Forbes has released its 2025 Fintech 50 list, recognizing the top 50 private fintech startups that are driving financial innovation in the USA.

These companies were selected for their growth, product innovation, and leadership diversity, and represent verticals including banking, payments, investing, insurance, real estate, as well as blockchain and cryptocurrency.

Marking the 10th edition of Fintech 50, this year’s list saw payments, business-to-business (B2B) banking, as well as Wall Street and enterprise solutions dominate the ranking, accounting for 31 of the 50 picks and 13 of the 18 first-time honorees.

Real estate and insurance had lower representation this year, with only two and four companies winning, respectively. Blockchain and crypto, meanwhile, had three winners.

Among the 50 fintech startups featured in the 2025 Forbes 50 list, we’ve shortlisted ten of the most prominent and fastest-growing ones. These companies have reached significant scale and recorded substantial momentum in 2024, positioning themselves for continued expansion and innovation in 2025.

Top 10 Fintech Startups in the USA of 2025

Stripe

Founded in 2010, Stripe is an Irish-American multinational financial services and software-as-a-service (SaaS) company dual-headquartered in California and Dublin. The company offers payment processing application programming interfaces (APIs), payment tools, and solutions for handling subscriptions, invoicing, and financial reports, serving sectors such as e-commerce, SaaS, platforms, marketplaces, and the creator economy.

Stripe has emerged as a dominant force in the fintech industry, and its impact is evident in its widespread adoption by some of the largest and most influential companies. The platform is now used by half of the Fortune 100, 80% of the Forbes Cloud 100, and 78% of the Forbes AI 50, with major corporations such as NVIDIA, PepsiCo, NewsCorp, and Comcast relying on Stripe for their payment and financial infrastructure needs.

In 2024, Stripe’s total payment volume surged to US$1.4 trillion, marking a 38% year-over-year (YoY) increase. This volume is equivalent to approximately 1.3% of the global gross domestic product (GDP), a testament to Stripe’s increasing influence in the financial ecosystem.

Additionally, the company announced that it was profitable in 2024 and expects to remain so this year.

Stripe is valued at a staggering US$91.5 billion, making it the most valued fintech startup in the world, data from CB Insights show.

Chime

Founded in 2012, Chime is a San Francisco-based fintech company that provides fee-free mobile banking services. The company does not operate as a bank itself, operating instead in partnership with Stride Bank and The Bancorp Bank.

Chime offers a digital-first mobile banking offering, providing services including checking and high-yield savings accounts, early access to paychecks, negative account balances without overdraft fees, high-yield savings accounts, peer-to-peer (P2P) payments, and an interest-free secured credit card. The company does not charge monthly service fees, overdraft fees, or impose minimum balance requirements, making it an attractive option for millions of consumers seeking greater financial flexibility.

With a focus on accessibility and transparency, Chime has built a massive customer base of over 22.3 million users, establishing itself as a leader in the neobank space. This success has captured the attention of top-tier investors, including Menlo Ventures, Forerunner Ventures, Sequoia Capital, Coatue Management and Acrew Capital, which have collectively invested US$2.65 billion into the startup to date, bringing its valuation to US$25 billion in 2021.

Chime is now preparing for a public listing, having confidentially filling for an initial offering public (IPO) in December 2024 with plans to go public this year, people familiar with the matter told Bloomberg.

Plaid

Plaid is an American open banking company based in San Francisco, California. The company provides an infrastructure that enables consumers and businesses to securely connect their bank accounts with thousands of financial apps and services, including digital banking, lending and fraud prevention.

Plaid’s technology powers over 8,000 digital finance applications, including industry leaders like Venmo and SoFi, as well as several Fortune 500 companies and major banks. Its global data network supports over 12,000 financial institutions across the US, Canada, the UK, and Europe.

In the US, Plaid has become widely adopted, with at least half of all Americans having used the company’s services in some capacity, Bloomberg reported in January, citing a source familiar with the matter.

Plaid saw its revenue rise more than 25% in 2024. It reported particularly explosive growth in its identity verification product, which surged 400% in usage, while its payments product saw a threefold increase.

