TOP 100 COMPANIES
12
PayPal
Founded in 1998
CEO: Dan Schulman
htps paypal:/ com. htps company www:/ linkedin. paypal /
PayPal is one of those instantly recognisable fintech brands, an early pioneer of technology that revolutionised the money movement. PayPal created a global real-time payments network using people’ s email addresses. It began life under the name Confinity, founded by Peter Thiel( later to co-found data analytics firm Palantir) and Max Levchin( who would go on to set up BNPL company Affirm). In 2000, Confinity merged with x. com. Its CEO, Elon Musk( who is now trying to revive the X brand) was replaced as CEO by Thiel, the new entity was rebranded PayPal and listed, and then it was acquired by eBay for US $ 1.5bn in stock. The success netted its founders a fortune, and today they’ re some of the wealthiest men in Silicon Valley.
Payments
United States
11
Citi
Founded in 1812
CEO: Jane Fraser
htps citigroup:/ com. htps com www:/ / company linkedin /. citi
Citi Group is an investment bank and financial services business that connects millions of clients throughout hundreds of different cities and countries. It offers a wide range of financial products and services, which contribute to it being an important partner to the businesses, institutions and individuals that bank with Citi. Core activities include safeguarding assets, lending money, making payments and accessing capital markets on behalf of the group’ s clients. Citi has financial flows in excess of US4tn, helping to move the equivalent of Germany’ s GDP every day. In addition, it has over 13,000 institutional clients – including 90 % of Fortune 500 firms – and has pledged more than US $ 1bn as part of its commitment to ESG.
Banking
United States
56 2023