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Fintech is a huge industry that has been growing exponentially in recent years. It’s estimated to be worth trillions of dollars globally, and is going to continue being a hot topic for a long time, allowing millions to spend and borrow money.

So what does “Fintech” mean? Financial Technology. It wasn’t too long ago the word “fintech” was unheard of. Now, it’s a term that has become synonymous with global financial ecosystems. Though the industry itself is still relatively new, it’s been picking up momentum in recent years. Many experts predict that it will only grow from here.

Fintechs rely on technology, often with a focus on mobile devices, to provide customers with convenient access to their finances. These companies are making banking more accessible and efficient for people all over the world. Let’s have a look at some of them.


Flywire is a company that offers payment solutions to companies and businesses. It has a global reach with customers in over 130 countries and has been around for over 10 years. They have been able to grow from an idea to an industry leader because of their dedication to customer service.

Flywire provides all types of services that are related to payments, including international transactions, cross-border business payments, as well as payroll services. In addition, Flywire provides specialized solutions for government agencies and the military. They are not a lending company so you can’t get an e-transfer payday loan from them or any other loans.

However, they may provide the technology for companies that may offer payday loans and such.


Robinhood has been known as a US-based mobile app that allows people to invest in stocks and ETFs without any commission. It is now expanding its services to the UK and Canada.

It’s UK version is currently free until the end of 2020. It has also added two new features: An investment option and a premium account.

Robinhood is a mobile stock trading app that has been operating since 2013. The company was founded by co-CEOs Vlad Tenev and Baiju Bhatt.

The app is relatively simple to use, yet it has a number of great features. The main goal of the app is to make trading stocks as easy as possible for everyone.

Gravity Payments

In 2007, Dan Price founded Gravity Payments as a credit card processing company. Over the years, as the company grew, Dan realized that as a CEO, he was making way more money than his employees. He took a stand and announced that he would be cutting his salary from $1 million to $70,000 and bringing all of his employees up to at least $70,000 a year.

Gravity Payments is on a mission to make the world a fairer place by paying their employees what they deserve and is creating tech that will help a lot of people.


Clyde is a collaborative fintech platform that gives companies access to a vast range of potential investors.
The platform is unique in that it uses AI to match investors with companies, without ever exposing any personal or sensitive information.

This allows the company to get the best deal for their requirements while keeping their data private and secure.
Clyde is definitely an upcoming company to watch for in the Fintech space in 2022.


Riskified is a company that was founded in 2012. They provide verification services for e-commerce companies. Companies that need to know the identity of their customers, before completing their transactions.

Their customer base has grown from just 5 users in 2012, to over 12,000 customers as of November 2017. The company managed to obtain this growth by collaborating with major e-commerce companies such as Amazon and Google.


Chime is a web-based service that allows the user to run a business from anywhere. The service offers a variety of features from chat to video conferencing. Chime promises to be the business phone system of the future.

The company was founded by Tomer Michaeli in 2012 with $25 million in funding. By investors such as Salesforce Ventures, Tencent Holdings, and Tata Communications . The company has rapidly grown since then. Their headquarters are in San Francisco and they have also opened an office in Tel Aviv, Israel for their R&D department.

The need for this service is clear. People are always on the move with their jobs, so it is hard for them to maintain an office space. Chime provides them with all of its services through one interface

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Affirm is a non-profit organization that provides financial services to those who have been traditionally not served by the banking system.

The Affirm offers low-cost loans and payments programs, as well as credit to those with poor or no credit history. It’s a financial tool to help those with insufficient funds for emergencies or short-term needs.
Loans are not intended as a solution for long-term debt, but rather to help people get through the occasional hard times.

Nonprofits like Affirm are an example of how fintech can be used in a social way, and to improve the lives of those who need it most.


Braintree is a payment processing service for online and mobile commerce. It provides the infrastructure to accept payments from various sources like credit cards, debit cards, and PayPal, and it can be used with a variety of point-of-sale systems.

A company that has Braintree Payment Processing is able to accept credit card or debit card payments online or at brick-and-mortar locations.

For these companies, Braintree eliminates the need to have merchant accounts with banks in order to process their card transactions.

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