This article showcases our top picks for the best Michigan based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Michigan Fintech (Financial Technology) Companies
Benzinga is a financial news and analysis service providing timely, actionable insights for investors. It is a dynamic and innovative financial media outlet that empowers investors with unique content that is coveted by Wall Street’s top traders.
From breakouts to unusual volume, analyst ratings, futures; and options, and full-service, one-stop shop for investors of all stripes and styles. It also helps people to improve their investing and trading results by providing superior market information, tool, and data.
Benzinga was founded in 2010 and is headquartered in Michigan, USA.. .
Credibly is an emerging Fintech platform leveraging Data Science and technology with a manic focus on the customer experience. They created their unique lending and capital platform in order to serve small and medium businesses as a trusted and committed partner.
It offers a suite of financing products that can accommodate nearly any stage of business development or credit profile. Credibly also offers short-term financing in the form of business loans and merchant cash advances.
Its working capital loans and merchant cash advances can be a good option for borrowers with lower credit scores. Credibly was founded in 2010 and is headquartered in Troy, Michigan, United States..
BoostUp is a savings platform that helps people reach their big purchase goals and buy with confidence. BoostUp users automate a daily savings plan to start by saving as little as $1/day, plus they can RoundUp their everyday purchases, crowdfund gifts from family and friends, and receive exclusive purchase offers from BoostUp brand partners.
Saving money has never been so easy or so rewarding. BoostUp has over 53,000 users who have used their BoostUp savings to purchase over $165,000,000 worth of products and services from BoostUp partners.
To save for free with BoostUp, visit the App Store, Google Play, or BoostUp.com.. .
Levanto Financial Inc.
Levanto Financial is a web-based platform that offers household financial management services for business professionals and their families. It helps its users to be informed finance-related decisions.
The platform provides corporate individuals with advice and guidance customized according to their needs, goals, objectives, and priorities. It was founded in 2009 and headquartered in Troy, Michigan..
Divorce AI is divorce financial reporting – a new category of intelligent tools that combine divorce and wealth management. Powered by Artificial Intelligence, expert knowledge, and comprehensive reporting technology, Divorce AI is built by people who care about families going through a divorce.
Divorce AI enables you to find what’s important, understand why it’s important, and put that information to use in the most powerful way possible. In short, we turn your future divorce into an easy-to-read report.
The average divorce costs a whopping $20,000. That number can quickly grow if you are not properly prepared for a divorce.
That is why every divorce starts here. We estimate all of your post-divorce expenses and incomes, asset separation options, future budget, net worth, and more.
We are trying to save you time and money by better preparing you for a divorce. Divorce AI helps you understand the financial implications of your divorce and estimates your post-divorce financials, so you can better execute and negotiate the terms of your divorce.
We’ll admit it. We are not pretending to be your lawyer.
ProjectFRED is a Fintech company and state-of-the-art selling, investing and capital raising platform for commercial real estate. Using fractional real estate ownership and hyper-targeted marketing FRED brings together buyers, sellers and property managers using self-executing smart contracts on the blockchain.
Title is recorded instantly and is secure, funding is direct and rapid, and commercial property ownership is now accessible like never before…. .
The Conpoto technology drives local spending and serves as the foundation for buy local campaigns in communities around the country. They offer it exclusively to organizations that are enhancing the economic vitality of their areas.
With their technology, chambers, schools, and non-profits can create a community currency program— offering gift certificates that can be spent at participatory merchants throughout their community. With Conpoto’s local currency portal, everyone wins—businesses, merchants and the community..
Billhighway is a cloud-based system designed for non-profit organizations that combines payment processing, banking and accounting solutions together in one system allowing for straight-through financial processing. With the time, money and resources you will save by using Billhighway, youâ€™ll be able to spend more time advancing your non-profit organizationâ€™s mission rather than managing your finances.
As a single, integrated platform, the Billhighway system enables straight-through processing of all financial aspects of a transaction. For your organization, this means significant reductions in the time lost on inefficient processes, and better data for tactical, operational and strategic decision-making.
Billhighway’s financial solution consolidates multiple local bank accounts into a single operating account, using multiple virtual accounts. This simplified approach allow funds to be routed directly to cash accounts in real-time, creating separate accounts for national and local revenue centers, supporting native A/R and A/P functions.
The platform was designed for due & fee based organizations, such as non-profits and is configured to match the organizations specific accounting structures (Chart of Account, Cash vs. Accrual, etc.).
