The fintech sector has thrived recently because of the improvement in digital technology. Banking and financial services advanced when there are more tech-savvy generations and rare entities as fintech banks became the standard.
Banks, however, aren’t the sole financial entities implementing tech-driven modification. From digital loans and mobile securities offerings to e-commerce settlement platforms and digital currency exchanges, all of them originated from having access to digital financial.
Let’s take a look at these 43 fintech firms and startups to take a track and to have awareness more on how the current circumstance is.
CHIME
Industry: Fintech Digital Banking
Location: San Francisco, California
What it does: Chime, a vanguard digital fintech bank, grants not only no-fee and early receiving salary through direct deposit but also automatic savings accounts. Chime has become one of the US fastest-growing banks thanks to over one million activated accounts.
VARO MONEY
Industry: Banking
Location: San Francisco
What it does: Varo Money is a fintech company that helps customers be aware of their finance via its digital app and other tools. The app provides users information in detail on their spending habits and even allows them to remit immediately. Varo Money is a pioneering company that offers both checking and savings accounts which can be accessed via their completely apparent app. You can get a Varo debit card without a minimum balance. Moreover, there are no fees for overdrafts, overseas transactions or transfers.
BLEND
Industry: Fintech Lending Company
Location: San Francisco
What it does: Blend built a digital lending platform simplifying the loan process and granting users a detailed view of their finances. The automatic software is created and the lending processes for everything are promoted all based on this platform incorporating low-touch pre-approval processes with fast data verification tools. The blend also offers huge financial organizations, such as Wells Fargo, US Bank and BMO Harris and uses essential tools to implement loans’ billions of dollars every day.
BREX
Industry: Credit Cards
Location: San Francisco
What it does: Brex created firm credit cards that have 30-day payment cycles, high credit limits and raised rewards points on appropriate business purchases, especially for tech, e-commerce and life sciences enterprises. Tech companies can earn 7x points on cooperation tool purchases, 3x on food delivery and 2x on software purchases by using Brex’s services.
TRUEACCORD
Industry: Debt Collections, Machine Learning
Location: San Francisco
What it does: TrueAccord uses state-of-the-art methods such as texts and notifications to urge customer interaction and payback regardless of cold calling or assigning debt collectors. Besides, it not only helps thousands of firms collect debts reasonably by using machines but also offers users outstanding debts with a platform allowing them to set their own time, channel and payment schedules.
TRUEACCORD
Industry: Debt Collections, Machine Learning
Location: San Francisco
What it does: Tala provides people in some of the unreached countries in the world such as Kenya, the Philippines and Mexico credit access. The company ensures customers have no traditional credit history by using alternative data via its app.
PITCHBOOK
Industry: Venture Capital, Investments, Software
Location: Seattle, Washington
What it does: PitchBook, a financial software and data enterprise, grants information on public and private share markets. By due diligence research on private market intel, fundraising information and source investments, PitchBook uses its platform to give firms, investors, advisors and professionals a chance to approach new business opportunities.
AVANT
Industry: Fintech Lending Company
Location: Chicago, Illinois
What it does: Avant grants a loan service with the range from $2,000-$35,000 mainly for the middle-income class. The service enables customers to access funds to spend their expenses like debt or unpredictable bills. Customers can get a loan from Avant easily just within one day with a simple application.
BRAINTREE
Industry: Digital Payment Company
Location: Chicago, Illinois
What it does: Braintree, a division of Paypal, operates as a payment service provider for all levels of firms. Braintree helps these companies operating online and marketplaces increase security, prevent fraud and protect user information by accepting many payment forms.
ONDECK
Industry: Fintech Lending Company
Location: New York, New York
What it does: OnDeck is a company specializing in providing loan services mainly to businesses on a small scale. From its service, clients can receive funding fast by applying term loans and credit limits online in as little as one day.
FORWARD FINANCING
Industry: Fintech companies
Location: Boston, Massachusetts
What it does: Forward Financing, a fintech company providing working capital to small businesses in the US, uses its own exclusive technology to allow the businesses to have access to same-day financing. There are over 10,000 developing businesses that have been provided over $500 million by Forward Financing.
ENFUSION
Industry: Software
Location: Chicago, Illinois
What it does: Enfusion aids hedge funds, institutional asset managers and family offices with compliance, trading, risk management, operations and even accounting based on its completely integrated investment management platform. The company aims to improve operational effectiveness by offering its customers a full view of their companies.
MORNINGSTAR
Industry: Fintech Investments, Research
Location: Chicago, Illinois
What it does: Morningstar is a company operating in providing a range of services and products to help investors make their right decisions on investment by connecting them to professional-class financial research and information.
