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Public Comps and Valuation Multiples for FinTech

Benchmark revenue and EBITDA valuation multiples for public comps like
Visa, Mastercard, American Express, Charles Schwab and S&P Global.

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FinTech

Viewing 50 of 523 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Visa	$595B	$600B	$43B	14.1x	20.0x
Mastercard	$450B	$458B	$34B	13.4x	21.3x
American Express	$214B	$275B	$74B	3.7x	—
Charles Schwab	$154B	$166B	$25B	6.7x	11.7x
S&P Global	$129B	$141B	$16B	9.0x	17.5x
Capital One	$121B	$173B	$57B	3.0x	—
Intuit	$109B	$113B	$21B	5.5x	12.9x
CME Group	$103B	$104B	$7B	15.6x	21.8x
MercadoLibre	$94B	$100B	$32B	3.1x	23.7x
Intercontinental Exchange	$90B	$106B	$10B	10.4x	15.6x
Moody's	$80B	$85B	$8B	10.8x	21.0x
Robinhood	$76B	$77B	$5B	16.5x	29.4x
Nubank	$71B	$69B	$17B	3.9x	—
London Stock Exchange Group	$67B	$79B	$12B	6.3x	12.5x
HKEX	$66B	$26B	$4B	6.8x	8.7x
Bajaj Finance	$61B	$96B	$6B	16.4x	32.7x
Deutsche Börse	$57B	($174B)	$7B	(23.9x)	(41.0x)
Coinbase	$53B	$49B	$7B	6.8x	18.2x
Nasdaq	$51B	$60B	$5B	11.1x	18.8x
East Money	$46B	$20B	$2B	7.9x	8.9x
PayPal	$45B	$45B	$33B	1.3x	6.4x
Rocket Companies	$44B	$54B	$8B	6.6x	26.5x
MSCI	$43B	$49B	$3B	15.2x	24.8x
Block	$43B	$40B	$25B	1.6x	10.4x
Thomson Reuters	$40B	$42B	$8B	5.5x	13.8x
Constellation Software	$37B	$40B	$12B	3.3x	11.5x
Adyen	$34B	$22B	$3B	7.5x	14.2x
Interactive Brokers	$34B	$29B	$6B	4.5x	5.8x
Experian	$33B	$38B	$8B	4.5x	12.7x
Fiserv	$32B	$61B	$20B	3.1x	6.7x
Cboe Global Markets	$32B	$31B	$3B	12.3x	18.0x
Workday	$31B	$29B	$10B	3.0x	9.1x
Synchrony	$26B	$43B	$15B	2.9x	—
LPL Financial	$26B	$32B	$18B	1.8x	12.8x
HiThink	$25B	$24B	$952M	25.4x	43.1x
Circle	$25B	$23B	$3B	8.1x	38.6x
Tradeweb Markets	$24B	$22B	$2B	10.3x	18.9x
Fair Isaac	$24B	$27B	$2B	11.8x	20.3x
Fidelity Information Services	$24B	$36B	$12B	3.1x	7.5x
SoFi	$24B	$25B	$4B	6.5x	20.8x
Verisk Analytics	$23B	$26B	$3B	8.3x	14.8x
Futu Holdings	$22B	$22B	$3B	7.4x	12.0x
Affirm	$21B	$28B	$4B	7.1x	25.9x
Corpay	$21B	$28B	$5B	6.0x	11.2x
Equifax	$21B	$26B	$6B	4.1x	12.8x
B3 Bolsa do Brasil	$19B	$19B	$2B	9.2x	13.3x
Global Payments	$19B	$32B	$10B	3.1x	6.5x
Singapore Exchange	$18B	$17B	$1B	15.2x	24.2x
Broadridge	$18B	$21B	$7B	2.9x	11.8x
Wolters Kluwer	$17B	$22B	$7B	3.0x	9.0x
Jio Financial Services	$17B	$X.XB	$313M	X.Xx	X.Xx
Euronext	$17B	$X.XB	$2B	X.Xx	X.Xx
Toast	$17B	$X.XB	$7B	X.Xx	X.Xx
IREN	$17B	$X.XB	$909M	X.Xx	X.Xx
SS&C Technologies	$16B	$X.XB	$6B	X.Xx	X.Xx
Kaspi.kz	$16B	$X.XB	$9B	X.Xx	X.Xx
BSE India	$15B	$X.XB	$525M	X.Xx	X.Xx
