The emergence of Fintech businesses, which use cutting-edge technology to challenge established financial services, has revolutionised the financial industry. Fintech is expected to continue to rule the industry in 2023. The top 15 Fintech businesses to watch in 2023 are listed below:
2023’s Top 15 Fintech Companies
Stripe
Businesses of all sizes utilise the payment processing platform Stripe. It makes it possible for companies to manage subscriptions, take payments both online and in person, and stop fraud. Stripe is one of the most valuable Fintech firms in the world, with a valuation of over $100 billion.
Robinhood
Robinhood is a trading website that allows users to invest in stocks, ETFs, and cryptocurrencies without paying any fees. It is popular among millennials and new investors searching for a simple, user-friendly trading platform. Robinhood is anticipated to expand its product offerings and customer base by 2023.
Chime
Chime is a digital bank that offers no-fee banking services. It has gained popularity among millennials looking for a bank that doesn’t charge overdrafts or monthly maintenance fees. In 2023, Chime is expected to continue growing its user base and launch new features.
Brex
Brex is a corporate credit card provider offering credit cards without personal guarantees or credit checks. It is popular among startups and small businesses looking for a simple, streamlined way to manage their finances. In 2023, Brex is expected to expand its product offerings and enter new markets.
Plaid
Plaid is a financial data infrastructure company that connects bank accounts to various financial applications. It has become an essential tool for Fintech companies that need access to banking data to provide financial services. In 2023, Plaid is expected to continue growing its user base and expand its product offerings.
SoFi
SoFi is a digital lender that offers personal loans, student loan refinancing, and mortgages. It has gained popularity among millennials looking for a simple, user-friendly way to access financial products. In 2023, SoFi is expected to expand its product offerings and enter new markets.
Acorns
Acorns is a micro-investing platform that allows users to invest spare change from their daily purchases. It has become popular among millennials looking for a simple, automated way to invest. In 2023, Acorns is expected to continue growing its user base and expand its product offerings.
Square
Square is a payment processing platform that allows businesses to accept payments online and in person. It has gained popularity among small businesses and entrepreneurs looking for a simple, affordable way to accept payments. In 2023, Square is expected to expand its product offerings and enter new markets.
Coinbase
Coinbase is a cryptocurrency exchange that allows users to buy and sell cryptocurrencies. It has become popular among investors looking to invest in cryptocurrencies such as Bitcoin and Ethereum. In 2023, Coinbase is expected to expand its offerings and launch new products.
PayPal
PayPal is a payment processing platform that allows users to send and receive payments online. It has become an essential tool for businesses that sell products and services online. In 2023, PayPal is expected to expand its product offerings and grow its user base.
Root
The Root is an insurance company that uses technology to provide customized insurance policies. It has gained popularity among millennials looking for a more personalized and affordable insurance option. In 2023, Root is expected to continue expanding its product offerings and entering new markets.
Lemonade
Lemonade is another insurance company that uses technology to provide homeowners and renters insurance. It has gained popularity for its quick and easy online application process and its use of AI to handle claims. In 2023, Lemonade will continue expanding its product offerings and entering new markets.
Betterment
Betterment is a robo-advisor that provides automated investment advice and portfolio management. It has become popular among millennials looking for a simple, affordable investment method. In 2023, Betterment is expected to continue expanding its product offerings and entering new markets.
Venmo
Venmo is a popular mobile payment service in the United States, founded in 2009 and acquired by PayPal in 2013. It was originally designed for friends and family to split bills and other expenses, such as dinner, movies, rent, and event tickets. Venmo’s popularity has grown recently, especially among younger generations, due to its ease of use and social networking features.
Wealthfront
Wealthfront is a leading Fintech company that provides automated investment advice and portfolio management services. Founded in 2008 by Andy Rachleff and Dan Carroll, the company is based in Palo Alto, California. Its easy-to-use platform and low fees have gained popularity, making it an attractive option for investors looking for a simple and affordable way to manage their investments.
