5 most valuable FinTechs in the world, according to Utility Bidder

By Gloria Methri

The FinTech industry is estimated to be worth over $130 billion as of 2022, with predictions of the valuation surpassing $400 billion by 2027. Utility Bidder has revealed which FinTech companies reached a $1 billion valuation the fastest this year, which companies are the most valuable, and which countries are home to the leading FinTech firms.

Let’s look at the top 5 most valuable FinTech companies in the world:

• Stripe

Stripe has been revealed as the most valuable FinTech company in the world, with a total valuation of $95 billion. Established in 2010, it took the company four years to achieve unicorn status in early 2014.

• Checkout.com

Checkout.com’s $40 billion valuation places it in second place. Founded in 2009, the company took 10 years to achieve unicorn status.

• Revolut

Tying up the top three is Revolut, with a $33 billion valuation. The FinTech company reached a $1 billion valuation in 2018, taking less than 3 years from launch.

• FTX 

FTX, which has the fourth-highest valuation of $32 billion, took only 811 days to achieve unicorn status. The crypto derivatives exchange firm was launched in 2019.

• Chime

Chime, one of the fastest-growing financial technology companies in the US, is valued at $25 billion. The decade-old firm joined the ranks of unicorns in 2019.

Utility Bidder’s research also revealed that PropTech start-up Pacaso reached unicorn status the fastest, taking less than six months to reach a valuation of $1 billion. It is followed by the Multi-Chain NFT Platform Magic Eden, which achieved the status in nine months.

The United States took the crown for FinTech capital of the world, being home to 132 companies with a unicorn status. As per the research, FinTech companies in the US make up over 50% of all companies on the list. The UK has the second-highest number of FinTechs valued at over $1 billion, with a total of 26. Except for one of these being based in Peterborough, all the rest are based in London.