Fintech is a booming industry that’s on everyone’s mind, especially investors.
As tech-savvy generations have aged, banking and financial options evolved, too, and once rare perks like mobile banking became standard, forcing brick-and-mortar institutions to become tech-enabled.
Fintech Companies to Know
- Square
- Chime
- Stripe
- Coinbase
- Venmo
- Plaid
- Robinhood
But banks aren’t the only financial institutions that have made tech-driven changes. Entire markets — from digital loans and mobile stock services to e-commerce payment platforms and digital currency exchanges — are rooted in digital financial access.
To learn more about what the current space looks like, check out these fintech companies and startups.
Fintech Companies to Know
Square’s products support businesses of all sizes. For example, the company’s suite of tools for retailers can help with managing inventory and syncing in-store and online operations. Square also offers contactless hardware like its Square Terminal for taking payments and printing receipts.
Stripe’s internet commerce platform provides tools for marketplaces, subscription services, e-commerce businesses and crowdfunding platforms. Millions of online businesses — including Pinterest, Warby Parker, Kickstarter, Instacart and Squarespace — have used the platform to manage payments and structure online billing processes.
Robinhood is an investment application that allows users to invest for free from a desktop or mobile device. Because there are no physical locations or individual account management services, Robinhood aims to make investing accessible to would-be traders who can’t quite swing the fees of a traditional brokerage house.
Venmo makes it simple to exchange money between friends or accept payments as a business. Going out to dinner with a friend and don’t want to split the bill with credit cards or cash? Maybe you want to pay your dog walker with something other than a check? Venmo’s app makes it easy to transfer money from your bank account into another user's, so you can keep track of payments in real-time.
Navigating finances can be tricky, so Cash App is making money management more accessible through its mobile platform. Customers can complete instant transactions, set up direct deposits, customize debit cards and purchase stocks and Bitcoin. By placing various financial capabilities at the fingertips of customers, Cash App empowers people to take control of their finances and mold financial tools around their needs.
Invoice Home developed a fintech tool that offers a solution to the problem of how freelancers, solopreneurs and small businesses bill clients and process payments. Its cloud-based invoicing software is built for simplicity, with templated invoice designs that can be customized, digital payment options and a backup archive that ensures the security of critical records.
Democratic candidates, nonprofits and progressive organizations are using ActBlue’s fundraising platform to connect with small-dollar donors. ActBlue’s platform supplies customizable contribution forms for organizations. From there, the ActBlue Express Lane features allow donors to contribute after clicking one simple link. The link is often embedded in fundraiser emails. Additionally, two organizations can create a joint contribution form, which permits donors to give to these organizations with one click too.
With Klarna’s app, online shoppers can choose when they pay for their purchases. Options available to them include paying in four installments without interest or fees or a financing plan ranging from six to 24 months. The company’s Klarna Card can also be used to earn points that can be redeemed for rewards.
Navan, an all-in-one travel tech platform, provides travel payment options that streamline corporate transactions through the use of virtual cards. These cards facilitate both one-time and recurring payments. Additionally, users have the option to connect their current Visa or Mastercard to the Navan platform while preserving their card benefits.
The financial playing field favors large corporations, so Enova is seeking to turn the tables. Leveraging a machine learning-based platform, Enova equips non-prime consumers and small businesses with customized loans, lines of credit and other financial services. Brands like CashNetUSA and NetCredit have fallen under the Enova umbrella.
Bilt Rewards is a loyalty program that allows renters to earn points for paying their rent bills on Bilt branded cards. The company offers other fintech products, including a branded MasterCard, and is notable for being the first company to set up a system for renters to earn points on their housing payments.
Wealthfront is an automated investment solution designed for Millennials. Whether users want to buy a home, take a year off to travel or plan for retirement, Wealthfront helps them plan for the future. The automated investment tool uses passive investing strategies to build a diversified portfolio and maximize returns.
CAIS works with financial advisors to improve education and access to alternative investment funds and products. Through its learning system CAIS IQ, the company helps advisors learn more about funds and products to improve client outcomes. The company also provides a collection of hedge funds, digital assets, private equity and more for advisors to utilize with clients.
