Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
The 11 Biggest Fintech Companies In America 2019
Forbes | | Feb 4, 2019
This article was updated on 2/4/19 to include Ripple, the fourth-most valuable private fintech company in the U.S.
Financial technology startups continue to attract a growing amount of attention and capital. In 2018, valuations of the biggest private companies bulged, and at least six new fintech unicorns were minted in the U.S.
U.S. fintechs raised $12.4 billion in funding, or 43% more than 2017, reports CB Insights. That growth outpaced the 30% increase in venture investments across the entire U.S. market. And fintechs will need those dollars—they tend to burn about two to three times as much cash compared with other startups, according to an analysis by Brex, likely due to factors like regulatory hurdles.
Here are the 10 most valuable private, venture-backed fintechs in the U.S.:
1. Stripe, $22.5 billion
Originally a service to help small online sellers process payments, today Stripe serves tech giants like Microsoft and Amazon, too. In 2018 the company announced three new high-profile products, including credit card issuing technology, point-of-sale software and a billing platform for subscription businesses.
Cofounders: CEO Patrick Collison, 30, and president John Collison, 28. Irish-born brothers, dropouts from MIT (Patrick) and Harvard (John) launched Stripe in 2011
See: Experts predict the five big fintech trends of 2019
2. Coinbase, $8 billion
Coinbase CEO Brian Armstrong. Photo credit: Bloomberg Finance LPMichael Short/Bloomberg
Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody and professional and institutional trading platforms. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.
Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaire
3. Robinhood, $5.6 billion
Broker offers commission-free trading of stocks, ETFs, cryptocurrencies and options through a mobile app. Robinhood Gold subscription service, starting at $6 per month, gives investors access to margin trading. Later this year the firm will take on the checking and savings market with a new cash management program.
Cofounders and co-CEOs: Stanford grads Baiju Bhatt, 34, a second-generation American with Indian parents, and Bulgarian-born Vlad Tenev, 32
4. Ripple, $5 billion
Its blockchain-based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Also has a service that lets companies make cross-border payments in XRP, the cryptocurrency created by Ripple’s founders.
Cofounders: Jed McCaleb, 43; Chris Larsen, 58; and Arthur Britto
CEO: Brad Garlinghouse, 48, former AOL president
See: Fintech Frenzy: Hype or Reality? A Closer Look at 6 Key Sectors
5. SoFi, $4.4 billion*
SoFi CEO Anthony Noto. Photo credit: Bloomberg Finance LPDavid Paul Morris/Bloomberg
Founded in 2011, SoFi started with online student loan refinancing and later branched into other services for affluent Millennials, including mortgages, robo-investing advice and life insurance.
CEO: Anthony Noto, 50, former Twitter COO
6. Credit Karma, $4 billion
Credit Karma cofounders (from left) Kenneth Lin, Nichole Mustard and Ryan Graciano. Photo credit: ForbesForbes
Offers its 85 million-plus “members” a growing suite of free services, including credit scores, tax-prep software, help fixing credit-report errors and alerts of new accounts opened in a user’s name. Credit Karma earns referral fees when users bite on the personalized offers for credit cards and loans it shows them.
Cofounders: CEO Kenneth Lin, 43; chief revenue officer Nichole Mustard, 45; CTO Ryan Graciano, 37
Continue to the full article --> here
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Aug 28, 2026 Artificial intelligence is rapidly changing the way individual investors interact with financial markets. Tasks that once required hours of reading reports, comparing charts, or building spreadsheets can now be compressed into a few prompts or clicks. Modern AI investing tools can summarize market news, screen thousands of securities, identify unusual price movements, compare financial metrics, analyze sentiment, and even help investors test trading ideas. That convenience is valuable. But it also creates a new problem: when sophisticated analysis appears instantly on a screen, it is easy to confuse speed with reliability. For investors, the real opportunity is therefore not simply finding the most advanced AI. It is learning where AI adds value, where it can fail, and which decisions should always remain subject to independent due diligence. What Are AI Investing Tools? The term covers a surprisingly broad range of financial technologies. Some tools use machine learning to identify patterns in historical market data. Others apply natural language processing to earnings reports, central-bank announcements, news stories, or social-media discussions. Generative AI assistants can explain financial concepts, summarize research, compare investment ideas, or help users create screening criteria. In practice, retail investors are likely to encounter AI across ...
