At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here). In March, we added 17 new unicorns for a month-end total of 157. The total value is now $1.62 trillion, down $30B from last month.
Unicorn count:
Beginning (Mar 1) = 140
+ 16 born this month (see below)
+ 1 back on the list after previoulsy falling below $1B (Lending Club)
___________________
Total (Mar 31) = 157
Total valuation = $1.62 trillion
Newborns in March:
- #59 Cedar: $3.2B US-based health payments provider
- #66 Doma (formerly States Title): $3.0B US-based title insurance company
- #77 BillTrust: $2.3B US-based payments startup
- #80(t) Chainalysis: $2.0B US-based cyrpto company
- #80(t) Pipe: $2.0B US-based SMB lender
- #89 Starling Bank: $1.9B UK-based challenger bank
- #97 Ramp: $1.6B US-based business charge cards
- #101 LendingClub $1.5B US-based alt-lender (regained unicorn status)
- #111 Socure: $1.3B US-based identity specialist for financial institutions
- #116(t) Bitpanda: $1.2B Austrian crypto startup
- #116(t) Pilot: $1.2B US-based SMB accounting
- #124 Zego: $1.1B UK-based automobile insuretech
- #129(t) Papaya Global: $1.0B Israel-based payroll provider
- #129(t) Flutterwave: $1.0B US-based payment company
- #129(t) Clearbanc: $1.0B US-based SMB alt-lender
- #129(t) Feedzai: $1.0B US-based fraud protection for financial instituions
- #129(t) Fireblocks: $1.0B US-based cyrypto company
Full Fintech Unicorn List
(values as of 1 April 2021)
| Rank | Company | $B Value | Value Date | Founded | Country |
| 1 | PayPal | $290B | 1 April 2021 | 1998 | United States |
| 2 | Ant Technology | 150 | 2018 round | 2014 | China |
| 3 | Shopify | 140 | 1 April 2021 | 2004 | Canada |
| 4 | Square | 105 | 1 April 2021 | 2009 | United States |
| 5 | Stripe | 95 | Mar 2021 round | 2010 | United States |
| 6 | Coinbase | 90 | Secondary mkt value (10 Mar 21) | 2012 | United States |
| 7 | Adyen | 70 | 1 April 2021 | 2006 | Netherlands |
| 8 | Lufax | 36 | 1 April 2021 | 2011 | China |
| 9 | Klarna | 31 | Feb 2021 round | 2005 | Sweden |
| 10 | Afterpay | 30 | 1 April 2021 | 2014 | Australia |
| 11 | Nubank | 25 | Jan 2021 round | 2013 | Brazil |
| 12 | Lakala | 24 | 1 April 2021 | 2004 | China |
| 13 | WeBank | 21 | Nov 2018 transaction | 2014 | China |
| 14 | Stone | 20 | 1 April 2021 | 2013 | Brazil |
| 15 | Xero | 19 | 1 April 2021 | 2006 | New Zealand |
| 16 | Affirm | 18 | 1 April 2021 | 2012 | United States |
| 17 | One97 (PayTM) | 16 | Nov 2019 round | 2010 | India |
| 18 | Checkout.com | 15 | Jan 2021 round | 2012 | United Kingdom |
| 18 | Plaid Technologies | 15 | Rumored 2021 round | 2012 | United States |
| 18 | Chime | 15 | Sep 2020 round | 2013 | United States |
| 21 | Bill.com | 12 | 1 April 2021 | 2006 | United States |
| 21 | Robinhood | 12 | Sep 2020 round | 2013 | United States |
| 23 | Nuvei | 11 | 1 April 2021 | 2003 | Canada |
| 24 | Tinkoff Bank | 10 | 1 April 2021 | 2006 | Russia |
