Ripple executive Monica Long is delighted as Ripple secures a spot on CNBC’s top fintech list alongside Paypal, Revolut, and Tencent.
Monica Long, the President of Ripple, expressed delight and pride as Ripple secured a coveted spot on CNBC’s inaugural ranking of the world’s most prominent fintech firms.
She took to X (fka Twitter) to commend her team’s efforts in achieving this recognition. Long sees Ripple’s inclusion in the list as a significant accomplishment, given that only a few crypto companies were honored.
“So proud of team Ripple on making CNBC’s inaugural World’s Top Fintech Companies list. We’re one of only a handful of crypto companies honored – a feat we don’t take lightly,” she remarked.
So proud of team @Ripple on making @CNBC’s inaugural World's Top Fintech Companies list. We’re one of only a handful of crypto companies honored – a feat we don’t take lightly. Thanks @Ryan_Browne_ for having me on to discuss our recent global momentum. https://t.co/jWEsr11jeM https://t.co/qf3ISb5WZ3
— Monica Long (@MonicaLongSF) August 2, 2023
CNBC Spotlights Ripple Among Top 200 Firms
On Wednesday, CNBC published an exhaustive list of 200 best-performing global fintech companies. It captures top firms across Asia, Africa, Europe, and North America, showcasing the diversity and scale of the payment industry.
CNBC collaborated with Statista, an independent research firm, to ensure transparency in the selection process. Over 1,500 firms were thoroughly analyzed across nine market segments. The key performance indicators were revenue, user numbers, and funding raise.
The final roster featured industry giants like Ripple and Paypal in the US, China’s Tencent, and the UK’s Revolut, alongside promising startups keen on shaping the future of financial services.
In particular, the digital payments industry, where Ripple was featured, is reportedly experiencing exponential growth, with its current valuation surpassing a staggering $54 trillion.
According to the report, the competition in the digital payments market is intense, with numerous players vying for a piece of the lucrative pie. However, this environment has also allowed other industry participants to innovate and offer unique solutions.
Among the top 40 digital payments companies identified by Statista, notable contenders included Ripple, Paypal, and Stripe of the United States. Additionally, renowned payment firms in India, Nigeria, Indonesia, China, the UK, Sweden, and South Korea were featured in this category.
Moreover, firms such as Klarna of Sweden and Afterpay of Australia were featured for their contributions to the “buy now, pay later” sector. Despite the challenges posed by fears of decreased consumer spending and rising inflation, these services have become a lifeline for many, offering flexible payment alternatives.
Ripple has continued to attract significant recognition from leading entities across multiple domains. Recall that Fortune Magazine recently ranked Ripple among the best workplaces, as The Crypto Basic reported.