Thanks to advances in mobile technology, the fintech industry has exploded in the last couple of decades. Banking and financial options evolve very fast; there was a time when mobile banking was a rare perk, but now we’re more likely to be surprised by a bank not having this feature.
Banks aren’t the exceptions here. There are entire markets that are tech-driven and rooted in digital financial access, such as mobile stock services, e-commerce payment platforms, and so on. To know more about the current state of this sphere, check out these fintech companies and startups.
TALA (Santa-Monica, USA)
Industry: Credit, Software, Data
Tala gives people from underserved countries access to credit. Their clients are from the Philippines, Kenya, Tanzania, and other countries. The company uses its app to employ alternative data to underwrite their users without a traditional credit history.
PITCHBOOK (Seattle, USA)
Industry: Venture Capitalism, Software, Investments
PitchBook is a data company that gives information about equity markets and develops financial software. The platform enables investors as well as companies and advisors to make money on new business opportunities by providing them with the results of research on private market intel, source investments, and fundraising information.
AVANT (Chicago, USA)
Avant is a loan service made for middle-income consumers; it offers loans from $2,000 to $35,000. The service acts as a resource for clients to access funds for paying unexpected bills and similar situations when the money is needed fast. Customers fill in a simple application, and it only needs one day for approval.
BRAINTREE (Chicago, USA)
Braintree is a division of PayPal. It provides businesses with payment services. The payment types it accepts vary from credit cards to Venmo. Braintree products are for the companies operating online; they help to prevent fraud and safeguard user information.
ONDECK (New York, USA)
OnDeck is a service that offers loans exclusively to small businesses. Clients can fill in an application for loans and credit lines online; they also can receive funding very fast (often within a day).
FORWARD FINANCING (Boston, USA)
Forward Financing also deals with small businesses; they provide working capital to small companies in the US, the company allows customers to access to financing the very same day. Forward Financing has provided more than $500 million to American businesses.
ENFUSION (Chicago, USA)
Enfusion helps different businesses with compliance, trading, risk management, and so on using a completely integrated investment management platform. They aim at enhancing the businesses of their clients’ efficiency by giving them all the necessary information.
MORNINGSTAR (Chicago, USA)
Industry: Investment, Research
Morningstar provides a range of products and services for everyday investors to access professional research and information for making better investment decisions.
VERIFI (Los Angeles, USA)
Industry: Software, Payments
Verifi develops solutions for payment protection and risk management for a number of companies in multiple industries. Their platform allows cardholders, issuers, and merchants to access real-time data for quicker resolutions. What is more, the company helps its clients stop chargebacks, as well as process the payments securely.
CIRCLE (Boston, USA)
Circle is a crypto-financial company that prioritizes the security of transactions. The company’s products, for example, various coins that help customers to transfer money worldwide make it easier for customers to invest in new currencies.
OPTIVER (Amsterdam, the Netherlands & Chicago, USA)
Optiver’s headquarter is in Amsterdam, but the company has a large presence in Chicago. This is a trading firm which specializes in “market-making”. Optiver facilitates the buying and selling of stocks, futures, bonds, etc., and also builds markets and allows for extra liquidity to the trade all over the world.
TRANSFERWISE (New York, USA & London, UK)
Industry: Currency Exchange, Software
TransferWise uses its platform to move money between the users across the globe without any unnecessary fees. Not only individuals can use TransferWise – the company works with some companies to invoice vendors.
SUPLARI (Seattle, USA)
Industry: Financial Management, Machine Learning, and Software
Suplari lets its users manage their costs more effectively with the use of machine learning. Finance and operations departments can use the platform to learn more about spending trends, achieve savings goals, and find problem areas in which money is spent inefficiently.
OPPLOANS (Chicago, USA)
Industry: Mortgage, Lending
Opploans is there to help its customers to get personal loans. It’s very easy to fill in an application, and the process takes just a few minutes. In addition, clients often get lower interest rates. These loans can be used for such purposes as home and car repairs or medical emergencies, and so on.