Strategy Note /
Global

Unicorn startups doubled in number in 2021 – fintechs took centre stage

  • The number of unicorn startups globally reached 1,058 in 2021 from 586 in 2020; fintechs form the largest group at 139

  • The US, UK and India saw the most new fintech unicorns; meanwhile the Chinese fintech market is slowing down

  • Fintech unicorns are skewed towards payment firms, but new companies are emerging from lending, blockchain and investech

Unicorn startups doubled in number in 2021 – fintechs took centre stage
Rabail Adwani
Rabail Adwani

Equity Research Analyst

Contributors
Rohit Kumar
Rahul Shah
Tellimer Research
3 January 2022
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