Top FinTech Startups of July 2023

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The financial industry has undergone a profound revolution with the emergence of fintech startups. These innovative ventures combine technology and finance to reimagine how we manage money, make transactions, and access financial services. In this article, we’ll take a deep dive into the world of fintech startups, exploring their disruptive solutions, game-changing applications, and the impact they’ve had on the traditional financial landscape.

From mobile payment platforms to robo-advisors, fintech startups are reshaping the way we interact with money and empowering individuals and businesses with unprecedented financial opportunities. Join us as we uncover the success stories of these trailblazing fintech startups, their core objectives, and how they are revolutionizing the financial services industry.

Top FinTech Startups of July 2023



OpenSea is a Startup Company located in San Francisco, California, United States. It was established in November 2017.

The company successfully managed to raise an impressive $23 million as of March 2021.

OpenSea is a peer-to-peer marketplace for the distinctive types of digital assets, including crypto collectibles, digital goods, and more. The platform allows users to buy, sell, and interact with digital items, all powered by blockchain technology, which ensures the authenticity and rarity of these unique assets. OpenSea aims to make digital ownership more accessible and beneficial by creating an open economy from digital goods.



Brigit is a financial technology (fintech) startup located in New York City, United States. It was founded in the year 2017. As per the latest data available, Brigit has raised a total fund amount of $25.7 million over 4 rounds.

As a company, Brigit is dedicated to creating financial health for people living in the United States. They have developed a mobile app that helps members manage their income by providing predictive tools and immediate cash advances. By offering tools to monitor financial health, forecast expenses, and provide no-fee cash advances, Brigit is striving to assist individuals to lead a financially stable and tension-free life. The company is particularly focused on eradicating the high fees associated with overdrafts and late payments.

Chipper Cash

Chipper Cash

Chipper Cash is a global company with its headquarters in San Francisco, California, USA. The company also has operation centers in different parts of the world including Africa. Chipper Cash was founded in 2018.

Chipper Cash has raised approximately $203.5 million in funding over several rounds.

Chipper Cash is a cross-border P2P payment platform that allows users to send and receive money across different countries. The platform is designed to cater to the growing mobile money market, especially in developing countries.

Their service is available in multiple African countries including Ghana, Nigeria, Kenya, Rwanda, Uganda, South Africa, and Tanzania, as well as other countries around the world like the UK.

Its flagship product is a mobile application that enables people to send and receive money to and from friends and family free of charge. It also allows users to purchase airtime, pay bills, and make other transactions.

Additionally, Chipper Cash offers a business payment solution, Chipper Checkout, which is a merchant-focused, fee-based mobile payment product. In addition to these solutions, the company also launched an investment product “Chipper Fund” to provide users the opportunity to invest in US stocks.

Chipper Cash intends to democratize financial services, thus opening up a wealth of opportunities for economic growth and personal advancement across markets and borders.



Revolut is a financial technology company headquartered in London, United Kingdom. It was founded in July 2015 by Nikolay Storonsky and Vlad Yatsenko. As of its latest funding round, Revolut has raised over $900 million in total funding.

Revolut operates as a digital banking alternative that includes a pre-paid debit card (MasterCard or Visa), currency exchange, cryptocurrency exchange, and peer-to-peer payments. It allows customers to make transactions in over 150 currencies at the interbank exchange rate, and it also facilitates easy, no-fee international money transfers. Other features include budgeting and analytics tools, security features like location-based security, and the ability to purchase various insurances including phone and travel insurance directly in the app. Being a wholly digital platform, Revolut aims to challenge traditional banking by offering these and other services with a low-cost, user-friendly approach.



N26 is a German fintech startup based in Berlin, Germany. The company was founded in February 2013 by Valentin Stalf and Maximilian Tayenthal.

As a digital bank, N26 has been successful in raising funds from investors. As of the latest funding round in June 2021, it raised a total of over $800 million.

