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The fintech industry is one of the fastest-growing niches worldwide.
With an annual growth rate of 25%, the fintech market is expected to reach over $310B value in 2023.
These numbers motivate lots of entrepreneurs and startups to continue investing in the industry founding their own top fintech companies that surprise.
For these reasons, we decided to cover the topic of the best fintech companies, including:
NOTE: The list of organizations is sorted by the funding volume thus showing the biggest fintech companies first.
Established: 2011
Funding: $505M
Niche: Financial Services
Headquarters: West Coast, USA
Employees: >1000
Remitly is among the biggest fintech companies founded in 2011 by Matthew Openheimer in West Coast, the US.
Simply put, the organization provides an easy-to-use mobile payments platform that enables millions of users to make face-to-face international money transfers instantly.
How does the Remitly app work?
Everything users need to start making money transfers through Remitly is to create an account by installing an iOS App Store or Google Play Market application.
Next, you should set up account details like name, address, phone number, etc. Once done, you can select payment and delivery options suitable for your needs.
Ultimately, you should complete the verification process, make instant person-to-person international money transfers, and share details with a recipient.
What are the core features of Remitly?
Let’s now explore the core functionality provided by Remitly, one of the top fintech payment companies in the USA:
Apart from the main mobile money transfer service platform, Remitly has released Passbook – an intuitive and powerful mobile solution for the US immigrants aiming to store, spend, and send money.
Shortly, Passbook refers to a money management application that provides such benefits as:
Since 2013, Remitly – one of the biggest fintech companies – has acquired over $505M funding through 13 investment rounds.
The brand was supported by such giants as Visa, Symphoni, Generation Investment Management, and others.
What’s more, the company’s annual revenue hit $257M in 2020, doubling from 2019 with only $122M.
Apart from that, one of the biggest fintech payment companies, Remitly was valued at $1.5B in July 2021after completing the $85M investment round.
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Established: 2011
Funding: $323.2M
Niche: Finance, Payments
Headquarters: Greater Boston Area, New England, US
Employees: >600
Flywire makes the list of the top fintech companies in USA founded in 2011 by Mike Marasso.
The organization provides a top-notch digital global payment network to make transactions seamless and smooth for travel, education, healthcare, and B2B business spheres.
Simply put, Flywire offers an intuitive and powerful platform that allows reconciling and receiving payments time- and cost-effectively.
Since 2011, one of the largest fintech companies in USA, Flywire has successfully raised over$320M of investmentsthrough 9 funding rounds.
Sunley House Capital Management, Advent International, Goldman Sachs, and Marshall Wace are among the most well-known investments that supported Flywire to grow its platform.
Let’s check several quick facts about Flywire:
Flywire | Top Fintech Companies
What Companies Trust Flywire
Currently, the company supports over 2,400 clients around the world providing them with feature-rich payments solutions across 240 countries and serving >140 currencies.
Munson Healthcare, UCLA Health, Ian Taylor Trekking, University of Virginia, and HULT are the biggest organization that use cutting-edge payment solutions by Flywire, one of the biggest fintech companies.
Flywire Clients | Best Fintech Companies
Established: 1959
Funding: $250M
Niche: Financial Services, Big Data, Analytics
Headquarters: London, United Kingdom
Employees: >10,000
IHS Markit Digital is a large organization providing analysis, information, and consulting solutions founded in 1959 by Lance Uggla in London, the UK.
One of the biggest fintech companies, IHS Markit offers next-gen data, analytics and workflow solutions that improve decision-making and boost business-critical functions for multiple industries.
Let’s overview the key solutions offered by IHS Markit Digital:
For several years, the company has acquired more than $250M funding over 2 rounds. The brand was supported by Cappitech, Catena Technologies, Novation Analytics, Ipreo, and DeriveExperts.
Let’s discover several quick facts about IHS Markit:
IHS Markit | Best Fintech Companies
Core Achievements of IHS Markit
The company has been showing exciting results through delivering cutting-edge software solutions for hundreds of thousands of users across the globe.
This helped achieve high recognition getting multiple awards like the #33 rank in World’s Most Innovative Companies 2018, #69 rankin Most Innovative Growth Company 2014, #1112 rankin Global 2000 2021, and many others.
Established: 2012
Funding: $229M
Niche: Financial Services, Fraud Detection
Headquarters: Tel Aviv, Israel
Employees: >600
Riskified is one of the top fintech companies established in 2012 in Tel Aviv, Israel, by Eido Gal and Assaf Feldman.
