Possible Finance CEO Tony Huang
Possible Finance
As AI startups own the spotlight, fintechs no longer hold the favored status that they enjoyed among venture capitalists during the industry’s euphoric days of 2021. Yet the strongest and most promising continue to raise money. In 2025, venture funding for fintechs grew by 35% to $53 billion, rising for the first time in four years, though that haul remains far below $152 billion raised in 2021, CB Insights reports.
A big group of fintech companies showed impressive innovation and growth in 2025. On our 2026 Fintech 50 list, 20 of the 50 winners had never before made the cut.
Our Crypto category had the most first-timers, with four of the five honorees making their Fintech 50 debut. The most prominent was Polymarket, the prediction-markets giant that facilitated more than $30 billion in trades in 2025. Twenty-seven-year-old founder and CEO Shayne Coplan became one of the world’s youngest self-made billionaires last year. Another crypto newcomer was Hyperliquid, the decentralized crypto exchange that processed a staggering $2.95 trillion in trading volume in 2025, less than two years after launching.
In Insurance, three companies were Fintech 50 newcomers. One was Honeycomb, which provides commercial property insurance to landlords. It uses aerial imagery and AI to do remote inspections. The seven-year-old, Chicago-based startup insures more than 30,000 buildings and reached $275 million in annualized gross written premiums at the end of 2025. Another insurtech newcomer was Reserv, which uses AI to centralize an insurer’s claim files so they can easily be queried. In 2025, it reached $53 million in revenue, up from $24 million in 2024.
The Investing category had two newcomers, including Polymarket rival Kalshi and Human Interest. Kalshi had 1.2 million active users in 2025, and total trading volume hit $24 billion. Most of its trading is in sports, but users can also bet on politics, Oscar winners, snowfall totals and more. Human Interest automates the work involved in setting up and managing company-sponsored 401(k)s, particularly for small businesses. It handles plans for 40,000 companies.
Seattle-based lender Possible Finance also made its Fintech 50 debut. It provides loans of $50 to $500 primarily to low-income consumers in 33 states. It tries to serve as a more flexible alternative to payday loans because payments can be split into multiple installments. New York-based Común, another list-maker, offers digital banking geared toward Hispanic immigrants. Its checking account can be opened online with an ID from a person’s home country, and customers can use the app to send remittances.
Here’s the full list of the 20 newcomers to the Fintech 50 in 2026:
Antithesis
Headquarters: Tysons, Virginia.
After more than half a decade in research and development, backed by $47 million in seed funding, Antithesis came out of stealth in 2024 with a product that efficiently stress-tests every inch of a software program for bugs. It has landed 40 customers, including some trading firms, where software errors can cost hundreds of millions of dollars and could become more common as AI code-writing becomes commonplace. Quant powerhouse Jane Street became a customer in January 2025 and in December led Antithesis’ $105 million Series A round. In a blog post lauding the product, Jane Street wrote that it “adds a little manufactured chaos by interfering with scheduling and networking” and caught two previously unknown bugs during the first run of its trial period.
Funding: $152 million from Jane Street, Amplify Venture Partners and Spark Capital, among others.
Bona fides: In 2025, it tripled its customer base and increased its annualized recurring revenue to almost $10 million from less than $1 million.
Cofounders: CEO Will Wilson, 39, a former software engineer at FoundationDB, acquired by Apple in 2015, with stints at Apple and Google; chief technology officer Dave Scherer, 45, and chief operating officer Nick Lavezzo, 45, ex-cofounders of FoundationDB.
Cardless
Headquarters: San Francisco, California.
Founded in 2019, Cardless helps consumer brands launch and operate their own credit card programs without becoming banks themselves. The company handles all backend services including compliance and funding, and lets brands control the customer experience inside their own apps. Cards can be launched in about 90 days. In 2025, Cardless launched new cards with Coinbase and Bilt and says it now has more than one million cardholders.
Funding: $175 million from Spark Capital, Industry Ventures and Activant Capital among others.
Latest valuation: $216 million, according to PitchBook.
Date of last valuation: September 2025.
Bona fides: Claims gross revenue in the “hundreds of millions.” Completed a $60 million Series C round led by Spark Capital in September 2025.
Cofounders: Michael Spelfogel, 29, who started his career as an intern at the travel rewards website The Points Guy. Scott Kazmierowicz, 30, who previously worked in investment banking at Goldman Sachs and Allen & Co.
Común
Headquarters: New York, New York.