| 24 | eToro | 10 | Mar 2021 SPAC (proposed) | 2007 | United Kingdom |
| 24 | Ripple | 10 | Dec 2019 round | 2012 | United States |
| 27 | Oscar Health | 9.5 | Mar 2021 IPO pricing | 2012 | United States |
| 28 | SoFi | 8.7 | Jan 2021 SPAC (proposed) | 2011 | United States |
| 29 | Jiedaibao | 7.8 | Jan 2016 round | 2014 | China |
| 30 | Credit Karma | 7.1 | Exit | 2007 | United States |
| 31 | Carta | 6.9 | Feb 2021 secondary (per The Information) | 2012 | United States |
| 32 | nCino | 6.4 | 1 April 2021 | 2012 | United States |
| 33 | LoanDepot | 6.2 | 1 April 2021 | 2010 | United States |
| 34 | OneConnect (PingAn) | 6.0 | 1 April 2021 | 2015 | China |
| 34 | Virtu Financial | 6.0 | 1 April 2021 | 2008 | United States |
| 36 | Duck Creek Software | 5.9 | 1 April 2021 | 2000 | United States |
| 36 | Trustly | 5.9 | Estimate based on 2021 IPO value | 2008 | Sweden |
| 38 | Lemonade | 5.8 | 1 April 2021 | 2015 | United States |
| 38 | Root Insurance | 5.8 | Oct 2020 IPO | 2016 | United States |
| 40 | HealthEquity | 5.7 | 1 April 2021 | 2002 | United States |
| 40 | Q2 Holdings | 5.7 | 1 April 2021 | 2004 | United States |
| 42 | PhonePe | 5.5 | Dec 2020 spinout | 2015 | India |
| 42 | Revolut | 5.5 | Feb 2020 round | 2015 | United Kingdom |
| 44 | Blockchain.com | 5.2 | Mar 2021 round | 2011 | United Kingdom |
| 45 | Wise (TransferWise) | 5.0 | June 2020 secondary | 2011 | United Kingdom |
| 45 | Hippo | 5.0 | Mar 2021 SPAC (proposed) | 2015 | United States |
| 45 | dLocal | 5.0 | April 2021 round | 2016 | Uruguay |
| 48 | Toast | 4.9 | Feb 2020 round | 2011 | United States |
| 49 | Marqeta | 4.3 | May 2020 round | 2010 | United States |
| 50 | Better.com | 4.0 | Sep 2020 round (unconfirmed) | 2016 | United States |
| 50 | Next Insurance | 4.0 | Mar 2021 round | 2016 | United States |
| 52 | Gusto | 3.8 | July 2019 round | 2011 | United States |
| 53 | Assurance | 3.5 | Exit | 2016 | United States |
| 53 | N26 | 3.5 | May 2020 round | 2013 | Germany |
| 53 | PolicyBazaar | 3.5 | Mar 2021 round | 2008 | India |
| 56 | Cardlytics | 3.3 | 1 April 2021 | 2008 | United States |
| 56 | Blend | 3.3 | Jan 2021 round | 2012 | United States |
| 56 | Payoneer | 3.3 | Feb 2021 SPAC (proposed) | 2005 | United States |
| 59 | Cedar | 3.2 | Mar 2021 round | 2016 | United States |
| 60 | HighRadius | 3.1 | Mar 2021 round | 2006 | United States |
| 61 | China UnionPay | 3.0 | Per Crunchbase 12/19 | 2002 | China |
| 61 | Circle Internet Financial | 3.0 | May 2018 round | 2013 | United States |
| 61 | Devoted Health | 3.0 | May 2020 fundraising | 2017 | United States |
| 61 | Flywire | 3.0 | Feb 2020 round | 2011 | United States |
| 61 | BlockFI | 3.0 | Mar 2021 round | 2017 | United States |
| 61 | Doma (States Title) | 3.0 | Mar 2021 SPAC (proposed) | 2016 | United States |
| 67 | OVO | 2.9 | Mar 2019 round | 2017 | Indonesia |
