The fintech industry is budding each year, and the financial solution providers need to fill the gaps in the marketplace. The fintech startups innovatively fulfill customers’ demands and are shaping the forthcoming finance domains.

Fintech companies raised around $94.7 billion worldwide in funding and investments in the initial three quarters of 2021.

We have listed the leading fintech startups across diverse domains: Banking, Investment & Wealth Management, Digital Payments, Financing, Blockchain, and Mortgage Lending.

22 Growing Fintech Startups to Watch For in 2022

1) Starling Bank

Fintech Startup Type: Banking

Year founded: 2014

Location: Headquartered in London with offices in Cardiff, Southampton and Dublin.

Employees: 501 to 1000

Total Funding and Investments: $922 million

About this Fintech Startup:

Starling Bank is an entirely licensed consumer bank. It provides personal, joint, and teen financial accounts with a child card and various lending products.

The bank also offers payment services through its Banking-as-a-Service business model on the entire technology platform enabling banking operations. The Starling Marketplace provides consumers in-application access to a range of 3rd party monetary services.

Technology Stack Used for this Fintech Startup: 

• The bank deploys Java technology services with an entrenched web server interior to Docker containers.
• They organize their estate leveraging CloudFormation and homegrown scripting.
• They utilize Nginx load balancer and ELBs.
• They use an ELK technology stack for logging and other tools for tracking.
• They utilize Swift for iOS and Java for Android mobile applications on the client-side.

2) M1 Finance

Fintech Startup Type: Investment & Wealth Management

Year founded: 2015

Location: Chicago, Illinois

Employees: 201 to 500

Total Funding and Investments: $323.2M (Series E)

About this Fintech Startup:

M1 Finance is a money management application. It allows borrowing low-cost line credit and leverages digital banking services. Its customers can capitalize on ETF and custom stock portfolios.

The application earns $25M per year in total revenue and possesses 35,000+ 5-star reviews on App Store and Google Play.

Technology Stack Used for this Fintech Startup:

• The company leverage 23 technology products and services.
• The stack includes HTML5, Google Analytics, and Google Fonts.
• They use 54 technologies for their web portal, comprising Viewport Meta, iPhone Compatible Solutions, and SPF.

3) Tide

Fintech Startup Type: B2B Banking

Year founded: 2015

Location: Headquartered in London, UK. With offices in Hyderabad, India and Sofia, Bulgaria.

Employees: 251 to 500

Total Funding and Investments: $195.2 Million

About this Fintech Startup:

Tide is one of the topmost providers of UK SME business accounts and a quickly growing FinTech. Tide is revolutionizing the business banking marketplace.

Their fintech platform provides access to business accounts, banking solutions and practical admin tools to empower businesses.

They leverage innovative technologies and offer complete integration with diverse accounting systems. By using modern-day technology, all financial solutions are developed, keeping different SMEs as target businesses.

Technology Stack Used for this Fintech Startup:

Tide has a technology centre in Hyderabad mainly for in-house software development.

• The company is working on an advanced data stack to view customer activities comprehensively.
• The in-house team is working on advanced machine learning solutions to enable banking solutions.
• The business financial platform of the company built by their team provides business accounts services and entirely integrated administrative solutions.

4) Dwolla

Fintech Startup Type: Digital Payment

Year founded: 2008

Location: Headquartered in Des Moines, Iowa

Employees: 51 to 100

Total Funding and Investments: $72.4 million

 

About this Fintech Startup:

Dwolla assists innovative companies in enabling account-to-account payment services. The company declared its integration Partner Program in 2019, which provides unified technical blends between Dwolla, the partner, and their mutual customer base to facilitate digital payments.

With nominal development, startups to Fortune 500 organizations can have competence, suppleness, and enhanced cash flow by partnering with Dwolla.

Technology Stack Used for this Fintech Startup:

• Dwolla leverages 31 technology products and services comprising HTML5, Google Analytics, and jQuery.
• The company is dynamically using 58 technologies for its web portal. These incorporate SPF, Apache, and LetsEncrypt.

5) Figure

Fintech Startup Type: Currency and Exchange

Year founded: 2018

Location: San Francisco, California

Employees: 201 to 500 

Total Funding and Investments: $1.6B (Series D)

About this Fintech Startup:

The company is a financial service provider with a platform enabled by blockchain for both personal and business usage. Figure provides innovative financial products blended with services like mortgages, home equity, and loans for its customers.

