This article showcases Startup Pill’s top picks for the best Mobile Payments startups. These startups are taking a variety of approaches to innovating inside of the Mobile Payments industry and around the world. They are all exceptional startups well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Join our community: The Startup Pill Facebook group is designed to be a friendly and international space where startup founders, investors and consultants can share resources, progress and tips. Click here to join.
Top Mobile Payments Startups
Tamara is a fintech startup that offers a buy now, pay later platform that enables customers to pay on an installment basis, helping merchants to grow their sales. It specializes in the fields of financial services, fintech, and mobile apps.
In 2020, Abdulmajeed Alsukhan, Turki Bin Zarah, and Abdulmohsen Albabtain co-established the company in Riyadh, Ar Riyad, Saudi Arabia.. .
Scalapay is a credit payment method that allows users to purchase and pay it in three installments of the same amount without interest. The company’s online-store partners increase sales and the average value of orders when customers pay with Scalapay.
It was founded in 2019 by Simone Mancini and Johnny Mitrevski.. .
Mozper is a developer of a debit card and app designed for kids and parents in Latin America. Its application enables parents to give their kids an allowance and set spending rules so they can’t blow it all on video games, it also allows them to assign chores, and track savings goals, thereby, enabling its users to let their children get a hands-on, real-world financial education appropriate for the digital era.
The company was founded in 2019 and is headquartered in Mexico City.. .
Epifi is a digital banking solution that will be focusing on young millennial workers. The company also provides digital banking solutions for digital natives across India.
The secure platform will function as a primary hub for consumers, providing them with co-branded debit cards and linking all their existing financial services products onto a single mobile banking interface. Epifi also provides a wide variety of online and mobile-first financial services, payment solutions, money transfer, and lending services, among others, while partnering with licensed banks.
It uses customer insights and deep tech to simplify their banking journey and help them take a big step towards achieving financial freedom. Epifi was founded in 2019 and is headquartered in Bangalore, Karnataka, India..
PAYTRON (“PAYTRON”) is an Australian company that provides an international payments & treasury management platform which brings high-end institutional-grade service to SMEs with complete digital client experience. In particular, the company facilitates payments of international invoices quoted in foreign currency and helps its clients hedge against risks derived from currency fluctuations.
The platform consists of several key features that are an integral part of the PAYTRON’s overall service, such as invoice processing, risk management, currency conversion and facilitating global payments.. .
CASHDROP is a mobile commerce platform for mobile natives. It allows businesses to create an online storefront from their phone in less than 15 minutes.
Businesses that deploy CASHDROP never pay commissions or monthly fees on contactless sales of food, retail goods, services, or ticketed events The company’s goal is to become the fastest and easiest way for mobile native entrepreneurs to start selling no matter what vertical they are in. It was incorporated by Ruben Flores-Martinez in January 2020 and is headquartered in Chicago, Illinois..
We’re a deep learning startup that cracks the code on wait times by fusing various different data sources. Our patent-pending AI technology draws on deep learning to provide virtual queuing solutions —saving customers the inconvenience of waiting in lines, as well as unlocking new streams of revenue for these super popular merchants and event organizers.
Serving over 20k+ businesses – we are a team of 8, backed by Tier-1 investors including Lightspeed Venture Partners, BAM & StartX (S20 batch) and are started by a team of ForbesU30 founders, both being ex-Google & ex-Stanford engineers.. .
Acquire App is an online shopping platform transforming e-commerce by creating an unforgettable checkout. Acquire App’s innovative, beautifully designed platform does it all, providing retailers with a powerful tool to attract and retain customers, and giving end-users an easy, streamlined shopping experience.
Their mission is to empower online merchants of all sizes with an elevated checkout solution. It was founded in 2020 and is based in San Francisco, California, United States, and Montreal, Canada..
Rizq is the UK’s first alternative Islamic digital banking app. Rizq bestows a personal and seamless digital Islamic banking experience, which fully appreciates a Muslim’s core values – on an emotional, as well as a lifestyle level.
