Five 'fintech' companies we're sure to hear a lot about
It's no secret that the technology financing sector is red hot, but here we reveal five of the names in this field that are soon going to be on everyone's lips.
It's no secret that the technology financing sector is red hot, but here we reveal five of the names in this field that are soon going to be on everyone's lips.
LendUp
This startup offers an alternative to traditional repayment loans.
It uses a program similar to gamification, as by making your loan repayments regularly you can earn better rates and longer terms in the next loans you apply for.
You request the loan online on their website, and in less than five minutes they get back to you to tell you whether it has been granted or denied. The money is deposited directly in your current account in your traditional bank.
Nok Nok Labs
This startup was founded in November 2011 and claims that online authentication can offer strict levels of user security by making identity checks in a natural way.
It uses the OSTP protocol (Online Secure Transaction Protocol), designed for the latest technology needs such as the processes for the Internet of Things.
Trulioo
This startup also offers a specialized electronic identity checking program for payment and financial services providers. Its product, GlobalGateway, fulfills many of the international requirements for verification and aims to provide widespread service all over the world.
The idea is to mitigate the risk of online fraud and increase income by reducing the waiting time for the end customer.
One of its advantages is its easy integration through a single API.
WealthFront
Solution for automatically managing your investments. Using a software program with an algorithm created to measure the risk tolerance of each transaction, it offers you advice on your shares by daily monitoring new opportunities for each of your portfolios. At WealthFront they claim that this commission-free advice extends the options of obtaining a diversified investment portfolio.
RobinHood
Although it currently operates only in the US, they have announced their forthcoming international expansion. This is a brokerage service whose app enables you to buy and sell shares in companies quoted on the stock exchange but without charging commissions.
The aim is to “democratize” access to the financial markets, with the overriding criterion of simplicity.