The Future Of Investing: Fintech 50 2022

The Future Of Investing: Fintech 50 2022

Reported by Jonathan Ponciano and Hank Tucker Looming interest rate hikes, Russia's war on Ukraine and spiking inflation have wreaked havoc on the stock market this year, but these four investing fintechs have picked up millions of customers and billions of dollars in assets despite the turmoil. The explosive popularity of alternative investments has fueled staggering growth for New York City-based iCapital, which returns to Forbes' Fintech 50 for the fifth-straight year after nabbing $500 million from investors in 2021. The platform helps financial advisors and legacy institutions like UBS and BlackRock diversify their wealthy clients' portfolios with investments in venture capital, real estate, structured debt and more—and now services more than $125 billion in assets, up 70% in one year. There's also more to come: Late last month, iCapital said it would expand into the annuities market with the acquisition of fintech platform Simon, which helped issue more than $48 billion in structured investments and annuities last year. Noticeably absent from this year's list, Robinhood became ineligible after going public in July at a meteoric $30 billion valuation. Encapsulating the stock market's wild year, Robinhood shares have plummeted more than 83% as user counts and trading volume plunged from