Six Crypto and Blockchain Companies Are on Forbes “Fintech 50 2019” List

Six Crypto and Blockchain Companies Are on Forbes “Fintech 50 2019” List

The fourth edition of the “Fintech 50 2019” list, released by Forbes, has now been published.

Compared to 2018, the list includes 20 new names. The highest number of additions comes from the payments industry, while startups that look to help and support underserved have also found their way onto the list.

It is important to note that all companies that are included in the list are private and operate in the U.S. market. The fact they are not necessarily based in the States was not important for editors of the Fintech 50 2019.

The list is in alphabetical order and can be divided into seven categories: Crypto&Blockchain, Payments, Investing, Lending, Personal Finance, Wall Street and Real Estate.

Let’s now see which startups, from the crypto and blockchain industry, have made it onto the list.

Axoni

Although placed in the “Wall Street” category, Axoni is a provider of distributed-ledger technology for financial institutions. Thus, it is based on the blockchain technology. Axoni completed two funding series to gather around $57 million in funding.

Goldman Sachs, JPMorgan and Wells Fargo took part in the funding series.

Bitfury

Bitfury is one of the world’s leading private infrastructure providers in the blockchain ecosystem. The startup was founded by Valery Nebesny and Valery Vavilov in 2011. So far, they have raised more than $130 million in three funding rounds.

Bitfury is estimated at $1 billion-plus according to Forbes.

Circle

Circle is a global finance company which allows its users to send money quickly and easily. The platform is based on the blockchain technology and powered by crypto assets. It has completed five funding rounds so far and is worth almost $250 million.

Forbes estimated Circle at $3 billion.

Coinbase

Coinbase is one of the most recognized cryptocurrency wallets and exchanges in the world. Based in San Francisco, it was founded by Brian Armstrong back in 2012. The company recently started offering cryptocurrency custody, as well as other services such as professional and institutional trading platforms, and an institutional trading platform.

Coinbase completed six funding series during which they collected almost $550 million.

Coinbase is valued at $8 billion.

Gemini

Mostly known by its charismatic founders, the Winklevoss twins, Gemini is a New York-based cryptocurrency exchange, licensed as a New York trust company. It is also one of the main competitors to land the first SEC approved bitcoin ETF. Gemini completed a seed round in 2015.

No estimation has been made for Gemini so far, probably since it hasn’t completed any financing rounds.

Ripple

Ripple uses its blockchain-powered software to send money globally. It enables banks and other financial institutions around the globe to directly transact with each other without the need for a central correspondent. The company raised almost $94 million in funding over 8 series. Its CEO is Brad Garlinghouse, the former president of AOL.

It is estimated at around $5 billion.

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