VERIFI
Industry: Software, Payments Company
Location: Los Angeles, California
What it does: Verifi, a company doing business in granting settlement protection methods and risk management offerings for companies of all sizes across multiple industries, helps cardholders, issuers and merchants access real-time data based on its own platform. Moreover, it also helps companies fight and stop chargebacks, securely process payments, battle fraud.
CIRCLE
Industry: Cryptocurrency
Location: Boston, Massachusetts
What it does: Circle is a crypto-financial company with the motto “money should be open and free, but secure”. The company has created products that enable customers to transfer money across countries and currencies and help them do business with new currencies.
OPTIVER
Industry: Investment
Location: Chicago
What it does: Optiver, an enterprise specializing in “market-making”, operates mainly in Chicago but its headquarter in Amsterdam. The company uses its platform to assist the buying and selling of stocks, bonds, options, etc. Besides, it also creates markets and offers additional liquidity to the stock exchange world.
TRANSFER WISE
Industry: Currency Exchange, Software
Locations: New York and London
What it does: TransferWise helps clients all over the world transfer their money at middle rates and without fees via its platform. Not only individual users, but also companies use TransferWise’s services to invoice providers with all the currencies.
SUPLARI
Industry: Financial Management, Software, Machine Learning
Location: Seattle
What it does: Suplari, a platform provider, has used machines to help customers manage their costs. Many companies have believed and used Suplari’s service to analyze, forecast and minimize their costs, such as Wayfair, Nordstrom and Spending Tree. Also, some of the departments such as Finance, procurement and operations can analyze spending trends, accomplish savings goals and especially they can find ineffective- spent areas.
OPPLOANS
Industry: Mortgage, Fintech Lending Companies
Location: Chicago
What it does: Opploans provides personal loans for customers so that they can pay for their utility bill, big purchases, emergency circumstance, v.v. Clients can get a loan for Opploans is an easy way because the application process just happened in a few minutes with the lower interest rates.
BILLTRUST
Industry: Payments Company
Location: Lawrenceville, New Jersey
What it does: Billtrust, a company providing payment management methods, makes it easy to boost the invoice-to-cash process, automate cash flow. Manufacturing, transportation, distribution and equipment companies use Billtrust’s platform to be more flexible and urge their strength in organization and operation.
GRAVITY PAYMENTS
Industry: Payments
Location: Seattle
What it does: Gravity Payments uses its digital payment platform, which rationalizes transaction transforms from credit cards to POS systems and even gift cards, to implement payment for small businesses with lower rates and effective processing approaches.
VENMO
Industry: Fintech Payment Companies
Location: New York, Chicago
What it does: Venmo is a place to help customers exchange their money. What do you have to do if you want to share a bill without credit cards or cash? Or you need to buy something but don’t have enough cash? Calm down, you totally deal with it thanks to Venmo’s app which makes it simple to remit from an individual’s account into other accounts, so that customers can follow their transactions in real-time.
COINBASE
Industry: Blockchain Finance, Bitcoin
Location: San Francisco, California
What it does: Coinbase provides clients a blockchain finance platform for trading and managing digital currency with secure access. Coinbase has been renowned thanks to its reliable service. The company has been present in 32 countries and turned more than $150 billion into various types of digital currency, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
ACORNS
Industry: Savings, Fintech Investments, Mobile
Location: Irvine, California
What it does: By connecting to a customers’ account, Acorn, which is a savings and investment mobile app, makes a change in transactions. IRAs, debit accounts and contents are one of the company’s products and services that allow users to learn about and make investments automatically when they continue.
ROBINHOOD
Industry: Stocks
Location: Menlo Park, California
What it does: Robinhood is an investment application with no physical locations enabling users to invest by a desktop or mobile device at no fee. Robinhood intends to create accessible investments for new traders who can’t quite swing the fees of a traditional broker because of lacking locations and personal account management.
ADDEPAR
Industry: Fintech Investments
Location: Mountain View, California
What it does: Addepar provides a performance reporting platform for individuals, private banks and wealth advisors. The company uses its platform to merge and manage all information of the investment sector, helps customers have a wider view and enables investors to make better decisions.
AFFIRM
Industry: Lending
Location: San Francisco, California
What it does: Affirm offers a lending platform for users so that they can pay for online purchases with the low-interest rates down to zero percent. Customers can even pay overtime for utility bills, meals and more by choosing packages ranging from three to 36 months offered by Affirm.
