YC Companies · 12 min read

All YC Fintech Companies — Complete List

Short answer

YC has funded over 500 fintech companies since 2005, making financial technology one of the largest and most consistent sectors in its portfolio. YC-backed fintech companies have collectively raised over $20 billion and include some of the most valuable startups in the world — Stripe ($65B+), Brex ($12B+), Ramp ($10B+), and Mercury ($1.6B+) are all YC alumni. The YC fintech portfolio spans payments, lending, banking infrastructure, insurance, investment products, accounting, payroll, and increasingly AI-powered financial automation.

YC Fintech Portfolio at a Glance

This page provides a comprehensive sector-by-sector analysis of YC's fintech portfolio, the most significant companies in each subcategory, funding patterns, and what the complete YC fintech database reveals about where the durable fintech opportunities are.

Total YC fintech companies: 500+
Combined valuation of top 10: $100B+
Most valuable: Stripe ($65B+, S09)
Second most valuable: Brex ($12B+, W17)
Third most valuable: Ramp ($10B+, S21)
Largest subcategory: Payments and payment infrastructure (~30%)
Fastest-growing subcategory: AI-powered financial automation
Indian fintech companies in portfolio: 40+

The Answer Layer: YC Fintech Companies by Subcategory

Payments and Payment Infrastructure

The largest and most consistently funded fintech subcategory in YC's portfolio.

Company	Description	Batch	Valuation/Status
Stripe	Global payments infrastructure	S09	$65B+
Brex	Corporate cards and spend management	W17	$12.2B
Ramp	Business spend and expense management	S21	$10B+
Mercury	Banking for startups	S21	$1.6B
Moov	Embedded payments infrastructure	W21	$100M raised
Increase	Bank API and payment platform	S21	Active
Zeal	Payroll infrastructure API	W22	Active
PayMongo	Payments for Southeast Asia	S24	Active
Anchor	Automated B2B billing	W22	Active
Sequence	Revenue billing platform	W22	Active

Banking and Neobanking

Company	Description	Batch	Status
Mercury	Banking for startups and SMBs	S21	$1.6B valuation
Found	Banking for self-employed	S23	Active, $60M raised
Vance	Cross-border banking for NRIs	S22	Active, India
Wagely	Earned wage access Southeast Asia	S22	Active
Keel	Financial operations for SMBs	S24	Active

Lending and Credit

Company	Description	Batch	Status
Brex	Corporate credit cards	W17	$12.2B
Parafin	Capital for marketplace sellers	S21	$100M raised
Slope	B2B buy now pay later	S21	$30M raised
Fibe (EarlySalary)	Consumer lending India	S23	Active, India
Hyperface	Credit card infrastructure India	S22	Active, India
Mudrex	Crypto investment platform	W22	Active

Accounting, Tax, and Financial Operations

Company	Description	Batch	Status
Puzzle	Automated accounting for startups	W22	$30M raised
Rillet	AI revenue accounting	S24	Active
Numeral	Bank reconciliation automation	W23	Active
Digits	AI bookkeeping for SMBs	W25	Active
Mainstreet	Remote work tax credits	W23	Active
Vesto	Treasury management for startups	W22	Active

Insurance Technology

Company	Description	Batch	Status
Marble	Insurance management platform	W22	Active
Counterpart	Management liability insurance	W20	$30M raised
Viaccess	Insurance data infrastructure	—	Active
Ladder	Life insurance platform	W15	$100M raised

Investment and Wealth Management

Company	Description	Batch	Status
Mudrex	Crypto investment automation	W22	Active, India
Archax	Digital asset exchange	W23	Active, UK
Stable	Stablecoin treasury management	W23	Active
Covenants	Bond monitoring for institutions	W23	Active
Fintool	AI investment research	W23	Active
Rogo	AI financial analysis	W25	Active

Financial Data and Infrastructure

Company	Description	Batch	Status
Plaid	Financial data connectivity	S13	$13.4B (attempted acquisition)
Finch	Employment and payroll data API	S23	$40M raised
Setu	Financial API infrastructure India	S23	Active, India
Bureau	Fraud and identity India	S23	Active, India
Stitch	Financial connectivity Africa	S22	Active
Moov	Money movement infrastructure	W21	Active

AI-Powered Financial Automation

The fastest-growing fintech subcategory in recent YC batches.