Groww	$14B	$X.XB	$507M	X.Xx	X.Xx
Wise	$14B	$X.XB	$2B	X.Xx	X.Xx
TransUnion	$14B	$X.XB	$5B	X.Xx	X.Xx
PayPay	$14B	$X.XB	—	X.Xx	X.Xx
Computershare	$12B	$X.XB	$3B	X.Xx	X.Xx
BitMine	$12B	$X.XB	$98M	X.Xx	X.Xx
Japan Exchange Group	$12B	$X.XB	$1B	X.Xx	X.Xx
Guidewire	$12B	$X.XB	$1B	X.Xx	X.Xx
Sage	$11B	$X.XB	$4B	X.Xx	X.Xx
TMX Group	$11B	$X.XB	$1B	X.Xx	X.Xx
XP Investimentos	$10B	$X.XB	$4B	X.Xx	X.Xx
Xero	$10B	$X.XB	$2B	X.Xx	X.Xx
TeraWulf	$10B	$X.XB	$234M	X.Xx	X.Xx
Chime	$9B	$X.XB	$2B	X.Xx	X.Xx
Beijing Compass Technology	$9B	$X.XB	$341M	X.Xx	X.Xx
Hut 8	$9B	$X.XB	$272M	X.Xx	X.Xx
Nordnet	$8B	$X.XB	$625M	X.Xx	X.Xx
StoneX Group	$8B	$X.XB	$5B	X.Xx	X.Xx
PB Fintech	$8B	$X.XB	$729M	X.Xx	X.Xx
ASX	$8B	$X.XB	$855M	X.Xx	X.Xx
KakaoBank	$8B	$X.XB	$1B	X.Xx	X.Xx
FactSet	$8B	$X.XB	$2B	X.Xx	X.Xx
Paytm	$8B	$X.XB	$888M	X.Xx	X.Xx
Swissquote	$8B	$X.XB	$929M	X.Xx	X.Xx
MCX India	$7B	$X.XB	$238M	X.Xx	X.Xx
Cipher Digital	$7B	$X.XB	$234M	X.Xx	X.Xx
Hundsun	$7B	$X.XB	$859M	X.Xx	X.Xx
Clearwater Analytics	$7B	$X.XB	$799M	X.Xx	X.Xx
Riot Platforms	$7B	$X.XB	$632M	X.Xx	X.Xx
Morningstar	$7B	$X.XB	$2B	X.Xx	X.Xx
SBI Cards & Payment Services	$7B	$X.XB	$2B	X.Xx	X.Xx
IG Group	$7B	$X.XB	$2B	X.Xx	X.Xx
Rakuten Bank	$7B	$X.XB	$1B	X.Xx	X.Xx
Chailease Holding	$7B	$X.XB	—	X.Xx	X.Xx
Core Scientific	$7B	$X.XB	$428M	X.Xx	X.Xx
Allfunds	$6B	$X.XB	$762M	X.Xx	X.Xx
Bullish	$6B	$X.XB	$320M	X.Xx	X.Xx
Edenred	$6B	$X.XB	$3B	X.Xx	X.Xx
Topicus	$6B	$X.XB	$2B	X.Xx	X.Xx
MarketAxess	$6B	$X.XB	$867M	X.Xx	X.Xx
BGC Group	$5B	$X.XB	$3B	X.Xx	X.Xx
Techcom Securities	$5B	$X.XB	$453M	X.Xx	X.Xx
Klarna	$5B	$X.XB	$4B	X.Xx	X.Xx
TaTaTu	$5B	$X.XB	—	X.Xx	X.Xx
Nexi	$5B	$X.XB	$4B	X.Xx	X.Xx
WEX	$5B	$X.XB	$3B	X.Xx	X.Xx
Sinar Mas Multiartha	$5B	$X.XB	—	X.Xx	X.Xx
Nelnet	$5B	$X.XB	$2B	X.Xx	X.Xx
Kakao Pay	$5B	$X.XB	$695M	X.Xx	X.Xx
Oscar Health	$5B	$X.XB	$14B	X.Xx	X.Xx
Lemonade	$5B	$X.XB	$884M	X.Xx	X.Xx
HUB24	$5B	$X.XB	$341M	X.Xx	X.Xx
NOBA Bank	$5B	$X.XB	$1B	X.Xx	X.Xx
Bicecorp	$5B	$X.XB	—	X.Xx	X.Xx
Tadawul Group	$5B	$X.XB	$347M	X.Xx	X.Xx
OneStream	$4B	$X.XB	—	X.Xx	X.Xx
Remitly Global	$4B	$X.XB	$2B	X.Xx	X.Xx
Tel Aviv Stock Exchange	$4B	$X.XB	$182M	X.Xx	X.Xx
MARA Holdings	$4B	$X.XB	$867M	X.Xx	X.Xx
ACI Worldwide	$4B	$X.XB	$2B	X.Xx	X.Xx
GRG Banking	$4B	$X.XB	$2B	X.Xx	X.Xx
Gentera	$4B	$X.XB	$3B	X.Xx	X.Xx
Asseco Poland	$4B	$X.XB	$5B	X.Xx	X.Xx
Netwealth Group	$4B	$X.XB	$267M	X.Xx	X.Xx
Plus500	$4B	$X.XB	$799M	X.Xx	X.Xx
Virtu Financial	$4B	$X.XB	$2B	X.Xx	X.Xx
Enova International	$4B	$X.XB	$3B	X.Xx	X.Xx
Shenzhen Fortune Trend	$4B	$X.XB	$58M	X.Xx	X.Xx
dLocal	$4B	$X.XB	$1B	X.Xx	X.Xx