Snap! Mobile makes fintech software products for youth sports coaches, organizers and teachers. It has a fundraising platform where schools, teams, groups and other entities in the youth sports space can raise money, process donations and manage fundraising efforts. Other products include the Snap! Store, where teams can promote spirit wear to fans, and Snap! Sponsor, which is a marketplace platform for local sponsors.
Canoe makes AI-powered automation software for the alternative investing industry. “Alts” are investments in assets outside the traditional investment categories of stocks, bonds and cash. It trains AI to scan huge sets of documents and extract data from them, which is then fed into automations so investments can be made in a low-touch, data-driven manner.
Check allows businesses to embed payroll directly into any time tracking, HR or SaaS program. The payroll-as-a-service API simplifies the payroll process by using an integrated system to calculate taxes, transform funds and generate tax forms. Businesses can also use Check to offer employee benefits through SimplyInsured.
9fin makes a data and analytics platform for finance professionals. It comes equipped with features like making documents text searchable and AI to aggregate and deliver news alerts. Its solutions have applications for investment banks, asset managers, hedge funds and law firms.
Based in Chicago, Tegus is an SaaS platform that provides market intelligence for investors. It provides instantly available expert call transcripts between top executives and investors, and helps businesses streamline their research by sorting through documents. Perspectives from customers, investors, former employees, partners and more are all housed on the platform.
Stride Funding specializes in alternative education financing solutions that help employers attract quality job candidates, lighten the burden of debt on students and help educational institutions support student success. Stride Funding maintains a pool of pre-vetted students who are either starting or already in school. Employers can connect with students who match their employment needs and commit to repaying their loans upon graduation in exchange for a promise of joining the company as an employee.
Geneva Trading is a trading firm that supports both algorithmic and non-algorithmic traders, and offers consultancy services in technology, risk management and consultancy services. The company has expertise in industries that include agriculture, energy, fixed income, equity, metals, foreign exchange and digital assets.
MyBambu is a mobile app that offers a number of financial services including international money transfers, peer-to-peer payments, prepaid credit cards and direct deposit options. Because the company does not require a social security number to open an account, it’s accessible to users regardless of their immigration status.
OTR Solutions makes a cloud-native platform that discovers freight factoring solutions. The company offers services, tools and client support to assist trucking businesses in maximizing success. A capital fuel card and an accounts receivable team are both examples of what the company offers. Whether it's financial, fuel or business management, OTR Solutions strives to grant flexibility and accelerate growth for companies.
Supernova Technology is a team of finance and technology experts working to innovate securities-based lending. Its cloud-based, modular platform can be configured to meet the needs of broker dealers, banks registered investment advisors and technology providers. It comes with tools like a client portal for 24/7 access to account status information and customizable risk management dashboards.
Edge offers a data and analytics platform for bank transaction data, which is used to assess consumer credit risk. On its platform, financial institutions, lenders and other stakeholders can glean insights from the accumulation of huge amounts of granular transaction data, which aims to allow for a far more nuanced, accurate and unbiased assessment of creditworthiness than a traditional reported credit score.
With offices on three continents, Reorg provides financial and legal professionals across the globe with a mixture of reporting and data analysis to inform their decision making. The company’s subscribers get access to analysis on companies, breaking news, updates on court and regulatory proceedings, proprietary data and other important intelligence.
Kikoff makes fintech products for consumer credit building. Understanding that it’s challenging and time consuming for young or credit-naïve consumers to establish credit, Kikoff offers a suite of digital financial products that aid and speed the process, including credit-builder loans and secured lines of credit.
HPR works in capital markets infrastructure, building tech for real-time electronic asset trading across markets. Its Unimus platform is a technology framework that coheres multiple products, including the DataBot data delivery system and the RiskBot ultra-low latency risk management software. The company has also introduced its Hypercube hardware exchange matching engine to bring greater speed, efficiency and reliability to its tech stack.
Discover is a well-established name in the financial services sector, with a history that dates back to the 1980s. Today, Discover’s goal is “to be the leading digital bank and payments services company.” The company serves consumers with a portfolio of financial products and solutions that includes credit cards, online banking and identity theft protection. It has also facilitated billions of dollars in lending in the form of personal, home and student loans.