Aug 22, 2026 | NCFA Fintech Whisperer | Capital Markets Infrastructure And Funding, Cross Border Payments And FX, Payments Infrastructure And Money Movement, Cybersecurity Fraud And Financial Crime, Artificial Intelligence And Data, Lending Consumer Credit And BNPL, Treasury Liquidity And Cash Management, Sustainable Finance ESG And Financial Inclusion, Digital Banking And BaaS, Wealthtech Investing And Trading, Regulation And Policy, Digital Assets Blockchain And Tokenization This live weekly NCFA intelligence page tracks financial technology developments that significantly affect how fintechs build, sell, raise capital, and operate under scrutiny. Coverage prioritizes Canada and includes global events that directly influence competitive conditions, market access, and execution realities across fintech sectors. This page will be updated throughout the week with market movers in a live format and then each week we'll close the prior week's contents in prep for the upcoming week, and continue on a rolling basis. (Missed prior week's Fintech Whisperer? (December 6-12, 2025, December 13-19, 2025, January 1-9, 2026, January 10-16, 2026, January 17-23, 2026, January 24-30, 2026, January 31-February 6, 2026, February 7-13, 2026, February 14-20, 2026, February 21-27, 2026, February 28-March 6, 2026, March 7-13, 2026, March 14-20, 2026, March 21-27, 2026, March 28-April 3, 2026, April 4-10, 2026, April 11-17, ...
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August 28, 2026 | NCFA Insight | Open Banking Open Finance And Data Sharing, Digital Identity And Trust, Risk Compliance And Regtech, Cybersecurity And Fraud Five Privacy Changes Could Affect Access, Consent And Fintech Costs On August 26, 2026, Canada’s Office of the Privacy Commissioner (OPC) called for five changes to Canada’s proposed Consumer-Driven Banking Regulations including what financial data can be shared, what firms must prove before accreditation, when public data can be reused without consent, how security keeps pace with new threats, and how the Bank of Canada and Privacy Commissioner coordinate oversight. The submission arrived on the last day of the government's 60-day consultation, which closed August 26. Finance Canada now has to decide which recommendations make it into the final regulations before Canada's open banking system starts moving from rulemaking into accreditation and implementation. The Commissioner supports consumer-directed data sharing, multi-factor authentication and mandatory breach reporting to the Bank of Canada. The five requested changes go further and could affect compliance costs, product design, consumer trust and which fintechs can afford to participate. 1. OPC Wants Canada to Define Exactly What Data Can Be Shared The proposed regulations cover identity information, account identifiers, fees and terms, ...
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August 26, 2026 | NCFA Market Activity | Payments Infrastructure And Money Movement, Digital Assets Blockchain And Tokenization, Banking And Credit, Competition And Market Structure Shared infrastructure targets tokenized deposits and payments On August 25, 2026, 39 U.S. state bankers associations formed BankChain Alliance to build a shared blockchain network for financial institutions. The planned infrastructure would support smart payment tools, tokenized deposits, stablecoins and automated settlement, with participating banks able to take an ownership role. Together, the associations represent thousands of financial institutions serving millions of consumers, businesses and communities. BankChain is selecting a technology partner and targeting a 2027 launch. It says the network will interoperate with other networks and that banks across the country will be invited to take ownership. The technology platform, ownership terms for individual banks, operating rules and settlement design haven’t been disclosed, so BankChain remains infrastructure under development rather than a live payment rail. Smaller Banks Could Share the Cost of Tokenized Money Building tokenized payment infrastructure involves more than choosing a blockchain. Banks need core system integration, compliance controls, security, operating rules and connections to other financial networks. Those costs are easier for a large institution to absorb than for a community ...
