The Best FinTech Startups in 2024

The Best FinTech Startups in 2024

FinTech startups and companies are the talk of the town. These types of industries are making a huge difference in the way we go about managing our finances.

It’s good to keep an eye on these types of firms since they are some of the companies with the quickest growth rates. If you are looking for a way to make a sound investment that will offer great returns, then you should find out more about these techno-driven companies.

In this guide, we are going to share more information on these types of financial institutions. Read along as we share info on FinTech companies that are bound to grow substantially in the upcoming few years.

What Is FinTech?

fintech and cloud computing mesh network

FinTech stands for Financial Technologies. This type of technology covers a broad spectrum of use, so it can be challenging to define. In a nutshell, FinTech refers to any type of financial technology that businesses can use to automate, enhance, or ease their financial services within the company or between the company and the consumer.

Numerous companies leverage this type of technology to provide higher-quality services to customers and ease the challenges associated with finances and transactions. A great many different software apps also use this type of technology for easier transactions or financial services.

Some of the most common examples of FinTech software include mobile banking apps, stock trading platforms, advanced payment and refund options for e-commerce sites, and peer-to-peer payment services.

History of FinTech

This technology might seem like it’s new, but it has been around for quite some time. The first form of FinTech concepts dates to the early 1950s when people started using credit cards to replace the need to carry around physical money.

These digital financial services kept evolving and it eventually became possible to do stock trading services and a couple of other financial services online.

PayPal was founded in 1998 and was the very first FinTech company to operate primarily on the Internet. Today, it’s still one of the biggest companies in existence.

The technology was further revolutionized and currently offers a great many services. Consider the many ways day-to-day transactions are performed in our current lives, not limited to:

  • Mobile technology
  • Data encryption
  • Payment apps
  • Blockchain networks

The Key Technologies Used by FinTech

cloud computing technology

FinTech is rapidly evolving and new solutions are developed on an almost daily basis. Tech solutions need to be built robust and must be able to advance and adapt. The main reason is the powerful, ever-changing technology that makes it possible to create these types of businesses or service providers.

Here is a quick look at some of the key technologies that are making it possible to provide advanced financial solutions.

Cloud Computing

Cloud computing refers to computing services that include servers, storage, databases, networks, software, analytics, and the Internet. There are many different technologies and uses for cloud computing.

A common example is streaming platforms like Netflix or Showmax that store data remotely but allow a vast group of people to access this stored data through a website.

Another good example is a data storage platform like Google Drive or Dropbox. These allow people to store media files or data remotely and access this information via online devices like mobile phones or computers.

Cloud computing is one of the enabler technologies without which FinTech wouldn’t exist today. This type of technology benefits FinTech in many ways. Some of the most obvious perks include allowing FinTech to operate affordably, and store and access information securely. Plus, cloud computing provides a way for FinTech to manage vast amounts of data stored remotely.

Web Technology

Web technology is a type of communication method computers and devices use. This is one of the key components that made digital financial technology, such as online banking or digital trading, possible.

Web technology also makes it possible for the average consumer to use FinTech resources. The tech helps reduce the general operational costs that are usually associated with banking.

Mobile Technology

There are currently many FinTech companies that provide mobile apps so consumers can easily tend to their financial obligations. With the help of mobile technology, you can now do just about anything with your smartphone.

You can invest in currencies, do stock trading, budget, make online payments, and so much more. Many operations can be done from your mobile device from any location on the planet.

Artificial Intelligence

AI (Artificial Intelligence) already has many abilities and it’s still in its early development phase. AI technology can already perform all sorts of activities like machine learning, robotic process automation, and language processing.

This technology makes it easier to automate certain financial services. It also allows app developers to identify natural human patterns or behaviors, which helps develop better and more advanced financial software.

IoT (Internet of Things)

The Internet of Things refers to a collective network of connected devices and technology that facilitates communication between different devices, the cloud, and the people using these devices.

This type of tech offers financial institutions a great many benefits. It makes it possible to track and identify those who perform financial crimes.

These systems allow FinTech software to offer better service delivery. It’s also useful for training inexperienced users and easing connectivity for different types of devices.

Blockchain Technology

Blockchain technology is a huge key component in FinTech because it creates a secure space for decentralized transactions. The technology is tamper-proof and ideal for all sorts of financial services such as digital currencies, payments, and smart contracts. The software reduces the risk of fraud and enhances transparency.

