As they say – money makes the world go around.
And this is aided by the companies that facilitate the movement of money – the companies that run the payment and banking services that we use every day.
For decades (and more) this arena has been the domain of a privileged few, but all that is now changing. As the world has moved online, new Fintech payment and money transfer solutions have appeared.
Below are 24 that you should know about…
Adyen
Adyen’s platform is designed to integrate gateway, risk management, processing, acquiring, and settlement of payments. The platform directly connects merchants to Visa, Mastercard, and other payment methods, and sales channels, including its merchants’ online, mobile, and point-of-sale channels.
2006 – Amsterdam, Noord-Holland, The Netherlands
Pieter van der Does
Total funding: $266m
Azimo
Azimo is an online money transfer company providing a fast, secure, and low-cost alternative to legacy high street remittance services. Azimo’s mission is to reduce the unnecessary costs associated with sending money to your home country. Using Azimo’s international money transfer platform users can either send money either to a bank account or to over 270,000 cash pick-up points around globally, which are accessible via mobile devices.
2012 – London, UK
Marek Wawro, Marta Krupinska, Michael Kent, Ricky Knox
Total funding: $88.1m
Web: https://azimo.com/en
Braintree
Braintree is a payment platform that is providing all the tools online and mobile businesses need to accept payments. Braintree has strategically focused on becoming a mobile, high-growth commerce channel and supports payments for mobile-centric merchants. Braintree has become very successful and has been procured by PayPal, benefitting from its millions of users.
2007 – Chicago, Illinois, USA
Bryan Johnson
Total funding: $69m
Coinzone (acquired by Coinify)
Coinzone’s payment solutions allow users to accept virtual currencies without having to hold any virtual currency while receiving pay-outs in their preferred local currencies. Coinzone offers differentiated solutions for merchants and PSPs, empowering them to expand their portfolio of alternative payment methods with 10 of the most common virtual currencies.
2014 – Herlev, Hovedstaden, Denmark
Diwaker Singh, Manuel Heilmann, Radu Georgescu
Total funding: €1m
Cryptopay
Cryptopay is a digital currency firm offering crypto-wallets, debit cards, B2B payments, and investments. Using Cryptopay, merchants and consumers can make transactions that are backed by the new bitcoin payment protocol.
2013 – London, UK
Dmitry Gunyashov, George Basiladze
Total funding: $18.1m
Web: https://cryptopay.me
Currencycloud
Currencycloud specialises in a fully cloud-based platform for B2B cross-border payments. The company aims to take the complexity out of moving money with its smart technology. Currencycloud helps businesses to build customised payment solutions and manages the regulatory hurdles involved with cross-border payments for them to make global payments simple.
2012 – London, UK
Mike Laven, Nigel Verdon, Richard Arundel, Stephen Lemon
Total funding: $160.2m
Dinie
Dinie provides flexible, convenient, and easy-to-use financing solutions for small businesses embedded into digital platforms. With their end-to-end lending API, Dinie enables digital platforms such as marketplaces, Saas, and ERPs, to offer instant credit to their customers to help them grow their businesses.
2019 – São Paulo, Sao Paulo, Brazil
Andrea Burattini, Suzy Ferreira, Vinícius Cibim
Total funding: $23.8m
Dopay
Dopay is a cloud-based payroll service that allows employers to calculate salaries and make payments electronically. As there are many people without bank accounts, Dopay offers a solution for companies who have to manage large volumes of cash with its payroll and cash management service for companies. Employees of these companies receive a DoPay card and DoPay app, which give them a full banking experience.
Flypay
Flypay is an app platform designed to transform the hospitality payment experience for customers. Using Flypay, users can check, split and pay for their bill, without finding a waiter. Flypay also offers a bar tab solution eliminating the need to leave cards behind the bar.
2013 – London, UK
Chris Evans, Tom Weaver
Total funding: $16.7m
GoCardless
GoCardless aims to make collecting payments by direct debit easy for everyone. GoCardless’ global payments network and technology simplify recurring payment processes for businesses. More than 40,000 businesses worldwide, transact through GoCardless each month.
2011 – London, UK
Hiroki Takeuchi, Matt Robinson, Tom Blomfield
Total funding: $217.3m
Hawk:AI
HAWK:AI is an Anti Money Laundering transaction monitoring platform. HAWK:AI’s mission is to run a real-time transaction monitoring solution to support Financial Institutions to get to the next level of Anti-Money-Laundering. The detection and investigation platform integrates SaaS, cloud, Artificial Intelligence, and machine learning to combat fraudulent payments.
2018 – Munich, Bayern, Germany
Tobias Schweiger, Wolfgang Berner
Total funding: $10m
Web: https://www.hawk.ai
Ingenico Group
Ingenico is a legacy payment processor that provides smart payment solutions to support in-store, online and mobile commerce. Ingenico rose to popularity from handling in-store card payments which is why it is a popular processor amongst brick and mortar stores. Igenico has progressed to company offer payment solutions across in-store, online, and mobile channels.
