UPDATED BY
Rose Velazquez | Jul 20, 2022

Fintech is a booming industry that’s on everyone’s mind, especially investors.

Though the sector saw a substantial drop in quarterly funding for the first three months of 2022, fintech still experienced record deal activity, according to CB Insights.

The explosion of fintech companies and startups isn’t surprising. As the tech-savvy Millennial generation has 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

  • Stripe
  • Klarna
  • Plaid
  • Robinhood
  • Chime
  • Cash App
  • Venmo
  • Affirm
  • Acorns

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 81 fintech companies and startups.

 

Fintech Companies to Know

Location: Fully Remote 

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.  

 

Location: Menlo Park, California

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.

 

Location: Boston, Massachusetts

Circle deals in digital currency guided by the principle that money should be open and free, but secure. Its products — including a wide selection of coins that allow users to easily transfer money across countries and currencies — help customers invest in new currencies.

 

Location: Fully Remote 

Mojito is an NFT platform that connects customers with NFT owners who offer access to top-notch merchandise, events, content and more. Leveraging the Mojito platform, organizations can complete transactions through wire transfers, ACH payments, cryptocurrencies and other flexible methods.

 

Location: Milwaukee, Wisconsin 

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. 

 

Location: Woodland Hills, California 

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. 

 

Location: Chicago, Illinois

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. 

 

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Location: Fully Remote

Paying for items has become an increasingly digital activity, so RevenueCat has developed the tools to manage and track this process seamlessly. Developers can leverage RevenueCat's technologies to design in-app purchases and subscription features. The platform also compiles data on customer habits and churn rates, allowing businesses to pinpoint issues and find ways to increase conversions. 

 

Location: New York, New York 

Morty is transforming the mortgage industry by digitizing the entire mortgage process. With an intuitive platform, customers can discover whether they qualify for loans in minutes and shape their loans around their needs. Morty’s Mortgage Experts can also assist homebuyers with any additional questions, ensuring a smooth experience from start to finish.  

 

Location: Chicago, Illinois 

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 fall under the Enova umbrella and continue to meet the diverse needs of everyday consumers. 

 

Location: New York, New York 

Bringing an advanced data-centric approach to investing, The D.E. Shaw Group keeps its clients ahead of the curve. The firm has spent over 30 years fine-tuning its computational and quantitative strategies. As a result, The D.E. Shaw Group has developed creative ways to leverage tools like Dask and IPython, helping clients avoid risks and make profitable investments. 

 

Location: Irvine, California 

Completing a mortgage is often a time-consuming process, so Cloudvirga has developed an innovative digital mortgage platform. Lenders can quickly produce quotes, collaborate with borrowers and automate administrative tasks. The methods of Cloudvirga’s platform trim down costs, making each mortgage a more seamless activity for all parties involved.  

 

Location: Fully Remote

To keep up with the latest shift in the SaaS landscape, companies are turning to the cutting-edge thinking of Turnstile. Turnstile descends from Second Measure, which secured $25 million from investors like Goldman Sachs and Y Combinator. Turnstile is helping businesses enjoy financial success by embracing usage-based pricing and modernizing their operations in the process.

 

Location: Chicago, Illinois

Growing financial firms need a way to manage clients and their information, so Advyzon delivers support with an advanced data solution. Cloud-based architecture enables companies to provide access to data through a client portal and mobile formats. As a result, teams can quickly generate financial reports, track accounts and complete billing transactions.

Read More15 AI in Banking Examples You Should Know

 

Location: Fully Remote 

To remove the stress that comes with paying rent, Flex has developed a mobile solution for customers seeking a customized payment process. Flex covers rent payments and enables customers to pay back amounts according to their schedules. With Flex, renters can avoid late fees and protect their financial health. 

 

Location: Silver Spring, Maryland

Everyday consumers can embrace money-saving habits with the thoughtful technology of Truebill, part of Rocket Companies. Its mobile app keeps customers informed by analyzing their spending activities, bills, subscriptions and credit scores. Truebill’s features then provide ways for customers to reduce unnecessary costs and automatically set aside savings, making it easier to reach solid financial ground. 

