THE FORBES FINTECH 50
MAKERDAO NEW YORK CITY BLOCKCHAIN & BITCOIN
Decentralized finance platform lets borrowers use volatile cryptocurrency as collateral for loans of stablecoins pegged to the U.S. dollar.
FUNDING: $63 million; latest valuation of $500 million
BONA FIDES: Generated $10 million in interest in 2019
FOUNDER AND CEO: Rune Christensen, 29
MARQETA OAKLAND, CALIFORNIA PAYMENTS
Debit-card transaction processor gives companies that issue cards to workers or customers more control over which transactions are approved.
FUNDING: $378 million; latest valuation of $1.9 billion
BONA FIDES: $300 million-plus in 2019 revenue, Forbes estimates
COFOUNDER & CEO: Jason Gardner, 50
MONEYLION NEW YORK CITY PERSONAL FINANCE
Digital bank provides users free checking, debit cards, paycheck advances (with direct deposit) and managed ETF portfolios.
FUNDING: $207 million; latest valuation of $630 million
BONA FIDES: 6 million–plus users
COFOUNDERS: CEO Dee Choubey, 38; CIO Pratyush Tiwari, 43; CTO Chee Mun Foong, 42
NEXT INSURANCE PALO ALTO, CALIFORNIA INSURANCE
Mobile-first insurance carrier sells small business lines (liability, commercial auto and workers’ comp) packaged for specific industries (e.g., restaurants). Sells in all states except New York and is a licensed carrier in 26.
FUNDING: $381 million; latest valuation of more than $1 billion
BONA FIDES: Serves 79,000 small businesses
COFOUNDERS: CEO Guy Goldstein, 52; CTO Alon Huri, 43; VP of R&D Nissim Tapiro, 50
NOVA CREDIT SAN FRANCISCO PERSONAL FINANCE
Draws on credit-report information from eight countries to produce a standardized number similar to a U.S. FICO credit score, enabling newcomers to the U.S. to qualify for loans and apartment rentals based on their home-country records.
FUNDING: $65 million
BONA FIDES: American Express uses Nova data to instantly approve immigrants from Australia, Canada, India, Mexico and the U.K. for U.S. cards
COFOUNDERS: CEO Misha Esipov, 32; COO Nicky Goulimis, 31; Loek Janssen, 30
OPENDOOR SAN FRANCISCO REAL ESTATE
Home sellers in 21 cities can request all-cash offers from Opendoor online, receive bids in 24 hours and close in as little as two weeks. New app enables buyers to make offers on any home for sale in six cities, including Dallas and Phoenix.
FUNDING: $1.3 billion; latest valuation of $3.8 billion
BONA FIDES: Purchased 19,000 homes in 2019
COFOUNDER AND CEO: Eric Wu, 37