If there is an industry that has experienced an enormous boom in a little period of time, this is FinTech — and its startups as a consequence. So, let’s take a glimpse at 8 companies that are growing successfully in the FinTech sector.
(Sorted by their fundings)
Crowdfunder
Funding: $5 million
Number of Employees: 20–50
Central Administration: Los Angeles
It focuses on changing U.S. laws to make it easier for startups and small businesses to raise funds through equity or revenue-based financing.
Bondora
Number of Employees: 51–100
Funding: $7.9 million
Central Administration: Estonia
Bondora charges borrowers a small and transparent fee when their application is funded, followed by a fixed monthly account fee, which is added on top of the interest paid to investors.
Assetz Capital
Funding: $23 million
Number of Employees: 11–50
Central Administration: Manchester
Assetz Capital is a British peer-to-peer or “marketplace” lender which allows private and institutional investors to lend money directly to small businesses (SMEs) and property developers.
RateSetter
Funding: $47.2 million
Number of Employees: 251–500
Central Administration: London
RateSetter is a British peer-to-peer lending company, trading in the United Kingdom and through a locally-owned and run business in Australia. The company had matched more than £4bn in loans and had over 750,000 investors
MarketFinance
Funding: $50.3 million
Number of Employees: 101–250
Central Administration: London
MarketFinance Limited is a British business finance lender, specializing in invoice finance, business loans and corporate finance. In 2018 the company became the first FinTech company to partner with a major high street bank in the UK, Barclays bank.
Seedrs
Funding: $71.3 million
Number of Employees:101–250
Central Administration: London
Seedrs is an equity crowdfunding platform founded by Jeff Lynn and Carlos Silva in 2012. In 2020, Seedrs announced that 250 startups had raised funding through its crowdfunding platform during 2019
Lendio
Funding: $108.5 million
Number of Employees: 11–50
Central Administration: Utah
Lendio is a small business loan marketplace in the U.S. Small business owners utilize Lendio’s free online service to find financing by browsing multiple loan products from a network of lenders.
Younited Credit
Funding: $122.1 million
Number of Employees: 101 to 250
Central Administration: Paris
Younited Credit provides an online plaftorm designed to connect and facilitate financial transactions between lenders and borrowers without the intermediation of a traditional financial institution.
