The number of fintech companies in the US has been on the rise. Statistics show that their number has been increasing by more than 200% each year. This increase has been largely attributed to the increasing needs for businesses to create more efficient financial solutions. Each year, there’s a new top fintech company in the USA that overtakes all others. Below is a list of the top fintech companies in USA:

1. Stripe

This is a top fintech company with an estimated net worth of around $95 billion. Stripe was founded by 2 Irish brothers named John Collison and Patrick Collison back in 2011. This company has played a significant role in helping SMEs to process online payments easily. Stripe also serves some huge tech companies like zoom and Microsoft. Apart from being a top fintech company in the USA, it’s also the second-best startup across the globe.

2. Plaid

Plaid has been in existence since 2012. It was founded by Zack Perret and William Hockey, who were once junior consultants in a company called Bain. Most giant companies like Coinbase and Robinhood have depended on this fintech company in connecting their clients to their bank accounts. In 2020, this company saw its customer base double to 4,500. Plaid has an estimated valuation of $13.4 billion.

3. AvidXchange

AvidXchange is a company offering payment solutions to business entities. The company has automated software to make issues like invoice management, purchase order management, and bill payments easier. AvidXchange has been in existence since 2000 and is located in Charlotte.

4. Chime

Chime is another top fintech company in the USA founded by Chris Britt and Ryan King. This company is one of the giant digital quasi banks across the entire US. It offers financial solutions through its services, including debit cards, free checking accounts as well as overdraft protection. Chime got revenues estimated to be around $600 million in the year 2020 after the rollout of starter credit cards. Chime fintech company has an estimated valuation of $14.5 billion.

5. SoFi

It’s located in San Francisco and was founded in 2011. SoFi is an online lending platform that offers personal loans, business loans, home loans, student loans, etc. SoFi also offers insurance coverage for its clients, including home insurance, car insurance, life insurance, travel insurance, among others. They also have an application for cryptocurrency, financial services, electronic funds transfer, and stock trading.

6. Kraken

It was founded by one of the well-known serial entrepreneurs called Jesse Powell. Kraken is based in San Francisco and deals with cryptocurrency exchange. In fact, it’s the second-largest fintech company dealing with this after Coinbase. Currently, this fintech company has some plans to develop a banking product to solve other financial needs. Kraken has an estimated valuation of approximately $20 billion.

In conclusion, these are some of the top fintech companies in the USA. Others are Varo, Tradeshift, Brex, and Carta. Each fintech company has something special that makes people recommend their services. Statistics show that most of them are growing their customer bases each year.

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