Samsung Card	$4B	$X.XB	$3B	X.Xx	X.Xx
flatexDEGIRO	$4B	$X.XB	$681M	X.Xx	X.Xx
Marex Group	$4B	$X.XB	$2B	X.Xx	X.Xx
GMO Payment Gateway	$4B	$X.XB	$565M	X.Xx	X.Xx
TOTVS	$4B	$X.XB	$1B	X.Xx	X.Xx
Shift4 Payments	$4B	$X.XB	$2B	X.Xx	X.Xx
BILL.com	$4B	$X.XB	$2B	X.Xx	X.Xx
Webull	$4B	$X.XB	$619M	X.Xx	X.Xx
Bread Financial	$4B	$X.XB	$4B	X.Xx	X.Xx
Banco Inter	$4B	$X.XB	$2B	X.Xx	X.Xx
Dave	$4B	$X.XB	$600M	X.Xx	X.Xx
XTB	$3B	$X.XB	$652M	X.Xx	X.Xx
Paymentus	$3B	$X.XB	$1B	X.Xx	X.Xx
Kakaku.com	$3B	$X.XB	$599M	X.Xx	X.Xx
Servyou Software Group	$3B	$X.XB	$320M	X.Xx	X.Xx
CRISIL	$3B	$X.XB	$420M	X.Xx	X.Xx
NCR Atleos	$3B	$X.XB	$4B	X.Xx	X.Xx
Cleanspark	$3B	$X.XB	$711M	X.Xx	X.Xx
Dubai Financial Market	$3B	$X.XB	$229M	X.Xx	X.Xx
Upstart	$3B	$X.XB	$1B	X.Xx	X.Xx
Newland Digital Tech	$3B	$X.XB	—	X.Xx	X.Xx
Q2 Holdings	$3B	$X.XB	$821M	X.Xx	X.Xx
TP ICAP	$3B	$X.XB	$3B	X.Xx	X.Xx
Lakala	$3B	$X.XB	$841M	X.Xx	X.Xx
Diebold Nixdorf	$3B	$X.XB	$4B	X.Xx	X.Xx
StoneCo	$3B	$X.XB	$3B	X.Xx	X.Xx
CorVel	$3B	$X.XB	—	X.Xx	X.Xx
Bitdeer	$3B	$X.XB	$749M	X.Xx	X.Xx
CCC Intelligent Solutions	$3B	$X.XB	$1B	X.Xx	X.Xx
Euronet Worldwide	$3B	$X.XB	$4B	X.Xx	X.Xx
eToro	$3B	$X.XB	$891M	X.Xx	X.Xx
PagSeguro	$3B	$X.XB	$4B	X.Xx	X.Xx
AJ Bell	$3B	$X.XB	$453M	X.Xx	X.Xx
Western Union	$3B	$X.XB	$4B	X.Xx	X.Xx
Tradition	$3B	$X.XB	$1B	X.Xx	X.Xx
Rasan	$3B	$X.XB	$200M	X.Xx	X.Xx
Sezzle	$3B	$X.XB	$490M	X.Xx	X.Xx
ZhongAn	$3B	$X.XB	$5B	X.Xx	X.Xx
Kruk S.A.	$3B	$X.XB	$908M	X.Xx	X.Xx
Tradegate	$2B	$X.XB	—	X.Xx	X.Xx
Lufax Holding	$2B	$X.XB	$4B	X.Xx	X.Xx
Krungthai Card	$2B	$X.XB	$835M	X.Xx	X.Xx
Aisino	$2B	$X.XB	—	X.Xx	X.Xx
Douzone Bizon	$2B	$X.XB	$316M	X.Xx	X.Xx
Zip	$2B	$X.XB	$908M	X.Xx	X.Xx
iFAST Corp	$2B	$X.XB	$433M	X.Xx	X.Xx
Autohome	$2B	$X.XB	$920M	X.Xx	X.Xx
Banco Invex	$2B	$X.XB	$30M	X.Xx	X.Xx
Ncino	$2B	$X.XB	$606M	X.Xx	X.Xx
Vertex	$2B	$X.XB	$774M	X.Xx	X.Xx
Computer Age Management Services	$2B	$X.XB	$163M	X.Xx	X.Xx
Boursa Kuwait	$2B	$X.XB	—	X.Xx	X.Xx
XGD	$2B	$X.XB	$491M	X.Xx	X.Xx
Shenzhen Kingdom Sci-tech	$2B	$X.XB	—	X.Xx	X.Xx
Marqeta	$2B	$X.XB	$652M	X.Xx	X.Xx
BlackLine	$2B	$X.XB	$721M	X.Xx	X.Xx
Evertec	$2B	$X.XB	$963M	X.Xx	X.Xx
Bursa Malaysia	$2B	$X.XB	$188M	X.Xx	X.Xx
Intapp	$2B	$X.XB	$561M	X.Xx	X.Xx
Payoneer	$2B	$X.XB	$1B	X.Xx	X.Xx
Ziff Davis	$2B	$X.XB	$1B	X.Xx	X.Xx
Alkami Technology	$2B	$X.XB	$471M	X.Xx	X.Xx
Yixin Group	$2B	$X.XB	$2B	X.Xx	X.Xx
Bitfarms	$2B	$X.XB	$192M	X.Xx	X.Xx
Money Forward	$2B	$X.XB	$336M	X.Xx	X.Xx
Superbank Indonesia	$2B	$X.XB	—	X.Xx	X.Xx
Isracard	$2B	$X.XB	—	X.Xx	X.Xx
Flywire	$2B	$X.XB	$643M	X.Xx	X.Xx
PicPay	$2B	$X.XB	$2B	X.Xx	X.Xx