Plaid is now reportedly working with Goldman Sachs to raise between US$300 million and US$400 million via a new secondary share sale, Bloomberg reported. Existing backers include Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Spark Capital, Thrive Capital, Altimeter Capital, Silver Lake and Ribbit Capital.

Plaid previously raised US$425 million in a Series D funding round back in 2021 at a US$13.4 billion valuation.

Fireblocks

Founded in 2018, Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Headquartered in New York, the company enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations.

Fireblocks’ enterprise-grade platform leverages advanced Secure Enclave (SGX) and Multi-Party Computation (MPC) technology, and streamlines custody, tokenization, payment, settlement, and trading operations. The company serves over 2,000 organizations, including major financial institutions like BNY Mellon, Galaxy, Revolut, BNP Paribas, and Worldpay.

To date, Fireblocks has secured over US$7 trillion in digital asset transactions across 100 blockchains and more than 250 million wallets, reinforcing its position as an industry leader. The company is now expanding its global reach, having recently launched a new office in Japan to strengthen support in Asia.

Fireblocks’ rapid growth and pioneering technology have attracted over US$1 billion in funding from top-tier investors like Sequoia Capital, Spark Capital, and BNY Mellon. The company is worth a whopping US$8 billion, according to CB Insights.

Ramp

Founded in 2019, Ramp provides an all-in-one finance automation platform that integrates corporate cards, expense management, vendor payments, procurement workflows, and bookkeeping into a single streamlined system. This automation-first approach allows businesses to save both time and money, making financial management more strategic and efficient.

Ramp serves over 30,000 businesses across 195+ countries, including industry leaders like Webflow, CBRE, Notion, ZipRecruiter, and Stanley Steemer. The company powers over US$55 billion in annualized payment volume across card transactions and bill payments, up from US$10 billion in January 2023. Collectively, Ramp’s customers have saved US$2 billion and 20 million hours by automating tedious finance tasks.

Ramp’s rapid growth has been backed by strong investor confidence. Earlier this month, new and existing investors including Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital, purchased US$150 million in secondary shares, bringing Ramp’s latest valuation to US$13 billion.

In 2025, Ramp plans to accelerate product development, with a focus on expanding its artificial intelligence (AI) capabilities and launching new product lines.

Bilt Rewards

Bilt Rewards is a payments and rewards platform that rewards members on rent and in their neighborhood. It is the first and only program in the US that lets members earn rewards on rent without transaction fees, making it a unique offering in the fintech and real estate industries.

Bilt Rewards boasts one of the highest value rewards programs on the market today, including one-to-one point transfers to 18 loyalty programs allowing members to travel across over 100 major airlines and hotel partners.

Members can also book travel through the Bilt Travel Portal powered by Expedia; book fitness classes at the country’s top boutique studios including SoulCycle, Rumble and Y7; shop limited-edition and exclusive collections of art and home decor through the Bilt Collection; shop on Amazon.com; and redeem Bilt Points for credits towards rent or even towards a down payment on a future home.

Bilt Rewards claims its platform is adopted by 70% of the top property owners and managers in the US, including Greystar, Asset Living, AvalonBay, Equity Residential, Related Companies, GID, Starwood, Cushman & Wakefield, Bozzuto, Camden, Brookfield, Berkshire Residential, ZRS, Highmark, Beztak, Trammell Crow, PGIM and more. It’s available in over four million rental units across the country.

Bilt Rewards is experiencing rapid adoption with total platform spending now exceeding US$30 billion annually. This growth has been driven by the expansion of Bilt’s resident loyalty program to more apartment buildings and into the condominium and homeowners association (HOA) market.

Simultaneously, the neighborhood loyalty program has seen significant expansion of merchants, now encompassing over 21,000 restaurants and 3,500 fitness studios.

Navan

Navan, formerly TripActions, provides an all-in-one travel management, corporate card, and expense management solution. Founded in 2015 and based in California, the solution is designed to simplify corporate travel and expenses and eliminate the hassle of managing flight changes and manually inputting receipts, all the while also offering real-time visibility, control, and savings for companies.