Común offers digital banking geared toward Hispanic immigrants. Its checking account has no monthly service fees and can be opened online with an ID from their home country. Común also allows people to send remittances through its app. International transfers carry a fixed $2.99 fee, plus an additional variable fee for money sent to countries that accept the U.S. dollar as their currency, like Panama or Ecuador. Común makes most of its money on interchange fees from its debit and international transfers. By the end of 2025, it reached 276,000 open accounts, up from 160,000 the year prior.
Funding: $49.5 million from Redpoint Ventures, Costanoa Ventures, South Park Commons, among others.
Latest valuation: $200 million.
Date of last valuation: October 2025.
Bona fides: Revenue in 2025 reached $12.5 million, up from $5 million the year before.
Cofounders: CEO Andres Santos, 34, earned an MBA from MIT; CTO Abiel Gutierrez, 30, graduated from Stanford and formerly worked at Brex. Both are from Monterrey, México.
Honeycomb Insurance
Headquarters: Chicago, Illinois.
Founded in 2019, Honeycomb provides commercial property insurance to landlords and condo associations, insuring buildings against fires and property damage. It uses aerial imagery and AI to do remote inspections, keeping its costs low. Honeycomb is available in 20 U.S. states and acts as a managing general agent (MGA), underwriting insurance and handling claims but not taking on any of the financial risk, which is assumed by reinsurers.
Funding: $55 million from Zeev Ventures, Denver-based Ibex Investors and Israeli insurance company Phoenix Insurance, among others.
Latest valuation: $140 million.
Date of last valuation: May 2024.
Bona fides: Honeycomb insures more than 30,000 customers, up 70% from the year prior. At the end of 2025, it reached $275 million in annualized gross written premiums.
Cofounders: CEO Itai Ben‑Zaken, 49, a Wharton MBA who previously led the insurance division of digital marketplace firm QuinStreet; CTO Nimrod Sadot, 48, who earned his PhD in physics at Stanford and previously with Intel and Applied Materials.
Human Interest
Headquarters: San Francisco, California
Automates the work involved in setting up and managing company-sponsored 401(k)s and other retirement plans. It handles plans for 40,000 companies, with a particular focus on small businesses and service sectors like retail, restaurants and nonprofits which historically have been unlikely to offer 401(k) benefits. Basic plans start at $120 plus $5 per eligible employee per month, with a promise to match the total cost of any offers from competing providers. Includes features like 3% cash back on 401(k) contributions (provided on a gift card) for employees making $60,000 or less annually to incentivize enrolling and saving. A $100 million funding round in October more than doubled its valuation to $3 billion.
Funding: $725 million from Morgan Stanley, BlackRock, TPG’s The Rise Fund and others.
Latest valuation: $3 billion.
Date of last valuation: October 2025.
Bona fides: Increased revenue by 46% in 2025 to $150 million and has $8 billion in assets under management through its platform.
Cofounders: Former CEO Roger Lee, 39, and former CTO Paul Sawaya, 37, founded the business in 2015 and led it for half a decade.
CEO: Jeff Schneble, 45, an ex-investor at Wing Venture Capital who led Human Interest’s Series A round in 2017 and took charge in 2019.
Hyperliquid
Headquarters: Cayman Islands.
Launched in 2023, the decentralized exchange and the specialized blockchain it runs on have quickly emerged as a dominant force in crypto trading, driven by speed and a user experience that rivals centralized platforms. In 2025, Hyperliquid captured an estimated 80% share of the perpetual futures market, crypto traders’ preferred instrument for highly leveraged speculation, generating $844 million in revenue on $2.95 trillion in trading volume.
Funding: Self-funded.
Latest valuation: $7.7 billion (market capitalization of Hyperliquid’s HYPE token).
Date of last valuation: January 2026.
Bona fides: Completely bootstrapped with an extremely lean team of roughly a dozen employees.
Founder: CEO Jeff Yan, 31, who previously worked as an algorithm developer at Hudson River Trading.
Justt
Headquarters: New York, New York.
Justt uses transaction data and AI to help merchants, payment providers and marketplaces recover revenue lost to illegitimate chargebacks (card disputes). For each dispute, Justt’s AI tailors evidence and arguments to try to maximize win rates for retailers. In 2025, Justt grew its customer base–which includes BestBuy, Klarna and DoorDash–to 400 companies, up from 225 the year prior.
Funding: $100 million from Oak HC/FT, Zeev Ventures and Citi Ventures, among others.
Latest valuation: $170 million.
