Here are 5 Boston Fintech startups to watch

Financial technology, or fintech, is cutting-edge technology used to improve and automate the delivery of financial services. Fintech companies are not financial institutions, but instead financial applications like Zelle and Venmo that help both businesses and individuals send money faster and easier.

Fintech helps accelerate the use and transfer of financial services such as traditional tenders and cryptocurrencies such as Bitcoin and Ethereum.

According to Toptal, Inc., a freelance platform for software engineers and financial professionals, the fintech industry will reach a value of $310 billion by the end of 2022. That’s a compound annual growth rate of 25% and $56 billion above the amount for 2018.

In 2018, venture capitalists invested a total of $254 billion in 18,000 fintech companies, an increase of 46% from the previous year.

If you’re excited about fintech, you’ll want to make sure you don’t miss the Fintech Deal Day & Awards, held at the state-of-the-art Pier Sixty in New York City.

Speakers include Steve Sandersexecutive vice president for marketing and product development for interactive brokers, Connor Coughlinmanaging director of fintech for Apex Fintech Solutions, and Christina Bechhold Russsenior vice president and head of investment initiatives at Truist Ventures.

Also read: These 5 New York Fintechs Aim to Make Your Financial Life Easier

Fintech Deal Day kicks off at 8am on December 8, 2022, and Boston is just a train ride away from NYC. The Amtrak 173Northeast Regional service arrives in NYC on December 7 at 15.22, one day before the event.

Until then, here are five great fintech companies to watch in Boston.

Circle

Based in Boston, Circle uses blockchain technology to help customers send and receive funds quickly and easily. Circle is a global technology company that simplifies financial transactions through the power of USDC and Euro Coin. USDC, also known as a stablecoin, is a digital dollar that lives naturally on the internet. Billions of USDC change hands every day all over the world. Circle was founded in 2013 by Jeremy Allaire and Sean Neville.

Flywire

Flywire is a fintech software and payments company based in Boston, but serving clients in cities around the world such as London, Shanghai and Singapore. Via Flyware Advantage, the company’s next-generation payment platform helps customers with online payments globally. Flywire was founded by Ikers Marcaide in 2011.

Bot keeper

Botkeeper is an automated bookkeeping company that helps its customers save time and money through the power of AI. It does so by giving businesses a powerful one-two punch of skilled accountants and automated data. The human-assisted AI is built for accountants. The company was founded in Boston in 2015.

Numbered

Founded in 2017 by Dan O’Malley and located in Boston, Numerated is a fintech company that makes business banking easy for both financial institutions and their customers. Credit unions and banks use the numbered digital lending platform and its unique use of data to streamline transactions.

Finch

Headquartered in Boston, Finch eCommerce solutions use a visual timeline to help customers execute their financial plans. Finch empowers e-commerce companies to increase both reach and revenue. Founded in 2009, Finch is a leader in PPC optimization on such global sites as Amazon, Google and Microsoft’s advertising platforms.

For more information and to get tickets now, visit Benzinga Fintech Deal Day & Award website.

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