This article showcases Startup Pill’s top picks for the best Financial Services startups. These startups are taking a variety of approaches to innovating inside of the Financial Services 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
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Top Financial Services Startups
Pennylane is a developer of a full-stack financial management platform used to deal with financial data. Centralizing all the data that was fragmented in the past, this platform enables business managers to get a real-time view of their financial data and make the right decisions.
The company enables business leaders to access their complete, and up-to-date financial data at any time.. .
Ramp is a technology company that develops corporate cards designed to save businesses money. The company is redesigning how corporate spending should be managed from the ground up to save time, money, and ensure control.
It provides companies higher card limits, insightful saving opportunities, automated expense management, lightning-fast receipt matching, seamless accounting integration, and more. The company was founded by the same team that built, scaled, and sold Paribus to Capital One, spearheading Capital One’s push into saving technologies.
Their group at Capital One enabled automated savings on online purchases, and put over $100 million back in consumers’ pockets. Ramp is committed to providing that same value and savings to businesses..
Amount is an edge technology company dedicated to creating and enhancing the digital credit offerings of financial institutions. Built by lending industry veterans, Amount’s multi-purpose lending products help partners go digital in months—not years—with a scalable suite of proven product modules for credit decisioning, fraud prevention, account verifications, servicing engines, and CRM solutions.
Amount partners can optimize performance across product categories by tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk consulting and analytics. Amount clients include financial institutions collectively managing close to $1T in US assets and servicing more than 25 million U.S.
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.. .
HMBradley is a developer of a digital banking platform for savers. It rewards everyone, regardless of income, for developing sound financial habits.
HMBradley ‘s platform offers digitized banking services featuring virtual banking technologies that let users get credit cards instantly and enjoy banking facilities anytime via a smartphone application. The company was founded in 2019 and is headquartered in Santa Monica, California..
1inch is a liquidity aggregator and a decentralized exchange with smart routing. It connects a large number of decentralized and centralized platforms in order to minimize slippage and find the best price for the users.
The synergetic effect of its smart contract is substantially beneficial to the Ethereum community.. .
Skuad is a digital payroll platform to build, pay, and manage globally distributed teams. Through its Global Employment Platform, the company helps employers build and pay their remote workforce seamlessly, without needing to set up local entities.
The platform not only automates global payroll, local compliance, and taxation but also provides benefits for employees to spread across geographies.. .
Synctera is a banking company that offers secure and scalable partnership banking solutions for startups and fintech. The company guides all parties from the earliest phases of engagement, through the onboarding process and beyond.
It was founded in 2020 and headquartered in San Francisco, California.. .
Jodo was founded at the beginning of the year 2020 with a mission to positively impact the lives of people through well-designed financial products. We believe that financial products can have the power to significantly improve the lives of people if it is designed with the end-needs in focus.
Year-long research trying to understand these needs has culminated in the founding of Jodo. Jodo aims to be a full-service financial services player with multiple products enabling millions of people to meet their needs..
Klar is a FinTech challenger bank that provides deposit and credit services for Mexican customers. Using the Klar card rewards users with cash of up to 4% cashback for each purchase, not points without confusing conversions or expiration dates.
Clients can also send and receive payments and collections money instantly to Klar accounts and other banks. The Klar card is linked to an app where users can see all their movements in real-time.
Stefan Moller, Daniel Autrique, Jeronimo Riefkohl, and Gianluigi Davassi established the company in Mexico City, Distrito Federal in 2018.. .
Capitalize is a fintech company that helps people find and transfer old retirement accounts and open new ones. It believes all Americans should retire with enough money for a life of dignity.
Over time, they intend to eliminate all of the friction in the retirement savings system that stops them from doing so. Capitalize is a well-funded, early-stage company backed by leading venture capital investors in New York (Greycroft, RRE Ventures), the Bay Area (Bling Capital), and Los Angeles (Walkabout Ventures).
It was founded in 2019 and is headquartered in New York, New York.. .
BukuKas is a neo-banking venture aimed at bringing unbanked in South-East Asian countries to the banking eco-system. Starting with the BukuKas app in Indonesia, which is aimed at helping the micro and small enterprises in their cash management, will pave inroads to additional financial services in the future.
