The financial sector has started transforming with the integration of cutting-edge technologies such as artificial intelligence, IoT, big data, and many more in recent times. The global tech market is offering multiple financial apps to make it easy for transaction management through smart devices. FinTech startups are flourishing in the financial sector with artificial intelligence and financial apps to enhance customer engagement more than ever. FinTech startups are responsible for the Fintech sector to hit US$324 billion in 2026 at a CAGR of 25.18%. Thus, let's explore some of the top ten FinTech startups to look out for in 2022 for seamless customer service.
Tide's mission is to help SMEs save time and money while running a business. It is one of the leading providers of digital business banking services and is also one of the UK's fastest-growing fintech. Tide platform not only offers business accounts and related banking services but is also a comprehensive set of highly usable administrative solutions, such as full integration with accounting systems. Tide believes that truly serving SMEs requires a relentless focus on their needs.
TransferWise is now known as Wise. This platform focuses on providing a core money transfer product, along with a borderless account for its audience of travelers and freelancers. The primary mission of Wise is to help people make money without borders. Their multi-currency account and clever debit card will replace the international banking systems. This platform mainly focuses on customer experiences to be transparent, simple, and fair.
TransUnion is a global information and insights company that helps establish trustworthy relationships between customers and businesses, by ensuring that each partner is reliably and safely represented in the market. The company provides a platform that brings total credit protection, all in one place, from credit alerts, credit scores, and credit reports. With this help, organizations can better understand consumers to make more informed decisions. Businesses and consumers can transact safely and achieve great things together.
TrueAccord is reinventing the relationship between creditors and lenders with an ML-driven digital approach to debt collection. The company's technology personalized outreach to each customer across digital channels, optimizing for performance while delivering a customer experience that will build long-term brand loyalty. TrueAccord also believes in building ethical values in organizations to promote equality and advance diversity and inclusion in the workplace. The company believes in bringing the A-game and continues to be prepared to contribute the best.
TrueLayer is focused on building an infrastructure that puts fintech at people's fingertips. Its fintech platform is utilized to build different financial apps that connect to bank data, verify accounts, and access transactions in real-time. It uses its toolkit to develop consumer and server message block applications in the areas of payments, online lending, robotic advisers, insurance, P2P marketplaces, and cryptocurrencies. It aims to grow the open banking economy for companies to develop new financial services and plans.
Upstox is a fintech company that allows innovative investment options for its clients. It also provides securities brokerage and stock trading services. It also allows retail investors to trade in the equity market through its platform, which ensures that the clients reap the benefits of a high-tech online trading platform and world-class services every step of the way from the time they open an account to executing trades and beyond.
Varo is an entirely new kind of bank. It is driven by a mission to redefine banking so it is easy for everyone to make smart choices with their money. In one mobile app, Varo offers customers no-cost premium bank accounts and high-interest savings accounts offered through BanCorp Bank, and tech-first features to help people manage their money efficiently. The company believes that every person regardless of their net worth should be treated fairly by the banks if they want to succeed.
Venmo is a mobile payment service that is owned by PayPal. The account holders of Venmo can transfer funds to others via a mobile phone app, but the only condition of this payment app is that both the sender and receiver need to stay in the U.S itself. It is a digital wallet that can make money transactions easier for everyone ranging from students to small businesses. The users can purchase items and split checks without using a credit card. It also allows you to choose a funding source by linking a credit card, bank account, or use the Venmo balance too.
Zebpay is a trusted and secure crypto exchange with a wallet that serves customers across the globe. Zebpay is available on the Web, Android, and iOS for trading bitcoin, ether, ripple, and various other popular cryptocurrencies. Zebpay for Android and iOS offers a seamless mobile trading experience to everyone, everywhere. More than 3 million consumers have trusted Zebpay for its security and ease of use for crypto trading worldwide. It is one of the first major exchanges to integrate Lightning Network transactions.
ZestMoney is a growing consumer lending Fintech company that uses digital EMI, without the need for a credit card or a credit score. The company believes that being able to pay in EMI should be available to everyone and not only those who hold a credit card or have a credit score. With the use of mobile tech, digital banking, and AI, ZestMoney was made accessible to millions of Indian consumers. Founded in 2016 by digital finance and technology professionals, Priya Sharma, Lizzie Chapman, and Ashish Anantharaman, the company is backed by leading global digital financial services investors like PayU, Ribbit Capital, Omidiyar Networks among others.
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