Date of last valuation: September 2024.
Bona fides: Justt reached $32 million in revenue in 2025, up from $18 million in 2024.
Cofounders: CEO Ofir Tahor, 42, who previously founded ad tech company Shopial; chief risk officer Roenen Ben-Ami, 41, a former captain in the Israeli Defense Forces also worked at crypto payments company Simplex.
Kalshi
Headquarters: New York, New York
Exploded in popularity as prediction markets went mainstream in 2025 after users bet more than $500 million through its platform on the 2024 presidential election. Active traders grew fivefold from 240,000 to 1.2 million in 2025, and valuation ballooned to $11 billion from less than $1 billion in three back-to-back funding rounds. Most of its trading is in sports, but users can also bet on politics, Oscar winners, snowfall totals and more. In 2020, Kalshi received CFTC approval to operate as a designated contract market, legally distinguishing it from gambling businesses. Archrival Polymarket received similar approval to operate in the U.S. last year.
Funding: $1.6 billion from Sequoia, Andreessen Horowitz, Paradigm and others.
Latest valuation: $11 billion.
Date of last valuation: December 2025.
Bona fides: Weekly trading volume reached $2 billion in early 2026 after total volume in 2025 was $23.8 billion.
Cofounders: CEO Tarek Mansour, 29, and COO Luana Lopes Lara, 29, met as classmates at MIT and are billionaires after Kalshi’s December Series E round.
Ledn
Headquarters: Cayman Islands.
A pioneer in bitcoin-backed lending, Ledn allows crypto investors in more than 100 countries to borrow U.S. dollars against their bitcoin holdings. The company has emerged as one of the largest digital-asset lenders, with loan originations exceeding $1 billion in 2025.
Funding: $107 million from 50T Holdings, Kingsway Capital, White Star Capital, among others.
Latest valuation: $540 million.
Date of last valuation: November 2021.
Bona fides: Using AI loan and funding approvals are granted in as little as six hours, compared with weeks at traditional lenders.
Cofounders: CEO Adam Reeds, 41; CSO Mauricio Di Bartolomeo, 40 launched the platform in 2018 to solve their own funding constraints while operating a Canadian bitcoin mining business.
Maybern
Headquarters: New York, New York.
Automates accounting for private market funds, with software that calculates management fees, manages capital calls to investors and accurately distributes profits between limited partners and carried interest kept by the fund manager. Most firms no longer have a simple one-size-fits-all 2 and 20 fee structure, instead juggling side letters giving some LPs separate fee arrangements or cutting fees to stay competitive during a fundraising slump. Maybern keeps track of each firm’s custom conditions, saving CFOs and accounting teams from managing a myriad of separate spreadsheets. Maybern started by signing on real estate funds and is expanding into private equity and credit, with clients including Gauge Capital, Madison Realty Capital and Derby Lane Partners. Its clients collectively manage $80 billion. Maybern charges 1 to 2 basis points of AUM.
Funding: $76 million from Battery Ventures, Primary Venture Partners and Human Capital, among others.
Latest valuation: $270 million.
Date of last valuation: November 2025.
Bona fides: More than doubled number of customers in 2025 to 21 firms managing $80 billion, up from $17 billion at the start of the year.
Cofounders: CEO Ross Mechanic, 31, and CTO Ashwin Raghu, 40, former software engineering colleagues at commercial real estate investing startup Cadre.
Monarch
Headquarters: Covina, California.
Founded in 2018, Monarch is a budgeting app that aims to go beyond budgeting and tracking, using software to provide actionable advice and planning. Intuit shut down Mint in 2024, and Monarch became a popular alternative. Monarch features include goal-setting, category budgeting and an AI assistant. The subscription costs around $100 annually or $15 per month. In 2025, it raised $75 million in Series B funding at an $850 million valuation.
Funding: $95 million from FPV, Forerunner and Menlo Ventures, among others.
Latest valuation: $850 million.
Date of last valuation: May 2025.
Bona fides: Monarch has over 500,000 paying subscribers and nearly one million total users of its app.
Cofounders: CEO Val Agostino, 50, who was an early product manager at Mint; head of design Jon Sutherland, 41; head of engineering Ozzie Osman, 36.
Nayya
Headquarters: New York, New York.
Feeds data about employees’ health and finances into its AI-driven software to help them pick the most cost-effective medical and supplemental insurance plans, file claims and manage their 401(k)s and personal finances. In 2025, Nayya acquired fintech startup Northstar to extend Nayya’s reach to financial advisors.
