BackBase is leading the way as Junes highest valued FinTech Unicorn

BackBase, a software company for financial institutions, is valued at $2.66B. It just recently became a unicorn when it reached $1b on June 9th. BackBase continued to grow over $1.6b dollars as the month came to an end. This quickly growing company is partnered with Microsoft to help retail and corporate bankers.

These 10 FinTech unicorns have a combined value of over $15b with services ranging from NFT Marketplaces to cybersecurity software. Many of these unicorns provide software services that companies can apply to their business to streamline operations in some manner. For example, Pave provides software to help companies plan accurate compensation for their employees.

Pave, an internet software and services provider, was valued at $1.6B making it June’s 3rd highest valued Unicorn. Pave’s software services help companies accurately compensate their workforce. Companies like Allbirds, Discord, Shopify, and Checkr trust Pave to help them save time with their Compensation Planner and provide competitive compensation to recruit top talent.

These companies, and ones like it, will continue to grow as they become a necessity for firm to remain competitive. The finance industry continues to move into the digital era, forcing companies to rethink how they navigate their operations. FinTech unicorns are paving the way for these companies to streamline their business.

The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global

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