At FintechLIVE, we maintain a list of 21st century fintech unicorns* and update it at least monthly (full list here).

Unicorn count:

Beginning = 107
+ 6 unicorns (born this month)
+ 2 unicorns (born earlier, but just added to our list**)
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Total = 115

New in October:

Newborns:

Previously unrecognized:

  • HealthEquity: The HSA (Health Savings Account) giant went public in 2014 and is currently valued at $4B
  • Tinkoff Bank (TCS: LI): Public company founded in 2006 serving the Russian market. Tinkoff currently has a market cap of $5.1B and was recently offered $5.5B by Yandex, though that deal ultimately fell through. Tinkoff has been valued at greater than a billion since 2016.

Other significant changes:

  • Lufax: The Chinese online lender went public Oct 30 and is worth $30B based on current trading, a 20% decline from its latest private-company valuation of $39B
  • Root: The high tech auto insurer went public Oct 28, and is now trading at a $5.8B valuation

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Full Fintech Unicorn list (values as of 2 Nov 2020)

RankCompanyValue (US$ Billion)Status
1PayPal$214Public
2Ant150Private
3Square70Public
4Adyen54Public
5Stripe35Private
6Lufax30Private
7AfterPay28Public
8Lakala27Public
9WeBank21Private
10One97 (PayTM)16Private
10Stone16Public
10Xero16Public
13Chime14.5Private
14Robinhood12Private
15Klarna11Private
16Nubank10Private
16Ripple10Private
18Coinbase8.0Private
19Jiedaibao7.8Private
20Bill.com7.6Public
21OneConnect (PingAn)7.4Public
22Nuvei7.2Public
23Credit Karma7.1Exit
24nCino6.5Public
25Greensill6.0Private
26Root Insurance5.8Private
27Duck Creek Software5.6Public
28Checkout.com5.5Private
28Revolut5.5Private
30Plaid5.3Exit
31Tinkoff Bank5.1Public
32Affirm5.0Private
32Q2 Holdings5.0Public
32TransferWise5.0Private
35Toast4.9Private
36Marqeta4.3Private
36SoFi4.3Private
36HealthEquity4.3Public
36Virtu Financial4.3Public
40Better.com4.0Private
41Gusto3.8Private
42Assurance3.5Exit
42N263.5Private
44Lemonade3.3Public
45Oscar Health3.2Private
46BGL Group3.0Private
46China UnionPay3.0Private
46Circle Internet Financial3.0Private
46Devoted Health3.0Private
50GreenDot2.9Public
50OVO2.9Private
52OakNorth2.8Private
53Brex2.6Private
53Toss (Viva Republica)2.6Private
55Lifelock2.3Exit
56iZettle2.2Private
57Cardlytics2.1Public
58Avant2.0Private
58AvidXchange2.0Private
58FirstP2P2.0Private
58Waterdrop2.0Private
58Zenefits2.0Private
58Tipalti2.0Private
64Airwallex1.8Private
64BillDesk1.8Private
66Blend1.7Private
66Carta1.7Private
66Mercury1.7Exit
66Wefox1.7Private
70Monzo1.6Private
71GoHealth1.5Exit
71Hippo1.5Private
71PineLabs1.5Private
71PolicyBazaar1.5Private
71Remitly1.5Private
71WorldRemit1.5Private
71Fawry1.5Public
78CGTZ1.4Private
79Atom Bank1.3Private
79Sezzle1.3Public
79BillTrust1.3Private
82Clover Health1.2Private
82dLocal1.2Private
82Figure1.2Private
82Galileo1.2Exit
82Greenlight1.2Private
82Rapyd1.2Private
82Zuora1.2Public
89Cayan1.1Exit
89Deposit Solutions1.1Private
89Tradeshift1.1Private
92C2FO1.0Private
92ChromeRiver1.0Exit
92Dave1.0Private
92EBANX1.0Private
92Finicity1.0Exit
92Flywire1.0Private
92HighRadius1.0Private
92Interswitch1.0Private
92Judo Bank1.0Private
92LendingHome1.0Private
92Liquid1.0Private
92Mollie1.0Private
92MoneyLion1.0Private
92Neon Pagamentos1.0Private
92Next Insurance1.0Private
92Numbrs1.0Private
92Payoneer1.0Private
92PersonalCapital1.0Exit
92Riskified1Private
92Trustly1Private
92Upgrade1Private
92Varo Money1Private
92WeLab1Private
92RazorPay1Private
92WealthSimple1Private

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*To qualify, a company must have been founded in 2000 or later (OK, we have a couple of 1999s too, just so we can keep PayPal on the list) and have its primary business related to financial services including banking, savings, lending, investing, insurance, wealth management, SMB accounting and payroll. We do not include health insurance companies. Services can be sold directly to consumers or through financial institutions or other companies. Full list here.
** If you know any missing unicorns, please email jim@fintechlabs.com