Wealthfront	$2B	$X.XB	$372M	X.Xx	X.Xx
Qfin Holdings	$2B	$X.XB	$3B	X.Xx	X.Xx
Shenzhen Sunline	$2B	$X.XB	$300M	X.Xx	X.Xx
Matsui Securities	$2B	$X.XB	$245M	X.Xx	X.Xx
Moltiply Group	$2B	$X.XB	$815M	X.Xx	X.Xx
SMZDM.com	$2B	$X.XB	$201M	X.Xx	X.Xx
OSL Group	$1B	$X.XB	$74M	X.Xx	X.Xx
Sharplink	$1B	$X.XB	$42M	X.Xx	X.Xx
Flow Traders	$1B	$X.XB	—	X.Xx	X.Xx
Donnelley Financial Solutions	$1B	$X.XB	$774M	X.Xx	X.Xx
Optasia	$1B	$X.XB	—	X.Xx	X.Xx
eFinance	$1B	$X.XB	—	X.Xx	X.Xx
CMC Markets	$1B	$X.XB	—	X.Xx	X.Xx
Deluxe	$1B	$X.XB	$2B	X.Xx	X.Xx
Abaxx Technologies	$1B	$X.XB	—	X.Xx	X.Xx
Phoenix Group	$1B	$X.XB	$117M	X.Xx	X.Xx
American Bitcoin	$1B	$X.XB	$230M	X.Xx	X.Xx
Fawry	$1B	$X.XB	$194M	X.Xx	X.Xx
Clover Health	$1B	$X.XB	$2B	X.Xx	X.Xx
PROG Holdings	$1B	$X.XB	$3B	X.Xx	X.Xx
Tiger Brokers	$1B	$X.XB	$619M	X.Xx	X.Xx
Bolsa Mexicana	$1B	$X.XB	$264M	X.Xx	X.Xx
BitGo Holdings	$1B	$X.XB	$207M	X.Xx	X.Xx
Mony Group	$1B	$X.XB	$603M	X.Xx	X.Xx
Agibank	$1B	$X.XB	—	X.Xx	X.Xx
Trupanion	$1B	$X.XB	$1B	X.Xx	X.Xx
FinVolution Group	$1B	$X.XB	$2B	X.Xx	X.Xx
Atlanticus	$1B	$X.XB	$2B	X.Xx	X.Xx
74Software	$1B	$X.XB	$843M	X.Xx	X.Xx
Indian Energy Exchange	$1B	$X.XB	$65M	X.Xx	X.Xx
Vitec Software	$1B	$X.XB	$411M	X.Xx	X.Xx
Upbound	$1B	$X.XB	$5B	X.Xx	X.Xx
Fujian Boss Software	$1B	$X.XB	$340M	X.Xx	X.Xx
Pagaya	$1B	$X.XB	$1B	X.Xx	X.Xx
Jiangsu Tongxingbao	$1B	$X.XB	—	X.Xx	X.Xx
Eurowag	$1B	$X.XB	$396M	X.Xx	X.Xx
Monex Group	$1B	$X.XB	$494M	X.Xx	X.Xx
Sinodata	$1B	$X.XB	—	X.Xx	X.Xx
Ethos Insurance	$1B	$X.XB	$428M	X.Xx	X.Xx
Bank Jago	$1B	$X.XB	$187M	X.Xx	X.Xx
Jasmine Technology Solution	$984M	$X.XB	—	X.Xx	X.Xx
Fujian Apex Software	$978M	$X.XB	$88M	X.Xx	X.Xx
Indokripto Koin Semesta	$966M	$X.XB	$20M	X.Xx	X.Xx
weSure	$948M	$X.XB	—	X.Xx	X.Xx
IRESS	$917M	$X.XB	$391M	X.Xx	X.Xx
Global Infotech	$915M	$X.XB	—	X.Xx	X.Xx
Sunyard Technology	$912M	$X.XB	—	X.Xx	X.Xx
Warsaw Stock Exchange	$905M	$X.XB	$156M	X.Xx	X.Xx
Client Service International	$899M	$X.XB	—	X.Xx	X.Xx
Root Inc.	$897M	$X.XB	$2B	X.Xx	X.Xx
Northern Data	$867M	$X.XB	—	X.Xx	X.Xx
United International Holding	$865M	$X.XB	$194M	X.Xx	X.Xx
SLR Digital Finance	$857M	$X.XB	$218M	X.Xx	X.Xx
Navient	$851M	$X.XB	$648M	X.Xx	X.Xx
Porch Group	$849M	$X.XB	$440M	X.Xx	X.Xx
Freee	$848M	$X.XB	$257M	X.Xx	X.Xx
63 Moons	$836M	$X.XB	—	X.Xx	X.Xx
Wema Bank	$823M	$X.XB	—	X.Xx	X.Xx
Lianlian DigiTech	$818M	$X.XB	$270M	X.Xx	X.Xx
Cantaloupe	$795M	$X.XB	$303M	X.Xx	X.Xx
GoodRx	$791M	$X.XB	$787M	X.Xx	X.Xx
Cash Plus	$790M	$X.XB	—	X.Xx	X.Xx
McMillan Shakespeare	$785M	$X.XB	$412M	X.Xx	X.Xx
Digital Garage	$773M	$X.XB	$277M	X.Xx	X.Xx
