San Francisco is undoubtedly world leader in fintech innovation. The Bay Area has become synonymous with financial innovation because of its fertile ecosystem of multi-billion dollar unicorns, recently developed startups and everything in between. Whether it’s banking software, money transferring tools, progressive credit reporting or insurance, San Francisco has the experience, talent and passion to innovate.
Check out Bay Area’s leading fintech companies making their mark on the future of finance.
Fintech Companies in San Francisco to Know
- Chime
- Cash App
- AfterPay
- Stripe
- Plaid
- Clover Network
- Affirm
- Toast
- Kickoff
- Opendoor
Top Fintech Companies in San Francisco
Founded: 2013
What they do: Chime is a mobile banking app that gives users perks like no hidden fees, early direct deposit and automatic savings. The banking app gives users the ability to track account balances, receive instant transaction alerts and even transfer money to friends. Meanwhile, in order to build up a substantial passive savings over time, Chime’s automatic savings tool deposits either the roundup amount of the nearest dollar for each transaction or will transfer 10 percent of every paycheck.
Founded: 2013
What they do: Cash App started as a peer-to-peer instant money transfer service and has grown into a financial institution that serves over 50 million users with features like paycheck deposits, loans and tax filing. By increasing access to financial services across the spectrum of socioeconomic status, Cash App seeks to democratize the financial services industry.
Founded: 2010
What they do: Stripe is a financial infrastructure company that enables businesses to accept digital, in-person and recurring payments. In addition to payment processing, it uses AI to detect and block fraudulent activity. Stripe recently partnered with OpenAI to develop an agentic commerce protocol, which enables ChatGPT users to seamlessly find and purchase products from select retailers without leaving the platform.
Founded: 2013
What they do: Plaid provides an API that enables consumers to securely connect their bank accounts with external sites. For example, an investment platform may use Plaid as an intermediary for users to connect their bank accounts and transfer money without manual verification and microdeposits. According to the company, Plaid can also enable faster payments and prevent fraud.
Founded: 2011
What they do: Toast’s array of restaurant solutions are designed to make serving customers, running kitchens and overseeing employees more efficient. Its product lineup includes a point-of-sale system along with compatible hardware devices for managing orders, sales and payments. The company also provides food and drink establishments with solutions for setting up online ordering and table reservation systems as well as handling payroll.
Founded: 2009
What they do: Recurly is a financial platform specifically designed for subscription-based services. The company’s platform uses machine learning to improve billing continuity and decrease user churn, so subscription services can focus on their product and maximize revenues. Sling, Twitch, and BarkBox are just a few of the major subscription-based companies that use Recurly’s platform to manage their complicated billing processes.
Founded: 2017
What they do: Brex is a credit card specifically designed for startups and tech companies of all industries and sizes. The card features 10-20x higher credit limits than traditional cards, automated expense reporting and spending analysis and uncapped rewards points. Recently incorporated startups and larger tech companies, such as Boxed, SoFi and Carta, use Brex to manage their company expenses.
Founded: 2019
What they do: Attain serves as an opt-in purchase platform that marketers can use to assess their strategies. It runs apps that include financial services that customers can gain tools or rewards for in exchange for sharing their consumer data. The company analyzes this data in a market research capacity. It has an office in Redwood City.
Founded: 2012
What they do: Credible is a multi-lender marketplace that allows for loan seekers to sift through competitive offers to choose the plan that best suits their needs. Platform users seeking anything from student loan refinancing to mortgages fill out a short questionnaire, and will receive pre-qualified offers from up to 10 lenders. Credible also released a credit card recommendation platform that takes spending, credit scores and other factors into account in order to recommend a credit card that optimally suits each individual need.
Founded: 2012
What they do: Carta helps businesses, investors and employees manage their equity ownership. For private companies, its platform enables businesses to create and administer employee stock options. Meanwhile, for publicly traded companies, Carta can help with secondary transitions and even guide businesses through the IPO process.
Founded: 2018
What they do: Figure provides consumer financial solutions to help users access cash using equity. The company leverages blockchain and artificial intelligence to help users access home equity lines of credit, lower-rate mortgage refinancing and personal loan alternatives. Figure’s loans are generally used for home improvements, debt consolidation and even retirement planning.
Founded: 2012
What they do: Ripple uses blockchain to streamline global money transfers. RippleNet connects banks and payment providers to provide lower cost transfers with minimal processing times. By using blockchain, Ripple is able to process and transfer liquidity across a variety of global currencies (like Euros, USD and Japanese Yen) in seconds.
