Which 10 tech startups or innovations are revolutionizing the financial technology (fintech) industry?

1. Robinhood: This commission-free trading app has revolutionized the accessibility of investing for the average person and disrupted the traditional brokerage industry.

2. Stripe: This payment processing company has simplified online payments for businesses, enabling easy integration and seamless transactions.

3. Square: Offering a range of financial tools, including point-of-sale systems, payroll services, and peer-to-peer payments, Square has empowered small businesses with streamlined financial solutions.

4. Ant Financial: As an affiliate of Alibaba Group, Ant Financial has revolutionized the landscape of digital payments in China through its Alipay platform, allowing for secure and convenient online transactions.

5. Revolut: This digital banking platform enables users to conduct fee-free currency exchanges, money transfers, and invest in cryptocurrencies, disrupting traditional banks with its user-friendly and low-fee services.

6. Plaid: By securely connecting users’ financial accounts with various applications, Plaid has simplified and enhanced the process of accessing holistic financial data, enabling tools like budgeting apps and fintech startups to provide better services.

7. Betterment: As a robo-advisor, Betterment has automated and democratized investment management, making it accessible to a wider audience and providing personalized investment portfolios.

8. SoFi: With a focus on individual lending, SoFi offers student loan refinancing, personal loans, and mortgages, disrupting traditional financial institutions and providing competitive rates to borrowers.

9. TransferWise: This peer-to-peer currency exchange platform offers low-cost international money transfers, challenging traditional banks’ high foreign exchange fees.

10. Adyen: As a global payment processing platform, Adyen provides a seamless and unified solution for businesses to process payments across various channels and countries, enhancing the customer experience.