Johannesburg Stock Exchange	$760M	$X.XB	—	X.Xx	X.Xx
Karnov Group	$757M	$X.XB	$291M	X.Xx	X.Xx
Hippo Insurance	$748M	$X.XB	$508M	X.Xx	X.Xx
QuinStreet	$743M	$X.XB	$1B	X.Xx	X.Xx
Boku	$733M	$X.XB	—	X.Xx	X.Xx
Nerdwallet	$717M	$X.XB	$857M	X.Xx	X.Xx
Worldline	$715M	$X.XB	$5B	X.Xx	X.Xx
Better Home & Finance	$699M	$X.XB	$199M	X.Xx	X.Xx
Newgen Software Technologies	$691M	$X.XB	$170M	X.Xx	X.Xx
Bravura Solutions	$685M	$X.XB	$196M	X.Xx	X.Xx
Green Dot	$678M	$X.XB	$2B	X.Xx	X.Xx
Brilliance Technology	$678M	$X.XB	—	X.Xx	X.Xx
LendingTree	$669M	$X.XB	$1B	X.Xx	X.Xx
OTC Markets	$668M	$X.XB	$123M	X.Xx	X.Xx
FINEOS	$660M	$X.XB	$167M	X.Xx	X.Xx
Cuscal	$656M	$X.XB	$222M	X.Xx	X.Xx
Mitek Systems	$648M	$X.XB	$187M	X.Xx	X.Xx
Hypoport	$644M	$X.XB	$658M	X.Xx	X.Xx
HIVE Digital Technologies	$639M	$X.XB	$315M	X.Xx	X.Xx
Propel Holdings	$635M	$X.XB	$639M	X.Xx	X.Xx
Alfa Financial Software	$629M	$X.XB	$173M	X.Xx	X.Xx
Forge Global	$623M	$X.XB	—	X.Xx	X.Xx
LINE Pay Taiwan	$621M	$X.XB	$264M	X.Xx	X.Xx
Funding Circle	$587M	$X.XB	$287M	X.Xx	X.Xx
EverQuote	$562M	$X.XB	$720M	X.Xx	X.Xx
Pepper Money	$556M	$X.XB	$283M	X.Xx	X.Xx
Bit Digital	$529M	$X.XB	$126M	X.Xx	X.Xx
Hightech Payment Systems	$528M	$X.XB	$170M	X.Xx	X.Xx
Rhino Bitcoin	$519M	$X.XB	—	X.Xx	X.Xx
NHN KCP	$513M	$X.XB	$874M	X.Xx	X.Xx
PayPoint	$511M	$X.XB	$259M	X.Xx	X.Xx
CARE Ratings	$497M	$X.XB	$50M	X.Xx	X.Xx
eGuarantee	$489M	$X.XB	$72M	X.Xx	X.Xx
Aurionpro Solutions	$488M	$X.XB	$158M	X.Xx	X.Xx
Athens Exchange Group	$486M	$X.XB	—	X.Xx	X.Xx
Intermex	$480M	$X.XB	$606M	X.Xx	X.Xx
Infibeam Avenues	$480M	$X.XB	$792M	X.Xx	X.Xx
i3 Verticals	$477M	$X.XB	$222M	X.Xx	X.Xx
PensionBee	$466M	$X.XB	$62M	X.Xx	X.Xx
Paysafe	$446M	$X.XB	$2B	X.Xx	X.Xx
Priority Technology Holdings	$438M	$X.XB	$976M	X.Xx	X.Xx
Baiwang Cloud	$432M	$X.XB	—	X.Xx	X.Xx
Lesaka Technologies	$409M	$X.XB	$543M	X.Xx	X.Xx
CTOS Digital	$408M	$X.XB	$85M	X.Xx	X.Xx
Kolon Plastics	$388M	$X.XB	—	X.Xx	X.Xx
Blend Labs	$375M	$X.XB	$128M	X.Xx	X.Xx
goeasy	$371M	$X.XB	$1B	X.Xx	X.Xx
NewtekOne	$367M	$X.XB	$299M	X.Xx	X.Xx
Zaggle Prepaid Ocean	$366M	$X.XB	$202M	X.Xx	X.Xx
LexinFintech	$362M	$X.XB	$2B	X.Xx	X.Xx
Finatext	$361M	$X.XB	$72M	X.Xx	X.Xx
BitFuFu	$353M	$X.XB	$455M	X.Xx	X.Xx
DANAL	$350M	$X.XB	—	X.Xx	X.Xx
Automated Bank Services	$344M	$X.XB	—	X.Xx	X.Xx
PaySign	$343M	$X.XB	$90M	X.Xx	X.Xx
Value Line	$340M	$X.XB	—	X.Xx	X.Xx
Leonteq	$340M	$X.XB	$245M	X.Xx	X.Xx
Miroku Jyoho Service	$327M	$X.XB	$308M	X.Xx	X.Xx
Morrow Bank	$318M	$X.XB	$173M	X.Xx	X.Xx
DeFi Technologies	$317M	$X.XB	$90M	X.Xx	X.Xx
Yeahka	$311M	$X.XB	$492M	X.Xx	X.Xx
Bourse Direct	$303M	$X.XB	$88M	X.Xx	X.Xx
