10 FinTech companies to watch in 2022: the future of finance
As the financial industry changes and evolves with new technologies, staying on top of trends becomes increasingly crucial. The best way to do this is to keep an eye out for innovative companies emerging as fintech leaders.
There are a number of predictions for the future of fintech, as well as many companies trying to shape the industry. As a result, we’ve compiled a list of the ten fastest growing fintech companies to watch in 2022.
In 2008, Paidy started as a Japanese payment company that allows consumers to purchase items and pay later. In recent years, it has expanded to offer financing options on Rakuten, Japan’s largest online retailer, and Amazon.co.jp. The future of Paidy looks set as it currently has over 6,000,000 users and continues to grow, with a workforce of over 145 employees. In 2021, the fintech company secured $ 120 million (USD) in new funds, it was also acquired by PayPal for $ 2.7 billion (USD).
9) World papaya
Israeli software as a service (SaaS) platform Papaya Global was founded in 2016 to automate international payroll and HR procedures. The company provides businesses around the world with access to a network of preferred suppliers. As more companies are expected to choose SaaS services over on-premises software, Papaya Global is uniquely positioned to benefit. The company has a growing workforce of 245 people and has secured $ 250 million (USD) in new investments this year.
8) Grab Financial Group
In 2018, Grab Financial Group began providing digital-only payment, financing, insurance, rewards and investing services. The Singaporean company employs 150 people and is on its way to becoming one of Asia’s largest fintech startups. This is a separate unit from Grab, the ridesharing app. In 2021, he raised $ 300 million (USD) in new capital from investors.
7) Dapper Laboratories
Based in Canada, Dapper Labs is the company behind the viral success of CryptoKitties. The fintech startup was formed in 2018 to create gaming-related products using blockchain technology and has more than 252 employees, including former employees of companies like EA Sports, Hasbro, Disney, Amazon, and Zynga. In 2021, it secured $ 550 million (USD) in new funding for further expansion.
In 2015, Rapyd launched as a full payment service provider integrating fintech services. The company provides merchants with a payment platform that Rapyd can easily integrate with any existing app or website, including WordPress, Wix, and Shopify. They are headquartered in the UK and have 320 employees. In 2021, they raised $ 600 million (USD) in capital to grow their business.
In 2004, the payment integration company Mollie was founded in the Netherlands. The company offers a range of services, including online payment processing for merchants and user-friendly payment options for end users. Since then, it has more than 515 people and has secured $ 675 million (USD) in new funding from investors this year to support the company’s expansion.
Launched in 2008, Fenergo develops software for financial services companies such as asset managers and investment banks to help them meet compliance requirements. The company’s flagship product, Client Lifecycle Management (CLM), enables organizations to identify customers, manage their information, and monitor transactions in real time while complying with regulations. The Irish-headquartered startup has more than 700 employees and has received more than $ 600 million (USD) in funding this year.
3) Commercial republic
Trade Republic is a Germany-based exchange that was founded in 2015. It allows clients to trade financial products, including cryptocurrencies and publicly traded securities. The company has a workforce of over 460 people who are committed to providing the best possible trading experience for their app users. In 2021, Trade Republic raised $ 900 million (USD) in new capital from investors to use for the development and growth of the platform.
2) Bharat Pe
As one of India’s largest fintech startups, BharatPe provides business owners with app-based payment and card acceptance options. It doesn’t offer any transaction fees or monthly costs, making it one of the most attractive alternatives for small and medium-sized businesses looking to expand in India. In addition, the company also offers a card payment machine so that business owners can accept card payments in physical locations.
BharatPe was founded in 2018 and also offers a P2P lending solution called 12% Club to enable alternative financing options that are not available from traditional banks. It employs over 1,100 people and this year received $ 545 million (USD) in funding from investors to develop new products and services.
The American company BlockFi was founded in 2017 and specializes in the lending of crypto-assets. The company offers loans in USD, GBP or EUR against cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC). It is a platform of choice for people looking to leverage their cryptocurrency assets while retaining access to liquidity.
BlockFi also provides a variety of financial services, including an interest rate account for cryptocurrency holders. The company also has a trading platform, allowing the instant exchange of crypto-assets for individuals. It also has the world’s first credit card to reward Bitcoin. More than 850 people work for the fintech company, which secured $ 850 million (USD) in new funding in 2021.