Which are the most influential FinTechs of 2022?

By Gaia Lamperti

The FinTech boom is taking the world by storm, from digital payment wallets to investment platforms and even online banking apps to help manage business operations. Currently, the industry is projected to be worth over £150 million in 2022, and with experts predicting this sum will surpass £175 million in 2024, new research has revealed the most influential FinTech giants in the world this year.

But which are the biggest and best FinTech companies in 2022 and where do the likes of Chime, OpenSea and Stripe rank when it comes to factors such as valuation, funding, social following, and online visibility?

A study carried out by Utility Bidder reveals the biggest FinTech companies of 2022, by looking at factors such as valuation, funding, social following, and online visibility, to award an overall FinTech index score.

It took into account 50 FinTech companies from Forbes’ 2022 Fintech on the above four factors, giving each one a normalised score out of ten for each factor, before coming up with an average final score across all four factors. So, which companies make the top 10?

The top 10 biggest FinTech companies of 2022

Last year we conducted a similar study, to find 2021’s most influential fintech businesses. The findings showed that the most influential fintech was Robinhood, beating out all the other FinTechs in terms of funding and Google searches.

Stripe, Kraken, Klarna and Wise rounded out the top five most influential FinTechs of last year. This year, Robinhood, along with Kraken, Klarna and Wise, did not appear on Forbes’ Fintech 50.

Stripe ranked in second place last year, falling to third place in this year’s ranking. In 2022, we see Chime ranking as the most influential FinTech, up six places from its position in our ranking last year.

What does the research tell us about the FinTech industry now?

• The research by Utility Bidder follows on from their report profiling the Influential Fintechs of 2021. Chime, Stripe, and Carta remain in the top 10 for 2022, however, last year’s most influential fintech – Robinhood – did not appear in Forbes’ Fintech 50 in 2022, along with Kraken, Klarna and Wise.
• Chime is the most influential company in the fintech market in 2022, returning a score of 7.22 out of 10 in our index. The personal finance giant ranks second for funding (£2 billion) and the latest valuation (£21.9 billion), behind Stripe and FTX respectively.
• Between the 50 fintech giants included in the study, an average Fintech score of 4.99 was awarded, with overall funding for the industry leaders standing at $28.9 billion.
• Trading in NFTs increased by 21,000% in 2021, and OpenSea – the world’s largest NFT marketplace – ranks second in the study. They boast the most Twitter followers (1.8 million), as well as receiving 2,889,600 Google searches in the last 12 months.
• The fintech company with the highest valuation is FTX; the Bahamian cryptocurrency firm is the only contender outside the US to feature in the top 10. The company is currently valued at a whopping £28 billion; Over 17 times more than its funding of £1.6 billion.