Halo Investing established an all-in-one platform for protective investing. The company seeks to facilitate transparent, fair access to investing solutions and structured notes for financial advisors and investors. Clients can build portfolios that can be personalized, target a specific level of return and compare risk gaps. Financial advisors and investors also gain access to buffered EFTs, market-linked CDs and annuities.
PEAK6 is a private company that invests in and develops businesses across various industries, including finance, insurance, education and esports. Its portfolio includes PEAK6 Capital Management, a proprietary options trading firm providing liquidity to the U.S. options market, and Stash, a personal finance app designed to make investing more accessible. It also includes the financial literacy mobile app Zogo and Fintech Solutions, a digital service for clearing, custody, execution and routing for financial institutions. The company aims to foster innovation and democratization.
Cedar is a fintech company with a platform for facilitating services within the healthcare industry, from payment to engagement with patients. By offering payment processing, customized medical billing and relationship management from one platform, it is able to reduce redundancies and make sure financial and customer service issues never fall through the cracks.
Opto Investments’ platform helps RIAs gain access to the private investment market, establish personalized investment portfolios and simplify the transaction process. Whether it's private equity or real estate, Opto Investments also manages possible risks for each investment.
DRW is a global asset trading firm using specialized tech to trade across regional markets and minimize risk. To expand its portfolio, DRW has ventured into new trading realms such as cryptocurrency, alongside investments in new technologies like blockchain through its venture capital arm.
FPFX Tech makes SaaS fintech for the trading industry, where it serves firms and brokers with automation systems that manage the intricacies of proprietary trading. “Prop trading” is the practice of trading with a firm’s own funds, rather than on behalf of clients, and FPFX makes products like the Prop Trading Tech Kit that manage these operations.
Rather than rely on manual processes for accounting needs, BlackLine has developed an all-around finance and accounting platform. Clients can compile financial data and automate repetitive tasks without switching between different hardware and software systems. BlackLine makes it easier to review accounts, craft financial reports and complete other accounting tasks.
Proprietary trading firm IMC Trading uses automated systems to reduce transaction costs for buyers and sellers alike. The company, founded in 1989, invested in automation and algorithmic trading early on. Today the firm trades primarily on the basis of data and algorithms.
Empower aims to help its users make real changes to their credit by gaining access to fair practices that help them get the money that they need. The company says that it hires consistently for a variety of data scientist roles for APAC and domestically in order to enable its model development process.
Upside is a fintech company that operates a cash back app for retail rewards, which users can redeem for cashback on purchases in brick-and-mortar retail locations like grocery stores and gas stations. Partnered with Chime and other consumer fintech companies, Upside leverages the nuance of digital retail to improve product value, returning the savings to the customer while also creating traffic and brand loyalty for retail businesses.
Flywire helps facilitate seamless transactions in industries like education, travel, technology and healthcare, eliminating operational challenges. The company’s global payment network allows users to pay in local currencies with a locked-in exchange rate, which Flywire then exchanges and deposits in the business’ account. With invoicing and integration capabilities also available, Flywire is a partner to more than 3,300 businesses.
The Wolverine companies make up a number of financial institutions specializing in various strategies. Wolverine Trading is a financial services and investment firm that’s a designated market maker, meaning it’s equipped to both buy and sell any given asset through bids and asks. Wolverine Execution Services handles equities, options and futures while Wolverine Asset Management holds and invests capital on behalf of institutions and high-net-worth individuals.
CSC offers cybersecurity, data analytics and cloud computing services to companies who may need support with tax solutions. It says it is committed to efficiency and cutting-edge technology. The company offers businesses financial services like capital markets transactions, administrative alternative asset management, business administration and domain name system management.
Whether it is cash or cryptocurrency, Flourish helps Registered Investment Advisors and their clients tackle their financial goals. The company develops solutions for financial products regarding wealth management, insurance, banking and more.
Beyond Finance provides consumers with personalized solutions for paying off debt. The company says it can help customers reduce their monthly payments and resolve debt within 24 to 48 months. Beyond Finance offers free consultations to get customers started on their journey toward financial freedom.
Valon helps homeowners tackle the process of mortgage servicing. The company can assist with finding suitable loan options, refinancing a loan and leveraging home equity. Through the platform, homeowners can make instant payments and even access escrow updates. Valon also provides an option to transfer mortgages from previous lenders to its platform.
