Financial Technology has become a prominent industry as it has been attracting more and more startups to join in because of its high growth potential. These new fintech companies are to be given credit to for re–inventing the elements of financial services and creating a superb user experience.
Fintech companies today have reshaped the financial sector by applying excellent technology to each and every financial function. Their innovative ideas have made them potentially invaluable partners or even a threat for the traditional institutes. As a matter of fact these, these competitive companies can take away $4.7 worth of revenue from traditional financial services, according to Goldman Sachs.
The major focus of fintech companies is to satisfy customer needs in the best possible way which makes them perfect for all kinds of businesses regardless of how small or large they are. They assist consumers to find efficient ways to save money and execute instant digital transactions at a remarkable speed. These ambitious companies have definitely backed businesses to handle important financial matters in a much more competent manner.
Here is a list of top fintech companies you must look at.
Are there any fintech companies we missed that you would recommend? Email us.
An all-in-one solution to accept, process, and split payments in your mobile app or online -- from small business to large enterprise. Braintree was one of the first fintech companies to focus on mobile commerce. It has surpassed $50 billion in payment volume.
Robinhood is a zero-fee stock-trading app that has recently raised a $110 million Series C at a $1.3 billion. With 2 million total users, and 17 percent month-over-month growth this one is definitely the one to watch.
Metromile is a San Francisco-based car insurance startup that offers pay-per-mile insurance and a driving app. The San Francisco-based company has raised $192 million in the latest round and is on a mission to disrupt old-guard insurance companies with technology that makes underwriting more efficient and, more cost-effective for customers.
Kabbage provides funding directly to small businesses and consumers through an automated lending platform.
CommonBond provides simpler, more transparent, more affordable options to pay for your education.
Addepar is the first investment management platform for investors and advisors that easily handles all of your assets, connecting your financial goals with actionable insights.
Lending Club is the world’s largest online marketplace connecting borrowers and investors. They operate at a lower cost than traditional bank lending programs and pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.
Adyen provides a single solution globally for accepting payments and growing revenue online, on mobile, and at the point of sale.
YapStone is a leading online payment service provider for global marketplaces and large vertical markets, allowing businesses to accept payments online.
Stripe is the best software platform for running an internet business. It builds the most powerful and flexible tools for internet commerce.Stripe’s meticulously-designed APIs and unmatched functionality help you create the best possible product for your users.