The platform provides frictionless fraud management functionality for eCommerce players to boost profit, reduce maintenance costs, and eliminate multiple risks.
Let’s explore the key features offered by the Riskified app:
Since 2012, Riskified has successfully passed 6 funding rounds, raising over $229M with the help of such investors as Winslow Capital, Qumra Capital, General Atlantic, C4 ventures, and others.
In 2018, one of the top fintech companies was valued at over $1B, with >$100M annual revenue in 2019.
What’s more, the average annual revenue per employee is over$130,000, with about 692 employees on board.
Let’s summarize several quick facts about Riskified:
Riskified | Best Fintech Companies
Brands Using Riskified
One of the largest fintech companies, Riskified is trusted by leading merchants that leverage multiple benefits of the platform to boost order approvement, assume chargeback liability, and improve risk management.
Revolve, Acer, Trip.com, Prada, Finish Line, Wish, Swarovski, and many other global top merchants trust Riskified to make their eCommerce business safe, accessible, and frictionless.
Riskified | Fintech Best Companies
Established: 2017
Funding: $68.8M
Niche: Financial Services, Blockchain
Headquarters: Marina Del Rey, California, United States
Employees: >60
Spring Labs is among the top fintech companies California, in the Blockchain and secure data transferring industries established in 2017 by Adam Jiwan.
The organization provides multiple Blockchain-based digital solutions using the Spring protocol.
It allows financial institutions to share sensitive credit and identity data within a single protected network.
The network utilizes advanced tokenization and matching technologies. They minimize fraud risks thus offering a secure global financial ecosystem for credit unions, banks, and other financial parties.
Let’s take a look at the core digital products of Spring Labs:
For the last 4 years, one of the largest fintech companies, Spring Labs has shown significant growth acquiring $68.8M over 3 funding rounds.
August Capital, GreatPoint Ventures, and TransUnion are the key supporting investors.
Currently, the company has $8.2M annual revenue with an over 15% annual employee growth rate.
Established: 2016
Funding: $62M
Niche: Financial Services
Headquarters: Greater New York Area, US
Employees: >100
MANTL is among the best fintech companies offering workflow management and automation tools for credit unions, banks, and financial institutions.
The organization was founded in 2016 by Nathaniel Harley in Greater New York Area, US.
Let’s see the core opportunities offered by MANTL’s platform:
Since 2016, MANTL has successfully passed through 8 funding rounds, raising over $62M with the help of such investors as CapitalG, BoxGroup, OldSlip Group, and Vine Ventures.
Besides, the company has shown $13M estimated annual revenuewith $130,00 yearly average revenue per employee.
Let’s now dive into the quick facts about MANTL to know more valuable information:
Mantl | Best Fintech Companies
What Companies Use MANTL
One of the largest fintech companies in the USA, MANTL is trusted by such well-known organizations as Cross River, Quontic, Midwest BankCentre, Flushing Bank, and Radius Bank.
Established: 2017
Funding: $58M
Niche: Insurance
Headquarters: New York, United States
Employees: 92
Clyde is one of the largest fintech companies in the insurance industry, established in 2017 by Brandon Gell in New York, the US.
The organization offers best-in-class end-to-end product protection software designed to help businesses of any scale from startups to large enterprises ensure a high transaction security process.
Being one of the top fintech companies, Clyde offers a product protection tool.
It helps merchants supply their customers with purchase warranties and accident coverage to grow customer loyalty and increase revenue.
Let’s now dive into some key features of Clyde’s fintech software platform:
Clyde has successfully raised over $58M funding through 5 rounds supported by such enterprises as Headline, Crosslink Capital, PrivCo, and others for the last couple of years.
What Companies Trust Clyde?
One of the top fintech companies in New York is trusted by such brands as VAIO, Shark Ninja, Hydrow, PALM, Chili, and Molekule.
Here is what the Chili team said about their cooperation with Clyde, which gave them a 5X industry attachment rate growth and an 18% overall attachment rate boost.
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We hope our list of top fintech companies has proved the whomping growth of the financial technology industry and will help you choose the preferred niche for your startup/company.
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Daniil specializes in content marketing and has a deep knowledge of promoting the company's products and services through high-quality content. On the Ascendix blog, Daniil shares his tricks and tips on custom software development, provides technology trends and insights, and helps you get valuable content to make your business even more successful and profitable.
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