Harris KhanLeveraging groundbreaking advancements in technology and a recent shift in momentum in regulation, the credit (fintech) space is booming with disruptive innovation like never before. Recent data indicates that this space is growing at an exponential rate. In fact, an estimate puts the total number of tech startups in this space at over 1,000.
These companies are solving some of the ancient and time-tested problems in the lending industry. Incumbents are highly dependent on each other to deliver end-to-end solutions and rely on one another to provide critical know-how and market intelligence. However, in order to move fast, startups in the credit space have the benefit of being able to move faster, and react better.
Outside of the United States, there are many more challengers lending themselves to the space. Many have the benefit of starting fresh with leaner processes, which makes them more nimble. After all, history and a pile of regulations have not yet dictated how these companies operate and they can experiment and innovate freely.
Startups from outside the United States can yield global scale and impact without the added burden of antiquated regulations that in all probability, their larger incumbents might face.
With that, we have created a curated list of the top 26 startups operating in the credit space. This list may be missing some companies which are well known and are mentioned through other coverage in articles such as this one. We hope that by creating this list we are able to bring more attention to this space and help founders and their supporters get the resources they need to succeed (more ideas, expertise, development funds, et cetera).
What Is A Fintech Startup?
It is a startup which uses emerging technologies to solve problems in Financial Services, and is built for the digital age. This definition allows for a broader interpretation of what is a Fintech Startup than is traditionally used when defining a Fintech Startup.
Many of the best performing fintech companies are solving real-life problems and also working to better the financial services industry as a whole through transparency and efficiency.
The list includes, but is not limited to, the following companies:
1. Perch
The idea behind this startup: Perch is an online platform that offers credit history, recurring expenses, rent payments and credit score services.
Headquarters: Los Angeles, California, United States
Industries: Credit, Online Portals, Payments
Founders: Unknown
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2. Click Cash
The idea behind this startup: Click Cash is a mobile App that enables fast and secure personal loans in emerging economies using Open Banking and data analysis.
Headquarters: São Paulo, Sao Paulo, Brazil
Industries: Banking, Consumer Lending, Credit, FinTech
Founders: Unknown
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3. Linxe
The idea behind this startup: focused on offering small and short-term loans to low-income employees of SMEs with direct discount from their paycheck
Headquarters: Bogotá, Distrito Especial, Colombia
Industries: Credit, Employee Benefits, Financial Services, FinTech, Sustainability, Wellness
Founders: Cesar Cuevas, Diego Rodríguez
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4. Guild Credit
The idea behind this startup: Guild Credit is a platform to connect consumers and the brands they love
Headquarters: San Francisco, California, United States
Industries: Credit, Internet
Founders: Michael Spelfogel
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5. Zoro Card
The idea behind this startup: Build credit with a debit card.
Headquarters: Bloomington, Indiana, United States
Industries: Banking, Credit, Financial Services, FinTech, Personal Finance
Founders: Roger Morris, Zak Grove
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6. GetVantage
The idea behind this startup: GetVantage is South and Southeast Asia’s first fintech enabled revenue-based financing platform.
Headquarters: Mumbai, Maharashtra, India
Industries: Credit, Finance, Financial Services, FinTech, Lending, Venture Capital
Founders: Amit Srivastava, Bhavik Vasa, Sachin Tagra, Sachin Tagra
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7. CredFlow
The idea behind this startup: CredFlow provides financial solutions to automate your cashflows.
Headquarters: New Delhi, Delhi, India
Industries: Credit, Financial Services
Founders: Unknown
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8. Refund Giant
The idea behind this startup: Refund Giant develops a tax service platform intended to ditch the trail of forms and enjoy hassle-free tax returns.
Headquarters: London, England, United Kingdom
Industries: Credit, Financial Services, Travel
Founders: Alexander Zhou, Shawn Du
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9. Splintr
The idea behind this startup: Splintr is the first Buy Now Pay Later company in the GCC region, offering customers multiple payment options at the point of checkout.
Headquarters: Dubai, Dubai, United Arab Emirates
Industries: Banking, Consumer Lending, Credit, E-Commerce, Financial Services, FinTech, Payments
Founders: Abdulrahman AlJumah, Badr AlBadr, Mohammad AlMajid AlMheiri
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10. Impact X Partners
The idea behind this startup: Impact X Partners is an SDG advisory platform providing capital and counsel to investment seekers and investors.
