At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here). In January, we added 9 new unicorns for a month-end total of 134. The total value is now $1.65 trillion, up $230B from last month.
Unicorn count:
Beginning (Feb 1) = 134
+ 6 born this month (Blockchain.com, Earnix, InvestCloud, Public.com, Stash, WeBull)
___________________
Total (Feb 28) = 140
Total valuation = $1.65 trillion
Newborns in February:
- Blockchain.com: The crypto wallet and exchange was founded in 2011, and is now valued at $3B (or about 60,000 btc).
- Earnix: The financial services analytics provider, founded in 2001 and is second only to Finicity for longest time to get to the $1B valuation.
- InvestCloud: LA-based startup founded in 2010 builds cloud-based apps for financial services companies.
- Public.com: NYC-based free trading app which is forgoing “payment for order flow.” Founded in 2018.
- Stash: Another NYC-based trading app that also integrates banking services. Founded in 2015.
- WeBull: Yet another trading app, mobile and desktop, founded in 2017 with HQ in NYC.
Full Fintech Unicorn List
(values as of 1 Mar 2021)
| Rank | Company | $B Value | Value Date | Founded | Country |
| 1 | PayPal | 321 | 1-Mar-2021 | 1998 | United States |
| 2 | Shopify | 164 | 1-Mar-2021 | 2004 | Canada |
| 3 | Ant Technology | 150 | 2018 round | 2014 | China |
| 4 | Stripe | 115 | Rumored secondary mkt value | 2010 | United States |
| 5 | Square | 110 | 1-Mar-2021 | 2009 | United States |
| 6 | Adyen | 70 | 1-Mar-2021 | 2006 | Netherlands |
| 7 | Coinbase | 54 | Secondary mkt value (29 Jan 21) | 2012 | United States |
| 8 | Lufax | 40 | 1-Mar-2021 | 2011 | China |
| 9 | Afterpay | 36 | 1-Mar-2021 | 2014 | Australia |
| 10 | Klarna | 31 | Feb 2021 round | 2005 | Sweden |
| 11 | Stone | 28 | 1-Mar-2021 | 2013 | Brazil |
| 12 | Lakala | 26 | 1-Mar-2021 | 2004 | China |
| 13 | Nubank | 25 | Jan 2021 round | 2013 | Brazil |
| 14 | Affirm | 24 | 1-Mar-2021 | 2012 | United States |
| 15 | WeBank | 21 | Nov 2018 transaction | 2014 | China |
| 16 | Xero | 19 | 1-Mar-2021 | 2006 | New Zealand |
| 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 | 14 | 1-Mar-2021 | 2006 | United States |
| 22 | Robinhood | 12 | Sep 2020 round | 2013 | United States |
| 23 | Tinkoff Bank | 10 | 1-Mar-2021 | 2006 | Russia |
| 23 | Ripple | 10 | Dec 2019 round | 2012 | United States |
| 25 | Oscar Health | 9.5 | Mar 2021 IPO pricing | 2012 | United States |
| 26 | Nuvei | 9.4 | 1-Mar-2021 | 2003 | Canada |
| 27 | SoFi | 8.7 | Jan 2021 SPAC announcement | 2011 | United States |
| 28 | Jiedaibao | 7.8 | Jan 2016 round | 2014 | China |
| 29 | Lemonade | 7.5 | 1-Mar-2021 | 2015 | United States |
| 30 | OneConnect (PingAn) | 7.4 | 1-Mar-2021 | 2015 | China |
| 31 | Credit Karma | 7.1 | Exit | 2007 | United States |
| 32 | Q2 Holdings | 7.0 | 1-Mar-2021 | 2004 | United States |
| 33 | Carta | 6.9 | Feb 2021 secondary (per The Information) | 2012 | United States |
| 33 | HealthEquity | 6.9 | 1-Mar-2021 | 2002 | United States |
| 35 | nCino | 6.6 | 1-Mar-2021 | 2012 | United States |
| 36 | Duck Creek Software | 6.5 | 1-Mar-2021 | 2000 | United States |
| 37 | Greensill | 6.0 | Nov 2019 round | 2011 | United Kingdom |
| 38 | Trustly | 5.9 | Estimate based on 2021 IPO value | 2008 | Sweden |
