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The Founder's Handbook

Top 44 Banking Unicorns in 2024

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The Banking industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Banking space, these 44 companies should be your inspiration.

44 Banking Unicorns Companies

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2,189 Accelerators & Incubators

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1) Revolut

Revolut

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

Details of the startup:

  • Valuation: $33.00B (April 2018)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2015
  • Founders: Nikolay Storonsky, Vlad Yatsenko
  • Number of employees: 1,000-5,000
  • Funding: $1,715.98M
  • Funding rounds: 15
  • Number of investors: 41

You can find their website here.

2) 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: $25.00B (March 2019)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Chris Britt, Ryan King
  • Number of employees: 1,000-5,000
  • Funding: $3,396.75M
  • Funding rounds: 10
  • Number of investors: 30

You can find their website here.

3) Brex

Brex

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

Details of the startup:

  • Valuation: $12.30B (October 2018)
  • Country: United States
  • State: Utah
  • City: Draper
  • Started in: 2017
  • Founders: Henrique Dubugras, Pedro Franceschi
  • Number of employees: 500-1,000
  • Funding: $1,490.12M
  • Funding rounds: 11
  • Number of investors: 52

You can find their website here.

4) N26

N26

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

Details of the startup:

  • Valuation: $9.23B (January 2019)
  • Country: Germany
  • City: Berlin
  • Started in: 2013
  • Founders: Maximilian Tayenthal, Valentin Stalf
  • Number of employees: 1,000-5,000
  • Funding: $1,722.36M
  • Funding rounds: 10
  • Number of investors: 22

You can find their website here.

5) Upgrade

Upgrade

Upgrade is the first ultralow-cost, transparent alternative to payday loans and other expensive forms of short-term credit.

Details of the startup:

  • Valuation: $6.28B (February 2018)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2016
  • Founders: Adelina Grozdanova, Jeff Bogan, Matt Wierman, Renaud Laplanche, Soul Htite, Visar Nimani
  • Number of employees: 250-500
  • Funding: $562.50M
  • Funding rounds: 8
  • Number of investors: 27

You can find their website here.

6) iCapital Network

iCapital Network

iCapital Network is an online platform for alternative investments and investors.

Details of the startup:

  • Valuation: $6.00B (July 2021)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2013
  • Founders: Dan Vene, John Robertshaw, Nick Veronis, Phil Pool
  • Number of employees: 250-500
  • Funding: $181.50M
  • Funding rounds: 11
  • Number of investors: 27

You can find their website here.

7) 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: $5.50B (January 2021)
  • Country: Netherlands
  • City: Amsterdam
  • Started in: 2011
  • Founders: Eugene Danilkis, Frederik Pfisterer, Sofia Nunes
  • Number of employees: 500-1,000
  • Funding: $445.51M
  • Funding rounds: 7
  • Number of investors: 10

You can find their website here.

8) 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: $5.05B (December 2020)
  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2018
  • Founders: Carlos Fonseca, Leandro Torres, Luiz Calicchio, Marcelo Kalim
  • Number of employees: 1,000-5,000
  • Funding: $2,370.50M
  • Funding rounds: 3
  • Number of investors: 1

You can find their website here.

9) Qonto

Qonto

Qonto is an online bank that provides financial tools for small and medium-sized businesses and freelancers.

Details of the startup:

  • Valuation: $5.00B (January 2022)
  • Country: France
  • City: Paris
  • Started in: 2016
  • Founders: Alexandre Prot, Steve Anavi
  • Number of employees: 250-500
  • Funding: $703.39M
  • Funding rounds: 5
  • Number of investors: 18

You can find their website here.

10) OakNorth Bank

OakNorth Bank

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

Details of the startup:

  • Valuation: $5.00B (October 2017)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2015
  • Founders: Joel Perlman, Rishi Khosla
  • Number of employees: 500-1,000
  • Funding: $990.52M
  • Funding rounds: 8
  • Number of investors: 9

You can find their website here.

11) 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: $4.80B (December 2020)
  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2012
  • Founders: Sergio Furio
  • Number of employees: 1,000-5,000
  • Funding: $867.44M
  • Funding rounds: 10
  • Number of investors: 25

You can find their website here.