BukuKas app digitized the physical record keeping books by enabling micro and small enterprises to record their sales, expense and cash transactions at ease using their smart phone. The free app helps micro and small business owners to simplify cash management and help them grow their profits faster..
Instnt Inc. is a public benefit corporation on a mission to bring inclusion and instant account opening experiences for businesses and their customers.
It is a one-of-a-kind collaborative effort between industry thought leaders, technology vendors and the private and public sector to solve for both sides of the on-boarding problem with a “Stripe for on-boarding” service offering and a new, interoperable Open Trust Protocol to make instant consumer acceptance a global reality.. .
Vivid Money is a financial platform that helps customers grow their money. The platform offers a unique mobile banking app at their fingertips.
Whether it’s payments, transfers, high-interest saving accounts, multi-currency accounts for their travels, spendings reports, split bills — with Vivid, managing all their finances and investing their money is easy, flexible, and 100% transparent. Vivid Money also analyzes transactions to identify a customer’s recurring subscriptions, giving them the ability to block future charges if necessary.
The users can also send money to other users from the app and generate a link so that the recipient can enter their banking details. There are also cashback features and the company plans to offer the ability to invest and buy shares from the app in the future.
Vivid’s app users can also create sub-accounts called pockets, each with its own IBAN. Users can invite others to use specific pockets or associate a card with a specific pocket.
Additional physical cards or virtual cards can be ordered.. .
Uncapped is a provider of revenue-based financing that enables founders to raise growth capital without interest or equity. It charges a flat fee of 6% on the capital provided and gets repaid through a revenue share.
Uncapped provides business advances of between £10k and £2m with 0% interest and no hidden charges, allowing founders to access fair and flexible finance. The company also uses marketing, sales, and accounting data to be able to offer finance for young businesses based on their current and projected revenue.
The company was founded in 2019 by entrepreneur Asher Ismail and venture capital investor Piotr Pisarz in London, England.. .
Payaut is an automated payment solution for online marketplaces. Payaut provides a PSD2-compliance and automation of the payment process.
The solution helps online businesses that are part of the payment flow to easily comply with the new PSD2 regulations, while still able to use multiple Payment Service Providers (PSP’s).. .
Paceline is a fitness rewards platform that adds financial benefit to the physical activity. It is out to reinvent the financial industry with the aim of making it more technology-enabled and better at engaging with consumers.
The company was founded in 2019 and is based in San Francisco, California.. .
Lendtable is a financial services company that specializes in providing income-constrained individuals with wealth-building cash advances. The company also specializes in the fields of fintech, tech, investing, and wealth and it gives people cash advances to build their wealth.
It was founded in 2020 and headquartered in San Francisco, California.. .
PayMongo is providing modern payments for forward-thinking businesses. It helps businesses in the Philippines accept online payments from multiple channels fast and easy, in just minutes.
It aims to become the invisible engine of commerce that gives everyone the opportunity to participate and succeed in the rapidly transforming digital economy. The company was founded in 2019 by Francis Plaza, Luis Sia, Jaime Hing, and Edwin Lacierda..
Surge is a rapid-scale up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, global immersion trips and support from a community of exceptional mentors and founders.
The goal to supercharge startups and give founders an unfair advantage during the early-stages of company building. For more information on Surge, visit http://surgeahead.com.
Collective operates as an online back-office platform designed for self-employed people. Its technology and a team of trusted advisors give its members the freedom to focus on what matters by taking care of everything from business incorporation to accounting, bookkeeping, tax services, and access to a thriving community- all in one platform.
The company was founded in 2019 and is headquartered in San Francisco, California.. .
One develops an app that boosts the power of peoples paycheck so they have more spending power in their pockets. One helps users optimize their earnings and reach their financial goals faster, seamlessly share money with family and friends, and watch their money grow faster.
One seamlessly bridge financial gaps. It was founded in 2019 and is headquartered in San Francisco, California..
Finom combines digital business account benefits with multiple services to provide financial solutions for entrepreneurs, self-employed, and freelancers. It pulls together accounting, financial management, and banking functions for early-stage businesses and SMEs into one mobile-first product.
Founded in 2019, Finom is headquartered in Amsterdam, The Netherlands.. .