GMO Financial Gate	$303M	$X.XB	$125M	X.Xx	X.Xx
Repay Holdings	$301M	$X.XB	$320M	X.Xx	X.Xx
Philippine Stock Exchange	$300M	$X.XB	—	X.Xx	X.Xx
Avant Group	$290M	$X.XB	$196M	X.Xx	X.Xx
Hecto Financial	$288M	$X.XB	$131M	X.Xx	X.Xx
Tyro Payments	$286M	$X.XB	$347M	X.Xx	X.Xx
NZX	$270M	$X.XB	$78M	X.Xx	X.Xx
Network People Services	$268M	$X.XB	—	X.Xx	X.Xx
Net Protections Holdings	$260M	$X.XB	$159M	X.Xx	X.Xx
Sino	$259M	$X.XB	$14M	X.Xx	X.Xx
Oportun	$258M	$X.XB	$953M	X.Xx	X.Xx
Linedata Services	$255M	$X.XB	$202M	X.Xx	X.Xx
wallstreet:online	$250M	$X.XB	$80M	X.Xx	X.Xx
Coincheck Group	$247M	$X.XB	$3B	X.Xx	X.Xx
Jiayin Group	$247M	$X.XB	—	X.Xx	X.Xx
Exodus Movement	$244M	$X.XB	$121M	X.Xx	X.Xx
Fonix	$235M	$X.XB	$107M	X.Xx	X.Xx
GalaxiaMoneytree	$233M	$X.XB	—	X.Xx	X.Xx
Credit Bureau Asia	$232M	$X.XB	$48M	X.Xx	X.Xx
OppFi	$231M	$X.XB	$618M	X.Xx	X.Xx
Antalpha Platform Holding	$228M	$X.XB	$85M	X.Xx	X.Xx
FnGuide	$226M	$X.XB	—	X.Xx	X.Xx
Humm Group	$225M	$X.XB	$372M	X.Xx	X.Xx
Amber International	$224M	$X.XB	—	X.Xx	X.Xx
Profile Software	$218M	$X.XB	$65M	X.Xx	X.Xx
Capital B	$216M	$X.XB	—	X.Xx	X.Xx
Open Lending	$209M	$X.XB	$96M	X.Xx	X.Xx
CPI Card	$208M	$X.XB	$562M	X.Xx	X.Xx
Instabank	$206M	$X.XB	$72M	X.Xx	X.Xx
Amar Bank	$205M	$X.XB	—	X.Xx	X.Xx
KG Inicis	$203M	$X.XB	$919M	X.Xx	X.Xx
PCA Corp.	$202M	$X.XB	—	X.Xx	X.Xx
First Internet Bank	$196M	$X.XB	$166M	X.Xx	X.Xx
X Financial	$196M	$X.XB	—	X.Xx	X.Xx
Adventure	$196M	$X.XB	$27M	X.Xx	X.Xx
Msg Life	$182M	$X.XB	—	X.Xx	X.Xx
Directa Sim	$180M	$X.XB	—	X.Xx	X.Xx
Yiren Digital	$179M	$X.XB	—	X.Xx	X.Xx
Bitcoin Group	$176M	$X.XB	—	X.Xx	X.Xx
Aptitude Software	$172M	$X.XB	$91M	X.Xx	X.Xx
Multitude	$171M	$X.XB	$280M	X.Xx	X.Xx
SAB Finance	$169M	$X.XB	—	X.Xx	X.Xx
MobiKwik	$169M	$X.XB	$125M	X.Xx	X.Xx
WonderFi	$165M	$X.XB	—	X.Xx	X.Xx
AIX Inc.	$164M	$X.XB	—	X.Xx	X.Xx
wrkr	$164M	$X.XB	$9M	X.Xx	X.Xx
5paisa Capital	$162M	$X.XB	—	X.Xx	X.Xx
Intelligent Wave	$161M	$X.XB	$106M	X.Xx	X.Xx
Eastern Union	$161M	$X.XB	—	X.Xx	X.Xx
SelectQuote	$160M	$X.XB	$2B	X.Xx	X.Xx
Briox	$160M	$X.XB	—	X.Xx	X.Xx
Beeks Group	$158M	$X.XB	$53M	X.Xx	X.Xx
CSU Digital	$157M	$X.XB	—	X.Xx	X.Xx
Btsp II FII	$142M	$X.XB	—	X.Xx	X.Xx
Soluna Holdings	$137M	$X.XB	$35M	X.Xx	X.Xx
Formpipe Software	$135M	$X.XB	$33M	X.Xx	X.Xx
COL Financial Group	$135M	$X.XB	—	X.Xx	X.Xx
Turn Cloud Technology	$134M	$X.XB	$27M	X.Xx	X.Xx
Gogolook	$133M	$X.XB	—	X.Xx	X.Xx
Naga Group	$133M	$X.XB	$77M	X.Xx	X.Xx
MNC Financial Services	$131M	$X.XB	—	X.Xx	X.Xx
Business Online	$128M	$X.XB	—	X.Xx	X.Xx
Bulgarian Stock Exchange	$128M	$X.XB	$13M	X.Xx	X.Xx