| 39 | Root Insurance | 5.8 | Oct 2020 IPO | 2016 | United States |
| 40 | PhonePe | 5.5 | Dec 2020 spinout | 2015 | India |
| 40 | Revolut | 5.5 | Feb 2020 round | 2015 | United Kingdom |
| 42 | Virtu Financial | 5.3 | 1-Mar-2021 | 2008 | United States |
| 43 | LoanDepot | 5.2 | 1-Mar-2021 | 2010 | United States |
| 44 | Wise (TransferWise) | 5.0 | June 2020 secondary | 2011 | United Kingdom |
| 45 | Toast | 4.9 | Feb 2020 round | 2011 | United States |
| 46 | Marqeta | 4.3 | May 2020 round | 2010 | United States |
| 47 | Better.com | 4.0 | Sep 2020 round (unconfirmed) | 2016 | United States |
| 48 | Cardlytics | 3.9 | 1-Mar-2021 | 2008 | United States |
| 49 | Gusto | 3.8 | July 2019 round | 2011 | United States |
| 50 | Assurance | 3.5 | Exit | 2016 | United States |
| 50 | N26 | 3.5 | May 2020 round | 2013 | Germany |
| 52 | Blend | 3.3 | Jan 2021 round | 2012 | United States |
| 52 | Payoneer | 3.3 | Feb 2021 SPAC annoucement | 2005 | United States |
| 54 | China UnionPay | 3.0 | Per Crunchbase 12/19 | 2002 | China |
| 54 | Circle Internet Financial | 3.0 | May 2018 round | 2013 | United States |
| 54 | Devoted Health | 3.0 | May 2020 fundraising | 2017 | United States |
| 54 | Flywire | 3.0 | Feb 2020 round | 2011 | United States |
| 54 | Blockchain.com | 3.0 | Feb 2021 round | 2011 | United Kingdom |
| 59 | OVO | 2.9 | Mar 2019 round | 2017 | Indonesia |
| 60 | MoneyLion | 2.9 | Feb 2021 SPAC annoucement | 2013 | United States |
| 61 | OakNorth | 2.8 | May 2019 round | 2015 | United Kingdom |
| 61 | Verafin | 2.8 | Exit Nov 2020 | 2003 | Canada |
| 62 | GreenDot | 2.6 | 1-Mar-2021 | 1999 | United States |
| 62 | Brex | 2.6 | June 2020 round | 2017 | United States |
| 62 | Toss | 2.6 | Aug 2020 round | 2011 | South Korea |
| 65 | eToro | 2.5 | Dec 2020 secondary | 2007 | United Kingdom |
| 65 | PineLabs | 2.5 | Dec 2020 round | 1998 | India |
| 65 | Rapyd | 2.5 | Jan 2020 round | 2016 | United Kingdom |
| 68 | Lifelock | 2.3 | Exit | 2005 | United States |
| 69 | iZettle | 2.2 | Exit | 2010 | Sweden |
| 70 | Avant | 2.0 | Sep 2015 round | 2012 | United States |
| 70 | AvidXchange | 2.0 | Jan 2020 round | 2000 | United States |
| 70 | FirstP2P | 2.0 | Per Crunchbase 12/19 | 2013 | China |
| 70 | Tipalti | 2.0 | Oct 2020 round | 2010 | United States |
| 70 | Waterdrop | 2.0 | Aug 2020 round | 2016 | China |
| 70 | Zenefits | 2.0 | May 2015 round | 2013 | United States |
| 70 | Mambu | 2.0 | Jan 2021 round | 2011 | Germany |
| 77 | MX | 1.9 | Jan 2021 round | 2010 | United States |
| 77 | Digit Insurance | 1.9 | Jan 2021 round | 2016 | India |
| 77 | Sezzle | 1.9 | 1-Mar-2021 | 2016 | United States |
| 80 | Airwallex | 1.8 | Apr 2020 round | 2015 | Australia |
| 80 | BillDesk | 1.8 | Nov 2018 round | 2000 | India |
| 80 | Creditas | 1.8 | Dec 2020 round | 2012 | Brazil |
| 80 | Zuora | 1.8 | 1-Mar-2021 | 2007 | United States |
| 84 | Wefox | 1.7 | Dec 2019 round | 2015 | Germany |
| 84 | Mercury | 1.7 | Exit | 2001 | United States |
| 86 | Monzo | 1.6 | May 2020 round | 2015 | United Kingdom |
| 86 | Judo Bank | 1.6 | Dec 2020 round | 2016 | Australia |
| 86 | Divvy | 1.6 | Jan 2021 round | 2016 | United States |
| 89 | Fawry | 1.5 | 31-Dec-2020 | 2008 | Egypt |
| 89 | GoHealth | 1.5 | Exit | 2001 | United States |
