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Banking Unicorns

Top 27 Banking Unicorn Startups in 2021

Here’s a full list of unicorn companies in the banking industry that have made it to the US$1B valuation.

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The Banking sector has grown tremendously in recent years.

And, this can be attributed to the introduction of new technologies such as APIs, AI, Machine Learning, etc. that make financial services more convenient and efficient.

This post is about unicorns — privately held companies that reach billion-dollar valuations — that have some connection to banking.

We have collected a list of 96 Banking unicorn startups.

Top 27 Banking Unicorn Startups

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Ant Group

Ant Group

Ant Financial Services Group is a leading online financial services provider in China, covering consumer finance, wealth management products and more.

Details of the startup:

  • Valuation:

    $200

    B (

    March 2021

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2014

  • Founders:

    Lucy Peng

  • Industries:

    Banking, Financial Services, FinTech, Payments

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $22,000,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    15

here

Brex

Brex

Brex is an all-in-one business finance solution for growing companies.

Details of the startup:

  • Valuation:

    $3.00

    B (

    October 2018

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2017

  • Founders:

    Henrique Dubugras, Pedro Franceschi

  • Industries:

    Banking, Credit Cards, Financial Services, FinTech

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,157,120,000

  • Number of funding rounds:

    10

  • Number of investors:

    50

here

C6 Bank

C6 Bank

C6 Bank is a bank with no physical branches, but all the convenience of a traditional bank.

Details of the startup:

  • Valuation:

    $2.10

    B (

    December 2020

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2018

  • Founders:

    Carlos Fonseca, Leandro Torres, Luiz Calicchio

  • Industries:

    Banking, Credit Cards, Financial Services

  • Number of employees:

    500-1,000

  • Funding Amount:

    $269,147,150

  • Number of funding rounds:

    2

  • Number of investors:

    No Data

here

Chime

Chime

Chime is a financial technology company offering an online marketplace where members can find, select, compare financial products made specifically for them.

Details of the startup:

  • Valuation:

    $14.50

    B (

    March 2019

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2013

  • Founders:

    Chris Britt, Ryan King

  • Industries:

    Banking, Debit Cards, Financial Services, FinTech

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,542,603,117

  • Number of funding rounds:

    9

  • Number of investors:

    26

here

China UnionPay Merchant Services

China UnionPay Merchant Services

China UnionPay Merchant Services is a professional payment company that provides merchants with the opportunity to accept credit cards and other electronic payments.

Details of the startup:

  • Valuation:

    $2.90

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2001

  • Founders:

    Lin Tian

  • Industries:

    Banking, Customer Service, Finance, Financial Services, Professional Services

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $318,774,795

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Circle

Circle

Circle is the global crypto finance platform, making it possible for anyone to buy, sell, use, and accept crypto assets.

Details of the startup:

  • Valuation:

    $3.00

    B (

    May 2018

    )

  • Country:

    United States

  • City:

    Boston

  • Started in:

    2013

  • Founders:

    Jeremy Allaire, Sean Neville

  • Industries:

    Banking, Blockchain, Cryptocurrency, Finance, Financial Services, FinTech, Payments, Personal Finance

  • Number of employees:

    250-500

  • Funding Amount:

    $271,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    29

here

Creditas

Creditas

Creditas is a financial technology startup that connects creditworthy individuals with proprietary technology to obtain fast, simple, and competitive financing.

Details of the startup:

  • Valuation:

    $1.75

    B (

    December 2020

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2012

  • Founders:

    Sergio Furio

  • Industries:

    Banking, Consumer Lending, Finance, Financial Services, FinTech, Personal Finance

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $568,950,000

  • Number of funding rounds:

    8

  • Number of investors:

    21

here

Cross River Bank

Cross River Bank

Cross River provides a full range of financial services to meet your needs, and is committed to delivering exceptional service.

Details of the startup:

  • Valuation:

    $1

    B (

    December 2018

    )

  • Country:

    United States

  • City:

    Fort Lee

  • Started in:

    2008

  • Founders:

    Gilles Gade

  • Industries:

    Banking, Commercial Lending, Finance, Financial Services, Lending, Payments

  • Number of employees:

    250-500

  • Funding Amount:

    $361,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    8

here

Dave

Dave

Dave is a new type of bank that puts your financial mind at ease with free overdraft cash, budgeting, and side gigs.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2019

    )

  • Country:

    United States

  • City:

    Los Angeles

  • Started in:

    2016

  • Founders:

    Jason Wilk, John Wolanin, Paras Chitakar

  • Industries:

    Banking, Financial Services, FinTech, Internet

  • Number of employees:

    100-250

  • Funding Amount:

    $173,001,000

  • Number of funding rounds:

    6

  • Number of investors:

    16

here

Deposit Solutions

Deposit Solutions

Deposit Solutions provides an open banking platform that connects providers of deposit accounts (deposit banks) and consumers desiring to transact in deposited funds.

