6 Blockchain-Based Companies Made It to Forbes’ Top 50 Finte...
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6 Blockchain-Based Companies Made It to Forbes’ Top 50 Fintech Companies for 2020

Forbes media outlet has released its top 50 fintech companies for 2020 this week, which included 6 blockchain startups. The 6 startups which were under the category “Blockchain and Bitcoin” were Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple. 

Forbes composed its 2020 list in alphabetical order, spanning on array of categories within the financial technology industry. Other non-blockchain contenders on the list were Plaid, Opendoor and Lemonade, which are categorized under payments, real estate and insurance respectively. 

Among the 6 companies which fell under the “Blockchain and Bitcoin” category, crypto exchange giant, Coinbase touted the most funding, at $525 million. Ripple came second with $293 million. Everledger had the smallest funding among the 6 crypto firms, at $20 million. 

There were some 3 similarities that Forbes noted among the listed 50 fintech companies regarding shareholding, services and location. The media outlet explained that all the listed companies were private companies with operations or customers in the US. They are all making the use of financial services easier, faster and cheaper. Out of the 50 listed businesses, 48 of them are US-based and the remaining 2 are based in the UK. 

Featured Image Courtesy of Shutterstock

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Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.

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