The 25 fintech 'unicorns' worth over $1 billion ranked by value

Financial technology, or fintech, is a boom industry right now, with investment flooding into companies reinventing the way we do payments, lending, investing, and more.Valuations in the sector are also sky-rocketingas more money floods in. Many companies are now reaching the fabled "unicorn" statusthe term in the tech industry for companies worth $1 billion (640 million) or more.Earlier this year conference organiser Finovate pulled together a list of all the fintech unicorns in the world that have sprung up since 2000, the last big tech boom.We've pulled info on each of the companies, stripped out ones that have been acquired or lost value, and updated the values and money raised.25. Mozido, a mobile payment and wallet providerValue: $1 billion (640 million).What it does: White-label mobile payment, shopping, and marketing products. Lets small businesses send out offers to customers and collect loyalty points.Why its hot: The company is targeting emerging markets like Mexico, Southeast Asia, and Africa where a generation of consumers are skipping banking and moving straight to mobile money. Former Google CEO Eric Schmidt is an investor through his early-stage fund TomorrowVentures.HQ: New York.Founded: 2005.Raised: $307.2 million (196.2 million).24. TransferWise, an international money transfer serviceValue: $1 billion (640 million).What it does:Online international money transfer with cheaper fees than banks.Why it's hot: The company has transferred 3 billion ($4.7 billion) since launch and is now doing 500 million ($783 million) a month. Sir Richard Branson and Silicon Valley VC fund Andreessen Horowitz are both investors.HQ:London.Founded: 2010.Raised: $90.4 million (57.7 million).23. Jimubox, a Chinese peer-to-peer loan providerValue: $1 billion (640 million).What it does:Online peer-to-peer loans for small businesses and consumers.Why it's hot: The company is part of a wave of so-called "internet finance" companies that have sprung up across China in the last few years and is experiencing explosive growth.HQ:Beijing.Founded: 2013.Raised: $131.2 million (83.7 million).See the rest of the story at Business Insider NOW WATCH: How billionaire Michael Jordan makes and spends his money
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