H2 Ventures, a venture capital firm, and KPMG, an audit firm, have released the sixth annual FINTECH100 rating, which consists of the list of the best fintech companies in 2019. This year, the list immediately included seven crypto companies. The rating is divided into two parts: the “Top 50” and the “Emerging 50”.
Companies from the FINTECH100 rating raised more than $ 70 billion from investors. This figure is 35% more than companies in the last year’s list.
American startup Robinhood this year ranked the 14th in the “Top 50”. The platform is a brokerage service that allows its customers to sell and buy stocks, ETFs and options that are listed on US exchanges. Clients of the service can also trade cryptocurrency starting from 2017.
Cryptocurrency is not the core business of Robinhood. However, the addition of crypto opportunity spurred investor interest in the startup, which allowed it to increase its valuation by $ 4 billion in just a year.
In July 2019, the startup closed its investment round, within which it raised $ 323 million.
Fintech unicorn is located at the 26th position of the rating. As with Robinhood, cryptocurrency is not a core business of Revolut. The startup added crypto support in mid-July 2017.
This year, the startup concluded partnership agreements with Visa and Mastercard payment systems. In partnership with Visa, it will begin working in over 24 new countries. Mastercard will help it enter the US market.
The company is estimated at $ 1.7 billion. Its services are used by almost 8 million people.
Coinbase, one of the largest cryptocurrency exchanges over the world, is held at the 34th position of the rating. Last year, the platform raised $ 322 million to raise its valuation to $ 8 billion.
Also last year, Coinbase launched the custodial service Coinbase Custody, designed to hold funds of large institutional investors. The services are used by the investment company Grayscale Investments from the Digital Currency Group holding of billionaire Barry Silbert.
In August 2019, Coinbase acquired the institutional business of custodial service provider Xapo. This transaction allowed the exchange to expand the capabilities of Coinbase Custody and increase the level of assets under its management to $ 7 billion.
Another cryptocurrency exchange placed at the 38th position in the rating. In April 2019, the Japanese Liquid exchange closed the C Series financial round, during which investors valued the company at $ 1 billion. According to the company’s own data, it became the second Japanese unicorn in the fintech industry.
In July 2019, the platform sold the rights to the yet unreleased cryptocurrency of the Durov brothers. Gram tokens allegedly got Liquid from a previously unknown South Korean company Gram Asia. The sale began on July 10 and was completed ahead of schedule in 60 hours.
The “Emerging 50” list includes three multi-currency companies: Binance, Bankera, and Dether.
- Binance cryptocurrency exchange is a well-known trading platform. Last month, its head, Changpeng Zhao, visited the Russian Forum, where he said that the exchange would start working with the Russian ruble.
- Bankera is a neo-bank that uses both traditional financial technologies and blockchain technology. The platform offers its clients three main services: payments, loans, and deposits. Also, several investment solutions are available to Bankera users.
- Dether is developing decentralized software for mobile devices. The company’s application allows users to buy and sell Ethereum for cash and pay them for purchases in stores. Dether wants to create an entire ecosystem of shoppers and physical stores that are willing to accept ETH as a means of payment.