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Top 10 global fintech start-ups

From creative cryptocurrency use to banking the unbanked, these dynamic new businesses have unique offerings for the financial technology world.

10 | Humaniq

This banking app wants to be the official bank of the third world - and uses cryptocurrency and a variety of biometric technologies to keep users secure.

By banking via mobile app and using biometrics as identification, the billion plus unbanked people of the world will be able to enjoy banking services and participate in the international marketplace.

9 | Clip

Clip offers the best of mobile banking for Mexico and Latin America.

Users can accept credit card payments right from a smartphone, making it easy to run a small business or even borrow from a friend in an instant. Clip aims to empower Latin American small business owners and level the playing field for microbusiness and individual entrepreneurs.

8 | WeTrust

Lending, borrowing and connecting people without a lot of red tape – that’s the aim of WeTrust, whose slogan is “For the People, By the People”.

This self-regulating lending community is powered by blockchain and allows users to leverage social capital and trust, reducing the need for a third party at all. WeTrust aims to offer lower fees and to keep more capital in the hands of participants instead of a “trusted third party”.

WeTrust has capitalisation of over $15 million and brings a personal, social touch to the world of lending.

7 | Aragon

An easy to use, innovative decentralised management platform, Aragon’s main selling point is its coverage. 

Aragon excels at allowing business owners and managers to find and manage a team anywhere in the world.

With an overall capitalisation of $46 million and a record $25 million raised in the first 15 minutes, Aragon can boast of being the most rapid ICO in the fintech industry.

6 | MetroMile

This San Francisco based start-up offers car owners and drivers an alternative way to insure their vehicle – allowing them to pay by the mile instead of charging a flat rate. 

MetroMile allows those who own cars but don’t drive them far or often the opportunity to save money each month. With rates starting at $35 per month plus 5 cents per mile, CEO Dan Preston hopes to attract the 65 percent of US drivers who only put a minimal number of miles on a vehicle each month.

In September 2016, MetroMile got a $192 million infusion.

5 | IPFS

InterPlanetaryFileSystem (IPFS) makes it easy to store and share files via a peer-to-peer system.

IPFS aims to be free, open and easy to access for all. IPFS aims to improve on traditional P2P file sharing by storing content at unique addresses, instead of on specific hosts or servers.

Since information is distributed amongst peers, DDoS attacks are rendered invalid. The IPFS team hopes that their protocol will eventually rival HTTPS and change the way we use the Internet to access information.

4 | Commonbond

How is that student loan repayment coming along? If you’re still reeling years after graduation, you’re not alone. 

Commonbond aims to help address the growing problem of student loan debt by refinancing loans and saving borrowers money.

A refi company is nothing new, but Commonbond has raised over $1 billion and its technology, which drastically speeds up and simplifies the process makes it appealing for investors.

 

3 | Monzo

Billing itself as “the bank of the future”, Monzo is paired with MasterCard and allows users to bank from anywhere in the world.

Since it accepts cryptocurrency and allows users to make transactions without start-up capital, Monzo is truly a bank without borders or branches. Monzo has a UK full banking license and is the first bank of its kind to be officially licensed. So far, the company has a capitalisation of over $85 million USD.

2 | Stash

What barriers prevent people from investing? For many, the amount of capital required can be overwhelming. 

Stash allows people to begin investing and supports more than 30 electronic fund transfers (EFTs) as of May 2017. Users can start with as little as $5, making the trading environment more accessible than ever before.

Stash provides information about EFTs, including expense to predict, past performance and risk profile, thus making it easy for anyone to invest.

1 | Ethereum

Increased interest in alternative and digital currency makes Ethereum a start-up to watch. With alt currencies like Bitcoin making (positive and negative) headlines every day, the ability to create your own cryptocurrency is a timely idea. 

Ethereum’s platform features smart contracts, blockchain and the ability to negotiate and enforce those contracts from within the site itself, making it user-friendly and accessible. With a market capitalisation of over $4 billion, Ethereum is one of the largest fintech start-ups on our list.

