We are living in an era where technology reigns. Like it or not, technology has taken over at individual and business levels. However, recent years have seen technology reigning over the financial sectors of businesses. Fintech companies have revolutionized the concept of banking and financial dealing.
Nevertheless, the year 2022 has witnessed fintech startups thriving in the marketplace. With the advanced technological services like AI and AR, fintech startups have not only played in the financial sector of businesses. Instead, they have proactively been involved in all aspects of businesses - eCommerce and brick & mortar.
Before we go into the list of fastest-growing fintech startups, let’s see why they thrive. Here are some of the factors that set fintech apart from other business modules:
- Accessibility and reliability.
- Virtual try-ons and tryouts make the shopping experience easy and convenient for customers.
- An all-encompassing solution to the needs of businesses.
Similarly, the list goes on and on. The point is that technology has taken over all business modules regardless of their size and niche.
Here is the list of 7 fintech startups that are growing rapidly in 2022 and will likely continue to be in the spotlight in the years to come:
The number one fintech startup that is growing at a rapid speed this year is ShopKeep. Specialized in Small & Medium Enterprises (SMEs,) ShopKeep has been pivotal in empowering many businesses.
Meanwhile, ShopKeep offers services that include online and in-store buying, receiving payments, and making transactions. Similarly, ShopKeep also takes care of the day-to-day operations. It manages the inventory, delivery, and check and balance.
Another rapidly growing fintech startup of the year is SoFi. Specializing in financial assistance, SoFi empowers individuals and businesses through lending. Likewise, it offers services like study loans, individual loans, and mortgage refinements, among many other services.
Given the essentiality of its business module, SoFi continues to be the second largest fintech startup in the U.S.
3. Spring Labs
Spring Labs is another fastest-growing fintech startup in 2022. The foremost service of Spring Labs is Spring Protocol. Thus, it is a platform where individuals and businesses can share their essential information without revealing their critical financial information.
Thus, Spring Labs has solved the privacy problem of sharing sensitive information. These include credit card details, social security numbers (SSN,) driver's license numbers, and physical addresses.
The fourth largest fintech startup on our list is none other than the innovative Suplari. However, this startup specializes in taking care of procurement, inventory management, and shipping via machine learning.
Thus, Suplari specializes in assisting businesses of all sizes through artificial intelligence (AI.) With its innovative leadership, Suplari is the fourth leading fintech startup in the U.S.
Three Other Leading Fintech Startups in 2022
It is essential to note here that all these fintech startups that are growing fast specialize in the finance sector of business. This is the commonest feature among these 7 trending fintech startups.