Signup up and using Rizq is extremely simple, plus – we save you tonnes of cash on everything from daily shopping, to overseas money transfers. Rizq enables you to make lightning-quick payments, set up budgets, donate to any charity of your choice, and earn cashback in some of the UK’s most popular retailers.
The task of opening and maintaining ethical Sharia-compliant banking products in the UK is confusing, tedious, and operationally traditional. British Muslims are looking for a current account that can provide a seamless experience within the western world, without compromising on their beliefs and value system.
Unfortunately, current banking solutions are disconnected to the audience and those people who engage them. So – whilst Muslims want to create meaningful connections within the community, to support local charities and businesses, and generally empower their finances to be a driver for positive change – it is difficult to achieve this without an enabler.
Enter, Rizq. The Rizq team have lived the problem, and are now solving it by crafting a personal and seamless digital Islamic banking experience.
Our aim is to facilitate financial success within the community, by developing a really high performing and useful product, which does not conflict with Islamic beliefs and establishes a real bond with its key stakeholders (i.e. the customers)..
Monet is a mobile-first cashflow and business admin companion for B2B SMEs and the self-employed, making it normal to get paid instantly by offering personalised same-day invoice factoring and single invoice insurance with a secondary market for P2P invoice investors. Starting with the creative arts industry.
You see, we believe it’s time to truly serve the millions of self-employed workers, freelancers, business owners and entrepreneurs with the financial tools they need to succeed. Monet gives its users more time to focus on what they love, rather than worrying about cash-flow, finance management, chasing payments and all the other admin that comes with running a growing business.
The B-side of Monet is a peer-to-peer invoice trading marketplace, allowing investors to form strong annualised returns with high liquidity year-round, whilst helping SMEs grow. Based in the heart of Notting Hill and on the Isle of Man.
Wallet Engine provides apps with the complete stack for borderless in-app accounts and financial services that can be seamlessly embedded into any user experience. Licensed as a financial institution and built on bank-grade technology, Wallet Engine allows apps to focus on their core business while retaining full brand and customer ownership (white-labelled).
The Wallet Engine’s APIs include multi-currency stored value accounts, real-time transfers (domestic and cross-border), e-KYC, and many local integrations with financial network partners around the world. The company is headquartered in Singapore and operates globally..
Orderspot is the easiest way for your business to go digital. Whether you are an independent restaurant or a national hospitality chain, you can launch a digital store on Orderspot where customers can view your products, order, and pay right from their mobile phones.
Join 60+ restaurants, hospitality groups, and food suppliers in the US in delighting customers with a convenient, personalized, and contactless experience. Using QR technology, Orderspot is entirely web-based and zero commission.
No app or special device required. We are currently offering free Contactless Digital Menus to help restaurants go contactless as we adjust to new customer behavior as well as social distancing guidelines.
Visit our website and apply today!. .
Tango’s suite of applications provides data and analytics to alcohol brands by leveraging proprietary data from consumers’ purchases at their favorite bars and breweries. Alcohol brands unlock insights on consumer preferences and purchasing behavior.
Bars and breweries increase sales and save on processing fees. Consumers benefit from a seamless and secure purchasing process..
Onlife is an application for tourists based on blockchain technology. The main idea of the app is that each user can tag their favorite places and make money on it.
The business, in turn, receives advertising and the opportunity to attract new customers. The service is built on three pillars – trust in reviews, rewards for users, high-quality client traffic for the business.
We have six degrees of protection against fake content. Each one separately can be bypassed, but all together – very unlikely.
Feedback about any place can be written only by the user who checked in there. 2.
Community trust rating. If users come to the restaurant on the recommendation of Onlife and see a clear discrepancy with what they have read in the application, they write honest reviews and lower the rating of the recommender.
Pogo Financial is a financial services company that specializes in the fields of mobile and online payments. Developer of a mobile payment application intended for international travelers.
The company is currently operating in stealth mode.. .
Flex Finance is a simple, accessible mobile platform that allows SMEs manage and track their expenses, with little-to-no financial knowledge required. Using our inbuilt AI, business owners also receive insights that help them stop waste, save money and make smarter spending decisions.
