Fintech Companies that Are Currently Game Changers
- Payments , Banking , Cloud , FinTech StartUps , IT Innovations , Infrastructure
- 11.01.2021 01:01 pm
The number of fintech businesses has grown to more than 20,000 worldwide. So what are the best and most innovative companies right now? We take a look here!
Fintech companies are growing in numbers and capabilities thanks to improvements in smartphones, internet connectivity and a host of other tech developments. According to data collected by Statista, there were around 12,500 fintech businesses worldwide in 2019, and that grew beyond 20,000 in 2020.
The narrative of more, bigger and bolder fintech businesses appears set in stone for the future, but what is happening today – and who are the game-changers? Learn about the companies that are turning corners right here.
Raiz is an investment app that works differently from most other investing apps. It works by collecting your leftover change from everyday purchases and using this money to invest in stocks and other commodities. For example, you may buy a coffee for $3.70, and the change rounded to the nearest dollar can be used to invest (at your discretion). Another fintech businesses doing similar things is Acorn.
eToro is one of the biggest platforms that allow everyday people to trade stocks, shares, crypto, gold and much more from their desktop or mobile app. It has a growing following and is quickly becoming the name in the game. But eToro isn’t just created to use fintech for Forex trading, trading shares and so on. It can also be used as a passive income by using their popular copy trading function. This is where you deposit money for a seasoned and trusted investor to trade with – and hopefully, make you money without any knowledge or effort on your part.
Imagine having a bank account in multiple countries worldwide so you can travel without worrying about local currencies and hefty exchange fees. You can – and you can connect multiple bank accounts with one bank card from TransferWise. This fintech mainstay is now even offering businesses the chance to invoice other companies in any currency on their books.
Suplari is a company heavily dependent on sophisticated machine learning. It is a tool for businesses that want to better manage their finances and look for ways to cut costs and spend money more wisely. Suplari could help your business to save more and manage costs more effectively across departments.
5. Credit Karma
Credit Karma is a solution for people who want to access their credit file without paying for it. It provides unlimited access to personal credit reports and can help before applying for loans, credit cards and mortgages. They will even recommend credit opportunities and can assist if you need to dispute errors on your credit file.
Fintech in 2021
2020 has been a fantastic year for this sector and 2021 is poised to be another. Due to the worldwide events of 2020, more businesses have switched to an online model or emphasised their online presence. And with this trend, industries could rely on fintech more than ever in 2021