CARTA
Industry: Investments, Software
Location: Palo Alto, California
What it does: Carta provides a management platform for multi-type companies including investment enterprise. Its features help firms manage their operations, comply with SEC and IRS regulations, and keep an eye on company and staff equity.
GUARANTEED RATE
Industry: Mortgages, Lending Fintechs
Location: Chicago, Illinois
What it does: Guaranteed Rate is a provider of mortgage and lending service using digital approaches to assist home buyers and those needing current mortgages. Customers are allowed to get loans and register required documents online through Guaranteed Rate’s platform.
TRANSUNION
Industry: Credit
Location: Chicago, Illinois
What it does: TransUnion is originally a credit reporting agency, then it turned out to be a company providing diversified financial offerings and solutions for companies, governments and individuals. It offers information in detail aiming to help clients, firms and organizations make the right financial decisions by collecting data from many sources around the world.
COMMONBOND
Industry: Lending
Location: New York, New York
What it does: CommonBond provides a range of loans for unfinished and finished students from their first period of the university to the final period. Also, CommonBond cooperates with Pencils of Promise to pay tuition in the growing countries.
CREDIT KARMA
Industry: Credit Reporting
Location: San Francisco, California
What it does: Credit Karma is a company providing users at no fees to credit scores, managing and reports whenever they need. Credit Karma’s site creates new loans, insurance, credit opportunities and even deals with credit report miscalculations by using its data.
FUNDRISE
Industry: Real Estate
Location: Washington, D.C.
What it does: Fundrise specializes in investment real estate by using a platform to expand its portfolios based on stock and bonds. It acquired dozens of multi-million dollar real estate projects after operating years, however, only a $500 initial investment was used for a starter portfolio.
KABBAGE
Industry: Fintech Lending Companies
Location: Atlanta, Georgia
What it does: Kabbage is a financial enterprise offering service for small companies doing business online. Users can get a loan anywhere by using Kabbage’s app which offers a range of credit up to $250,000. Also, using its platform to help such companies develop and deal with their capital problems.
GREENSKY
Industry: Fintech Loan Companies
Location: Atlanta, Georgia
What it does: GreenSky provides loan services for both consumers and businesses. The company grants services for individuals not only in home loans, retail, healthcare, but also in financing options.
LENDING CLUB
Industry: Lending Fintechs
Location: San Francisco, California
What it does: Lending Club helps clients who need capital and wants to invest. Being a peer-to-peer and alternative investing service online, Lending Club helps investors and borrowers connect to each other so that the investors can offer loans and the borrowers can use these loans for paying essential things in their life.
NERDWALLET
Industry: Credit Cards, Mortgages, Insurance, Financial Investment
Location: San Francisco, California
What it does: Nerdwallet is an organization offering financial services and tools. Customers can make their right decisions and have up-to-date knowledge about finance, investment, insurance and banking through a wide spectrum of Nerdwallet’ products such as credit card, loan information and mortgage advice, v.v.
NETSPEND
Industry: Prepaid Cards
Location: Austin, Texas
What it does: Netspend creates services specializing for these consumers who have no traditional bank account or be affected by alternative banks. Especially, the company’s reloadable prepaid cards assist individuals and businesses in managing their finance.
PERSONAL CAPITAL
Industry: Software
Location: San Carlos, California
What it does: Personal Capital’s personal finance tools aid consumers to manage their accounts in one place at no fees. Working with Personal Capital, consumers will have a chance to be consulted by financial advisors. Besides, customers can be updated on net worth, portfolio balances, account transactions, investment returns and spending by account thanks to its dashboards.
STRIPE
Industry: Payment Companies, Software
Location: San Francisco, California
What it does: Stripe helps online firms manage their payments and online processes by its internet commerce platform specializing in e-commerce businesses and crowdfunding platforms, v.v. Pinterest, Warby Parker, Kickstarter, Instacart and Squarespace are one of the companies that have believed and used Stripe’s tool to develop their business.
WEALTHFRONT
Industry: Financial Investment
Location: Palo Alto, California
What they do: Wealthfront has created a method of automated investment, it helps consumers plan for any purpose in their life as travel, buy a car, v.v. By applying reasonable strategies and designing automated tools in investment, Wealthfront has built a multi-service portfolio and earned high revenues.
YAPSTONE
Industry: Digital Payment Companies
Location: Walnut Creek, California
What it does: Yapstone not only helps customers implement payment but also aids companies to integrate payment in a simple and comprehensive way. Many top enterprises have no doubt and use Yapstone’s platform to thrive, as HomeAway, Evolve Vacation Rental Network and RentPath.