Funding: $130 million from Felicis, ICONIQ and Viewpoint, among others.
Latest valuation: $515 million, according to PitchBook.
Date of last valuation: January 2022.
Bona fides: In 2025, it hit more than $30 million in annual revenue and nearly a million users (most through partnerships with companies like payroll processor ADP).
Cofounders: Former CEO Sina Chehrazi, 35, a Georgetown Law graduate who worked at fintech company Enigma before starting Nayya; Chehrazi stepped down as Nayya’s CEO in January 2026 and became executive chair; former CTO Akash Magoon, 29, who left Nayya in 2022 and is now cofounder and CEO of health tech startup Adonis.
CEO: Sarah Liebel, 43, who joined Nayya in late 2024 after executive stints at Groupon, BetterUp and 1stDibs and became Nayya’s CEO in January 2026.
Payabli
Headquarters: Miami, Florida.
Payabli’s technology helps mid-sized and large software companies accept payments and process outgoing payments. It facilitates more than $6 billion in annualized transactions and has 95 customers, including firms that process payments for property management companies, utilities and universities. In 2025, the company raised $28 million in Series B funding at a $305 million valuation.
Funding: $60 million from QED
Latest valuation: $305 million.
Date of latest valuation: June 2025.
Bona fides: Payabli’s net revenue increased to $20 million in 2025, from $5 million in 2024.
Cofounders: Co-CEO Joseph Elias Phillips, 40, who was formerly head of sales at service-contractor software firm ServiceTitan; Co-CEO William Corbera, 44, who previously co-founded payments company Revopay, which was acquired by OSG Billing in 2020.
Phantom
Headquarters: San Francisco, California.
Leading non-custodial crypto wallet Phantom counts 22 million active users worldwide who use the app to store, send and swap digital assets and access decentralized applications. The company is rapidly expanding beyond a wallet into a broader consumer crypto platform with fiat-to-crypto on-ramps through its Phantom Cash accounts, along with debit cards, and access to perpetuals and prediction markets via integrations with Hyperliquid and Kalshi.
Funding: $268 million from Sequoia Capital, Paradigm, a16z, among others.
Latest valuation: $3 billion.
Date of last valuation: January 2025.
Bona fides: booked $320 million in 2025 revenue, up from $200 million in 2024.
Cofounders: CEO Brandon Millman, 34; CTO Francesco Agosti, 33; chief product officer Chris Kalani, 38. All previously worked at crypto trading infrastructure firm 0x.
Polymarket
Headquarters: New York, New York.
Founded in 2020, Polymarket surged into the mainstream during the 2024 U.S. presidential election, evolving from a niche crypto product into a widely cited political forecasting tool. The platform now hosts dozens of markets spanning politics, sports, economics and entertainment. After halting U.S. operations in 2022 following scrutiny from the Commodity Futures Trading Commission, the company received approval to return in September and is gradually reopening onshore access through a waitlist-based rollout.
Funding: $2.3 billion from Intercontinental Exchange, Founders Fund and Ribbit Capital, among others.
Latest valuation: $9 billion.
Date of last valuation: October 2025.
Bona fides: Generated more than $30 billion in trading volume in 2025.
Founder: CEO Shayne Coplan, 27, briefly became the world’s youngest self-made billionaire in late 2025.
Possible Finance
Headquarters: Seattle, Washington.
Possible Finance provides loans of $50 to $500 in 33 states, primarily to low-income consumers where payday lending is permitted. It serves as a more flexible alternative because payments can be split into multiple installments and rescheduled up to 29 days from the original date. Loans have a flat fee that varies by state. On average, Possible charges 20% of the principal borrowed. In 2025, it launched Cash Advance, for loans of up to $300 in 10 states. It costs $15 per month through a membership, which includes rent and bill reporting to improve credit. Advances carry no interest, no late fees and no penalty fees.
Funding: $55 million from Canvas Prime, Union Square Ventures and Euclidean Capital, among others.
Latest valuation: $250 million.
Date of last valuation: January 2022.
Bona fides: Possible Finance has funded 1.5 million unique customers since its 2017 founding, and 700,000 unique customers received at least one loan in 2025, up from about 500,000 the year prior. Revenue grew to $101 million in 2025 (with a net profit of $3 million), up from $69 million in 2024.
Cofounders: CEO Tony Huang, 35; CTO Tyler Conant, 45; Prasad Mahendra, 47, formerly vice president of engineering, now an advisor. All three cofounders previously worked at public-safety technology company Axon on body cameras for police officers.
