FinTech Magazine - December 2022 | Page 87

FIVE RESILIENT FINTECHS SCALING IN A DOWNTURN

According to the latest data by CBS Insights , lots of fintech companies are still thriving in the marketplace . Here are the top five fintechs to watch in 2023 :
# 1 STRIPE
Although this online retail payments giant recently rolled back plans for its IPO , and has consistently refused to confirm its external valuation of US $ 95bn , it recently offered its internal valuation publicly – which is US $ 74bn .
# 2 CHECKOUT . COM
The international financial technology company that processes payments for other companies , founded as Opus Payments in 2009 , is headquartered in London . It recently received a valuation of $ 40bn .
# 3 PLAID
The fintech company that facilitates communication between financial services apps and users ' banks and credit card providers has not lost its way in the downturn , having recently received a valuation of $ 13.5bn .
# 4 BREX
With a recent evaluation of $ 12.3bn , Brex has so far avoided financial issues . The US-based financial service and technology company is headquartered in San Francisco , providing business credit cards and cash management accounts to technology companies .
# 5 SUMUP
SumUp is a global financial technology company headquartered in London that supports more than 3.5 million merchants in over 30 markets worldwide . Its most recent valuation in June 2022 placed it at $ 8.5bn . fintechmagazine . com 87