Serko	$124M	$X.XB	$71M	X.Xx	X.Xx
Plenti Group	$116M	$X.XB	$217M	X.Xx	X.Xx
Fino Payments Bank	$116M	$X.XB	—	X.Xx	X.Xx
Ateam Holdings	$115M	$X.XB	$162M	X.Xx	X.Xx
Pakistan Stock Exchange	$114M	$X.XB	—	X.Xx	X.Xx
Prairie Operating Co.	$114M	$X.XB	$300M	X.Xx	X.Xx
accesso	$113M	$X.XB	$152M	X.Xx	X.Xx
ALT5 Sigma	$110M	$X.XB	$28M	X.Xx	X.Xx
Diginex	$110M	$X.XB	—	X.Xx	X.Xx
Currency Exchange International	$108M	$X.XB	$73M	X.Xx	X.Xx
Bursa De Valori Bucuresti	$108M	$X.XB	—	X.Xx	X.Xx
EML Payments	$108M	$X.XB	$145M	X.Xx	X.Xx
Roadzen	$107M	$X.XB	$57M	X.Xx	X.Xx
Link Bilgisayar	$106M	$X.XB	—	X.Xx	X.Xx
Spectra Systems	$103M	$X.XB	—	X.Xx	X.Xx
Health In Tech	$99M	$X.XB	$38M	X.Xx	X.Xx
Xp Industrial FII	$98M	$X.XB	—	X.Xx	X.Xx
Arab Sea	$96M	$X.XB	—	X.Xx	X.Xx
BTCS	$94M	$X.XB	$18M	X.Xx	X.Xx
Expensify	$93M	$X.XB	$140M	X.Xx	X.Xx
Temairazu	$92M	$X.XB	$15M	X.Xx	X.Xx
AutoCount	$88M	$X.XB	—	X.Xx	X.Xx
RS2	$87M	$X.XB	—	X.Xx	X.Xx
OFX Group	$87M	$X.XB	$151M	X.Xx	X.Xx
SysJust	$87M	$X.XB	—	X.Xx	X.Xx
The9	$86M	$X.XB	—	X.Xx	X.Xx
CDON	$85M	$X.XB	$51M	X.Xx	X.Xx
Vroom	$83M	$X.XB	—	X.Xx	X.Xx
AtaTP	$83M	$X.XB	—	X.Xx	X.Xx
Bitcoin Depot	$82M	$X.XB	$548M	X.Xx	X.Xx
WebCash	$81M	$X.XB	$51M	X.Xx	X.Xx
Bango	$81M	$X.XB	$55M	X.Xx	X.Xx
Delfin	$77M	$X.XB	—	X.Xx	X.Xx
Credit Clear	$76M	$X.XB	$40M	X.Xx	X.Xx
Fold Holdings	$76M	$X.XB	$37M	X.Xx	X.Xx
Wellnet	$76M	$X.XB	$74M	X.Xx	X.Xx
IODM	$75M	$X.XB	—	X.Xx	X.Xx
Veefin	$69M	$X.XB	—	X.Xx	X.Xx
FingerMotion	$66M	$X.XB	—	X.Xx	X.Xx
Qliro	$65M	$X.XB	$52M	X.Xx	X.Xx
iFOREX	$62M	$X.XB	$52M	X.Xx	X.Xx
Fast Accounting co	$61M	$X.XB	$17M	X.Xx	X.Xx
Cheche Group	$60M	$X.XB	$442M	X.Xx	X.Xx
eHealth	$59M	$X.XB	$514M	X.Xx	X.Xx
MoneyHero	$58M	$X.XB	$82M	X.Xx	X.Xx
Transaction Media Networks	$58M	$X.XB	—	X.Xx	X.Xx
Ailleron	$58M	$X.XB	$163M	X.Xx	X.Xx
Beforepay	$53M	$X.XB	$33M	X.Xx	X.Xx
IFIRMA	$52M	$X.XB	—	X.Xx	X.Xx
GetBusy	$51M	$X.XB	$30M	X.Xx	X.Xx
Creactives Group	$51M	$X.XB	$8M	X.Xx	X.Xx
Jamaica Stock Exchange	$51M	$X.XB	—	X.Xx	X.Xx
LendInvest	$51M	$X.XB	$61M	X.Xx	X.Xx
MoneyMe	$49M	$X.XB	$155M	X.Xx	X.Xx
Metalpha Technology Holdings	$49M	$X.XB	—	X.Xx	X.Xx
Hyperion DeFi	$48M	$X.XB	$3M	X.Xx	X.Xx
Stakk	$47M	$X.XB	—	X.Xx	X.Xx
Findi	$46M	$X.XB	—	X.Xx	X.Xx
More Impact	$46M	$X.XB	—	X.Xx	X.Xx
Marketwise	$45M	$X.XB	$328M	X.Xx	X.Xx
Phunware	$45M	$X.XB	$3M	X.Xx	X.Xx
HiPay	$45M	$X.XB	$89M	X.Xx	X.Xx
K2G Holding	$45M	$X.XB	—	X.Xx	X.Xx
Rego Payment	$44M	$X.XB	—	X.Xx	X.Xx
Change Financial	$43M	$X.XB	$18M	X.Xx	X.Xx
NETSOL Technologies	$42M	$X.XB	—	X.Xx	X.Xx
Fiinu	$41M	$X.XB	—	X.Xx	X.Xx
Crypto Blockchain Industries	$40M	$X.XB	—	X.Xx	X.Xx
