Top 20 Fintech Startups to Watch in 2022 by@sarathcp92

Top 20 Fintech Startups to Watch in 2022

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Sarath C P

Digital Strategist and Consultant, Growth Hacking Specialist worked for both startups & big brands.

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Fintech is the umbrella term for various financial innovations and technologies. In this modern and increasingly digital world, fintech startups are emerging rapidly. This transformation is due to the internet revolution and is being driven by the development of blockchain, an innovative new technology that has the potential to transform finance. Businesses are leveraging fintech innovation to develop products, services, and platforms that can be used by customers who want access to financial services in a digitized and convenient manner. This article aims to brief about fintech and further explores the top 20 fintech startups shaping the future of finance.

Fintech Startups

Fintech startups are companies that are using software and network technologies to improve the efficiency, cost-effectiveness, and reach of financial services. Fintech companies are disrupting the business models of traditional financial institutions while providing new services and tools to consumers. Read on to know more about the fintech industry.

What is Fintech?

The term Fintech is a combination of the words "financial" and "technology". Fintech involves the use of network technology, digitalization, and innovation that provides electronic payment systems, payment processing, and financial services. Fintech startups are applying the latest technology to create a more efficient and innovative financial system.Β 

Digitization results in the emergence of fintech startups that provide products and services to consumers at a lower cost than traditional financial institutions. Therefore, the use of technology is making the financial system faster, cheaper, and more efficient.

How does the fintech industry work?Β 

The financial sector is undergoing a transformation as products and services are becoming much more accessible and efficient. This shift is being driven by the use of new technologies such as the internet, digital payments, artificial intelligence, the internet of things, and blockchain.Β 

The integration of technology with finance is helping to develop products and services tailored to the needs of users and businesses. The industry works in an automated and streamlined manner by using algorithms and machine learning to improve and evolve constantly. Thus, the fintech industry is transforming the face of financial services.

Fintech trends in 2022

With the positive growth of the financial industry and increased investment by companies, fintech will continue to be a strong driving force in the financial sector. The acceleration of fintech innovation has been largely driven by the development of blockchain, artificial intelligence, and digital banking. In the year 2022, fintech will continue to be a driving force in the financial sector as the industry evolves, and many industries will be significantly impacted. Therefore, it is important that business leaders remain up-to-date with the latest fintech trends.


Blockchain is a type of technology that is revolutionizing finance. It has the potential to transform many industries such as healthcare, insurance, retail, manufacturing, and others. The blockchain allows decentralized networks and distributed ledgers to keep track of data and transactions in a transparent manner that protects information from being edited or deleted. This decentralized method ensures trustworthiness for all parties involved in the transaction, including businesses, customers, governments, regulators, investors, and others.Β 

You may have heard of cryptocurrencies such as Bitcoin that run on blockchain technology. Blockchain-based currencies may become a widespread means of exchange in the near future. Eventually, blockchain will reach a stage of maturity where it will help to facilitate payments in business transactions and daily life. Thus, blockchain has the potential to revolutionize the financial world and several other sectors as well.

AI and ML

Artificial intelligence (AI) refers to the use of software algorithms and machines that act in a way that mimics human behavior. Artificial intelligence is widely used in the fintech industry by providing recommendations, detecting fraud and criminal activities, providing customer service, advising, etc. On the other hand, Machine learning (ML) refers to utilizing algorithms to analyze large data sets and learn patterns. With machine learning, computers are able to make decisions more quickly with less involvement from humans. AI and ML are key components of several fintech technologies. Therefore, the continued development of AI and ML will result in the further advancement of fintech and the emergence of a new generation of products and services.

Digital Banking

The digital banking industry is a sector where fintech is making significant progress. The digital banking sector is undergoing various technological changes, and this trend will result in the further development of new services, platforms, and products. As consumers become more comfortable with using digital services and improved tech companies such as Apple Pay are entering the space, banks will be forced to adopt digital banking.

In this highly automated and digitized world, digital banking creates a fully transparent system for customers to access their finances in real-time from anywhere. It also helps businesses to streamline processes by providing a unified view of financial information. These benefits allow the digital banking industry to create an exceptional user experience and transform the way people interact with their finances. Thus, the digital banking industry will continue to grow and familiarize people with technology that improves their experience.

Top 20 fintech startupsΒ 

We have compiled a list of the top 20 fintech startups that are shaping the future of finance and transforming financial services. These top fintech startups have developed and implemented innovative solutions that are helping to improve the financial industry.

1. Eqvista

Eqvista is a fintech company that provides solutions to help manage your company cap table and shareholders. The company is founded on the values of transparency, security, and control. They focus on bringing the best service to their customers. Eqvista uses proven business models and proprietary technology to help every client with their equity management and valuation needs. Eqvista also focuses on offering a comprehensive service for all clients in all industries.

2. Revolut

Revolut is a fintech company that offers innovative, cutting-edge financial products and services. The company is founded on a philosophy of eliminating confusion and providing easy, transparent, and personalized financial solutions. Revolut has built the infrastructure to rapidly scale, transact, and manage billions of dollars worth of financial services. This company has built its core technology with a focus on global expansion and mobile usability.

3. M1 Finance

M1 Finance is a fintech company that provides investment platforms and digital wealth management. You can invest, borrow, and spend in multiple currencies via their innovative platform. The company is focused on creating a better financial future for people worldwide and also helps to empower them to take control of their money. M1 Finance aims to be the best wealth management solution in the world where you can invest and manage your money at the same place together with all major investment instruments.

