The 10 best fintechs in Boston, ranked 2021 • Benzinga
At this point, technology is an integral part of all areas of life, including our finances. Fintech companies, like the best fintechs in Boston, help build, grow, and improve our finances almost every day by providing tools and resources that make personal financial expertise available to everyone.
In this article, we’ll introduce you to the top fintechs in Boston and explain how they’re changing lives.
- What is fintech?
- The 10 Best Fintech Firms in Boston
- 1. Best climate-friendly fintech: Raise Green, founded in 2018
- 2. Best Fintech for Blockchain Financial Services: Circle, founded in 2013
- 3. Best industry-specific fintech: Flywire, founded in 2011
- 4. Best Rewards Fintech: PAYMYNT Group, founded in 2020
- 5. Best DeFi Fintech: Center, founded in 2017
- 6. Best Home Equity Fintech: Hometap, founded in 2017
- 7. Best Agricultural Fintech: Ricult Inc., founded in 2015
- 8. Best fundraising fintech: DipJar, founded in 2011
- 9. Best AI accounting fintech: Botkeeper, founded in 2015
- 10. Best insurance fintech: Corvus Insurance, founded in 2017
- Invest in the best fintechs in Boston today
What is fintech?
A fintech is the combination of innovative technologies and the traditional activities often associated with the banking, accounting and finance industries. This is how we do business in the 21st century and connect with our companies on an intuitive level. Fintechs provide additional clarity and accuracy and often use artificial intelligence to identify missed opportunities and mitigate potential risks long before problems arise.
The 10 Best Fintech Firms in Boston
Our fintechs have been rated for their ability to provide essential service in a niche area and / or industry. They are disruptors who change everyday social life. They have received praise from former employees and have built a reputation for excellent service.
Here is our pick of the best fintechs in Boston.
1. Best climate-friendly fintech: Raise Green, founded in 2018
As the first green equity crowdfunding portal in the United States, Raise Green encourages investors to “put their money where their heart is” by investing their efforts in localized projects for clean energy and climate-friendly solutions.
The Raise Green Originator program introduces communities to clean energy solutions and reduces the carbon footprint of existing energy sources. Raise Green helps neighborhoods get funding, take advantage of tax incentives, and achieve energy savings for years to come. It helps with the legal aspects, compliance and financial modeling of each project, while also assisting in negotiations for the municipalities to secure advantageous power purchase agreements.
Leveraging the “power of capital to create direct change,” Raise Green aims to create and fund scalable, community-based clean energy projects in the United States.
2. Best Fintech for Blockchain Financial Services: Circle, founded in 2013
Circle is an international online financial company based on blockchain technology and powered by crypto assets. Its products support both banking and commerce, including services such as:
- Custody and security-based solutions
- Digital securities
- Crypto wallets
- Stable coin exchange
Circle is essentially a scalable payments and treasury infrastructure that provides global payout solutions and processing within a single platform. The company recently scaled its solutions to meet the demands of an exploding world of non-fungible tokens (NFTs), NFT marketplaces, and digital storefronts. Digital currency transactions are processed via the secure blockchain infrastructure and easily exchanged with traditional currencies worldwide.
3. Best industry-specific fintech: Flywire, founded in 2011
Flywire is designed specifically for businesses, educational institutions, and healthcare providers.
It simplifies payables and receivables for multiple industries and territories around the globe, and eliminates the complications of fluctuating exchange rates, fees, and service availability. The cloud-based platform is secure and enables customers to bill while conveniently transacting between currencies.
Flywire, for example, acts as a syndicate between US colleges and universities, offering international students and their families more flexibility with cross-border payments and tuition fees – and ensuring that student accounts are paid in full and reconciled at the push of a button.
Flywire’s solutions improve operational efficiency, track payments and their sources, minimize fraud, while promoting transparency throughout the accounting process.
4. Best Rewards Fintech: PAYMYNT Group, founded in 2020
PAYMYNT promotes financial growth and transparency by combining the power of mobile commerce with the demand for digital banking solutions.
Customers are rewarded for shopping with the brands they love and trust. PAYMYNT’s digital wallets store users’ cash, crypto and investment information in a central dashboard and invite users to “shop, save, earn, invest and invest” on the Mobile Rewards Marketplace.
