2020 Fintech 50 by Forbes: Blockchain Companies on the Rise

Spotlight on the Fintech 50 List

This week, Forbes rolled out its much-anticipated Fintech 50 list, showcasing the crème de la crème of financial technology companies. Among the elite, six blockchain companies made the cut, proving that digital currency is no longer just a food for techies—it’s heating up the financial sector!

Who Made the Cut?

Snagging a coveted spot in this year’s roundup are:

Axoni
Chainalysis
Coinbase
Everledger
MakerDao
Ripple

These innovative firms represent the “Blockchain and Bitcoin” sector, and let’s just say: they’re not just a flash in the pan.

Categories Galore

Forbes curated the list alphabetically, a method that, while effective, made it tough for some to find their favorites without a little hunting. Don’t worry though! Outside of our blockchain heroes, the list also celebrated companies in payments, real estate, and insurance, with the likes of Plaid, Opendoor, and Lemonade.

Funding Insights

Let’s dive into the dollars! Funding varies significantly among the blockchain contenders:

Coinbase leads the pack with a whopping $525 million in funding—no surprise there as they dominate the crypto exchange world!
Ripple isn’t too far behind with $293 million.
On the other hand, Everledger reported a modest $20 million, proving that even small players can have a big impact.

Uniquely American

What do all these companies have in common? According to Forbes, they are private firms primarily operating within the glorious borders of our good ol’ U.S. of A. Out of the 50 listed, 48 are stateside denizens, with only two companies hailing from London. A true American dream story if there ever was one!

The Bigger Picture

Forbes states: “A couple things all our Fintech 50 2020 picks have in common: they’re private companies with operations or customers in the U.S., and they’re making it easier, faster and cheaper to use financial services.” It shows that at the heart of innovation lies the promise of convenience, and honestly, who wouldn’t want that?

So, whether you’re a fintech fanatic or just someone wondering what the heck blockchain really means, rest assured there’s a buzz happening in finance, and the 2020 Fintech 50 list is proof of that enthusiasm!