EverUp is a gamified, prize-linked saving app. EverUp is building the first UK prize-linked money account, on a mission make saving fun and get everyone to save.
They are reimagining personal finance, building an all-encompassing prize-linked proposition, across saving and personal lending. EverUp has been admitted to the FCA Innovation Hub..
Transak is a single integration for applications to accept fiat-to-crypto deposits and withdrawals from a global user base. It does this by aggregating fiat on-ramps from around the world and abstracting away the complexity of local compliance, payment methods, and operations.
The Transak product is a widget integration that can be integrated into an app in just a few lines of code. It provides a fiat on-ramp for the UK, Europe, and India for the app’s end-user without leaving their site..
PalmPay is a simple and secure payment app that give rewards. This app lets to send quick cash between friends and pay for airtime and utilities.
This startup was launched in 2019 and aims to become Africa’s largest financial services platform.. .
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..
Clair is a New York-based fintech startup that provides Instant Pay Access as a service for human capital management platforms and the gig economy. With Clair, employees and contractors get access to a digital bank account that allows them to get a portion of their earned wages as soon as they finish work.
It aims to make every worker financially free. Banking services provided by Synapse’s partners, Member FDIC.
The company was founded in 2019 and is based in New York, New York.. .
Marco is a tech-enabled, trade finance platform that provides reliable access to working capital for Latin American SMEs. It promotes paperless processes and dedicated support from industry experts to create a seamless financing solution.
It was founded in 2019 by Jacob Shoihet and Peter D. Spradling and is headquartered in Miami, Florida..
TradeUp provides alternative student financial aid while training for a new career. Instead of loans, it uses income share agreements which means pay nothing for the technical or vocational degrees until land a job.
Income Share Agreements, or ISAs, are a new form of student financing. ISAs don’t have an interest like traditional loans.
Instead, pay back an agreed-upon percentage of income for a fixed period of time. It was founded in 2019 and is headquartered in San Francisco, California..
Trillions of pounds in value are locked up in UK homes, while at the same time, homeowners still rely on expensive consumer loans, credit cards, or overdrafts. The inflexible and archaic secured products are simply not serving customer needs for flexibility and affordability.
With our experience in real estate, finance and technology, Selina is bringing together the best from different worlds to offer customers a next-generation financing option – a product that is as flexible as a current account, as affordable as a mortgage, and as easy to apply for as a consumer loan.. .
Snoop is a smart money mobile app that helps consumers save money on bills and subscriptions. It offers a unique feed of personalized money-saving ideas.
The company was founded in 2019 by Jayne-Anne Gadhia and it is based in Norwich, Norfolk.. .
VC-funded Startup aims to disrupt the payday distress cycle. The app helps you gain instant access to your wages on demand.
The app also automatically predicts when your bills are due, shows you how much is OK for you to spend, and automatically creates budgets for you, effortlessly. The app helps you Supercharge your bank account, giving you access to your pay as you earn it, and empowering you to save big money with seriously little effort..
Libeo is a unique platform to collect, manage and pay all your supplier invoices. Without IBAN and in one click.
We are reinventing how companies pay and connect with their business partners. No more hours spent manually entering invoices, answering to angry reminder emails from supplier and owing fees for late payments.
* Automated invoice entry, bulk or individual uploads. * Payments of supplier invoices, one clic no IBAN.
* Team work: personalized approval workflow, on-the-go notifications. * Your finances in real time with consolidated financial indicators.
Libeo is supported by the Ordre des Experts-Comptables of Ile-de-France, La Banque Postale, La Société Générale, La French Tech, Wilco, Finance Innovation and BNP Paribas.. .
Facio is a digital platform that facilitates the process of contracting loans for the working class. It acts as a Banking correspondent that follows the guidelines of Resolution No.
3,954 of February 24, 2011 from the Central Bank of Brazil. It provides 15% increase in productivity in businesses, turnover decrease of up to 36%, and doesn’t not charge anything from the company.
It is headquartered in Sao Paulo, Brazil.. .
Their US banking partner ensures that you can send & receive US domestic transfers without worry. All merchants (think Netflix, Amazon or Apple) will see you as an American customer.
They know how important a good credit score is to your professional success in the US. But how can you start building credit, if you can’t open an account – and how can you open a credit account without a good credit history? Sable solves this..
