5 Fastest Growing Fintech Companies In 2024

In this piece, we will take a look at the five fastest fintech companies in 2024. If you want to take a deeper look at all that’s been happening in the financial technology industry, then read 20 Fastest Growing Fintech Companies In 2024.

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5. Block, Inc. (NYSE:SQ)

5 Year Annualized Revenue Growth: 46.05%

Block, Inc. (NYSE:SQ) is an electronic commerce and payments platform provider based in Oakland, California. Heading into its first quarter earnings results in May, analysts are expecting an EPS of 72 cents.

By the end of last year’s fourth quarter, 75 out of the 933 hedge funds part of Insider Monkey’s database had bought and owned Block, Inc. (NYSE:SQ)’s shares. Catherine D. Wood’s ARK Investment Management was the firm’s biggest investor due to its $919 million stake.

4. BILL Holdings, Inc. (NYSE:BILL)

5 Year Annualized Revenue Growth: 74.80%

BILL Holdings, Inc. (NYSE:BILL) is a California based company that provides businesses with a software platform to manage their accounts and conduct other operations. The firm has beaten analyst EPS estimates in all four of its latest quarters, its shares are rated Buy on average, and the average analyst share price target is $86.05.

As of December 2023 end, 49 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. BILL Holdings, Inc. (NYSE:BILL) ‘s largest stakeholder among these is Philippe Laffont’s Coatue Management through its $163 million investment.

3. Lemonade, Inc. (NYSE:LMND)

5 Year Annualized Revenue Growth: 80.39%

Lemonade, Inc. (NYSE:LMND) is an insurance company that uses artificial intelligence and other technologies in the property and casualty insurance industry. The firm expanded its global portfolio in April 2024 after setting up shop in France through a deal with BNP Paribas.

16 out of the 933 hedge funds profiled by Insider Monkey during last year’s fourth quarter were Lemonade, Inc. (NYSE:LMND)’s shareholders. Israel Englander’s Millennium Management owned the biggest stake which was worth $11.7 million.

2. Riot Platforms, Inc. (NASDAQ:RIOT)

5 Year Annualized Revenue Growth: 104.51%

Riot Platforms, Inc. (NASDAQ:RIOT) is the second but not the last cryptocurrency firm on our list. It mines Bitcoin and is headquartered in Castle Rock, Colorado. The shares are rated Strong Buy on average, and the average analyst share price target is $19.88.

For their final quarter of 2023 shareholdings, 21 out of the 933 hedge funds part of Insider Monkey’s database had bought the firm’s shares. Riot Platforms, Inc. (NASDAQ:RIOT)’s largest hedge fund investor is Paul Marshall and Ian Wace’s Marshall Wace LLP through its $30.6 million investment.

1. Marathon Digital Holdings, Inc. (NASDAQ:MARA)

5 Year Annualized Revenue Growth: 201.23%

Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a Bitcoin miner headquartered in Fort Lauderdale, Florida. The close of April is a crucial time for the Bitcoin sector due to the impending halving, and heading into the event, the stocked jumped by 9% erasing some of its year to date losses.

19 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought and owned a stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA).

Disclosure: None. You can also take a look at the 19 Best Alternatives to Discord in 2024 and Top 15 Cities Where Gen Z is Moving in the US.

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