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