These Fintech companies were selected based on their distinct leadership, worth, market niche, and growth over the previous few years. In addition, we’ve given the top fintech ratings based on the caliber of their goods and recent IPOs that have bolstered demand. There are 1,367 FinTech startups in San Francisco. San Francisco is undeniably a large FinTech hub, with many rapidly growing companies and startups. The following is a list of 10 rapidly growing FinTech companies in the region.
Coinbase, Founded In 2012 – Cryptocurrency Exchange Fintech
After going public in April 2021, Coinbase’s Q1 earnings increased significantly. In addition to more than 8,000 institutions and 56 million verified users, Coinbase Global reported $1.8 billion in revenue (up from $190.6 million the year before).
One of the best cryptocurrency trading platforms available, Coinbase is tailored to newbies with its user-friendly interface. Users can trade both stablecoins and cryptocurrencies on Coinbase. In contrast to the intricate CoinbasePro, which targets experienced users and allows for a more diverse portfolio of cryptocurrencies not found in the former, it appears to forbid users from trading those they consider to be more volatile.
CreditKarma, Founded In 2007 – Fintech For Credit Scoring
Credit Karma will be incorporated into Intuit’s products and services following the company’s recent acquisition of Credit Karma, which is regarded as “one of the biggest fintech deals of 2020.”
In contrast to other companies, Credit Karma launched in 2008 and offered infinite free credit score tracking. They have since established themselves as the go-to resource for credit transparency for people looking to enhance their financial health and well-being.
Chime, Founded In 2013 – Personal Finance Websites
One of the first US banking options available only online was called Chime. And even though many people were initially suspicious, Chime became one of the most popular checking accounts in 2020.
In contrast to conventional institutions, Chime does not exclude customers with a troublesome banking history using ChexSystems. There are no monthly or overdraft fees for their services. Users who have built up a solid reputation on the Chime platform can borrow against incoming cash in the future.
Robinhood, Founded In 2013 – Fintech for Stock Trading
Robinhood was one of the first platforms to enable retail traders to buy and sell stocks directly from their mobile devices.
To meet the demands of its retail army, Robinhood evolved and added several new features in 2020, combining tools found on other retail trading platforms and enhancing the overall user experience. This was done as interest in retail investing and cryptocurrencies exploded in 2020 and 2021.
Square, Founded In 2009 – Payments Fintech
Square began as a mobile point-of-sale solution, enabling sellers to transact via mobile credit card scanners and providing businesses with more payment options than they had previously. Due to the nature of its business, Square quickly gained popularity among independent business owners who previously relied on nearby ATMs for payments at local fairs, flea markets, and swap meets.
HireAthena, Founded In 2010, – HR Fintech
A “tech-enabled, US-based, all-in-one back office solution focused on small businesses, high-growth startups, and micro-funding funding campaigns,” according to HireAthena’s description. Kristen Koh Goldstein founded this business with the idea that “we could bring moms across the US back to work using technology.”
HireAthena focuses on the accounting, payroll, and HR issues related to businesses so that shareholders don’t have to. It is an “on-demand labor marketplace.” This business offers chances to those who work from home and contributes its skills to the corporate world by offering HR and accounting services to the businesses it supports.
Alt Fintech, Founded In 2020 – Alternative Investments Fintech
Alt’s platform encourages people to use alternative investment methods by allowing them to buy and sell cards similar to the stock market. People send in their cards for valuation and authentication but receive free storage and safekeeping (all PSA and BGS graded cards are free, all others pay $5). Clients will only pay 1.5% to transact and will be able to build a viable portfolio of fully-insured assets on which to borrow.
Plaid, Founded In 2013, – Authentication Fintech
Plaid streamlines two-way banking transactions by verifying and authorizing account ownership and connecting via safe sign-on integrations. Their APIs enable banks to connect to consumer and retail-ready financial organizations, Fintech-like banks, and stock trading platforms.
Figure, Founded In 2018 – Real Estate Fintech
Figure’s innovative business model allows people to access cash while purchasing a home, gaining an equity line of credit, or lowering mortgage rates during the refinance process by integrating AI. Clients take advantage of Figure’s fantastic features when considering personal loan alternatives for necessary home improvements, debt consolidation, and long-term retirement planning.
Figure enables users to take advantage of their assets without being forced to cash out early. They may continue to earn on existing assets while paying for immediate needs.
Step, Founded In 2018 – Next Generation Fintech
“FinTech businesses can develop a more diversified and stable credit landscape by collecting data from social media and other sources to evaluate the needs of young businesses and borrowers on the outskirts of the banking system,” according to the International Trade Administration.
Step, a firm recently acquired by Stripe one of these solutions.