Rain
Headquarters: New York, New York.
Founded in 2021, Rain helps companies move, store, and use cryptocurrency-based stablecoins. It allows companies to issue Visa cards that hold stablecoins and work anywhere Visa is accepted. In 2025, it reached $2 billion in annualized transactions, and in January 2026, its valuation surged to $1.95 billion, up from $595 million just five months prior, according to PitchBook.
Funding: $338 million from ICONIQ, Norwest, Sapphire and Lightspeed, among others.
Latest valuation: $1.95 billion.
Date of latest valuation: January 2026.
Bona fides: Rain’s customer base rose to 166 by the end of 2025, up from 47 the year prior. It counts Western Union and Nuvei as clients.
Cofounders: CEO Farooq Malik, 42, who was previously treasurer and investment officer at green infrastructure-financing bank North American Development Bank; CTO Charles Yoo-Naut, 35, who cofounded his first startup, Playbook HR, in 2014 and sold it to Intuit before starting Rain.
Reserv
Headquarters: New York, New York.
Founded in 2022, Reserv uses AI to help insurers (and companies that self-insure) more quickly process claims. Focused on commercial auto, trucking and logistics insurance, it consolidates a company’s claim files into one place so claims adjusters can easily query them with any question they have. In 2025, Reserv doubled its number of customers, which include a top-five U.S. logistics company, to more than 100.
Funding: $72 million from Flourish Ventures, Bain Capital Ventures and Altai Ventures, among others.
Latest valuation: $261 million.
Date of last valuation: September 2025.
Bona fides: Reached $53 million in 2025 revenue, up from $24 million in 2024.
Cofounders: CEO CJ Przybyl, 43, a serial entrepreneur and former chief strategy officer at claims-management company Snapsheet; president Martha Dreiling, 41, a former executive at fintech companies including small business lender OnDeck Capital and renters insurance company Rhino.
Rillet
Headquarters: New York, New York.
Racing to build AI enterprise accounting and finance systems that can compete with legacy products, like Oracle’s NetSuite, Rillet is a good example of why traditional software stocks have been under pressure lately. Instead of waiting weeks or months for business metrics to be pulled out of what it calls “dumb databases,” Rillet promises to help customers close their books in days with leaner teams. In August, three months after raising $25 million in a Series A backed by Sequoia Capital, Rillet raised another $70 million, at a $500 million valuation, in a Series B led by Andreessen Horowitz and Iconiq Capital. “We had these funds basically chasing us around,” says CEO Nicolas Kopp, who has a master’s degree in accounting from the London School of Economics. Founded in 2021 and launched out of stealth in 2024, Rillet counts Elon Musk’s Neuralink and AI work automation unicorn Mercor among its corporate customers.
Funding: $110 million from Sequoia, Andreessen Horowitz, Iconiq Capital and others.
Latest valuation: $500 million, according to Pitchbook.
Date of last valuation: August 2025.
Bona fides: Says its customer count has grown to 350, up from 100 at the start of 2025, to maintain an edge over hot-on-its-heels competitors like Campfire, Everest and DualEntry.
Cofounders: CEO Nicolas Kopp, 39, a Swiss-born veteran of Morgan Stanley who moved in 2017 to become the U.S. CEO of neobank N26, and CTO Stelios Modes, 42, an ex-engineer at ThoughtWorks and Shazam.
Rogo
Headquarters: New York, New York.
Automates financial analysis for investment banks, private equity firms and hedge funds, using Ai to run financial models, draft IPO documents and create slide decks that take analysts long hours to do manually. More than 25,000 individuals at 150 firms like Moelis, Lazard and Tiger Global use Rogo every day, paying a subscription fee for each seat. Sequoia led a $75 million Series C round in January 2026 at a $750 million valuation, more than doubling in less than a year, with backing from private equity pioneer Henry Kravis. The funding will help Rogo open a London office this year to attract more European institutions as customers.
Funding: $165 million from Sequoia, Thrive Capital and Khosla Ventures, among others.
Latest valuation: $750 million.
Date of last valuation: January 2026.
Bona fides: Revenue grew 650% in 2025 to over $15 million, added more than 100 customers last year after launching the product in 2024.
Cofounders: CEO Gabriel Stengel, 27, and COO John Willett, 27, former investment bankers at Lazard and JPMorgan, and Tumas Rackaitis, 26, ex-software engineer at brokerage firm Gilder Gagnon Howe & Co.
