2019 is a
year that is set to be defined by various issues in the tech world.
The fintech realm is growing at a faster speed than ever before and
there are various issues that are changing in the key markets. By
reports had shown that fintech companies now take 33% of revenue
in the financial services markets. Regulation and involvement of
authorities in the tech scene are issues that are also expected to
dominate the year. For a young and thriving industry like Fintech,
all the different issues in the market are instrumental to the kind
of vibrancy that will define the startup scene. Here is a
number of promising startups that you should watch out for in 2019.
a startup that has been around for a while now. This company
which aims at revolutionizing the realm of digital money has a lot
of prospects for 2019. The company is a peer-to-peer platform that
connects people around the world who are interested in sending and
receiving money seamlessly. The company has been expanding its
capabilities and it is now in iMessage. Apart from its initial
funding, the company has seen incremental funding successes, with
the most recent capital injection being in the tune of $100 million.
In 2019 therefore, Circle will undoubtedly start becoming a common
phenomenon in social media and among mobile users.
One of the key issues that define the
fintech startup scene is the development of a diverse range of
platforms. There are currently startups that are able to
identify forex scams, remove the need for paper documentation
and even improve the safety of transactions. Receipt Bank is a
startup that replaces normal bookkeeping with cloud-based
bookkeeping. The startup has been able to help various businesses
achieve their goals by having access to a fast and convenient means
of keeping records. There are many areas of the company that are
still evolving and 2019 will be a significant year for the
When it comes to supporting other
startups, there is no platform that does this
better than TrueLayer. This startup is undoubtedly a unique player
in the market. The startup was founded with the sole mission of helping
startups access banking data. Many startups often face challenges during
their initial years as they cannot find a reliable source of such data.
Because of its uniqueness in the market, the startup has
attracted funding to the tune of $7.5 million. The startup has
numerous open banking goals for 2019 and its expansion is set to go
beyond its current operation markets.
Fintech startups have defined the tech and
financial markets. They are not just restricted to these two markets
though. As Trussle has shown, it is possible for fintech
startups to venture into challenging markets like the mortgage market.
The startup has hit the mortgage market
and it is now supporting a great number of businesses. The company has
thousands of deals available for consumers. The startup allows consumers
to monitor the market and to get the best deals at the right time. With
many improvements on the platform being in the works in 2019, this
startup will definitely take a lead.
There are not many unicorn startups that
have ventured into the banking market a number of years ago and it has
redefined the market. The company has over a million customers and it
continues to grow. The startup has received huge backing and support
ever since it came into the scene. With various accolades under its
wings, the startup is definitely one to watch for several years to come.
Monzo recently exceeded the valuation of £1 billion and the achievement
is remarkable for a company that has been on the market for only three
years. 2019 will be defining for Monzo.
The startups market is still very vibrant.
In 2019, many startups are still popping up in the fintech world.
With 95% of startups coming to the market with digital
plans, the market is still very responsive to new and innovative
ideas. While there are many new startups that have big prospects for the
future, the above companies are particularly of interest for the current
year. These startups have had great foundational years and this year is
when they will finally take off. If you are a keen follower of the
fintech market, you should definitely be on the lookout for these