Largest fintechs in the U.S. 2024, by market cap
Visa reigned supreme in the U.S. fintech landscape, boasting a market capitalization of over 576 billion U.S. dollars as of November 2024. This financial technology giant leads a pack of diverse companies that are reshaping the financial services industry through innovative software and technology solutions. Mastercard followed closely behind with a market cap of 464 billion U.S. dollars, while Intuit rounded out the top three at 173 billion U.S. dollars.
Growth and market dynamics
The U.S. fintech industry has experienced remarkable growth in recent years, with the number of fintech companies reaching 10,412 by June 2024. This expansion reflects the sector's increasing importance in the financial services ecosystem. The digital payments segment stands out as a particularly robust area, with over 282 million users in 2023. Projections suggest continued growth, with the total number of fintech users expected to reach 616 million by 2028, underscoring the widespread adoption of fintech solutions across various financial services.
Revenue trends and market leaders
The fintech sector's revenue in the United States has shown impressive growth, surpassing 39 billion U.S. dollars in 2023. This upward trajectory is expected to continue, with forecasts predicting revenue to reach 70.5 billion U.S. dollars by 2028. While established players like Visa and Mastercard dominate in terms of market capitalization, newer entrants are making significant strides. Notably, Stripe has emerged as a leading force in the private fintech space, with a market valuation of 65 billion U.S. dollars as of March 2024, surpassing even Chime's 25 billion U.S. dollars valuation.
