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Best 10 FinTech Startups To Look Out For With Financial Solutions Worldwide In 2022

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Best 10 FinTech Startups To Look Out For With Financial Solutions Worldwide In 2022

FinTech startups are thriving to offer better customer experience within a short period of time

FinTech—- the most common term in the financial sector improving the customer experience in the financial and banking sector. Multiple FinTech startups are thriving in the global market with their unique financial solutions to reduce the time-consuming process of transactions and loans. Technology platforms, as well as merchant platforms, are the modern approaches to adopting digitalization in this digital ecosystem. Banks and other financial institutions are integrating their financial solutions with cutting-edge technologies to provide customer-friendly and efficient technology platforms in 2022 and beyond.

Top ten FinTech startups in 2022:

1. PineLabs

Pine Labs provides a merchant platform with technological and financial solutions to assist merchants in growing revenue, lowering the cost and complexity of running a business and managing the risks that come with it. The firm brings together financial institutions and consumer brands to enable merchants to provide value to their consumers. Pine Labs and its technology platform enable physical and online last-mile retail transactions, give merchants consumer data for targeted sales, and provide risk-managed finance solutions to help merchants expand their businesses.

2. Plum

Plum is driven by automation and works on a financial autopilot. You’re in command, with smart expenditure analytics and budgeting tools at your disposal to help you reach your financial goals. Plum will get you there securely, so you won’t have to worry about things like saving money or finding the greatest price on home expenses. Plum helps you get the most out of your savings and investments. They have imagined a world in which people manage their money without having to worry about it or even think about it.

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3. Policy Bazaar

PolicyBazaar.com is a leading online life and general insurance aggregator in India. They specialize in comparing and contrasting insurance policies. The comparison is based on pricing, quality, and major features. All of India’s major public and private insurance firms have strong ties with PolicyBazaar.com. Life insurance, health insurance, vehicle insurance, travel insurance, business insurance, and lending companies are among their partners. They use these alliances to streamline their expertise and business processes, display pricing directly from insurers, compare plans with full information, and provide the option of purchasing insurance online.

4. Prodigy Finance

Prodigy Finance was founded by three INSEAD MBA alumni who had first-hand experience with the challenges of funding an overseas degree. They decided to tackle this problem and revolutionize the industry in 2007, and since then, Prodigy Finance has supported over 19,000 students from 115 countries attending over 750 institutions all over the world. Prodigy Finance thinks that talent knows no boundaries and that the greatest education should be offered to the most deserving pupils. The firm offers no-collateral education loans to worldwide master’s students who wish to follow their dreams at the world’s top universities.

5. RazorPay

Razorpay is the first full-stack financial solutions provider in India. They’re on a quest to improve the payment experience for more than 300 million people. They hope to make it possible for Indian businesses, large and small, to take payments online with little effort and maximum convenience. Razorpay has evolved from a payment gateway provider to a solutions-oriented company with a broad product suite for accepting and disbursing payments, as well as raising funds and parking money. In a nutshell, the corporation may be found in every nook and cranny of your organization that involves money.

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6. Remitly

Remitly is an international payments firm that uses digital methods to transmit money throughout the world, including mobile phones. Customers can move money across borders faster, cheaper, and more conveniently using Remitly’s digital products. It assists the millions of immigrants across the world who leave their families behind to live and work in another nation. These unsung heroes keep their pledges to look after individuals they care about and offer them opportunities for advancement. They work hard to make their hard-earned money go further, ensuring that more of it reaches their loved ones securely.

7. Renewbuy

Indraneel Chatterjee and Balachander Sekhar founded RenewBuy in 2015. Its business operates on a B2B2C model, with a unique technology platform (App & Web platform) that allows its trained POSP (point of sale person)/advisor to sell insurance to its clients. RenewBuy operates based on a digital agent model, which provides transparency and quick insurance at cheaper costs from a variety of sources. RenewBuy has 42 offices with a total of 1312 employees and works with over 20 insurers in the areas of auto, health, life, and travel insurance.

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8. Riskified

Riskified is on a mission to help businesses reach their full eCommerce potential by making it secure, accessible, and frictionless. They’ve created a cutting-edge platform that enables internet businesses to build trusting connections with their customers. Their software identifies the human behind each online contact using machine learning and a worldwide merchant network, allowing merchants – their customers – to reduce risk and ambiguity from their company. When compared to their merchants’ performance before onboarding, they produce better sales, lower fraud, and other operational expenses, and deliver superior consumer experiences.

