This article showcases our top picks for the best North Carolina 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 North Carolina Fintech (Financial Technology) Companies
AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processes over $140 billion transactions annually across its network of more than 680,000 suppliers, transforming the way 6,000 customers in North America pay their bills.
AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,500 employees supporting customers across seven office locations..
Bank of America
Bank of America is a financial institution, serving individual consumers, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. They serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users.
It offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries.
Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
It was founded in 1998 and is headquartered in Charlotte, North Carolina, United States.. .
NCino offers a cloud-based bank operating system created by bankers for bankers. The system helps increase profitability, productivity gains, regulatory compliance, and operational transparency at all organizational levels as well as across all lines of business.
Following a process structure similar to a bank’s loan accounting system, the bank operating system offers combined services through its business process management, loan lifecycle, business intelligence, and document management solutions.. .
Spreedly is a cloud-based payment infrastructure that allowing to securely capture credit cards, store them safely in a vault, and then use them with 100+ payment gateways and third-party API’s, all while keeping out of PCI-DSS scope. It provides online merchants and services the choice to work across multiple payment gateways and endpoints, creating flexibility for payment options, capture, and vaulting.
Spreedly was founded in 2007 and is headquartered in Durham, North Carolina.. .
Finmark is financial planning software for startups; making it simple for companies to manage their runway, hiring, and cash. The platform takes complex financial concepts and calculations and distills them down into a simple to use interface so companies can easily update, inspect, and share their financial metrics.
Companies, from pre-revenue to pre-IPO, rely on Finmark to align teams, drive collaboration, reduce costs and resources, and build the next generation of great startups. Greg Lissy, Jeremy Neuberger, and Rami Essaid founded the company in Raleigh, North Carolina in 2020..
ARCA develops and distributes financial, retail, and self-service technologies to its clients. The company’s product portfolio includes cash recyclers, deposit, dispensers, check and coin handling, software, and OEM.
ARCA’s range of solutions includes branch transformation, retail bank office, cash recycling, and universal banking. It offers its products and services to firms in the financial, retail, and OEM industries.
ARCA was founded in 1998 by Mort O’Sullivan and is based in North Carolina.. .
Home Lending Pal
Home Lending Pal built the first Automated Mortgage Advisor that simulates buying a home with multiple lenders to determine mortgage approval odds and affordability impact based on lifestyle. HLP merges online data from trusted sources to streamline application, reduce the need to scan paper documents, and simplify the home buying process with data-driven workflows, AI and blockchain technology.
We educated borrowers on homeownership options while collecting underwriting documents at scale for lenders.. .
Payzer is a North Carolina-based financial technology company that offers an all-in-one financial tool which helps contractors grow their businesses and exchange money with ease. Its mobile and cloud-based platform allows customers to accept credit and debit cards, and electronic checks in the field or at the home office with real-time tracking across their organizations.
It also allows its users to provide instant financing up to $55,000 using a mobile phone, tablet, or personal computer as well as control purchases by giving employees Visa debit purchasing cards. Payzer was established in 2014..
You have always been told “they can’t do it“ or “it’s going to take a year.“ Legacy technology should not be your obstacle; now you can transform development processes that would take years into hours. They don’t wrap old technology with an API layer.
They create everything as an API, so they can help you innovate faster. Their engineers, ex-bankers and fintech-savvy leaders are pursuing an ambitious goal: to change the future of banking with their solutions.
They are headquartered in Wilmington, NC, with an office in Austin, TX.. .
Constellation Digital Partners
The Constellation Digital Service Platform is the world’s only cloud-based suite of digital financial services dedicated solely to credit unions. They are redefining what credit unions can offer, enabling them to finally provide the services their members desire.
Our credit unions have the freedom to not only survive, but thrive. To not only compete, but win..
Amicus is a financial services company that specializes in the fields of community foundations, mobile software, impact monitoring, and nonprofit. It features scale donor-advised funds with an enterprise-ready giving platform, seamlessly integrated into the banking experience.
It was founded in 2017 and headquartered in Charlotte, North Carolina.. .
Zogo is a mobile app that pays kids to learn financial literacy. They break down complicated financial concepts into more than 300 bite-sized modules that meet kids on their phones.
These modules start with easy concepts like budgeting but grow more complex as teenagers advance through the app. Users start each module by learning five concepts before taking a five-question quiz.
Kids earn points in the form of pineapples as they complete modules. They can redeem these points for rewards such as gift cards.
Financial institutions partner with Zogo to co-brand the app and use it as a tool to engage, attract and learn about GenZ. They would distribute it to existing customers, complement teen checking accounts and leave behind after teaching at their partner schools.
We’re backed by Techstars and MetLife. We have won 2019 NACUSO Next Big Idea Competition in the credit union industry as well as the “Best of Show” at FinovateFall 2019.
Zogo is built by a team of GenZ, and built for GenZ.. .
Tradier, Inc. (tradier.com) is a financial services cloud provider that offers a groundbreaking solution to serve platform providers, developers and investors.
The Tradier solution features an innovative set of fully hosted APIs, modules and “out of the box” tools that are leveraged by a growing list of providers.. .
MEDICI is the global destination for the FinTech industry for the benefit of enterprises, startups, and investors. It is an independent source of data-driven research dedicated to covering FinTech innovation globally.
It was founded in 2013 by Aditya Khurjekar and Amit Goel.. .
FISCAL Technologies Inc.
FISCAL Technologies is the leading provider of forensic solutions that empower purchase-to-pay teams across the globe to protect organizational spend. Incorporating unique technology to reduce risk in the supply chain, FISCAL solutions are used on a continuous, preventative basis to protect supplier spend, defend against fraud, increase profitability and drive process improvement.