August 26, 2026 | NCFA Community Announcement | Fintech And Innovation, Artificial Intelligence And Data, Capital Markets And Funding Elevate 2026 Innovation AI Capital And Company Building Elevate is less than a month away! Checkout the latest Elevate 2026 agenda giving founders, investors and technology operators a closer look at the conversations coming to Toronto from September 22–24. For Canada's fintech community, the mix is worth watching. Elevate's 2026 programming spans fintech, artificial intelligence, capital, commercialization and other technologies competing for investment, customers and talent. NCFA is a Community Partner for this year's festival at Meridian Hall. Fintech Connects With AI And Commercialization Canadian fintech has a direct place in the program. Eva Wong, Co-Founder and Chief Product Officer of Borrowell, is among the announced speakers, bringing experience from one of Canada's established consumer fintech companies to discussions about product, fintech and the development of Canada's digital finance market. The latest agenda announcement also highlights Mati Staniszewski, Co-Founder and CEO of ElevenLabs; Adam Collins, Chief Communications Officer at Reddit; and Jessica Chalk, Founder and CEO of myStoria. Those adjacent technology perspectives are relevant to financial innovators. AI is entering customer service, fraud detection, compliance, product development and internal operations, while ...
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August 26, 2026 | NCFA Market Activity | Capital Markets And Market Infrastructure, Regulation And Policy, Risk Compliance And Regtech When Creators Can Influence The Market Outcome On August 19, 2026, CRSHMARKET promoted a wider vision for its livestream prediction market, where people can put money on events while a stream is still unfolding. Its campaign showed markets around dates, public interactions and creator content, while the live product currently remains concentrated in video games such as Rocket League and Among Us. The format is built around speed. Users enter dollar amounts on short yes-or-no outcomes and some markets can settle within minutes. When checked on August 26, CRSHMARKET on-chain volume showed about US$7.79 million in cumulative USDC entry volume across current and earlier contracts. DefiLlama says each entry is counted once and treasury seed liquidity is excluded. What happens if the product expands beyond esports into creator-led livestreams where the person on screen can affect what traders are betting on? Creator Markets Need Different Controls Prediction markets already have to manage insider information. Creator-led markets add another problem because someone close to the content may be able to influence the result itself. A market on whether a streamer gets ...
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Aug 28, 2026 Artificial intelligence is rapidly changing the way individual investors interact with financial markets. Tasks that once required hours of reading reports, comparing charts, or building spreadsheets can now be compressed into a few prompts or clicks. Modern AI investing tools can summarize market news, screen thousands of securities, identify unusual price movements, compare financial metrics, analyze sentiment, and even help investors test trading ideas. That convenience is valuable. But it also creates a new problem: when sophisticated analysis appears instantly on a screen, it is easy to confuse speed with reliability. For investors, the real opportunity is therefore not simply finding the most advanced AI. It is learning where AI adds value, where it can fail, and which decisions should always remain subject to independent due diligence. What Are AI Investing Tools? The term covers a surprisingly broad range of financial technologies. Some tools use machine learning to identify patterns in historical market data. Others apply natural language processing to earnings reports, central-bank announcements, news stories, or social-media discussions. Generative AI assistants can explain financial concepts, summarize research, compare investment ideas, or help users create screening criteria. In practice, retail investors are likely to encounter AI across ...
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August 28, 2026 | NCFA Insight | Regulation And Policy, Capital Markets And Market Infrastructure, Wealthtech Investing And Trading, Risk Compliance And Regtech CIRO Dealers Cannot Offer Sports And Entertainment Contracts On August 27, 2026, the Canadian Securities Administrators (CSA) and Canadian Investment Regulatory Organization (CIRO) issued new guidance on sports and entertainment event contracts. The CSA says those contracts belong outside securities and derivatives regulation, and CIRO will not approve dealer members to trade them. The decision closes the securities-dealer route without banning every sports prediction market category under every Canadian law. Gaming and other applicable rules can still determine what is permitted elsewhere, but Canadian investment dealers now know sports and entertainment will not join the event contracts they can distribute through CIRO. CIRO currently allows two investment dealers, Wealthsimple Investments Inc. and Interactive Brokers Canada Inc., to facilitate a limited set of contracts tied to economic forecasts, environmental outcomes and financial indicators. Permitted contracts generally need at least 30 days to maturity, clients cannot use leverage, and elections, referendums, political nominations and other political events remain prohibited. Without Sports, Canada Has to Prove Demand Elsewhere In the U.S., sports category helped prediction markets reach a much larger ...
