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Traders are working for the Swedish Fintech Klarna, during the IPO company on the New York Stock Exchange in New York, the USA, September 10, 2025.
Brendan McDerdia | Reuters
After the Swedish Payment Group Cloud 17 billion dollars initial public proposalInvestors reflect on what name Big Fintech will be next.
Clear jumped up by 30% On the day of its New York IPO, before closing the 15% higher. By Friday, the shares decreased to $ 42.92, but still increased by about 7% of the IPO value of $ 40.
The debut demonstrated how Wall Rate becomes a more welcoming list of Fintech bumper. To Klarna, Internet Trade Etoro Platform, Issuer Stablecoin Wheel and krypto -exchange Haunting Everyone went to the public before the positive reception of the first day.
Twins, Krypto -Brig, founded by Cameron and Tyler Winklevos, grew by 14% His IPO on Friday.
“I think IPO Klarna will positively consider some other providers with scale,” said CNBC Gaut Pila, head of the Fintech Research department at British Investment Bank Peel Hunt.
There’s a crowded Fintech name pipeline that may be near IPO after Klarna. CNBC views which companies look most promising.
Stripe
Patrick Kolison, Chief Executive Director and co-founder Stripe Inc., left, smiles like John Kolison, president and co-founder Stripe Inc., performs during an interview with television television 1.0 in San Francisco, California, USA, 23 March 2018.
Bloomberg | Bloomberg | Gets the image
Digital payments firm for many years is considered as a contender for IPO. Stiss has remained a private company for 15 years since it was founded, and the founders and brothers John and Patrick Kolison have long resist the pressure to accept the business audience.
However, this does not mean that the stock market list was not a strip. The collines reported to the employees of 2023 that Stripe would decide either to publicize or allow staff to sell shares through a secondary proposal over the next year.
Ultimately, Stripe in January chose Sale of a secondary stock A company estimate of $ 91.5 billion – close to the peak estimate of $ 95 billion, which it reached in 2021.
This does not mean that Stripe could not yet pursue debut on the stock market. Many Fintech’s unicorn executives were Keep track of IPO Klarna’s performance For signs if there is the right moment for the list.
Revolution
CEO Revolut Nikolay Storonsky at the Internet Summit in Lisbon, Portugal, November 7, 2019.
Pedro Nunes | Reuters
Revolut is widely regarded as a potential future candidate IPO Fintech. Last week, Digital Banking Unicorn told CNBC that he recently gave employees the opportunity to sell stocks in the secondary market with a high estimates of $ 75 billion, placing it above some large Britain’s market value.
“As part of our commitment to our employees, we regularly provide them with opportunities to gain liquidity,” the Revolut press said at the time. “Currently, the sale of the secondary action of the employee is in the process, and we will not comment on until it is completed.”
The secondary round buys Revolut for a while to stay private for longer while offering employees to leave some of their possessions. However, at the same time, this does Revolut one of the most valuable private firms in the world.
As for where the Revolut lists, as long as the US is the most likely place.
Co-founder and CEO Nikolai Stomon spoke sincerely about his advantage in the US because of problems with the IPO London market. Last year he said the podcast 20vc that in the UK was “just not rationally”
Monzo
Having reached recently $ 5.9 billion estimate The British Digital Bank Monzo is another contender for state markets in the secondary sale of shares.
Report came up earlier this year Sky News In this case, Monzo lined up on bankers to work on the IPO, which can happen in the first half of 2026.
However, in the fire discussion, the CNBC in SXSW London, the CEO of Monzo Ts Anil said that IPO is “not what we are now focused” – it should be noted that it was in June.
“What we focus on is the scale of the business, continue to grow, double again, achieve more customers, build more products, continue to lead to great economic results on the back,” Anil said at the time.
Anil would not comment where the Monzo would list if he was an IPO, but he stressed that the firm was “deeply devoted” to be with a Kokwater headquarters in London.
Starling Bank
Roman Bhatya, Chief Executive Director of Starling. Bhatia moved from Ovo Energy Ltd., where he was the CEO.
Zed Jameson | Bloomberg | Gets the image
Monzo NeoBank Starling Bank reportedly considered the possibility of an initial public proposal in the US as part of the expansion plans there.
On Thursday, Bloomberg reported This Starling hired Jodi Bhagat, former President Global Banking at Personetics Technologies software to lead the rise of his engine technology unit in the US
Starling refused to comment if he asked CNBC about his plans on the list.
Last year, Starling CEO Roman Bhatia said the bank’s plans will expand globally through Engine, a software platform that sells other companies so that they can create their own digital banks.
“I am a very bull in this approach around the internationalization of what is the best in Starling – my own technique,” Bhatia said at a 20/20 money at the conference, moderated by CNBC.
Starling was The last time is estimated at 2.5 billion pounds (3.4 billion dollars) In the 2022 financing round. However reports show that the firm is Looking for to get an estimate of 4 billion pounds in the future secondary sale of shares.
Payhawk
Saravutvanset | Room | Gets the image
Although the less famous name based in Bulgaria Fintech Payhawk also has IPO Ambitions.
The cost management platform was estimated in $ 1 billion in 2022 And income increases by 85% compared to last year to 2024 to 23.4 million euros (27.4 million).
“We definitely see that the IPO window is open,” Payhawk CEO and co-founder of Christ Borisov said in an interview with CNBC. However, he emphasized that “we look at more than a five -year horizon.”
“If you look at most IPO, most of these IPOs are companies that have $ 400 million to $ 500 million (annual repetitive income),” Borisov said. “This is our goal.”
Some honorable mention
There are other Fintech, which are similar to the potential applicants for the IPO on the line, but the trajectory looks less clear.
Last January, CEO Blockchain Brad Garlinghouse told CNBC what company company Investigated markets on the US borders For its IPO because of the aggressive regime of the crystanding regime as the head of the Exclusive and Exchange Commission, Geri Gensler.
This may change now thanks to President Donald Trump’s propelled position. Last year, Harlinghaus said Ripple put any plans for IPO. The startup was most recently estimated in $ 15 billion.
Germany N26 is another potential contender for IPO. The digital bank was estimated at $ 9 billion in 2021 round financing.
However, he encountered some failures. Co -founder N26 Valentin Stalf recently Became as CEO After a collision with investor pressure from -was’ failures.