Biometric Authentication

Biometric authentication technologies refer to technology such as fingerprint, facial, and voice recognition. Essentially, this technology authenticates any part of your biological form that can be linked only to you. This is a huge game-changer and enhances security across different devices and platforms.

In many FinTech companies, it’s already used to replace traditional security solutions such as PINs or passwords. These verification processes are terrific for reducing fraud or unauthorized access in software systems like banking apps.

Big Data Analytics

All financial transactions involve vast amounts of data that need to be effectively stored and analyzed to perform various functions. Big data analytics is the type of software that is used to process these vast amounts of information.

The technology is used to identify patterns, detect fraudulent activities, predict realistic outcomes, and much more. This technology can be leveraged for a huge variety of financial purposes. It enables FinTech companies to offer investment advice, perform credit scoring, and make accurate predictions regarding certain investments or financial activities.


RegTech (Regulatory Technology) enables companies within the FinTech sector to follow specific regulations enforced by their country or within that specific company.

In the financial sector, it can be difficult to keep track of different regulations, especially when a FinTech company offers globalized services. RegTech is helpful for monitoring and reporting financial processes so these companies can operate legally and so everyone using these services will comply with their regulations.

Security Technologies

Banks and financial institutions need to rely on various security technologies in order to prevent fraud and hacking. These businesses must protect against the loss of information, and stay safe and secure.

A huge variety of security technologies such as AI/ML, MFA, Biometrics, Data encryption, Digital signatures, DevSecOps, API security, and other software engineering practices.

Many operations like these are used to enhance the safety and reliability of FinTech businesses. They appreciate its ability to guarantee that all users stay safe when making use of digital financial services.

Different Types of FinTech Companies

Company meeting

FinTech is a type of technology that covers a very broad spectrum and there are many different types of FinTech companies out there. It’s also important to realize that some FinTech companies may offer more than one service.

Here is a quick look at some of the different types of FinTech solutions that these technology-driven industries might offer.

Digital Banks

Most FinTech companies fall under this category because they offer some form of online banking. The services of these types of companies can vary a lot. Here is a quick look at some of their most common services.

  • Open bank accounts online with minimal documentation
  • Make or ask for local payments
  • Make or ask for international payments
  • Create and share invoices
  • Obtain bank statements
  • Make loans
  • Buy shares or investments
  • Act as a financial advisor
  • Helps with making financial decisions

Most traditional banking institutions have upgraded their services to offer online banking solutions. Nevertheless, many digital banks solely operate online. Some of the most common examples include companies like AfterPay, Paypal, Ant Financial, CashApp, and Venmo.

Most traditional banks that make use of advanced banking technologies are also considered FinTech companies.

Mobile Payment Companies

Mobile payment companies do technically fall under the Digital Bank category, but they may offer some differences. These types of companies mostly rely on QR codes to pay for things or to receive funds. It’s a good solution for the average individual or small businesses since you can use your smartphone to send money to friends and family.

With more than 450 million users, Alipay by AntGroup is the most popular mobile payment company but there are also plenty of other popular mobile payment FinTech companies like Cash App, PayPal, Zelle, Block, and more.

International Money Transfer Companies

Some digital banks or mobile payment companies only offer localized services. There are, however, some companies that offer international money transfer services.

In the past, you had to make use of traditional banks, private companies, or post offices for international money transfers. Now, you can use FinTech companies like Wise, Rewire, Paysend, or TransferGo to pay migrant workers or to send money home from a remote working destination.

Investment Companies

Anyone can now become successful with trading or managing their investments because FinTech investment firms make it possible to buy and sell shares, invest in cryptocurrencies, or obtain financial news. Thanks to this perk, you can now make informed decisions on the go.

Robinhood was the company that popularized this type of investment method. However, there’s currently a great variety of other investment FinTech companies like Acorns, Personal Capital, and Ellevest that can also be used for stock investing or trading.


FinTech insurance companies make use of technology to create customized insurance deals for their users. These companies use AI, big data, algorithms, and machine learning to create these customized insurance packages.

They tend to offer their policies at a much more affordable rate compared to traditional insurance companies because FinTech insurance companies don’t need many employees to operate. It can be a bit tricky to be accepted by these types of insurance firms, but they do offer quite a few benefits. Most FinTech insurance firms offer localized services.


Proptech companies are FinTech companies that offer real estate services. These types of companies simplify the mortgage process because many of their services are automized and the technological infrastructure makes it much easier to obtain financing for properties.

