A Guide to Fintech Companies
Fintech or financial technology companies are those that use software and modern technology to provide financial services to consumers. Today we use modern technologies when we do mobile payments, personal financing, loans, and a lot more. The big fintech companies are concerned with modern technologies that make things a lot easier for users.
In the tech world, a start-up company that began at the bottom and worked their way up to being worth billions of dollars is a unicorn. Not many companies were unicorns in years past, but today unicorns are popping up from every corner of the world.
In Forbes Top 50 fintech companies for the year, 19 were worth billions of dollars and 20 startup companies. Below are some of the companies that were included in the Forbes top 50 fintech companies.
Acorns is an investing app that helps you to save in small and painless increments by rounding up your spending through debit and credit cards. Betterment is the largest independent robo-advisor. Coinbase helps you buy, sell, and manage cryptocurrency. The startup company Fundrise helps you invest money in real estate according to your goals. In Robinhood, they will help you invest in stocks, ETFs, cryptocurrencies, and more, easily and without commission. Stash allows you to invest and open a debit account with very small amounts of money.
The fintech companies mentioned above are some of the fastest growing in the world. The reasons below helps us to understand how these companies excelled.
It is very easy to use Betterment. You might wonder if you did it correctly because of its simplicity. It did not make users confused as they thought they would. A digital financial advisor that can help manage your money or a robo-advisor is used by Betterment. If you need advice, then it only incurs a low cost to get one. You can still get advice in money management even if you are low in time and budget.
You benefit from the low monthly payment plans of Acorns. It is very affordable to everyone. They even offer a basic plan to college students for free.
Valuable information can be obtained from Stash. They provide blog posts on subjects that are currently relevant like cryptocurrency.
These companies’ marketing techniques are accessible and appealing to customers. Most consumers choose a brand they can benefit from. You can reach out to them by telling a story that they can identify with. Here is where you can read.
Fintech has also helped us with acceptable modes of payment. Companies like Square can read debit and credit cards.
PayPal is very easy to use and it only takes an email address to set up your account. Your smartphone will receive all your PayPal notifications. Other payment apps include Venmo which has a social aspect added to it.