Top 10 Global Fintech Companies That Secured the Largest Funding

Technology & Telecommunications

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Yosepha Pusparisa 25/11/2020 08:50 WIB

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Grab has achieved the distinction of being the startup that secured the largest funding round. The company successfully raised US$9.7 billion, or Rp 137.7 trillion (using an exchange rate of Rp 14,20

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Fintech Startup Funding Amounts (2020)

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Grab holds the title of the *financial technology (fintech)* startup that has secured the largest funding. This digital wallet and remittance company raised US$9.7 billion in funding. This amount is equivalent to Rp 137.7 trillion at an exchange rate of Rp 14,200/USD.

GrabPay, under the Grab umbrella, excels in offering cashless payment options. The application can be linked to credit and debit cards. In addition, GrabPay is also connected to other payment methods, such as PayPal.

The United States-based company Stripe is not far behind. The startup managed to secure US$2 billion, or Rp 28.4 trillion, in funding. Stripe is known for its payment processing services and is backed by various investors, including Sequoia Capital and Tiger Global Management.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."