Flex is committed to enabling more SMEs make it past their third birthday, so they can continue to provide the income and jobs that sustain the vast majority of Nigerians.. .
DawaSwift Inc. is a patient-centric healthcare technology provider that connects patients with providers, pharmacies, insurers and medicine delivery drivers for healthcare services and medicine deliveries in real-time.
The software company is on a mission to eliminate the barriers of availability, accessibility and affordability of medications and healthcare services globally. Using the DawaSwift app, customers can make orders from pharmacies, track their purchases (and have medicine delivered to their homes), save money for their emergency needs and earn interest, borrow micro-loans, transfer money to other customers, make payments to participating pharmacies and hospitals, and pay for their other needs.
DawaSwift has its headquarters in Toronto with offices in Nairobi and Montreal.. .
We believe that making more from your money doesn’t have to be hard. So we’re making it easy.
By seamlessly bringing together financial and technological innovations, Cache is the first mobile app to revolutionise the way you earn, send, and spend your money.. .
RiceApp is an app for diners to book, order, divide the check, and pay at the table of the restaurant without waiting for the waitress. Ideal for social distancing.RiceApp works as a basic POS and management system to reduce the operating cost and make the operation more efficient; receive payments in a quick and secure way.
Also, consolidate all the orders coming from the deliveries app in one place.. .
Saada is a messaging and mobile money sales services for increasing digital sales and data collection, launched in Kenya. The solution has two plug & play components.
1. FLOW-Builder Microservice: – This service enables businesses to build USSD and Whatsapp Flows within a minute without requiring a technical team to develop the flow for them.
2. Integration Microservice: – Businesses that want to integrate auxiliary service providers such as Card payments, mobile money payment, Insurance payment, or bill payment face a challenge integrating with this service since Different service providers have different integration protocols such as SOAP, REST, XMLRPC.
The platform changes the paradigm of integration from software project-based to User interface configuration. This is achieved through a unified customer experience that is configuration-based and hosted in a central repository this means a change done to the services is instantly cascaded to all the channels at once..
PayEye is a Polish technology company that introduces a new, global payment scenario that will change the perception and interactions of the customer with personal finance. The PayEye solution is based on the identification of user and acceptance of payments using biometrics scan of the iris.
In order to make a payment, withdraw money from an ATM or make an online transaction, you will no longer need a wallet in your pocket, credit card or phone. Thanks to the PayEye solution the whole bank will be in our eyes..
Bantu Blockchain Foundation
The Bantu Blockchain Foundation (BBF) is a non-profit entity that develops blockchain-based and Africa-led financial inclusion solutions to serve the continent’s unique problems and challenges. The springboard to the world for Bantu blockchain as a blockchain technology that seeks to re-orientate Africa and her peoples towards a new technology that is aligned with the spirit of sharing and equality.
The foundation is currently focused on the African markets, catering to the unbanked, and underbanked. It also maintains the source code for the blockchain and acts as a governance body for its ecosystem of users (wallet users, developers, node operators, token creators, financial institutions and enterprise users).
MAJORITY is the first digital financial service dedicated to serving migrants worldwide. For $5 a month, MAJORITY members in the U.S.
receive an FDIC-secured account, VISA® debit card, use of more than 55,000 ATMs across North America, remittance and international calling, native language advisors, and access to our network of community meet-up spaces, local discounts and events. With MAJORITY, there are never overdraft fees or minimum balance requirements.
MAJORITY was started in Sweden by a diverse team of banking, fintech, payments, and telecom executives serving immigrant communities globally for the last 15 years. MAJORITY’s U.S.
headquarters are in Houston, Texas.. .
HealthBank is a healthcare financial technology company that is building the financial OS for insurance and consumer payments for the future of healthcare. We are building the world’s first financial OS for healthcare providers (like hospitals, pharmacies), health insurance carriers, payers and benefits & HR platforms.
The infrastructure makes it easier, faster, and cheaper for the providers so that they can focus on what they do best; taking care of patients and patient needs.. .
