Fintech Craze Has Spread Around the World and These Companies Are the Best Contenders
Beginning as a disruptive force in the world of finance, financial technology (fintech) businesses have been elevated to become part of the standard practice for industry leaders.
Proof of its current popularity is the reported $32.6 billion worth of funding various companies in the niche have received by the end of 2018’s third quarter.
Its takeover continues as more and more fintech startups rise from regions like Africa and South America.
And thanks to the increase in competition these same companies have dipped their toes into new markets like insurance as well. Here are some of the industry’s rising stars to watch out for.
Raisin
First on the list is the German fintech Raisin. The investment and savings marketplace was dubbed a ‘unicorn’ in the niche after it managed to raise a whopping $114 million in the beginning of 2019. In total, Raisin has reportedly reached $178 million in funding.
It has also struck up partnerships with major German bank Commerzbank and another fintech Clearscore, which is based in the United Kingdom.
Coconut
Coconut, an accounting platform targeting small and medium-sized businesses, may not have raised the most when it comes to funding but its launches still managed to attract the attention of people in the industry.
Just last year, the UK-based company launched ‘Grow’, a subscription service that gives users year-end tax reports as well as limitless invoicing for a small fee.
This is expected to attract small and medium-sized business proprietors who need their accounting handled fast.
Volt Bank
All the way in Australia is the neobank Volt Bank. Aside from raising some $45 million worth of funds, the innovative institution boasts of being the first of its kind to receive a license in the country.
Volt Bank set out to initially offer a variety of retail banking products as well as account aggregation tools.
TrueLayer
Another UK-based fintech to watch out for is TrueLayer. The startup markets its application programming interfaces (APIs) to other fintechs.
It’s managed to raise $11.8 million and ink a partnership with Plum, a software company known for its artificial intelligence (AI) assistant to help with wealth management.
Brex
Another fintech serving other fintech’s is Brex, a corporate credit card provider based in the United States. Providing services for small businesses at first, it has set its eyes on expanding its customer reach to larger enterprises.
More in Food
-
`
Billionaire Mark Cuban Has Learned More from His Failures Than Success, Proving It’s Okay to Make Mistakes
Shark Tank fans must know Mark Cuban as the casually-dressed billionaire who gained his massive fortune and financial success from wise...
March 29, 2020 -
`
Before the Glitz and Glamour: Yolanda Hadid’s Rough Past Will Inspire You To Persevere
Long before supermodels Gigi and Bella Hadid dominated runways, their mother Yolanda was the first to have carved her name in...
March 28, 2020 -
`
As Government Enforces Lockdown, 800,000 Businesses in UK at Risk of Going Under
The COVID-19 pandemic has been the biggest blow to the economy since the 2008 recession, and many fear that its effects will...
March 18, 2020 -
`
An Economic Recession is Around the Corner, Here Are 2 Ways You Can Protect Your Wealth
No one had anticipated at the beginning of the year that 2020 would be so rough. From the Australian wildfires to...
March 18, 2020 -
`
These Celebrities Earn Millions Despite Retiring from Hollywood, But How?
While being a celebrity usually comes with million-dollar paychecks, fame is not forever. No wonder, a lot of actors and musicians...
March 8, 2020 -
`
This Gas Station Chain is Making Money Through Unique Ways and Here’s What Entrepreneurs Can Learn from It
There are plenty of business advice to be found both online articles and published books. But there’s nothing quite like seeing...
March 8, 2020 -
`
Ben Affleck Is Done Playing Batman and You Won’t Believe the Reason Behind His Decision
There are a handful of actors who can give life to iconic superheroes so effectively that it is impossible to separate...
March 8, 2020 -
`
Every Interesting Thing You Need to Know about Game of Thrones Star Nikolaj Coster-Waldau
You may know him as the bad-turned-good-turned-bad-again Jaime Lannister in the hit HBO thriller series Game of Thrones, but do you...
March 8, 2020 -
`
This Man Eavesdropped on Steve Jobs and Bill Gates and What He Heard Changed His Life
In one equation, Steve Jobs was the savior of tech giant Apple and the bad guy is John Sculley, the former...
March 6, 2020
You must be logged in to post a comment Login