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Fintech Companies List In Usa – What they do: Sunbit specializes in sales finance solutions for customers and merchants. Organizations facilitate instant payment plans after purchase, making it easier for customers to pay for products and services while supporting retailers’ sales growth. By removing barriers of traditional financing, Sunbit improves the shopping experience and promotes financial inclusion for customers in various industries.
What they do: Akur8 is an AI-powered insurance pricing and booking platform. The company uses proprietary machine learning algorithms to automate and optimize the insurance pricing process. It offers modules for various aspects of pricing, including risk modeling, rate optimization, and pricing strategy deployment.
Fintech Companies List In Usa
In September 2024, the startup raised $120 million in Series C funding Today, the platform is used by more than 250 major insurance companies and supports 2,400+ users in 40+ countries.
Fintech Market Size, Share, Trends, Growth, Overview And Opportunities To 2032
What they do: Sendwave is a money transfer service focused on enabling fast and secure cross-border transfers. Operating primarily in North America and Europe, Sendwave allows individuals to send money to various countries in Africa and Asia, providing an efficient and cost-effective alternative to traditional money transfer channels. The startup has more than 1 million global users in 130 countries.
What they do: Rapyd is a payment gateway focused on international card payments. Some of the initial services include Rapyd Wallet (a multi-currency digital wallet), Rapyd Disburse (global disbursements to 190+ countries), Rapyd Virtual Accounts (local bank accounts in 40+ countries), and Rapyd Card Disbursement. After receiving PayU in July 2023, the company is valued at $8.75 billion.
What they do: Tonik Bank is an innovative digital bank based in Singapore. Operating solely through digital channels, Tonik Bank uses technology to provide seamless and accessible banking services to its customers. The bank offers user-friendly mobile and online platforms that enable individuals to open savings accounts, apply for loans and efficiently manage their finances, while providing an exceptional banking experience.
What they do: The Cash app is a mobile payment solution that allows users to send and receive money. Customers can also buy and sell Bitcoin as well as invest in stocks. Cash App has become an increasingly popular tool for peer-to-peer payments, managing personal finances and doing business with small organizations. In May 2024, the cash application reported that it supported 57 million active users of monthly transactions.
Fintech Companies In The Usa
What they do: Razorpay is an Indian fintech startup that provides business banking, payroll, payments and solutions. The company’s integrated platform allows businesses to manage operations and accept more than 100 payment methods. By 2023, Razorpay will reach 450,000 customers and $226.6 million in revenue.
What they do: Chime is a new bank that offers zero-cost mobile banking solutions to users. The company is FDIC-insured and has a growing customer base of over 22 million. As the startup eyes an IPO in 2025, it also reports 7 million monthly active users and profits in the first quarter of 2024.
What they do: Altruist is a custodial and self-cleaning brokerage startup. The platform is primarily used by independent registered and financial investment advisors for its all-in-one custody services, trading capabilities and portfolio management. More than 3,000 advisors, including companies like Venrock and Vanguard, use the Altuist platform today.
What they do: Tradovate is an online brokerage firm specializing in futures and options trading. The company equips both novice and experienced traders with powerful tools, real-time market data and competitive pricing, allowing them to make trades and manage their portfolio.
Ai 50: Companies Of The Future
What they do: Trueaccord is a machine learning solution to help with debt collection. Specifically, their “HeartBeat” algorithm is engineered to automatically increase debt collection success rates. To date, TrueAccord has worked directly with over 20 million consumers.
What they do: Stripe is quickly becoming one of the most valuable private companies in any industry. Online payment processors are currently used by 1.9 million different websites, from small startups to large corporate brands. In 2023, Stripe will process $1 trillion in total payment volume. Today, it is still the largest private fintech company with a valuation of 65 billion dollars.
What they do: Klarna is a payment solution for business merchants and buyers. Like many “BNPL” solutions, Klarna offers consumers the option to pay using a payment plan (usually without paying interest or fees). The company currently works with 550,000 merchants to support 150 million active consumers worldwide.
What they do: Tickertape is an investment research platform that provides real-time financial data and analytics to Indian investors. The platform offers stock screeners, market news and analysis tools that enable investors to make informed investment decisions. Tickertape’s mission is to empower Indian investors with reliable and actionable financial data and analytics.
