort so small? In the past, many winners would exit via IPO or M&A and lose eligibility for the list. That leaves only 90 new winners (36% of the list), the fewest ever since we started the Fintech 250. repeat winners: Nearly two-thirds (64%) of this year’s cohort are repeat winners: 144 were on last year’s list and 16 have made their way back onto the list after winning in a prior year. FINTECH 250 COHORT HIGHLIGHTSīelow are a few highlights from the Fintech 250 Class of 2022. If selected, you’ll be asked to complete our Analyst Briefing Survey so that our analysts can better understand your products, customers, and market traction. Want to be considered for future rankings? Fill out this initial application form (it’ll take no more than a few minutes). Categories in the market map are not mutually exclusive. )Ĭompanies are categorized by their primary focus area and client base. (If you don’t have a CB Insights login, create one here. Clients can access the entire Fintech 250 list and interactive Expert Collection here.
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