The window for submissions for this year’s annual Fintech 50 list is open until 15 November, with publication scheduled to be next February 2025. Since the list debuted in 2014, it has profiled 50 of the most influential private fintech firms annually across a range of sectors: digital banking, payments, fraud protection, cryptocurrencies, financial data, lending, and many others. All have been lauded as helping to reduce costs, improve efficiency, and expand access within the financial system. This year will see the list commemorate its 10th anniversary. Each year, a team of 10 reporters and editors devoted to profiling fintech firms go through a ‘gargantuan process of consultation with investors, analysts and industry leaders.’
Quantitative metrics such as sales or customer numbers are inadequate for defining the qualitative market impact of innovation and strategic manoeuvring, so the Fintech 50 scores companies based on these criteria. Venture-backed startups generally win the day because they are the driving force behind so many financial innovation trends, but bootstrapped companies that are doing something distinctive can also make the list. For example, public companies and their subsidiaries don’t qualify. This approach helps to ensure that the list captures only the true pioneers of industry.
Source: Forbes
