on 16 November 18
Financial Technology, which is nowadays known as Fintech describes a business that works with the motive to provide financial services by using software as well as modern technology. Currently, Fintech companies compete with banks to offer financial services as well as solutions to esteemed customers. It is said that due to regulatory reasons as well as their internal structures, banks need to struggle in order to keep up with fintech startups. In this blog, there are promising U.S. based fintech Startups with growing traction that demonstrates broader industry trends:
This is a technology-enabled investment platform that aims to connect operators as well as investors of real estate. However, it is not interested in crowdfunding, but prefer capturing the large pools of capital, which is required to fund major commercial deals. The CEO of Cadre, Ryan Williams is a Harvard-educated serial entrepreneur. This startup works with the objective to target income-producing properties primarily on office, retail assets and multifamily.
It is a San Francisco based car insurance startup and its core offering is Pay-per-mile auto insurance. The typical fee is $35 per month plus 5 cents per mile for low-mileage drivers and this can lead to huge savings. On the other hand, for high-mileage drivers, the company is looking forward to experiment with partnerships. In this regard, it has joined hands with Uber with the motive to offer a specialized plan that includes both personal and commercial coverage. There are three aspects where Metromile shines such as there is a measurement of only mileage not driving habits, offers 24/7 claim services and lastly, allow low mileage drivers to save a lot of money.
Cross River Bank
This is a highly reliable community institution and an emerging leader in the marketplace, offering better banking to individuals and companies across the United States. The company combines advanced technology, data analytics as well as a qualified team to provide unmatched products and great expertise in regulatory compliance as well as personalized service. By serving companies like Google Wallet, Rocket Loans and Affirm, it has managed to carve a valuable niche for itself. Whether you are choosing checking account, managing your spending or banking on the go, Cross River leaves no stone unturned for a hassle-free management of your everyday banking. So, customers can start availing the benefits of quality banking.
The Fintech Startup offers an easiest way to collect, fundraise and sell within your community. It charges some amount of fee for selling merchandise or tickets and rest of the transactions are free. Whether it is the friday night pizza with your besties or a sorority-sponsored fundraiser, Tilt offers the functionality of hassle-free peer-to-peer payments, Eventbrite and crowdfunding under one roof.
Stash works with the motive to empower a new generation of investors so as to provide access to financial opportunity. The company is growing rapidly with a low cost of acquisition because of viral engagement. The strength of the company lies in start small and think big ethos, allowing users to invest as little as $5.
All these above-mentioned Fintech Startups are incredible as they are adding good value and making innovative difference in the financial market. So, pay attention on them.
This Article is originally published here.