9. Robinhood

Robinhood was established on the basic premise that financial markets should be open to everyone. This hasn’t always been simple in an industry where restrictions have existed for far too long. They’re leveling the playing field by making trading more straightforward, inexpensive, and inclusive, so that everyone can participate in the financial system, regardless of wealth or industry experience. They think that the financial system should be designed to benefit all people. That is why they provide products that enable you to begin investing at your own speed and on your own terms.

10. Rubique

Rubique, a fintech firm, demystifies complicated financing procedures and empowers consumers and small businesses by giving quick and easy access to credit through a variety of credit cards and loan products, making finance simple for them. Rubique’s marketplace lending platform, which is based on a unique matchmaking algorithm, offers ground-breaking features such as real-time processing and online approval through direct interaction with financial institutions’ systems, considerably decreasing processing time. Rubique’s technology uses data analytics to analyse clients’ creditworthiness (loan origination qualification), providing predictability by presenting him with suitable offers to pick from.

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Must Know The Best 10 Leading FinTech Companies In 2022

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Must Know The Best 10 Leading FinTech Companies In 2022

FinTech companies are revolutionizing the financial sector with cutting-edge technology and solutions

Digitization and globalization have been the driving force of the FinTech sector with neo-bank and digital banking system. A FinTech startup or multiple FinTech companies are instigated to leverage cutting-edge technologies like artificial intelligence, machine learning, IoT, and many more to provide a banking system within a short period of time. It has benefitted a lot of users in the time-saving module. The global FinTech market is expected to hit US$324 billion in 2026 at a CAGR of 25.18%. Let’s explore some of the top FinTech companies or useful FinTech startups ready to provide digital banking with financial solutions.

Top ten leading FinTech companies in 2022

1. Niyo Solutions

Niyo is focused on creating banking that is simpler, smarter, and safer for its customers by simplifying finance with technology. Niyo is a Bengaluru-based fintech startup that offers digital banking solutions such as prepaid payroll cards, cross-border travel payment debit cards, and multi-wallet tax benefit cards to customers. Founded in 2015, Niyo operates as a neo-bank or challenger bank and offers digital banking products and services through partnerships with banks. Niyo is present in more than 30 cities across India with an employee strength of over 10000 across different cities.

2. Nubank

Nubank is a technology company with a young and innovative spirit that develops simple, secure, and digital solutions for your financial life. The NU way of doing things was born out of nonconformity and became a force to build fair and transparent products for you. Your money will be in a Nubank account, but the control of it is totally yours. If you need any help, Nubank is there 24/7/365 ready to help you out. Nubank is a company made for people by people.  And because of that, the firm is confident that Nubank is for you.

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3. OakNorth Bank

OakNorth Bank is a UK bank for small and medium-sized companies that provides business and property loans. The bank, which gained regulatory approval in early 2015, was founded by entrepreneurs Rishi Khosla and Joel Perlman, who had previously founded Copal Amba. In 2018, the bank’s pre-tax profit was £33.9m. OakNorth Bank is redefining the way banks lend to the Missing Middle, giving today’s entrepreneurs access to the capital they need to grow, create jobs, build communities, and power the economy. The OakNorth Credit Intelligence Suite gives banks a 360-view of their borrowers, delivering extraordinary insight, and enabling faster, smarter credit decisions to open up new, profitable markets.

4. OfBusiness

OFB Tech (OfBusiness) is a tech-enabled platform that facilitates raw material procurement and credit for SMEs with a focus on the manufacturing and infrastructure sectors. It integrates technology into SMEs buying behavior to make available better products, at better prices, and in better timelines to customers with comprehensive online and offline support. Key raw materials include metals, chemicals, polymers, Agri commodities, petrochemicals, and building materials. OfBusiness provides SMEs access to cash flow-based financing for buying raw materials through its NBFC ‘Oxyzo Financial Services’. The Company also offers a host of tech services for SMEs including BidAssist for new growth opportunities.

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5. Optiver

Optiver is a proprietary trading firm and market maker for various exchange-listed financial instruments. Its name derives from the Dutch Optiver handelaar, or “options trader”. The company is privately owned. Optiver trades listed derivatives, cash equities, exchange-traded funds, bonds, and foreign exchange. Good management and culture. The company treats its employees fairly and maintains a great life/work balance. The hardest part is keeping up, they move quickly and they hire top-tier talent. I enjoyed the work hard, play hard mentality.

6. Paydiant

Paydiant, Inc. is a PayPal-owned financial services company based in Auburndale, Massachusetts, which was incorporated in 2010. Paydiant provides cloud-based services for merchants, banks, and point-of-sale and ATM providers. Paydiant provides a white-label mobile wallet platform that includes mobile payments, loyalty, offers, ATM cash access, and related commerce services. The patented cloud-based platform enables merchants and banks to deploy their own secure mobile wallet solutions under their own brands, in their own apps.

