The financial technology (fintech) sector has revolutionized the way we handle money, invest and make transactions. In recent years, we’ve witnessed an explosion of fintech companies in America, making it a hotbed for innovation and industry growth. Here, we take a look at the ten biggest fintech companies in the United States that are redefining the financial landscape.

1. Stripe

Founded by Irish brothers, Patrick and John Collison, Stripe is an online payment processing platform that allows businesses to accept payments over the internet. With a valuation exceeding $95 billion, Stripe is the largest fintech in America and continues to expand globally.

2. Square

Launched by Twitter co-founder Jack Dorsey in 2009, Square provides small businesses with easy-to-use mobile payment solutions. The company has expanded its offering to include lending services and payroll management tools. Square’s market cap is over $100 billion.

3. Chime

Chime is an online banking platform that provides customers with checking accounts, savings accounts, and credit cards – all without the fees of traditional banks. Founded in 2013, Chime has become one of the fastest-growing fintech companies in America with a valuation of around $25 billion.

4. SoFi

Social Finance, or SoFi for short, began as an online platform offering student loan refinancing options. It has since expanded to become a comprehensive financial services company that offers personal loans, mortgages, investing tools and more. SoFi has a valuation of approximately $8.6 billion.

5. Plaid

Plaid is a fintech infrastructure company that enables consumers to connect their financial accounts to various apps like Venmo, Coinbase and Acorns via APIs. Acquired by Visa for $5.3 billion in 2023, Plaid continues to be an essential backbone of American fintech.

6. Robinhood

Known for democratizing stock trading through its zero-fee platform, Robinhood allows anyone to invest in stocks, ETFs, cryptocurrencies and more. The company is valued at around $31.7 billion after going public in 2023.

7. Affirm

Affirm is a point-of-sale financing platform founded by PayPal co-founder Max Levchin. It enables consumers to make purchases and pay over time through customizable installment plans. Affirm has grown significantly since its founding in 2012 and now boasts a market cap of over $29 billion.

8. Ripple

Ripple is a blockchain-based fintech company that provides solutions for cross-border payments and currency exchange using its digital asset, XRP. With a valuation of over $10 billion, Ripple continues to be an influential player in the digital currency and global transactions space.

9. Coinbase

Coinbase is a popular cryptocurrency exchange that allows users to buy, sell, and trade various digital assets like Bitcoin, Ethereum and Litecoin. Founded in 2012, Coinbase has grown tremendously and holds a market cap well over $56 billion.

10. Betterment

Betterment is an automated investing platform that offers robo-advisory services for retirement planning, wealth management, and saving accounts. The platform manages more than $29 billion in assets under management (AUM) as of July 2023.

As fintech continues to grow rapidly, these ten companies are leading the charge, driving innovation and change in the financial industry across America and beyond.