Share to linkedin... [+]In 2019, the boom times for financial technology startups rolled on. Total venture capital funding for private U.S. fintechs reached $18 billion, compared with $13 billion in 2018, according to CB Insights and PwC. That bucked the trend of aThe biggest fintechs got bigger. Among the companies on this year’s list of the ten most valuable, the average valuation is $9 billion.One of the largest surprises was digital bank Chime, whose valuation increased from $1.
Plaid connects payment apps like Square Cash and personal finance apps like Acorns to users' bank accounts to transfer and track funds. Doubled number of customers in 2019 to 2,600, while expanding to the U.K., Spain, France and Ireland. In 2020, Plaid made its fifth—and assuming its pending acquisition by Visa goes through, last—appearance on Forbes’ Fintech 50 list.
Cofounders: CEO Ken Lin, 44; CRO Nichole Mustard, 47; CTO Ryan Graciano, 38. The trio began working together in 2007, from separate cities. 9. Opendoor, $3.8 billion