At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here). In May, we added 16 new unicorns for a total of 187. Their total market value is now $1.72 trillion, up $50B from last month.
Unicorn count:
Beginning (May 1) = 171
+ 14 born this month (see below)
+ 2 newly recognized this month (Kraken, Hypoport)
___________________
Total (May 31) = 187
Total market value = $1.72 trillion
New in May:
- #46 Trade Republic: $5.3B German investech
- #55 Kraken: $4+B US crypto exchange (valuation per Fortune, based on 2019 round, and likely MUCH higher now)
- #60 Paymentus: $3.8B US payments company that went public 25 May 2021
- #61 Hypoport: $3.6B German lender that went public in 2007
- #72 (t) Forter: $3B US ecommerce fraud specialist
- #97 Acorns: $2.2B US causual investing/savings app
- #97(t) Bitso: $2.2B Mexican crypto exchange
- #99 Recharge: $2.1B US payments company
- #110 (t) SpotOn: $1.9B US payments company
- #123 (t) Zeta: $1.5B India-based banking technology startup
- #146 (t) Sunbit: $1.1B US lending specialist
- #153 (t) Amount: $1.0B US fintech insfrastructure
- #153 (t) DailyPay: $1.0B US Payments company
- #153 (t) Shift Technology:$1.0B French insurtech
- #153 (t) Vise: $1.0B US investing startup
- #153 (t) Chipper Cash: $1.0B African payments provider
Full Fintech Unicorn List
(values as of 3 June 2021)
| Rank | Company | $B Value | Value Date | Founded | Country |
| 1 | PayPal | 303 | 3 June 2021 | 1999 | United States |
| 2 | Shopify | 151 | 3 June 2021 | 2004 | Canada |
| 3 | Ant Technology | 150 | 2018 round | 2014 | China |
| 4 | Square | 99 | 3 June 2021 | 2009 | United States |
| 5 | Stripe | 95 | Mar 2021 round | 2010 | United States |
| 6 | Adyen | 67 | 3 June 2021 | 2006 | Netherlands |
| 7 | Coinbase | 62 | 3 June 2021 | 2012 | United States |
| 8 | Lufax | 32 | 3 June 2021 | 2011 | China |
| 9 | Klarna | 31 | Feb 2021 round | 2005 | Sweden |
| 10 | Afterpay | 28 | 3 June 2021 | 2014 | Australia |
| 11 | Nubank | 25 | Jan 2021 round | 2013 | Brazil |
| 12 | Lakala | 23 | 3 June 2021 | 2004 | China |
| 13 | WeBank | 21 | Nov 2018 transaction | 2014 | China |
| 14 | SoFi | 20 | 3 June 2021 | 2011 | United States |
| 15 | Stone | 20 | 3 June 2021 | 2013 | Brazil |
| 16 | Xero | 20 | 3 June 2021 | 2006 | New Zealand |
| 17 | Robinhood | 19 | Feb 2021 round | 2013 | United States |
| 18 | Affirm | 17 | 3 June 2021 | 2012 | United States |
| 19 | One97 (PayTM) | 16 | Nov 2019 round | 2010 | India |
| 20 | Marqeta | 16 | Secondary market May 21 | 2010 | United States |
| 21 | Checkout.com | 15 | Jan 2021 round | 2012 | United Kingdom |
| 22 | Chime | 15 | Sep 2020 round | 2013 | United States |
| 23 | Plaid Technologies | 13 | April 2021 round | 2012 | United States |
| 24 | Bill.com | 13 | 3 June 2021 | 2006 | United States |
| 25 | Nuvei | 11 | 3 June 2021 | 2003 | Canada |
| 26 | Tinkoff Bank | 10 | 3 June 2021 | 2006 | Russia |
| 27 | eToro | 10 | Mar 2021 SPAC (proposed) | 2007 | United Kingdom |
| 28 | Ripple | 10 | Dec 2019 round | 2012 | United States |
| 29 | Oscar Health | 9.5 | Mar 2021 IPO pricing | 2012 | United States |
| 30 | Jiedaibao | 7.8 | Jan 2016 round | 2014 | China |
| 31 | Better.com | 7.7 | May 2021 SPAC annoucement | 2016 | United States |