Pangea is a fintech company that enables users to pay anyone in the world. Its foreign exchange management platform allows individuals and companies to make global payments in any currency, in under a minute. Recipients can pick up cash payments at local locations, and in some countries, payments can also be routed to bank accounts or debit cards.
Insurtech company Pie Insurance focuses on providing small business insurance throughout the U.S. Its coverage options include workers comp, commercial auto, general liability and more. The tech-enabled company uses artificial intelligence, machine learning and data science models to support its operations.
Hudson River Trading is a quantitative trading firm that utilizes a scientific approach to maximize the power of its products. A team of mathematicians, computer scientists, statisticians, physicists and engineers work in concert to develop new automated trading algorithms that allows Hudson River Trading to move millions of stocks across global financial markets each day, leading to constant innovation in the ways in which trades take place.
Wise moves money through its platform to users all over the world at mid-market rates and with no unnecessary fees. In addition to individual users, Wise can be used by companies to invoice vendors regardless of currency.
Organizing a project is no easy feat, but Unanet is simplifying the process with its project management platform. The platform enables professionals to track finances, automate repetitive tasks, analyze data and make informed business decisions. The company provides government contractors, architects, engineers and construction workers with numerous ways to streamline their workflows and allocate resources where they’re needed most.
Pinwheel is an API provider that helps financial institutions, banking and lending apps provide better customer experiences. Clients rely on Pinwheel’s real-time income and employment data to help users switch deposits, manage taxes, project earnings and verify data. Through the platform, institutions can reduce risks, activate users and become primary banks.
Brigit is a financial health app that helps its members track their finances. Some of the app’s features include bill tracking, budget assistance and finding side jobs. For a monthly subscription, members can also access credit building, cash advances, repayment plans, auto advances and identity theft protection.
Online lending platform Upstart connects borrowers with banks and credit unions to fund loans. Additionally, AI is used to better predict a borrower’s probability of default and provide lenders with more accurate credit underwriting. Upstarters enjoy a remote-first work model, but the company offers in-person opportunities in San Mateo, California; Columbus, Ohio; and Austin, Texas.
Vestmark makes software and provides technology services for investment portfolio management. It designs products for broker dealers, asset managers, investment advisors, turnkey asset management programs and banks. Serving more than 72,000 financial advisors and managing combined platform assets of over $1.5 trillion across more than 5 million investor accounts, the platform is well equipped to scale.
Belvedere Trading is providing timely insights to traders with its advanced proprietary technology. The trading firm has cultivated cutting-edge software systems that are continuously improved through Scrum and Agile methods. As a result, Belvedere Trading has the ability to quickly assess markets and manage financial risks when completing transactions.
Founded in 2012, Apex Fintech Solutions offers a “fintech for fintech” platform to assist in the digital execution, clearing and storage of investment assets. The platform can manage cost basis and tax solutions, cryptocurrency and more.
Geode Capital Management assists businesses with navigating the investment landscape. These investment options include equity indexes, options and commodities. The company provides investment management solutions by employing team-based, systematic and risk-managed strategies.
LoanStreet offers digital products for loan trading among financial institutions that hold loans, such as banks, credit unions and direct lenders. Its single dashboard allows lenders to manage, share and analyze loans, which they can then trade as assets. Features include a digital loan marketplace, automated loan reporting, loan servicing and analytics on loan performance.
Alliant Credit Union is a nonprofit financial services cooperative. As a credit union, it extends ownership shares to all its members, with no profit extracted from its processes. Clients receive all standard banking services, including checking and savings accounts, investment products, lending services and credit. Alliant has been digital long before it was trendy and offers a hybrid workplace out of its Chicagoland headquarters. Its team manages more than $19 billion in assets.
Constrafor makes fintech SaaS products for general contractors and subcontractors in the construction industry. Its GC product is a cloud platform that facilitates procurement and admin processes like contracts and invoices, while its subcontractor product handles financing for receivables. The aim of the platforms is to help clients free up cash so their businesses can grow rather than having to keep cash in reserve to manage the administration of existing projects.
Say the company name out loud, and you’ll understand the concept of MarketAxess, a fintech company that runs an electronic trading platform for fixed income assets. Fixed income assets include bonds and other assets and securities that pay out a set amount of interest or dividends to investors, and they are traditionally traded via telephone. On the MarketAxess platform, clients can trade assets electronically, as well as access resources on existing and emerging markets across regions.