12) 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: $4.50B (October 2018)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2015
  • Founders: Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
  • Number of employees: 1,000-5,000
  • Funding: $1,240.65M
  • Funding rounds: 21
  • Number of investors: 37

You can find their website here.

13) Starling Bank

Starling Bank

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

Details of the startup:

  • Valuation: $3.34B (March 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2014
  • Founders: Anne Boden
  • Number of employees: 500-1,000
  • Funding: $905.62M
  • Funding rounds: 10
  • Number of investors: 11

You can find their website here.

14) Cross River

Cross River

Cross River is a financial institution that provides consumers and businesses with technology and banking services.

Details of the startup:

  • Valuation: $3.00B (February 2022)
  • Country: United States
  • State: New Jersey
  • City: Fort Lee
  • Started in: 2008
  • Founders: Gilles Gade
  • Number of employees: 501-1000
  • Funding: $908.00M
  • Funding rounds: 6
  • Number of investors: 15

You can find their website here.

15) 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: $3.00B (May 2018)
  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2013
  • Founders: Jeremy Allaire, Sean Neville
  • Number of employees: 100-250
  • Funding: $3,497.00M
  • Funding rounds: 10
  • Number of investors: 39

You can find their website here.

16) Thought Machine

Thought Machine

Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking.

Details of the startup:

  • Valuation: $2.70B (November 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2014
  • Founders: Paul Taylor
  • Number of employees: 250-500
  • Funding: $402.05M
  • Funding rounds: 5
  • Number of investors: 13

You can find their website here.

17) BackBase

BackBase

Backbase enables financial institutions to speed up their digital transformation and compete effectively in a digital-first world.

Details of the startup:

  • Valuation: $2.66B (June 2022)
  • Country: The Netherlands
  • State: Noord-Holland
  • City: Amsterdam
  • Started in: 2003
  • Founders: Gerbert Kaandorp, Jouk Pleiter
  • Number of employees: 1001-5000
  • Funding: $127.41M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

18) Varo Bank

Varo Bank

Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design.

Details of the startup:

  • Valuation: $2.50B (September 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2015
  • Founders: Assaf Guery, Colin Walsh, Mykola Klymenko, Roger Van Duinen
  • Number of employees: 500-1,000
  • Funding: $991.33M
  • Funding rounds: 8
  • Number of investors: 25

You can find their website here.

19) Uala

Uala

Ualá is a fintech company that offers a financial ecosystem through an app, linked to a free international Mastercard card.

Details of the startup:

  • Valuation: $2.45B (August 2021)
  • Country: Argentina
  • City: Buenos Aires
  • Started in: 2017
  • Founders: Pierpaolo Barbieri
  • Number of employees: 1,000-5,000
  • Funding: $608.00M
  • Funding rounds: 7
  • Number of investors: 22

You can find their website here.

20) Trumid

Trumid

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

Details of the startup:

  • Valuation: $2.40B (July 2020)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2014
  • Founders: Ronnie Mateo
  • Number of employees: 100-250
  • Funding: $711.73M
  • Funding rounds: 8
  • Number of investors: 25

You can find their website here.

21) Current

Current

Current is a financial technology company that offers mobile payments, online banking, and financial services.

Details of the startup:

  • Valuation: $2.20B (April 2021)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2015
  • Founders: Stuart Sopp
  • Number of employees: 50-100
  • Funding: $383.41M
  • Funding rounds: 5
  • Number of investors: 18

You can find their website here.

22) Jeeves

Jeeves

Jeeves is a fintech company that specialises in expense management and payment processing.

Details of the startup:

  • Valuation: $2.10B (March 2022)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2019
  • Founders: Dileep Thazhmon, Sherwin Gandhi
  • Number of employees: 101-250
  • Funding: $368.00M
  • Funding rounds: 5
  • Number of investors: 52

You can find their website here.

23) Modern Treasury

Modern Treasury

Modern Treasury offers a payment operations platform used to simplify and modernize business payments.

Details of the startup:

  • Valuation: $2.00B (October 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2018
  • Founders: Dimitri Dadiomov, Matthew Marcus, Sam Aarons
  • Number of employees: 10-50
  • Funding: $133.12M
  • Funding rounds: 4
  • Number of investors: 10

You can find their website here.

