Ranking The 15 Biggest Fintech Firms

A fintech firm is a company that specializes in financial technology, such as online payments and banking.

Fintech firms are often startups, but there are also a number of large, well-established companies that operate in this space that have acquired fintech capability either through in house growth or through mergers with fintech startups.

Ranking the biggest tech firms can be difficult, as there are so many different areas of technology.

However, some firms are undoubtedly bigger than others. Here is a ranking of the biggest tech firms, based on their market capitalization with a brief list of the services they provide. It should be noted that most of the firms mentioned in this list provide non-fintech services as well, which we have not mentioned.

1. Visa

Visa was founded in 1958 in the United States. It is probably among the most well-known fintech firms, that people don`t even talk about because it is so obvious. Visa is in the paytech sector of the fintech and tops our list with a market capitalization of over 452 billion. It is simply the biggest fintech firm in the world right now.

Services provided:

• Payment solutions
• Data processing
• Cross border payment processing
• Authorization and licensing

2. Mastercard

Mastercard was founded in 1966, also in the United States. It is a major competitor to Visa, and also provides payment processing services. Mastercard is another big player in the paytech sector and comes in second on our list with a market capitalization of over 353 billion.

Services provided:

• Payment solutions
• Data processing
• Cross border payment processing
• Authorization and licensing

3. Ant Group

Ant Group was founded in 2014 in Beijing, China. Ant Group is an affiliate of the popular Chinese Alibaba group. It is one of the biggest tech firms in the world with a market capitalization of over 312 billion. The Chinese tech giant comes in at number three on our list. It operates in a number of fintech sectors including lending, investment, payments and delivery.

Services provided:

• Digital payment solutions
• Data processing
• Food delivery
• Transport
• Healthcare
• Consumer credit

4. Tencent

Tencent was founded in Shenzhen, China in 1998. It is one of the largest and most influential tech firms in the world and operates in a number of different sectors including fintech, gaming, social media and e-commerce.

Tencent is another Chinese fintech company that made it big on the global stage. Tencent has a market capitalization of upwards of 219 billion. It is operating in a number of fintech sectors including payments, artificial intelligence, regtech and gaming, etc.

Services provided:

• Mobile payment
• Wealth management
• Lending
• Trading

5. Intuit

Intuit was founded in 1983 in Palo Alto, California. Intuit is a well-known American software company that made it big in the fintech sector. The company has a market capitalization of over 132 billion. Intuit specializes in financial and tax preparation software.

Services provided:

• Personal financial management
• Bookkeeping and accounting

6. Paypal

Paypal was founded in December 1998 in California. Paypal is one of the most well-known and commonly used fintech companies in the world. The company has a market capitalization of over 117 billion. Paypal is a payment processing company that allows customers to make online payments.

Services provided:

• Online payment processing
• Lending

7. Stripe

Stripe is yet another payment processing company that was founded in 2010. The company has a market capitalization of over 95 billion. Stripe allows businesses to accept payments online and in apps. Paypal and Stripe offer similar services, while the services of Paypal are more suited for small businesses, Stripe primarily projects itself to big businesses.

Services provided:

• Online payment processing
• Lending

8. Adyen

Adyen is a Dutch payment processing company that was founded in 2006. The company has a market capitalization of over 64.8 billion. Adyen allows businesses to accept payments online and in apps.

Services provided:

• Online payment processing
• Lending
• Platform solutions

9. Fiserv

Fiserv is an American technology company that was founded in 1984. The company has a market capitalization of over 61 billion. Fiserv specializes in financial technology and provides a number of services such as payments, processing, lending, etc.

Services provided:

• Payment processing
• Remittance solutions
• Integrated digital banking
• Lending
• Public sector solutions

10. Square

Square is a payments company that was founded in 2009 by Jack Dorsey. The aim behind Squareup was to integrate various fintech services under one roof. The company has a market capitalization of over 50 billion. Square allows businesses to accept payments online and in apps.

Services provided:

• Payment processing
• E-commerce solutions
• POS solutions

11. Klarna

Klarna is a Swedish payments company that was founded in 2005. The company has a market capitalization of over 45 billion. Klarna allows businesses to accept payments online and in apps.

Services provided:

• Direct banking
• Identity verification and authorization

12. Nubank

Nubank is a Brazilian fintech (neobank) company that was founded in 2013. The company has a market capitalization of over 41 billion. Nubank is a digital-only bank that offers a variety of financial products and services such as loans, savings, prepaid cards, etc.

Services provided:

• All digital banking services

13. Checkout.com

Checkout.com is a UK based payment processing company that was founded in 2012. The company has a market capitalization of over 40 billion. Checkout.com allows businesses to accept payments online and in apps.

Services provided:

• Online payment processing

14. Grab

Grab is a Singapore based transportation and fintech company that was founded in 2012. The company has a market capitalization of over 39 billion. Grab started as a ride-hailing app and then soon diversified into insurtech and investment sectors.

Services provided:

• Payment processing
• Lending
• Insurtech
• BNPL

15. Coinbase

Coinbase is an American cryptocurrency exchange company that was founded in 2012. The company has a market capitalization of over 37 billion. Coinbase is one of the most popular cryptocurrency exchanges and allows customers to buy, sell and store cryptocurrencies.

Services provided:

• Cryptocurrency exchange
• Cryptocurrency trading

This was our list of 15 biggest fintech firms in the world, based on their market capitalization. You can notice that most of the firms are clustered around similar services such as payment processing and digital services. This shows that the market in the paytech sector is saturated. Any new startups looking to make their mark, should therefore substantially differentiate their products and services, if they are to survive in an already tough market.