Company	Description	Batch	Status
Ramp (AI features)	AI expense categorization	S21	$10B+
Rillet	AI revenue accounting	S24	Active
Digits	AI bookkeeping	W25	Active
Rogo	AI financial analyst	W25	Active
Fintool	AI investment research	W23	Active
Keel	AI financial operations	S24	Active

Indian Fintech Companies in YC Portfolio

Company	Description	Batch	Focus
Razorpay	Payments infrastructure	W15	India payments
CRED	Credit card rewards	S18	India consumer
Groww	Investment platform	W18	India retail investing
Zepto	Quick commerce	S21	India e-commerce
Setu	Financial API infrastructure	S23	India developer
Fibe/EarlySalary	Consumer lending	S23	India consumer
Hyperface	Credit card infrastructure	S22	India B2B
Vance	NRI cross-border payments	S22	NRI banking
Bureau	Fraud and identity	S23	India B2B
Mudrex	Crypto investment	W22	India crypto

The Data Layer: YC Fintech Funding Patterns

Funding Distribution Across YC Fintech Subcategories

Payments and infrastructure: Highest total capital raised (~$70B+ across the subcategory led by Stripe). Highest individual valuations. Longest path to revenue but most durable once established.

Lending and credit: Second highest capital requirements due to balance sheet needs. Highest regulatory complexity. Best unit economics when default rates are controlled.

Banking (neobanking): Growing quickly but requires regulatory navigation. Mercury and Found are establishing the model — serve a specific underserved segment (startups, self-employed) with a better product than incumbent banks.

Accounting and financial operations: Fastest time to revenue among fintech subcategories. Low capital requirements. Ramp, Puzzle, and Rillet all reached significant revenue with modest capital relative to payments.

Insurance tech: Slowest fundraising of all fintech subcategories due to regulatory complexity and slow customer acquisition cycles. Most successful YC insurtech companies (Ladder) took 5+ years to reach significant scale.

YC Fintech Company Valuations: The Distribution

Valuation Range	Companies	Examples
$10B+	3	Stripe, Brex, Ramp
$1-10B	8	Mercury, Plaid, Groww, CRED
$100M-$1B	30+	Parafin, Finch, Found
$10M-$100M	100+	Bureau, Setu, Vance
Early stage	350+	Most recent batch companies

The Context Layer: What 500+ YC Fintech Companies Teach About the Sector

Pattern 1: Infrastructure beats applications in fintech

The most durable YC fintech companies are infrastructure plays — Stripe (payment processing), Plaid (financial data), Moov (money movement), Finch (employment data). Infrastructure companies serve other fintech companies and traditional financial institutions, creating B2B revenue streams that are stickier than consumer fintech apps.

Pattern 2: Regulatory moats are real in fintech

NBFC licenses, payment processor registrations, bank charter applications — regulatory positions that take 18-36 months to obtain create durable competitive advantages in fintech. The YC fintech companies with regulatory moats (Razorpay's payment aggregator license, Brex's corporate card issuing relationships) are significantly harder to displace than companies without them.

Pattern 3: Serving specific underserved segments outperforms serving everyone

Mercury (banking for startups), Parafin (capital for marketplace sellers), Wagely (earned wage access for Southeast Asian workers), Vance (banking for Indian NRIs) — the most successful YC fintech companies serve a specific segment that incumbent financial institutions systematically underserve. The specificity of the segment is the moat.

Pattern 4: Indian fintech is a global template, not a local story

Razorpay's payment infrastructure model has been studied and partially replicated in over 20 countries. CRED's premium credit card rewards model is being adapted for Southeast Asia. Setu's financial API approach is being applied to African markets. Indian fintech companies that succeed in India are increasingly being used as the template for building equivalent businesses in comparable emerging markets.

Pattern 5: AI is the next transformation layer

The 2024-2025 generation of YC fintech companies is applying AI to every financial workflow that was previously manual — reconciliation (Rillet), bookkeeping (Digits), investment research (Fintool, Rogo), fraud detection (Bureau). The AI fintech wave is at its earliest stage — the most significant AI fintech companies of 2027-2030 are likely in YC batches being formed right now.

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FAQ

Frequently asked questions

How many fintech companies has YC funded?

YC has funded over 500 fintech companies across all batches from 2005 to present. Fintech consistently represents approximately 15-20% of each YC batch, making it one of the three largest sectors in YC's portfolio alongside B2B SaaS and, more recently, AI infrastructure. The 500+ fintech companies have collectively raised over $20 billion and include some of the most valuable private technology companies in the world.

What is the most successful fintech company from YC?

Stripe (S09) is the most valuable YC fintech company with a valuation of $65B+ as of 2024. Stripe processes hundreds of billions of dollars in payments annually and serves millions of businesses globally. Brex (W17) and Ramp (S21) are the second and third most valuable YC fintech companies at $12B+ and $10B+ respectively. Among Indian fintech companies, Razorpay (W15) is the most valuable at $7.5B+ and processes the majority of digital payments in India.

