According to the CB Insights’ real time unicorn tracker there are 16 financial technology startups that have reached unicorn status, i.e. are valued at more than $1B. The aggregate valuation of all 16 of these fin tech companies equals almost $49B, which is roughly 10% of the aggregate value of all 130 unicorns as of August 27, 2015.
We used CB Insights’ data to list each of the fin tech unicorns’ valuation, total funding, and notable investors. Included in the list below are San Francisco-based Square and Stripe, both backed by Sequoia Capital, and several other prominent investors. For a full breakdown of the list — which spans payments, HR management, and lending platforms, among other categories — see below.
1. Lufax
Valuation: $10B
What they do:
- The company has two diversified online lending platforms: one, a lending service catered to individuals and small and medium-sized businesses; and second, a specialized financing service catering to institutional investors, corporates, and qualified individual investors.
- The Lufax platform has arranged over 200,000 peer-to-peer loans worth $2.5B
Country: China
Total Funding: $485M
Select Investors: CDH Investments, China International Capital Corporation, BlackPine Private Equity Partners, Ping An Insurance
2. Square
Valuation: $6B
What they do:
- Square is a popular payments startup best known for its credit card-reading devices which help facilitate transactions between buyers and sellers.
- The company is expanding its services and software offerings. In May 2014, the company launched Square Capital, a new product that provides loans to existing customers who need access to cash quickly, it has extended $225M in financings to sellers since launching and currently loans over $1M per day.
Country: United States
Total Funding: $717M
Select Investors: First Round Capital, Citi Ventures, GGV Capital
3. Stripe
Valuation: $5B
What they do:
- Stripe is a payments platform that gives online merchants the ability to accept credit card payments and connect to its API in order to further improve and customize their payments services and management.
- In March 2015, the company launched Stripe Connect, a service geared to large marketplaces and platforms.
- Some of Stripe’s customers include Lyft, Shopify, Kickstarter and many more.
Country: United States
Total Funding: $190M
Select Investors: Khosla Ventures, Lowercase Capital, Redpoint Ventures
4. Zenefits
Valuation: $4.5B
What they do:
- Zenefits is an HR platform that has been dubbed one of the fastest-growing SaaS companies ever, and among other things offers businesses quotes on life and health insurance policies.
- David Sacks, the former Yammer chief executive officer, joined Zenefits as the COO in December 2014.
Country: United States
Total Funding: $584M
Select Investors: SV Angel, Institutional Venture Partners, Venrock
Valuation: $4B
What they do:
- Social Finance, a marketplace lender and the US market’s largest provider of student loan refinancing has completed roughly $3B in loans as of June 2015.
- Services over 2,200 schools, both undergraduate and graduate students.
Country: United States
Total Funding: $1.54B
Select Investors: Baseline Ventures, Doll Capital Management, Institutional Venture Partners
6. Credit Karma
Valuation: $3.5B
What they do:
- Allows consumers to track their credit scores and manage credit information, and has over 40M members currently using the product.
- The user base already accounts for roughly 16% of Americans who have an open credit file with one of the three primary credit bureaus.
Country: United States
Total Funding: $369M
Select Investors: Felicis Ventures, SV Angel, Founders Fund
Valuation: $2.7B
What they do:
- Founded in 2007 by e-commerce industry veteran Dan Wagner (founded M.A.I.D), Powa provides payment and infrastructure tech to the e-commerce industry. They recently raised an $80M Series B from Wellington Management, which is also investor in fin tech unicorns Klarna (8th on this list) and Social Finance (5th on this list).
Country: United Kingdom
Total Funding: $177M
Select Investors: Bright Station Ventures, Wellington Management
8. Adyen
Valuation: $2.3B
What they do:
- Headquartered in Amsterdam, Adyen processed $25B in payments transactions through its platform in 2014.
- Adyen’s payment platform now powers payments for Uber in over 50 countries. Some of their other customers include Facebook, Spotify, and Airbnb.
Country: Netherlands
Total Funding: $266M
Select Investors: Felicis Ventures, Index Ventures, Temasek Holdings
9. Klarna
Valuation: $2.25B
What they do:
- Klarna helps retailers process payments. Klarna’s hook is that their tech can provide certain consumers the option to pay later based on their creditworthiness.
- Sweden-based Klarna operates in 18 countries and has had over 35M consumers use their service; most recently, Klarna struck a deal with Overstock to power the e-commerce giant’s mobile payments.
Country: Sweden
Total Funding: $289M
Select Investors: Institutional Venture Partners, Sequoia Capital, General Atlantic
Valuation: $2B
What they do:
- One97 Communications is an India-based mobile internet company. Their main brand, Paytm, is a mobile wallet service and marketplace where users can upload cash and pay for things like utility bills and taxis, among other items.
- The Paytm service has reached 20M users on its wallet.
Country: India
Total Funding: $585M
Select Investors: Intel Capital, Sapphire Ventures, Alibaba Group
Valuation: $1.9B
What they do:
- Prosper is a US-based peer-to-peer lending marketplace that connects people who want to borrow money with people who want to invest it.
- The company has over 2M members and completed over $4B in funded loans.
Country: United States
Total Funding: $355
Select Investors: Accel Partners, DAG Ventures, Draper Fisher Jurvetson
12. TransferWise
Valuation: $1B
What they do:
- Founded by Taavet Hinrikus, the first employee to join Skype, London-based TransferWise has developed a technology to transfer money overseas with minimal fees.
Country: United Kingdom
Total Funding: $90M
Select Investors: IA Ventures, Index Ventures, SV Angel
Valuation: $1B
What they do:
- China Rapid Finance is a marketplace for loans that enables China’s growing middle class simple access to credit.
- As of July 2015, the company had issued more than $2.5M in loans.
Country: China
Total Funding: $35M
Select Investors: Broadline Capital, UBS
14. Coupa Software
Valuation: $1B
What they do:
- Coupa, the “savings-as-a-service” cloud company, offers a cloud-based system to help companies track expense reports, procurement contracts, invoices, inventory contracts, and other functions to better control costs.
- The company expanded rapidly in Q2’15, with 80% YoY growth in new customers.
Country: United States
Total Funding: $169M
Select Investors: Battery Ventures, Iconiq Capital, T. Rowe Price
15. Funding Circle
Valuation: $1B
What they do:
- The London-based lending service targets the small-business loan market and has already loaned roughly $1B to its customers.
- In January 2015, the company launched Funding Circle Securities, a new service enabling individual investors to buy pieces of business loans with a variety of terms and coupon rates.
Country: United Kingdom
Total Funding: $273M
Select Investors: Accel Partners, Index Ventures, Ribbit Capital
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