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FinTech Startups are Shaking up the Financial World

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Written by Flying Saucer Studio

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The financial industry has long been as boring as the dark grey suits bankers have worn: utterly traditional and without any real colour. But Fintech startups are loosening up that stiff, banking uniform, inspiring colour and new style into the sector.

Once, even just a decade or two ago, the financial uniform seemed set in stone. Nobody was interested to go to the bank, but everyone needed to go. If you wanted to start a business, the first step was the bank. Buy a house? Bank. Plan out retirement? Bank. Want a coffee? Unless you’ve got cash in your pocket, yes, go to the bank.

Interac changed the way we interact with banking institutions, and how we get our coffee. And that’s just the beginning. As the importance of brick-and-mortar bank lessens, new, disruptive technologies (and the startups technology like that brings with it) are threatening century-old ways of dealing with your money.

Fintech Startups — Breaking the Mold

The sheer ubiquity of money insures that even the most convoluted and arcane Fintech startup can affect our day to day lives. After all, raising money was once the purview of rather staid bankers who operated in skyscraper cubicles, high above everyone else. Much of what we saw in our life and culture started somewhere up in one of those cubicles. But now, with the help of crowdfunding, raising money to start a business has been democratised, giving average people the chance to have a say in which businesses should be funded.

Eager for a brief glimpse into the future of money (and thus the whole world)? Look no further than these brand new, 2018 Fintech startups:

  • Dhatim — creators of AI Cloud platform, Conciliator, which automates procurement, finance and HR processes to streamline financial transactions.
  • Blueprint Income — focused on helping people prepare for retirement, Blueprint uses technology to help clients insure a guaranteed income even after their last paycheck.
  • Zuora — creators of cloud-based software that enables any company in any industry to successfully launch, manage, and transform into a subscription-based business.
  • Stably Blockchain — a reserve-backed stablecoin, Stably is designed to work across multiple blockchain protocols.
  • Figure — their eyes set on changing the way people work with their largest debt: a mortgage. They aim to transform home equity through a fast, simple and transparent process to bring users closer to their financial goals by using home equity to consolidate debt, pay for home improvements, or fund their retirement.
  • WeTuring — creators of a decentralized, autonomous platform using AI and Blockchain, that they say will revolutionize the financial sector.

Fintech Startups: Shepherding in the Next Wave of Financial Ease

Just as Interac shepherded in a new way for users to interact with their financial world, new Fintech startups bring disruptive technology that can usher in similar, or larger, changes to the way we operate day-to-day. In our technology driven world everything can change in a year, and the trends in the financial district may change how and what you purchase next year.

Some of the most exciting FinTech startups in 2018 include:

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Article written by the Team — Flying Saucer Studio

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