Fully Integrated Payments, Easy as 1-2-3. One-click integration connects most major accounting packages with your existing payment gateway.
In less than 5 minutes payments will automatically reconcile in real-time, saving hours of effort daily. Chargezoom’s integrated payment solution works with over 20 popular payment gateways; nothing to change, no transaction fees, just point, click and integrate! Two-Way Sync Payment Dashboard eInvoicing / Pay by email Compliant Surcharging Subscription Management Tokenized Customer Vault Developer-First API Building your payments infrastructure has never been so easy!.
paywith.glass is a fintech infrastructure solution providing a modern effective global replacement for SWIFT. Financial services have changed dramatically over the 50 years since SWIFT was built and the job to be done now goes far beyond settlement, clearing and reconciliation messaging.
Today’s financial services infrastructure must integrate low-cost instant global settlement, solutions to serve the unbanked, support for e-commerce, micro-payments, IoT payments, real-time KYC/AML and global multi-currency Central Bank Digital Currency (CBDC) transactions. paywith.glass is designed for today’s instant world and the era of digital currencies and soars past all minimal requirements for a modern global financial transaction infrastructure solution.
It is modern intelligent infrastructure powered by Artificial Intelligence and Distributed Ledger Technology, which sits on top of proprietary distributed cloud architecture. The solution provides an easy to use API and includes a native white-label mobile super-application, interfaces for PoS & e-Commerce integration, KYC/AML support and native issuance, circulation and instantaneous cross-currency transactions of CBDCs.
paywith.glass offers several unique benefits including • Native support for the issuance, distribution/circulation and instantaneous cross-currency/cross-border transactions of Central Bank Digital Currencies (CBDC) • Instant settlement, clearing and reconciliation of all transactions • Direct cross-provider interoperability • Seamless FX conversion at inter-bank rates (with 0% FX commission) • International micro payments (exceeding United Nations SDG 10.c target) • Advanced cryptographic technologies, without using crypto currencies • Integrated real-time KYC/AML support on all transactions without impacting performance • Advanced AI-powered continuous authentication and fraud-detection technologies paywith.glass is intelligent global financial infrastructure, built to empower billions of people to transact instantly, with currency fluidity, from anywhere on Earth, at any time… it is the Internet, for the world’s money..
Apaylo is a leader in payment software innovation, digitizing bank account payments with security, speed, and transparency. Our payment hub and APIs connect digital enterprises to banking systems, enabling them to facilitate direct bank account payments.
The Apaylo Payment Hub is the centralized technology layer that connects marketplaces and digital platforms to pay and accept money directly from any bank account in an automated and transparent way.. .
PayFuture is an AI technology based innovative payment gateway connector offering the ability to connect to multiple local payment solutions in global emerging markets. Via one integration PayFuture’s switch/connector function allows online merchants instant availability to the most popular payment methods per region.
As internet usage grows in these regions so does the opportunity for e-commerce merchants to enter these new markets and find previously untapped markets for growth. With AI and deep learning the PayFuture gateway offers competitive advantages in areas such as customer journey, increasing approval rates as well as conversion recovery to increase merchant’s revenue in these growth regions..
76% of the UK landlords would like to get upfront for several months in advance. Meanwhile, tenants prefer to pay monthly.
Wectory is a service for landlords to get upfront funding in exchange for a discount and for their tenants to manage their payments via the app.. .
Paymobil is a mobile app where users can send and request money anywhere in the world in seconds. Paymobil has taken all the friction out of the current terrible UX with crypto p2p payments and made it just as good as regular consumer products like Venmo and Square Cash.
But unlike those, it works across borders, for people without US bank accounts, and can launch globally due to our non-custodial architecture.. .
Mobile banking and financial services for people with disabilities. Open a Purple bank account to receive your Social Security Income (SSI) and Social Security Disability Insurance (SSDI) payments up to two days early.
No hidden fees. No minimums..
Goodsend is a mobile, social philanthropy platform which encourages recurring micro-donations at scale from individuals in the community. We utilize 100% of donations to send money directly to people in need.
Goodsend was established in 2020 and is headquartered in Chicago, Illinois.. .