7. PayJoy

PayJoy’s mission is to deliver access to credit to the next billion people in emerging markets worldwide. Its unique mobile locking technology gives customers the ability to afford their first smartphone on credit, using the phone itself as collateral, and then provides further access to credit to help weather life’s unexpected financial surprises and climb the ladder of economic well-being. PayJoy has reached millions of customers in a dozen countries around the globe, including Mexico, Brazil, India, Kenya, and South Africa, and is on a strong growth path with support from major industry partners to bring credit to the next billion emerging consumers.

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8. Payoro

Payoro is an innovative PSD2 account servicing platform, that connects consumers with European financial institutions. It enables easy bank account creation and money transfer through dynamic partner relationships and innovative fintech. In accordance with PSD2, all user information is verified based on strong customer authentication (SCA) so you don’t have to worry about the legalities. With an in-house team of attorneys and auditors, Payoro handles all aspects relating to national AML and KYC, allowing financial institutions to concentrate on what they are best at handling money and building customer relationships.

9. Paytm

Paytm is a global Indian technology firm located in Noida that focuses on digital payment systems, e-commerce, and finance. Paytm is currently available in 11 Indian languages. It offers a web- and mobile-based platform for mobile recharges, money transfers, bill payments, trip reservations, hotel, and ticket bookings, booking cylinders, gold purchases, and contributions, among other things. It provides banking, credit cards, loans, and investment platforms for insurance, mutual funds, and other types of investments. The app is compatible with both Android and iOS devices.

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10. Perfios

Perfios is a leading product technology firm that helps organizations gather structured and unstructured data, curate it, analyze it, and use it to make better decisions. Perfios’ product solutions assist businesses in developing vertical apps across a variety of sectors. In the last nine years, Perfios has gained over 100 big clients in India and overseas, including banks, NBFCs, digital lending platforms, mutual fund firms, insurance companies, and human resources.

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Kenyan Law Enforcement Agency Arrests Two Students Accused Of Using Stolen Funds To Buy BTC

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Kenyan Law Enforcement Agency Arrests Two Students Accused Of Using Stolen Funds To Buy BTC

Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle.

The Students’ Lavish Lifestyle

A Kenyan law enforcement agency, the Directorate of Criminal Investigations (DCI) said it has arrested two university students it accuses of hacking credit cards and using these to “purchase bitcoins and convert them to Kenyan currency.” In a statement, the agency said the so-called notorious gang of two was nabbed in Milimani, an affluent neighborhood in Kenya’s fourth-largest city, Nakuru.

In a Twitter thread explaining how the offense was carried out, the DCI revealed that the two — Francis Maina Wambui aka Nick, 26, and Zellic Alusa, 25 — had resorted to a growing criminal practice. The agency explained:

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The students create fake email accounts which they use to hack credit cards of innocent persons, especially those living in foreign countries and use them to buy bitcoins.

According to the DCI, the two students would then use the stolen funds to sustain their lavish lifestyle. The students also reportedly used the stolen money to entertain women and buy properties. Following the raid on an apartment where the duo was operating, the DCI said among the documents recovered was “a land sale agreement entered on May, 25, for a property valued at Sh 850,000 [$7,240] in Juja.”

Strengthening of Cyber and Digital Forensic Lab

The statement added that the other items which were recovered include five laptops, four mobile phones, two wifi gadgets, three hard drives, and SIM cards.

Meanwhile, the DCI’s announcement of the arrest has come just a few days after Kenyan President Uhuru Kenyatta called for the “strengthening of the Cyber and Digital forensic lab to deal with contemporary crimes that involve misuse of technology.”

The announcement of the arrests also came after local media reports warned that Kenyans may have lost funds to another crypto Ponzi outfit.

What are your thoughts on this story? Let us know what you think in the comments section below.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Top 10 Fintech Startups Exploding In The Finance Industry

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Top 10 Fintech Startups Exploding In The Finance Industry

Fintech startups are launching avant-garde solutions so that the global industries can carry out daily transactions securely

Innovation has transformed many industries and banking and finance are some of them. The emergence of fintech has made the lives of finance professionals and of the common public so much easier. Fintech startups and companies are launching avant-garde solutions to make sure that all global industries are efficiently and securely carrying out their daily transactions. In this article, we have listed the top fintech startups that are making huge strides in 2022

Lendinvest

LendInvest is the UK’s leading platform for property finance. Its mission is to make property finance simple. It has built an asset management platform designed to make the process of getting a mortgage simpler, reducing the form-filling, increasing the speed to get a ‘yes’, and creating a better customer experience for our borrowers, intermediaries, and investors. In 2019 the company became the first UK fintech to securitise a portfolio of buy-to-let mortgages.