| 68 | MoneyLion | 2.9 | Feb 2021 SPAC (proposed) | 2013 | United States |
| 69 | OakNorth | 2.8 | May 2019 round | 2015 | United Kingdom |
| 69 | Verafin | 2.8 | Exit Nov 2020 | 2003 | Canada |
| 71 | Brex | 2.6 | June 2020 round | 2017 | United States |
| 71 | Toss | 2.6 | Aug 2020 round | 2011 | South Korea |
| 71 | Airwallex | 2.6 | Mar 2021 round | 2015 | Australia |
| 74 | GreenDot | 2.5 | 1 April 2021 | 1999 | United States |
| 74 | PineLabs | 2.5 | Dec 2020 round | 1998 | India |
| 74 | Rapyd | 2.5 | Jan 2020 round | 2016 | United Kingdom |
| 77 | BillTrust | 2.3 | 1 April 2021 | 2001 | United States |
| 78 | Lifelock | 2.3 | Exit | 2005 | United States |
| 79 | iZettle | 2.2 | Exit | 2010 | Sweden |
| 80 | Avant | 2.0 | Sep 2015 round | 2012 | United States |
| 80 | AvidXchange | 2.0 | Jan 2020 round | 2000 | United States |
| 80 | FirstP2P | 2.0 | Per Crunchbase 12/19 | 2013 | China |
| 80 | Tipalti | 2.0 | Oct 2020 round | 2010 | United States |
| 80 | Waterdrop | 2.0 | Aug 2020 round | 2016 | China |
| 80 | Zenefits | 2.0 | May 2015 round | 2013 | United States |
| 80 | Mambu | 2.0 | Jan 2021 round | 2011 | Germany |
| 80 | Chainalysis | 2.0 | Mar 2021 round | 2014 | United States |
| 80 | Pipe | 2.0 | Mar 2021 round | 2019 | United States |
| 89 | MX | 1.9 | Jan 2021 round | 2010 | United States |
| 89 | Digit Insurance | 1.9 | Jan 2021 round | 2016 | India |
| 89 | Starling Bank | 1.9 | Mar 2021 round | 2014 | United Kingdom |
| 92 | BillDesk | 1.8 | Nov 2018 round | 2000 | India |
| 92 | Creditas | 1.8 | Dec 2020 round | 2012 | Brazil |
| 92 | Zuora | 1.8 | 1 April 2021 | 2007 | United States |
| 95 | Wefox | 1.7 | Dec 2019 round | 2015 | Germany |
| 95 | Mercury | 1.7 | Exit | 2001 | United States |
| 97 | Monzo | 1.6 | May 2020 round | 2015 | United Kingdom |
| 97 | Judo Bank | 1.6 | Dec 2020 round | 2016 | Australia |
| 97 | Divvy | 1.6 | Jan 2021 round | 2016 | United States |
| 97 | Ramp | 1.6 | Mar 2021 round | 2019 | United States |
| 101 | LendingClub | 1.5 | 1 April 2021 | 2008 | United States |
| 101 | Sezzle | 1.5 | 1 April 2021 | 2016 | United States |
| 101 | Fawry | 1.5 | 31-Dec-2020 | 2008 | Egypt |
| 101 | GoHealth | 1.5 | Exit | 2001 | United States |
| 101 | PingPong | 1.5 | Mar 2019 round | 2015 | China |
| 101 | Remitly | 1.5 | July 2020 round | 2011 | United States |
| 101 | WorldRemit | 1.5 | Bloomberg article about acquistion of SendWave | 2010 | United Kingdom |
| 101 | WeLab | 1.5 | Mar 2021 round (est) | 2013 | HongKong |
| 109 | CGTZ | 1.4 | June 2018 round | 2013 | China |
| 109 | Stash | 1.4 | Feb 2021 round | 2015 | United States |
| 111 | Metromile | 1.3 | 17-Mar 2021 | 2011 | United States |
| 111 | Melio Payments | 1.3 | Jan 2021 round | 2018 | United States |
| 111 | Sunlight Financial | 1.3 | SPAC estimated early 2021 | 2014 | United States |
| 111 | Socure | 1.3 | Mar 2021 round | 2012 | United States |
| 111 | Atom Bank | 1.3 | July 2019 round | 2014 | United Kingdom |