What Is Financial Technology (fintech)? A Beginner’s Guide For 2023
What they do: Wise (formerly TransferWise) originally started as a money transfer service that allowed users to send money overseas without the hassle of hidden fees or high exchange rates. They later expanded their offerings to include Neobank services, such as credit cards and property management services.
What they do: InfinitePay (CloudWalk’s parent company) offers free cross-border payments with relatively low transaction fees and exchange rates. The platform offers a range of payment options, including card payments, transfers and virtual accounts, making it easy for businesses to make and receive payments worldwide. InfinitePay recently released InfiniteCash, which allows users to create loans through smart contracts in the crypto space.
What they do: The emphasis is buy now, pay later (BNPL). The company has been in operation for over a decade, with total funding reaching $1.5B over 12 funding rounds. The company employs more than 2,000 people and has more than 18 million users.
What they do: Creditas is a Brazilian digital consumer credit platform. Their credit scoring system uses houses and cars as collateral against the loan. The company was originally called BankFacil before changing to Creditas.
Tribal Credit Named To The 2022 Cb Insights’ Fintech 250 List
What they do: GoHenry is a money management platform that teaches young people how to manage their finances. Children can make transactions using prepaid debit cards supervised by parents. The company reports that there are over 2,000,000 paying customers with GoHenry.
What they do: Nubank is a new bank. They offer consumer credit cards, rewards, digital bank accounts and personal loans. In May 2024, Nubank reported revenue of $8 billion, net profit of $1 billion and a total of 100 million customers (92 million in Brazil).
What they do: Vivid Money is a financial and mobile banking app solution. The platform includes savings accounts with high interest rates, multi-currency access and reporting functions. Most recently, they expanded the platform to include brokerage capabilities for users to buy or sell stocks and ETFs. It also offers a lucrative cashback for spending and saving money on its platform.
What they do: Monzo is a UK-based digital bank. In addition to offering a variety of bank accounts and loan products, the Monzo app includes several features to help budget and track expenses. In March 2024, the company raised an additional $430 million in Series I funding at a valuation of $4.6 billion.
Meet The 60 Firms Leading The Fortune Fintech Innovators Asia List
What they do: London-based Revolut has quickly emerged as one of the most valuable fintech companies on the planet. The company reports that they have 15 million personal customers in 35 different countries. And they recently expanded to the US with the goal of obtaining a UK license by early 2022.
What they do: Bookipi is a user-friendly invoicing and accounting software application designed for small business owners, freelancers and the self-employed. This app allows users to easily create and send professional invoices, track expenses and manage business finances in one place. Bookipi simplifies the invoicing process with its intuitive interface, automatic functions and customizable options, helping users save time and increase their cash flow.
What they do: Gumroad is an eCommerce platform that allows independent creators to sell digital content directly to their customers. Several famous musicians including Eminem and Bon Jovi have used the platform to sell products.
What they do: OnCredit is a digital credit platform that provides short-term loans to consumers and small businesses in emerging markets. It uses advanced data analysis and machine learning algorithms to assess creditworthiness and offer customized loan products, allowing borrowers to access credit quickly and efficiently.
Overview Of Insurtech & Its Impact On The Insurance Industry
What they do: The Brex online banking platform focuses almost 100% on the B2B market. Specifically, high-growth startups. The products they offer include corporate credit cards, cash management accounts and built-in analytics tools.
What they do: PayMongo is a payment processing company serving the Philippines. The company’s revenue increased by 60% in 2020.
What they do: Lumanu is a contractor management platform with invoicing, onboarding, fulfillment and payment functions. Instead of managing multiple invoices and payments to individual contractors, the Lumanu platform consolidates business contractor expenses in one place. The startup has more than 50,000 customers who have processed more than $500 million in payments.
What they do: Pitchbook is a platform that aggregates and collects data for VCs. Specifically, they have data on 3 million companies, including funding rounds.
Top 10 Digital Banks By Total Funding
What they do: Dana, a subsidiary of Emtek, is a digital wallet that caters to the Indonesian market. The company offers an e-wallet for customers to perform three main tasks: send money, pay bills and shop online. They saw a 100% increase in total transactions last year.
What they do: Ivalua is an online shopping management platform. Cloud-based software