Some of the best examples of proptech companies are Cadre, Divvy Homes, Airbnb, and Rightmove.

Regtech Companies

Regtech (regulatory technology) companies are financial institutions that help people overcome problems associated with tech-driven systems. These companies can offer different types of services and can be great for reducing money laundering, eliminating data breaches, identifying fraudulent activities, and some are even designed to enhance your cybersecurity.

Some of the most common regtech companies are Hummingbird, ComplyAdvantage, Forter, PassFort, and Silverfinch.

Lending Companies

Lots of digital banks allow you to make loans and pay back those plans at an agreed interest rate. There are, however, FinTech companies that specialize in loans. These companies offer a much wider range of financial services at lower prices or lower interest rates compared to traditional lenders.

Some of the most common lending companies are firms like Pay Later, Buy Now, and Lending Club.


There are thousands of cryptocurrencies out there and people can make a lot of money by investing in these digital currencies. Cryptocurrencies can be a bit of a wild card since some of these digital currencies are complete scams that end up costing people a lot of money.

Some of the most renowned cryptocurrencies include companies like Bitcoin, Ethereum, Tether, and BNB.

While cryptocurrencies are considered FinTech companies, other types of FinTech firms are only designed to help you invest in cryptocurrencies and manage your investments.

Blockchain Companies

Blockchain is a very complex industry to understand. It technically falls under the RegTech department, since these types of firms are designed to offer solutions to problems associated with technology.

Blockchain companies help enhance the security and authenticity of certain firms like cryptocurrency. This is because blockchain creates secure backups of all transactions and these transactions can’t be altered at all but can be reviewed for informational purposes.

What Is a FinTech Company?

Business man working on finance markets

A FinTech company refers to a type of company that offers some type of financial service or application that is rooted in heavy technology. Most modern businesses use some form of FinTech through software like banking apps, but not all companies that use financial technology are FinTech Companies. A FinTech company is a type of financial service that other businesses, consumers, or individuals can leverage to do business.

For example, a local e-commerce site like a shoe store isn’t a FinTech company. The software they use for making these online sales, keeping track of inventory, or for online banking, are FinTech companies.

There are millions of FinTech companies all over the world and the software can be designed to manage everything from business inventory to ‌online operations. There are even FinTech solutions to support consumers or individuals who might not have their own bank account.

Considering that it’s estimated that nearly 6 million people worldwide don’t have a bank account, you can imagine how FinTech FinTech businesses or services have increased dramatically over the past few years.

What are FinTech Startups?

FinTech startups refer to new and innovative companies that offer digital financial solutions. Plenty of new FinTech companies are started each year. There has been steady growth in new FinTech companies over the last few years.

In America alone, there were 5,868 FinTech startupsin 2018, and this number gradually increased to 11,651 startups by May 2023. Other regions might not produce quite as many new FinTech companies, but the growth and development across the globe are still quite impressive.

Las Vegas has become a budding hotbed for start-up companies. As of 2022, more than 1,200 start-up tech companies were registered in Las Vegas, and that number has continued to grow. Although still in the beginning stages, there is a feeling around the gaming capital that the fintech industry can thrive.

With city support like the newly built International Innovation Center and state-funded investments, these new companies are bringing in large amounts of money to the local economy.

Top Financial Technology Startups to Know About in 2023

relaxed informal it business startup company

New FinTech companies are established on an almost daily basis. Not all of these companies end up becoming profitable or surviving the early startup phase, though. Investing in a startup company might be a bit risky, but these types of investments do tend to pay off very well if the company takes off.

For example, those who invested in Bitcoin during its startup phase ended up making significant amounts of money from even small investments. Many are still successful with Bitcoin investments, but the success rate is much lower compared to those who invested when Bitcoin was still new.

If you are looking to invest then it’s best to place your money in a startup that shows a lot of promise and experiences lots of fast growth. Here is a quick look at some of the most promising FinTech companies or startups that were recently started and experienced fast growth in 2023.


Funding – $1.2 Milion

Location – Florida

Founded – 2021

Debbie is a very young FinTech company that was only established in 2021. This company allows users to create a custom debt freedom plan.

It includes a reward system for those who achieve their goals, so it’s suitable for anyone who wants to claw their way out of debt. The platform is very rewarding to use since it will even reward you with cash for every completed task.