| 116 | GreenSky | 1.2 | 1 April 2021 | 2006 | United States |
| 116 | Clover Health | 1.2 | Jan 2019 round | 2013 | United States |
| 116 | Figure | 1.2 | Dec 2019 round | 2018 | United States |
| 116 | Galileo | 1.2 | Exit | 2000 | United States |
| 116 | Greenlight | 1.2 | Sep 2020 round | 2014 | United States |
| 116 | Public.com | 1.2 | Feb 2021 round | 2018 | United States |
| 116 | Bitpanda | 1.2 | Mar 2021 round | 2014 | Austria |
| 116 | Pilot | 1.2 | Mar 2021 round | 2016 | United States |
| 124 | Deposit Solutions | 1.1 | Sep 2019 round | 2011 | Germany |
| 124 | Cayan | 1.1 | Exit | 1998 | United States |
| 124 | Tradeshift | 1.1 | May 2018 round | 2009 | United States |
| 124 | Earnix | 1.1 | Feb 2021 round | 2001 | Israel |
| 124 | Zego | 1.1 | Mar 2021 round | 2016 | United Kingdom |
| 129 | C2FO | 1.0 | Apr 2019 round | 2008 | United States |
| 129 | ChromeRiver | 1.0 | Exit | 2007 | United States |
| 129 | Dave | 1.0 | June 2019 round | 2016 | United States |
| 129 | EBANX | 1.0 | Oct 2019 round | 2012 | Brazil |
| 129 | Expensify | 1.0 | Estimate based on $100M ARR | 2008 | United States |
| 129 | Fast | 1.0 | Oct 2020 rumors | 2019 | United States |
| 129 | Interswitch | 1.0 | Nov 2019 round | 2002 | Nigeria |
| 129 | LendingHome | 1.0 | Mar 2018 round | 2014 | United States |
| 129 | Liquid | 1.0 | Apr 2019 round | 2013 | Japan |
| 129 | Mollie | 1.0 | Sep 2020 round | 2004 | Netherlands |
| 129 | Neon Pagamentos | 1.0 | Estimate | 2016 | Brazil |
| 129 | Numbrs | 1.0 | Aug 2019 round | 1999 | Switzerland |
| 129 | Personal Capital | 1.0 | Exit | 2009 | United States |
| 129 | RazorPay | 1.0 | Oct 2020 round | 2014 | India |
| 129 | Riskified | 1.0 | Nov 2019 round | 2012 | United States |
| 129 | Upgrade | 1.0 | June 2020 round | 2016 | United States |
| 129 | Varo Money | 1.0 | Estimate | 2015 | United States |
| 129 | WealthSimple | 1.0 | Oct 2020 round | 2014 | Canada |
| 129 | GoCardless | 1.0 | Dec 2020 round | 2011 | United Kingdom |
| 129 | PPRO | 1.0 | Jan 2021 round | 2006 | United Kingdom |
| 129 | InvestCloud | 1.0 | Feb 2021 transaction | 2010 | United States |
| 129 | Webull | 1.0 | Feb 2021 round | 2016 | China |
| 129 | Papaya Global | 1.0 | Mar 2021 round | 2016 | Israel |
| 129 | Flutterwave | 1.0 | Mar 2021 round | 2016 | United States |
| 129 | Clearbanc | 1.0 | Estimate | 2015 | United States |
| 129 | Feedzai | 1.0 | Mar 2021 round | 2011 | United States |
| 129 | Fireblocks | 1.0 | Mar 2021 round (est) | 2018 | United States |
| 129 | Finicity | 1.0 | Exit | 1999 | United States |
| 129 | Bright Health | 1.0 | Nov 2019 round | 2015 | United States |
Source: FintechLabs.com 1 April 2021
*To qualify, a company must have been founded in 2000 or later*** 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
***There are two exceptions started in the 1998/1999 timeframe, PayPal and Finicity.
