Do you use an app to track your monthly expenses to make smarter financial decisions? It is not an exaggeration to say that Fintech is now embedded in our day-to-day lives as it transforms the way we spend, save, borrow and invest. Fintech is not limited to just banking but also involves industries such as retail, automotive, manufacturing, and non-profit sectors. The fintech industry is set to transform the user experience as it leverages the latest technologies and is backed by investment from venture capitalists. Let us explore the top 10 fintech companies to keep an eye on in 2022:
1. Trade Republic
Want to beat inflation? Thinking of trading long or short with derivatives. Trade republic helps you grow your income by investing in stocks, crypto, and derivatives. Trade Republic is a German-based startup founded in 2015 that creates seamless and secure access to the financial markets. Trade Republic has successfully raised $995.5M from 10 investors.
2. CRED
Ever thought of getting rewarded for paying credit bills? Well, Cred rewards you for paying your credit card bills. Whenever you pay your credit card bills on CRED, you will be awarded CRED coins. What can I do with CRED coins? You can use CRED coins to win exclusive rewards or get special access to products and experiences curated for you. This fintech startup has successfully raised $922.2M from record 33 investors.
3. BlockFi
Do you want to earn crypto? This US-based company specializes in lending in different currencies in exchange for cryptocurrencies. Not only this, but BlockFi also provides interest rate accounts for cryptocurrency holders. You can even get rewarded for bitcoin by getting a credit card. BlockFi has successfully raised $850M for its funding in 2021 with 850 people employed by this crypto-asset trading startup.
4. Rapyd
Need a faster and hassle-free way to accept and send payments? Here comes Rapyd to your rescue. You just have to create a Rapyd account and send payment requests to your customers. Rapyd enables you to send faster payments whether it is within or outside the borders. Rapyd is the world’s largest local payment network and has attracted $770M from investors.
5. Atom Bank
Heard about an app-based bank? This fintech is United Kingdom’s first app-based bank that helps make things seamless for the customers. Atom Bank designs its products to be seamless and hassle-free at affordable rates. Atom Bank has successfully raised $741.6M from 16 investors including Infinity Investment Partners and Banco Bilbao Vizcaya Argentaria as its recent investors.
6. Mollie
This Netherlands-based startup helps you grow your business through seamless payments. Mollie was founded in 2004 and provides a variety of services, including an online payment processing option for merchants and user-friendly payment options for the end-users. Mollie has secured $675M from the investors for its expansion with 515 people in the workforce.
7. Square
Square is revolutionizing the way merchants use their credit cards for their business. Square has a small business platform known as Square Capital which has gained popularity among larger merchants. The Cash App of the square has a thriving user base with a double user base over the year. The Square Online Store is a relatively new platform with a high potential for growth as it helps merchants build an omnichannel presence through its curbside pickup facility. Square has raised $ 601.2M with funding in over 10 rounds.
8. Fenergo
Need help with the compliance requirements? Too many regulations to keep track of. Fenergo can help you with the compliance requirements. This Ireland-based startup launched in 2008, received more than $600M in funding, and currently employs a workforce of more than 700. Fenergo helps to identify clients, manage the information and monitor real-time transactions while keeping track of the compliance requirements.
9. Dapper Labs
This Canadian startup has been named the #1 gaming company in the world along with being recognized as among the top 50 most innovative companies. Heard about Cryptokitties? Dapper Labs is behind the success of Cryptokitties. But how does it work? Dapper Labs leverages blockchain to create fun-based games. One such example is UFC Strike which allows you to build a digital profile where you get a chance to connect with your favorite UFC player by collecting NFTs.
10. BharatPe
Can you name some of the biggest fintech startups in India? Bharat Pe will be in your mind. BharatPe is one of the biggest fintech startups in India that was founded in 2018. BharatPe provides financing options that one might not find with traditional banks. BharatPe charges you zero transaction fees and no monthly costs which makes it well suited for the expansion of small and medium-sized businesses. BharatPe has received $545M from the investors which will be deployed to the development of new products and services.
