Ripple & Coinbase Join Forbes’ Top 10 Most Valuable FinTech Companies List

  • Ripple bags the 2nd place and Coinbase 3rd while first place went to $35 billion online payments company Stripe
  • Apart from $10 billion valuation Ripple and $8.1 billion Coinbase, Robinhood also made it to the list

Three cryptocurrency-related businesses have made it to Forbes' “The 10 Biggest Fintech Companies In America 2020” that involves most valuable private, venture-backed fintech.

At 2nd place is none other than Chris Larsen and Jed McCaleb founded Ripple, valued at $10 billion that facilitates international payments, including with a cryptocurrency XRP for its network of 300 clients that involve the names of Santander and Standard Chartered.

“Ripple also had a stunning rise in value, hitting $10 billion and becoming the second-most valuable fintech startup.”

The article also points out that under the leadership (CEO) of Brad Garlinghouse, Ripple captured MoneyGram as its partner, in which it invested $50 million by selling $500 million of XRP. The second-largest payment provider now uses XRP in 10% of its cross-border transactions in the US Mexico corridor.

Just a place down at 3rd spot is cryptocurrency exchange Coinbase founded by CEO Brian Armstrong and 31-year old board member Fred Ehrsam.

A San Francisco-based $8.1 billion company, Coinbase has branched out to offer crypto custodial service to institutions after “making its mark as a safe and regulatory-compliant crypto exchange.” The exchange has also ventured into a personal wallet and new currencies.

Another step down is the $7.6 billion valued mobile app Robinhood that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies. The company fell off Forbes’ Fintech 50 list in 2020 due to competition in the market that had brokerage giants like Fidelity and Schwab dropping their fees to $0.

While Robinhood launched a feature called “cash management” that pays 1.8% interest on uninvested cash in your brokerage account, in 2019 it’s active users grew only 13% compared to near-doubling of users in 2018.

Others on this list are no-fee checking accounts Chime, Plaid, student loan refinancing startup SoFi, free credit monitoring and credit score service Credit Karma, Opendoor, and Root.

2019 was actually a “boom time” for financial technology as total venture capital funding for private US fintech reached $18 billion compared to $13 billion the previous year.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI’s Andre Cronje isn’t Going Anywhere; ‘This Space Won't Get Rid of Me'

Andre Cronje, the guy behind yEarn and the popular YFI, is not leaving the cryptocurrency space any time soon, at least, “until there is...

Crypto Mom, Hester Peirce, Secures Second Term as SEC Commissioner Through 2025

The US Securities and Exchange (SEC) Commissioner Hester Peirce, aka “Crypto Mom,” has been confirmed for a second term that will last till June...

yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today