Fintech Startups to Watch in 2023

The financial technology industry, or fintech for short, has been rapidly growing in recent years. From mobile banking to cryptocurrency, fintech startups are disrupting the traditional financial services sector and changing the way we think about money. With 2022 in the books, let's take a look at some of the fintech startups to watch in 2023.

Chime 

 

Chime is an online bank that provides fee-free banking services to its customers. With over 12 million accounts and a valuation of $25 billion, Chime has already made a significant impact in the banking industry. In 2023, Chime plans to expand its services to include credit cards and personal loans, making it a one-stop-shop for all of your financial needs.

Robinhood

Robinhood is a commission-free trading platform that has already disrupted the investment industry. In 2022, Robinhood launched its own cryptocurrency wallet, which could make it a major player in the cryptocurrency space. With plans to expand internationally in 2023, Robinhood is poised for even more growth.

Stripe

Stripe is a payments platform that makes it easy for businesses to accept payments online. With a valuation of $95 billion, Stripe has already made a big impact in the payments industry. In 2023, Stripe plans to expand its services to include lending and other financial products, which could make it a major player in the fintech space.

Square 

Square is a payments and financial services company that has already disrupted the traditional point-of-sale industry. In 2023, Square plans to launch its own banking services, which could make it a major player in the banking industry.

Better.com 

Better.com is an online mortgage lender that provides a fast and easy way to get a mortgage. With a valuation of $7.7 billion, Better.com has already made a significant impact in the mortgage industry. In 2023, Better.com plans to expand its services to include home equity loans and refinancing, which could make it a major player in the lending space.

Brex 

Brex is a corporate credit card provider that has already disrupted the traditional credit card industry. In 2023, Brex plans to expand its services to include cash management and other financial products, which could make it a major player in the fintech space.

Root 

Root is an insurance startup that uses data and analytics to provide personalized insurance products to its customers. With a valuation of $6.5 billion, Root has already made a significant impact in the insurance industry. In 2023, Root plans to expand its services to include other types of insurance, which could make it a major player in the insurance space.

These are just a few of the fintech startups to watch in 2023. With the continued growth of the fintech industry, it's clear that these companies will continue to disrupt traditional financial services and change the way we think about money.