In our large and rapidly growing corner of the world there’s a plethora of startups cropping up almost constantly, giving investors and entrepreneurs plenty to choose from. Of course it’s no different in the Fintech sector, otherwise known as Financial Technology, and with dozens of companies on the brink of achieving that coveted $1 billion “unicorn” valuation, 2019 may very well be one of the biggest years yet for Fintech.
Which means that in a sea of new prospects, it can be somewhat difficult to cull out the best of the best. So, I wanted to take a look at some of the ones to watch as we move toward Q2.
Remember, these are not investment suggestions and you should always do plenty of research on your own before jumping onboard with anyone.
In no particular order, here are the top Fintech startups of 2019.
While they’ve been around since launching in 2013, N26 is coming to the US this year and is definitely one to watch. They recently announced their $300 million Series D funding led by Insight Venture Partners which also includes participation from Singapore’s sovereign wealth fund GIC and their existing investors.
With N26, customers can manage their money directly in-app and pay with their card worldwide. The N26 app is equipped with real-time notifications and seamless security features that give you complete control over your finances and with Spaces, you can create free sub-accounts to help you visualize your financial goals.
With 2.3 million customers across 24 European markets, it will be interesting to see how N26 fairs here.
Creating a better way to accomplish VC, PE and M&A, PitchBook is a financial data and software company that provides information about private and public equity markets. It enables investors, companies, and advisors to capitalize on new business opportunities via due diligence research on fundraising information, source investments, and private market intel. In just 2 funding rounds, PitchBook Data raised a total of $13.8M, with their latest Series B round on Jan 27, 2016 raising $10 million.
In mid-January at the the AHR Expo, the world’s largest HVACR trade show, FieldEdge, the leading field service management software provider in the U.S., announced its partnership with GreenSky, Inc., a leading financial lending company.
With this integration, the companies hope to condense the loan application and approval processes that generally takes up to two weeks. With the success of this, service businesses are able to close those large deals sooner, get paid faster, and increase that all important company revenue.
GreenSky is an Atlanta-based company and last year they raised $874 million in going public and there’s no argument that they have quickly and quietly become one of the largest and most profitable Fintech upstarts in the nation.
Revolut is a digital banking alternative for global fee-free spending, free international money transfers, and instant payment notifications and they’re about to hit U.S. shores. With a handful of impressive investors such as Index Ventures and Ribbit Capital, Revolut is building a global bank to suit the lifestyles of both individuals and businesses.
Global spending and transfers without rubbish exchange rates will almost always attract a strong user base and Revolut appears to be on the verge of some great things this year.
Tons O’ Fintech
With so many startups and global expansions in the Fintech sector, there are indeed quite a few companies worth watching this year. As I researched for this article I found SO many that could be included here, but the article would end up longer than my arm. With that in mind, I simply went with the few that really stood out to me.
Are there any that you’re excited or are keeping a close eye on? Any Fintech companies you think we should check out? Comment below and let us know, we’re always interested in hearing what you have to say.