The rapid rise of financial technology has revolutionised how we spend, save and receive money in the 21st Century.
Many of the FinTech start–ups which have popped up in the last couple of decades have hit the coveted billion-dollar valuation mark.
For some, it’s been a long journey to unicorn status; but for others, the rise has been meteoric.
New research from Traders of Crypto has examined the rise of 100 of the biggest FinTech companies in the world, revealing just how long these global disrupters took to become unicorns.
The UK has 11 companies in the fastest 100 global FinTech unicorns, behind only the US (46) and China (13).
With an average-time-to-unicorn-status of 8.7 years, the UK is eighth in the list in terms of speed. Australia, China and Brazil lead the way.
Read on to see the fastest 10 global FinTech unicorns, plus other UK firms in the top 100.
The FinTech Billion
1. Brex
United States, Lending
2017-2018 – 1 year
2. Figure Technologies
United States, Lending
2018-2019 – 1 year
3. Linklogis
China, Lending
2016-2018 – 2 years
4. Ualá
Argentina, Banking
2017-2019 – 2 years
5. Zenefits
United States, Insurance
2013-2015 – 2 years
6. ZhongAn
China, Insurance
2013-2015 – 2 years
7. Avant
United States, Lending
2012-2015 – 3 years
8. Dave
United States, Banking
2016-2019 – 3 years
9. Monzo
United Kingdom, Banking
2015-2018 – 3 years
10. Rapyd
United Kingdom, Payments
2016-2019 – 3 years
11. Revolut
United Kingdom, Multi
2015-2018 – 3 years
16. Atom Bank
United Kingdom, Banking
2014-2018 – 4 years
27. OakNorth
United Kingdom, Lending
2013-2017 – 4 years
47. Transferwise (Now Wise)
United Kingdom, Payments
2010-2015 – 5 years
60. Checkout.com
United Kingdom, Payments
2012-2019 – 7 years
64. Greensill
United Kingdom, Lending
2011-2018 – 7 years
73. Funding Circle
United Kingdom, Lending
2010-2018 – 8 years
99. BGL Group
United Kingdom, Insurance
1992-2017 – 25 years
100. Radius Payment Solutions
United Kingdom, Payments
1990 -2017 – 27 years
For a further detailed breakdown of the FinTech Billion, visit Traders of Crypto