15 digital payment companies and startups (2024)

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Total income from the global electronic trade market should reach $ 4.17 in 2024.

This growth comes a serious need for new payment options, payment technology and the Back-End transformation infrastructure.

By 2025, BNPL (buy now, pay later) companies will treat alone $ 680 billion in transaction volumewhich is one of the hottest trends in the Fintech space today.

We have assembled some of the most innovative and exciting fintech payment startups that transform the way people pay for the things they buy online.

1. Flutterwave

5 -year research growth: 209%

Research growth status: Culminating

Year: 2016

Location: San Francisco, California

Funding: $ 509.5 million (series D)

What they do: Built for the international community and started with Nigerian entrepreneur Olugbenga Agboola,, Ripple Provides a series of full payment which allows companies to accept a wide variety of payments around the world (including continents historically un served such as Africa.) Work with names like names like Uber and reservation.com200 million dollars collected to date have helped to put Flutterwave on the card.

2. Fampai

5 -year research growth: 5,500%

Research growth status: Regular

Year: 2019

Location: Bengaluru, India

Funding: $ 42.9 million (series A)

What they do:: Fampay is a personal finance startup that offers a mobile and banking payment platform for adolescents and their families. Its platform provides a range of services, including payments, money transfers and savings accounts, which aim to help adolescents learn about financial management and develop responsible spending habits. Fampay’s solution also includes features for parents, such as spending and transactions monitoring controls, in order to ensure safe and secure financial experience for their children.

What they do:: Throw has exploded in popularity since their foundation 10 years ago, with 21 million subscribers and 1T Won has invested in their platform as major milestones so far. TOSH provides Users based in Asia with a powerful alternative to personal financial applications based in the West like Robinhood, Betterment or SASH. The team attracted Paypal’s investments, Kleiner Perkins and Bessemer Venture Partners.

4. Thun

5 -year research growth: 120%

Research growth status: Regular

Year: 2015

Location: Singapore, Singapore

Funding: $ 202 million (series C)

What they do:: Jostling is a cross-border payment platform that allows companies to send money internationally using more than 250 payment methods in 80 currencies. The startup works with some of the largest companies in different industries, including Uber, Paypal and. Since the launch, ThUnes has treated More than $ 50 billion in total transactions.

5. Above loans

5 -year research growth: 463%

Research growth status: Exploding

Year: 2011

Location: Houston, Texas

Funding: 200 million dollars (debt financing)

What they do: With a 4.5 / 5 fiduciary dimension in the traditionally low space of confidence of personal loans, Above loans rationalized the process of obtaining a personal loan with its simple request process. Customers can choose relevant loan offers, apply, be approved and receive funds instantly.

6. Revolut

5 -year research growth: 162%

Research growth status: Exploding

Year: 2014

Location: London, England

Funding: $ 1.7 billion (not disclosed)

What they do:: Revolt is a mobile banking application and a digital payment platform. It works as a regulated EU bank and registered with a secure digital portfolio payment method, Revolut Pay. Users can send and receive money from other revolut customers or unoriented banks. In 2023, Revolut exceeded 30 million customers And starting deals with 400 million transactions each month.

7. Mantl

5 -year research growth: 31%

Research growth status: Regular

Year: 2016

Location: New York, Ny

Funding: $ 62.3 million (series B)

What they do:: Coat Pretensions are the “secret behind credit cooperatives and the fastest growth banks”. Mantl’s secret sauce offers financial institutions a digital toolbox that helps customers open new accounts in a few minutes. Customers include rear like Cambridge Savings Bank, Cross River and Midwest Bank Center. According to Mantl, Results obtained Include $ 5,000 in average financing for checks, 4x increase in requests submitted, less than 3 minutes to open a new account, and more.