Trumid makes a fixed income trading platform that offers a customizable user experience along with analytics tools to inform trading based on real-time data. The technology also connects users with liquidity providers, and its ecosystem of protocols comes with flexibility to support traders’ individual goals.
Businesses can use Adyen’s platform to accept payments online and in-person, detect and respond to potential fraud, get insights about customer behavior, issue both physical and virtual payments and more. Spotify, Uber, ebay and Microsoft have been among the brands that have worked with Adyen.
Zone & Company makes fintech software products used by enterprise finance teams as add-on integrations to Oracle NetSuite. Its billing tool, ZoneBilling, connects to NetSuite enterprise resource planning products and offers features that manage billing scenarios like recurring subscriptions, usage-based licenses, service fees, inventory, price tiering and other complex contracts. Because Zone & Company products are all NetSuite native, they nest within NetSuite without redundancies or coherence issues.
Debt hampers countless consumers, so Achieve is giving people a second chance to build a path to financial security. The company’s services include personalized loan options to help their clients consolidate debt or pay for major purchases. Achieve says its services have helped to resolve more than $15 billion in debt.
TransUnion began as a credit reporting agency and now offers multiple financial services and solutions for businesses, governments and individuals. Using data collected from millions of consumers around the world, the company provides deep information that helps consumers, companies and organizations make better financial decisions.
AffiniPay makes payment processing software products for specific professional service industries. It creates products like LawPay, which facilitates payment to law firms, CPACharge, which handles reporting and payments for accountants, and ClientPay, a general professional services payment processing tool used by architects, designers and consultants. AffiniPay’s offerings allow firms and individuals providing these services to bill and receive payments in a manner tailored to the norms and needs of their industry.
Plaid provides organizations with tailored fintech solutions. Companies can use Plaid for identity verification, investments, compliance monitoring, real-time account balance verification and more. Plaid has worked with Venmo, Chime, Samsung and Acorns.
Coinbase is an online platform for buying, selling and managing digital currency that provides users with secure mobile access to their digital assets. Coinbase is available in upwards of 100 countries and has exchanged more than $150 billion in various forms of digital currency, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Accessing employee information can be a tedious process, but Argyle is removing the red tape and providing a more streamlined approach. The company has developed a set of tools that allows employees to instantly connect their information to a single application. Employees can verify their income, change their direct deposit option and pay off loans with a few quick taps.
Fintech company Upgrade, Inc is an online personal loan and financial services provider — but it is proudly not a bank. It handles affordable short-term fixed rate loans of $1,000 - $50,000 for everything from auto refinancing to home repairs. The company also offers credit cards, checking and savings accounts and credit monitoring.
Pontera helps financial advisors manage their clients’ retirement accounts. From holistic planning to consolidated reporting, the company’s order management system can work across various account types, including 401ks and 529s. The platform can safeguard client information, strengthen client relationships and integrate with other portfolio management and billing software. The company also strives to solve compliance challenges like rollover complications.
Bectran is a B2B company offering a platform that enables efficient credit, collections and accounts receivable management. Its solutions include a customizable credit application system, automations for collections management tasks and a self-service portal for invoicing, billing and payments. Bectran’s technology serves more than 2,000 businesses, helping them streamline reviews of credit applications, for example, and improve customer satisfaction.
Financial services firm Clear Street has a proprietary cloud-based trading platform where customers can complete transactions involving U.S. equities and options. By eschewing slow mainframe-based systems, Clear Street enables swift access to financing, securities lending and execution options. Its platform also empowers investors with intuitive reporting tools for comprehensive portfolio management and personalized trading experiences.
iCapital is a fintech platform that connects investors with hedge funds, private equity firms and alternative asset managers (alternative assets being investments that aren’t stocks, bonds or cash). Functioning as a sort of buffet menu of curated private equity strategies, the iCapital platform offers investors choices like venture capital and growth equity, allowing them to build a bespoke portfolio that is more targeted than a traditional hedge fund.
