7 Fast-growing Fintech Startups to watch in 2017

Fintech startups

Seems like Financial Technology or else otherwise called FinTech is a new generation of technology and innovation. Thus, the aim of fintech startups is to provide financial services outside the traditional market without traditional methods. The 21st century widened the idea of financial technology including not only innovations in financial literacy and education, but also in retail banking, investment etc.

Who uses fintech?

While googling, I found four main categories of fintech users:

  • B2B for banks (business to business)
  • Business clients
  • B2C for small businesses (business to customer)
  • Consumers

However, if you are looking for low-cost solutions to your business accounting and financial needs, including invoicing, payroll to investing, fintech will be the best choice for you.

The customers of the 21st century

In fact, we are all customers of different marketplaces. Some of us may be devoted to the physical market, the others to online market, while the majority of us belong to both of them. Our smartphones are an easy way to reach the market we prefer and make a purchase. This tool is always with us making us involved in any business. The world has become open to all businesses and entrepreneurs due to the development of technologies, and in the near future, no any business will succeed without proper fintech services because more and more customers use online services for all needs. It is quick, takes less time and expenses.

So, let’s make a list of 7 fast-growing fintech startups of 2017:


The fintech was established to help people to gain confidence and skills for financial planning. The software program is rather user-friendly and guides customers when they evaluate their current financial situations, add monetary goals, and develop plans-of-action to reach these goals.


This is an investment management system allowing immediate access to data, customized reports, dashboards and technologies of the field. The system can consolidate information from all departments of your company and integrate with existing software systems.


This is one of the fintech startups which won an award. Its programs allow those providing financial service to convert any currency to Bitcoin, make the international transfer, change the Bitcoin into the currency of any chosen country. This fintech connects traditional financial services with the latest ones in Bitcoin technology.


It’s a mobile app which allows the users to earn virtual treats. For that, they only need to link the app with their credit or debit cards. As a matter of fact, to earn the mentioned treat, the user should use the card for seven times. The treats can be transferred to a friend who can use it as a credit to the account and get a refund for the recent purchase as a gift.


A rather prospective car insurance startup launched its concept of pay-per-mile in San Francisco. According to the strategy of this startup, the drivers will pay a base rate plus cents for every covered mile. Most noteworthy, this billing model is designed to benefit low-mileage drivers. Moreover, driving style or behavior isn’t taken into account. The success of the app lies in the fact that nearly 65% of all US drivers are low mileage drivers.

Ant Financial

This startup is said to be e-commerce giant of China. The fintech originated from world leading 3rd party payment platform-Alipay. What refers to its oversea services, Ant’s model provides payment to 120 million Chinese tourists traveling outside the country. This is one of fintech startups which services include payment, wealth management, credit reporting, private bank, cloud computing.


It’s a great investment app for millennials and one of the first fintech startups helping to create a plan for savings over retirement years. In fact, the company broadened its services and provides 401 k tool for businesses as well.

Fintech startups law

FinTech law aims to provide advice and legal ground to fintech startups on the following issues:

  • Formation, structure, governance, financing, equity-based compensation
  • Customer-facing agreements, service and software agreements, reseller and distribution agreements
  • Registration of intellectual property rights, ownership of technology, licensing and development arrangements, infringement etc.
  • As well as, a set of regulatory compliance as consumer protection legislation, the Bank Act etc.
  • Anti money laundering, terrorism financing risks
  • Employment
  • Governance of privacy and data, data breach…

It is evident from the great list of fintech startups provided by many sources that the field is rapidly growing. Though being rather young in the market of technology, many fintech startups gained trust among customers as they feel comfortable with the mobile economy with the help of fintech.

In addition

However, if you have decided to run your new and fresh fintech startup, surely there will be a need for an attorney. Find the skillful one to build the future of your startup on legal and trustworthy grounds.

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