Stock3	$39M	$X.XB	—	X.Xx	X.Xx
Reckon	$39M	$X.XB	$45M	X.Xx	X.Xx
AmeriTrust	$37M	$X.XB	$3M	X.Xx	X.Xx
TOP Financial Group	$37M	$X.XB	—	X.Xx	X.Xx
Net digital	$35M	$X.XB	—	X.Xx	X.Xx
XBP Europe	$35M	$X.XB	$795M	X.Xx	X.Xx
YSX Tech	$35M	$X.XB	—	X.Xx	X.Xx
Usio	$33M	$X.XB	$88M	X.Xx	X.Xx
Inderes	$33M	$X.XB	$23M	X.Xx	X.Xx
K33	$32M	$X.XB	—	X.Xx	X.Xx
Katapult	$31M	$X.XB	$307M	X.Xx	X.Xx
Aijinet	$30M	$X.XB	—	X.Xx	X.Xx
Insig AI	$29M	$X.XB	—	X.Xx	X.Xx
Gumtree Australia	$29M	$X.XB	—	X.Xx	X.Xx
Alpcot Holding	$28M	$X.XB	$10M	X.Xx	X.Xx
Nord Insuretech Group	$28M	$X.XB	—	X.Xx	X.Xx
Mogo	$27M	$X.XB	$51M	X.Xx	X.Xx
Wisr	$26M	$X.XB	$74M	X.Xx	X.Xx
Crunchfish	$26M	$X.XB	$423K	X.Xx	X.Xx
Keyware	$25M	$X.XB	—	X.Xx	X.Xx
Zhibao Technology	$25M	$X.XB	—	X.Xx	X.Xx
NamSys	$25M	$X.XB	—	X.Xx	X.Xx
Greater Than	$23M	$X.XB	—	X.Xx	X.Xx
Neovici	$23M	$X.XB	—	X.Xx	X.Xx
Aucfan	$22M	$X.XB	$20M	X.Xx	X.Xx
PaySauce	$22M	$X.XB	—	X.Xx	X.Xx
Bolsa de Santiago	$20M	$X.XB	—	X.Xx	X.Xx
Tick Trading Software	$20M	$X.XB	—	X.Xx	X.Xx
GoHealth	$20M	$X.XB	$311M	X.Xx	X.Xx
Greenidge Generation	$19M	$X.XB	$59M	X.Xx	X.Xx
Konsolidator	$19M	$X.XB	—	X.Xx	X.Xx
Huize Holding	$18M	$X.XB	$235M	X.Xx	X.Xx
Upland Software	$18M	$X.XB	$211M	X.Xx	X.Xx
Huddlestock	$17M	$X.XB	—	X.Xx	X.Xx
Traders Club	$16M	$X.XB	—	X.Xx	X.Xx
Ebang	$16M	$X.XB	—	X.Xx	X.Xx
3R Games	$15M	$X.XB	—	X.Xx	X.Xx
QuoteMedia	$15M	$X.XB	$21M	X.Xx	X.Xx
B+S Banksysteme	$14M	$X.XB	$15M	X.Xx	X.Xx
Yolo Group	$14M	$X.XB	—	X.Xx	X.Xx
Surgepays	$14M	$X.XB	$62M	X.Xx	X.Xx
Nowonomics	$14M	$X.XB	—	X.Xx	X.Xx
BTC Digital	$13M	$X.XB	—	X.Xx	X.Xx
Dynastar Holdings	$12M	$X.XB	—	X.Xx	X.Xx
Ease2pay	$12M	$X.XB	—	X.Xx	X.Xx
Novatti Group	$11M	$X.XB	$33M	X.Xx	X.Xx
SaveLend	$10M	$X.XB	—	X.Xx	X.Xx
Advanced Blockchain	$9M	$X.XB	—	X.Xx	X.Xx
Analizy Online	$9M	$X.XB	—	X.Xx	X.Xx
Finseta	$9M	$X.XB	$18M	X.Xx	X.Xx
Raize-Instituicao	$8M	$X.XB	—	X.Xx	X.Xx
Butn	$8M	$X.XB	—	X.Xx	X.Xx
Boleron	$7M	$X.XB	—	X.Xx	X.Xx
Rocket Sharing	$7M	$X.XB	—	X.Xx	X.Xx
UCapital24	$6M	$X.XB	—	X.Xx	X.Xx
Valuno Group	$5M	$X.XB	—	X.Xx	X.Xx
AGS Transact	$4M	$X.XB	—	X.Xx	X.Xx
Blockmate Ventures	$4M	$X.XB	—	X.Xx	X.Xx
Comperia	$4M	$X.XB	—	X.Xx	X.Xx
SYNERGA.fund	$3M	$X.XB	—	X.Xx	X.Xx
Bit Origin	$3M	$X.XB	—	X.Xx	X.Xx
Fast Finance24	$3M	$X.XB	—	X.Xx	X.Xx
Notoria Serwis	$3M	$X.XB	—	X.Xx	X.Xx
Goobit Group	$3M	$X.XB	—	X.Xx	X.Xx
AGM Group Holdings	$2M	$X.XB	—	X.Xx	X.Xx
Gamedust	$2M	$X.XB	—	X.Xx	X.Xx
Arax Holdings	$668K	$X.XB	—	X.Xx	X.Xx
Metal Arts	$83K	$X.XB	—	X.Xx	X.Xx
Voxtur Analytics	$23K	$X.XB	—	X.Xx	X.Xx
Sapiens	—	$X.XB	—	X.Xx	X.Xx
Pros Holdings	—	$X.XB	—	X.Xx	X.Xx