Alpian is a financial services firm that combines banking services, personal wealth management, and tailored investment products all in one app. The company offers tailored investment boutique products, digital face-to-face access to experienced financial advisors, and everyday banking services for its customers, leveraging proprietary, and disruptive technology to develop scalable, personalized private banking.
Founded in 2019, Alpian is headquartered in Carouge, Geneve, Switzerland.. .
Kettle is a machine-learning powered reinsurer balancing risk in a changing climate. It’s proprietary deep learning algorithms use more than seven billion lines of a satellite, weather, and ground truth data.
These models use Swarm Neural Networks to find patterns that enable more accurate predictions, thereby reducing loss ratios. Kettle is structured to sell reinsurance to insurers..
We transform employee salaries into greatest benefits ever invented. Symmetrical-backed salaries are fast, flexible and empowering.
Companies use our salary benefits to improve staff retention, performance, save on labour costs and build a great employer brand. It takes a week and zero cost to start.
The company was founded in 2019 and headquartered in London, England.. .
Qooore — Investment, Trading & Insight
Qooore helps people to invest as easy as swipe with AI-powered smart signals Qooore is a subscription-based mobile app providing AI-powered investment forecasts (“smart signals”). Qooore’s backend collects hundreds of human-made forecasts, market trends, parsed analyst websites & 250+ more factors, and generates one balanced forecast (smart signal) based on AI-powered scoring system & previous forecasts.
Qooore users get personalized signals on a daily basis. 5 signals for free, unlimited signals for $9.99 per month.
US-based company, founded in June 2020, Seed stage. Pre-seed closed in August, 2020.
Founders from VC, Fintech, IT (Google, Apple).. .
Nude helps first-time buyers save for and purchase their first home. Set a target, then get personal insights and lifestyle tweaks to knock months or even years off your goal – without ruining your social life.
We’re rebuilding the home-buying experience to make it easier and more enjoyable than ever before. From saving that first £5, to sending champagne to celebrate on move-in day, we guide you all the way.
You’ll have your keys in no time. Our ambitions are large and global, including applying for a banking licence to launch Nude mortgages and to support people through all of life’s big moments, like weddings, children’s accounts and retirement too..
Zenus is an independent, American digital bank, using technology to provide customers globally easy, intuitive, secure, and competitive ways to get more from their money. Zenus aims to give those doing business in emerging economies an alternative to using local traditional banks by offering a new, transparent, and digital banking experience on par with other banks of the world.
The company was founded in 2019 by Mushegh Tovmasyan and is based in San Juan, Puerto Rico.. .
River Financial is a challenger financial institution specializing in Bitcoin financial services. River Financial’s flagship product, a Bitcoin brokerage, provides sophisticated retail investors with a high-touch platform to buy and sell Bitcoin.
Founded in early 2019 by cousins Alexander Leishman and Andrew Benson, River’s brokerage product provides its clients with best-in-class security, a world-class client service experience, and investment performance tools such as cost basis tracking.. .
In minu, we are revolutionizing the financial health of Mexican employees, offering them access to their already worked salary when they need it, instead of having to wait for payroll. We work with HR areas of companies that offer the provision of minu to improve satisfaction, retention, and attraction of talent.
minu is supported by FinTech’s leading institutional investors globally, including QED.. .
Valour offers exchange listed financial products that help you trade digital assets in a transparent and secure way. Founded in 2019 Valour is led by a proven and successful team that has a combined 20 years of experience from cryptocurrencies and 45 years from investment banking.
Founders of Valour listed the world’s first crypto ETP at Nasdaq Nordic in 2015 and were the first to list a Crypto mining company on the Toronto Stock Exchange in 2017.. .
Optimizing your personal finance is hard, complex and boring. The conventional banking industry has become used to consumer inertia and to an extent relies on it for their massive profits.
Unifimoney (www.unifi.money) has been created to solve this by integrating and automating money management so you don’t have to. Unifimoney is a single account accessed via mobile that integrated a high-interest checking account, a credit card and Robo investment platform.
By doing absolutely nothing more customers model best practices in personal finance — effortlessly. Maximizing daily passive income and building a long term investment fund.
Unifimoney will launch in early 2020 you can join the waitlist at www.unifi.money. .
