10 Fastest Growing FinTech Companies to Watch 2021

Financial technology, or FinTech, is the integration of technology to automate financial services such as mobile banking, investing, and loan services. It saves time and manual labor which is why many large corporations and businesses have implemented these services.

FinTech makes banking more convenient. Instead of waiting in long lines at financial institutions, financial transactions can take place anywhere, at any time. This includes real-time investments, and stock market trading.

Fintech also stimulated the creation and rise in popularity of cryptocurrencies such as Bitcoin. The digital lending process has seen a rise in usage as well. This has proven to be particularly useful for small and medium-sized enterprises, for obtaining capital for their ventures.

The implementation of a lockdown by many governments worldwide, due to the COVID-19 pandemic, accelerated the usage and development of financial technology. Robotic Process Automation, also known as RPA, is one of the newest trends in FinTech. 

RPA uses artificial intelligence to automate the processing of personal bank information, including changing personal details or viewing a bank application status. Another innovative trend is AI chatbots which can conveniently help customers with their problems in real-time, therefore eliminating face-to-face customer service.

In short, FinTech is the incorporation of technology in financial services, to make it better, faster, and more accurate. This has made trading money, getting a loan, and investing more convenient. It has led to the automation of financial services in national banks, corporations, and small businesses and it will continue to expand further.

10 Fastest Growing FinTech Companies to Watch 2021

Coinbase

  • Brian Armstrong, CEO
  • Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.

Gravity Payments

  • Dan Price, CEO
  • We exist to stand with the little guy or gal business owner who believes in the American Dream and is willing to work to chase it. We do this by removing the headaches and hassles so often associated with accepting payments--from hidden fees, to shoddy service, to jargon-filled contracts that are impossible to understand.

Greenlight Financial Technology

  • Mario Petrucci, CEO
  • Greenlight makes a debit card for kids and a mobile app that empowers parents with convenient controls to safely manage family finances and create teachable moments around earning, spending, saving and giving. Greenlight is easier and more flexible than cash, with parental controls that allow families to manage exactly where, and how much their kids can spend.

Greyline

  • Matt Okolita, Managing Partner
  • Greyline stands alone in the financial compliance consulting field with a unique approach that utilizes innovative technology and seasoned professionals to reinvent the way firms think about their compliance obligations.

Lead Bank

  • Michael Beattie, Chief Technology Officer
  • Lead Bank is a community bank that fosters imagination, and offers significant expertise in payments, BaaS, compliance, and consumer lending, to its fintech partners.

OptiRisk Systems

  • Gautam Mitra, Founder and Managing Director
  • OptiRisk Systems is a UK-based company with a global reach that provides products and services for Optimisation and Risk Management solutions. OptiRisk is renowned for its research and development of models and software systems in the areas of Fund Management, Quant Models and AI&ML as applied to BFSI sector.

Paysend

  • Ronald Millar, CEO
  • Paysend is the next-generation payment platform enabling customers and businesses all around the world to pay, hold and send money online anywhere, anyhow and in any currency.

Plaid

  • Zachary Perret, CEO
  • Plaid is used by thousands of digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by many of the largest banks to make it easy for consumers to connect their financial accounts with the apps and services they want to use.

Stripe

  • John Collison, President
  • Stripe is a FinTech company that builds the Internet’s economic structure. It offers applications, and payment solutions to seamlessly manage revenue and business transactions, prevent fraud, and other exemplary services.

TrueAccord

  • Ohad Samet, CEO
  • TrueAccord is the leader in digital collections. By focusing on great user experiences, TrueAccord provides businesses with superior debt collection results. Our machine learning platform adapts to consumer behavior with personalized and empathetic communications to deliver the right payment option at the right time and channel.

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