As for the company description, N26 operates with the mission to simplify banking for its customers and make it more user-friendly. It provides mobile banking services internationally and offers products in various sectors of retail banking. Its product range includes checking accounts, savings accounts, investment products, and insurance products. They believe in a more transparent and straightforward banking experience and provide their services entirely through a smartphone app, which helps in real-time expense tracking, instant transaction updates, and goal-based savings plans among others. It has catered to more than 5 million customers across 25 markets.



SoFi, officially known as Social Finance Inc., is located in San Francisco, California, United States. The company was founded in the year 2011.

As of now, SoFi has successfully raised around $2.5 billion worth of funding in multiple rounds, demonstrating a strong financial backing and investor confidence.

SoFi is a personal finance company that specializes in student loan refinancing. They operate on a platform that accommodates lending, asset management, and financial services. Their primary target audience includes early-stage professionals and offers products like personal loans, mortgages, and loans for refinancing student debt. Their mission is to help people achieve financial independence and realize their ambitions. They aim to accomplish this by providing their customers with a comprehensive suite of financial products, community experiences, education, and more.



Stripe is a globally recognized company which is officially headquartered in San Francisco, California, United States. The company was founded in the year 2010 by the Collison brothers, Patrick and John.

As for funding, Stripe has reportedly raised approximately $2.2 billion across multiple funding rounds. The company counts several high-profile venture capital firms and investors in its corner, including Sequoia Capital, Andreessen Horowitz, and CapitalG, the independent growth fund by Alphabet Inc.

The company itself operates in the financial technology sector, also known as FinTech. Stripe’s primary business involves providing a suite of payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile applications. In simplistic terms, Stripe acts as the backbone for online payments for businesses, enabling them to accept payments, manage their businesses online, and navigate the complexities of the global banking system. The company’s operations span across many countries, cementing their presence as a significant player in the international finance scene.

Frequently Asked Questions

Q. What is a fintech startup, and what sets them apart from traditional financial institutions?

A fintech startup is a company that leverages technology to provide innovative financial services and solutions. Unlike traditional financial institutions, fintech startups often operate with more agility and flexibility, embracing digital advancements to deliver faster, more convenient, and customer-centric financial services.

Q. What types of services do fintech startups offer?

Fintech startups offer a diverse range of services, including mobile payment solutions, peer-to-peer lending platforms, robo-advisors for investment management, digital wallets, blockchain-based applications, and personalized financial management tools. Their services span from consumer-facing apps to business-oriented solutions.

Q. How do fintech startups utilize technology to enhance financial services?

Fintech startups leverage technology, such as artificial intelligence, machine learning, blockchain, and data analytics, to streamline processes, improve security, and offer personalized financial solutions. These innovations allow for faster transaction processing, risk assessment, and more efficient customer interactions.

Q. What challenges do fintech startups face in the financial industry?

Fintech startups encounter various challenges, including navigating regulatory compliance, gaining trust and credibility with customers, securing funding for growth, and competing with established financial institutions. Overcoming these obstacles requires a fine balance between innovation and adhering to industry regulations.

Q. How do fintech startups prioritize cybersecurity and protect user data?

Cybersecurity is a top priority for fintech startups. They implement robust encryption protocols, multi-factor authentication, and continuous monitoring to safeguard user data and prevent unauthorized access. Regular security audits and compliance assessments are also common practices.

Q. Are fintech startups disrupting traditional financial institutions?

Yes, fintech startups are disrupting traditional financial institutions by offering alternative financial solutions that often cater to underserved markets. Their user-friendly interfaces, lower fees, and faster processing times appeal to a new generation of digitally savvy customers.

Q. How do fintech startups impact financial inclusion?

Fintech startups play a significant role in advancing financial inclusion by providing accessible and affordable financial services to individuals and businesses in underserved or remote areas. Their digital platforms and mobile-based solutions offer banking and financial services to those without access to traditional brick-and-mortar banks.

Q. How are fintech startups shaping the future of finance?

Fintech startups are at the forefront of financial innovation, continuously introducing novel solutions that challenge the status quo. By embracing technology and customer-centricity, these startups are reshaping the way we manage money, invest, and access financial services, propelling the financial industry toward a more inclusive and digital future.

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