Founded: 2015
What they do: Varo is a mobile banking app featuring no-fee accounts, high-interest savings accounts and personal loans. With the app, users have access to more than 55,000 ATMs at no extra cost, no foreign transaction fees, no monthly charges and they can get their paycheck two days earlier through direct deposit. Varo savings account holders have the opportunity to save up to 2.8% APY without the burden of having to make certain purchases or maintaining a minimum balance.
Founded: 2012
What they do: Coinbase is a digital currency platform that allows users to buy, sell and manage their cryptocurrency portfolios. The company gives users insights into real-time and historic pricing, time-delayed storage vaults for security and the ability to set up recurring buys to passively build portfolios. Coinbase offers users the ability to buy and sell hundreds of cryptocurrencies, including popular currencies like Bitcoin, Ethereum, Tether, Monero and Dash.
Founded: 2020
What they do: Opto Investments has offices located in San Francisco and New York City. The fintech company focuses on aiding fiduciaries with their investment in private markets. Its branded investment platform has workflows that are meant to save time, minimize paperwork and ease the private markets investment process.
Founded: 2015
What they do: Navan’s corporate travel and expense management solutions have uses for small businesses all the way through global enterprises. For example, its platform provides real-time insights on corporate card spending and employee reimbursements, which can drive policy and business decisions. Navan started out as a corporate travel platform, but through acquisitions and the incorporation of advanced technologies like artificial intelligence, it has since grown into a “multi-faceted business solution.”
Founded: 2012
What they do: Affirm is a fintech company that partners with more than 2,000 online stores to offer buyers flexible installment loan payment options. Instead of making expensive, one-time payments up-front for everything from shoes to furniture, consumers can use Affirm’s payment plans to gradually pay off their purchases over a 6-18 month period. The fintech unicorn has partnered with well-established brands, like Peloton, Adidas, Molekule, Rad Power Bikes and YETI, to offer flexible payment options for their products.
Founded: 2020
What they do: Finch offers an API that supports a unified employment ecosystem. Its technology securely connects systems for managing HR operations, payroll and benefits to one another and to employee data. For example, companies in the B2B fintech space can use Finch’s HR and payroll integration capabilities to ensure their platforms are able to provide businesses with insights based on comprehensive financial and employment data.
Founded: 2016
What they do: January offers “humanized debt collection” services through its platform, which allows borrowers who have fallen behind on payments to set up a plan to pay off their debt. It says its digital-first approach helps creditors increase recoveries. The company has its San Francisco office in the Financial District.
Founded: 2002
What they do: Achieve, a subsidiary of the Freedom Financial Network, is a family of financial brands backed by industry experts that offer individualized advice, education, and customer-centric solutions for debt settlement, personal and consolidation loans, mortgage loans or a combination. The company’s goal is to help every day Americans move forward toward financial freedom.
Founded: 2014
What they do: Afterpay is a “buy now, pay later” platform that allows customers to purchase and receive products, then pay them off over installments. The platform allows buyers to pay four interest-free installments on purchases from brands like Adidas, Fenty Beauty, Ulta, Marc Jacobs and DSW.
Founded: 2019
What they do: Consumers can get approved for a Kikoff credit account the same day they sign up. Once they use that account to finance a purchase, they’ll work to pay off the balance over time, which gets reported to credit bureaus and helps members build credit. Consumers can also earn cash back rewards and improve their credit score by making purchases with a Kikoff secured credit card. Kikoff says its members see an average 28-point increase in their credit score after the first monthly payment.
Founded: 2013
What they do: TrueML uses machine learning to streamline debt collection. The platform connects millions of data points to predict a consumer’s reaction to communication frequency, timing and content. Once a profile is built on a consumer, the platform will generate omni-channel messages and will track which messages a consumer interacted with and determine a course of action for collecting debts from there.
Founded: 2009
What they do: Tradeshift is a cloud-based fintech platform that assists supply chain buyers and suppliers. The company’s platform helps supply chain parties manage invoices, payments and procurement all in one place.
Founded: 2014
What they do: Opendoor is dedicated to making the home buying and selling processes easier for all parties involved, operating a digital, end-to-end process that unifies all parties and eliminates unexpected costs and confusion. Trusted by over 85,000 buyers and sellers to date, Opendoor allows users to browse homes, request offers on their properties, review pricing, access financial resources and connect with agents, vendors and builders — all within a single platform.