Teleperson brings together a user’s multiple vendors into a single hub and enables a consistent platform to manage, pay and engage each vendor; additionally, engagement is enhanced through both AI and a direct pathway to human representatives in customer service calls. We offer a duel-sided solution; for consumers, discovering, managing, paying for, and engaging multiple vendors—from insurance to car leasing to public utility payments—differs by vendor, with often poor and increasingly impersonal CX across the customer journey.
For enterprises, engaging their customer base on a human level has been upended by AI and chatbots which, while arguably providing greater profitability in the short-term, leads to poor customer experience and greater customer attrition long-term.. .
Vita Wallet is a fintech, which offers companies and individuals the possibility of sending or receiving internationals quickly and easily, we connect Chile with more than 35 destinations. Vita Wallet offers payment methods so that people can integrate into the digital world such as prepaid cards and we have payment of public services among others.
We also integrate people to the world of cryptocurrencies in an easy, safe and simple way.. .
Puma is a browser and developer platform focused on seamless payments for creators and mobile games. It is a new link in browser evolution that focuses on two key areas: micro-payments and privacy.
For micro-payments, users can pay a flat fee every month through Coil. Coil then sends money to content creators while users browse their content.
It is transparent and with no paywalls or subscriptions required. Web monetized sites can then provide access to exclusive content for the end-users who support them.
This way, users can support all kinds of web content creators simply by visiting their sites and browsing their content. For privacy, Puma’s ad-free model means it does not collect the user’s data or track browsing habits.
Without ads, there is no need for invasive tracking and data collection common with other web browsers. The San Francisco, California-based company was founded by Yuriy Dybskiy in 2019..
Divvz enables transparency, validation, and accountability between parties seeking to split the cost of goods. It does this in a way that leads to confidence and trust in the Divvz app, and between the parties, saving relationships in the process.
Divvz is an intuitive app, with patent-pending technology, that’s focused around the complex process of validating, tracking, communicating, and transacting with others. Divvz is the best way for people to split the cost of the things they share, and does so through a single platform that users can trust..
CheckPlz is a web-based platform designed to provide customer feedback on waitstaff service to restaurant management. Staff-interactions are a leading driver for return visits and establishing customer retention for restaurants.
CP derives insights and understanding into highly-valued team members through a brief feedback survey solicited to customers via QR-code. For their candid feedback Patrons will be rewarded with a promotion redeemable at the establishment during a return visit.
CheckPlz aims to drive recurring patronage while allowing management to engage with customers’ through their front of house operations.. .
P27 Nordic Payments
P27 aims to build world’s first real-time, cross-border payment system in multiple currencies. P27 will enable real-time, batch, domestic and cross-border payments to be carried out quickly and at low cost on a secure and versatile platform.
The platform will initially allow payments to flow instantly between people and businesses within the countries of Denmark, Finland and Sweden, something that will benefit growth and development in the region. The platform will be designed to be expandable to allow for payments across the rest of the Nordics as well, which will contribute to the strengthening of the Nordic payment’s ecosystem..
PayDN is a merchant acquiring, payment processing and data analytics network, makes accepting a P2P or bank app for purchases at the point of sale, simple, private and more secure than accepting cash or cards. We grant consumers direct access to merchants via their digital wallets (P2P or bank apps), bypassing the legacy payment networks and card associations.
We are Visa/MC if their networks were designed in this century. We have completely reimagined the payment infrastructure for the digital mobile world, enabling apps to be used for purchases, both online and at brick and mortar retailers without capturing, storing or transmitting any consumer’s personal or payment information..
Penny Pinch Inc. is an award-winning, financial technology company that was established in St.
Lucia in 2019 and is licensed under the Money Services Business Act and regulated by the Financial Services Regulatory Authority of St. Lucia.
It is the most advanced consumer mobile application in the Caribbean, offering digital coupons, loyalty rewards, cash back, and more centered around a powerful digital wallet that consumers use to make cashless payments to merchants as well as instant person-to-person (P2P) transfers. Think RetailMeNot meets Cash App! Despite being established in St.
