The future of investing: Fintech 50 2024

aAmid inflation concerns and geopolitical conflicts, volatility remains the same and fintechs are forced to contend with turbulent market conditions. However, six investment firms rose to the challenge and made it onto Forbes’ 2024 FinTech 50 list. This is more than double what he had last year. These established and emerging players have found a profitable niche catering to savvy investors who take advantage of higher bond yields and diversify with alternative assets.

One of our repeat winners, iCapital has been named to the list seven times. The 11-year-old company enables major banks and asset management firms to offer clients access to investments such as venture capital and private debt. In 2023, it launched a marketplace that would be easily accessible to large companies like Blackstone.
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and Carlyle to fund advisors and announce partnership with Morningstar
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Provides 170,000 users with access to iCapital’s marketplace and other features. No wonder assets invested through iCapital’s platform grew 18% last year to $176 billion across more than 1,400 funds.

Another standout company is Vestwell, a retirement and savings platform. Vestwell joined the unicorn club late last year and is currently helping to power Chase’s small business 401(k) savings platform. It also expanded the roster of state-sponsored savings programs for Delaware and Maine. Atomic Invest, a New York fintech firm that joined last year, has expanded its formidable client roster of banks, fintechs and credit unions while adding alternative investment capabilities.

This year, two first-time Personal Finance Award winners join the list. Another new entrant, Arta Finance, aims to revolutionize wealth management for the newly wealthy, providing easy access to alternative investments and financial strategies typically reserved for the ultra-high net worth. I am. It opened to accredited investors in the US in October and will soon launch in Singapore. Newcomer Capitalize offers a free service to transfer a worker’s 401(k) from her former employer to her IRA with partners like Betterment, Robinhood, Schwab, SoFi, and more to everyday investors. We aim to provide services.

Finally, Wealthfront, the Palo Alto, California-based robo-advisor that was on the original Fintech 50 list in 2015, makes a triumphant return. Revenue grew 150% to $200 million in 2023, and assets under management rose 76% to $55 billion, thanks to new products such as an automated bond portfolio with a yield of about 5.5%.

Read more about these investment innovators:

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A digital “family of・We are aiming for an office. Created in 2021 by former Google
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Arta will initially operate by invitation only, then open to all U.S. accredited investors (for individuals, investors with investable assets of $1 million or more or income of $200,000 or more) in October 2023. ) was opened to the public. It is expected to be released in Singapore soon.

Headquarters: Mountain View, California.

Funding: $92 million from Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Coatue Management and others.

sincerely: By the time it opened to the public last October, it had attracted $100 million in assets and more than 1,200 customers.

Co-founder: CEO Caesar Sengupta, 48 years old. Chief Investment Officer Chirag Yagnik, 39 years old. COO David Shapiro, 55 years old. Charles Don, 32 years old. Edward Chan (38) – All former Google executives.