The fintech companies in the United States are expanding in the market at an incredible speed, we are facing an incredible time where consumers are very active and are fully aware of the digital age so it is not surprising that they adopt the fintech in a way fast in your daily life.
With fintech companies going through their best moment of growth and innovation, it is time to see which companies came to stay and which ones were only a fleeting memory, among the first are:
Affirm, a FinTech services company that offers installment loans to consumers at the point of sale has secured $500M in Series G funding round led by GIC, a returning investor, and Durable Capital Partners LP. Other investors who participated in the funding round include Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management & Research Company LLC.
Greenlight Financial Technology is a FinTech company aiming to help parents raise financially-smart kids. The firms Series C funding of 215 million has brought its valuation above $1.2 bn. The investment round was led by Canapi Ventures & TTV Capital with participation from new investors DST Global, Goodwater Capital, BOND, and Fin VC along with Greenlight’s first institutional investor Relay Ventures.
Melio is a B2B payments company helping small businesses to manage their supplier payments digitally. The company raised the new funding to extend its reach to more small businesses across the U.S. as they shift to digital solutions to help manage the economic effects of COVID-19.
SpotOn Transact, redefining the merchant services industry through cutting edge payments and software has raised $60 million in Series C funding. The investment round was led by DST Global, with participation from existing investors including Dragoneer Investment Group and Franklin Templeton.
New York-based Alloy is a service provider helping reduce false positives during the KYC process. The company has raised $40 million in Series B funding led by Canapi Ventures.
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