| 32 | Brex | 7.4 | April 2021 round | 2017 | United States |
| 33 | Credit Karma | 7.1 | Exit | 2007 | United States |
| 34 | HealthEquity | 6.9 | 3 June 2021 | 2002 | United States |
| 35 | Carta | 6.9 | Feb 2021 secondary (per The Information) | 2012 | United States |
| 36 | Lemonade | 6.0 | 3 June 2021 | 2015 | United States |
| 37 | Virtu Financial | 5.9 | 3 June 2021 | 2008 | United States |
| 38 | Trustly | 5.9 | Estimate based on 2021 IPO value | 2008 | Sweden |
| 39 | nCino | 5.8 | 3 June 2021 | 2012 | United States |
| 40 | Root Insurance | 5.8 | Oct 2020 IPO | 2016 | United States |
| 41 | OneConnect (PingAn) | 5.7 | 3 June 2021 | 2015 | China |
| 42 | PhonePe | 5.5 | Dec 2020 spinout | 2015 | India |
| 43 | Revolut | 5.5 | Feb 2020 round | 2015 | United Kingdom |
| 44 | Linklogis | 5.3 | 3 June 2021 | 2016 | China |
| 45 | Q2 Holdings | 5.3 | 3 June 2021 | 2004 | United States |
| 46 | Trade Republic | 5.3 | May 2021 round | 2015 | Germany |
| 47 | Blockchain.com | 5.2 | Mar 2021 round | 2011 | United Kingdom |
| 48 | Duck Creek Software | 5.1 | 3 June 2021 | 2000 | United States |
| 49 | dLocal | 5.0 | April 2021 round | 2016 | Uruguay |
| 50 | Rapyd | 5.0 | April 2021 round | 2016 | United Kingdom |
| 51 | Wise (TransferWise) | 5.0 | June 2020 secondary | 2011 | United Kingdom |
| 52 | Hippo | 5.0 | Mar 2021 SPAC (proposed) | 2015 | United States |
| 53 | Toast | 4.9 | Feb 2020 round | 2011 | United States |
| 54 | LoanDepot | 4.6 | 3 June 2021 | 2010 | United States |
| 55 | Kraken | 4.0 | 2019 round (per Fortune) | 2011 | United States |
| 56 | WealthSimple | 4.0 | April 2021 round | 2014 | Canada |
| 57 | Next Insurance | 4.0 | Mar 2021 round | 2016 | United States |
| 58 | Circle Internet Financial | 4.0 | May 2021 Rumored SPAC valuation | 2013 | United States |
| 59 | Gusto | 3.8 | July 2019 round | 2011 | United States |
| 60 | Paymentus | 3.8 | 3 June 2021 | 2004 | United States |
| 61 | Hypoport SE | 3.6 | IPO 2007 | 1999 | Germany |
| 62 | FTX Exchange | 3.5 | Dec 2020 press reports | 2012 | United States |
| 63 | Assurance | 3.5 | Exit | 2016 | United States |
| 64 | PolicyBazaar | 3.5 | Mar 2021 round | 2008 | India |
| 65 | N26 | 3.5 | May 2020 round | 2013 | Germany |
| 66 | Cardlytics | 3.4 | 3 June 2021 | 2008 | United States |
| 67 | Payoneer | 3.3 | Feb 2021 SPAC (proposed) | 2005 | United States |
| 68 | Blend | 3.3 | Jan 2021 round | 2012 | United States |
| 69 | Cedar | 3.2 | Mar 2021 round | 2016 | United States |
| 70 | Figure | 3.2 | May 2021 round | 2018 | United States |
| 71 | HighRadius | 3.1 | Mar 2021 round | 2006 | United States |
| 72 | Flywire | 3.0 | 25 May 2021 | 2011 | United States |
| 73 | RazorPay | 3.0 | April 2021 round | 2014 | India |
| 74 | BlockFI | 3.0 | Mar 2021 round | 2017 | United States |
| 75 | Doma (States Title) | 3.0 | Mar 2021 SPAC (proposed) | 2016 | United States |
| 76 | Devoted Health | 3.0 | May 2020 fundraising | 2017 | United States |
| 77 | PineLabs | 3.0 | May 2021 round | 1998 | India |
| 78 | Wefox | 3.0 | May 2021 round | 2015 | Germany |
| 79 | China UnionPay | 3.0 | Per Crunchbase 12/19 | 2002 | China |
| 80 | MoneyLion | 2.9 | Feb 2021 SPAC (proposed) | 2013 | United States |
| 81 | OVO | 2.9 | Mar 2019 round | 2017 | Indonesia |
