Top 24 Fintech Firms to Watch in 2022

In the last several years, the fintech industry has exploded, particularly during the pandemic. This exponential growth can be attributed to a variety of factors such as greater automation needs from both companies and consumers, remote work demands during the pandemic and digital transformation. Even governments have taken note of the success of the fintech industry as a jobs creator.

As a result fintech appears poised to outperform much of the market again in 2022 and investors are continuing to pour money into the most promising players. We took a look at which companies have been attracting attention from the market and are poised to dominate their spaces in the new year.

Array

The first fintech on our list is Array. This company works in the credit reporting industry and uses a fully remote business model. 

The Array platform is designed to teach users how each transaction they make will impact their overall financial health. Companies can partner with Array to provide their shoppers with insights into their credit scores while also giving them the opportunity to better protect their identity. 

CapLinked

CapLinked has long been the leading player in the space of virtual data rooms. Their platform provides a secure environment for document sharing and management, especially during complex transactions. Virtual data rooms are a staple in financial services, including M&A and fundraising as investors, banks and dealmakers rely on them for information security when many players are involved in a deal. WSJ has called CapLinked the go-to provider of virtual data rooms.

Digit

The third entry on our list is a direct-to-consumer fintech solution. Digit’s flagship product is an app that incrementally transfers small amounts of funds into a savings account based on user-specified criteria. 

Users can have these funds deposited into accounts for retirement, vacations, or other purposes. Digit’s app uses the latest in machine learning technologies to determine how much money to transfer and when to process these transactions. 

Above Lending

Above Lending offers a user-friendly loan application platform. The system allows users to sort through loan options that best align with their needs. They can then apply for one of these debt consolidation loans in order to combine existing credit card bills into a single monthly payment. 

MANTL

Like Clyde, MANTL is also based out of NYC. The B2B software firm works directly with credit unions and banks to help them optimize back-end tasks. They provide these financial institutions with custom tools that are designed to improve the user experience. 

MANTL’s goal is to assist its clients by increasing conversion rates and growing the number of deposits that they receive.

Hudson River Trading

Hudson River Trading is located in Austin, TX. This innovative fintech company leverages a team of statisticians, engineers, computer scientists, and mathematicians to develop automated trading algorithms. 

Spring Labs

Spring Labs focuses its efforts on data security. They facilitate the secure transfer of information between businesses by using real-time data ledger and blockchain tech. Their platform makes it easier for businesses within the finance industry to combat fraud. 

Chime

Chime is best known as a mobile bank that offers automatic and no-fee savings accounts and early payday options. Chime is poised to take a big leap forward in 2022, as more consumers are looking for flexible banking solutions. 

Coinbase

Cryptocurrency is all the rage these days. From experienced investors to average consumers, everyone is getting in on the action. 

Coinbase makes it easy for individuals to buy, sell, and manage their portfolio of digital currency. They support users in over 30 countries and have facilitated the exchange of more than $150 billion in various digital currencies.

Morningstar

Morningstar is based out of Chicago, IL, and operates within the investment industry. Morningstar provides multiple products and services that are designed to connect investors with top-flight financial research. 

By facilitating these connections, Morningstar helps everyday consumers to make smart investment decisions.

Credit Karma

The extremely popular Credit Karma is a fintech company that specializes in credit reporting services. The firm is based out of San Francisco, CA, and was founded in the spring of 2007.

Credit Karma’s platform and mobile app provide users with access to monitoring, reports, and other data about their credit scores. The program is totally free to line-level consumers. 

Credit Karma uses consumer data to match individuals with new credit opportunities, including auto insurance and loans. 

Robinhood

While Coinbase is becoming more widely known among individuals who are interested in cryptocurrency, fintech company Robinhood remains the preferred investing app for millions of everyday investors. Robinhood’s app is extremely intuitive, making it easy for first-time traders to start building their portfolios.

Whether you are looking for a new digital product to make tracking your financial health easier or you want to start investing in this exciting market, the firms discussed above should be on your radar as we head into 2022.

OpenSea

OpenSea is a fintech platform that is designed to allow users to manage their NFTs. NFTs or non-fungible tokens are unique types of data that can be stored on a “digital ledger.” NFTs can be linked to audio files, videos, photos, and other files. Like cryptocurrency, NFTs rely on blockchain technology.

Betterment

The Betterment platform provides users with cash management and automated financial advising services. The New York-based company is registered with both the Financial Industry Regulatory Authority and the Securities and Exchange Commission.

FormationFi

FormationFi offers cross-chain risk parity farming solutions. Yield farming is the process of lending crypto, but the returns are typically minimal. FormationFi aims to help its users mitigate the risk of blockchain yield farming and earn better returns.

Payoneer

The fintech company Payoneer provides its customers with the ability to easily make and receive international payments. In addition, the platform has digital business management tools. 

Payoneer primarily works with professionals in the freelance service, online sales, digital marketing, vacation rental hosting, and outsourcing industries.

Melio

Melio is a payment platform designed specifically for B2B companies. Clients can pay vendor invoices via free bank transfer. They can also make payments via the Melio credit card for a 2.9% fee. The company has a user-friendly mobile app that is perfect for business owners and executives on the go.

PatternFi

PatternFi uses advanced AI technology to provide its users with access to a robo-advisor. The platform includes financial planning services, management tools, and tax optimization software. PatternFi is a great tool for both individuals and business owners.

Gatsby

Gatsby is a stock purchasing app that is similar to Robinhood. Gatsby not only offers zero commission, but they also have a feature known as “Gatsby Reward points.” Users can redeem their points at the end of each month in exchange for cash.

eToro

eToro is an Israeli-based brokerage company. Instead of facilitating the trade of stocks, eToro allows users to trade crypto and forex or foreign exchange assets. The platform enables fractional investing, offers zero commissions exchanges, and has many other features.

Celsius Networks

Celsius Networks specializes in cryptocurrencies. However, the platform also offers interest-earning savings accounts, payment processing services, and more. Users can even borrow using their current cryptocurrency as collateral.

Filecoin Foundation

Filecoin is a public, open-source cryptocurrency platform that allows its users to store their digital currency on rented hard drive space. The Filecoin Foundation governs and manages the Filecoin ecosystem.

OneOf

OneOf is an NFT platform that is designed specifically for music lovers. Artists can sell collectibles, songs, and other NFT items on the platform. Fans can bid on digital collectibles from their favorite artists, allowing them to access one-of-a-kind materials.

PeerStreet

PeerStreet refers to itself as a “two-sided marketplace” that allows individuals to invest in real estate debt. 

The marketplace is designed for borrowers, lenders, and investors so that they can rejuvenate aging properties. The company sources loans for home renovations via a crowdfunding business model. In order to invest, individuals must be accredited according to SEC guidelines.