Complete 2026 fintech IPO pipeline: Stripe ($159B), Revolut ($45B), Chime, Ramp, Brex and 50+ fintech companies. IPO readiness scores, S-1 status, valuation data. Updated monthly.
The fintech IPO pipeline in 2026 is dominated by a handful of well-known names that have been "IPO-ready" for years but have delayed listings amid rate uncertainty. That window is finally opening.
Stripe, the payments infrastructure giant, was last valued at $159 billion after a secondary transaction repricing from its peak $95B 2021 round. Stripe's revenue has reportedly surpassed $7 billion annually with strong profitability — making it the most credible mega-cap fintech IPO of the decade. Klarna went public in September 2025 on NYSE (KLAR) at $40/share; it now trades at $13.99, a stark reminder that even profitable fintechs face public market discipline.
Revolut ($45B) secured its UK banking license in 2024 and is preparing a London listing. Chime, Ramp, and Brex represent the neobank and B2B spend management wave — companies that raised aggressively in 2021 and are now focused on path-to-profitability narratives required for public investors.
The core fintech IPO thesis in 2026: revenue durability, not growth rate. Interest rate normalization has compressed net interest margin projections for neobanks while rewarding fee-based payment processors. Companies with predictable take-rate economics are positioned better than those dependent on float income.
| Company | Status | Valuation | Revenue | IPO Readiness |
|---|---|---|---|---|
| Stripe | Pre-IPO | $159B | $7B | 85 |
| Revolut | Pre-IPO | $75B | — | 85 |
| Deel | Private | $17.3B | — | 83 |
| Kraken | S-1 Filed | $20B | — | 77 |
| Ramp | Pre-IPO | $32B | — | 74 |
| Checkout.com | Pre-IPO | $11B | — | 73 |
| ConsenSys | Pre-IPO | $7B | — | 73 |
| Monzo | Pre-IPO | $5B | — | 73 |
| Brex | Pre-IPO | $12.3B | — | 71 |
| Chime | Public | $15.8B | — | 68 |
| Carta | Pre-IPO | $7.4B | — | 68 |
| Plata | Pre-IPO | $5B | — | 68 |
| Wise | Public | $10B | — | 67 |
| Nubank | Public | $60B | — | 66 |
| Fireblocks | Pre-IPO | $8B | — | 66 |
| Circle | Public | $5B (est.) | — | 66 |
| Plaid | S-1 Filed | $13.4B | — | 65 |
| Affirm | Public | $14B | — | 65 |
| Kalshi | Pre-IPO | $22B | — | 64 |
| Tipalti | S-1 Filed | $8.3B | — | 63 |
| Rapyd | Pre-IPO | $8.75B | — | 63 |
| SoFi Technologies | Public | $9B | — | 62 |
| Chainalysis | Pre-IPO | $8.6B | — | 61 |
| Klarna | Public | $5.3B | $4B | 61 |
| Coinbase | Public | $65B | — | 59 |
| Robinhood | Public | $12B | — | 59 |
| Ripple | Pre-IPO | $11.3B (est.) | — | 56 |
| Toast | Public | $11B | — | 56 |
| Xero | Public | $11B | — | 51 |
| Xendit | Private | $1.2B | — | 50 |
Revenue marked e = 2024 reported. IPO Readiness 0–100 proprietary score. How scores are calculated →
Stripe has not announced a firm IPO date. The company is valued at approximately $159B as of early 2026 and is reportedly profitable. Internal employee liquidity programs suggest a 2026 or 2027 timeline is plausible, but Stripe leadership has consistently deprioritized IPO timing relative to product expansion.
Revolut received its UK banking license in 2024 and is preparing for a potential London Stock Exchange listing. The company was last valued at $45B. A 2026–2027 IPO is widely expected, with dual listing (London + US) discussed.
Klarna went public on NYSE (ticker: KLAR) in September 2025 at $40/share, valuing the company at approximately $21 billion. As of April 2026, shares trade at $13.99 — a 65% drawdown from IPO price — with a current market cap of approximately $5.27B. The Klarna IPO is a cautionary data point for BNPL business model durability at high valuations.
Stripe and Revolut lead on fundamentals. Ramp and Brex are tracking for 2027 if spend management growth holds. Chime has struggled with its IPO narrative post-2021. eToro, the trading platform, filed an S-1 in March 2025 and is the most active fintech IPO candidate in the public pipeline.
IPO readiness scores measure: revenue scale relative to last valuation (implied multiple compression), years of operating history, banking license status (for neobanks), institutional backer quality, and S-1 filing activity. A score above 70 indicates strong near-term IPO candidacy.