TOP 10
06
Blockchain . com
US $ 14bn
UK-founded cryptocurrency platform Blockchain . com boasts over 50mn customers , who use the domain to buy , sell and hold different cryptocurrencies . The company ’ s market valuation reached $ 14bn after it raised new funding in March 2022 from backers including Lightspeed Venture Partners and Baillie Gifford . At the time , the funding round more than doubled the company ’ s valuation . However , after cryptocurrencies entered a bare market following one of its biggest historical crashes in June 2022 , it was reported that Blockchain . com had been considering a strategic “ down round ” of fundraising , reducing its value significantly to between $ 3bn-4bn .
05
Ripple
US $ 15bn
Another of the market ' s biggest payment settlement systems and money transfer networks , Ripple sits high on the tree as the fifth largest fintech unicorn by market valuation . The company has raised a total funding of $ 293mn since its founding and is a leading platform for cryptocurrency trading . The company uses its proprietary cryptocurrency XRP to facilitate transactions on the Ripple network , a product that has been at the centre of a legal battle between the fintech and the US Securities and Exchange Commission ( SEC ). The SEC argues that XRP is an investment contract acting under the guise of a cryptocurrency . Despite the yearslong legal case beginning in 2020 , Ripple ’ s valuation has remained strong , with two rounds of Series B funding taking place in 2021 .
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