Ah, U.S. based fintech. That's what FintekNews was founded upon and we do try to keep our focus and here is a good example why. The first half of 2017 has seen $3.5 billion in capital raised for financial technology companies (fintech) according to KPMG. So, who got what and who are the biggest? Here are the ten most valuable fintech firms that are VC-backed. Wouldn't you just hate to be number 11?
(Bill Taylor/CEO)
"Financial technology companies in the U.S. raised $3.5 billion in the first half of 2017, according to KPMG, as investors rushed to place bets in buzzy sectors like insurance and digital currencies...
Here are the ten most valuable private venture-backed fintech players based in the U.S.:
1. Stripe
Value: $9.2 billion*...Allows merchants to accept online and mobile payments
2. SoFi
Value: $4.3 billion...Offers student loan refinancing and other services to Millennials
3. GreenSky
Value: $3.6 billion...Provides on-the-spot financing for home-improvement projects via its network of contractors.
4. Credit Karma
Value: $3.5 billion...Offers free credit scores and recommendations for credit cards and loans
5. Oscar
Value: $2.7 billion...Makes it simpler to buy and use health insurance under Obamacare
6. Avant
Value: $2 billion...Makes quick online loans to consumers with lower credit scores
7. Zenefits
Value: $2 billion...Sells a cloud-based human resources platform for businesses
8. Prosper
Value: $1.9 billion...Connects borrowers and investors for unsecured personal loans
9. AvidXchange
Value: $1.4 billion...Automates invoicing and bill payments for businesses
10. Robinhood
Value: $1.3 billion...Offers free trades of stocks and ETFs via mobile app
Full Story at Forbes