Founded: 2009
What they do: Block provides financial services and offers an integrated suite of technology solutions. Its products include Square, which features commerce solutions for sellers, Cash App, for streamlining stocks and bitcoin investments, TIDAL, made to support artists as entrepreneurs and TBD, an open-source platform designed to increase access to the global economy.
Founded: 2016
What they do: Ethos is a life insurance company using big data and technology to offer affordable, individualized policies. After choosing coverage options (debt, mortgage, income, education, etc.) and filling out a short questionnaire, policy seekers are presented with options that are customized based on each need.
Founded: 2012
What they do: Aura provides credit-building loans to underbanked or low income communities. Instead of relying on credit score alone, Aura takes into account several other factors when issuing a loan and provides borrowers with personalized financial information to make sure they take concrete steps to improve their scores. To date, Aura has reported that the average borrower’s credit score rose by 312 points from the first to the second loan.
Founded: 2010
What they do: Located in the Sunnyvale area, Clover Network operates an open-network point-of-sale network that helps small-to-medium sized businesses run their businesses more efficiently. Created for food and beverage, retail and service-based businesses alike, Clover Network features support for payments, invoicing, employees, gift cards, online ordering and virtual terminal creation, with mobile POS hardware and powerful analytics available so businesses can continue to optimize efficiently.
Founded: 2016
What they do: Better.com has streamlined the mortgage and real estate process to eliminate unnecessary steps, hidden fees and time-wasting appointments. The company’s platform includes zero commission fees, instant loan estimates and transparent step-by-step insights into where you are in the real estate process. Better.com matches clients with real estate agents who can best suit each client’s individual needs. To date, Better has funded more than $19 billion in loans.
Founded: 2015
What they do: Airwallex provides a global payment platform built with tech-led infrastructure. It offers embedded finance APIs, multi-currency payment acceptance, global business accounts and AI-powered spend management. The company has a hybrid office in San Francisco’s Financial District.
Founded: 2020
What they do: Alt is innovating the ways in which people keep track of their investments, focusing on providing valuation of alternative assets like sports cards. The platform makes it simple to understand the valuation of assets in real time and facilitate trades with other users, with liquidity and loan-against-portfolio services available from Alt as well.
Founded: 2012
What they do: Blend is a software-based platform helping lenders speed up and simplify applications for loans and mortgages. The platform cuts processing times by up to 50% with tools like omnichannel customer engagement, automated risk management features and AI for application analysis and prediction. The Blend platform is used by global banks, like Wells Fargo and U.S. Bank, to process more than $2 billion in loans each day.
Founded: 2011
What they do: Metromile is a car insurance company designed for low mileage drivers. Instead of traditionally paying a rigid fee each month no matter if you drive thousands of miles or your car sits in the driveway, Metromile bases their plans on car usage. The company charges a base fee as low as $29 a month and then charges drivers six cents per mile driven in the month. On average, Metromile has saved customers $741 a year.
Founded: 2013
What they do: Formerly known as LendingHome, Kiavi offers flexible, short-term loans for real estate investors looking to finance the purchase and rehab of an investment property. With a range of rental, new construction and “fix-and-flip” funding options, the company’s loans offer greater liquidity and scalability than traditional loans. To date, Kiavi has financed more than 85,000 20,000 investment projects and has loaned more than $23 billion to rehabbers.
Founded: 2021
What they do: Gynger’s solutions allow businesses to access quality tech tools without hurting their cash flow. Businesses can apply for flexible payment terms and once approved, they upload invoices for their tech purchases to Gynger, which pays the vendor upfront and then lets the customer choose a repayment plan. The company hires remotely in San Francisco.
Founded: 2006
What they do: Adyen is payment platform that allows client companies to take payments online and in person. Its platform accepts card payments, digital wallets and more from consumers while enabling its customers with end-to-end payment capabilities and data-driven insights. Adyen partners with enterprise giants like Microsoft, eBay and Uber.
Founded: 2014
What they do: Bolt is a checkout experience platform helping e-commerce companies to use 1-click checkout processes to boost customer conversion and retention rates. The company’s platform eliminates unnecessary checkout fields, automates contact information insertion and has 100% coverage on fraud chargebacks. Bolt is currently being used by well-known e-commerce brands, like Dita, Akira and Polywood, to process and manage online payments.
Founded: 2014
What they do: Synapse is a platform that allows for fintech companies to build and launch products. Businesses looking to develop new products safely and efficiently use Synapse to design everything from platforms that issue loans and credit cards to apps that send wire payments and even maintain savings accounts.