Billhighway meets Generally Accepted Accounting Principles (GAAP) to enable successful annual audits and offers tools for budgeting and success planning. Improving your group’s financial health and operational efficiency is what we are all about..
RateElert.com helps US consumers shop for insurance and find the best insurance rates possible based on their unique situation. Every insurance company likes different risks so RateElert helps match you with the insurance company that has the best rates for YOU in your community.
Experts agree the # 1 way to save money on your insurance is to get multiple rate quotes every year to make sure you are still getting the best bang for your buck. The Problem is most consumers simply do not have the time or remember to shop their insurance every year.
Therefore, with RateElerts patent-pending Insurance NetShopper renewal reminder service you can relax because RateElert will automatically send you a eLert via e-mail or text message letting you know your current policies are up for renewal and its time to shop again. This way you are always getting the best insurance rates possible.
RateElert.com is the internet’s leading online insurance exchange that assists consumers with finding the right policy at the lowest rate possible, it’sâ€¦.. Insurance Shopping Made Easy! Whether you’re looking for auto, home, life, health, or business insurance, RateElert can help.
Our unique marketplace concept was created especially to… -Let consumers choose from up to seven competitive insurance rates from major, national, regional, and local carriers across the U.S.
-Connect consumers with a network of insurance agents who can help you choose the right policy for your needs. Our Agents represent major insurance carriers nationwide, so whether you’re staying in town, or moving to another state, RateElert.com can match you with a local expert! -Provide a convenient ‘one-stop-shop’ destination for your insurance needs by giving you choices, convenience and value while finding the best insurance rate for you.
Pocketnest provides comprehensive financial planning to genX and millennials in a digital, methodical platform. The company uses behavioral science and psychology to coach users to achieve financial wellness.
Pocketnest Inc. was founded in 2017 by Jessica Willis and is based in Ann Arbor, Michigan, United States..
At Coinpay, we’re changing the world. Users can send Bitcoin and other cryptocurrencies anywhere in the world within seconds, and you fully control your security or privacy.
For the adoption of cryptocurrency, we need to innovate and highlight its use beyond an investment. Help us change the world…
with Coinpay! We are a non- custodial wallet meaning we do not control your funds or private keys. We believe our users should have total control of their money, and that is reflected directly in the app.
For a great description of the app go to: https://www.coinpayapp.com/howto/. .
Decision Technologies empowers investors to make better decisions using personalized scoring and ranking methodologies. The company provides a cloud comparison engine for professional advisors to create financial product awareness and accountability for families across the world.
They also provide APIs for Robo advisors and communicate with an API that incorporates multiple performance factors based on the personalized preferences of clients. The company is situated in Troy, Michigan, and was founded in 2004..
RepPro is the universal application for insurance advisors, offering the quickest and easiest to complete and submit financial forms. When clients purchase products such as life insurance, annuities, and disability insurance from their advisor, they are required to fill out multiple applications for each product and RepPro combines these applications into one “”Universal Application”, which needs to be completed only once and adds benefits such as real-time error correcting, automatically computed answers, and e-Signatures.
This Universal Application of RepPro is then stored to the clients profile and can be used to conveniently fill out additional applications in the future. RepPro was launched in 2013 and is based in Detroit, MI.
with an additional office located in Chicago. The company was acquired and was acquired.
HealPay pioneers a non-intrusive, consumer-centric approach to Collections. HealPay works with Collection Attorneys, Collection Agencies, Healthcare Providers, Property Managers, Creditors and Billers, to help collect on accounts receivable with less hassle.
Our flagship web application, SettlementApp, innovates by analyzing data and providing individuals with flexible payment options. HealPay integrates with leading claims management software, accounting software and payment gateways, automating reports and reducing data entry.
We believe making payments should be a painless process.. .
Experience the better way to accept payments! With the 1-on-1 developer support, Zeamster provides an agile development environment while allowing quick integrations out of PCI Scope. Built on an API-First philosophy, we utilize micro services for specific functions that are transparent to our users.
The cloud based payment gateway solution has a user-friendly web based interface built for small and mid-sized businesses. Our mission is to build lasting partnerships that will help ISV’s stay EMV compliant and out of PCI Scope! Experience the Smarter Way to Accept Payments! Zeamster has certifications in the Retail, Restaurant, E-Commerce, MOTO, and Lodging industries, as well as EMV support.