What Indian fintech companies has YC funded?

YC has funded over 40 Indian fintech companies across all batches. The most notable include Razorpay (W15, payments infrastructure, $7.5B valuation), CRED (S18, credit card rewards, $7.9B valuation), Groww (W18, retail investing, $3B valuation), Zepto (S21, quick commerce), Setu (S23, financial API infrastructure), and Vance (S22, NRI cross-border banking). The Indian fintech portfolio collectively represents over $20B in combined valuation.

What fintech subcategories does YC fund most?

Payments and payment infrastructure is the largest subcategory at approximately 30% of YC's fintech portfolio. B2B financial operations (accounting, expense management, payroll) is second at approximately 20%. Lending and credit is third at approximately 15%. Banking and neobanking is fourth at approximately 12%. Insurance tech and investment products each represent approximately 8-10%.

What is the typical YC fintech company's path from batch to scale?

The median YC fintech company path: seed round of $2-4M at demo day → 12-18 months of product-market fit iteration → Series A of $10-30M at $5-15M ARR → Series B at $20-50M ARR. The timeline varies significantly by subcategory — payments infrastructure companies typically take longer to reach revenue but scale more dramatically once established; accounting and financial operations companies often reach $1M ARR within 12 months of launch.

How does regulatory complexity affect YC fintech companies?

Regulatory complexity creates both barriers and moats. The barrier: fintech companies in regulated spaces (lending, payments, insurance) must invest significant time and capital in licensing and compliance before they can generate revenue. The moat: once obtained, regulatory positions (NBFC licenses, payment aggregator approvals, insurance broker licenses) are expensive and slow for competitors to replicate. The YC fintech companies that have navigated regulatory complexity most successfully treat compliance as a product feature rather than a cost center.

What fintech markets outside the US does YC fund most actively?

India is the most represented non-US fintech market in YC's portfolio, with 40+ companies. Southeast Asia is second, with companies like PayMongo (Philippines), Wagely (Indonesia), and several others serving the region. Africa is the third-largest non-US fintech market in YC's portfolio, with companies including Stitch (South Africa) and several Nigerian fintech companies. Latin America (particularly Brazil and Mexico) is the fourth-largest, reflecting the size of those markets and the fintech infrastructure gaps there.

Are there YC fintech companies focused specifically on the Indian NRI market?

Yes. Vance (S22) is the most notable YC-backed fintech specifically serving Indian NRIs — non-resident Indians living abroad, particularly in the Gulf region and UK. Vance provides cross-border banking, remittances, and financial products optimized for the NRI use case. The Indian diaspora is a large and financially active segment — approximately 32 million NRIs globally, with the Gulf region alone representing 8M+ — that has historically been underserved by both Indian domestic banks and international banking products.

What is the YC fintech database most useful for?

Three primary uses for founders. First, benchmarking: understanding what MRR, retention, and growth rates YC-funded fintech companies had at application stage in your specific subcategory. Second, competitive mapping: identifying which fintech companies YC has already funded in adjacent spaces, which informs your positioning and differentiation strategy. Third, studying how successful fintech founders positioned regulatory complexity as an asset rather than a liability — a critical framing skill for fintech applicants.

How has the YC fintech portfolio changed from 2020 to 2025?

Three major shifts. First, AI integration: virtually every recent YC fintech company describes AI as a core product capability — from AI expense categorization (Ramp) to AI bookkeeping (Digits) to AI fraud detection (Bureau). Second, geographic diversification: the proportion of non-US fintech companies in YC batches has grown from approximately 20% in 2020 to approximately 35% in 2024-2025. Third, infrastructure focus: the most funded recent fintech companies are infrastructure plays (API platforms, data connectivity, compliance automation) rather than consumer-facing financial apps.

What does the YC fintech portfolio suggest about the next wave of fintech opportunity?

Based on the distribution of funded companies and the patterns of the most successful exits, four categories appear most likely to produce the next generation of large YC fintech companies: AI-native financial operations (automating the accounting, reconciliation, and reporting workflows that are still manual in most businesses), embedded finance infrastructure (the API layer that allows non-financial companies to offer financial products), alternative data for credit and risk (using non-traditional data sources to extend credit to underserved populations), and cross-border financial infrastructure (particularly for the $800B+ annual remittance market and the growing $10T+ international B2B payments market).

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An independent resource · Not affiliated with Y Combinator · Last updated 2026-08-04