Fintech companies provide services in account management, payment processing, lending & financing, and capital markets and financial assets. They are readily available to provide clients with instant, seamless and safe digital transactions with unimaginable speed. These companies with the aid of financial technology are set to innovatively disrupt traditional banking and finance industry in the near future. Let’s take a look at popular and trending Fintech organizations that can assist you in online management of money.
10 Popular Fintech Companies Disrupting The World’s Finance Landscape
Stripe was founded by John and Patrick Collison. Stripe is a direct competitor of the international giant PayPal. Stripe operates in as many as 25 countries throughout the globe. It allows individuals and businesses to send and receive payments through the internet. It provides clients with technological infrastructure along with fraud prevention and banking services.
Yapstone is yet another payment platform that is founded in 1999 and focuses on offering end-to-end payment service to multi-billion dollar market economies along with vertical markets that include apartment rentals, vacation rentals, commercial real estate, and nonprofits.
Braintree is a subsidiary of PayPal and specializes in providing mobile and web payment services to e-commerce companies. Braintree’s advanced technology is utilized to process credit card transactions on more than 3000 e-commerce websites like Airbnb, Uber, LivingSocial, Hotel Tonight and Angry Birds.
Lending Club is a US-based peer-to-peer lending platform with its headquarters situated at San Francisco, California. It is one of the largest P2P platforms that offer personal loans, business loans, auto-refinancing loan, and medical financing. It provides the best investing and borrowing solutions for you. It is the first P2P lender that has registered its offerings in form of securities under Securities and the Exchange Commission which also offers loan trading based on secondary markets.
Addepar was founded by Jason Mirra and Joe Lansdale in the year 2009. Addepar is an organization that utilizes investment management technology to provide a homogenous financial software platform which can be used by various offices, financial institutions, wealth advisors, and foundations and endowments.
Addepar is the first performance reporting platform that easily handles all of your assets, connecting your financial goals and objectives with real-world actionable insights.
Most of the small and medium scale business struggle to raise finances and procure loans from traditional institutions. Kabbage offers direct funding to such small and medium scale businesses through its automated lending software and platform. Its products for small business offer credit line up to $100,000 based on business volume, transaction volume, credit score, social media engagement, etc.
Plaid is founded by William Hockey and Zach Perret in the year 2013. This platform allows various different applications to directly connect with the client’s bank accounts and ensures a speedy authentication process.
The company has managed to grow at an overwhelming pace by aiding apps like Venmo and Betterment to connect with the client’s accounts.
Credit Karma is founded by Nichole Mustard, Kenneth Lin and Ryan Graciano in 2007. It strives to offer free credit points and credit recommendations to its customers. Unlike its counterpart, you are not required to register your credit cards on this site to avail its services. Credit Karma also provides educational materials and resources to end users which are estimated to be around 85 million.
Mint assists in keeping track of incomes and expenditure. It is a budgeting app that also allows its user to keep track of bills and offers free credit points. Mint has millions of clients spread all over the globe. A perfect example of our popular fintech companies disrupting the status quo in the financial industry.
Acorns is one of the fastest growing platforms with already 4.5 million users. It was founded by Walter Wemple Cruttenden III and Jeffrey James Cruttenden in 2012. It provides a simple and hustle-free option to invest spare cash or change in the investment market.
Final words on top fintech companies
Whether you want to invest extra little cash, manage your books, raise funding, carry out overseas payments and purchases, earn credit points, change the mode of payments, connect seamlessly with different accounts or maintain and track your budget, it’s all possible within the comfort of your home. With faster networks, safe and secured transactions, Fintech technology is ready to disrupt the traditional banking and finance institutions in coming years.
Stacy Thomas is a freelance writer who has been writing for various blogs for the last few years. In this post, he has written about the benefits of business, finance industry, technology as well as the features related to the same.
These ten popular fintech companies will make online management of money easy for you. From opening a long-term investment portfolio to buying the latest stocks in town, or lending money for your business development, and all the rest of those financial opportunities out there, you are in safe hands.