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Based in Oakland, the company had an IPO recently above $1.2B and was founded by CEO Jason Gardner. With the rise in eCommerce and on-demand delivery, Marqeta experienced a surge in transactions (300% year-over-year). Instacart employees making authorized purchases of food delivery). Companies issuing cards to workers/customers can limit the categories and amounts approved (e.g. MARQETA: helps businesses monitor and control the usage of company cards upfront with its processor platform, minimizing unauthorized transactions and fraud. Based in San Francisco, the company was founded in 2016 by Richie Serna (CEO) and Sean Donovan, and is valued at $450M. Last year, Finix acheived 3x growth in volume ($5B in processing).
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There’s no increased overhead in building an in-house processing system from scratch and the revenue increase can be up to 0.4% per transaction (compared to traditional merchant providers). Based in San Francisco, Bolt was started in 2014 by Ryan Breslow and Eric Feldman.įINIX: is a payment infrastructure platform that to allows companies to own, manage, and monetize more of their payments experience through credit and debit card processing. One-click purchasing is available for 5M+ users - the company passed $1B in transactions processed last year. PAYMENTS (5):īOLT: has an e-commerce checkout platform that reduces transaction times and includes built-in tools for fraud prevention, merchant loyalty programs, and buy-now-pay-later (BNPL) installment payments. Here’s the breakdown across 7 key sectors in FinTech. Affirm and Coinbase are considered graduates as both entered public markets in the four months. 10 of the 20 were also featured on last year’s list. Only 20 of the fintechs making the list have their headquarters locally (down from 24 in 2020). How did the San Francisco Bay Area hub perform in 2021?
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Feel free to take a look back at the lists from 2018, 2019, and 2020.
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As the industry continues to mature and grow in volume and valuation, many of these early startups are poised to become acquired or publicly launch. What does the financial services industry look like post-pandemic? The new set of Forbes FinTech 50 may shed light on what to expect from FinTech’s top startups across 7 verticals (such as payments, insurance, and personal finance).įor FinTechtris, this is our 4th year covering the Bay Area fintechs that have made the list - many of which are repeats (such as Marqeta, Plaid, Brex). The State of California officially opened back up yesterday - about 15 months after starting lockdown due to COVID-19.
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