5 Philadelphia Fintech Companies to Watch: Venmo, InstaMed and More – PayPal Holdings (NASDAQ:PYPL)
Fintech has not only changed the way we do business, but also how we live our daily lives. Millions of times every day, Americans use fintech apps like Venmo and Zelle to send money right from their phones, or Paypal and TorFx, to conduct business transactions.
Fintech applications include robo-advisors and peer-to-peer lending apps such as MoneyLion and Chime, as well as investment and cryptocurrency apps such as Robinhood and Coinbase.
Philadelphia is one of the largest cities in America, and also one of the largest business centers. If you live in Philadelphia and are interested in fintech, take the train to New York City and see all the best fintech companies at the Benzinga Fintech Deal Day & Awards.
The event will begin at 8:00 a.m. on December 8, 2022 at the luxurious Pier Sixty in New York City. Join more than 1,000 attendees in attendance to meet new business contacts, learn about upcoming market trends and find out who will be honored at the eighth annual Global Fintech Awards.
Philadelphia Fintech Companies
NYC and Silicon Valley aren’t the only places where big fintech companies are thriving. Philadelphia, one of the leading capital markets centers in the US, also has its own share of well-known fintech companies. Here are five Philadelphia fintech companies to watch:
Venmo
If you send money through a mobile app, chances are you already know about Venmo. Venmo is one of the most popular peer-to-peer payment apps when it comes to sending money, especially in-person transactions. Payments can be made quickly and easily from the Venmo app on your phone. Venmo was founded in 2009 and is owned by PayPal Holdings Inc PYPL.
InstaMed
Medical facilities are often bogged down with managing payments. This takes time away from doing what they are really there to do: provide care. InstaMed is a fintech platform that helps healthcare professionals plan their accounting operations and improve service delivery. The platform serves both patients and hospital employees by helping with staff compensation, bill settlement, electronic money transfers and more.
Tidy
If you’re looking for a great fintech company to help you with the digital filing and management of your finances, look no further than the Neat Company. With Neat, you can monitor all your accounting records online with their account storage app. Through their digital interface, you can also automate your company’s financial workflow.
N. round
Nth Round is one-stop shopping when it comes to stock management software. Nth Round helps provide private funding and liquidity to companies, so they can assess management, equity and shareholders. The software gives both business owners and stakeholders greater insight into their investment portfolio.
Pickwell
If you are looking for a great fintech app that will help you with your employee healthcare, Picwell is the company for you. Headquartered in Philadelphia, Picwell helps businesses choose their own personalized health plans through its forecasting tool. The tool helps employees predict lifestyle, financial data and health claims when choosing the insurance they need.