 

Location: Westlake Village, California

Pennymac equips customers with the knowledge and support to navigate the next chapter of their housing journey. Before confirming a decision, customers can access mortgage calculators, home value estimators, mortgage interest rate summaries and other online resources. Whether they’re leveraging Pennymac’s website or mobile app, customers can also access dedicated representatives to address any additional housing questions. 

 

Location: San Mateo, California 

Debt hampers countless consumers, so Freedom Financial Network is giving people a second chance to build a path to financial security. Through free consultations, debt and loan consultants can assess each customer’s financial situation and develop a personalized plan to pay off debt. Customers can track their progress through an intuitive online dashboard while receiving extra guidance from videos and blogs on Freedom Financial's website. 

 

Location: Rosemont, Illinois 

Big names have dominated the banking industry, but Wintrust Financial Corporation offers a more personalized approach. Customers can support their life goals with checking accounts, savings accounts, mortgages, credit cards and other financial tools. In addition, customers can look forward to a more connected banking experience with online and mobile banking options.

 

Location: Chicago, Illinois 

Boasting over a century of experience, Northern Trust has grown into a financial leader trusted by customers around the globe. From investing to wealth management, families, corporations and other entities can access a variety of financial services through Northern Trust. The institution blends extensive market data with cutting-edge technology, ensuring clients make decisions that place them on solid financial ground for years to come.   

 

Location: San Francisco, California 

Student debt often hinders those looking to enter the next chapter of their lives, so Earnest is easing the burden of paying for higher education. The company helps students find the lowest possible interest rates to chip away at years of potential debt. Customers can also set their loan terms, remove cosigners and consolidate loans. By prioritizing affordability and flexibility, Earnest is redefining the relationship between students and student loans. 

 

Location: Denver, Colorado

Western Union helps customers move currencies all over the world with a suite of financial tools. Leveraging the Western Union platform, users can initiate transactions online, through an app or over the phone. The institution has a strong presence in dozens of countries, allowing customers to transport money faster. As a result, Western Union makes managing money across long distances more efficient and secure.

 

Location: Fully Remote

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. 

 

Location: Fully Remote

People make purchases on a daily basis, but seldom do they understand how each transaction affects their financial health. Array is developing a more transparent and secure way to shop with its digital platform. Companies can provide shoppers with credit score visibility, identity protection and more personalized offers through the thoughtful tools of Array.

 

Location: Fully Remote

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. 

 

Location: New York, New York

Clyde offers an end-to-end product protection platform that helps people and businesses ensure that every transaction has a positive outcome for all parties involved. The company features several plans for business customers to choose from and a wide-ranging network of insurance carriers offering extended warranties and accident protection covering everything from warranty extensions to wear-and-tear, water damage and accidents for up to five years — increasing trust between businesses and their customers.

 

Location: Boulder, Colorado

IHS Markit, part of S&P Global, provides data and visualization services that allow companies to better understand rapidly changing financial markets and make better investment and spending decisions. From data and analytics solutions to post-trade processing, investor relations, corporate governance and country risk products, IHS Markit Digital allows organizations to navigate complexities and achieve greater success across the enterprise.

 

Location: Fully Remote

No one enjoys making loan payments, but Above Lending is providing a smooth, consolidated process with its cutting-edge technology. The company has developed a platform where customers fill out a quick application, receive loan options that match their needs and complete payments online. It’s a convenient way to take care of debt while removing some of the headaches of the payoff process. 

 

Location: Boston, Massachusetts

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 2,200 businesses.

 

Location: New York, New York

MANTL works with banks and credit unions to optimize back office tasks and grow deposits by integrating an omnichannel account platform within their core. The company provides financial institutions with vital tools that help customize user experience and branding, provide data visualization tools and automate KYC decisions to increase conversions and automate deposit operations.

 

Location: Seattle, Washington

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.

 

Location: New York, New York

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.

 

Location: New York, New York

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.

 

Location: Marina del Rey, California

Spring Labs facilitates secure information transferring between businesses, making use of powerfully transparent blockchain and real-time data ledger technology. The platform allows businesses to reduce fraud by validating identities with a variety of products and income stability indicators, protecting consumer data and streamlining the credit transaction approval process.

 

Location: San Francisco, California

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.

 

Location: Lenexa, Kansas

TrueAccord 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.