Navan, which serves customers like Unilever and Christie’s, claims it is now growing revenues by around 40% on average. Its fintech business is expanding by 100%, outpacing its travel business, which is growing at 30%.

In addition, there are signs that Navan is gearing up for a market debut. For one, last summer the startup hired the former CFO of the New York Stock Exchange as its finance chief. It also disclosed last summer that travel bookings were up nearly twofold from year-earlier levels.

Navan has raised more than US$1.5 billion in venture funding to date and was last valued at US$9.2 billion. The startup is backed by major investors including Andreessen Horowitz, Coatue, Goldman Sachs, and Lightspeed.

Trumid

Founded in 2014, Trumid is a prominent US fintech company that aims to transform fixed-income electronic trading. Specializing in US dollar-denominated investment grade, high yield, distressed, and emerging market bonds, the startup offers an innovative, user-driven platform designed to optimize the credit trading experience.

Trumid’s platform enables institutions, such as banks, hedge funds, and asset managers, to trade bonds more efficiently, automate tasks, and gain real-time insights into the market. This platform focuses on improving liquidity, transparency, and efficiency in the bond market, as well as delivering tools for better decision-making and seamless trading across different bond segments.

In 2024, Trumid achieved its best year yet, with a 62% YoY increase in trading volume, reaching a record US$1.4 trillion in trades. Its platform continued to expand, with more than 16,000 unique bonds traded in 2024 and over 920 institutions onboarded, including buy- and sell-side firms.

DailyPay

Founded in 2015 and headquartered in New York City, DailyPay provides an earned wage access solution that enables workers to access their wages as they earn them, rather than waiting for a scheduled payday.

Through DailyPay, employees can transfer the portion of their earned wages to a bank account or a prepaid debit card whenever they need it. Companies that partner with DailyPay offer this as an employee benefit, improving their employees’ financial well-being by giving them more control over their income.

In addition to its earned wage access solution, DailyPay also offers a suite of financial wellness products, as well as tools that help reduce employee turnover and boost worker productivity, according to its website.

DailyPay, which is used by top employers such as Target, Kroger, and Hilton, has gained recognition for its growth. Recently, it earned a spot on the Deloitte Technology Fast 500 for being one of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.

DailyPay is now gearing up for a public listing that could come as soon as the second half of the year, people familiar with the matter told Reuters. The startup is reportedly in talks to hire investment bankers for a planned IPO that could value the company between US$3 billion and US$4 billion, the sources said.

DailyPay was last valued at US$1.75 billion in January 2024, when it raised US$75 million from investors led by Carrick Capital Partners.

In January 2025, DailyPay hired former Uber CFO Nelson Chai as its executive chair. Chai helped take the ride-hailing giant public in 2019.

Mercury

Founded in 2017 and based in San Francisco, Mercury specializes in digital banking services for early-stage startups. The company provides an intuitive suite of banking and credit card tools designed to help startups manage finances with precision and control.

Mercury is not a chartered bank, but works with banking service providers to provide bank accounts, a physical credit card, and tools for expense management software, among other products.

In 2024, Mercury expanded into consumer banking with Mercury Personal, offering personal banking services such as high-yield savings accounts and custom debit cards. The offering is designed for entrepreneurs, investors, and builders who want a self-serve banking option. Customers can set auto-transfer rules to move money between accounts, give access to additional users and customize permissions for each, issue multiple debit cards with custom spending limits.

Mercury has rapidly gained popularity, with over 100,000 startups using its platform for their financial needs. This year, it was named one of the top ten fintech companies to watch by Juniper Research, recognized for its rapid growth and expansion.

Mercury recently reached US$500 million in annualized revenue, according to the Information. It’s now reportedly in talks with Sequoia Capital to raise a round of financing at a valuation of more than US$3 billion, a person familiar with the matter told Bloomberg last month. The deal would double Mercury’s valuation from US$1.6 billion in 2021 after it raised US$120 million.

Featured image credit: edited from freepik