Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the financial services industry. This time, you get to discover five hand-picked startups offering credit card solutions.
Out of 1 635, the Global Startup Heat Map highlights 5 Top Startups offering Credit Card Solutions
The insights of this data-driven analysis are derived from the Big Data and Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups and scaleups globally. The platform gives you an exhaustive overview of emerging technologies and relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 1 635 exemplary startups and scaleups we analyzed for this research. Further, it highlights five FinTech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups and scaleups in this report. For insights on the other 1 630 credit card solutions, get in touch with us.
Enkash offers Corporate Cards
Founding Year: 2017
Location: Mumbai, India
Funding: USD 3,65 M
Partner with Enkash for Multi-Currency Forex Cards
Enkash is an Indian startup that offers a corporate cards and payments platform. The startup leverages artificial intelligence and machine learning (ML) to build algorithms that offer better visibility and control into the financial processes of businesses. Its range of corporate cards allows companies to manage purchases, utility bills, and tax payments. It also simplifies expense management for travel, entertainment, and digital marketing, among others.
Clearly Payments simplifies Merchant Payments Processing
Founding Year: 2018
Location: Vancouver, Canada
Collaborate with Clearly Payments for Low-Fee Credit Card Processing
Clearly Payments is a Canadian startup that provides an end-to-end payment processing solution for merchants. It addresses obstacles such as high payment processing costs, lack of transparency, and process complexity. The startup offers online payments, payment terminals, mobile payments, invoicing, recurring billing, and a virtual terminal to software vendors such as mobile apps and software platforms. It enables them to simplify in-house payment processing, build a new revenue stream, and save up to 2.9% payment processing fees.
TomoCredit issues Smart Consumer Credit Cards
Founding Year: 2018
Location: San Francisco, US
Funding: USD 15 M
Innovate with TomoCredit for Alternative Credit Scoring
US-based fintech startup TomoCredit issues smart consumer credit cards without credit scores. The startup’s credit card, Tomo, caters to young adults, students, and immigrants who are struggling for financial support to build a better future in the U.S. TomoCredit analyzes various data points like the amount of money a user has in their bank account and the stability of balance. This way, it reviews a person’s financial responsibility, individual circumstances, and takes into account alternative metrics to determine their creditworthiness.
Evea facilitates Cash Flow Management
Founding Year: 2020
Location: Lagos, Nigeria
Use this solution for Zero-Interest Credit Cards
Evea is a Nigerian startup that offers a credit card that enables young businesses and startups to manage cash better. The startup floats young firms’ cash flow expenses via corporate credit cards. These credit cards come without interest charges and annual fees. In addition, the startup’s platform allows customers to track expenses and analyze spending patterns.
Extend offers Virtual Credit Cards
Founding Year: 2017
Location: New York, US
Funding: USD 49 M
Partner with the startup for Credit Card Distribution Platform
US-based startup Extend offers a digital credit card distribution platform for banks, fintech, businesses, and individuals. The startup integrates major networks and processors, including global payments, MasterCard, and Visa, to build a platform that supports product development. This allows card issuers to increase their product offerings. Extend also offers application programming interfaces (APIs) to leverage these virtual credit cards to enhance financial products and streamline payment operations for fintech companies.
Discover more FinTech Startups
FinTech startups such as the examples highlighted in this report focus on business financing, process digitization, and open banking. While all of these technologies play a major role in advancing the financial services industry, they only represent the tip of the iceberg. To explore financial technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free FinTech Innovation Report to save your time and improve strategic decision-making.