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Fintech Nexus Newsletter (February 13, 2024): The 50 Hottest Startups in Fintech According to Forbes

Forbes is out with its ninth annual Fintech 50 this morning, a subjective list of the hottest startups in fintech.

The list is created by Forbes editors, is only open to private companies and it involves analyzing data as well as interviews with company CEOs and industry insiders. Profitability does not appear to be a major consideration.

Some of the biggest names in fintech like Stripe, Plaid, Chime, Ramp and MX are on the list as well as many lesser-known firms.

B2B firms made up the largest segment with crypto and real estate having a total of five companies combined on the list.

Congrats to everyone who made the 2024 list.


> The 50 Hottest Fintech Startups

By Jeff Kauflin

Despite the industry’s funding woes, some startups–particularly those serving others business—are thriving. Here’s the Forbes Fintech 50 for 2024.



From Fintech Nexus

> Banks and merchants can successfully balance accessibility with responsible POS financing in 2024

By Yaacov Martin

Bank lending is often the least expensive form of financing but it is not often a consideration at the point of sale. Advances in embedded lending now makes this possible.

> Analyzing Payment Analytics: Quantum Leaps Beyond the Swipe 

By Priya Kumari

There is a treasure trove of data within a payments flow. By understanding payments analytics fintechs and banks can transform the user experience.



Podcast

Luke Voiles_CEO_PipeLuke Voiles_CEO_Pipe

Luke Voiles, CEO of Pipe, on the optimal way to approach small business lending

The CEO of Pipe, Luke Voiles, discusses the fintech approach to small business lending and why it is so important to be in…

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Also Making News

  • USA: The rise of the bank chief AI officer
    Most large banks now have a C-suite officer overseeing AI. Here’s why and what such a job entails.
  • USA: Bolt, Once Worth $11 Billion, Slashes Share Price 97% in Buyback
    Some investors in Bolt, an e-commerce startup valued at $11 billion two years ago, plan to sell their stakes back to the company at a steep loss, showing the lengths to which venture capitalists will go to get some cash back on flailing investments.
  • USA: Do fintechs for kids do enough to protect their privacy?
    Fintechs that “bank” children and teens should collect far less data about their young users, erase it sooner and be more transparent in policies that are often buried, say privacy advocates.
  • Europe: Finom, a European challenger bank for SMEs, raises $54M
    Finom, a European challenger bank aimed at SMEs and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding. Founded out of the Netherlands in 2019, Finom lets businesses open up an online bank account in minutes and receive an IBAN (International Bank Account Number) to support cross-border transactions.
  • USA: Bank Of America Warns Customers Of Data Breach Following 2023 Hack
    A November 2023 breach at IT consulting and service provider Infosys McCamish Systems has led to a data breach impacting tens of thousands of Bank of America customers.
  • Global: HSBC partners with Google, eyeing $1B in climate tech investments
    Under the new deal, companies participating in the Google Cloud Ready-Sustainability program can explore venture debt financing options offered by HSBC’s specialist climate tech finance team.
  • Europe: It’s Crunch Time for One of Europe’s Last Big Wall Street Players
    Barclays Chief Executive C.S. Venkatakrishnan faces a career-defining test.

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