8. Rapyd

5 -year research growth: 20%

Research growth status: Regular

Year: 2016

Location: London, United Kingdom

Funding: $ 770 million (secondary market)

What they do: Based in London Rapyd has developed seamless resources to insert Fintech services into any application, while offering cross -border payment solutions that govern transactions through different currencies. The resolution of unique payment problems for B2B customers such as Grupo Modelo, Banks and Fintech startups such as Paysafe, markets and platforms like Uber, and electronic commerce like IKEA, the full suite of payment and recovery of Rapyd have increased since 2016.

9. Trueacord

5 -year research growth: 213%

Research growth status: Regular

Year: 2013

Location: Lenexa, Kansas

Funding: $ 47.1 million (unknown series)

What they do: The perception of debt is always one of the longest tasks for payment companies (in particular those operating with inherited technology.) Trueacord The platform encourages debtors to pay with their simple and transparent payment program. Trueacord has been approved by the main payment and debt associations, as Rmai And the Consumers Banking Association, as a leader in the industry in terms of payment technology.

10. Chime

5 -year research growth: 17%

Research growth status: Exploding

Year: 2011

Location: San Francisco, California,

Funding: $ 2.3 billion (secondary market)

What they do:: Carillon is a fintech startup that provides banking and online payment services. Unlike traditional banks, Chime offers a banking experience without costs without cost of monthly maintenance, minimum balance fees or foreign transaction costs. Thanks to the mobile portfolio of the platform, customers can send digital payments using the “Pay anyone” functionality “without instant liquidity costs. Currently, the company has finished 14.5 million users.

11. Nowpayments

5 -year research growth: 9,700%

Research growth status: Exploding

Year: 2019

Location: Amsterdam, Netherlands

Funding: Not disclosed

What they do: While more and more companies are looking to accept cryptocurrency as payment, startups like Nowpayments prospered. Simple integrations with Shopify, WooCommerce, Magento and more mean that suppliers can quickly obtain crypto payments from their business management.

12. Klarna

5 -year research growth: 80%

Research growth status: Exploding

Year: 2005

Location: Stockholm, Sweden

Funding: $ 4.5 billion (unknown series)

What they do:: Klarna has taken off as one of the first BNPL solutions (buy now paying later), offering electronic commerce customers a flexible way to pay over time. With a gigantic valuation of more than $ 45 billion, Klarna continued to advance as one of the leaders in the electronic commerce payment space. Count the first retailers Like H&M, Macy’s, Sephora, Adidas and many other people among their customers, Klarna now has more than 90 million buyers worldwide, 250,000 retail partners and treats 2 million daily transactions.

13. Brex

5 -year research growth: 6%

Research growth status: Regular

Year: 2017

Location: Salt Lake City, Utah

Funding: $ 1.5 billion (series D)

What they do:: Brex could be the most famous for their Iconic display panel advertising Campaign that stifled San Francisco. In 12 months, Brex doubled their evaluation and from March 2020 to March 2021, increased its income and TPV (total payment volume) by 100% according to the CEO Henrique Dubugras.

14. Gemini

5 -year research growth: 96%

Research growth status: Exploding

Year: 2014

Location: New York, New York

Funding: $ 423.9 million (unknown series)

What they do:: Gemini is a complete exchange, a payment platform and a cryptographic broker. Gemini has become one of the largest fintech payment startups in the world after a massive financing tour which appreciated them in $ 7.1 billion. Now offering products such as a Gemini credit card with cashback and awards (including winning Crypto), Gemini has gone from a single exchange to a complete financial platform focused on crypto.

15. Razorpay

5 -year research growth: 300%

Research growth status: Exploding

Year: 2014

Location: Bangalore, India

Funding: 816.3 million dollars (secondary market)

What they do:: Razorpay is a digital payment platform based in India so that companies treat online transactions. Unlike other payment startups in India, Razorpay offers complete financial solutions, including commercial banking services, loans and payroll. In 2023, the company reached 450,000 customers and $ 226.6 million In income.

Conclusion

With the growth of electronic commerce, fintech and crypto (and in particular the three combined technologies), the payment space changes quickly.

Continue to check the payment startups on our list while they continue to innovate, fail and deliver new solutions.