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5 min read 12.01.2022 636
Ibrahim Busari
Ibrahim Busari
Ibrahim is a fintech writer at AskWallet
Fintech Unicorns 2022

Fintech Unicorns 2022

Today, there is an inflow of fintech firms that have recently acquired unicorn status. These firms continue to lift the bar and propel the fintech sector forward in novel and interesting ways.

In this article we will define what fintech unicorns are? Which ones should you be paying attention to? and much more!

Fintech Unicorns by Country 

Fintech Unicorns in the UK

Many people have been worried about the country's financial sector since the move to pull out of the European Union. However, this is not the case, the United Kingdom has maintained a thriving ecosystem for fintech startups. Allowing them to get regulated by the FSCS and FCA.

The $5.7 billion in fintech financing during the first half of the year already exceeds the total for the entire year of 2020. Fintechs now account for 34% of the UK's 100 tech unicorns, overtaking other sub-sectors such as health and food tech.

The government has approved a slew of initiatives aimed at assisting additional fintech with the potential to join the unicorn club. These include strengthening the country's regulatory sandbox and implementing public listing changes.

Some of the biggest names in the fintech companies in the UK include: 


Monzo is a UK-based banking app with a customer base of nearly five million users. Founded in 2015 and is already valued at $1.3 billion. Most of the service's functions are available to UK clients, while some services, such as the Monzo debit card, are available to users in other countries. With Monzo, you can make payments, register for joint accounts, share expenses, sign up even if you are a teenager, spend funds abroad, etc. Monzo is also available for business users, especially for entrepreneurs who closely want to monitor their budgets.

Read our full Monzo review.


Founded in 2015, Revolut was first envisioned as a multi-currency bank account that minimized various bank costs and commissions associated with foreign currency transactions. It was successful in the EEQ region, raising several million euros, and now aspires to become a genuine online bank. Today, Revolut has expanded beyond the limits of the United Kingdom and currently provides its services in a number of European countries, as well as the United States, Canada, Singapore, and many more.

Read our full Revolut review.

Wise (Formerly transferwise)

Wise started out as a fintech company making it easier to make international transactions. Founded in 2011 by two Estonian businessmen, the digital bank has become one of the leaders. It offers cheap transfer fees for local and international transfers, virtual and plastic cards, business accounts, multi-currency accounts, and many more. 

The digital bank is available to customers in over 200 countries including the EU and EEA countries. The borderless multi-currency account can handle over 50 different currencies. Making it a great choice for traders, travelers, and students studying abroad. 

Read our full Wise review for more details.

Fintech Unicorns in the EU

The number of unicorn firms is quickly increasing, and although it was once simply a Silicon Valley cliché, we are now witnessing tremendous development of these companies across Europe.

We will leave it to our imagination to determine if this is due to European entrepreneurs genuinely catching up with Silicon Valley in terms of ambition or to excessively optimistic venture investors.

Some of the biggest names in the fintech companies in Europe include: 


Valued at 2.5 billion has been active for 14 years already. The Klarna app gives you a complete overview of your shopping, letting you take control of your personal finances. You may pay up to 30 days later and enjoy payment empowerment with no hidden fees. The company also provides full integrations of payment methods and features for your business.


The German neobank was founded in 2018 and is based in berlin. The digital bank has a ton of services and features that a traditional bank offers. With N26, you can get access to a completely insured bank account, free debit cards, travel insurance, SEPA transfers, an IBAN account, and many more!

Read our full N26 review.

Atom Bank

Atom Bank's valuation stands at $1.2 billion. Atom Bank is a mobile-only bank offering fixed savings accounts, mortgages, and business loans. Currently, it does not offer any current account services, so users don’t have the option to spend abroad with any of Atom Bank’s products.

Fintech Unicorn in the US 

The US has provided us with some of the biggest fintech unicorns. More than half (51%) of the world’s soaring fintechs come from the United States. Some of them include: 


Paypal is valued at $327.76 billion. PayPal is one of the most popular online payment platforms for customers and sellers, as well as a reliable payment mechanism for online retailers. Its e-wallet enables users to save, send, and receive money in over 200 countries. PayPal, like banks, is authorized to operate inside a legal framework that ensures secure transactions.

Read our complete Paypal Review


Stripe is a fintech company that builds financial infrastructures on the internet valued at $95 billion. Businesses of all sizes can use Stripe to accept payment and manage their companies online. Stripe makes collecting credit cards online immediately easy for your business.

Final Thoughts 

Looking ahead, we may see some shakeup of the top financial unicorn space. As nations see the economic benefits of the thriving fintech industry, they are establishing a healthy environment with policies that encourage more innovation.