| 89 | Hippo | 1.5 | July 2020 round | 2015 | United States |
| 89 | PingPong | 1.5 | Mar 2019 round | 2015 | China |
| 89 | PolicyBazaar | 1.5 | May 2019 round | 2008 | India |
| 89 | Remitly | 1.5 | July 2020 round | 2011 | United States |
| 89 | WorldRemit | 1.5 | Bloomberg article about acquistion of SendWave | 2010 | United Kingdom |
| 96 | CGTZ | 1.4 | June 2018 round | 2013 | China |
| 96 | Stash | 1.4 | Feb 2021 round | 2015 | United States |
| 98 | BillTrust | 1.3 | SPAC estimated early 2021 | 2001 | United States |
| 98 | Metromile | 1.3 | Nov 2020 SPAC (proposed) | 2011 | United States |
| 98 | Melio Payments | 1.3 | Jan 2021 round | 2018 | United States |
| 98 | Sunlight Financial | 1.3 | SPAC estimated early 2021 | 2014 | United States |
| 98 | Atom Bank | 1.3 | July 2019 round | 2014 | United Kingdom |
| 103 | Clover Health | 1.2 | Jan 2019 round | 2013 | United States |
| 103 | dLocal | 1.2 | Sep 2020 round | 2016 | Uruguay |
| 103 | Figure | 1.2 | Dec 2019 round | 2018 | United States |
| 103 | Galileo | 1.2 | Exit | 2000 | United States |
| 103 | Greenlight | 1.2 | Sep 2020 round | 2014 | United States |
| 103 | Public.com | 1.2 | Feb 2021 round | 2018 | United States |
| 109 | Deposit Solutions | 1.1 | Sep 2019 round | 2011 | Germany |
| 109 | Cayan | 1.1 | Exit | 1998 | United States |
| 109 | Tradeshift | 1.1 | May 2018 round | 2009 | United States |
| 109 | Earnix | 1.1 | Feb 2021 round | 2001 | Israel |
| 109 | GreenSky | 1.1 | 1-Mar-2021 | 2006 | United States |
| 109 | C2FO | 1.0 | Apr 2019 round | 2008 | United States |
| 109 | ChromeRiver | 1.0 | Exit | 2007 | United States |
| 109 | Dave | 1.0 | June 2019 round | 2016 | United States |
| 109 | EBANX | 1.0 | Oct 2019 round | 2012 | Brazil |
| 118 | Expensify | 1.0 | Estimate based on $100M ARR | 2008 | United States |
| 109 | Fast | 1.0 | Oct 2020 rumors | 2019 | United States |
| 109 | HighRadius | 1.0 | Jan 2020 round | 2006 | United States |
| 109 | Interswitch | 1.0 | Nov 2019 round | 2002 | Nigeria |
| 109 | LendingHome | 1.0 | Mar 2018 round | 2014 | United States |
| 109 | Liquid | 1.0 | Apr 2019 round | 2013 | Japan |
| 109 | Mollie | 1.0 | Sep 2020 round | 2004 | Netherlands |
| 109 | Neon Pagamentos | 1.0 | Estimate | 2016 | Brazil |
| 109 | Next Insurance | 1.0 | Oct 2019 round | 2016 | United States |
| 109 | Numbrs | 1.0 | Aug 2019 round | 1999 | Switzerland |
| 109 | Personal Capital | 1.0 | Exit | 2009 | United States |
| 109 | RazorPay | 1.0 | Oct 2020 round | 2014 | India |
| 109 | Riskified | 1.0 | Nov 2019 round | 2012 | United States |
| 109 | Upgrade | 1.0 | June 2020 round | 2016 | United States |
| 109 | Varo Money | 1.0 | Estimate | 2015 | United States |
| 109 | WealthSimple | 1.0 | Oct 2020 round | 2014 | Canada |
| 109 | WeLab | 1.0 | Dec 2019 round | 2013 | HongKong |
| 109 | GoCardless | 1.0 | Dec 2020 round | 2011 | United Kingdom |
| 109 | PPRO | 1.0 | Jan 2021 round | 2006 | United Kingdom |
| 109 | InvestCloud | 1.0 | Feb 2021 transaction | 2010 | United States |
| 109 | Webull | 1.0 | Feb 2021 round | 2016 | China |
| 109 | Finicity | 1.0 | Exit | 1999 | United States |
| 109 | Bright Health | 1.0 | Nov 2019 round | 2015 | United States |
Source: FintechLabs.com 1 Mar 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.
