From FTX to OpenSea, crypto companies dominate the list of the top 10 fintech companies in 2022

Blockchain, October 2nd: The term "Fintech" has been mentioned quite frequently in recent years. As the name implies, it is to provide financial products and services to consumers through technological means. It has to be said that financial technology is quietly changing the traditional financial industry. From digital payment wallets to investment platforms to online banks, the shadow of financial technology is everywhere in people's lives.

With the booming development of the fintech industry, industry experts predict that the valuation of the fintech industry will exceed 150 billion pounds in 2022, and this figure will exceed 175 billion pounds by 2024. On this occasion, Utility Bidder has studied the valuations, financing amounts, social attention and online popularity of major fintech companies, and compiled a list of the world's most influential fintech giants.

Research shows that in 2021, Robinhood was far ahead of other fintech companies in terms of funding and search frequency, becoming the most influential fintech company, while Stripe, Kraken, Klarna and Wise followed closely behind, occupying the top five positions. However, in 2022, this list has undergone earth-shaking changes. Except for Stripe, other fintech companies have not been on the list again. Now, let's take stock of the top ten new fintech companies in 2022.

1. Chime

Founders: Chris Britt, Ryan King

Year founded: 2013

Total funding: $2.3 billion

Chime is currently valued at $25 billion, making it the big winner in the fintech sector and one of the most influential technology companies in 2022. The company's vision is to help millions of Americans achieve financial security. It relies on rapidly developing financial technology to provide users with useful, simple and free banking services. At the same time, it also cooperates with local banks to launch member-based financial products, providing better and lower-cost options that are more competitive than traditional banks.

In August 2021, Chime completed a $750 million round of financing, led by Sequoia Capital Global Equities, with participation from SoftBank Group Corp.'s Vision Fund 2, General Atlantic, Tiger Global Management LLC and Dragoneer Investment Group LLC.

2. OpenSea

Founders: Alex Atallah, Devin Finzer

Year founded: 2017

Total funding: $427 million

OpenSea is a peer-to-peer platform for trading crypto collectibles and NFTs, and is also known as the world's first and largest Web3 market for NFTs and crypto collectibles. On OpenSea, anyone can buy or sell collectibles, in-game items, and virtual goods supported by blockchain through smart contracts. In January this year, the platform completed a $300 million round of financing, led by Paradigm and Coatue Management, with a valuation of up to $13.3 billion.

3. Stripe

Founder: John Collison

Year of establishment: 2010

Total funding: $2.2 billion

Stripe, headquartered in San Francisco, is a financial technology company that provides economic infrastructure. From small startups to large listed companies, the company handles complex global businesses such as online payments and commercial loans for companies of all sizes. In addition to providing economic infrastructure, Stripe has also launched a variety of new businesses, such as crowdfunding markets, fraud prevention, and analytical applications. Currently, Stripe is valued at $68.4 billion and works closely with giants such as Apple, Google, Alipay, and Tencent to continuously innovate in its business.

4. Brex

Founders: Henrique Dubugras, Pedro Franceschi

Year founded: 2017

Total funding: $1.1 billion

Brex is a fintech company that provides services to growing companies. It focuses on issuing smart corporate credit cards to startups to solve the problem that startups find it difficult to meet the requirements of traditional banks for corporate credit cards. In addition, Brex also provides companies with integrated payment flow, order, expenditure analysis and other services to help companies identify risks in a timely manner and provide avoidance suggestions. The company is currently valued at $12.3 billion.

5. TripActions

Founders: Ariel Cohen, Ilan Twig

Year of establishment: 2015

Total funding: $912 million

TripActions, a fintech company headquartered in California, provides business travel booking, expense management and virtual card products to enterprises. It uses real-time data to help companies ensure the safety of traveling employees, reduce expenses and improve work efficiency. Currently, TripActions has more than 5,000 customers worldwide and is valued at US$7.3 billion.

6. Carta

Founders: Henry Ward, Manu Kumar

Year of establishment: 2012

Total funding: $1.1 billion

Carta, a San Francisco-based fintech company, has developed tools for startups to manage equity, helping shareholders, employees, auditors and legal advisors to participate in equity management electronically and digitizing paper stock certificates, stock options, warrants and derivatives. The company is currently valued at $7.4 billion and recently acquired London fintech startups Vauban and Capdesk.

7. FTX

Founders: Gary Wang, Sam Bankman-Fried

Year founded: 2018

Total funding: $1.7 billion

FTX, a cryptocurrency exchange headquartered in the Bahamas, is also on the list this year. The exchange offers a range of digital asset derivatives, including industry-first derivatives, options, volatility products and leveraged tokens, supporting all major cryptocurrencies, leveraged tokens and over-the-counter quarterly and perpetual futures. FTX is the only non-US fintech company on the list and is currently valued at $32 billion.

8. Chainalysis

Founders: Jan Moller, Jonathan Levin, Michael Gronager

Year founded: 2014

Total funding: $537 million

Chainalysis, a blockchain data platform headquartered in New York, provides blockchain data analysis for multiple governments, banks and companies around the world, and also designs and develops anti-money laundering software for Bitcoin companies. In addition, Chainalysis also provides activity monitoring reports and due diligence tools for financial institutions to help analysts detect new cyber threats in a timely manner. Just a few months ago, Chainalysis completed a $170 million Series F financing round, led by Singapore's sovereign wealth fund GIC, with a valuation of $8.6 billion.

9. Fireblocks

Founders: Idan Ofrat, Michael Shaulov, Pavel Berengoltz

Year founded: 2018

Total funding: $1 billion

Fireblocks, the world's leading digital asset and cryptocurrency infrastructure platform, provides a reliable infrastructure for the transfer, storage, and issuance of digital assets. Exchanges, custodians, banks, hedge funds, lending departments, trading departments, etc. can all safely expand their digital asset businesses through the Fireblocks network facilities.

Earlier this year, Fireblocks completed a $550 million Series E financing round led by D1 Capital Partners and Spark Capital, with participation from General Atlantic, Index Ventures, Mammoth, CapitalG, Altimeter, Iconiq Strategic Partners, Canapi Ventures and Parafi Growth Fund. Fireblocks was valued at more than $8 billion in this financing.

10. Circle

Founders: Jeremy Allaire, Sean Neville

Year founded: 2013

Total funding: $1.1 billion

Circle is a global Internet finance company that uses blockchain technology and is driven by crypto assets. The company provides users with an online platform that allows them to quickly and easily remit money, while also combining blockchain technology with Circle Pay to simplify and improve the way users remit money. Not only that, Circle has also launched a digital investment platform, Circle Invest, where users can trade virtual currencies immediately without paying any fees. Earlier this year, Circle completed a $400 million round of financing with a valuation of $9 billion.