For six years, we’ve published our Fintech 50 list, highlighting the top private companies that are transforming finance through technology. (Here’s last year’s list.) From digital banks and payments startups to cryptocurrency companies trying to build a new financial system, these businesses are improving the cost, efficiency and access of financial services.
We’re updating the list for the seventh year, a months-long process that involves a team of a dozen reporters and editors. We divide the work into fintech subcategories, speak with industry investors, analysts, entrepreneurs and executives, evaluate hundreds of companies and ultimately choose 50.
We need your help with nominations. What companies deserve to make the list and why? The more you can share about their growth, including revenue over the past two years, the more likely you’ll get our attention. Please read our methodology below and see the end of this article for the link to the nomination form.
We look for companies making a deep impact on consumers and businesses through innovation. This usually means they’re growing more quickly than competitors, regularly releasing new products or making major strategic improvements—not simply offering services that have looked the same for years.
We don’t base the list solely on quantitative metrics or require a minimum amount of revenue or number of customers. We also don’t have a cap for business size, but the companies we select tend to be venture-backed startups, since they’re often best equipped to drive industry change.
Other important criteria we consider:
- Strong growth over the past year, and at a faster pace than competitors
- Have a publicly live, working product
- Have significant U.S. operations
- No public companies or their subsidiaries
- We define fintech companies as those that apply technology to the categories of cryptocurrencies and blockchain, insurance, investing, payments, personal finance (budgeting, digital banking, consumer credit and lending, etc.), real estate, business to business lending, trading and capital markets and other business-to-business financial software.
If you know of a company that deserves a chance, please fill out this form before March 10, 2022. Please don’t make multiple submissions for the same company—the number of nominations has no bearing on our selection. We look forward to reading your submissions.