In the United States, financial technology is on the rise.
The term “fintech” refers to applications that combine financial and technological elements to improve and streamline the delivery of financial services. The term “fintech” is used to describe any business that facilitates the transfer of money using digital means, such as a mobile app, a website, or a cryptocurrency payment tool.
Numerous individuals are unaware of fintech’s extensive history. The current state of fintech enables mobile app payments for small items such as bread. The modern financial system, however, can be traced back to the late 1950s, when the first credit cards were issued.
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Other significant financial innovations such as automated teller machines, electronic shares, mainframe bank computers, and online stock trading were developed and adopted shortly after the introduction of the credit card. The majority of individuals utilized several new technologies that boosted the economy without much thought. Fintech technologies are altering the traditional banking system by promoting the use of payment apps on mobile wallets as opposed to actual credit cards.
According to inventiva these are the best Fintech startups in the USA 2022:
1. Stripe – Founded by Patrick and John Collison in 2010
2. Chime – Founded by Chris Britt in 2012
3. Plaid – Founded by Zach Perret and William Hockey in 2013
4. SoFi – Founded by Mike Cagney and Dan Macklin in 2011
5. Credello – Founded by Anwesha Mazumdar and Vish Sastry Rachakonda in 2020
6. Coinbase – Founded by Brian Armstrong and Fred Ehrsam in 2012
7. Ripple – Founded by Arthur Britto, Jed McCaleb and Chris Larsen in 2012
8. Toast – Founded by Steve Fredette, Aman Narang and Jon Grimm in 2012
9. Spur – Founded by Glenn Clayton in 2017
10. Credit Karma – Founded by Kenneth Lin in 2007
