Top 10 Financial Startups in the World

  • Srilakshmi
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  • Published Date : 13 August , 2016
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  • Updated Date : 24 May , 2021
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    • 2 min read

Unlike corporate companies, start-ups are not about the limelight. They are about distortion, adjustments, hard work, dedication, integrity, taking responsibility, and struggle, especially financial startups. While founding a financial or Fintech startup seems to be a cool career plan, not every startup reaches the top of the ladder and has attributes that can help it become well-established. Some of the 10 well-known financial start-ups that caught the world’s eye are as follows:

1. Adyen

Headquarters: Amsterdam, Netherlands

Founding year: 2006

Industry: Multichannel payment services

Known for providing advance payment services to more than 3500 plus merchant brands like Uber, Facebook, etc., the company has reported over 100% growth in its revenue and almost 40% growth in customer acquisition by the year 2014.

2. Avant Inc.

Headquarters: Chicago, USA

Founding year: 2012

Industry: Financial Technology and services

Previously known as AvantCredit, this Fintech startup was originally planned to serve as a mid-prime lender. Gradually, they began offering loans to many states in the US. In the past 4 years, the company saw a sizeable growth.

3. TransferWise

Headquarters: London, England

Founding year: 2011

Industry: Peer-to-peer money transfer services

This Estonian developed startup supports more than 300 currency routes globally. With more than £3 million transferred, for the customers, the company’s money transfer policy looks no different from the traditional money transfer service. However, the difference lies in the backend on how TransferWise routes the payment.

4. Nova Financial

Headquarters: London, England

Founding year: 2015

Industry: Property and finance advisory firm

The independent startup, Nova Financial Ltd. is a privately owned firm, which specializes in assisting clients to identify the most suitable property investments for their specific personal situation based up on their goals and preferences.

5. Dianrong

Headquarters: Shanghai, China

Founding year: 2012

Industry: Personal finance & software firm

What started as a brainchild of Mr. Soul Htite, this startup is now China’s leading internet financial services company. With 2500+ employees and 25+ offices across China, this firm offers innovative financial solutions.

6. KnCMiner

Headquarters: Stockholm, Sweden

Founding year: 2013

Industry: Bitcoin mining

This unique Fintech startup provides secure, effective, and green blockchain power to the world. In short, their aim is to design, build, equip, and run industrial computing centers on renewable hydropower.

7. Paytm

Headquarters: Noida, India

Founding year: 2010

Industry: E-commerce

What started as a mobile recharging and bill payment app is now a eCommerce startup. Now India’s largest mobile payment service platform, Paytm Wallet is used for various online payment services as well.

8. Number26

Headquarters: Berlin, Germany

Founding year: 2013

Industry: Modern banking services

Styles as a bank of the future, Number 26 provides free and flexible services that differs from the conventional, rigid bank structure. Launched in Germany and Austria, the firm has almost 10,000+ customers.

9. Freecharge

Headquarters: Mumbai, India

Founding year: 2010

Industry: Bill payment and recharge

Started as recharge and bill-payment app, Freecharge was named as one of the most promising technology startups from India by Pluggd.in, in the year 2011. By 2015, Freecharge was however acquired by Indian e-Commerce platform Snapdeal for a whopping INR 28 billion.

10. Prodigy

Headquarters: London, UK

Founding year: 2007

Industry: International student loans provider

This startup helps international students, who want to attend participating business schools or other postgraduate schools, by providing them student loans. In the current year, Prodigy Finance was included in the European FinTech 50.

Speaking on financial start-ups, follow our YouTube channel Paisa Pujari for unmatched financial tips that help you keep your expenses in control. Here's a video on the smart use of credit cards to get you going:

 




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