25 Hot Fintech Startups You Should Be Watching

If you’re in the banking sector, there’s no doubt that you should be keeping a close eye to the Fintech industry. Besides providing innovative new technology and ideas for the banking industry, these exciting Fintech startups also provide innovative solutions for the small business owner.

If you are looking for low-cost solutions to your business accounting and finance needs, from invoicing to payroll to investing, the Fintech sector is an exciting space. Whether you’re just getting into Fintech or have been interested in the technology for some time, here are 25 hot Fintech startups worth paying attention to.

Due.com

Due.com has recently redesigned the website of its invoicing service to allow greater ease of use. Clients can now design their own invoices, upload company logos, and access an increased amount of data and reports from the dashboard in a snap. Due.com is also a free invoicing service with hundreds of templates for business owners to use.

SoFi

SoFi gives individuals an opportunity to refinance a number of debts including student and personal loans, mortgages, and MBA loans. SoFi also provides opportunities for investors.

Planwise

Planwise was established to help people in a simple way gain confidence and skills necessary in financial planning. A user-friendly software program guides customers as they evaluate their current financial situations, add monetary goals, and develop plans-of-action to reach these goals.

LendUp

LendUp offers an affordable alternative to traditional payday loans. Each loan has clear terms and can have an interest rate as low as 29 percent. The LendUp Ladder program allows borrowers who have made steady payments to obtain better rates and longer terms on future loans.

Nok Nok Labs

Nok Nok Labs has developed innovative authentication technology for e-commerce consumers. The company has assembled an experienced web security team who strive to provide superior customer service, as well as ongoing support and training for clients

Trulioo

Trulioo developed an instant bank grade identity verification service called GlobalGateway. It’s used with compliance systems across the globe to help payment providers and financial services comply with international Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements worldwide. This is done easily through a single API integration.

Plaid

Financial management applications have been brought into the future with the technology developed by Plaid. Plaid has technology that allows ACH verification to be completed in just seconds and allows banking data to be quickly accessed and organized into comprehensive statements.

Wealthfront

Wealthfront is a fully-automated investment management system. It has the most advanced software that can minimize tax liabilities and react to changing economic conditions through a schedule of rebalancing investment portfolios.

Giftly

Giftly offers the most versatile way to give gift cards. Senders may opt to send a card by email, text, or U.S. mail; recipients can print the card or transfer the funds to a credit card or PayPal. They can also correspond with the sender to offer thanks or to share what they purchased with the card.

FinCon (Fintech startup conference)

If you want to attend one of the best Fintech conferences on the planet, FinCon is where you should start. FinCon brings together thousands of Fintech companies for one of the best networking conferences that I've been to. Sessions are sculpted around meeting each other and learning. FinCon makes this list as it is a startup as well. You can check out the upcoming conference that takes place later this year.

On top of that, the Plutus Awards are presented each year at FinCon. If you're a business owner looking to connect with influencers in the space, sponsoring the Plutus Awards is a great way to go about it. I've helped plan the Plutus Awards for a few years now, and it's always one of the highlights of the conference.

More articles from AllBusiness.com:

Stripe

Stripe provides a wide array of API applications that can handle all aspects of e-commerce for businesses of any size. Stripe offers complete security and customer support for electronic payment systems, including systems on mobile devices.

Addepar

Addepar is a comprehensive investment management system that allows immediate access to data, customized reports, dashboards, and the most sophisticated technology in the field. Addepar can consolidate information from all departments within your company and can integrate them with existing software systems.

Robinhood

Robinhood provides free stock market trading. The goal is to provide a simplified explanation of the stock market that will allow all individuals an opportunity to make informed investments and build their wealth.

Square

Square is a mobile POS app that can perform a number of functions such as credit card sales, invoicing, inventory, and analytics. Square offers users an opportunity to access business capital and provides an extensive customer support network.

Forge (formerly Equidate)

Forge benefits both investors and shareholders by allowing access to promising startups in the pre-IPO stage. Employees of such companies can sell their shares before the company becomes highly successful.

Tipalti

Manage your global payments in an automatic, cost-effective manner with Fintech startup Tipalti. Tipalti integrates well with partner websites, reduces transaction fees, and continuously updates your payment system for changes in tax and regulatory laws.

LendFriend

LendFriend is an innovative online platform that seeks to serve the population who are underserved by banks and traditional lenders. LendFriend creates an opportunity for individuals to lend money to people they know.

TrueAccord

TrueAccord is a Fintech startup that has developed a fully automated debt recovery system for enterprises and small businesses. It gives those who owe money a method to repay their debts and for businesses to preserve customer relationships while recovering past due payments.

WePay

WePay is a flexible payment option for online merchants. The Connect platform enables users to use WePay to receive payments, while the Clear platform allows users to collect payments under their own brand.

Lending Club

Lending Club offers a non-traditional way for individuals and businesses to obtain loans. Groups of investors fund the loans and Lending Club now offers a program where medical providers can give patients the option of obtaining loans to cover medical treatments.

Juntos

Juntos is a mobile application that encourages individuals to fully utilize their online financial accounts. The program is designed to change user behavior and help people take a greater interest in their financial future.

NerdWallet

NerdWallet offers a wealth of financial information about credit cards, banking, and mortgages. Visitors can obtain free financial advice and reviews of credit card offers.

Prosper

Prosper is a peer-to-peer lending company. Borrowers may request loans from $2,000 to $35,000 while investments begin at $25. Prosper handles the loan servicing on behalf of both parties in the transaction.

LendingRobot

LendingRobot allows peer-to-peer lenders to bring automation to their loan portfolios. This process allows individual investors to have instant access to lending opportunities, invest according to pre-set criteria, and receive daily reports on portfolio activity.

FutureAdvisor

FutureAdvisor brings years of financial planning experience to today’s investors. The company serves clients throughout the nation in areas of retirement and educational planning.