The speed with which technology progresses is exhilarating, and we’ve come to enjoy its benefits in nearly every aspect of our lives. From how we travel to how we shop for clothes, there’s no shortage of ways that technology has made our lives easier and better. But when it comes to dealing with our money, we still come to accept dated systems and antiquated methods of managing money. While the world’s techies are building self-driving cars and new space technologies, many of us still pay our rent with paper checks.
However, while the finance industry can be behind the times, that only means there is ample opportunity for fintech companies to forge new frontiers. Home to financial leaders like The Vanguard Group and Fiserv, Philadelphia is a fertile site for fintech entrepreneurs looking to integrate technology with our wallets. Philadelphia’s financial tech leaders are dreaming up new ways for us to lease household items, engineering payment platforms for healthcare organizations, helping Fortune 500 companies better strategize their financial directions, and much more. Whatever the cause, these 10 financial tech companies in Philadelphia aim to help us balance our budgets and have more peace of mind.
Financial Tech Companies In Philadelphia To Know
- InstaMed
- Invent Analytics
- Odessa Technologies
- LEAF Commercial Capital
- Synario
- Houwzer
- Life.io
- JPMorgan Chase
Founded: 2013
What they do: Cash App is a fintech platform that allows users to send and receive money, set up a Cash Card, access discounts and manage investments. Users can opt to link a bank account, deposit cash through certain retailers or set up direct deposits to add money to their Cash App balance.
Founded: 1799
What they do: JPMorgan Chase gives groups the financial and critical-thinking tools needed to thrive in today’s world. Customers around the globe can manage their investments with a suite of digital financial features. However, JPMorgan Chase goes beyond the individual level with its mission. The financial institution is committed to studying racial gaps in financial outcomes, sustainability, and a range of other issues.
Founded: 2004
What they do: Payment processing for medical services can be messy, but InstaMed aims to help healthcare organizations better organize their financial operations and increase patient satisfaction. Offering a platform for both providers and patients, InstaMed's software streamlines bill payment, electronic payment transfers, employee compensation, analytics gathering and other necessary operations. The company's scalable, cloud-based technology can be integrated with pre-existing platforms, and helps organizations maintain better control over their asset flow and increase their ROI.
Founded: 2013
What they do: Invent Analytics teams up with companies in the retail industry to offer them software for pricing and inventory management. The company produces fintech products designed to increase business profitability, helping enterprises harness data and analytics to guide their pricing decisions. With Invent Analytics’ tools, retailers can develop inventory strategies informed by their customers and market forecasts, giving them the ability to reach maximal success.
Founded: 1998
What they do: Odessa Technologies works with some of the country's leading financial and leasing institutions to provide a lease management software platform that transforms the logistics and accounting operations powering lending. Their two primary focuses are fleet management and equipment finance leasing, and their technology empowers their partners to maintain up-to-date compliance and reporting to gain better insight into their leasing processes. The company's centralized platform helps lending companies across a variety of industries secure control over their financial and physical assets.
Founded: 1995
What they do: LEAF Commercial Capital offers companies an automated platform with which they can more easily gain access to and rent equipment and technologies. With over 200,000 customers and $8.7 billion financed, LEAF Commercial Capital teams up with small local businesses, Fortune 500 companies and everyone in between to make essential assets and equipment easier to obtain. Their technology helps companies across the country gain access to the funds and flexible capital they need to get their ideas off the ground.
Founded: 1999
What they do: Synario's fintech solutions offer CFOs access to agile financing options with which they can create flexible plans and strategies for their businesses. Their software platform helps provide clarity and insight into the relationships between companies and their respective markets, delivering a guidebook with which CFO's can map their financial trajectories. Formed in 1999 by Kel Hoffmann and Anne Martinez, Synario today serves over 150 customers in eight key industries across the nation.
Founded: 2015
What they do: Houwzer delivers an integrated financial management software platform to organizations in the real estate industry, helping homeowners maximize their ROIs when selling and buying. Their platform simplifies the entire home buying transaction process, streamlining the flow of assets and financials between sellers, brokers and buyers. In addition to their patented technologies, Houwzer boasts a team of skilled, salaried real estate agents who can help customers while navigating the home buying and selling processes.
Founded: 2012
What they do: Life.io partners with life insurance teams to help them educate their customers on their health and financial options, making it easier for insured clients to understand their plans and make more informed decisions. Their patented application, Life.io Engage, helps customers in understanding how life insurance can benefit them, helping insurance companies increase retention rates and deliver the best services possible to their clients.
Founded: 2018
What they do: Nth Round specifically hones in on liquidity and private finance, and their team has worked to develop a comprehensive equity management platform that companies can use to gain insights into their equity, shareholders and asset management. Their fintech platform provides companies with the ability to gain full visibility into the state of their equity, with additional tools to oversee shareholder engagement and regulations compliance. Nth Round seeks to empower companies to maintain good relationships with their shareholders by leveraging technology to ease communication.