THE FORBES FINTECH50

Earnin PALO ALTO, CA

A mobile app that allows workers to tap up to $500 of already earned pay before payday. Charges no interest or set fees, instead asking customers to “tip” what they want.

FUNDING: $190 million; latest valuation of $800 million1

BONA FIDES: users from 50,000 companies, including starbucks

COFOUNDER & CEO: ram palaniappan, 45, former president of rushCard

Enigma NEW YORK CITY

Integrates 100,000-plus real-world data sets. See story, p. 62.

FUNDING: $130 million; estimated valuation of $750 million

BONA FIDES: Clients include metlife and blackrock

COFOUNDERS: Ceo hicham oudghiri, 34; chairman marc daCosta, 34

Even OAKLAND

A budgeting and savings mobile app that links to users’ bank accounts, asks about upcoming bills and estimates how much they have left to spend. Employees can pay $8 a month to get access to money they’ve already earned ahead of payday.

FUNDING: $51 million; latest valuation of $102 million1

BONA FIDES: more than 400,000 users from big-name companies, including walmart and Kronos

COFOUNDERS: Ceo Jon schlossberg, 31; Coo Quinten farmer, 28

Flywire BOSTON

Helps colleges, hospitals and businesses speed up receipt of tuition and other payments made in foreign currencies at a fee of 2% to 3%— about half what banks charge.

FUNDING: $142 million; latest valuation of $700 million1

BONA FIDES: processed $4 billion in 2018; has 900 higher-education customers, including seven of the eight ivy league colleges

Forter NEW YORK CITY

Its machine-learning software considers such factors as location, browsing history and the device a would-be buyer is using to judge if an online credit card purchase is fraudulent.

FUNDING: $100 million

BONA FIDES: Customer base of 100plus retailers, including nordstrom

COFOUNDERS: Ceo michael reitblat, 36; president liron damri, 36; and chief analyst alon shemesh, 41

Fundrise WASHINGTON, D.C.

A crowdfunding platform that allows investment of as little as $500 in a variety of diversified real estate portfolios.

FUNDING: $59 million; latest valuation of $800 million

BONA FIDES: manages $2.5 billion of property with $500 million in equity

COFOUNDER & CEO: ben miller, 42

Gemini NEW YORK CITY

Founded by 37-year-old twin brothers Tyler and Cameron Winklevoss. Its cryptocurrency exchange is licensed as a New York trust company and approved to do business in 49 states. Leading the fight for an SEC-approved bitcoin ETF.

FUNDING: financed by the brothers

BONA FIDES: employs 200 people

COFOUNDER & CEO: Tyler winklevoss

Guideline SAN MATEO, CA

Partners with advisors and employers to offer 401(k)s for an initial setup fee of $500, plus $8 per month per worker. Portfolios have fees averaging 0.06%. Employees can set their own allocation or follow personalized recommendations.

FUNDING: $59 million; latest valuation of $170 million1

BONA FIDES: has signed up 6,000 small business plans; partner with benefits administrator Gusto

COFOUNDERS: Ceo Kevin busque, 40, a former Taskrabbit exec; CTO mike nelson, 31; chief designer Jeremy Caballero, 36

iCapital Network NEW YORK CITY

An online platform that allows highnet-worth individuals to invest in private equity and hedge funds with as little as $100,000 per fund. A pending acquisition of Bank of America’s alternative investment feeder fund business will add $20 billion in client assets to its current $6 billion.

FUNDING: $80 million

BONA FIDES: nearly 70,000 investor accounts, after b of a acquisition

COFOUNDER & CEO: lawrence Calcano, 56, a Goldman sachs veteran

IEX NEW YORK CITY

A stock exchange built after the

2010 “flash crash” that uses a “speed bump” to give long-term investors a level playing field against high-frequency traders.

FUNDING: $100 million

BONA FIDES: has a 2.5% market share of u.s. equity trading

COFOUNDERS: Ceo brad Katsuyama, 40 (above); president ronan ryan, 44; Coo John schwall, 46; CTo rob park, 40—heroes of Flash Boys

Kabbage ATLANTA

Provides automated online approval of lines of credit for small businesses, often in minutes, based on extensive alternative data as well as bank records. Also licenses its technology to big banks such as ING.

FUNDING: $489 million; latest valuation of $1.2 billion1

BONA FIDES: has processed $6 billion in loans to 150,000-plus businesses

COFOUNDERS: Ceo rob frohwein, 50; president Kathryn petralia, 48

Lemonade NEW YORK CITY

The mobile and online platform provides renters’ insurance from $5 a month and homeowners’ from $25 a month. Discourages dishonest claims by donating excess (over claims, expenses and a fixed fee) to charity.

FUNDING: $180 million

BONA FIDES: has more than 300,000 customers; recently partnered with wework to insure welive residents

COFOUNDERS: Ceo daniel schreiber, 47; Coo shai wininger, 45

LendingHome SAN FRANCISCO

An automated lending platform that provides bridge loans, funded by accredited investors and institutions, to house flippers in 26 states.

FUNDING: $166 million; latest valuation of $1 billion

BONA FIDES: more than $3.5 billion in loans funded

COFOUNDER & CEO: matt humphrey, 31

Marqeta OAKLAND

A credit card processor that makes it easier for businesses that issue workers cards to manage which transactions are authorized.

FUNDING: $116 million; latest valuation of $545 million1

BONA FIDES: Customers include square, Kabbage, affirm and brex

COFOUNDER & CEO: Jason Gardner, 49

Nova Credit SAN FRANCISCO

Standardizes information from credit reporting bureaus in India, Mexico, the U.K., Canada and other countries so U.S. lenders and landlords can serve immigrants without a U.S. credit record.

FUNDING: $20 million

BONA FIDES: used by yardi, a major property management platform, to help screen housing applicants

COFOUNDERS: Ceo misha esipov, 30 (above); Coo nicky Goulimis, 30; CTo loek Janssen, 29, conceived nova as graduate class project at stanford

Opendoor SAN FRANCISCO

Uses data and algorithms to value and buy homes (sight unseen) in 20 local markets, delivering cash to sellers in days, minus an average 7% service charge. Makes any needed repairs and then resells the homes.

FUNDING: $1 billion; latest valuation of $2 billion-plus

BONA FIDES: softbank vision fund recently invested $400 million

COFOUNDERS: executive chairman Keith rabois, 49, a senior partner at Khosla ventures who came up with the idea; Ceo eric wu, 36; CTO ian wong, 32; Jd ross, 28