Polly Percival 2m 378
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
The UK has seen the second highest fintech investment in the world, with the sector contributing an estimated £11 billion to the UK economy alongside an additional 76,000 jobs. With this in mind, which fintech giants are the most influential in the world this year?
The research from Utility Bidder reveals the biggest fintech companies of 2022, by looking at factors such as valuation, funding, social following, and online visibility, to award an overall Fintech index score. So, which companies make the top 10?
The top 10 biggest fintech companies of 2022
﹡all figures were changed from USD to GBP as of September 2022.
What does the research tell us about the fintech industry?
- Chime is the most influential company in 2022’s fintech market, returning a score of 7.22 out of 10 in our index. The personal finance giant ranks second for funding (£2 billion) and latest valuation (£21.9 billion), behind Stripe and FTX respectively.
- Between the 50 fintech giants included in the study, an average Fintech score of 4.99 was awarded, with overall funding for the industry leaders standing at over £25 billion.
- Trading in NFTs increased by 21,000% in 2021, and OpenSea – the world’s largest NFT marketplace – ranks second in the study. They boast the most Twitter followers (1.8 million) and have received 2,889,600 Google searches in the last 12 months.
The fintech company with the highest valuation is FTX; the Bahamian cryptocurrency firm is the only contender outside the US to feature in the top 10. The company is currently valued at a whopping £28 billion; Over 17 times more than its funding of £1.6 billion.
The research by Utility Bidder follows on from their report profiling the Influential Fintechs of 2021. Chime, Stripe, and Carta remain in the top 10 for 2022, however, last year’s most influential fintech – Robinhood – did not appear in Forbes’ Fintech 50 in 2022, along with Kraken, Klarna and Wise.
You can review the full analysis by clicking here.