They even assist with asset management, cap table management, and marketplace solutions. Their fintech solution has functionalities that facilitate private companies to comprehensively attain, direct, and enable trade on their platform.

Technology Stack Used for this Fintech Startup:

• Figure’s in-house team works on blockchain technology to enable their services and operations.
• The company leverages technology products and services comprising HTML5, Google Analytics, and jQuery.
• Figure is dynamically utilizing 51 technologies for its web portal. These comprise Viewport Meta, iPhone Compatible, and SPF.

6)   Stockal

Fintech Startup Type: Investment and Wealth Management

Year founded: 2016 

Location: New York, USA

Employees: 51 to 200

Total Funding and Investments: $5.8M (Seed)

About this Fintech Startup:

The organization started as a stock advisory company to offer research services to financial investors. The startup then transformed into a digital infrastructure organization.

The new objective was shaped to assist retail investors in investing in global marketplaces. The company plans to expand operations into Southeast Asia and the Middle East.

Technology Stack Used for this Fintech Startup:

• The company has built its stocks, ETFs, stacks, and cash management tools through its in-house technology team.
• Their in-house share trading platform enables investors to invest in global marketplaces through a single account.
• The company has started investing in technology firms benefitting from their financial software solutions, proven hardware, OTT and Cloud platforms.

7) Venmo

Fintech Startup Type: Digital Payment

Year founded: 2009

Location: New York, USA

Employees: 51 to 100

Total Funding and Investments: $1.3 Million

About this Fintech Startup:

The company built a payment solution that is easy to use, integrated, and seamlessly connected to other financial entities. It has grown to firmly back the go-to digital wallet used by millions.

What initiated as a straightforward SMS solution platform to send and get funds has advanced into a social payment application enabling people to pay swiftly, split and share their payment experiences on digital platforms. Leading organizations that use the Venmo platform comprise Uber, Lululemon, Poshmark, Urban Outfitters, and Forever 21.

Technology Stack Used for this Fintech Startup:

• The company’s technology stack enables Social Payments, Mobile Payments, Text Message Payments, and P2P Payments.
• The company leverages JavaScript, jQuery, Python, React, PHP, Java, Ruby, Swift, and technologies like Shell, Lua and Perl.

8)   PayPal

Fintech Startup Type: Digital Payment

Year founded: 1998

Location: Headquartered in San Jose, CA

Employees: 10,000+

Total Funding and Investments: $216 Million

About this Fintech Startup: 

PayPal is a global organization and community working mutually to turn digital financial services and online commerce more reasonable, cost-effective and safe. The company provides secure payment solutions for goods and digital shopping worldwide. PayPal Commerce Platform support selling online and maturing your business.

PayPal was launched in 1998 and later acquired by eBay in 2002. The company presently has 361 million active users and uses its technology platform to back its staff, clients and immense community worldwide.

Technology Stack Used for this Fintech Startup:

• PayPal technology team uses React, Node. JS, Kraken framework with JavaScript for enabling the frontend.
• The backend technology stack is facilitated on Java and Springboot framework and REST.
• The in-house technology teams also utilize Go and Scala + Akka technologies.

9) Zepz

Fintech Startup Type: Digital Payment

Year founded: 2010 

Location: London, England

Employees: 1001 to 5000

Total Funding and Investments: $699.7 million

About this Fintech Startup: 

Zepz is a precise digital money transfer platform. The company provides:

• Online banking solutions.
• Comprising funds deposit and collection.
• Smartphone money transfer and top-up services.
• Digital cashless transactions.

In 2021, companies Sendwave and WorldRemit were rebranded to Zepz. The company’s financial solutions are used in 130+ nations and operated across 5000+ fund transfer corridors globally.

Technology Stack Used for this Fintech Startup:

• The company leverages an advanced and modern-day DevOps technology stack.
• It uses Python, Jenkins, Harness, GitHub, K8s, Terraform, and GitOps and enables Agile working protocols to back their technology stack.

10) Stripe

Fintech Startup Type: Digital Payment

Year founded: 2010

Location: Headquartered in San Francisco and Dublin

Employees: 1001 to 5000

Total Funding and Investments: $2.2 billion

About this Fintech Startup: 

The Stripe platform assists its client base in accepting payments, growing sales revenue, and enabling innovative business opportunities. The company is a financial infrastructure platform for a diverse range of businesses.