The interface provides a wide range of options including our Account Vault (Tokenization), Recurring & Installment plans. We take pride in our developer support and the ease of integration, which provides the flexibility our partners require..
Investment Link is an automated goals-based financial advice service with subscription-based pricing, which makes it affordable and available to everyone. Its technology enables users to maintain full control of their assets and execute the recommended strategies on any brokerage platform they choose.
The company offers users complete access to view their customized, diversified portfolios with total transparency from anywhere, anytime.. .
Irfan Consultancy was founded in 2018 with the goal of becoming a catalyst of the digital ecosystem across the world. The consultancy brings together a team of highly motivated, innovative minds with years of experience in strategy, policy, investments, and development in the global digital industry, all working together to utilize and facilitate “digitization” as a process of empowerment, opportunity, and legacy of the next decades.
Our aim is to become the globally trusted partner of the digital world, working in sync to create a positive impact on the present and future. Our systematic approach specializes in embracing every problem as an opportunity and creating solutions satisfactory to both our clients and team.
Driven by passion, knowledge, novelty, and values of empathy, we work as one unit with our clients in our mission to actualize a harmonic world driven by the Digital Revolution.. .
Glyph is the easiest way to know which credit cards to carry and exactly where and when to use them in order to maximize rewards and cashback. The app earns users hundreds of dollars per year by uncovering greater rewards on each purchase.
Founded by Michael Vichich and Tyler Felous in 2012, the company is headquartered in Detroit with an additional office New York City.. .
Rock Financial Corp
Rock is a specialty finance company marketing conventional and sub-prime debt consolidation and home financing loans, secured primarily by first or second mortgages on one- to four-family, owner-occupied residences. The Company originates loans through 26 stores and branches, one marketing center and one call center.
Founded in 1985 by its current Chief Executive Officer and Chairman of the Board, Daniel Gilbert, Rock originates 100% of its loans through its retail operations, marketing its loans directly to consumers. The Company uses proprietary marketing methods and technology to increase its market penetration.
Rock seeks to provide “world class” service to its customers, there by encouraging them to return for future loans and refer others to Rock for loans. The Company also focuses on recruiting, developing and motivating talented people, recruited from inside and outside the consumer finance industry, to implement its business strategies.
Rock believes it is creating growing brand identities and a retail franchise that will sustain its loan origination efforts.. .
ABARIS Investment Management
ABARIS has developed an Artificial Neural Network based Portfolio Management system. This is a unique, record breaking and disruptive technology that addresses volatility and significantly enhances returns on investments and risk mitigation.
ABARIS manages a variety of Portfolios with top-quartile performance. Our Strategies have achieved the distinction of being ranked amongst PSN Top Guns during 2013-2014.
We also received the International Hedge Fund Award for ‘Independent Asset Management Firm of the Year 2014 – USA’. The single most important factor that defines success in the investment management business is PERFORMANCE.
Our portfolios range from Market Neutral low beta Long Only to Equity Long/Short portfolios These are ETF and Equity portfolios generating returns consistently higher than the market, even during adverse and volatile market conditions. Old ways of asset management is not working.
Institutions are facing mounting challenges toward meeting their financial obligations to their members. Pension plans, in particular, face demographic challenges resulting in funding shortfalls.
Every town, city, borough, utility, big and small corporations have employee pension plans that have the same challenges toward meeting their financial obligations. Individual investors also face similar challenges.
Once upon a time, automotive companies purchased massive batches of metal, then slowly used it up as they built cars. Now, manufactures figure out exactly how many cars they are going to build next month, and buy exactly that much metal.
LeanFinancial brings these lean supply strategies to consumer’s money, using a free, online, budgeting tool. Designed the way the father of Lean concepts Taiichi Ohno would have suggested, to show if your ahead of, or behind, your purchasing plan at a glance.
Essentially, LeanFinancial is a free budgeting tool, that makes saving for the things you want to buy in the future easy. Simply input what you want, price, and when to buy, for the equal monthly installments needed to purchase.
Consistent, consolidated, automatic monthly payments keep customers on pace with their needs, reducing financial anxiety. Each month, users depositing the exact amount of cash needed for its interest to complete the installment, over the savings period.
Receiving just enough access, to just enough funds, just in time to buy. Needed funds are unavailable to be squandered while generate interest as long as possible.
Available funds represent exactly what you can spend or invest while still buying what you have planned in the future. A clear picture of financial position and risk tolerance.
