Fintech
Convera Honored in CNBC’s Top Fintech Companies of 2024 List
We are thrilled to celebrate our inclusion in CNBC List of World’s Top 250 Fintech Companies 2024 for the first time, after our inclusion in the FXC Intelligence List of the 100 best cross-border payments companies of 2024 for the third consecutive year.
CNBC partnered with market research firm Statista to identify the top 250 fintech companies from around the world. Statista analyzed more than 2,000 eligible organizations across eight different market segments, evaluating each based on a series of key performance indicators, including revenue, number of users, and total funding raised.
“This is a huge milestone for Convera. We are thrilled to be named to the second annual CNBC World’s Best Fintech list in the payments category. This recognition highlights our growth and commitment to helping our customers move money quickly and easily,” said Patrick Gauthier, CEO of Convera. “We are a global commerce fintech that helps businesses of all sizes confidently engage in global commerce. We bring people, technology and commerce together in every payment, enabling businesses to navigate the often challenging world of currency exchange, risk management and compliance.”
A continued focus on payments
The payments category on CNBC’s list remains the largest individual segment for the second year in a row. It refers to companies that work to facilitate smoother payment processes, whether online or through innovations like mobile wallets. It also includes payment services and so-called gateways that act as intermediaries in electronic transactions; solutions that facilitate online purchases, point-of-sale transactions via mobile devices, and digital money transfers between individuals or businesses are also part of this segment.
To determine the top 250 companies, Statista conducted in-depth research on relevant KPIs for over 2,000 eligible companies between March and May 2024. In evaluating the top list, general KPIs were weighted at 40%, while segment-specific KPIs were weighted at 60% to derive a final score for their position on the list.
Commercial Payments Innovation in the Digital Age
The fintech sector is currently undergoing a transformation characterized by rapid innovation and widespread adoption, leveraging technology to make financial services more accessible, efficient and secure. This evolution is reshaping the financial landscape, driving significant improvements in the way businesses and consumers interact with financial institutions.
Financial technology plays a crucial role in the field of international and global trade, where technologies such as Embedded Finance, BlockchainAND real-time payments are simplifying cross-border transactions. Open banking also plays a significant role in the payments industry by enabling safer and more efficient transactions.
The rise of embedded finance is expected to reach a global market value of $7.2 trillion in the next decadewhich is double the combined value of the top 30 banks in the world today. While Statesman predicts that the number of cross-border B2B transactions on Blockchain will reach 745 million by 2025.
Download our Fintech2025+ report for a deep dive into the future of financial technology and Contact us to find out more on how we can help your business move money with ease.
Want to learn more about the topics that are shaping the future of cross-border payments? Tune in to Convergewith new episodes every Wednesday.
More, Sign up for daily market updates to receive the latest currency news and FX analysis from our experts straight to your inbox.