Fintech 50 2019: The Newcomers

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These 20 companies are newcomers to the Fintech50 2019 list:

It is currently putting the $10 trillion credit derivative market onto smart contracts working with DTCC and a steering committee of 15 of the world’s biggest banks. It’s already settling foreign exchange trades using the blockchain.Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which provides institutional trading tools for cryptocurrencies.

Founder & CEO: Erkin Adylov, 35, a Kyrgyzstan-born former Goldman analyst and hedge fund portfolio managerIts mobile-ready checkout software for ecommerce sites incorporates sales analysis and fraud prevention, topped by a guarantee to cover any fraud losses. Bolt claims the integrated functions can cut checkout times from more than one minute to 30 seconds. In the year since its early 2018 launch, it has grown from 10 to 75 employees.

Funding: $148 million from Spark Capital, Tribe Capital, Meritech and others; latest valuation: $800 million Funding: $105 million from Menlo Ventures, Crosslink, Forerunner Ventures and others. Latest valuation: About $500 millionCofounders: CEO Chris Britt, 45, and CTO Ryan King, 42Crypto finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stable coin—a crypto asset using the Ethereum blockchain and backed by U.S. dollars.

 

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