Tapping into multiple servers means creating a more enjoyable, disruption-free shopping experience. Transactions are safe, secure, and hack-free, and use Stellar’s decentralized blockchain to make transactions as seamless as possible.
5. Best DeFi Fintech: Center, founded in 2017
The Centre’s mantra is: “Connecting every person, every trader, every financial service, every currency. Anywhere, anywhere, anywhere. ”This is because it acts as a centralized means of receiving, exchanging and using money on the internet.
Whether digital currency, NFT or crypto tokens, Center enables users to pay for everyday goods and services with digital assets.
Founded by the creators of Circle and Coinbase, Center believes in fundamentally removing artificial boundaries between economies by using a decentralized and independent platform to “create a more inclusive world economy”.
6. Best Home Equity Fintech: Hometap, founded in 2017
Hometap enables homeowners to renovate, pay off debts, buy a second property, and even retire by doing the unthinkable – giving them the ability to get into home equity with no loans and no monthly payments.
Hometap invests in your home, bringing the capital to you, and saving you thousands of dollars on the sale – if you ever sell. Hometap’s alternative approach to credit gives homeowners some leeway in their finances without going into debt.
The only catch is that Hometap will get a percentage of the value of your home in 10 years.
7. Best Agricultural Fintech: Ricult Inc., founded in 2015
This company is focused on improving both the productivity and profitability of farmland for smallholders in developing countries around the world.
Ricult is evaluating several agronomic models to provide its borrowers with access to bank loans on relatively cheap terms. The borrower can begin making more informed decisions about future crop yields, potential business risks, and extreme weather conditions by:
- Artificial intelligence
- Predictive analysis
- Satellite images
- Weather data
- Proprietary machine learning algorithms
The company saw an average productivity increase of 17% and a productivity increase of 22% among borrowers. Ricult’s mobile experience helps companies optimize their supply chains and promote sustainability in all business areas.
8. Best fundraising fintech: DipJar, founded in 2011
DipJar is revolutionizing fundraising efforts for nonprofits in the United States, offering organizations the ability to raise online, mobile, and credit card donations through a variety of fun, interactive campaigns.
DipJar’s integrated payment platform is designed to enable “joyful, committed and smooth giving”. Its cashless donation device informs donors about the brand, purpose or mission, offers them unforgettable experiences and inspires donors to become part of the story.
Proprietary devices are used at events either as a stand-alone unit or as a point of sale for goods and memorabilia. The DipJar dashboard contains a number of tools that can be used to track donations, measure impact, and manage donors year-round.
9. Best AI accounting fintech: Botkeeper, founded in 2015
Botkeeper could be the future of accounting as this fintech evolves to meet the needs of businesses and firms in the United States. Artificial intelligence (AI), big data, and machine learning make botkeeper more accurate and predictive over time. This technology is linked to a 24/7 team of highly skilled accountants who work in the background to provide accounting and pre-accounting solutions for accounting firms around the world.
With unlimited coverage, customers get incredible insights into the financial health and well-being of their businesses. Botkeeper is based on automated processes on inbound and outbound transactions, performs accounting activities while identifying potential gaps in the financial infrastructure.
10. Best insurance fintech: Corvus Insurance, founded in 2017
Corvus is reinventing commercial insurance to make policyholders safer and brokers more successful.
Corvus is not only considered one of the best fintechs in the Boston area, but also one of the best insurtech platforms on the market. This platform focuses on the power of technology, data science and partnership in developing products that meet the needs of the end user.
The platform was developed for brokers with the insurer in mind. It is revolutionizing the commercial insurance industry by leveraging the Internet of Things (IoT), AI, and big data to improve loss control, data-driven underwriting, and enhanced business intelligence.
Invest in the best fintechs in Boston today
When you consider how fintechs make money, have you ever wondered what it would be like to invest in fintechs? Check out these fintech courses first.
Will your favorite fintech get the recognition it deserves? Come to the Benzinga Fintech Awards 2021 on November 11th to find out!
Continue reading: BEST TECH STARTUPS BOSTON, RANKING
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