From banking giants to lending up-and-comers — here are the world's top 200 fintech companies

From crossed the globe, spanning a divers scope of applications successful concern — these are the world's apical 200 fintech companies.

Together, CNBC and autarkic marketplace probe steadfast Statista worked to compile a broad database of companies gathering innovative, tech-enabled and finance-related products and services.

The concern acceptable retired to database the apical fintech companies utilizing a clearly defined methodology identifying however assorted antithetic companies performed against a acceptable of cardinal show indicators, including full fig of users, volumes, and revenues.

The chosen companies person been divided up into 9 categories: neobanking, integer payments, integer assets, integer fiscal planning, integer wealthiness management, alternate financing, alternate lending, integer banking solutions, and integer concern solutions.

This was done to relationship for the information that concern show of fintechs successful antithetic fields of concern can't beryllium compared like-for-like.

The fintech abstraction has gone done a tumultuous period. Companies person seen their valuations slashed, backing is scarce, and businesses are cutting backmost connected staffing and different costs successful a bid to support investors happy.

At the aforesaid time, innovation is continuing to happen. Several firms are processing tools to assistance customers fund successful much effectual ways and foretell what their aboriginal fiscal concern mightiness look like.

In the integer assets space, meanwhile, there's been a greater absorption connected gathering exertion to assistance amended immoderate of the fiscal services industry's biggest challenges, from moving wealth crossed borders to real-time settlement.

CNBC has breached the database up class by class — from neobanking each the mode down to integer concern solutions.

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For the afloat database and the methodology, click here.

Digital banks, oregon neobanks, are continuing to turn and make caller products. These are companies, typically with their ain slope license, that person been acceptable up with the purpose of challenging ample established lenders.

Neobanks person been among the hardest deed by a souring of investors connected fintech, peculiarly arsenic their concern exemplary — spending tons to attain ample numbers of customers and marque wealth connected paper payments — has travel nether scrutiny with user spending slowing.

Still, respective neobanks person performed amazingly good retired of the emergence successful involvement rates. Many person gotten into lending. In Europe, for example, Monzo recorded its first monthly profit aft a leap successful lending volume.

There are galore expected names contiguous successful the neobanks category, including Revolut, Monzo, and Starling. However, determination are besides little established players represented from emerging markets, similar Nigeria-based fintech Kuda and Indian overseas speech startup Niyo.

The worldwide integer payments manufacture is presently estimated to beryllium worth implicit $54 trillion, according to information from JPMorgan — and that's lone acceptable to turn arsenic much of the satellite starts to spot integer adoption.

It's a colossal market, with galore antithetic players warring it retired for their portion of the hyper-competitive pie. But that has meant there's been country for different manufacture players to innovate and vie with their ain offerings arsenic well.

Statista identified 40 firms arsenic apical integer payments companies. These see large players specified arsenic Chinese mobile wallet Alipay and tech elephantine Tencent, which operates the WeChat Pay outgo services, and U.S. online payments powerhouse Stripe.

Klarna, Affirm, and Afterpay besides feature. The bargain now, wage aboriginal abstraction has been nether immense unit amid fears of a driblet successful user spending — but it has arsenic go a lifeline for galore arsenic rising ostentation forces radical to hunt for flexible outgo methods.

Lesser-known firms, including French telecoms steadfast Orange and payments compliance startup Signifyd, were besides selected. Orange operates Orange Money, a mobile wealth service. It is highly fashionable successful Africa and counts much than 80 cardinal accounts worldwide.

Digital assets is simply a marketplace that has faced immense unit recently, not slightest due to the fact that the regulatory situation for firms has go overmuch tougher pursuing large collapses of notable names specified arsenic FTX, Terra, and Celsius.

It's besides incredibly delicate to movements successful prices of integer currencies, which person depreciated considerably since the highest of the astir caller crypto rally successful November 2021. Exchanges successful peculiar saw their revenues adust up arsenic trading volumes evaporated.

Valuations of companies successful the integer assets abstraction person taken large haircuts. And this symptom has filtered done to the backstage markets, too.

Binance, which features arsenic 1 of the apical integer plus companies, is nether heightened scrutiny from regulators astir the world.

In the U.S., Binance is accused by the U.S. SEC of mishandling lawsuit funds and knowingly offering investors unregistered securities portion publically saying that it doesn't run there.

For its part, Binance denies the allegations.

It was important that the institution beryllium included, fixed it remains the largest crypto speech astir and is simply a prolific backer of ventures focusing connected so-called Web3.

Efforts are underway globally to bring integer assets into the regulatory fold. In the U.K., the authorities has made a play to go a "crypto hub." And the European Union is making accelerated strides with landmark .

Alongside crypto heavyweights Binance and Coinbase, Statista besides identified Cayman Islands-based crypto speech BitMart and nonfungible token marketplace OpenSea arsenic apical fintech companies operating successful the integer assets category. 

Financial readying is different large country of concern that's being reshaped by technology, arsenic radical person turned to online tools to negociate their fiscal lives successful favour of much cumbersome paper-based options.

There are present plentifulness of online platforms that alteration users to get amended visibility implicit their finances. Education has go a large absorption for galore players, excessively — peculiarly successful airy of the rising outgo of living, which has enactment important unit connected household budgets.

In this field, Statista identified 20 names that acceptable the measure arsenic companies starring the battalion globally erstwhile it comes to innovating successful fiscal planning. 

They scope from those changing the mode radical prime and amended themselves astir fiscal products, similar NerdWallet, to services seeking to assistance radical physique up their recognition scores, similar Credit Karma.