Details of the startup:

  • Valuation:

    $1.13

    B (

    September 2019

    )

  • Country:

    Germany

  • City:

    Hamburg

  • Started in:

    2011

  • Founders:

    Tim Sievers

  • Industries:

    Banking, Financial Services, FinTech

  • Number of employees:

    100-250

  • Funding Amount:

    $198,871,072

  • Number of funding rounds:

    6

  • Number of investors:

    11

here

Du Xiaoman Financial

Du Xiaoman Financial

Du Xiaoman Financial provides credit and investment services to consumers through a network of trusted partners.

Details of the startup:

  • Valuation:

    $3.30

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2015

  • Founders:

    No Data

  • Industries:

    Banking, Customer Service, Finance, Financial Services, FinTech

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $4,801,999,477

  • Number of funding rounds:

    2

  • Number of investors:

    4

here

Five Star Business Finance

Five Star Business Finance

Five-Star is a Registered Non Banking Finance Company (NBFC) with Reserve Bank of India (RBI). They offer hassle free and fast loans for all your needs.

Details of the startup:

  • Valuation:

    $1.40

    B (

    March 2021

    )

  • Country:

    India

  • City:

    Kilpauk

  • Started in:

    1984

  • Founders:

    V K Ranganathan

  • Industries:

    Banking, Finance, Financial Services, Personal Finance

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $456,059,600

  • Number of funding rounds:

    7

  • Number of investors:

    8

here

Judo Bank

Judo Bank

Judo is an online lending platform powered by technology that provides fast and flexible access to the capital you need to fuel your business growth.

Details of the startup:

  • Valuation:

    $1.21

    B (

    December 2020

    )

  • Country:

    Australia

  • City:

    Melbourne

  • Started in:

    2016

  • Founders:

    Alex Twigg, Chris Bayliss, David Hornery, Joseph Healy, Kate Keenan, Tim Alexander

  • Industries:

    Banking, Finance, Financial Services

  • Number of employees:

    100-250

  • Funding Amount:

    $1,694,470,072

  • Number of funding rounds:

    7

  • Number of investors:

    14

here

Lendable

Lendable

Lendable is a data-driven lending platform that provides decision-making tools to lenders.

Details of the startup:

  • Valuation:

    $1

    B (

    March 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2014

  • Founders:

    Jakob Schwarz, Martin Kissinger, Paul Pamment, Victoria van Lennep

  • Industries:

    Banking, Financial Services, Payments

  • Number of employees:

    50-100

  • Funding Amount:

    $1,336,304,367

  • Number of funding rounds:

    8

  • Number of investors:

    17

here

Mambu

Mambu

Mambu offers a scalable, customizable, and versatile software solution that gives banks the power to create various lending and deposit services on their own with a level of customization never before possible.

Details of the startup:

  • Valuation:

    $2.08

    B (

    January 2021

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2011

  • Founders:

    Eugene Danilkis, Frederik Pfisterer, Sofia Nunes

  • Industries:

    Banking, Financial Services, FinTech, Lending

  • Number of employees:

    250-500

  • Funding Amount:

    €152,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    9

here

Monzo

Monzo

Monzo is a digital-only bank that caters to users with busy lives. It is perfect for people who want a straightforward banking experience with affordable fees and full transparency.

Details of the startup:

  • Valuation:

    $1.61

    B (

    October 2018

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2015

  • Founders:

    Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield

  • Industries:

    Banking, Financial Services, FinTech, Marketplace

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    £434,678,108

  • Number of funding rounds:

    19

  • Number of investors:

    33

here

MX Technologies

MX Technologies

MX Technologies processes risk, identity and payment data to help fintech companies power new ways to manage money.

Details of the startup:

  • Valuation:

    $1.90

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Lehi

  • Started in:

    2010

  • Founders:

    Brandon Dewitt, Ryan Caldwell

  • Industries:

    Banking, Finance, Financial Services, FinTech

  • Number of employees:

    500-1,000

  • Funding Amount:

    $450,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    28

here

N26

N26

N26 is an online bank that offers mobile banking to customers within the European Union.

Details of the startup:

  • Valuation:

    $3.50

    B (

    January 2019

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2013

  • Founders:

    Maximilian Tayenthal, Valentin Stalf

  • Industries:

    Banking, Finance, Financial Services, FinTech

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $819,009,300

  • Number of funding rounds:

    9

  • Number of investors:

    18

here

Nubank

Nubank

Nubank is digital and mobile-only bank to seamlessly manage money transfers and credit cards.

