HomeUSAGGV Capital U.S. Releases 2024 Fintech Innovation 50

GGV Capital U.S. Releases 2024 Fintech Innovation 50

Fintech Innovation 50 Logo

GGV Capital U.S., a Menlo Park, CA-based venture capital firm focused on early- and growth-stage startups, announced its second annual fintech list in partnership with Crunchbase and 44 venture capital firms.

The 2024 Fintech Innovation 50 recognizes the 50 most promising fintech companies in the eyes of investors. In celebration of the launch, honorees will ring the Opening Bell at the Nasdaq MarketSite.

GGV Capital convened 44 fintech investment firms to nominate and vote on 150 companies in order to select the 50 honorees. Some of the participating firms include Benchmark, Bessemer Venture Partners, Coatue, Founders Fund, General Catalyst, ICONIQ Growth, Lightspeed, PayPal Ventures, QED Investors, Ribbit Capital, Sequoia Capital, and Wellington. To ensure a representative and inclusive list, investment firms submitted an equal number of portfolio and non-portfolio companies. Participating firms then voted on the aggregate list, and the top 50 were recognized as honorees on the Fintech Innovation 50. Nomination criteria included companies with a primary product focus on fintech, the U.S. as a primary market, and Series A stage financing or beyond.

The 50 honorees have raised approximately $12 billion collectively. Half are early-stage Series A or B companies that have raised less than $60m. Fifteen honorees are mid-stage companies that have raised $60-150m. Ten honorees are late-stage companies that have raised more than $150 million. About 80% of the companies are based in New York or San Francisco.

2024 Fintech Innovation 50 Honorees include:
Alloy
Altruist
Ansa
April Tax
Arc
Array
Arta Finance
Aven*
Banyan
Brex
Canopy
Clara*
Coast Pay
Column Tax
Constrafor
Deel
Farther
Finch
Finley
Footprint
Forage
Fragment
Incognia
Kalshi
Kard
LamaAI
Lead Bank
Ledge
Lendflow
Lithic
Meow
Merge
Modern Treasury
ModernFi
Moov
Nova Credit
Novo*
Pagos
Parafin
Peach Fnance
Plaid
Pomelo
Ramp
Sardine
Sentilink
Slope
Stripe
Stori*
Teamshares
Vestwell

Commenting on the list release, Hans Tung, Managing Partner, GGV Capital U.S., said: “Despite a rocky 2023, the list celebrates the innovation, perseverance, and the future potential of fintech. We believe the long-term tides are in fintech’s favor with disruptors and value-added enablers like the Fintech Innovation 50 honorees leading the charge.

GGV Capital U.S. is a venture capital firm focused on early-to-growth investments in technology companies across North America, Israel, Europe, Latin America, and India. The firm is dedicated to fostering innovation and supporting the next generation of leaders in the tech industry, including Affirm, Airbnb, Block, Bowery Farming, Drata, Handshake, HashiCorp, Ibotta, Quince, Slack, Slice, StockX, Vercel, Zendesk, and more.

*Represents a company in GGV Capital U.S.’s portfolio

VCWire

25/01/2024