Morningstar provides an array of products and services that connect everyday investors to professional-grade financial research and information so they can make better investment decisions.
ePayPolicy offers tools designed for the insurance sector. Used by individual insurance agents, agencies, brokers and companies, its software enables digital payment processing along with payment automations via credit card and ACH transfer. These capacities work to protect against lapses in coverage and improve client retention.
Gelber Group is a global proprietary trading company that trades in the major exchanges in the U.S. and worldwide with a variety of asset classes that include commodities, equities, fixed income and foreign exchange. The company’s Chicago office is located in River North.
Affirm is a lending platform that allows users to pay for online purchases in small installments. The company offers interest rates as low as 0 percent and allows users to choose plans ranging from three to 36 months so they can pay over time for trips, electronics, furniture and more.
Gynger meets startups where they are at by providing two distinct but related services: financial products, like loans and lines of credit that are specifically approved for use on software and technology investments, as well as software management to help these new companies figure out how to best utilize the huge marketplace of cloud-based and traditional B2B software products.
Operating in the healthcare space with a care-now, pay-later business model, Scratch Financial works with a network of over 14,000 healthcare practices across the U.S. and Canada. Its patient lending and payment processing platform works to make paying for medical care more accessible. Its financing solution is available for medical treatments and procedures as well as veterinary care.
Core Digital Media is a fintech and marketing company that operates several financial empowerment services, like LowerMyBils.com and QuickenLoans.com. The company’s brands allow consumers to economize on recurring expenses like mortgage payments, insurance premiums and credit card bills, with strategically placed ads that appear on each brand’s website serving as the income stream to power the financial services offerings.
Inspira Financial is a financial service firm that develops health, wealth, benefits and retirement investment solutions. The company works with employers, plan sponsors and record keepers to help individuals plan, save and invest. Its services include automatic rollover accounts, health savings accounts and self-directed IRA.
Block offers financial services and mobile payments, as well as hardware and software for point-of-sale systems. Founded by Twitter co-founder Jack Dorsey as a solution for payment processing and other financial services for small businesses, Block is the parent company of Cash App and what was formerly known as Square.
Although Northwestern Mutual has thrived for over 160 years, the organization continues to embrace new and innovative ways to serve its clients who can track their finances, view insurance products and create long-term plans with online and mobile tools. Northwestern Mutual has also reduced the underwriting process period to as little as a day with its digital technologies, making it easier for clients to jumpstart their financial journeys.
January specializes in “humanized debt collection.” Its digital platform engages borrowers who have fallen behind on their payments to set them up with a plan for paying off their debt. The company says its empathetic, digital-first approach to collections helps creditors increase recoveries without compromising on compliance and security.
Since 2004, NinjaTrader has serviced active traders across the globe. The platform operates with trading software and brokerage services to display influential data to traders across leading financial markets. Some features of the platform include trade simulations, market visualization and analysis, select data providers and supported brokers, customizable development and personalized third party add-ons.
Simply Business is a digital insurance brokerage geared toward helping small businesses protect their assets. The company aims to simplify the process of finding and comparing insurance options through its online platform. SimplyBusiness can help small business owners find coverage options including general liability, professional indemnity and equipment insurance.
Moov Financial offers a platform that allows businesses to embed payments functionality for a broad range of use cases into their products. The company has a toolbox of options developers can take advantage of to bring their users features like sending and receiving money, wallets for storing funds, virtual cards and real-time balance updates. Companies can also get their product to market faster by using Moov Drops, a selection of secure, prebuilt UI components for payments that can be quickly incorporated into a product.
Enigma uses machine learning and AI to return business intelligence to B2B clients, advisory firms and credit decisioning platforms. By providing legally available, but hard to uncover identity, firmographic and financial well-being data on private businesses, Enigma offers its clients a clear view of the companies they are researching.
DFIN is a risk and compliance solutions consultancy to help its clients manage their financial portfolios and analyze their data. It supports companies through technological advancements, evolving regulatory environments and market fluctuations. The company equips businesses throughout their investment lifecycles with data insights, industry expertise and technology.
Chime is a pioneering mobile bank that offers no-fee and automatic savings accounts as well as early payday via direct deposit. More than 1 million accounts have been opened with Chime.
Ethic serves as an asset manager to develop personalized investment options for customers and their values. The company aligns customers with options that share distinctive values, like racial justice and LGBTQ+ rights, and creates social impact through a wealth advisor. The process is called sustainable investing.