Stock markets are increasingly replacing the piggy bank as a mean for long-term wealth building. However, with thousands of financial products available across a multitude of brokers, it’s not always easy as a consumer to know where to start.
This is why getquin was founded in January 2020, to be your co-pilot when investing. From building your individualized ETF-portfolios, to enabling the purchase of ETFs with your desired broker, to monitoring your existing trading account, or even seeing how your favorite securities are performing.
getquin is your go-to platform for everything related to investing.. .
First Digital Trust
First Digital Trust offers solutions for the delivery of digital asset custody. First Digital Trust, the digital asset custody arm of Hong Kong-based financial services company Legacy Trust.
Legacy Trust spun out the business to help it focus more on its traditional trust and pesions businesses while giving its digital asset segment the flexibility to innovate.. .
Cora is a digital bank for self employed and small & medium enterprises. The company is currently operating in closed beta and plans to launch its first product, a free SME-only mobile account.
Cora will later release a portfolio of payments, credit-related products and financial management tools that are currently being developed. They have developed a modern platform that offers a cheaper and simpler service, freeing entrepreneurs from the bureaucracy and repetitive work that usually involves day to day finance.
Cora was founded by Igor Senra Magalhães and Leonardo Soares Barbosa Mendes and is headquartered in São Paulo, Sao Paulo, Brazil.. .
At SeedFi we’re building a new generation of financial products for the 100MM Americans living paycheck to paycheck. Our customers include the most vulnerable members of society and our products have a tangible impact on their financial health, providing lower cost access to capital and the opportunity to build credit and start saving.
We were founded in early 2019 by a team of fintech (and tech!) veterans. Having spent the past 10+ years lending to lower-income consumers who need better options, we’re highly attuned to the challenges people face getting access to financial services that leave them in a better place.
We aim to change that. SeedFi has offices in San Francisco and New York..
Handle is a construction software that helps contractors and material suppliers solve two giant issues within the industry: late payments and access to capital. Our software automation tools help with manual and repetitive tasks associated with late payments such as lien management, deadline tracking, and online mailing.
While our financing tools offer options such as invoice factoring, material supply loans, and mechanics lien purchasing. Please check us out at Handle.com..
CoreCare is a developer of managed care software used to eliminate the financial complexity of healthcare providers. Its software aggregates and standardizes all data into one place, making it easier to prepare, submit, reconcile and reconsider reimbursements, reduce administrative expenses, improve claim acceptance, and enhance cash flow that enables healthcare businesses to reduce cost and achieve a strong financial position.
The company’s single access platform enables providers to easily view their patient data across all systems in one location and to automatically monitor that data for errors.. .
Lean is a Saudi B2B company that builds developer-friendly APIs, which provide Fintechs with access to customer Financial data and payment initiation capabilities. Lean achieves this by partnering with Financial Institutions to provide them with a state-of-the-art API integration layer to complement their existing infrastructure, thus ensuring full transparency, oversight, and control over the data being shared by their customers.
Fintechs can therefore, integrate with a multitude of Financial Institutions through a single platform – the Lean Universal API. The company was founded in 2019 and is based in Riyadh, Ar Riyad, Saudi Arabia..
Brella is modernizing supplemental health benefits to build a world where health hardship doesn’t mean financial hardship. Brella’s simple supplemental plan covers 13,000+ conditions and pays cash on the diagnosis that you can use for anything that is needed on the road to recovery.
Brella Insurance was founded in 2019. .
Payflow is an employee benefit that companies can offer to their employees. Payflow provides employees instant access to earned salary to improve their financial well-being.
Companies benefit from improved productivity and engagement, with no impact on cash-flow. Payflow was founded in 2020, and it is a Rocket Internet backed venture based in Spain..
BLOCK 30 is a blockchain and mobile payments provider, with a focus on the emerging markets. Their core products include the BLOCK 30 Marketplace – an online marketplace for authentic, verified goods and the BLOCK 30 Pay mobile app, which allows customers to ‘Send Money Like a Text’ to over 100+ Countries and 30 major currencies.
BLOCK 30 is an award winning company received “Startup of The Year” at the 2019 World Blockchain Summit and has presented on the UN 2030 Agenda for sustainable development. The company maintains offices in both the United States and Latin America..