Thanks for the list! I'm working on a service [1] that has many customers in the finance and insurance space, so these are some great leads. Your list of insurance startups [2] is also really helpful.
Here's the folder containing lists of startups in many other categories [3].
Being serious here: What exactly is a "fintech" company? Every financial company on earth that isn't in someone's backyard is at-heart now purely technological (computers, algos, tracking, databases, etc.). So what makes a "fintech" company? Is it a super _ultra_ technological bank?
In summary, what are fintech companies exactly doing?
Part of me believes it's the new version of "crypto-", but i will hold my breath.
I'd say that "fintech" companies are the union of financial companies that are aggressively becoming "tech" companies and the tech companies that have enough funding, patience, and grit to deal with regulatory and various other challenges for a financial entity (though the definition of a "financial entity" varies from country to country)
It's not the new version of "crypto-" (if anything it's the old version as they've been around a while), but it can indeed just be a hypeword
I mean, I'd classify my startup as a fintech company (at least from the outside):
Https://projectpiglet.com
I'll tell that to investors, people who click the link, etc. That's because it describes that I'm working with / in the financials space (aka financial statistics, and investing as it relates to assets of some kind).
Now... I personally, classify the company is a "human analytics" company. The system learns about people. Off the platform I can build insider threat detection (if deployed within companies), I can build a search engine for experts / people, I have a way to track brand strength, sentiment around politians, create curated news updates provided via email, etc. Even track the "strength" of a mene
All those are already on the platform or are demos...
Is it a fintech company? Yes, to people looking for fintech, but is it also A, Y, and Z - sure. Defining what a company does is difficult in some cases; fintech is currently what is describing anything really working with money and / assets to make money.
The definition seems to be wide. My 'fintech' startup [0] focuses on automated bookkeeping, but depending on who you ask, automated bookkeeping is or is not regarded financial technology.
Nearly same boat here. We're based in Frankfurt where everyone is talking about FinTech so its natural to call our Accounting/Bookkeeping/Billing AI Startup [0] a Fintech, but to me initially the term was reserved for startups that process creditcards or do algotrading. I'm content now to use the term as long as its helpful.
This was a homegrown solution by a student that worked for us. It's not auto generated and quite frankly painful to maintain as it just generates this html in php via parsing xml files. We're looking for alternatives at the moment too.
The distinction is pretty much the same as the distinction between "tech" and "other" companies in other fields
Technology is more fundamental to how a company aims to be better than the competition (or at least how it markets itself as better than the competition). Which in practice often means having software doing exactly the same thing as software in other companies, but less bricks and mortar, customer service and established reputation.
Everything Morgan Stanley or HSBC does depends on computers and their bottom line is hugely affected by the quality of things like their trading algorithms, but "better software" is less intrinsic to why people would consider using them than, say a "Fintech" oriented challenger bank, or a HFT fund, or a stock recommendation report marketing itself as being purely "Big Data" driven.
Having worked in traditional fintech firms like trading platforms, exchanges, algo traders etc for last 15 years, I feel many of the new gen companies are just trying to be cool by calling them fintech.
I have a friend who started a company which manages travel rewards and was pitching his startup as 'disruptive fintech'.
This is a great list! If I were you I would make it into a website and add some basic filtering capabilities. Also, filtering by category in each list would be interesting.
You can download it. It's just Google's weird UI. Click on "more spreadsheets", then go into the folder called startups or whatever, then the fintech folder, then click on the fintech spreadsheet once, then the '3 dots' at the top and "Make a copy" and it'll copy the file to your own Drive where you can download or edit to your heart's content.
Can't help but think this is a flaw in Google's copy protection implementation, given that copy/pasting and exporting within the spreadsheet itself are disabled.
Yeah, I'm not sure - Google's UI doesn't make it clear (to me, at least). I'm assuming the original link is just a special "view only" link that takes the menu bar away.
I didn't know you guys having the problem. I use windows 8.1 I am able to download (incognito mode) through "File >> Download". I've never used Mac can't say anything about. It's up to you guys and all my startup lists are available for download.
Funny enough my non-fintech failed (shuttered) company is listed here, but my more-or-less fintech company that's actually profitable and raised a bunch of money isn't listed.
Probably because we concentrated more on PR/Press on the first one...
I am new to this forum and wondering what are the benefits for a startup to add themselves to a list like this? can someone please enlighten me? Thanks!
34 comments
[ 3.0 ms ] story [ 67.6 ms ] threadHere's the folder containing lists of startups in many other categories [3].
[1] https://formapi.io/
[2] https://docs.google.com/spreadsheets/d/1KnEcpYOuLl2d9k9wjWIg...
[3] https://drive.google.com/drive/folders/1fURgn2ulbqz3H6inuio_...
In summary, what are fintech companies exactly doing?
Part of me believes it's the new version of "crypto-", but i will hold my breath.
It's not the new version of "crypto-" (if anything it's the old version as they've been around a while), but it can indeed just be a hypeword
Https://projectpiglet.com
I'll tell that to investors, people who click the link, etc. That's because it describes that I'm working with / in the financials space (aka financial statistics, and investing as it relates to assets of some kind).
Now... I personally, classify the company is a "human analytics" company. The system learns about people. Off the platform I can build insider threat detection (if deployed within companies), I can build a search engine for experts / people, I have a way to track brand strength, sentiment around politians, create curated news updates provided via email, etc. Even track the "strength" of a mene
All those are already on the platform or are demos...
Is it a fintech company? Yes, to people looking for fintech, but is it also A, Y, and Z - sure. Defining what a company does is difficult in some cases; fintech is currently what is describing anything really working with money and / assets to make money.
[0] https://parsey.nl
[0] https://www.fastbill.com
https://www.fastbill.com/api/fastbill/en/fundamentals.html#i...
Technology is more fundamental to how a company aims to be better than the competition (or at least how it markets itself as better than the competition). Which in practice often means having software doing exactly the same thing as software in other companies, but less bricks and mortar, customer service and established reputation.
Everything Morgan Stanley or HSBC does depends on computers and their bottom line is hugely affected by the quality of things like their trading algorithms, but "better software" is less intrinsic to why people would consider using them than, say a "Fintech" oriented challenger bank, or a HFT fund, or a stock recommendation report marketing itself as being purely "Big Data" driven.
I have a friend who started a company which manages travel rewards and was pitching his startup as 'disruptive fintech'.
Can't help but think this is a flaw in Google's copy protection implementation, given that copy/pasting and exporting within the spreadsheet itself are disabled.
Probably because we concentrated more on PR/Press on the first one...
Investors: https://docs.google.com/spreadsheets/d/1c3motcInTen-jGBBwtp_...
An interesting resource and huge undertaking. A radically libre approach to Mattermark's vision. Thanks Pankaj.
Thank you for your submissions soon your startups will be added to all relevant lists.
Anyone can add their startup by https://docs.google.com/forms/d/e/1FAIpQLSezN1Ipnj9GrFPGYqAg...
Startup lists by "Location" are coming soon. Keep checking for more lists and updates on your favourite one https://drive.google.com/open?id=1-CjBzfvjlKROXpnuFWiIwxrDyi...
Pankaj