The world is getting more connected than ever, and Fintech is shaping the way we use technology and money. What is Fintech you may ask?
Fintech is essentially technology-based companies that have a focus on finance.
If you’ve recently conducted any transaction online, you likely have used Fintech. If you try one of the apps we love some much, it’s Fintech related.
We continually look for the best companies out there that you may not have heard of, yet deserve all of the glory, given that these Fintech companies have dealt with billions upon billions of $$.
Top Fintech Companies and Apps
We rank these companies based on impact now, and for the foreseeable future, not on revenue generated.
Anyone who knows Fintech will agree that this company, Plaid, has risen to great heights. If you’ve used American Express, Venmo, Citi, Coinbase and thousands of others, then you’ve used Plaid.
Think of Plaid as the technology that links your Bank Accounts to apps and services. For example, when you link your American Express Card to pay with your bank account, Plaid will link these two together…securely.
As an end consumer, you’ll never have to pay for Plaid, but we are confident they make a good amount of money when they partner up with, let’s say Venmo, for example.
Credit Cards have been a symbol of currency for decades now, but there’s so much we don’t understand as end-consumers. Each credit card transaction carries loads of data, and one company is looking to reward the typical person with rewards.
What Empyr has done is nothing short of remarkable. These guys are the pioneers of linking Online Transactions to Offline Commerce, like dining and shopping. For example, Empyr will make it possible to link a credit or debit card to an app, and then you can earn money back if you have used that credit card with an app.
You may find Empyr’s technology on businesses like Groupon, Yelp, Swagbucks, Wells Fargo, Bank of America, and Coupons.com. This technology is known as Online to Offline Commerce (O2O) by many Fintech professionals.
This one you’ve probably heard of, and if you haven’t then you probably don’t have the internet. PayPal has been the most used online transaction service going back to 2002 when they partnered up with the marketplace, eBay.com
PayPal’s main model has been simple: Make it easy and safe to conduct online transactions. Very few would argue that the competitors of Square and Stripe have been more efficient than PayPal. Due to the sheer size of marketplaces that have PayPal functionality makes it a natural addition to our list.
PayPal also continues to innovate within their confines. An excellent example of this is their PayPal Cash Card which would allow transactions to occur in-store using a Mastercard, thus expanding their reach past the digital world.
The biggest purchase of anyone’s life is a mortgage. One of the primary sources of finding a mortgage online is LendingTree. Sure, there are newer competitors like Better Mortgage, but LendingTree has been one of the pioneers in sourcing mortgage companies under one roof since 1996.
LendingTree finds not only mortgage providers but personal loans, car loans, home refinances and much more. Plus, they’ve been swamped acquiring blogs like Student Loan Hero and ValuePenguin, showing that they believe in quality content for the foreseeable future.
5: Policy Genius
This wouldn’t be a complete list without another ordinary expense where Fintech can come into play. Insurance is required when you own a home or a car. Policy Genius is just one of many new insurance companies that are mostly getting rid of the middleman salesperson that takes up a good portion of a quote.
At Policy Genius, the average person can submit a quote for Home, Health, Pet, Auto, and much more while finding very competitive rates. Through a secure and user-friendly interface (easy) you’ll be able to get the rate that matches your needs.
Fintech is a growing field. We took a trip to FinCon, a Personal Finance Convention to find the latest tech and we’ve noticed that the numbers grow every year! Here are some pretty impressive companies to keep a look out for!
|Name||What they do|
|Addepar||Financial Management Dashboard|
|Adyen||Global Payment Service|
|Affirm||Online Payment Financing|
|Better Mortgage||Mortgages that are Easier|
|Betterment||Robot Investment Service|
|Blend||Better Lending –> Blend…Get It?|
|Cadre||Real Estate Investing Platform|
|Chain||Digital Currency Service|
|Chime||Online Banking Company|
|CircleUp||Retail Data Infrastructure|
|Coinbase||Cryptocurrency Trading Platform|
|CommonBond||Student Loan Refinance|
|Cover Insurance||Get Insured with a Camera|
|Credit Karma||Free Credit Score Platform|
|Dave||Get $75 Instantly (Must Pay Back)|
|Earnin||Get Paid Early (with Paycheck verification)|
|Ellevest||Investments Geared Towards Women|
|Enigma||Data Intelligence Service|
|Fair Car||Lease a Car Per Month|
|Feedzai||Artificial Intelligence Database|
|Forter||Real-Timee Fraud Protection|
|Fundrise||Start Real Estate Investing with Only $500|
|GreenSky||Large Lending Service|
|Guideline||Easily Provide 401K Plans for your Employees|
|Gusto||Human Resources and Payroll Service|
|Kabbage||Small Business Lending Service|
|Kensho||AI Based Analytics|
|Ladder Life||Life Insurance Made Simple|
|Lemonade||Renters Insurance Made Easy|
|LendingHome||Flip and Fix Loan Service|
|Metromile||Pay As You Go Insurance|
|Policy Genius||Online Insurance Aggregator|
|Petal Card||Build Credit Score with High Approval Credit Card|
|Plastiq||Pay Bills with a Credit Card|
|Qapital||Save Towards Goals with an FDIC Savings App|
|Quandl||Financial Analytics Database Service|
|Remitly||Internationally Based Payment Service|
|Ripple||Global Payment Service|
|Robinhood||Free Stock Trading Platform|
|Roofstock||Buy Rental Properties Seamlessly|
|Root||Pay As You Go Insurance|
|Shapeshift||Cryptocurrency Trading Platform|
|Stocard||Combine Retail Loyal Cards|
|Stripe||Online Payment Service|
|Symphony||Large Finance Company|
|Tala||International Loan Service|
|TransferWise||Currency Exchange Payment Platform|
|Upstart||Personal Loan Service|
|Veem||International Business Payment Service|