It is no secret that the fintech industry is growing with each passing year. With the upgrades in modern technology and industry know-how, the industry continues to soar. However, there are quite a few startups and early-stage fintech startups that have entered the space. With this hot industry being as crowded as it is, it may be a little hard to separate the major players from the minor players. The startups in the space deserve some more shine.
In this piece, we are going to take a look at the best global fintech companies in the space.
There is no doubt that there will be names in this piece that will be familiar. There will be also names on this list that are unfamiliar. Let’s take a look at some providers of wealth management. A great player in the fintech space is Wealthsimple.
Wealthsimple has made a couple of acquisitions in its history. Last year, it launched a bank account with no fees and a spending account of over 2%. Another good firm in this space is a company by the name of Habito. Habito is a platform that targeted homeowners and tries to make the process of applying for mortgage applications.
Another notable investing platform is an app known as Wealthfront. Wealthfront has received over 200 million dollars and opened a cash account for 2019 that offered an interest rate that’s over 2%.
The class of wealth management systems is Betterment. Betterment is the most well-known advisor that is sponsored by AI. As a result of its prowess, the company manages billions of dollars in assets under its platform.
In terms of payment fintech providers, a great option is the Stripe platform. The Stripe platform has made a lot of acquisitions during its existence. This platform has received over $1 billion dollars in funding and it has been widely adopted. The entity has been used by companies such as Google and Microsoft. It is also used by Amazon.
Another platform that has been widely adopted is Venmo. It is not unpopular to hear the phrase: “Please Venmo me”. Venmo is a very popular platform with regard to P2P payments. Firms that have adopted Venmo include Poshmark and Uber.