| 82 | Verafin | 2.8 | Exit Nov 2020 | 2003 | Canada |
| 83 | OakNorth | 2.8 | May 2019 round | 2015 | United Kingdom |
| 84 | Toss | 2.6 | Aug 2020 round | 2011 | South Korea |
| 85 | Airwallex | 2.6 | Mar 2021 round | 2015 | Australia |
| 86 | Divvy | 2.5 | Acquired by Bill.com (May 2021) | 2016 | United States |
| 87 | Itiviti | 2.5 | Exit April 2021 | 2016 | Sweden |
| 88 | Paxos | 2.4 | April 2021 round | 2012 | United States |
| 89 | BillTrust | 2.3 | 3 June 2021 | 2001 | United States |
| 90 | Greenlight | 2.3 | April 2021 round | 2014 | United States |
| 91 | Lifelock | 2.3 | Exit | 2005 | United States |
| 92 | GreenDot | 2.2 | 3 June 2021 | 1999 | United States |
| 93 | CRED | 2.2 | April 2021 round | 2018 | India |
| 94 | Current | 2.2 | April 2021 round | 2015 | United States |
| 95 | iZettle | 2.2 | Exit | 2010 | Sweden |
| 96 | Acorns | 2.2 | May 2021 SPAC annoucement | 2012 | United States |
| 97 | ReCharge | 2.1 | May 2021 round | 2014 | United States |
| 98 | Clearbanc | 2.0 | April 2021 round | 2015 | United States |
| 99 | Waterdrop | 2.0 | Aug 2020 round | 2016 | China |
| 100 | AvidXchange | 2.0 | Jan 2020 round | 2000 | United States |
| 101 | Mambu | 2.0 | Jan 2021 round | 2011 | Germany |
| 102 | Chainalysis | 2.0 | Mar 2021 round | 2014 | United States |
| 103 | Pipe | 2.0 | Mar 2021 round | 2019 | United States |
| 104 | Zenefits | 2.0 | May 2015 round | 2013 | United States |
| 105 | Tipalti | 2.0 | Oct 2020 round | 2010 | United States |
| 106 | FirstP2P | 2.0 | Per Crunchbase 12/19 | 2013 | China |
| 107 | Avant | 2.0 | Sep 2015 round | 2012 | United States |
| 108 | Digit Insurance | 1.9 | Jan 2021 round | 2016 | India |
| 109 | MX | 1.9 | Jan 2021 round | 2010 | United States |
| 110 | Starling Bank | 1.9 | Mar 2021 round | 2014 | United Kingdom |
| 111 | SpotOn | 1.9 | May 2021 round | 2017 | United States |
| 112 | Sezzle | 1.8 | 3 June 2021 | 2016 | United States |
| 113 | Zuora | 1.8 | 3 June 2021 | 2007 | United States |
| 114 | Creditas | 1.8 | Dec 2020 round | 2012 | Brazil |
| 115 | BillDesk | 1.8 | Nov 2018 round | 2000 | India |
| 116 | Mercury | 1.7 | Exit | 2001 | United States |
| 117 | LendingClub | 1.6 | 3 June 2021 | 2008 | United States |
| 118 | Judo Bank | 1.6 | Dec 2020 round | 2016 | Australia |
| 119 | Ramp | 1.6 | Mar 2021 round | 2019 | United States |
| 120 | Monzo | 1.6 | May 2020 round | 2015 | United Kingdom |
| 121 | Fawry | 1.5 | 31-Dec-2020 | 2008 | Egypt |
| 122 | WorldRemit | 1.5 | Bloomberg article about acquistion of SendWave | 2010 | United Kingdom |
| 123 | GoHealth | 1.5 | Exit | 2001 | United States |
| 124 | Remitly | 1.5 | July 2020 round | 2011 | United States |
| 125 | PingPong | 1.5 | Mar 2019 round | 2015 | China |
| 126 | WeLab | 1.5 | Mar 2021 round (est) | 2013 | HongKong |
| 127 | Zeta | 1.5 | May 2021 round | 2015 | India |
| 128 | Alkami | 1.4 | April 2021 round | 2009 | United States |
| 129 | Chargebee | 1.4 | April 2021 round | 2011 | United States |
| 130 | Stash | 1.4 | Feb 2021 round | 2015 | United States |
| 131 | CGTZ | 1.4 | June 2018 round | 2013 | China |
| 132 | Signifyd | 1.3 | April 2021 round | 2011 | United States |
| 133 | Melio Payments | 1.3 | Jan 2021 round | 2018 | United States |
| 134 | Socure | 1.3 | Mar 2021 round | 2012 | United States |