Headquarters: London, England, United Kingdom
Industries: Banking, Credit, Financial Services, Impact Investing, Sustainability
Founders: Jalal Koubaiti, Leopold Oettingen-Wallerstein, Malte Susen
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11. Credit Money
The idea behind this startup: CreditMoney Financial Services is India’s best Leading Corporate Channel Partner of Nationalize Banks & NBFCs & Investment company.
Headquarters: New Delhi, Delhi, India
Industries: Credit, Financial Services, Information Technology
Founders: Aakash Sinha
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12. ElasBank
The idea behind this startup: ElasBank is a digital bank made by women entrepreneurs tailored to them.
Headquarters: São Paulo, Sao Paulo, Brazil
Industries: Banking, Credit, Finance, Financial Services, FinTech
Founders: Chistian Zimmer, Vanise Zimmer
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13. Quanloop
The idea behind this startup: Investment fund dedicated to wholesale funding
Headquarters: Tallinn, Harjumaa, Estonia
Industries: Commercial Lending, Credit, Hedge Funds, Lending
Founders: Valentin Ivanov
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14. Credello
The idea behind this startup: Credello puts personalized financial solutions at your fingertips—so you can make decisions with confidence.
Headquarters: Jersey City, New Jersey, United States
Industries: Advice, Consumer, Credit, Credit Cards, Finance, Financial Services, FinTech, Internet, Personal Finance
Founders: Vish Sastry Rachakonda
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15. ONBORD
The idea behind this startup: SaaS RegTech
Headquarters: London, England, United Kingdom
Industries: Compliance, Credit, Risk Management, SaaS
Founders: Unknown
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16. ZAP! Consignado
The idea behind this startup: International P2P Lending by WhatsApp.
Headquarters: São Paulo, Sao Paulo, Brazil
Industries: Banking, Credit, Financial Services, FinTech, Impact Investing, Wealth Management
Founders: Tiago Bispo
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17. Nuovopay
The idea behind this startup: NuovoPay enables device leasing companies & telecom carriers to secure their leased devices against non-payment.
Headquarters: Pune, Maharashtra, India
Industries: Credit, Emerging Markets, Financial Services, FinTech, Mobile, Software
Founders: Harishankar Kannan
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18. Migrations.ml Inc.
The idea behind this startup: Migrations.ml is a cloud-based technology solution that generates credit risk analytics for public debt using big data and machine learning
Headquarters: Toronto, Ontario, Canada
Industries: Analytics, Big Data, Credit, FinTech, Information Technology, Machine Learning, Risk Management, Software
Founders: Unknown
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19. CreditSage
The idea behind this startup: Credit Repair/Rebuilding, Investment/Financial Consultation
Headquarters: Boston, Massachusetts, United States
Industries: Credit, Credit Cards, Financial Services
Founders: Nicholas Fernandes
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20. Instacash
The idea behind this startup: Lending Marketplace that uses alternative collateral and instant disbursements.
Headquarters: Unknown
Industries: Blockchain, Credit, Financial Services, FinTech, Internet, Lending, Marketplace, Payments
Founders: Luis Chau, Sebastian Burgos Díaz
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21. Ub Technologies
The idea behind this startup: End-to-end portfolio & risk analytics for financial institutions
Headquarters: Amsterdam, Noord-Holland, The Netherlands
Industries: Analytics, Asset Management, Banking, Big Data, Credit, Database, FinTech, Software
Founders: Giorgio Carbone, Jorn Koch, Ruud Willems
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22. Kredit24
The idea behind this startup: Private Loans, Mortgages
Headquarters: Hamburg, Hamburg, Germany
Industries: Credit, Finance, Financial Services
Founders: Unknown
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23. Credit Resurrectors
The idea behind this startup: Credit Repair Agency
Headquarters: Unknown
Industries: Credit, Financial Services
Founders: Ariel Tolome
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24. CapVenture Partners
The idea behind this startup: Investment Management & Advisory Firm
Headquarters: New York, New York, United States
Industries: Credit, Real Estate, Software, Venture Capital
Founders: Unknown
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25. Lengine
The idea behind this startup: lengine
Headquarters: Unknown
Industries: B2B, Commercial, Credit, Financial Services, Information Technology, Insurance, Mobile, Software, Transportation
Founders: Unknown
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26. AgriMutual
The idea behind this startup: SaaS
Headquarters: Unknown
Industries: Agriculture, Credit, Finance, Financial Services, FinTech, Insurance, InsurTech
Founders: Unknown
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