Top 10 FinTech Decacorns

The growth of the fintech sector has seen several companies achieve the coveted ‘decacorn’ status - startups valued at over US$10bn. 

From payment processing giants like Stripe and Checkout.com to digital banking innovators such as Revolut and Chime, these companies are reshaping how we interact with money. 

This list explores the Top 10 fintech decacorns, examining their remarkable growth, innovative solutions and significant market impact. 

Together, these companies process trillions in transactions annually, serve hundreds of millions of customers worldwide and represent some of the most valuable private companies in the financial technology space.

10. FNZ

• CEO: Blythe Masters

• Revenue: £1bn (US$1.3bn)

• Headquarters: London, UK

• Employees: 5,001-10,000

• Founded: 2003

FNZ has emerged as a leading force in the wealth management technology sector, reaching a remarkable US$20bn valuation in February 2022 and joining the elite group of decacorn companies. This global platform serves as a crucial technology partner for prominent financial institutions, overseeing more than US$1.5tn in assets on behalf of 24 million individual investors. FNZ's impressive expansion can be attributed to its strategic approach, which includes key acquisitions and collaborations with over 650 financial organisations worldwide.

9. Brex

• CEO: Pedro Franceschi

• Revenue: £225m (US$292m)

• Employees: 1,545

• Founded: 2017

Brex has quickly established itself as a major force in the fintech sector, achieving a remarkable valuation of £9.6bn (US$12.4bn) and joining the exclusive club of decacorn companies. The firm has transformed corporate financial services by introducing high-limit credit cards and specialised spend management tools designed for startups and rapidly expanding businesses. With the backing of investors, Brex has successfully raised £1.17bn (US$1.5bn) in funding.

8. Blockchain.com

• CEO: Peter Smith

• Revenue: £1bn (US$1.3bn) (estimated)

• Headquarters: London, UK

• Employees: 501-1,000

• Founded: August 2011

Blockchain.com has carved out a significant position in the cryptocurrency sector, reaching a valuation of £14bn (US$18.2bn) in November 2023. The platform has grown to serve a substantial user base, including both individual consumers and institutional clients across the globe. Company data indicates that users have created over 89 million wallets on the platform, with transaction volumes exceeding £800bn (US$1.04tn).

7. Rapyd

• CEO: Arik Shtilman

• Revenue: US$1.25bn (estimated)

• Headquarters: London, UK

• Employees: 850

• Founded: 2016

Rapyd, a fintech-as-a-service provider, has grown significantly, reaching a reported US$15bn valuation. The platform processes over US$100bn in annual transactions for clients including Meta, Netflix, and Uber. Rapyd has expanded through acquisitions, notably purchasing PayU's Global Payments Organisation, and now operates in over 100 jurisdictions. With US$775m in total funding, the company plans to go public in 2026.

6. Wise

• CEO: Kristo Käärmann

• Revenue: US$1.1bn (2023)

• Headquarters: London, UK

• Employees: 5,000+

• Founded: 2011

London-based Wise has transformed cross-border payments since shedding its TransferWise moniker. By championing transparent fees and competitive rates, the fintech firm has won over 13 million customers worldwide, challenging the status quo of international banking. Its watershed moment came through a direct listing on the London Stock Exchange in 2021, reaching an £8bn (US$10.3bn) valuation.

5. Klarna

• CEO: Sebastian Siemiatkowski

• Revenue: US$1.9bn (2022)

• Headquarters: Stockholm, Sweden

• Employees: 5,000+

• Founded: 2005

Klarna has gained prominence with its 'buy now, pay later' payment option for online shopping. The firm experienced rapid growth, reaching a valuation of US$45.6bn in 2021, though this figure adjusted to US$6.7bn in 2022 amid changing market conditions. Klarna reports serving over 150 million consumers worldwide and collaborating with more than 500,000 retailers.

4. Chime

• CEO: Chris Britt

• Revenue: US$1.5bn (annualised)

• Headquarters: San Francisco, USA

• Employees: 1,300

• Founded: 2013

Chime, a leading US digital banking platform, reached a peak valuation of US$25bn in 2021, later adjusting to US$8bn due to market shifts. Serving seven million customers, Chime processes US$8bn in monthly transactions. Its model features fee-free banking, early wage access, and an interest-free secured credit card. These offerings have fueled Chime's growth, particularly among those seeking alternatives to traditional banks.

3. Revolut

• CEO: Nik Storonsky

• Revenue: US$2.2bn (2023)

• Headquarters: London, UK

• Employees: 10,000+

• Founded: 2015

Revolut, a UK-based fintech founded in 2015, reached a US$33bn valuation in 2021. The company reports serving over 25 million personal customers and 500,000 businesses across 38 countries. Revolut offers multi-currency accounts, cryptocurrency trading, and stock investments. Despite the growth, it faces regulatory challenges, including an ongoing process for a UK banking license since 2021.

2. Checkout.com

• CEO: Guillaume Pousaz

• Revenue: US$1.1bn (estimated)

• Headquarters: London, UK

• Employees: 1,900+

• Founded: 2012

Checkout.com, a global payment solutions provider, achieved a significant valuation of US$40bn in 2022. The company handles transactions for large enterprises across 150 currencies, though specific transaction volumes are not publicly disclosed. Founded by Guillaume Pousaz, Checkout.com initially operated without external funding before securing a substantial Series A investment in 2019, which was notable in the European fintech sector at the time.

The firm's client base includes well-known companies such as Netflix and Sony, as well as other fintech firms like Klarna and Revolut. Checkout.com has established operations in 19 countries and continues to expand its services, recently venturing into cryptocurrency settlement solutions.

1. Stripe

• CEO: Patrick Collison

• Revenue: US$14bn (2022)

• Headquarters: San Francisco and Dublin

• Employees: 8,000+

• Founded: 2010

Stripe, a payment processing company founded by Patrick and John Collison, reached a valuation of US$95bn in 2021. The firm reports processing US$600bn in annual payments across 50 countries. Stripe's client base includes a range of businesses, and the company has attracted investment from notable figures and venture capital firms.

Since its inception, Stripe has expanded its offerings beyond core payment processing. The company launched Stripe Atlas, a service for business incorporation, and Stripe Climate, an initiative focused on carbon removal projects. These expansions reflect Stripe's efforts to diversify its services in the competitive fintech sector.

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