Interesting US work visit to meet best of the breed FinTech’s, changing the landscape on how payments, financial services will be delivered in the near future. Inspiring, innovative vision, passion, purpose, creative style of operations, customer engagements.
Fattmerchant – Orlando (US)
Small businesses have traditionally used vendors to process credit card transactions in-store, online & separate tools to analyse sales. Software bundles services into 1 product for monthly subscriptions. Costs users 40% less than traditional per transaction charge.
Plaid – San Francisco (US)
Pending acquisition by Visa, Plaid connects payment apps like Square Cash, personal finance apps to users bank accounts to transfer, track funds.
Stripe – San Francisco (US)
Software let’s businesses accept online payments with customers from small websites to Amazon, Facebook. Launched corporate credit card, small business loans, automatically repaid from payments it processes for borrowers.
Finix – San Francisco (US)
Gives companies control over payment processing, greater share of processing merchant’s fee. Software helps medium businesses earn 0.5% more on each transaction.
Marqeta – California (US)
Debit card transaction processor gives companies that issue cards to workers, customers control over which transactions are approved. Grocery delivery Instacart uses Marqeta to control which items it’s order-fillers can buy, reduces fraud. Square uses Marqeta for fast-growing Cash App, consumers make retail purchases, transfer money, buy stocks.
Payoneer – New York (US)
Enables 3rd party sellers, hosts on market-places like Amazon, Walmart, Airbnb to accept payments in foreign currencies. Uses visibility into their sales to help assess risk.
Plastiq – San Francisco (US)
For 2.5% fee, let’s small businesses use credit card for expenses like rent, inventory, contractors for which cards usually aren’t accepted.
Toast – Boston (US)
Makes point-of-sale software for restaurants to handle payments, reservations, online ordering, payroll processing, loyalty programs. Launched small business loans.
Transferwise – London (UK)
Executes international money transfers for consumers at an average cost of just 0.7%, compared to 5% from U.S. banks, matches currency orders within country. Launched a debit card to allow fee-free purchases, ATM withdrawals around the world.
Incredible. The future is bright….