Forward Financing provides working capital to small businesses in the United States using its proprietary technology to allow businesses access to financing as soon as the same day they apply. The company has provided over $2.6 billion to more than 58,000 growing businesses.
Biz2Credit functions like a marketplace for small business loans. Businesses and lenders match based on credit and loan needs and capacities, which include loans for working capital, term loans and commercial real estate loans. Because the platform aggregates offers from multiple lenders, businesses can shop for favorable terms rather than having to negotiate with a single financial institution.
Consumers use Current’s solutions to help them build their credit history and prepare for a healthier financial future. It offers a card members can use to build credit as they spend, and card holders don’t have to deal with fees when they withdraw money from one of Current’s over 40,000 in-network ATMs. Current members can also automate savings contributions using the round-ups feature, and the company offers fee-free crypto trading.
SoFi provides refinancing, loan and wealth management services. In assessing a user's rates and determining the likelihood of loan repayment, the digital company's algorithm takes into account factors beyond income and credit history. Things like education, career and estimated cash flow are also part of the mix. In addition, SoFi offers benefits most institutions charge extra or require large balances for, including career services, unemployment protection and financial advising.
Riskified provides an AI-powered platform that protects e-commerce sites by allowing them to easily separate legitimate shoppers from fraudulent requests. The platform makes it easier for legitimate shoppers to convert into customers with tools like dynamic checkouts, alternative payment processing and chargeback guarantees included with Riskified’s ATO prevention and pre-authorization solutions, fixing leaks in the e-commerce purchase funnel and building stronger customer relationships at the same time.
Avant provides personal loan, credit card and mobile bank services for middle-income consumers. The personal loans are largely a resource for customers to access funds for things like consolidating debt or paying unexpected bills. Avant requires a simple application and approves loans in as little as one day.
OppFi’s platform helps banks work with their customers to access credit. Its products include OppLoans to make it easy to apply for personal loans online. The application process takes minutes and the lower interest rate loans are issued in a matter of days. Applicants can apply for loans to cover everything from home and car repairs to family bills, medical emergencies and major purchases.
Enfusion’s completely integrated investment management platform assists hedge funds, institutional asset managers and family offices with compliance, trading, risk management, operations and accounting. Its goal in giving clients a complete view of their businesses is to enhance operational efficiency.
Remitly operates an intuitive platform that simplifies the process of sending money to loved ones overseas and across borders, offering several ways to send and receive funding across a variety of currencies. Featuring bank deposit, cash pickup, home delivery and mobile money services with immediate payments available, Remitly offers low fees, quality exchange rates and even Passbook, a modern banking experience designed specifically for immigrants.
Financial services company tastytrade works with self-directed investors, meaning individuals who aren’t working with brokers or portfolio managers. It operates a trading platform for options, futures, options on futures, stocks, exchange-traded funds, commodities and indices that anyone can access for extremely low commission fees. Users can trade on the platform and can also learn from an extensive library of investment strategy tutorials designed for the self-directed investor.
MineralTree is an accounts payable company that makes software to automate payments. As a replacement for manually paying for the goods, services and labor a company needs to pay to maintain its operations, the MineralTree platform takes a holistic view of these regular and incidental transactions and coheres them into a digital cloud-based workflow.
TrueAccord from TrueML uses machine learning to help thousands of companies collect debts in a way that suits both companies and customers. Instead of cold calling or sending debt collectors, TrueAccord uses modern forms of communication (like texts and push notifications) to boost customer engagement and payback rates. TrueAccord provides customers with outstanding debts with a platform that allows them to personalize the time, channel and payment arrangements that are comfortable for them.
Braintree, a division of PayPal, provides payment services to businesses of all sizes. Accepting payment types ranging from credit cards to Venmo, its products help companies that operate online and as marketplaces to bolster security, prevent fraud and safeguard user information.
Frequently Asked Questions
What is a fintech company?
A fintech company is a company that uses technology to enhance and automate financial services for business and consumer use.
What is the biggest fintech company?
Stripe is one of the biggest fintech companies in operation, processing over $817 billion in transactions in 2022.
What is an example of a fintech company?
Cash App, Chime, SoFi and Venmo are all examples of fintech companies.
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