Creative Juice

Funding – $20 Million

Location – Texas

Founded – 2021

Creative Juice is a type of financial platform for content creators. The company makes it easy to manage your earnings since it allows you to create invoices and even do your bookkeeping through this app.

It’s ideal for any content creator who sources income through different entertainment industries or social media platforms. This company was founded in 2021 and has already grown a great deal.


Funding – $949.6 Million

Location – New York

Founded – 2020

Capchase is a finance for buyers who want to acquire or use Saas (Software as a Service) immediately but pay for it over time instead of upfront. With this company, you can acquire the needed software for your business and pay for it in comfortable and flexible installments.

This company was established in 2020 and has already grown tremendously within just three short years.


Funding – $17.1 million

Location – Los Angeles, California

Founded – 2020

Daffy isn’t the biggest startup on our list, but it certainly deserves a spot because it’s one of the most virtuous industries you can use. This company provides low-cost entrance into DAFs so anyone can invest in charities.

Daffy is an ideal solution for anyone who wants to support non-profits or causes. It’s also surprising to see how much this noble startup grew since it was only established in 2020.


Funding – $118.9 billion

Location – United Kingdom

Founded – 2019

Uncapped was created in 2019 and it has already secured 118.9 billion in funds from investors. This startup offers financial solutions for online businesses.

It’s so popular because it doesn’t require any equity, personal guarantees, or credit checks from users. Any company can create an account and enjoy the same flat fee and fair financial treatment as all the rest of their clientele.


Funding – $80 Million

Location – New York

Founded – 2018

Lili is a neobank that empowers businesses and freelancers. This neo-bank offers tailored banking solutions. Its app includes various tools like expense tracking, tax tools, and many more that ease day-to-day transactions and budgeting.


Funding – $152.2 Million

Location – California

Founded – 2017

Mercury is a digital bank that is specifically developed to support startup companies or growing status. This digital banking platform offers various tools that allow you to manage your cash flow, process payments, and derive analytics from a single platform. Mercury is transforming the way new businesses are running and is making it a little bit easier to start up a new firm.


Funding – $62 Million

Location – Utah

Founded – 2017

Spiff is a type of financial software that helps businesses manage commissions, payments, payroll, and much more. The software is also designed to connect systems and match records so you can increase your sales and you can use it to build reports. It’s one of the very best financial apps to use if you are a commission-based firm or employer.


Funding – $15 million

Location – New York

Founded – 2020

Pogo is a rewards program or company that allows you to earn a passive income from shopping and other online tasks. This app also automatically helps you find ways to save money on bills, insurance, or banking fees. This app is pretty young since it was founded in 2020, but it has shown significant growth in just three years.


Funding – $750 million

Location – New York

Founded – 2019

Ramp is an expense management platform for businesses. This online platform is ideal for startups and small businesses and it allows you to easily control how much you spend, manage bill payments, and keep track of vendors. This USA-based company already raked up a whopping $750 million in investments and we are certain that it will keep growing.

Matter Labs

Funding – $800 million

Location – Germany

Founded – 2019

Matter Labs is a German-based company established in 2019 that focuses on blockchain and assists in easing crypto payments. They have a surprising number of funders or investors for a company this young, especially since they only have about 30 employees.


Funding -$52 million


Founded – 2020

Sardine helps prevent fraud in the digital economy. This all-in-one fraud detection company offers risk management services to financial institutions or other FinTech companies. It’s a good company to trust if you want to avoid scams, prevent bot attacks, or want to filter out fake mobile apps and pinch websites. In addition to these digital solutions, they also offer other financial products that allow you to safely and easily do business.


Funding – $100 million

Location – USA, New York

Founded – 2019

Unit offers good solutions for businesses that need financial services like accounts, cards, and credit cards or need other financial services like lending or safe payments. This banking and lending digital platform makes it easy to store, move, or lend money and they have some interesting solutions that can help you boost your revenue.


Funding – $25 million

Location – US

Founded – 2020

Truv’s services are localized and only for US-based companies. This FinTech startup offers various services such as direct deposit switching, insurance verification, employment history verification, income and employment verification, and much more.

It’s an ideal solution for businesses that want to do a background check or check the credit scores of potential employees or customers before signing contracts with these individuals.


Funding – $10 million

Location – Singapore

Founded – 2021

Friz acts as a copilot for social media sites and allows you to easily keep track of your social media accounts. The software is great for generating posts, since it offers a monthly social calendar and allows you to schedule all of your posts. The software also offers analytics so entrepreneurs can keep track of the performance of marketing posts.