24) Bunq

Bunq

Bunq is a self-sufficient neobank dedicated to assisting users in saving time, money, and the environment.

Details of the startup:

  • Valuation: $2.00B (June 2021)
  • Country: Netherlands
  • City: Amsterdam
  • Started in: 2013
  • Founders: Ali Niknam
  • Number of employees: 100-250
  • Funding: $228.00M
  • Funding rounds: 5
  • Number of investors: 2

You can find their website here.

25) Zilch

Zilch

Zilch is a buy now, pay later app that allows its customers to shop wherever Mastercard is accepted.

Details of the startup:

  • Valuation: $2.00B (November 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2018
  • Founders: Philip Belamant
  • Number of employees: 100-250
  • Funding: $339.20M
  • Funding rounds: 5
  • Number of investors: 6

You can find their website here.

26) Lunar

Lunar

Lunar is a digital bank that offers a mobile-based banking app that helps consumers manage their personal finances.

Details of the startup:

  • Valuation: $2.00B (July 2021)
  • Country: Denmark
  • City: Aarhus
  • Started in: 2015
  • Founders: Ken Villum Klausen
  • Number of employees: 250-500
  • Funding: $371.29M
  • Funding rounds: 9
  • Number of investors: 13

You can find their website here.

27) Akulaku

Akulaku

Akulaku is Southeast Asia's premier banking and digital financial platform.

Details of the startup:

  • Valuation: $2.00B (February 2022)
  • Country: Indonesia
  • City: Jakarta
  • Started in: 2014
  • Founders: Gordon Hu, William LI
  • Number of employees: 1,000-5,000
  • Funding: $455.00M
  • Funding rounds: 10
  • Number of investors: 15

You can find their website here.

28) 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: $1.90B (January 2021)
  • Country: United States
  • State: Utah
  • City: Lehi
  • Started in: 2010
  • Founders: Brandon Dewitt, Ryan Caldwell
  • Number of employees: 500-1,000
  • Funding: $454.13M
  • Funding rounds: 4
  • Number of investors: 28

You can find their website here.

29) solarisBank

solarisBank

Solarisbank is a Banking-as-a-Service platform that enables other companies to offer their own financial services via APIs.

Details of the startup:

  • Valuation: $1.65B (July 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2016
  • Founders: Andreas Bittner, Marko Wenthin
  • Number of employees: 250-500
  • Funding: $402.46M
  • Funding rounds: 5
  • Number of investors: 21

You can find their website here.

30) Capitolis

Capitolis

Capitolis is a provider of technology that addresses capital market constraints in equities and foreign exchange.

Details of the startup:

  • Valuation: $1.60B (March 2022)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2017
  • Founders: Gil Mandelzis, Igor Teleshevsky, Thomas Glocer
  • Number of employees: 101-250
  • Funding: $281.84M
  • Funding rounds: 7
  • Number of investors: 13

You can find their website here.

31) Mercury

Mercury

Mercury is a digital banking company that provides banking services and bank accounts designed specifically for startups.

Details of the startup:

  • Valuation: $1.60B (July 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2019
  • Founders: Immad Akhund, Jason Zhang, Max Tagher
  • Number of employees: 100-250
  • Funding: $462.00M
  • Funding rounds: 6
  • Number of investors: 39

You can find their website here.

32) Zeta

Zeta

Zeta is a modern banking tech company providing Modern Core and Processing for FIs and Embeddable Banking for fintechs and distributors.

Details of the startup:

  • Valuation: $1.50B (May 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2015
  • Founders: Bhavin Turakhia, Ramki Gaddipati
  • Number of employees: 500-1,000
  • Funding: $273.00M
  • Funding rounds: 2
  • Number of investors: 2

You can find their website here.

33) Stash

Stash

Stash is a personal finance app that combines banking, investing, and advice into one platform.

Details of the startup:

  • Valuation: $1.40B (February 2021)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2015
  • Founders: Brandon Krieg, David Ronick, Ed Robinson
  • Number of employees: 250-500
  • Funding: $439.25M
  • Funding rounds: 10
  • Number of investors: 12

You can find their website here.

34) Neon

Neon

Neon is a digital bank that offers credit cards, personal loans, and investment products, among other services.