Millions of enterprise companies and startups in 120+ nations globally leverage Stripe comprising Amazon, Salesforce, Google, Microsoft, Shopify, etc.

Technology Stack Used for this Fintech Startup:

• The front end of the company is JavaScript-oriented.
• It leverages Ruby and JavaScript for its online payment and credit card processing solution.

11) Chime

Fintech Startup Type: Mobile Banking Services

Year founded: 2013

Location: San Francisco, California

Employees: 1001 to 5000

Total Funding and Investments: $2.3B (Series G)

About this Fintech Startup:

Chime is a modern-day neobank solution that offers a user base with zero fee mobile-based banking solutions. The company partners with different regional banks to develop member-first financial products.

This scenario builds an aggressive marketplace with enhanced, low-cost choices for banking services for those who aren’t being served well by conventional banks.

They provide their members easy access to bank accounts with overdraft services, quick access to paychecks, and enhance their credit. The organization is FDIC insured with a budding client base of 12+ million.

Technology Stack Used for this Fintech Startup:

• The company leverages Snowflake, Segment, AWS Glue, Apache Spark, Redis, Airflow, and Looker as a tech stack.
• It uses Ruby on Rails, JavaScript, Python and TypeScript as languages.

12) Plan-Professional

Fintech Startup Type: Financial Software Development

Year founded: 2018

Location: Atlanta, Georgia

Employees: 2 to 10

Total Funding and Investments: Non-equity assistance and has a single investor.

About this Fintech Startup:

The company serves financial specialists across the USA region. They build innovative solutions that assist advisors and financial services providers to mature and deal with their retirement planning.

They have crafted software solutions leveraged by worldwide asset managers, investors, and investment specialists. Furthermore, they are committed to building and shaping ground-breaking solutions for the 401k industry.

Technology Stack Used for this Fintech Startup:

• The company uses an extensive technology stack including Angular, Laravel, Github, MySQL and Elastic Search.

13) Robinhood

Fintech Startup Type: Stock Trading & Investment

Year founded: 2013

Location: Menlo Park, California

Employees: 1001 to 5000

Total Funding and Investments: $5.6 Billion

About this Fintech Startup:

The company has turned trading more spontaneous, more cost-effective, and more comprehensive to confirm that irrespective of funds or industry acquaintance, people can contribute to the financial system.

The company provides a service known as Robinhood gold that enables pre-marketplace and after-market trading, offering added purchasing power and facilitating large instantaneous deposits.

Technology Stack Used for this Fintech Startup:

• The company uses GitHub, Python, Git, Docker, and React as a technology stack.
• The company platform is developed on AWS, so they leverage Amazon RDS for their data-based store. They apply Postgres for the database engine.

14) Trueaccord

Fintech Startup Type: Digital Collections

Year founded: 2013

Location: Lenexa, Texas

Employees: 1001 to 5000

Total Funding and Investments: $47.1M (Series Unknown)

About this Fintech Startup:

The company offers an advanced platform with a machine learning solution to quickly enable debt-related collection. Their algorithms are powered to enhance debt collection winning rates without any manual processes.

Technology Stack Used for this Fintech Startup:

• The company leverages Python, jQuery, JavaScript, Google Analytics, and NGINX as a technology stack.
• They use behavioral analytics and an omnichannel digital approach to enable collection services.

15) Chipper Cash

Fintech Startup Type: Financial Software Development

Year founded: 2018

Location: San Francisco, California

Employees: 51 to 200

Total Funding and Investments: $302.2M (Series C)

About this Fintech Startup:

The company is a venture-capital-supported financial software service provider that crafts software solutions to facilitate free and quick Peer-to-peer Cross-border payments.

They also operate in Africa and Europe, enabling solutions for merchants and businesses to process digital and in-store payments.

Technology Stack Used for this Fintech Startup:

• The company uses an advanced tech stack, including HTTP/2, JavaScript, Google Font API, Apache, and Google Tag Manager.
• It also leverages Node JS, React Native, Modern JavaScript (ES8), Typescript, PostgreSQL, RabbitMQ and Python.

16) Braintree

Fintech Startup Type: Digital Payment

Year founded: 2007 

Location: Chicago, IL

Employees: 501 to 1000

Total Funding and Investments: $69 million

About this Fintech Startup:

The company offers commerce tools required to craft businesses, accept online payments, and facilitate commerce for their user base. It is the most accessible approach to get paid for your transactions across any needed devices and by any payment process.

