Who are the 2022 Fintech 50?

One newcomer to our 2022 Fintech 50 list is San Francisco-based Chipper Cash, which aims to make money transfers cheaper and faster for Africans. Founded by two entrepreneurs from Uganda and Ghana, Chipper also lets consumers pay bills and invest in U.S. stocks, and it now has more than five million customers.

How many fintech companies made the Fintech 50 this year?

Nine payments companies also made the Fintech 50 this year, compared with six last year. Still, there’s no denying that in today’s environment the youngest fintech startups face tough going. That explains why our 2023 list has only 19 companies that have never made the Fintech 50 before, down from 25 newcomers last year.

Is Alternative Investment the future of FinTech?

The explosive popularity of alternative investments has fueled staggering growth for New York City-based iCapital, which returns to Forbes ' Fintech 50 for the fifth-straight year after nabbing $500 million from investors in 2021.

How has private funding impacted the FinTech industry in 2022?

With stock prices for publicly traded fintechs off an average of 60% from their peak, private funding has plummeted too–in 2022, venture capitalists invested $75 billion globally in fintechs, down from $140 billion in 2021, according to CB Insights.