Top Finance related Startups To Inspire You

With the rise of technology, finance is one field that has seen a great deal of innovation in recent years. The increased attention to matters related to cryptocurrency has made the startup space very lucrative for entrepreneurs looking to start something innovative.

If you aim to become an entrepreneur in this space, below are some startups to take inspiration from.

1. Ripple

The blockchain startup provides an open-source, real-time gross settlement system that reduces the gap between fiat currency and cryptocurrency. Ripple has won multiple awards for its innovative approach to finance. The company’s token, XRP, is now among the top cryptocurrencies in market capitalization.

2. Lending Club

Founded in 2006, Lending Club is the world’s leading online marketplace connecting borrowers and lenders. The company provides financial services in countries including the US, UK, Canada, and Australia.

3. Betterment

Betterment is a robo-advisor for individuals to set aside money for future use through automated investment management. In addition to index funds, Betterment also offers exchange-traded funds (ETFs) and individual bonds.

4. Venmo

Venmo is a mobile payment service that allows its users to transfer money among themselves with the convenience of a text message. The app has become very popular as it tackles one of the biggest problems users face – lack of cash on hand.

5. Wealthfront

Wealthfront is another robo-advisor that offers automated investment management for its users. It was among the first companies to provide free tools to investors and has since gained popularity by targeting millennials looking to invest.

6. Coinbase

The San Francisco-based company provides cryptocurrency services to businesses and consumers. Coinbase allows its users to buy, sell, and store digital currencies like bitcoin, ethereum, and litecoin. The startup is one of the most successful in this space, having raised over $217 million from various investors, including the New York Stock Exchange (NYSE).

7. Robinhood

Another cryptocurrency startup, Robinhood, provides no-fee stock trading services to its customers. The company’s commission-free trading model has proven popular among millennial investors looking for opportunities to grow their cash savings.

8. Moven

Moven is a New York-based startup that makes it easy for its customers to manage their money. The company provides access to financial accounts and products and products including prepaid cards, savings and checking products, and more.

In conclusion, the finance industry has seen a great deal of innovation over the last few years. These eight startups are only a small example of how this space evolves to serve customers better. For aspiring entrepreneurs, these companies provide valuable lessons on how to run an innovative business in the financial services sector.