August 28, 2026 | NCFA Insight | Open Banking Open Finance And Data Sharing, Digital Identity And Trust, Risk Compliance And Regtech, Cybersecurity And Fraud Five Privacy Changes Could Affect Access, Consent And Fintech Costs On August 26, 2026, Canada’s Office of the Privacy Commissioner (OPC) called for five changes to Canada’s proposed Consumer-Driven Banking Regulations including what financial data can be shared, what firms must prove before accreditation, when public data can be reused without consent, how security keeps pace with new threats, and how the Bank of Canada and Privacy Commissioner coordinate oversight. The submission arrived on the last day of the government's 60-day consultation, which closed August 26. Finance Canada now has to decide which recommendations make it into the final regulations before Canada's open banking system starts moving from rulemaking into accreditation and implementation. The Commissioner supports consumer-directed data sharing, multi-factor authentication and mandatory breach reporting to the Bank of Canada. The five requested changes go further and could affect compliance costs, product design, consumer trust and which fintechs can afford to participate. 1. OPC Wants Canada to Define Exactly What Data Can Be Shared The proposed regulations cover identity information, account identifiers, fees and terms, ...
August 26, 2026 | NCFA Insight | Regulation And Policy, Artificial Intelligence And Data, Risk Compliance And Regtech, Competition And Market Structure Time limits, age checks and feed controls for teen users On August 26, 2026, U.S. attorneys general announced a settlement with Meta worth up to US$17.1 billion over allegations that Facebook and Instagram were designed to keep children and teens engaged despite risks to their health and well-being. If the court approves the agreement, Meta also has to limit how long minors can use its apps, restrict overnight access and school-hour notifications, strengthen age checks and give families more control over what young users see. Meta isn't required to admit it did anything wrong under the settlement. It does expect to record an approximately US$10 billion legal expense in Q3 2026. Governments aren't only extracting billions from Meta. They're putting enforceable limits on features that help determine how often young people open Facebook and Instagram, how long they stay and what keeps them scrolling. Meta Has to Change How It Competes for Teen Attention Users under 18 will start with a combined two-hour daily limit across Facebook and Instagram. Parents can approve more time, but teens can't simply ...
August 26, 2026 | NCFA Market Activity | Payments Infrastructure And Money Movement, Digital Assets Blockchain And Tokenization, Banking And Credit, Competition And Market Structure Shared infrastructure targets tokenized deposits and payments On August 25, 2026, 39 U.S. state bankers associations formed BankChain Alliance to build a shared blockchain network for financial institutions. The planned infrastructure would support smart payment tools, tokenized deposits, stablecoins and automated settlement, with participating banks able to take an ownership role. Together, the associations represent thousands of financial institutions serving millions of consumers, businesses and communities. BankChain is selecting a technology partner and targeting a 2027 launch. It says the network will interoperate with other networks and that banks across the country will be invited to take ownership. The technology platform, ownership terms for individual banks, operating rules and settlement design haven’t been disclosed, so BankChain remains infrastructure under development rather than a live payment rail. Smaller Banks Could Share the Cost of Tokenized Money Building tokenized payment infrastructure involves more than choosing a blockchain. Banks need core system integration, compliance controls, security, operating rules and connections to other financial networks. Those costs are easier for a large institution to absorb than for a community ...
