Financial technology has revolutionized the financial service sector. From payment processing to online banking and wealth management, financial solutions have become more convenient and accessible. The digital revolution has provided big opportunities for financial institutions. Learning about the top fintech companies can help you model your company’s growth strategy or help you decide where to take your investment portfolio.

As experts in the global business world, we’re dedicated to providing the best resources for your success here at Business2Community. That’s why we have prepared a list of the best fintech companies by market capitalization in 2024. These publicly traded companies are worth billions of dollars thanks to their genius business decisions – and we’re about to reveal them.

The World’s Biggest Fintech Companies

The global fintech market was valued at $340.1 billion in 2024 by Fortune Business Insights and is set to exceed $1.52 trillion by 2032, illustrating a CAGR of 16.5%. Fintech enables users to enjoy comprehensive financial services in the simplest way possible. Peer-to-peer payments, mobile payments, and wealth management services are some of the major areas enhanced by the surge of fintech.

The US dominates the global fintech market with a sector value of $100 billion. Banks and financial institutions are the biggest drivers for fintech growth, accounting for around 80% in terms of market share.

To fully understand how major corporations are utilizing the current tech landscape to drive profits, here is a detailed guide of the largest fintech companies in the world by market capitalization.

1. Intuit Inc. – $175.46 Billion

In 2024, Intuit dominates the financial services industry with its ground-breaking financial and business software. The California-based fintech company was founded in 1983 by Scott Cook and Tom Proulx. Its current CEO is Sasan Goodarzi.

Quicken, the company’s first financial software product and one of the first fintech products overall was developed in that same year to help developers with basic programming. Quicken fast became the best-selling fintech product the year after its launch. In 2016, H.I.G. Capital, a leading private equity firm offering personal loans and financial services, bought Quicken for an undisclosed amount.

Intuit’s fintech products are curated for small businesses and self-employed individuals, offering a one-stop-shop for entrepreneurs’ all-around financial and business needs.

Currently, the company offers these main financial services products:

  • TurboTax – Simplifying the tax-filing process
  • Credit Karma – Helping individual users with financial planning and keeping track of digital payments
  • QuickBooks – Providing accounting solutions for small business owners
  • MailChimp – Using artificial intelligence for data analysis to enhance customer engagement and create email automation

The company was criticized heavily in 2019 when Pro Publica, a US-based non-profit organization for investigative journalism, found that Intuit hid TurboTax-Free File, a free tax-filing program it offered in partnership with the IRS, from Google search engines on purpose to shift customers to the paid TurboTax version.

Inuit announced in 2021 that it would no longer participate in the IRS Free File Program, which helped tens of thousands of taxpayers in the country to file taxes correctly for free. The IRS has since launched its own free filing software although it is only available in a handful of states so far.

In 2023, the financial services firm reported a total revenue of $14.4 billion, representing a 13% year-over-year increase.

Company Name Intuit Inc.
Headquartered In Palo Alto, California, US
Market Cap $175.46 billion
Founded In 1983

2. Fiserv – $92.66 Billion

Headquartered in Milwaukee, Wisconsin, US, Fiserv is an international financial software company offering its expertise to credit unions, banks, financial institutions, stock traders, financial data firms, and more.

Fiserv office

Over the years, mergers and acquisitions have been an important expansion model for Fiserv’s continuous growth. It has allowed the firm to offer more financial products by acquiring expertise from other industry leaders in the fintech space.

Fiserv entered the commercial banking services field by buying Citicorp in 1991. The move doubled Fiserv’s client base. Four years later in 1995, it acquired Information Technology, Inc., the largest account processing platform in the US at the time by market share. It also bought ACI Worldwide, a global provider of digital technologies for online payments and banking services for $200 million in cash in 2016.

