A total of 13 Blockchain startup companies were included in the latest CBS Insights Fintech 250 startup list as of early October 2017. The report compiles “emerging fintech startups that are changing the face of the fintech industry.” It also cites the booming growth of the financial technology (fintech) sector.
The major industries where the bulk of the companies on the list come from include the processing and payment infrastructure, capital markets and trading and wealth management. Also included in the top six are mobile banking, business lending and merchant services.
The Blockchain industry, meanwhile, is among the smaller industries in the fintech sector.
Blockchain and cryptocurrency firms included in the list
The Blockchain industry has been a key buzzword in the financial services sector for the past couple of years, particularly when the topic turned to fintech innovations. This could be one of the reasons why several Blockchain startups were included in the CBS Insights list. Among those included in the list are Ripple, Blockstream, Blockstack, Chain and Xapo. These companies are all well-respected in their own rights.
Also included in the list are Coinbase, Brave, Digital Asset, Factom and bitFlyer, which are virtual currency exchanges trying to make things happen in the sector. Polybius, meanwhile, is among the major investors in Blockchain startup companies.
It can be noted that all of these companies are trying to implement their own innovative ways in their operations. So far, they are experiencing varying degrees of success. Ripple, for example, is implementing a different approach compared to its competitors.
Blockstream, meanwhile, is receiving a lot of criticism lately for allegedly hindering Bitcoin innovations.
Despite these developments, it is still good to see the inclusion of several digital currencies and Blockchain-related companies in the CBS Insights list. It is also interesting to see if a greater number of firms will be included in the list in the near future.