“Forbes today released its fourth annual Fintech 50, a list of 50 innovators who are changing how people save, spend and invest. While ICOs and crypto prices tumbled, investment in fintech doubled in 2018, hitting $55 billion worldwide. There are nineteen companies on the list valued at $1 billion or more. Twelve of this year’s Fintech 50 companies are involved in payment technology, including the most valuable fintech, Stripe, worth $22.5 billion. This is a record number of companies represented on the list from the payment technology industry. Seven of those twelve companies are newcomers to this year’s list. There are twenty newcomers in total to the 2019 list. Notable newcomers include: Poynt (a payment company) and personal finance startups Nova Credit and Even.”
Forbes Corporate Communications
Forbes
Feb 4, 2019, 12:08pm
Featured on the Cover is Ryan Williams, a 2018 Under 30 List Maker and Founder of Cadre, a member of the Fintech 50
Forbes Releases Fourth Annual Fintech 50 List: The Future of Your Money
NEW YORK (February 4, 2019) – Forbes today released its fourth annual Fintech 50, a list of 50 innovators who are changing how people save, spend and invest. While ICOs and crypto prices tumbled, investment in fintech doubled in 2018, hitting $55 billion worldwide. There are nineteen companies on the list valued at $1 billion or more. Twelve of this year’s Fintech 50 companies are involved in payment technology, including the most valuable fintech, Stripe, worth $22.5 billion. This is a record number of companies represented on the list from the payment technology industry. Seven of those twelve companies are newcomers to this year’s list. There are twenty newcomers in total to the 2019 list. Notable newcomers include: Poynt (a payment company) and personal finance startups Nova Credit and Even.
“This year we’ve seen several of the personal finance startups targeting those in financial distress – people who are living paycheck-to-paycheck or don’t have access to the conventional credit market,” said Forbes’ Washington Bureau Chief and Personal Finance Editor Janet Novack. “Nova Credit standardizes information from credit reporting bureaus in India, Mexico and other countries giving immigrants who reside in the U.S. access to housing and loans. Even, another new comer this year, not only provides assistance to help individuals budget better, it also provides interest-free salary advances to workers who have not yet been paid the money they’ve earned.”
Ryan Williams, the founder of alternative real estate investment startup Cadre, is featured on the cover of the February 28, 2019 issue of Forbes magazine. Williams is one of the most successful Forbes Under 30 honorees and a Fintech 50 list maker. While his success and the number of big-name investors Cadre has collected is compelling, Williams’ earliest and most critical backer is Jared Kushner, the son-in-law and White House advisor to President Trump. In the cover story With Friends Like These…, Forbes reports the inside story of how Williams is dealing with the ongoing problems and distractions created by Cadre’s association with Jared Kushner, who retains a stake in the startup and has become one of America’s biggest lightning rods.
For the complete list and more, visit: www.forbes.com/fintech50