 

Location: Fully Remote

Coinbase is an online platform for buying, selling and managing digital currency that provides users with secure mobile access to their digital assets. Coinbase supports 32 countries and has exchanged more than $150 billion in various forms of digital currency, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

 

Location: Seattle, Washington

PitchBook is a financial software and data company that provides information about public and private equity markets. The platform enables companies, investors, advisers and professionals to capitalize on new business opportunities via due diligence research on private market intel, fundraising information and source investments.

 

Location: Amsterdam,  The Netherlands

Optiver is a trading firm focused on “market making.” Not only does the company facilitate the buying and selling of stocks, bonds, futures, options, etc., but it also builds markets and provides extra liquidity to exchanges all over the world.

 

Location: Boston, Massachusetts

Forward Financing provides working capital to small businesses in the United Sates using its own proprietary technology to allow businesses access to financing as soon as the same day. The company has provided over $500 million to more than 10,000 growing businesses.

 

Location: San Francisco, California

Varo is a digital consumer bank using its app and other fintech tools to help users get a more complete look into their finances. The digital-first company offers both checking and savings accounts, which can be accessed through their fully transparent app. The app gives users insights into spending habits and allows for instant money transfers. There isn’t a minimum balance required to receive a Varo debit card, and there are zero fees for overdrafts, foreign transactions or transfers.

 

Location: Chicago, Illinois

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.

 

Location: Chicago, Illinois

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.

Further ReadingA Guide to E-Wallets

 

Location: Los Angeles, California

Verifi offers payment protection solutions and risk management services for companies of all sizes across multiple industries. The company's platform lets cardholders, issuers and merchants access real-time data that provides quicker resolutions. Verifi also helps companies fight and stop chargebacks, securely process payments, battle fraud and increase billings.

 

Location: New York, New York

JPMorgan Chase is one of the world’s largest financial institutions, with operations ongoing in more than 60 countries and roots dating back as far as 1799. The JPMorgan brand serves corporations, governments, wealthy individuals and institutional investors around the globe, while Chase is the company’s U.S. consumer and commercial banking subsidiary. The company says it invests $12 billion annually in technology such as applying AI and machine learning to banking.

 

Location: Fully Remote

Personal Capital, an Empower company, provides free personal financial tools to help users manage all of their accounts in one place. The platform’s dashboards display insights like net worth, portfolio balances, account transactions, investment returns and spending by account. The company also facilitates access to financial advisers.

 

Location: Mountain View, California

Addepar is a wealth management platform used by families, private banks, wealth advisors and broker-dealers. The platform consolidates and manages all information across the investment world, providing a broader view and allowing investors to make more informed decisions.

 

Location: Fully Remote

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.

 

Location: San Francisco, California

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.

 

Location: Chicago, Illinois

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.

 

Location: Chicago, Illinois

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.

 

Location: San Francisco, California

LendingClub describes itself as “America’s largest lending marketplace.” Members can apply online for custom loan options and the money can be sent either directly to the member’s bank account or to their creditors. The company also provides banking and investing services.

 

Location: Palo Alto, California

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.

 

Location: Fully Remote

Tala provides credit access to people in underserved parts of the world like Kenya, the Philippines, Tanzania and Mexico. Through its app, the company employs alternative data to underwrite potential users that have no traditional credit history.

 

Location: Chicago, Illinois

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.

 

Locations: London, England

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.

 

Location: Lawrenceville, New Jersey

Billtrust provides payment cycle management solutions to business services, manufacturing, transportation, distribution and equipment companies. Billtrust aims to accelerate the invoice-to-cash process, automate cash flow, give a company’s customers more flexibility and enhance organizational and operational efficiency.

 

Location: San Francisco, California

Carta is a management platform for private and public companies as well as investment firms. Its products help businesses manage and track company and employee equity, manage portfolios and back office processes and keep current with SEC and IRS regulations.

 

Location: San Francisco, California

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.

 

Location: New York, New York

Current makes financial services more accessible. The company’s direct deposit feature lets users get paid as much as two days faster, and they can overdraft up to $200 without any fees. Current also has a network of more than 40,000 ATMs its customers can use without paying fees.

 

Location: San Francisco, California

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.

