The 10 Biggest Fintech Companies In America In 2022 | Forbes
It’s turning into a sobering year for fintech. After a carnival of new unicorns and mega-funding rounds in 2021, private fintech companies are now scrambling to cut costs and stretch out the funds they have to avoid needing to raise additional money at a lower valuation (known as a “down round”). Their fear is well grounded.
Still, it’s been a heck of a ride, fueled in part by the pandemic-accelerated shift towards so much shopping and banking online. In February 2020, just before Covid-19 hit the U.S, the average valuation of America’s ten biggest private fintech companies was $9 billion, and the cutoff to make the list was $3.7 billion.
For our 2022 list, those numbers have more than tripled–to an average value of $27.7 billion and a cutoff of $12 billion. Future funding rounds will show whether these record valuations reflect an about-to-burst bubble or are, perhaps, sustainable after a pause.
Read the full story on Forbes: https://www.forbes.com/sites/isabelcontreras/2022/06/07/the-10-biggest-fintech-companies-in-america-2022/?sh=54368f6b7d08
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Видео The 10 Biggest Fintech Companies In America In 2022 | Forbes канала Forbes
Still, it’s been a heck of a ride, fueled in part by the pandemic-accelerated shift towards so much shopping and banking online. In February 2020, just before Covid-19 hit the U.S, the average valuation of America’s ten biggest private fintech companies was $9 billion, and the cutoff to make the list was $3.7 billion.
For our 2022 list, those numbers have more than tripled–to an average value of $27.7 billion and a cutoff of $12 billion. Future funding rounds will show whether these record valuations reflect an about-to-burst bubble or are, perhaps, sustainable after a pause.
Read the full story on Forbes: https://www.forbes.com/sites/isabelcontreras/2022/06/07/the-10-biggest-fintech-companies-in-america-2022/?sh=54368f6b7d08
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
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Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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