In 2019, Fiserv completed the acquisition of First Data for $22 billion, making it one of the most valuable acquisitions in the financial technology field. At that time, First Data was one of the top payment processing software providers in the US, facilitating over $2.4 trillion of transactions annually with links to millions of bank accounts and ATMs. The deal was notable in the fintech industry as Fiserv was a much smaller firm than First Data when the acquisition happened.

The deal helped Fiserv expand its digital payment services. Its 2018 revenue was $5.82 billion and shot up to $14.85 billion in 2020 following the purchase.

To catch up with the rise of digital assets and digital transformation, Fiserv bought Finxact, a top global developer for cloud-based banking solutions and mobile banking services, in 2022.

In 2023, its annual revenue grew to $19.09 billion.

Company Name Fiserv
Headquartered In Milwaukee, Wisconsin, US
Market Cap $92.66 billion
Founded In 1984

3. PayPal – $69.82 Billion

Originally founded as Confinity in 1998, PayPal is now one of the world’s biggest and most successful fintech companies. It focuses on payments of various kinds including an integrated online remittance platform. The company aims to deliver a smooth and fast cross-border money transfer experience and operates in over 200 countries/regions with 25 currencies available.

Shortly after PayPal went public on the NASDAQ, raising $61 million in 2002, the leading online auction platform eBay bought PayPal for $1.5 billion. Subsequently, 75% of auctions would support payments via PayPal with 25% of users choosing to close the deal with it. Partnering with the auction house allowed the company to experience exponential growth and gain wide recognition as an online payment tool.

In 2007, it introduced PayPal Secure Card, a service to support vendors that didn’t have PayPal directly on their websites. Users could directly pay by giving their card details on a secured ecommerce checkout page, enhancing security while giving flexibility to users. It also introduced buy-now-pay-later (BNPL) services in 2020 and expanded the service in 2022, allowing customers to pay over four installments for goods bought through the platform.

EBay decided to spin off from PayPal in 2014 for future growth strategies. A year before, PayPal had bought Venmo through a $800 million acquisition of it’s parent company, Braintree. The brands have remained separate and there are currently around 78 million Venmo users, making up around $30 billion of PayPal’s market cap.

PayPal produced a revenue of $29.78 billion in 2023.

Company Name PayPal
Headquartered In San Jose, California, US
Market Cap $69.82 billion
Founded In 1998

4. Coinbase – $59.60 Billion

Coinbase, an electronic trading platform for cryptocurrencies, is one of the top fintech companies in 2024 by market capitalization. The San Francisco-based firm offers over 260 digital assets and 300 trading pairs, allowing users to trade cryptocurrencies efficiently.

The company is mainly owned by its founder, Brian Armstrong (15%), followed by other institutional and individual investors as well as a few hedge funds.

Founded in 2012 by Brian Armstrong, a former AirBnB engineer, the digital platform quickly became one of the fastest-growing fintech startups when it received $25 million from venture capital Andreessen Horowitz just a year after its establishment.

The currency exchange platform allowed users to buy and sell Bitcoin using its digital wallets. By 2014, its user base already exceeded 1 million. That same year, it bought Blockr.io, a blockchain technology business, and Kippt, a web bookmarking company, to absorb top-level financial technology. It also partnered with private companies like Stripe to offer Bitcoin payment processing solutions.

In 2021, Coinbase agreed to pay a $6.5 million fine after the Commodity Futures Trading Commission’s investigation of the company’s misleading information about its actual trading volume. Coinbase neither admitted nor denied the accusations.

The US-trending fintech company reaped another round of success in 2022 with its 60-second Super Bowl ad that offered a $15 voucher for new users. Immediately after the ad, the Coinbase server recorded more than 20 million visits to its landing page and pushed its Apple App Store ranking from 186th to 2nd, making it one of the most successful Super Bowl ads for fintech companies.

Its 2023 total revenue was $3.1 billion.