Jean-Jacques Poutrel, Michel Malhouitre
Total funding: $100k
Klarna
Klarna is an e-commerce payment solutions platform for merchants and shoppers.
Klarna’s payment system gives flexibility and freedom over the choice of how and when to pay. Klarna offers users direct payments, pay after delivery options, and instalment plans.
2005 – Stockholm, Stockholms Lan, Sweden
Niklas Adalberth, Sebastian Siemiatkowski, Victor Jacobsson
Total funding: $3.7b
Kwanji
Kwanji is an online FX comparison platform helping businesses across the world to trade more efficiently. It works as a free service for international payments aimed at small and mid-tier businesses offering a quick and easy online comparison of rates and fees. Kwanji is partnered with FCA regulated brokers in the UK and beyond to help businesses transact globally without being overcharged.
2013 – London, UK
Leslie Onyesoh, William Lorenz
Total funding: $1.9m
The PayPro
The PayPro is an online tool tailored to the needs of professionals and small businesses to make payments in over 30 currencies. The PayPro helps its users to avoid the hidden charges of the banks. Thanks to The PayPro, users’ small and medium-sized enterprises have access to mid-market rates to increase their profitability.
2015 – London, UK
Gabriel Llambias, Pablo Ruiz
Total funding: $497k
Pleo
Pleo aims to make every employee feel valued at work and revolutionise business. Pleo offers smart payment cards for employees to buy work-related products while keeping the company in control of spending. Pleo provides a fun-to-use spend management app that automatically tracks work-related spending and generates expense reports so businesses can incentivise workers while monitoring expenses.
2015 – Copenhagen, Hovedstaden, Denmark
Jeppe Rindom, Niccolo Perra
Total funding: $228.8m
Web: https://pleo.io
Razorpay
Razorpay is a platform that is enabling businesses to accept, process, and disburse payments. Razorpay gives access to all payment modes including credit card, debit card, net banking, UPI, and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp.
2014 – Bangalore, Karnataka, India
Harshil Mathur, Shashank Kumar
Total funding: $366.6m
Web: https://razorpay.com
Revolut
Revolut is a financial services platform specialising in mobile banking, card payments, money remittance, and foreign exchange. Revolut includes a pre-paid debit card, currency exchange, and peer-to-peer payments. Revolut’s mission is to build a fair and frictionless platform to use and manage money around the world.
2015 – London, UK
Nikolay Storonsky, Vlad Yatsenko
Total funding: $1.7b
Square
Square is a merchant services aggregator and mobile payment company that aims to simplify commerce using technology. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. Individuals can use its app to spend, spend in store, and invest money.
2009 – San Francisco, California, United States
Buzz Andersen, Jack Dorsey, Jim McKelvey
Total funding: $601.2m
Stripe
Stripe is a developer-oriented commerce company helping small and large companies accept web and mobile payments. Stripe facilitates businesses by using its software to accept online payments and run complex global operations. The company combines economic infrastructure with a set of applications for new business models like crowdfunding and marketplaces, fraud prevention, analytics, and more.
2010 – San Francisco, California, United States
Patrick Collison
Total funding: $2.2b
Templar Payments
Templar’s goal is to bring simplicity back to financial services. With the reliance upon sharing information through emails and even hard copies as a receipt of payments, people are facing security issues. To help prevent the frustration of missing documents, waiting several working days for email replies, ambiguity, and miscommunication in basic application and onboarding processes Templar has created the Digital First Onboarding for all ISO’s.
2020 – Leeds, UK
Kathryn Miller, Nathan Watkins
Total funding: £100k
TransferGo
TransferGo facilitates international money transfers for both migrant workers and businesses using their digital account-to-account business model. TransferGo aims to support migrant workers to send money back to their relatives without paying superfluous bank fees. TransferGo is a licensed and authorised payment institution controlled by the FCA under the supervision of HMRC, making it a secure payment method.
2012 – London, UK
Arnas Lukosevicius, Daumantas Dvilinskas, Edvinas Sersniovas, Justinas Lasevicius
Total funding: $69.7m
Wise
Previously known as TransferWise, Wise began life providing money transfer services, along with a borderless account for its customers, and holding over £2 billion in current deposits. Since then, it has fast become a leading contender in mobile banking services (including business banking). offers multi-currency accounts around the world and boasts over 10 million customers.
2011 – London, UK
Kristo Kaarmann, Taavet Hinrikus
Total funding: $1.3b
Web: https://www.wise.com
Yoyo Wallet
Yoyo Wallet is a U.K.-based mobile wallet startup that enables its users to pay for their goods with their smartphones. Yoyo Wallet processes in-store transactions by combining payment and loyalty via an easy scan, where customers gain reward offerings from the loyalty programmes. It also provides a marketing platform for retailers, enabling digital customer engagement in-store.
2013 – London, UK
Alain Falys, Daniel Maurice-Vallerey, Dave Nicholson, Michael Rolph
Total funding: $60.3m
The list above includes startups that make all our lives easier – from creative, innovative payment methods to seamless business transactions.
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