Fintech Craze Has Spread Around the World and These Companies Are the Best Contenders
Beginning as a disruptive force in the world of finance, financial technology (fintech) businesses have been elevated to become part of the standard practice for industry leaders.
Proof of its current popularity is the reported $32.6 billion worth of funding various companies in the niche have received by the end of 2018’s third quarter.
Its takeover continues as more and more fintech startups rise from regions like Africa and South America.
And thanks to the increase in competition these same companies have dipped their toes into new markets like insurance as well. Here are some of the industry’s rising stars to watch out for.
Raisin
First on the list is the German fintech Raisin. The investment and savings marketplace was dubbed a ‘unicorn’ in the niche after it managed to raise a whopping $114 million in the beginning of 2019. In total, Raisin has reportedly reached $178 million in funding.
It has also struck up partnerships with major German bank Commerzbank and another fintech Clearscore, which is based in the United Kingdom.
Coconut
Coconut, an accounting platform targeting small and medium-sized businesses, may not have raised the most when it comes to funding but its launches still managed to attract the attention of people in the industry.
Just last year, the UK-based company launched ‘Grow’, a subscription service that gives users year-end tax reports as well as limitless invoicing for a small fee.
This is expected to attract small and medium-sized business proprietors who need their accounting handled fast.
Volt Bank
All the way in Australia is the neobank Volt Bank. Aside from raising some $45 million worth of funds, the innovative institution boasts of being the first of its kind to receive a license in the country.
Volt Bank set out to initially offer a variety of retail banking products as well as account aggregation tools.
TrueLayer
Another UK-based fintech to watch out for is TrueLayer. The startup markets its application programming interfaces (APIs) to other fintechs.
It’s managed to raise $11.8 million and ink a partnership with Plum, a software company known for its artificial intelligence (AI) assistant to help with wealth management.
Brex
Another fintech serving other fintech’s is Brex, a corporate credit card provider based in the United States. Providing services for small businesses at first, it has set its eyes on expanding its customer reach to larger enterprises.
More in Food
-
`
Stop Gulping Too Much Lemon Water Or You May Suffer These Consequences
Lemon water has been praised for its link to many health benefits, including aiding in weight loss and boosting our immune...
May 7, 2023 -
`
5 Cooking Hacks for a Better Eating Experience
Cooking can be a fun and exciting experience, especially when you get to experiment with different flavors and techniques. However, it...
April 24, 2023 -
`
Constantly Looking for Food? Here Are Some Reasons You Always Feel Hungry
Getting hungry is nothing out of the ordinary — it is our bodies’ way of telling us that we need food...
April 4, 2023 -
`
If you Want to Look Like Jennifer Aniston, You Should Follow Her Sunday Routine
At 51, Jennifer Aniston joins the roster of gorgeous women who look like they’re only in their 30s. What could be...
April 4, 2023 -
`
This New Travel Offering Will Take You out of This World–Literally
Here’s some good news for people who have a taste for adventurous travel. Destinations will soon be broadened to include man’s...
April 4, 2023 -
`
Did You Know Cooking Meat at Lower Temperature Can Protect Your Heart?
Cooking food, especially meat, on low heat has been around for hundreds of years, perhaps since the discovery of fire. There’s...
April 3, 2023 -
`
The Mediterranean Diet: the Sure-Fire Way to Live a Healthier Life
The countries that lie across the Mediterranean Sea, such as Italy, Greece, and Spain, consume a diet based on fresh farm...
March 29, 2023 -
`
All Fruits Are Healthy But These ‘Super Fruits’ Pack More Nutrients – Here’s Why They Are Worth Adding to Your Diet
It doesn’t take a genius to know that fruits are one of the healthiest foods out there because they pack vitamins,...
March 27, 2023 -
`
Deciphering The Connection Between White Rice & Diabetes
Does frequent consumption of white rice increase the risk of you having diabetes? As unrealistic as it may sound, the answer...
March 18, 2023
You must be logged in to post a comment Login