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Loanwalle

Loanwalle is a fintech quick 30-minute loan company with headquarters in Delhi and branches in Mumbai, Hyderabad, Bangalore, Kolkata, and 22 more. Its main USP is to give instant loans to its clients so whatever emergency situation they are finding themselves in gets resolved without any further hurdles. It has gone beyond the tedious waiting periods and speeded up the process of approval in such a way that it gets the client’s loan approved in just 15 minutes.

M2P Fintech

M2P fintech was born out of the need to build a highly scalable, secure yet nimble technology stack at the intersection of mobility, commerce, and payments. Its mission is to help every company become a fintech company. It has been able to help 500 of them since its inception. The company challenges the status-quo of how fintech work with regulated financial services providers. It provides a state-of-the-art modular API platform to build Fintech products with seamless money flow. The company also offers resource-based URLs that accept JSON or form-encoded requests.

MANTL

MANTL is an enterprise SaaS company helping traditional financial institutions modernize and grow. Its mission is to expand access to financial services. MANTL’s white-labeled account opening platform enables people to open deposit accounts on any device in roughly 2 minutes and 37 seconds. MANTL began as a challenger bank when an aha moment inspired the founders to pivot from competing to partnering with banks to deploy its technology at scale. It helps community institutions raise billions of dollars in core deposits each year and are proving that they can compete online with the right set of tools.

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Money View

Money View redefines financial inclusivity for a billion people. The company provides a Money Manager App that helps in tracking and managing clients’ personal expenses smartly. The App auto-tracks and organizes total spending, bills, and account balances to give a single real-time view of your overall finances. Along with the app it has a Money View Loans which provides instant personal loans to underserved segments through a completely digital, easy-to-use platform. Its unique credit assessment tool looks at more than just a credit score.

MoneyTap

MoneyTap is India’s first app-based credit line. Offered in partnership with leading banks, it is not just a personal loan, not just a credit card, but a personal credit line. In simple words, MoneyTap is catering to the credit needs of middle-class customers in India. Present in 40+ cities, MoneyTap is providing small-medium cash loans, quick credit on mobile, affordable interest rates, and flexible EMIs. The MoneyTap application process is extremely consumer-friendly. It is continuously striving to bring the most seamless and hassle-free credit experience to consumers.

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Monzo

Monzo is known for doing things differently. For too long, banking has been obtuse, complex, and opaque. Monzo wants to change that and build a bank with everyone, for everyone. Its amazing community suggests features, tests the app and gives us constant feedback so the company can build something everyone loves. Now more than 5.62M people use Monzo’s hot coral cards to manage their money and spend around the world.

Morningstar India

Morningstar started with an idea, one great idea from a 27-year-old stock analyst. Joe Mansueto thought it was unfair that people didn’t have access to the same information as financial professionals. So, he hired a few people and set up shop in his apartment to deliver investment research to everyone. Morningstar builds products and offers services that connect people to the investing information and tools they need. The company put in extra work to improve the quality of work and is always looking for new ideas to empower investors.

Mswipe Technologies Pvt Ltd

Mswipe is an independent mobile POS merchant acquirer and network provider. The company believes in serving the smallest of merchants. India currently has 12-15 million SMEs and mobile POS is the only channel that can efficiently link these SMEs to mainstream financial services and digital commerce. The Wisepos Neo is our latest smart POS terminal that accepts all payments – card, chip, magstripe, NFC, and Scan-to-pay QR. The terminal has a long battery life of ~15 hours on a single charge.

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N26

N26 is The Mobile Bank, helping you manage your bank account on the go, track your expenses and set aside money in real-time. N26 operates with a full European banking license, and your bank account with a German iBAN is protected for up to €100,000, according to EU directives. And with fingerprint identification and advanced 3D Secure technology, you can rest assured you’re extra safe when making purchases in stores and online. Discover N26 Smart, the bank account that gives you more control over your money with a direct customer service hotline if you ever need support.

Navi

Navi offers instant personal loans to middle-class Indians at attractive interest rates through its mobile app which can be downloaded from the Google play store and within a few minutes users can check their loan eligibility along with the loan amount and interest rate offered. Once the personal loan is approved the user can choose the amount they need and EMI they are comfortable with. After completing the simple and fully online contactless KYC process the loan amount is instantly disbursed to the user’s bank account. Most users are able to complete the process within 10-15 minutes of downloading the app.

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