Company Name Coinbase
Headquartered In San Francisco, California, US
Market Cap $59.60 billion
Founded In 2012

5. Nubank – $56.82 Billion

In just a decade of operations, Nubank has become the leading fintech company in Latin America and one of the most valuable fintech companies in the world. It recorded a user base of 94 million in 2023, a 50% increase from the year before, and a net profit of $1 billion in the fiscal year, a huge contrast from its $9.1 million net loss in 2022.

Just a year after it was founded, Nubank raised $14.3 million in a round of funding led by venture capital Sequoia Capital. The startup unicorn launched its first product that allowed users to do their Mastercard credit transactions with no commissions through a mobile app the same year. Nubank received 200,000 interested applications for its first product and had to put half of them on a waitlist.

In 2019, the company made its first international launch in Mexico through its subsidiary Nu, providing transparent financial services to the complicated financial system in the country. The success of the launch allowed Nubank to make another launch in Colombia the next year.

Nubank went public in 2021 on the New York Stock Exchange, raising $2.3 billion. During that time, the Warren Buffett-backed Berkshire Hathaway invested $1 billion in the Brazilian digital bank.

In 2022, Forbes ranked Nubank the best bank in Brazil for the 4th year in a row, signifying the dominance of the Latin payment processing company.

Company Name Nubank
Headquartered In São Paulo, Brazil
Market Cap $56.82 billion
Founded In 2013

6. Block Inc. – $47.51 Billion

Formerly known as Square Inc., Block Inc. is a fintech conglomerate based in St. Louis, Missouri. Jack Dorsey, who co-founded Twitter (now X), had an idea to help small business owners be more versatile with bill payment methods after his friend Jim McKelvey lost business sales due to his inability to accept non-cash payments.

The two then created Square Inc., which was eventually renamed Block Inc. in 2021, and have pushed out many life-changing fintech platforms/products for vendors, including:

  • Square – Financial services platform for business owners to use smartphones to process credit card payments
  • Cash App – Mobile payments service platform that offers mobile banking, direct deposits, and a bank account for savings
  • Afterpay – An Australian buy now, pay later service provider acquired by Block Inc. in 2021 for $29 billion.
  • Bitkey – A self-custody bitcoin wallet

Out of all its products, Cash App showed the best performance as of 2023. The company reported a total revenue of $2.03 billion, illustrating an increase of 22% from the previous year. The mobile payment app accounted for $1.18 billion of the total profit and had an average of 56 million monthly transactions and 23 million monthly active users.

Company Name Block Inc.
Headquartered In St. Louis, Missouri, US
Market Cap $47.51 billion
Founded In 2009

7. Adyen – $45.78 Billion

Adyen is a financial services company that offers online payment services for vendors to accept transactions in real-time, using electronic payments. With a market cap of $45.78 billion, 27 offices globally, and more than 3,000 employees, it’s one of the world’s biggest fintech companies this year. Its business partners include Facebook, Uber, H&M, and eBay.

The company was created in 2006 by Dutch entrepreneurs Pieter van der Does and Arnout Schuijff. The former continued to serve as the CEO while Schuijff served as the CTO until 2021.

Branded-Setting up POS adyen

In 2017, Adyen obtained a pan-European banking license, allowing it to bypass banks to process cross-border payments for its clients. Since then, the company has also obtained licenses in Singapore, Hong Kong, New Zealand, the US, the UAE, and Puerto Rico.

The next year, Adyen went public on the Euronext Amsterdam exchange. Its initial public offering was valued at €7.1 billion ($8.3 billion at the time), making it one of the biggest fintech launches in Europe. At the same time, eBay made the announcement to choose Adyen as its primary payment provider, replacing its long-standing provider PayPal.

The payment processing company processed €767.5 billion ($832.7 billion) in 2022.

Company Name Adyen
Headquartered In Amsterdam, Netherlands
Market Cap $45.78 billion
Founded In 2006

8. Robinhood – $16.09 Billion

With nearly 23 million cumulative funded accounts and 15.9 million monthly active users in 2023, Robinhood is one of the world’s top fintech companies by market cap. The financial services company operates an electronic trading platform for users to speculate on stocks, cryptocurrencies, and exchange-traded funds.

robinhood app

The fintech firm was the first US broker to provide around-the-clock trading of individual stocks, allowing traders to invest in stock 24 hours a day, 5 days a week.