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10 | Humaniq

This banking app wants to be the official bank of the third world - and uses cryptocurrency and a variety of biometric technologies to keep users secure.

By banking via mobile app and using biometrics as identification, the billion plus unbanked people of the world will be able to enjoy banking services and participate in the international marketplace.

9 | Clip

Clip offers the best of mobile banking for Mexico and Latin America.

Users can accept credit card payments right from a smartphone, making it easy to run a small business or even borrow from a friend in an instant. Clip aims to empower Latin American small business owners and level the playing field for microbusiness and individual entrepreneurs.

8 | WeTrust

Lending, borrowing and connecting people without a lot of red tape – that’s the aim of WeTrust, whose slogan is “For the People, By the People”.

This self-regulating lending community is powered by blockchain and allows users to leverage social capital and trust, reducing the need for a third party at all. WeTrust aims to offer lower fees and to keep more capital in the hands of participants instead of a “trusted third party”.

WeTrust has capitalisation of over $15 million and brings a personal, social touch to the world of lending.

7 | Aragon

An easy to use, innovative decentralised management platform, Aragon’s main selling point is its coverage. 

Aragon excels at allowing business owners and managers to find and manage a team anywhere in the world.

With an overall capitalisation of $46 million and a record $25 million raised in the first 15 minutes, Aragon can boast of being the most rapid ICO in the fintech industry.

6 | MetroMile

This San Francisco based start-up offers car owners and drivers an alternative way to insure their vehicle – allowing them to pay by the mile instead of charging a flat rate. 

MetroMile allows those who own cars but don’t drive them far or often the opportunity to save money each month. With rates starting at $35 per month plus 5 cents per mile, CEO Dan Preston hopes to attract the 65 percent of US drivers who only put a minimal number of miles on a vehicle each month.

In September 2016, MetroMile got a $192 million infusion.

5 | IPFS

InterPlanetaryFileSystem (IPFS) makes it easy to store and share files via a peer-to-peer system.

IPFS aims to be free, open and easy to access for all. IPFS aims to improve on traditional P2P file sharing by storing content at unique addresses, instead of on specific hosts or servers.

Since information is distributed amongst peers, DDoS attacks are rendered invalid. The IPFS team hopes that their protocol will eventually rival HTTPS and change the way we use the Internet to access information.

4 | Commonbond

How is that student loan repayment coming along? If you’re still reeling years after graduation, you’re not alone. 

Commonbond aims to help address the growing problem of student loan debt by refinancing loans and saving borrowers money.

A refi company is nothing new, but Commonbond has raised over $1 billion and its technology, which drastically speeds up and simplifies the process makes it appealing for investors.

 

3 | Monzo

Billing itself as “the bank of the future”, Monzo is paired with MasterCard and allows users to bank from anywhere in the world.

Since it accepts cryptocurrency and allows users to make transactions without start-up capital, Monzo is truly a bank without borders or branches. Monzo has a UK full banking license and is the first bank of its kind to be officially licensed. So far, the company has a capitalisation of over $85 million USD.

2 | Stash

What barriers prevent people from investing? For many, the amount of capital required can be overwhelming. 

Stash allows people to begin investing and supports more than 30 electronic fund transfers (EFTs) as of May 2017. Users can start with as little as $5, making the trading environment more accessible than ever before.

Stash provides information about EFTs, including expense to predict, past performance and risk profile, thus making it easy for anyone to invest.

1 | Ethereum

Increased interest in alternative and digital currency makes Ethereum a start-up to watch. With alt currencies like Bitcoin making (positive and negative) headlines every day, the ability to create your own cryptocurrency is a timely idea. 

Ethereum’s platform features smart contracts, blockchain and the ability to negotiate and enforce those contracts from within the site itself, making it user-friendly and accessible. With a market capitalisation of over $4 billion, Ethereum is one of the largest fintech start-ups on our list.

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