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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.
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
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.
Fintech Startup Type: Investment & Wealth Management
Year founded: 2015
Location: Chicago, Illinois
Employees: 201 to 500
Total Funding and Investments: $323.2M (Series E)
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.
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
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.
Tide has a technology centre in Hyderabad mainly for in-house software development.
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
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.
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)
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.
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)
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.
Fintech Startup Type: Digital Payment
Year founded: 2009
Location: New York, USA
Employees: 51 to 100
Total Funding and Investments: $1.3 Million
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.
Fintech Startup Type: Digital Payment
Year founded: 1998
Location: Headquartered in San Jose, CA
Employees: 10,000+
Total Funding and Investments: $216 Million
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.
Fintech Startup Type: Digital Payment
Year founded: 2010
Location: London, England
Employees: 1001 to 5000
Total Funding and Investments: $699.7 million
Zepz is a precise digital money transfer platform. The company provides:
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.
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
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.
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)
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.
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.
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.
Fintech Startup Type: Stock Trading & Investment
Year founded: 2013
Location: Menlo Park, California
Employees: 1001 to 5000
Total Funding and Investments: $5.6 Billion
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.
Fintech Startup Type: Digital Collections
Year founded: 2013
Location: Lenexa, Texas
Employees: 1001 to 5000
Total Funding and Investments: $47.1M (Series Unknown)
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.
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)
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.
Fintech Startup Type: Digital Payment
Year founded: 2007
Location: Chicago, IL
Employees: 501 to 1000
Total Funding and Investments: $69 million
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.
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
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.
Fintech Startup Type: Loans and Mortgages
Year founded: 2005
Location: Reigate, Surrey
Employees: 2 to 10
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.
Fintech Startup Type: Digital Payment
Year founded: 2016
Location: New York, USA
Employees: 5001 to 10000
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.
Fintech Startup Type: Mortgage Lending
Year founded: 2015
Location: England and Wales
Employees: 101 to 250
Total Funding and Investments: $82.3 million
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.
Fintech Startup Type: Banking, Personal Finance & Payments
Year founded: 2017
Location: Miami, Florida
Employees: 51 to 100
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.
Fintech Startup Type: Currency & Exchange
Year founded: 2013
Location: New York, USA
Employees: 51 to 200
Total Funding and Investments: $74.9M (Series C)
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.
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.
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