Illustration by Óscar Raña for Forbes
Tuesday, February 18, 2025 – Forbes today unveiled the annual Fintech 50, spotlighting the top private companies transforming finance through technology. Marking its tenth anniversary, this year’s Fintech 50 spotlights the most groundbreaking companies, from digital banks and payments startups to fraud prevention firms and cryptocurrency businesses, that are improving the cost, efficiency and access of financial services.
“While global funding for private fintech companies has continued to fall since a record high in 2021, the industry still shows signs of strong progress,” said Jeff Kauflin, Senior Editor, Forbes. “The honorees on this year’s Fintech 50 are pushing the boundaries of innovation in a challenging and unpredictable environment.”
Notable highlights from this year’s list include:
● Fintechs that serve other businesses – including the payments, business to business banking, and Wall Street and enterprise categories–did particularly well, claiming 31 of the total 50 spots. Those three categories also account for 13 of the 18 newcomers to this year’s list.
● Eight of the Fintech 50 winners were led by female CEOs, marking the highest level of female representation in the list’s 10-year history.
● More of the fintech honorees reported profitability, with 13 of the 50 honorees–up from eight last year–reporting profits on a generally accepted accounting principles (GAAP) basis in 2024.
● Notable entrepreneurs whose companies debuted on the list include: Darragh Buckley, Founder and CEO of Increase, Benjamin Fernandes, Co-Founder and CEO of Nala, Yinglian Xie, Co-founder and CEO of DataVisor, Sadi Khan, Co-Founder and CEO of Aven, Snigdha Kumar, Co-Founder and CEO of Brico, and Kai Stinchcombe, Co-Founder and CEO of True Link Financial.
To view the full list, features and methodology, visit:
Media contacts:
Christina Magrini, cmagrini@forbes.com
Feryal Nawaz, fnawaz@forbes.com