Jupiter Money

Funding – $771 million

Location – India

Founded – 2019

Jupiter Money offers digital retail banking services and makes it easier for companies to keep track of their expenses. But this company isn’t just practical for businesses. Anyone can open a savings account with Jupiter money and use this account to shop, order food, or even as a social platform to chat with others.


Funding – $109.1 million

Location -New York

Founded – 2016

Rally is a type of business model that assists in the buying and selling of equity shares. This financial market is suitable for people of all income levels who want to invest in collectible items.

The platform is designed to source and verify noteworthy collectible items from across the globe and makes it easy to acquire these rare and unique items. It’s a suitable platform for any type of collectible item, from historic comic books to wine.

10 Most Valuable FinTech Companies of 2023


Many FinTech companies have already made it big in our world, but some companies are a lot more successful than others. Let’s take a look at some of the biggest or most valuable FinTech companies currently in existence.

Ant Group

Value – $170 billion

Location – China

Founded – 2014

Ant Group, previously known as Ant Financial, is currently the biggest financial technology company in the world. This company is an affiliate firm of China’s Alibaba Group and it owns a few platforms including:

  • Alipay (one of the world’s largest digital payment platforms)
  • Yué Bao (a money market fund)
  • Zhima Credit (a credit card rating system)

Some of China’s largest financial corporations, such as China Investment Corp, China Development Bank Capital, and China Life, have already invested in the Ant Group.

Stripe, Inc.

Value – $95 Billion

Location – America

Founded – 2009

Stripe was founded by Irish brothers Patrick Collison and John Collison and has many investments in various banks. Currently, Stripe is in collaboration with other apps like Kickoff and Paystack. It’s America’s most-valued FinTech company with a total value of $95 billion.


Value – $71 billion

Location – Netherlands

Founded – 2006

Adyen is a FinTech company based in The Netherlands and it enables merchants or businesses to do international or local transactions through common card networks like VISA and Mastercard. They expanded globally in 2011 and currently hold offices in numerous cities including London and San Francisco.


Value – $56 Billion

Location – California

Founded – 2012

Coinbase is a type of digital trading platform that allows people to invest in all sorts of cryptocurrencies. This company was established in 2012 and it’s one of the most reliable and popular trading platforms in the world.


Value – $51 billion

Location – 2009

Founded – US

Square is a technology company that deals in software and hardware aspects of mobile payment and point-of-sale operations. This company functions in collision with many other large firms such as Starbucks, GIC Private Limited, Goldman Sachs, Angel Investors, and many others.


Value – $46 billion

Location – Sweden

Founded – 2005

Klarna is also known as Klarna Bank and it offers various financial or banking services such as credit card payments, debt collection, general payments, and more. This banking technology is Sweden-based but their services are available in 15 different countries.


Value – $41 billion

Location – Latin America

Founded – 2013

NuBank offers numerous international banking services such as life insurance, personal loans, credit cards, and many others. This online bank or software is based in Latin America and the company functions in collaboration with numerous other firms such as Sequoia Captial, Goldman Sachs, and many others.


Value – $33 billion

Location – London

Founded – 2015

Revolut was founded in 2015 by Nik Storonsky and Vlad Yatsenko. This London-based company offers various banking and financial services that function under a single platform.

The platform allows you to make investments in cryptocurrencies or stocks. It also gives you access to budgeting tools and enables you to perform all sorts of banking tasks. It’s one of the biggest FinTech companies in the United Kingdom.


Value – $32 billion

Location – California

Founded – 2013

Robinhood is an American-based financial service company that offers commission-free trades for US stocks and cryptocurrencies. This is done via a mobile app that also allows you to perform other actions or view your individual retirement account. This company is particularly popular among youthful or millennial investors.


Value – $25 Billion

Location – San Francisco

Founded – 2013

Chime is a neobank or online bank that offers banking services without any monthly charges or maintenance fees. Instead, this company obtains revenue from interchange collections (transactional costs). By 2020, this company already had 8 million users, and they have been growing steadily ever since.


FinTech Startups are businesses you definitely should keep an eye on. This is especially the case if you want to invest in something that will show lots of quick growth or if you are someone who loves all the financial and security solutions that these types of companies offer.

We hope that you enjoyed our guide! We welcome you to have a look at some of the other guides and articles we have onCC Startup. With our guides, you can find info on all the latest and best startup companies in every industry.

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