| 135 | Sunlight Financial | 1.3 | SPAC estimated early 2021 | 2014 | United States |
| 136 | Deel | 1.3 | April 2021 round | 2018 | United States |
| 137 | Atom Bank | 1.3 | July 2019 round | 2014 | United Kingdom |
| 138 | Metromile | 1.2 | 3 June 2021 | 2011 | United States |
| 139 | Galileo | 1.2 | Exit | 2000 | United States |
| 140 | Public.com | 1.2 | Feb 2021 round | 2018 | United States |
| 141 | Clover Health | 1.2 | Jan 2019 round | 2013 | United States |
| 142 | Bitpanda | 1.2 | Mar 2021 round | 2014 | Austria |
| 143 | Pilot | 1.2 | Mar 2021 round | 2016 | United States |
| 144 | Deposit Solutions | 1.1 | Sep 2019 round | 2011 | Germany |
| 145 | GreenSky | 1.1 | 3 June 2021 | 2006 | United States |
| 146 | Cayan | 1.1 | Exit | 1998 | United States |
| 147 | Earnix | 1.1 | Feb 2021 round | 2001 | Israel |
| 148 | Zego | 1.1 | Mar 2021 round | 2016 | United Kingdom |
| 149 | Tradeshift | 1.1 | May 2018 round | 2009 | United States |
| 150 | Sunbit | 1.1 | May 2021 | 2016 | United States |
| 151 | C2FO | 1.0 | Apr 2019 round | 2008 | United States |
| 152 | Liquid | 1.0 | Apr 2019 round | 2013 | Japan |
| 153 | Clearcover | 1.0 | April 2021 round | 2016 | United States |
| 154 | Groww | 1.0 | April 2021 round | 2017 | India |
| 155 | Sift | 1.0 | April 2021 round | 2011 | United States |
| 156 | The Zebra | 1.0 | April 2021 round | 2012 | United States |
| 157 | Numbrs | 1.0 | Aug 2019 round | 1999 | Switzerland |
| 158 | GoCardless | 1.0 | Dec 2020 round | 2011 | United Kingdom |
| 159 | Neon Pagamentos | 1.0 | Estimate | 2016 | Brazil |
| 160 | Varo Money | 1.0 | Estimate | 2015 | United States |
| 161 | Expensify | 1.0 | Estimate based on $100M ARR | 2008 | United States |
| 162 | ChromeRiver | 1.0 | Exit | 2007 | United States |
| 163 | Personal Capital | 1.0 | Exit | 2009 | United States |
| 164 | Webull | 1.0 | Feb 2021 round | 2016 | China |
| 165 | InvestCloud | 1.0 | Feb 2021 transaction | 2010 | United States |
| 166 | PPRO | 1.0 | Jan 2021 round | 2006 | United Kingdom |
| 167 | Dave | 1.0 | June 2019 round | 2016 | United States |
| 168 | Upgrade | 1.0 | June 2020 round | 2016 | United States |
| 169 | LendingHome | 1.0 | Mar 2018 round | 2014 | United States |
| 170 | Feedzai | 1.0 | Mar 2021 round | 2011 | United States |
| 171 | Flutterwave | 1.0 | Mar 2021 round | 2016 | United States |
| 172 | Papaya Global | 1.0 | Mar 2021 round | 2016 | Israel |
| 173 | Fireblocks | 1.0 | Mar 2021 round (est) | 2018 | United States |
| 174 | Amount | 1.0 | May 2021 round | 2019 | United States |
| 175 | DailyPay | 1.0 | May 2021 round | 2015 | United States |
| 176 | Shift Technology | 1.0 | May 2021 round | 2013 | France |
| 177 | Vise | 1.0 | May 2021 round | 2016 | United States |
| 178 | Interswitch | 1.0 | Nov 2019 round | 2002 | Nigeria |
| 179 | Riskified | 1.0 | Nov 2019 round | 2012 | United States |
| 180 | EBANX | 1.0 | Oct 2019 round | 2012 | Brazil |
| 181 | Fast | 1.0 | Oct 2020 rumors | 2019 | United States |
| 182 | Mollie | 1.0 | Sep 2020 round | 2004 | Netherlands |
| 183 | Finicity | 1.0 | Exit | 1999 | United States |
| 184 | Bright Health | 1.0 | Nov 2019 round | 2015 | United States |
Source: FintechLabs.com 3 June 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.
