Forbes

THE FORBES FINTECH 50

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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

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JASON GARDNER

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