The PayPal-owned company empowers payments for leading organizations like Uber, Poshmark, and StubHub, to name a few.

Technology Stack Used for this Fintech Startup:

• The company uses a modern tech stack, covering Slack, GitHub, PostgreSQL, Jenkins, and tools like Trello.

17) Klarna

Fintech Startup Type: Banking

Year founded: 2005

Location: Offices in London, New York, and Berlin.

Employees: 5001 to 10000

Total Funding and Investments: $3.7 billion

About this Fintech Startup:

Klarna is one of Europe’s biggest banks and is offering eCommerce payment services for 90 million customers across 250,000 official merchants in seventeen nations globally.

The company provides products and services to customers and retailers with digital payments, social media shopping, and finances.

Technology Stack Used for this Fintech Startup:

• The company leverages JavaScript, Python, Node.js, React, Microsoft Azure, Nginx and Java as the primary technology stacks.

18) Solution-loans 

Fintech Startup Type: Loans and Mortgages

Year founded: 2005

Location: Reigate, Surrey

Employees: 2 to 10

About this Fintech Startup:

The company is a technology-led finance broker that offers an extensive range of personal finance products and services. It provides the financial information and tools needed to assist you in categorizing the best category of financial credit.

Technology Stack Used for this Fintech Startup:

• The company’s tech stack includes Viewport Meta, iPhone, SPF, Classic ASP, ASP.NET, PHP, SQL, and MySQL databases.

19) Chase Pay

Fintech Startup Type: Digital Payment

Year founded: 2016

Location: New York, USA

Employees: 5001 to 10000

About this Fintech Startup:

Chase Pay is an approach to swiftly complete payments with official merchants, comparable to Apple Pay, PayPal, Samsung Pay, Google Pay, and accepted cards. Chase Pay is integrated with Chase Visa cards and personal Chase Liquid cards.

Technology Stack Used for this Fintech Startup:

• The company uses a tech stack including Python, Java, Node.Js, .Net, Angular, MySQL, React, NoSQL, and Relational Databases.
• It also leverages Angular, jQuery, ReactJS, Intellij, Postman, Visual Studio Code, Android Studio, and Docker.

20) Habito

Fintech Startup Type: Mortgage Lending

Year founded: 2015 

Location: England and Wales

Employees: 101 to 250

Total Funding and Investments: $82.3 million

About this Fintech Startup:

Habito targets home buyers and attempts to eliminate the friction of mortgage apps. It offers people the easy tools, know-how, and exclusive support they require while buying and financing their homes.

Technology Stack Used for this Fintech Startup:

• The company leverages Nginx, JavaScript, Elastic Stack, HTML, PostgreSQL, and React development technologies.
• It also uses Amazon EC2, Jira Software, Optimizely, CloudFare CDN, and Amazon CloudFront.

21) Hydrogen

Fintech Startup Type: Banking, Personal Finance & Payments

Year founded: 2017

Location: Miami, Florida

Employees: 51 to 100

About this Fintech Startup:

Hydrogen was initiated as a product offering by the fintech organization Hedgeable. Hydrogen was introduced as a separate platform to enable teams to deploy financial apps anywhere globally without writing any code.

Technology Stack Used for this Fintech Startup:

• The company’s technology platform is enabled by Oracle Cloud and accessible in the Oracle Cloud Marketplace

22) Uphold

Fintech Startup Type: Currency & Exchange

Year founded: 2013

Location: New York, USA

Employees: 51 to 200 

Total Funding and Investments: $74.9M (Series C)

 

About this Fintech Startup:

Uphold is a precise digital wallet and an explicit trading platform. It assists users with trading cryptocurrencies, metals, currencies, and USA stocks.

The platform has built licensed relationships with financial companies and banks and delivers innovative financial services. It enables sending and receiving remittances and quickly processing payments.

Technology Stack Used for this Fintech Startup:

• The company uses React, CloudFlare, Gatsby, HTML5, jQuery, Mobile Compatible technologies and Google Tag Manager.

Moving Forward with Fintech Solutions

If there is one significant thing we learned from the pandemic in financial technology, it is touchless banking and digital payments.

We saw several startups developing innovative banking and payment substitutes to make things relaxed for customers.

We at Techtic are one of the top Fintech application development companies with a specialization in assisting businesses worldwide. So, let us get in touch and initiate your fintech app development process and mutually select the best technology stack.