Wolverine Crypto Trading
We’re a student-run organization at the University of Michigan using real money to trade in the dynamic cryptocurrency market. We are dedicated to learning about cryptocurrencies, blockchain, and trading.
Our team consists of undergraduates from a variety of backgrounds including Business, Computer Science, Data Science, Economics, and Engineering.. .
1CAVEAT offers an innovative service, allowing members to effortlessly make monthly supplemental payments against their student loans. Our service allows loan holders to pay off student debts years earlier than the default payment schedule.
In addition, our members can invite family & friends to make voluntary monthly contributions to accelerate the path to student loan freedom.. .
Loquidity is a membership-based platform that offers accredited and international investors with curated, locally sourced real estate investment opportunities. It is the Midwest marketplace for crowd-sourced real estate investments that take out middlemen to help sponsors fund their projects.
Loquidity was founded in 2014 and its operations are based in Michigan, United States.. .
Atoma Technologies, LLC
Atoma Technologies is a pioneering digital currency investment and trading company. We use machine learning, distributed computing and other mathematical and statistical technologies to find connections in the world’s financial data.
We apply the latest advances in data science and machine learning research to take advantage of the volatile markets of cryptocurrencies. We develop sophisticated investment models able to continuously learn and improve and produce alpha..
Avadhi Finance and Technology
Avadhi Financial Technologies, Inc., is a privately held corporation that provides advanced technology products and services to the global financial securities industry. The products and services we provide are the result of synergistic collaborations among our staff, our brokerage partners and client traders.
This process informs what would be the ideal features of electronic trading platforms and then we build them. By partnering with the world’s leading brokerages, we are able to leverage their vast experience and expertise to bring our products to market.
The bottom line for us is to empower our clients to secure their financial future.. .
Woodward Asset Capital
Woodward Asset Capital, headquartered in Southfield, Michigan, has been named as a 2012 Top 50 technology provider by Mortgage Technology Magazine and has been identified by Inc. magazine as one of the fastest growing private companies in America.
The company provides customizable technology solutions to best manage real estate sales and prevent fraud in the real estate marketplace. Woodward closes the gaps between mortgage servicing, lending, and the actual real estate marketplace to give clients a 360° view of their distressed assets with real-time information needed to make easy, smart decisions.
We make decision-making safer. We make regulatory compliance a breeze.
We make auditors and investors happy. And we prevent the type of fraud that is literally impossible to detect yet costs an average of $57,000 each time it happens according to the leading mortgage data analytics provider, CoreLogic..
The equity crowdfunding industry is set to explode once the JOBS Act goes into effect. The market is expected to be at least $500 million in 2013 with a steep increase in demand year over year.
They’ve identified over 222 investment crowdfunding platforms that are either in business over seas or are set to launch in the US. They expect the number of platforms to grow 40% more by the end of the year.
This poses many problems for both entrepreneurs and investors in the equity crowdfunding space. First, how will entrepreneurs know which funding platforms would be the best fit for them? Will they have to scour more than 222 platforms to understand what each platform is offering? And how will they be able to quantify their potential for success on each of the platforms? Furthermore, will investors have to go to each of the 222 platforms to search and research companies seeking funding? Where will they find other data that will help them make the most educated investment decisions? CrowdLanding has the solution to these problems.
CrowdLanding provides research, tools, and analysis for the global equity crowdfunding industry. Investors will no longer have to search across 222+ platforms and sort through a thousand companies seeking funding just to find the right investment.
Entrepreneurs can now stop at one place to research all the crowdfunding platforms to find the one that best suits their needs.. .
Auto Loan Options
Auto Loan Options specializes in auto loans and helps consumers secure financing online. Auto Loan Options’ platform is integrated with the industry’s best experts in auto financing.
This allows the company to provide best car loan for any type of credit situation; even car loans with bad credit.. .
Projections Fast delivers between 22 and 35 slides of quality financial projections and data including charts, graphs and ratio analysis. Also included are sections for loans, equity sales and fixed assets complete with amortizations.
Projections Fast is a lightning fast way to create comprehensive financial decks for the following: Financial Business Plan, Financial Decks for Investor, Investment Proposals, Loan Requests, Enterprise Budgets. .
Treefunder expands the capabilities of money for everyone. It is the first and only exchange to actually produce enough units of cryptocurrency for everyone.
With 7 Trillion Units exclusively and publicly available under its command, it offers its clients the same protections from sociopolitical risk that cash provides.. .
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