Details of the startup:

  • Valuation: $1.38B (February 2022)
  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2016
  • Founders: Pedro Conrade
  • Number of employees: 500-1,000
  • Funding: $720.42M
  • Funding rounds: 7
  • Number of investors: 13

You can find their website here.

35) Unit

Unit

Unit assists technology companies in incorporating financial features into their products.

Details of the startup:

  • Valuation: $1.20B (May 2022)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2019
  • Founders: Doron Somech, Itai Damti
  • Number of employees: 501-1000
  • Funding: $169.60M
  • Funding rounds: 5
  • Number of investors: 11

You can find their website here.

36) The Bank of London

The Bank of London

The Bank of London is a global clearing, agency, and transaction bank advancing the economic infrastructure of the future.

Details of the startup:

  • Valuation: $1.10B (November 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2018
  • Founders: Anthony Watson
  • Number of employees: 10-50
  • Funding: $90.00M
  • Funding rounds: 1
  • Number of investors: 3

You can find their website here.

37) Oyster

Oyster

Oyster is a provider of digital financial services for freelancers, startups, and small and medium-sized businesses (SMEs).

Details of the startup:

  • Valuation: $1.00B (April 2022)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2018
  • Founders: Gabriel Leon, Vilash Poovala
  • Number of employees: 51-100
  • Funding: $14.00M
  • Funding rounds: 2
  • Number of investors: 10

You can find their website here.

38) Satispay

Satispay

Satispay is a fintech company that offers a mobile payment platform that accepts bank accounts.

Details of the startup:

  • Valuation: $1.00B (September 2022)
  • Country: Italy
  • State: Lombardia
  • City: Milan
  • Started in: 2013
  • Founders: Alberto Dalmasso, Dario Brignone, Samuele Pinta
  • Number of employees: 251-500
  • Funding: $471.47M
  • Funding rounds: 10
  • Number of investors: 26

You can find their website here.

39) Clara

Clara

Spend management from start to finish for Latin American businesses.

Details of the startup:

  • Valuation: $1.00B (December 2021)
  • Country: Mexico
  • City: Mexico City
  • Started in: 2020
  • Founders: Diego Garcia, Gerry Giacoman Colyer, Guilherme Penna
  • Number of employees: 100-250
  • Funding: $108.50M
  • Funding rounds: 6
  • Number of investors: 43

You can find their website here.

40) 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: $1.00B (August 2019)
  • Country: Switzerland
  • City: Zurich
  • Started in: 1999
  • Founders: Boris Manhart, Johannes Huebner, Martin Saidler
  • Number of employees: 100-250
  • Funding: $127.60M
  • Funding rounds: 9
  • Number of investors: 10

You can find their website here.

41) Amount

Amount

Amount is a financial technology startup that speeds financial institutions' digital transformation.

Details of the startup:

  • Valuation: $1.00B (May 2021)
  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2019
  • Founders: Al Goldstein, Al Goldstein
  • Number of employees: 250-500
  • Funding: $187.50M
  • Funding rounds: 3
  • Number of investors: 10

You can find their website here.

42) Xendit

Xendit

Xendit is fintech company that provides payment infrastructure across South East Asia.

Details of the startup:

  • Valuation: $1.00B (September 2021)
  • Country: Indonesia
  • City: Jakarta
  • Started in: 2014
  • Founders: Bo Chen, Juan Gonzalez, Moses Lo, Tessa Wijaya
  • Number of employees: 500-1,000
  • Funding: $215.01M
  • Funding rounds: 6
  • Number of investors: 9

You can find their website here.

43) TrueLayer

TrueLayer

TrueLayer is a fintech platform utilized to build financial apps that connect to bank data, verify accounts, and access transactions.

Details of the startup:

  • Valuation: $1.00B (September 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2016
  • Founders: Francesco Simoneschi, Luca Martinetti
  • Number of employees: 250-500
  • Funding: $271.80M
  • Funding rounds: 8
  • Number of investors: 24

You can find their website here.

44) 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: $1.00B (November 2017)
  • Country: Hong Kong
  • Started in: 2013
  • Founders: Aananth Solaiyappan, Frances Kang, Kelly Wong, Simon Loong
  • Number of employees: 500-1,000
  • Funding: $896.00M
  • Funding rounds: 11
  • Number of investors: 19

You can find their website here.

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