More ReadingIoT In Fintech: 11 Examples You Should Know

 

Location: Amsterdam, The Netherlands

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 payment and more. Spotify, Uber, ebay and Microsoft have been among the brands that have worked with Adyen.

 

Location: Seattle, Washington

Suplari uses machine learning to help users better manage their costs. Finance, procurement and operations departments can use the company’s platform to analyze spending trends, hit savings goals and find areas where money is being inefficiently spent. Wayfair, Nordstrom and Spending Tree are a few of the companies that have used Suplari’s platform to analyze, predict and cut down on costs.

 

Location: Los Angeles, California

BLX Group provides nonprofits and government organizations with compliance consulting, investment and financial advisory services. The company offers a wide range of investment and regulatory advice to help organizations invest their time and money more wisely.

 

Location: Seattle, Washington

Gravity Payments is a payment processing platform for small businesses that features lower rates and flexible processing solutions. The company’s platform streamlines financial transaction processing for everything from credit cards to point-of-sale systems and gift cards.

 

Location: New York, New York

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

 

Location: Irvine, California

Acorns is a savings and investment mobile application. Linked to a user’s financial accounts, it invests change from purchases in a diversified portfolio. Other products and services include IRAs, debit accounts and informational content that enables users to invest automatically and learn as they go.

 

Location: Fully Remote

Blend’s digital lending platform simplifies the loan process and gives consumers a more transparent look into their finances. The platform combines low-touch pre-approval processes with quick data verification tools to create a software that automates and expedites the lending process for everything from mortgages to car loans. Blend has provided major financial institutions like Wells Fargo, US Bank and BMO Harris with the tools they need to process billions of dollars of loans each day.

 

Location: San Francisco, California

Digit is on a mission to make financial health more attainable with a digital solution that makes budgeting, investing and saving easier. The company’s app incrementally moves small amounts of money into a savings account categorized by user-specific goals, such as retirement and vacation. Digit is powered by a machine learning engine to take spending patterns and income into account when moving money and considers goals, balances and bills so users are never left with too little cash on-hand.

 

Location: Chicago, Illinois

Guaranteed Rate is a mortgage provider and lending service that offers digital solutions to home buyers and those looking to refinance existing mortgages. The company's digital home mortgage enables customers to receive loan approval as well as upload and sign required documents — all online.

 

Location: New York, New York

CommonBond puts AI and automation to work for providing customers with solar financing options. The process includes real-time support via text, phone, email and chat. CommonBond also partners with Pencils of Promise to cover educational costs for children in the developing world.

 

Location: Washington, D.C.

Fundrise is a platform that helps expand stocks-and-bonds-based portfolios to include real estate investments. Although it features dozens of multi-million dollar real estate projects, starter portfolios require only a $500 initial investment.

 

Location: Atlanta, Georgia

Kabbage, an American Express company, provides financing options for small businesses online. Because access to capital is a major pain point to small businesses, Kabbage allows companies to grow by hiring more employees, increasing marketing or buying more inventory. The company offers lines of credit up to $250,000 and lets users apply anywhere through its mobile app.

 

Location: Atlanta, Georgia

GreenSky is a consumer- and business-facing loan service. Besides providing home improvement loans to individuals, the company helps businesses in the healthcare, retail and home improvement markets offer financing options to customers.

 

Location: San Francisco, California

Nerdwallet provides a host of financial tools and services, including credit card and bank comparison, investing how-tos, loan information and mortgage advice. The company's services help consumers navigate the congested and often confusing worlds of finance, investment, insurance and banking.

 

Location: Austin, Texas

Netspend's products allow individuals and businesses to manage money through reloadable prepaid cards. The company's services are especially useful for those who lack traditional bank accounts or rely on alternative banking methods.

 

Location: San Francisco, California

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.

 

Location: Walnut Creek, California

Yapstone's comprehensive payments platform aims to simplify global transactions and payment integration for industry-specific businesses. It powers leading marketplaces and companies like HomeAway, Evolve Vacation Rental Network and RentPath.

 

Location: Chicago, Illinois

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.

 

Location: Stockholm, Sweden

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.

 

Location: Austin, Texas

Chipper’s app provides tools to student loan borrowers. Its products help users find out if they qualify for loan forgiveness, lower their payments and put a dent in their loans by directing the spare change from daily transactions and deposits toward paying off loans.

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