4. Paidy

Paidy is a Japanese fintech company that offers online payment solutions for your everyday needs. The company aims to provide a reliable and secure platform for online payment that offers convenient and easy service. Paidy is fully integrated with a wide range of products and services from various businesses. This fintech company is committed to making online payment processes easier and faster for customers by providing a secure platform that enables them to pay from one place.

5. Rapyd

Another largest local payment platform in London. Rapyd is backed by some big players and has a good team of advisors. The company aims to make the payment experience simpler and more affordable. This fintech company has developed a platform based on AI that predicts the beneficiary of your payments before you've finished making them. It properly manages and executes your payment in a quick and efficient manner.


Fundsaiq is powered by AI and Ml to offer their users financial advisory services and products. They offer a simple user interface, a world-class security system, and an innovative algorithm that allows them to provide excellent financial advisory services. Their team of advisors works with clients on an individual basis to select the right account for them. This fintech company is focused on making the experience of managing and securing your finances easier so that you can focus more on what really matters in your life.

7. Bella

Bella is a new type of digital bank that focuses on offering financial services for everyone in the world. The company offers a full range of financial services that are customized for each person and based on the needs and goals of each individual. The company aims to provide the most efficient and simple platform for everyone to use so they can easily manage all aspects of their finances in one convenient place.

8. Mollie

Mollie is a startup that aims to create payment solutions that are integrated with innovative technologies to offer an efficient and fast payment system. The company is based in the Netherlands and has created a global payment platform that makes online payment fast and hassle-free for you. This fintech company provides fast and secure payment services for anyone to use.

9. Wise

Wise is a fintech company that offers instant money transfers and money transfers with one click. The company provides its clients with a secure online service that is easy to use, which makes moving money between two parties easier than ever. This fintech company has created a system where transferring money from one bank to another is as easy as sending a message.

10. Baselane

Baselane is an innovative fintech company based in North America that offers clients landlord banking and rental finance solutions. The company is founded on the principles of transparency, security, and the highest standards of service, which they implement by establishing strict compliance with the regulations and laws set. This fintech company aims to improve all aspects of housing finance.

11. NeoDove

NeoDove provides a telecalling CRM and sales engagement solution for banks and non-banking financial companies (NBFCs). The company has expanded its business and has developed an innovative solution that makes it easy for financial institutions to sell their products. This fintech company provides these banks with a simple, secure, and efficient solution that streamlines their sales process by making it easier for them to convert leads into clients.

12. Fenergo

Fenergo is a financial software company that offers solutions to help companies manage the entire financial process. The company focuses on developing a comprehensive suite of software solutions designed to improve the management of companies from all over the world. Fenergo offers innovative and cutting-edge technologies in order to provide efficiency, transparency, and speed for their clients.

13. Figure

Figure is a fintech company that offers mortgages, home equity, and personal loans for individuals. The company aims to make the process of acquiring a home or a personal loan straightforward, simple, and convenient for its customers. Figure's solutions are created to help customers achieve their financial goals by making the home purchase process seamless, thereby making it easier to own a home.

14. BharatPe

The largest mobile-first financial institution in India. The company is focused on providing innovative, efficient, and high-quality app-based payments and card acceptance services to merchants. Bharatpe is committed to improving people's banking experience in India by providing consumers with a state-of-the-art technology platform and services. This fintech company in India aims to serve the needs of merchants, businesses, and customers alike.

15. BlockFi

BlockFi is a US-based fintech company that offers competitive interest rates to its clients on the cryptocurrency loan market. The company aims to help people and businesses own and transact cryptocurrency by increasing the liquidity in the market. BlockFi provides their clients with low-interest rates on their loans and a secure platform where they can store their coins.

16. Trade Republic

Trade Republic is a Germany-based exchange that offers crypto and publicly listed securities trading capabilities. The company provides investors with a secure, reliable, and easy-to-use platform where they can buy and sell securities in a wide range of assets such as shares, commodities, indexes, and crypto. This fintech company is dedicated to advancing the mission of financial freedom and providing investors with smooth, fast, and reliable access to a wide range of assets that help them grow their investments.

17. Chime

Chime is a digital banking platform that provides zero-fee mobile banking solutions for consumers. The company combines the convenience of mobile banking and online banking with a personal approach, which makes its solutions more efficient and secure. Chime is a new type of bank that aims to give customers simple solutions that offer security, transparency, and excellent customer service.

18. Robinhood

Robinhood is a stock brokerage company that has quickly become the largest and fastest-growing online brokerage in the US. The company offers its customers a simple and versatile platform where they can invest in stocks, ETFs, options, and cryptocurrencies all from one place.

19. Stripe

Stripe is a fintech company that offers e-commerce and payments services that are easy to use and provide simple integration with major systems. The company's goal is to help its clients grow their businesses by reducing the friction of financial transactions. This fintech company is at the forefront of creating innovation in the payments industry by offering a more secure, faster, and easier way to spend, save, invest, and grow their wealth.

20. Klarna

Klarna is a global fintech company that offers an online payment service that is fast and convenient to use. The company's solution streamlines the payment process and makes it easier for its clients to pay, receive, and refund money. This fintech company aims to create simple and innovative ways to help their customers make informed decisions while shopping online, making transactions easier than ever.


Summing up, the recent developments in the world of fintech are a result of the increasing interest in innovation and technology. This article discussed all the top 20 fintech companies of 2022. It presented more than a dozen innovative startups that offer compelling solutions to help their clients solve their financial needs, meet their financial goals, and achieve greater financial freedom. The continuous development of fintech solutions is expected to bring new opportunities to a wide range of entrepreneurs, investors, and commercial stakeholders. Therefore, the fastest-growing fintech companies are expected to emerge as the market continues to grow and flourish.

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