Details of the startup:

  • Valuation:

    $25.00

    B (

    March 2018

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2013

  • Founders:

    Adam Edward Wible, Cristina Junqueira, David Velez

  • Industries:

    Banking, Credit Cards, Financial Services, FinTech, Payments

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,507,602,392

  • Number of funding rounds:

    11

  • Number of investors:

    19

here

Numbrs

Numbrs

Numbrs is a customer-centric, innovative financial services company that embraces a digital solution to solve some of the biggest industry challenges.

Details of the startup:

  • Valuation:

    $1.00

    B (

    August 2019

    )

  • Country:

    Switzerland

  • City:

    Zürich

  • Started in:

    1999

  • Founders:

    Boris Manhart, Martin Saidler

  • Industries:

    Apps, Banking, Finance, Financial Services, Information Technology, Lifestyle, Mobile

  • Number of employees:

    100-250

  • Funding Amount:

    $105,424,719

  • Number of funding rounds:

    9

  • Number of investors:

    10

here

OakNorth

OakNorth

OakNorth develops and delivers intelligent decision-making tools that can transform and enhance the lending process.

Details of the startup:

  • Valuation:

    $2.80

    B (

    October 2017

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2015

  • Founders:

    Joel Perlman, Rishi Khosla

  • Industries:

    Artificial Intelligence, Banking, Finance, Financial Services, FinTech, Lending

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,041,034,147

  • Number of funding rounds:

    8

  • Number of investors:

    9

here

Revolut

Revolut

Revolut is a financial services company that provides payment solutions to businesses and individuals.

Details of the startup:

  • Valuation:

    $5.50

    B (

    April 2018

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2014

  • Founders:

    Nikolay Storonsky, Vlad Yatsenko

  • Industries:

    Banking, Customer Service, Financial Services, FinTech, Mobile Payments

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $905,469,790

  • Number of funding rounds:

    13

  • Number of investors:

    40

here

Starling Bank

Starling Bank

Starling Bank is a mobile-only bank for personal and business current accounts.

Details of the startup:

  • Valuation:

    $1.95

    B (

    March 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2014

  • Founders:

    Anne Boden

  • Industries:

    Banking, Financial Services, FinTech

  • Number of employees:

    500-1,000

  • Funding Amount:

    $922,023,934

  • Number of funding rounds:

    10

  • Number of investors:

    11

here

Stash

Stash

Stash brings together all your financial tools in one place and helps you make more informed decisions.

Details of the startup:

  • Valuation:

    $1.40

    B (

    February 2021

    )

  • Country:

    United States

  • City:

    New York

  • Started in:

    2015

  • Founders:

    Brandon Krieg, David Ronick, Ed Robinson

  • Industries:

    Banking, Financial Services, FinTech, Mobile Apps, Personal Finance

  • Number of employees:

    250-500

  • Funding Amount:

    $427,372,000

  • Number of funding rounds:

    10

  • Number of investors:

    12

here

Trumid

Trumid

Trumid helps to build data products to facilitate pricing and information discovery for the credit community.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2020

    )

  • Country:

    United States

  • City:

    New York

  • Started in:

    2014

  • Founders:

    Ronnie Mateo

  • Industries:

    Banking, Electronics, Finance, Financial Services, FinTech, Trading Platform

  • Number of employees:

    10-50

  • Funding Amount:

    $402,250,000

  • Number of funding rounds:

    6

  • Number of investors:

    18

here

WeBank

WeBank

WeBank is a private commercial bank that employs facial recognition security software when conducting transactions.

Details of the startup:

  • Valuation:

    $21.20

    B (

    November 2018

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2014

  • Founders:

    Min Gu

  • Industries:

    Banking, Finance, Financial Services, Online Portals

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥1,200,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

WeLab

WeLab

WeLab is a Hong Kong-based online bank and consumer finance platform. It offers a full suite of end-to-end technology solutions to help financial institutions manage risk and increase yield.

Details of the startup:

  • Valuation:

    $1.00

    B (

    November 2017

    )

  • Country:

    Hong Kong

  • City:

    Sheung Wan

  • Started in:

    2013

  • Founders:

    Aananth Solaiyappan, Frances Kang, Kelly Wong, Simon Loong

  • Industries:

    Banking, Finance, Financial Services, FinTech, Personal Finance

  • Number of employees:

    500-1,000

  • Funding Amount:

    $656,000,000

  • Number of funding rounds:

    9

  • Number of investors:

    18

here
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