Today’s Fintech industry is witnessing a boom like never before, and all the credit goes to the technological space. As the tech-savvy generation is slowly moving towards a better future, banking and financial options evolved too.
Today is the time and age where mobile banking has taken the lead, and the tech space drives many financial options and institutions. From digital loans, e-commerce payments, and digital currency exchanges, no sector is not touched by the Fintech industry.
In this article, we will unveil 15 startups that revolutionize the financial sector with their innovations.
- Chime
Chime is a mobile bank that has set a huge pedestal for itself in the banking space. The company is located in San Francisco and offers automatic savings, which is one of its many features. Till now, the mobile banking system has over one million accounts to its name and is also touted as one of the fastest-growing banks in the United States of America.
2. Brex
The company is located in San Francisco and specializes in designing corporate credit cards for tech, e-Commerce. There are many cards features out of which prime are 30-day payment cycles, 10-20 times higher credit limit, and reward points when business purchases are made. The card also lets companies earn points on tool and software purchases as well as food delivery.
Check: Working of Online Payment Gateway Stripe
3. Tala
Tala is another growing Fintech industry that deals with credit, data, and software. One of the company’s prime features is it gives credit access to people in parts of the world like Tanzania, Philippines, Kenya, and even Mexico. Through its app, the company can also employ alternative data to users who have no credit history.
4. Braintree
The head office of Braintree is situated in Chicago, Illinois. The company is a division of Paypal and provides services to all businesses. With products that help market places upgrade their security services, prevent online fraud, and even safeguard user information, Braintree is making transactions and other payment-related services much safer.
5. Morning Star
Morning Star is another company that caters to the investment and research services. The company is also located in Chicago, Illinois, and has an array of services that easily help investors make financial decisions. One of the ways in which the company is able to achieve this through its professional-grade finance related research.
6. Circle
The circle is a company that deals in Cryptocurrency. Located in Boston, Massachusetts, the company follows a simple yet effective approach that currency shall be secure yet free. Therefore, its services allow users to transfer money and help customers invest new currencies easily.
7. Transferwise
The one and only aim of the company is to make money available to users at mid-market rates. Therefore, the company has no unnecessary fees and has both vendors and users in its platform.
Check: 25 Major Payment Gateways in Different Online Markets
8. Gravity Payments
Gravity Payments is a company that is located in Seattle. The company has flexible payment processing solutions for small businesses and also offers lower rates to them. Equipped with a platform that processes both credit cards, POS, and gift cards, the firm has made the financial transaction easy and more accessible.
9. Opploans
If you feel that it is very difficult to apply for personal loans, then think again. Opploans is a company which has solved this problem of yours. The company offers personal loans in a matter of days. The loan includes every sector like a car, house, family bills, medical emergencies, and so on, thus making it easier for people to get access to lower interest loans.
10. Suplari
Suplari is located in Seattle and is one of those companies that integrate machine learning in its daily operations. The company covers all departments like Finance, Procurement, and Operations, along with zeroing on areas where the money is spent needlessly. Users can take the help of the platform to analyze, predict, and cut down costs easily.
Check: Different Options Available to Accept Online Payments
11. Optiver
The company is headquartered in Amsterdam but also has an office in Chicago. Optiver can be easily deemed as a trading company that facilitates the buying or selling of goods. The company also promotes liquidity by promoting easy exchanges and stresses on building markets.
12. Verifi
Verifi offers payment protection and risk management services to all its customers. The company’s platform is one of a kind as it allows cardholders, merchants, and issuers to access real-time data and get access to secure payments that can battle frauds easily.
Check: Recurring Payment Based Businesses
13. Enfusion
The company is located in Chicago, Illinois, and has an integrated platform that supports a multitude of operations. The platform supports operations like hedge funds, trading, risk management, and accounting. The company’s main mission is providing a concrete view to the clients, which will help them establish an operational efficiency.
14. Trueaccord
If there is one company in the fintech space that has successfully integrated machine learning, it is true. The company helps a thousand others to collect debts in such a way that it suits both the business and the customers. Instead of traditional methods like cold calling and sending over debt collectors, The company uses notifications and texts to encourage customers to payback on time.
15. Blend
The Blend is a digital program that helps simplify the loan process and makes it easier. Located in San Francisco, the company allows customers to get a more transparent look into their business. With low-touch pre-approval and quick data verification, the lending process of Blend is quite simple and hence has been used by major financial institutions till now.
Check: Start Your Business With Fintech Clone Scripts
Conclusion
It is no surprise that the Fintech space is now getting to see major changes day by day. This is due to the fact that technology has navigated itself into this sphere also. With so many startups blooming under the sector, one thing can be easily said that in the coming years, the banking and other financial institutions will surely pull up their socks and come with new innovations to revolutionize the fintech space.
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