Fintech has become a huge market globally, but also in the US.
In fact the fintech sector in the US surpassed $39 billion in 2023 and is expected to hit over $70 billion by 2028. It’s no surprise then that so many companies are setting out to disrupt it.
Why Is Fintech Such A Hot Sector?
The fintech sector has been growing massively over the years for a few reasons.
Firstly, as more companies and countries go cashless, consumers are looking for ways to improve their payment experiences – presenting a big opportunity for businesses.
Additionally, as global economies work more online, finding reliable and secure ways to transact internationally is becoming more in demand.
The drive has also been fuelled by the boom in cryptocurrencies, which have created a whole new sector of ways to buy and pay for items. This, combined with AI’s ability to track, record and predict financial transactions, means the space has opened up to a lot more innovation.
From online payments to AI loans, the sector is certainly one to watch. Here, we look at 10 fintech companies in the US that we think are worth keeping an eye on.
nilus
Nilus is a New York based fintech that uses AI to help finance teams manage and predict cashflow. By having an overview of company accounts, alongside an AI that helps with trends and predictions, the company is able to reduce manual work by up to 80%.
By allowing finance teams to see everything in one place, nilus is helping them build more financially responsible and profitable companies.
Found
Found is a business banking platform that allows small business owners to track expenses, calculate taxes, manage cashflow, send invoices and more.
By integrating a number of tools in one place, including bookkeeping, easy payments and up to 20 virtual cards, the company is making it easier than ever for SMEs to manage their finances.
beatBread
beatBread is a platform that helps musicians secure funding for their music. By using AI, the company is able to compare revenue potential across different deals in the music industry, giving artists insights into what their projected earnings could be.
By allowing artists to understand how deals might result in cashflow, as well as allowing them to compare offers, it’s putting financial control back in the hands of musicians.
LINQTO
Linqto is a private market investing platform that gives people early access to private tech companies before they are available on public stock markets.
Through the platform, users are able to invest a minimum of $2,500 in these companies. This is much more accessible than private equity investments, which tend to come with $25,000 minimums.
With 64 companies available to invest in and over $518M worth of investments so far, it’s helping people access and invest in more disruptive early stage companies.
Greenlight
Greenlight is a debit card for kids and teens, paired with a safety app that can be reviewed by their parents to track spending.
By giving children a debit card of their own, they are able to learn more responsible spending habits. And with the ability to save and invest, the app allows kids to explore the world of financial literacy, whilst still being protected by their parents.
Corpay
Corpay makes having a company card easier, by automatically tracking payments and expenses in real-time.
The platform includes a variety of elements, including international transactions, automated vendor payments and a variety of discounts and benefits.
Available in over 140 currencies across 200 countries, Corpay is making it easier than ever to keep track of your company card.
Nium
Nium is a company that specialises in cross-border payments. The platform is able to provide quick and secure payments to over 190 countries, helping businesses transact internationally.
Not only does this help with vendors, it also allows teams to integrate payroll across multiple currencies. With a single-view dashboard and an API for easy integration, Nium is changing the way businesses conduct FX transactions.
Billor
Billor is a fintech company looking to change the world of trucking. It allows drivers to lease their own truck with no down payment and no residuals. At the end of the lease term, the truck becomes theirs.
In addition to this, drivers can also finance any maintenance or repairs they need, so they are never hit with costs they can’t handle. With other integrations like a fuel card and toll system, billor is using the world of financial technology to empower truck drivers across the USA.
xMoney
xMoney, developed by X (previously Twitter) is a payment system that allows users to make secure financial transactions in crypto.
The company allows users to make and accept payments in cryptocurrencies, so they can make quick payments without relying on banks.
With competitive rates and a lot of hype, xMoney is definitely one to watch.
SoLo
SoLo is a community finance and lending platform, where users can lend and borrow money from each other securely.
It works by allowing lenders to list their money for those that need it. Once borrowed, the borrower pays a tip to the lender as a thanks for the money. The platform provides a secure way for these transactions to take place, allowing people to borrow money when they need it and giving lenders a return on their cash whilst doing good for others.