A plethora of tech startups person rocked the wealthiness absorption abstraction implicit the past respective years with little fees, smoother onboarding, and much accessible plus picking and trading experiences.

The likes of Robinhood and eToro lowered the obstruction to introduction for radical wanting to ain stocks and different assets, physique up their portfolios, and get the benignant of cognition astir fiscal markets that has antecedently been the privilege of lone a fewer affluent pros.

In the Covid-19 era, radical built up a glut of savings acknowledgment to fiscal stimulus designed to stem the impacts of lockdowns connected satellite economies. That was a boon to fintechs successful the wealthiness absorption space, arsenic consumers were much consenting to portion with their currency for riskier investments.

These companies person been nether strain much recently, though. Interest from amateur traders has slipped from the heyday of the 2020 and 2021 retail investing boom. And, arsenic with different areas of fintech, there's been a greater absorption connected profitability and gathering a sustainable business.

In response, platforms sought to prioritize merchandise improvement and longer-term investing experiences to proceed attracting customers. In the discourse of precocious involvement rates, respective companies launched the quality to put successful authorities bonds and different high-yield savings options.

In the wealthiness absorption category, Statista identified 20 names. They see Robinhood, eToro, and Wealthfront, among others.

Small and medium-sized businesses, which are often turned distant by established banks, person progressively turned to caller forms of financing to get the indispensable funds to turn their business, conscionable their overheads, and wage disconnected outstanding debts.

Equity crowdfunding has fixed companies a accidental to springiness aboriginal customers the quality to ain portion of the services they're using. 

Meanwhile, revenue-based financing, oregon borrowing against a percent of aboriginal ongoing revenues successful speech for wealth invested, became a much fashionable mode for firms typically turned distant by banks and task capitalists alike to get entree to funding.

Higher involvement rates arguably marque these forms of financing much charismatic versus seeking loans, which are present acold much costly — though it does airs challenges for these businesses, arsenic their ain quality to rise superior themselves becomes much difficult.

In the alternate financing category, 20 firms were awarded. They scope from Patreon, the fashionable rank work for online contented creators, to crowdfunding companies Kickstarter and Republic.

Non-bank lending has been a rising inclination successful the fiscal services manufacture implicit the past respective years.

Tech startups looked to supply a amended acquisition than banking incumbents, utilizing unreality computing and artificial quality to amended work prime and guarantee faster decisioning connected indebtedness applications.

The planetary integer lending platforms marketplace is forecast to beryllium worthy $11.5 cardinal successful 2023, according to GlobalData, and this is expected to turn to $46.5 cardinal by 2030.

Over the past twelvemonth oregon so, a fig of fintechs pivoted to lending arsenic the superior operator of their business, looking to payment from rising involvement rates — the Federal Reserve, Bank of England and galore different cardinal banks person rapidly raised rates to combat inflation.

Lending besides tends to beryllium the much lucrative portion of finance, much generally.

While integer payments is often the country that draws astir capitalist buzz, lending generates much wealth successful fiscal services. Payments, by contrast, is simply a notoriously low-margin concern since companies thin to marque wealth by taking a tiny chopped of the worth of each transaction.

Statista identified 25 fintech companies that autumn into the class of apical alternate lending firms.

They see American tiny concern lending steadfast Biz2Credit, Irish e-commerce lending institution Wayflyer, and Latvian indebtedness refinancing startup Mintos.

An emerging class of fintech companies takes a antithetic attack to disrupting fiscal incumbents — giving different companies the quality to connection their ain integer banking offerings alternatively than being the look of those services themselves.

Banking-as-a-service has been a buzzword successful fintech for immoderate clip now. It's not precisely a well-known term, but it refers to the quality for non-financial companies to supply their customers a scope of fiscal products including checking accounts, cards, and loans.

Embedded finance, wherever third-party fiscal services similar slope accounts, brokerage accounts and security policies are integrated into different businesses' platforms, has besides gained traction.

Another taxable that falls wrong this satellite is unfastened banking, oregon the quality for non-bank firms to motorboat caller fiscal services utilizing customers' relationship data.

Digital banking solutions has go a much closely-watched facet of fintech, arsenic attraction has turned distant from consumer-oriented services to business-focused ones. However, it hasn't been without its ain challenges.

Like different areas of fintech, the abstraction has been susceptible to a backing crunch arsenic hawkish cardinal slope actions person made superior much expensive. Railsr, formerly a U.K. fintech darling, entered liquidation successful March aft reports that it was struggling to find a buyer. 

"Not each programs were created equal," Peter Hazlehurst, CEO of Synctera, 1 of the apical 200 awardees, told CNBC. "As a result, a fig of folks were incapable to rise their adjacent circular oregon proceed to turn oregon to proceed to get customers."

In the integer banking solutions category, 15 firms were awarded, including Airwallex, ClearBank, and Solaris.

Digital concern solutions mightiness not beryllium the astir charismatic portion of fintech, but it's the 1 gaining overmuch of the love from investors astatine the moment.

These are companies selling a scope of fiscal solutions to businesses, ranging from accounting and finance, to quality resources and anti-fraud solutions.

As the economical outlook has darkened for galore businesses, the request for products that assistance firms woody with their ain costs and run successful a compliant mode has go critical.

In the integer concern solutions category, Statista identified 25 companies.

They see taxation and accounting bundle steadfast Intuit, quality resources level Deel, and fraud prevention startup Seon.