Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies.
Six Out of Forbes Top 50 Fintech Companies for 2020 Are in Blockchain https://t.co/wFwEY3g3Xa pic.twitter.com/xACOWdz9f8 — Zoe Harcourt (@Zoe_Digitalmrkt) February 13, 2020
On February 12, it has been reported that carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple amongst its top 50 fintech list for 2020.
However, other contenders on the list included companies such as Plaid, Opendoor, and Lemonade, categorized underpayments, real estate, and insurance respectively.
Spanning an array of categories within fintech, Forbes composed its 2020 list alphabetically.
Among the six blockchain and crypto-related categories, crypto exchange powerhouse Coinbase touted the most funding, at $525 million. Ripple came in second place with $293 million. Everledger posted the smallest funding base among listed crypto firms, at $20 million.
Forbes noted that three similarities for the 50 fintech companies listed regarding shareholding, location, and services.
The media outlet explained:
“A couple things all our Fintech 50 2020 picks have in common: they’re private companies with operations or customers in the U.S., and they’re making it easier, faster and cheaper to use financial services.”
Of the 50 businesses listed, 48 calls the U.S. home.
Thus, the two remaining fintech players are based in London in the U.K.