Lucia, Penny Pinch does not intend to limit its growth to the subregion. Making prodigious strides in the Caribbean fintech industry, Penny Pinch is determined to impact the world during this pandemic and beyond.
The Penny Pinch mobile application enables users to simply top up their digital wallets using their debit/credit cards, then make physical purchases using their smartphones at any of the Penny Pinch partner merchants without any direct physical contact. Payments are made by a cashier simply scanning a QR code on a customer’s Penny Pinch digital wallet.
“We are proud to be one of the few companies that present both an innovative and safe way for people to make payments. However with the Penny Pinch app, they still get to enjoy the physical experience of shopping but with a major Covid-19 high exposure risk eliminated which is the direct contact with cash or credit card to make payments when they’re physically at a merchant” explains the Founder and CEO of Penny Pinch, Martin Hanna.
Using our patent pending methodology we enable frictionless connected-car payments which uses the license plate as the universal identifier to facilitate payments. Pay-by-plate’ payments.
Subsequently we enable vehicle based, hyper personalised shopping experiences as we are able to identify the user in-the-moment. We achieve this by: 1.
Integrating with existing consumers and provide our services as an extension to their offering. No new app to download.
This gives us instant user scale. 2.
Providing retailers with a single integration point to provide frictionless payment experiences. This saves retailers $millions as they no longer have to develop or maintain their own app or upgrade their hardware infrastructure (petrol pumps, parking hardware, drive thru payment terminals) with new and expensive payment terminals which need to be maintained and re-certified..
Wapi Pay PTE Limited
Wapi Pay is the first, leading and secure Africa-Asia financial solution (Payments / Remittance) that is not only faster than ‘Telegraphic Transfers’ but significantly more affordable for customers. Wapi Pay is a platform that allows demand for Africa’s agricultural and natural products & services to fund payments for Asia manufacturing products through mobile and banking infrastructure.
Wapi Pay gives the customer the option to choose a payment and delivery method whereby the customer can select Bank to Bank, Wallet to Wallet, Bank to Wallet and Wallet to Bank options to transfer funds as well as make merchant payments through its technology and infrastructure. Our proprietary funding and settlement processes and infrastructure allows for availability of instant cost effective liquidity and service guarantee of not more than 24 hours, where we electronically complete our compliance and due diligence.
Wapi Pay offers mass payments for corporate, merchant payments for SMEs and P2P.. .
DePay aims to make it easier for everybody to accept and perform crypto payments through the implementation of efficient and simple-to-use decentralized payment solutions, developing new products and services that create a positive and lasting impact on the industry. The DePay payment protocol works with all exchangeable asset classes contained within a user’s crypto wallet.
With its implementation, we increase the number of available cryptocurrencies and tokens eligible for payment by more than a hundredfold. By facilitating current and future decentralized exchanges, DePay always ensures the most cost-effective way to perform payments.
This is achieved by routing payments through the least costly exchange in real-time while the payment process is being performed. DePay’s payment solutions will include payment processing, various payment subscriptions, tokenized payrolls, and associated loans.
These solutions will lead to the creation of a payment-focused DeFi wallet and a credit card that allows users to pay for real-life goods. Payments can be made with either existing crypto wallet balances, tokens or future payroll collateral..
Shwaps lets you send & receive payments for free and instantly. Shwaps also lets you manage group expenses with ease, whether you are planning a trip or the shared rent.
You can also buy tickets for your favourite events, direct from the app, Shwaps also provides you with the entry pass (QR code) to get in hassle free, you can also gift tickets to your friends too! Withdraw back to your bank account with a touch of a button (almost instantly for UK), yes we use faster payments for our transactions! Deposit via your card or bank we allow both! We currently support EUR and GBP. Businesses and event managers can take advantage of Shwaps, by listing events, managing sales and also issuing tickets, get rid of black market sales & fraudulent tickets.
Shwaps Events App for business allows ticket inspectors and entry bouncers to scan each ticket direct from the app saving time on entry. Shwaps also give the business, analytics and data for the business to use for future events and promotions..