Fintech 50 2022: The Future of Investing

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Fintech 50 2022: The Future of Investing

 

Despite the turmoil caused by looming interest rate hikes, Russia’s war on Ukraine, and rising inflation, these four investing fintechs have gained millions of customers and billions of dollars in assets.

 

The exploding popularity of alternative investments has fueled staggering growth for New York City-based iCapital, which has returned to Forbes’ Fintech 50 for the fifth year in a row after raising $500 million in funding from investors in 2021.

 

The platform assists financial advisors and legacy institutions such as UBS and BlackRock in diversifying their wealthy clients’ portfolios through investments in venture capital, real estate, structured debt, and other areas, and now services more than $125 billion in assets, a 70% increase in one year. There will also be more: iCapital announced late last month that it would enter the annuities market through the acquisition of fintech platform Simon, which helped issue more than $48 billion in structured investments and annuities last year.

 

Robinhood was noticeably absent from this year’s list after going public in July at a staggering $30 billion valuation.

 

Robinhood shares have fallen more than 83% this year, encapsulating the stock market’s wild year, as user counts and trading volume have fallen from last year’s record highs. Aspiration, a socially conscious neobank that announced in August that it would go public through a special purpose acquisition company, also falls off, though it has yet to begin trading.

 

Instead, less than three years after its launch in September 2019, brokerage Public.com makes its debut on the Fintech 50. Public’s user base has roughly tripled to 3 million in the last year, thanks to investments from billionaire Shari Redstone, NFL player JJ Watt, and influencer Casey Neistat. The platform also quickly expanded its offerings beyond stocks, adding support for non-fungible tokens, art, real estate, cryptocurrency, and other assets this year.

 

This year’s Fintech 50 also includes 401(k) administrator Guideline, which had more than $6 billion in assets in April, and mobile app Stash, which now offers cryptocurrencies in addition to investing, banking, and retirement services.

 

Here are the most forward-thinking fintech investment firms:

 

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