Apply For Our 2023 List

We’re launching our eighth annual Fintech 50 checklist, and we’re on the lookout for corporations making industry-changing innovation.

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For the previous seven years, we’ve revealed our annual Fintech 50 checklist, masking the highest personal corporations which can be remodeling finance via expertise. (Right here’s final 12 months’s Fintech 50.) From digital banks and payments startups to cryptocurrency companies making an attempt to construct a brand new monetary system, these companies are bettering the price, effectivity and entry of economic companies.

We’re updating the checklist for the eighth 12 months, a months-long course of that includes a group of ten reporters and editors. We divide the work into fintech subcategories, converse with {industry} buyers, analysts, entrepreneurs and executives, consider a whole lot of corporations and finally select 50.

This 12 months, we’re altering the applying course of to make it easier. There is just one kind for firm representatives to fill out (see the hyperlink on the finish of this text). We not have a kind for most people to submit nominations, however when you’re not an organization consultant and you’ve got a tip on an under-the-radar enterprise that we should always contemplate, we’d nonetheless love to listen to from you. Please electronic mail fintech50@forbes.com and clarify why you suppose an organization ought to make the checklist.

Please learn our methodology beneath earlier than making use of. The extra you possibly can share about your organization’s progress, together with income over the previous two years, the extra probably you’ll stand out amongst your friends.

Fintech 50 Methodology

We search for corporations making a deep impression on customers and companies via innovation. This usually means they’re rising quicker than opponents, repeatedly releasing new merchandise or making main strategic enhancements—not merely providing companies which have appeared the identical for years.

We don’t base the checklist solely on quantitative metrics or require a minimal quantity of income or variety of clients. We additionally don’t have a cap for enterprise measurement, however the corporations we choose are usually venture-backed startups, since they’re usually finest outfitted to drive {industry} change. Public corporations or their subsidiaries should not eligible for the Fintech 50.

Different essential standards we contemplate for every candidate:

How a lot it has grown in gross sales and/or customers over the previous 12 months and the way that compares with the expansion of opponents.
Whether or not it has a stay product accessible to the general public, or one that can quickly be accessible.
Novelty of the product and enterprise mannequin.
Whether or not it has important operations or headquarters within the U.S.
Variety of the management group.
We outline fintech corporations as those who apply expertise to the classes of business-to-business banking, insurance coverage, investing, funds, private finance (budgeting, digital banking, client credit score and lending, and many others.), actual property, Wall Road and enterprise (contains buying and selling and capital markets) and different business-to-business monetary software program. We contemplate blockchain and cryptocurrency corporations for this checklist.