Top 5 Fintech Companies to Watch in 2021: Online Banking Finally Here!

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Customers’ needs are persistently adopted by fintech organisations and integrated into their offerings. However, not every financial service will offer a comprehensive set of functions to meet everyone’s requirements. As a result, there is a rising need to evaluate which fintech businesses to invest in, particularly for customers who are unfamiliar with the complexities of finance and technology.

What Is a Fintech Company?

To begin, what exactly are financial technology companies? Fintech companies, as the name implies, use ‘technology’ to provide ‘financial’ services to customers. In other words, these are businesses that assist customers in managing their finances online.

Fintech firms also assist in the speeding up of processes that traditional financial services take. Short-term transactions are now available with just a few clicks thanks to fintech. Customers and organisations who subscribe to their services will no longer have to deal with the difficulty.

1 Acorns

Acorns are one of the driving forces behind the fintech revolution. Micro-savings, micro-investing, and robo-advising services are available to clients and users. Since its inception in 2014, the fintech firm has been a favourite among investors.

Despite the fact that it only launched in 2014, Acorn has attracted over 8.1 million customers and over $1 billion in funding. Organizations and partners choose the type of service they want. However, they are more appealing to millennials since they are more at ease using technology for any activity, particularly when it comes to their finances.

Acorns proudly offered their services to people who had problems saving and investing money in the traditional way.

2 Flywire

With its responsiveness to financial innovations, Flywire comes in second. They are growing in tandem with the industry. Flywire, on the other hand, focuses some of its efforts on partnering with banks, payment providers, and other fintech businesses to invest in. The rest is up to their services.

Flywire’s target market also benefits from their focus in collaborations. The fintech firm continues to adapt to the increased demand for fintech services among users and businesses. Flywire’s global alliance helps in the resolution of this issue.

They recently had a market capitalization of over $1 billion and processed over $16 billion in payments for over 2,000 firms throughout the world.

3 Braintree

Braintree is responsible for one of the top fintech services on the list. Accepting payments is easy with Braintree, whether in mobile apps or on websites. Traditional payment methods are being replaced and upgraded by their financial services. Users may simply pay and receive fees by using their single-touch feature.

In contrast to traditional banking, they provide a faster service. At the same time, they place a high priority on fraud prevention and other malicious intents.

In order to support partners and users, the fintech firm also prioritizes well-managed customer care.

4 ConnectPay

ConnectPay is one of the top fintech businesses to keep an eye on. It provides financial services for internet-based firms and is one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania, the leading fintech hotspot in continental Europe.

For the second year in a row, the MARE BALTICUM Gaming Summit named the fintech company the ‘Best Payment Service Provider’ in the Baltics – in 2019 and 2020.

ConnectPay is one of the greatest fintech startups to watch in the coming years, according to various credible publications such as The Silicon Review, Analytics Insight, and CIO Bulletin.

5 Chime

Chime is another financial startup worth investing in. With over 1 million accounts opened, the fintech startup is one of the fastest-growing digital banks in the United States. The mobile bank charges a nominal fee or no price at all for its services.

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