Mattermark ranked the five fastest-growing finance startups from last year, and four of them happen to be bitcoin-related. Coincidence?
“Traditional payment methods are sluggish, costly, and insecure compared to bitcoin. This financial technology has the potential to revolutionize the economy and make it more efficient,” says Julia Patterson, communications manager at BitPay (ranked #4).
Meanwhile, Xapo (#2) is finding demand for bitcoin outside the United States. “We are seeing a lot of growth in emerging markets with customers that do not have any other way to spend digitally,” says founder and CEO Wences Casares.
Here are the top finance startups from the report:
Growth score: 1724
Mattermark says: “According to CEO Brian Armstrong, Coinbase, the Bitcoin wallet and exchange company, has 1.7 million accounts. Coinbase plans to expand into 18 European countries in the near future.”
Growth score: 1594
Mattermark says: “Xapo received a $20M Series A investment to build a secure, insured vault for bitcoins. It is poised to follow the bitcoin industry’s exponential growth trajectory.”
Growth score: 1471
Mattermark says: “BTCJam is a bitcoin-based peer-to-peer lending service that bypasses restrictions on fiat currencies – making credit accessible while promoting safe returns to investors. BTCJam has funded over $5M in loans for people in over 100 countries.”
Growth score: 1295
Mattermark says: “BitPay, a bitcoin payments processor, services more than 2,500 merchants, according to CoinBuzz. To accommodate higher adoption rates in European countries, BitPay opened in Amsterdam in September 2014.”
Growth score: 1269
Mattermark says: “Avant offers
Originally appeared at: http://tech.co/hottest-finance-startups-2014-2015-08