August 26, 2026 | NCFA Community Announcement | Fintech And Innovation, Artificial Intelligence And Data, Capital Markets And Funding Elevate 2026 Innovation AI Capital And Company Building Elevate is less than a month away! Checkout the latest Elevate 2026 agenda giving founders, investors and technology operators a closer look at the conversations coming to Toronto from September 22–24. For Canada's fintech community, the mix is worth watching. Elevate's 2026 programming spans fintech, artificial intelligence, capital, commercialization and other technologies competing for investment, customers and talent. NCFA is a Community Partner for this year's festival at Meridian Hall. Fintech Connects With AI And Commercialization Canadian fintech has a direct place in the program. Eva Wong, Co-Founder and Chief Product Officer of Borrowell, is among the announced speakers, bringing experience from one of Canada's established consumer fintech companies to discussions about product, fintech and the development of Canada's digital finance market. The latest agenda announcement also highlights Mati Staniszewski, Co-Founder and CEO of ElevenLabs; Adam Collins, Chief Communications Officer at Reddit; and Jessica Chalk, Founder and CEO of myStoria. Those adjacent technology perspectives are relevant to financial innovators. AI is entering customer service, fraud detection, compliance, product development and internal operations, while ...
August 26, 2026 | NCFA Insight | Regulation And Policy, Risk Compliance And Regtech, Payments And Money Movement Nine Registration Violations, $0 Penalties And New PSP Obligations As of August 26, 2026, the Bank of Canada's RPAA enforcement decisions show nine published notices of violation involving payment service providers. Every listed notice cites section 23 of the Retail Payment Activities Act for performing retail payment activities without being registered. Every one also carries a $0 administrative monetary penalty. Operating without registration is classified as a very serious violation. A zero dollar penalty doesn't make the violation informal or erase it. The decisions remain public for five years, and violations are also reflected on provider registry entries. The transition period is over. Payment firms applying after September 8, 2025 must be registered before they begin regulated activity. A firm already operating without having applied is violating the Act. The requirement can also reach foreign providers serving Canadian users, so regulatory status in another country isn't a substitute for Canadian registration. For firms still assessing scope, the Bank of Canada PSP registration guide covers the payment functions, Canadian market activity and operating models that can bring a business under the regime. Nine ...
August 26, 2026 | NCFA Market Activity | Capital Markets And Market Infrastructure, Regulation And Policy, Risk Compliance And Regtech When Creators Can Influence The Market Outcome On August 19, 2026, CRSHMARKET promoted a wider vision for its livestream prediction market, where people can put money on events while a stream is still unfolding. Its campaign showed markets around dates, public interactions and creator content, while the live product currently remains concentrated in video games such as Rocket League and Among Us. The format is built around speed. Users enter dollar amounts on short yes-or-no outcomes and some markets can settle within minutes. When checked on August 26, CRSHMARKET on-chain volume showed about US$7.79 million in cumulative USDC entry volume across current and earlier contracts. DefiLlama says each entry is counted once and treasury seed liquidity is excluded. What happens if the product expands beyond esports into creator-led livestreams where the person on screen can affect what traders are betting on? Creator Markets Need Different Controls Prediction markets already have to manage insider information. Creator-led markets add another problem because someone close to the content may be able to influence the result itself. A market on whether a streamer gets ...
August 25, 2026 | NCFA Insight | Treasury Liquidity And Cash Management, Payments Infrastructure And Money Movement, Cross Border Payments And FX Open Banking And Real-Time Payments Raise The Stakes On August 25, 2026, Royal Bank of Canada created a RBC Global Transaction Banking business spanning Commercial Banking in Canada and the United States and RBC Capital Markets. Payments, cash and liquidity management, working capital, trade finance and foreign exchange will operate under shared leadership and one strategy. Most of the products already existed. RBC is changing how it organizes, develops and sells them. RBC Edge serves Canadian cash management clients and RBC Clear serves the U.S. market. The bank hasn't said the two platforms will become one system. When a business collects money, makes payments, holds cash, converts currencies and borrows through the same bank, that relationship can produce payment fees, operating deposits and more financing opportunities. RBC is trying to make more of those services work as one relationship across borders. Corporate Deposits Raise The Value Of The Relationship RBC explicitly links transaction banking to deposit growth. By the end of fiscal 2025, RBC Clear U.S. transaction banking had attracted US$23 billion in deposits from more than 180 ...
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