Robinhood offers trading in 15 cryptocurrencies, such as Bitcoin, Ethereum Classic, Shiba Inu, Dogecoin, and Avalanche. The trading platform is regulated by the US Securities and Exchange Commission and the Financial Industry Regulatory Authority. However, it was ordered to pay a $30 million fine by the New York State Department of Financial Services in 2022 due to anti-money-laundering violations and a breach of cybersecurity regulations.

In its 2023 fiscal report, the company stated that its growth strategies for the future would focus on growing its market share by refining its 24-hour trading services and expanding internationally. It launched in the EU and the UK during the year and is expected to reach full availability by 2024.

Company Name Robinhood
Headquartered In Menlo Park, California, US
Market Cap $16.09 billion
Founded In 2013

9. Affirm – $10.09 Billion

Based in San Francisco, Affirm is one of the most valuable fintech companies with a market cap of $10.09 billion at the time of writing. Founded in 2012 by one of PayPal’s founders, Max Levchin, Affirm provides a BNPL service for vendors and shoppers to enhance the shopping experience and facilitate purchases.

The company teamed up with Amazon in 2021 to be the financing solution provider for the ecommerce giant, allowing certain customers to enjoy the buy now, pay later option as opposed to traditional financing. It also partnered with Apple and Target to offer its technology to help customers finance various products.

Then, a year later in 2022, it expanded its service scope by partnering up with Stripe to allow consumers to split their expensive purchases into installments.

As of 2023, the platform had 17.6 million active users and $7.5 billion in gross merchandise volume.

Company Name Affirm
Headquartered In San Francisco, California, US
Market Cap $10.09 billion
Founded In 2012

10. Wise – $9.61 Billion

Up next we have Wise, previously known as TransferWise, a London-based currency exchange fintech firm with a market cap of $9.61 billion. Wise partners with other valuable fintech companies and international banks like Monzo and Bolt to offer people affordable instant cross-border transfers. It also provides debit cards with over 50 currencies available for users’ convenience while abroad at no extra cost.

 

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The company was founded by entrepreneur Kristo Käärmann and Skype’s first-ever employee, Taavet Hinrikus, in 2011, focusing on peer-to-peer direct currency transfers and exchange services for individual users and companies. In its first year alone, it handled more than $13 million in transaction volume, earning it the title of “one of the best fintech startups” at the time.

Ten years after it was founded, the company went public on the London Stock Exchange with a value of $11 billion.

As of 2023, the company had three main business components, which are Wise Account, Wise Business, and Wise Platform, with over 16 million accounts in total. It had a monthly average cross-border transaction volume of £9 billion ($11.37 billion).

Company Name Wise
Headquartered In London, UK
Market Cap $9.61 billion
Founded In 2011

Learning From the Biggest Fintech Companies in the World

The world’s most valuable fintech companies are changing the way people spend money and invest, providing profitable opportunities for newcomers to join the thriving industry. These top companies have been able to become industry leaders due to their smart and precise expansion strategies. Through mergers and acquisitions with other fintech startups and established tech companies, they have been able to absorb expertise and technologies to refine their services and expand their reach, such as Coinbase buying out companies for their tech or PayPal taking on Venmo.

These large corporations are also excellent in embracing the current trends and curating the most suitable products and services for their customers. With digital transformation developing faster than ever, they are offering new products that cover the growing need for advanced payment processing and financial solutions. Affirm has been able to harness the demand for short credit options and has grown the BNPL market and Wise targets nomads and expats, specifically addressing the problems of these growing communities.

Whether you want to start your own fintech platform, partner with these valuable fintech companies, or invest in them, this article has provided you with the best place to look in 2024.

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