Since 2003, FISCAL has safeguarded hundreds of millions of payments and is now relied on by over 250 leading organizations.. .
Honeyfi is a free mobile app that makes it easy to manage money as a couple. With Honeyfi, it’s easy to collaborate with your partner about money.
Just link your accounts to the app, choose what to share with your partner, and see your household finances — organized and categorized — in one place.. .
LendingTree, LLC is an online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans and credit cards.
Launched in 1998 with headquarters in Charlotte, N.C., LendingTree also owns and operates LendingTree Loans sm, GetSmart.com, and HomeLoanCenter.com. LendingTree, LLC is a subsidiary of Tree.com, Inc.
(NASDAQ: TREE).. .
Clinverse is a technology company solely focused on the financial management of clinical trials and associated payments in over 140 currencies. Our flagship product, ClinPay, is a secure on-line eClinical Trial Payment Network that dramatically reduces time spent on the investigator payment process with significant increases in clinical trial productivity.
ClinPay links sponsors to investigators in a payment and reporting system that reduces study start-up time, makes possible timely and accurate payments, provides transparency and auditing records, and simplifies compliance.. .
FaaStrak offers user friendly equipment leasing platform to help our customers save time and effort. Through our organized platform business can flourish.
Each individual can choose whichever lender works best for their business, and offer a direct connection to customers. Our goal is to make the process of equipment leading less tedious through the use of our highly efficient platform.
Have the power to control your own deals, with FaaStrak. – A more hands on equipment leasing process that allows for greater control.
– Instant quoting for equipment leasing – Automated process – Application management – Access to multiple reputable lenders and direct communication with said lenders – Easy online application – One standard application for all lenders – Organize applications by each lender for easy management – No need to contact multiple leasing representatives creating quicker response times. .
Equity Shift provides an intelligent securities software platform for private companies, their investors, and trusted third-parties. Equity Shift provides an intelligent securities software service for private companies, their investors, and trusted third-parties.
The ES platform unlocks the maximum potential of private securities by making them easier to buy, sell and transfer – adding value to crucial shareholder relationships. Suitable for nearly every type of privately held entity, Equity Shift automates the end-to-end process for a wide range of primary and secondary transactions, as well as scheduled vesting and rules-based conversions.
Equity Shift can conform to the specific requirements of an organization’s unique settlement process, eliminating manual inefficiencies and delivering consistent and fully-compliant outcomes.. .
Agingo has developed a way for individuals to monetize their data by giving business permission to access it. To do this it has created the first decentralized platform capable of scaling without compromise.
Agingo has created the only blockchain platform capable of fully running on cell phones so the more devices that are added the faster and more secure it gets.
Founded in 2004, Paymentus provides a payment network that allows consumers to pay billing companies in real-time via any funding method. It offers a cloud-resident, tier 1 PCI-compliant solution.
The company also provides solutions for revenue management, customer self-service, communication management, and electronic bill presentment. It serves the utilities, municipality, healthcare, insurance, and financial services industries.
Paymentus is based in Atlanta, Georgia, United States.. .
LoanWell is an automated loan origination platform with end-to-end functionality for intake, underwriting, closing, servicing, and reporting. They are an enterprise solution for CDFIs (Community Development Financial Institutions), loan funds, community banks, and credit unions. LoanWell automates the back office so these amazing community lenders can do what they do best — fund our local small businesses and economies. LoanWell is a Google for Startup Company with customers across the country.
BovaMetrics is a WealthTech company that builds Augmented Intelligence (AI) solutions for Wealth Advisors. Their flagship product, Equilla, is a portfolio monitoring and Performance Based Rebalancing platform designed to run with portfolios managed by any Wealth Advisor.
By monitoring the funds in the portfolio against current market conditions, Equilla can make portfolio rebalancing recommendations to the Wealth Advisor that over the long-term will help add more shares to the portfolio and thus increase the value of the portfolio anywhere from 2.5 – 7%.. .
The steady rise in asset values leading up to 2007 made it particularly difficult for banks to price appropriately for risk. Why? Because “the bank across town” set the price benchmark artificially low, knowing they’d get bailed out if a loan went bad.
In 2006, many bank CEOs would routinely tell us “we just can’t get paid for risk.” Today, we never hear this. Without rising asset values to lean on, the success of community banks depends almost entirely on their ability to compete for the best deals, protect and strengthen their relationships, and price appropriately for risk.
Banks that aren’t able to refocus on these things stand to lose everything. We believe that the most important conversation a lender has with a borrower is about pricing.
We created PrecisionLender to help make that conversation successful for the borrower AND the bank. CONTACT US TODAY to learn how we’re helping other community banks win more deals, protect & strengthen relationships, and increase profitability.
We guarantee it’ll be worth your time. .
B2R Finance L.P.
With offices nationwide, B2R Finance is a financial technology company founded to address the unique needs and financial goals of single-family rental property investors. In early 2015, B2R Finance acquired assets from Dwell Finance, a national bridge lending provider underpinned by a cloud-based financial technology platform.
Together, the companies provide residential buy-to-rent mortgages and offer tailored lending solutions designed for investors at all stages of portfolio growth. Founded in July 2013 by Executive Chairman Nick Gould and funds managed by Blackstone Tactical Opportunities, B2R operates in partnership with the nation’s leading commercial and residential real estate professionals..
Brighthouse Financial offers annuities and life insurance that help protect what people have earned and ensure it lasts. The company is built on a foundation of experience and knowledge, which enables it to provide the value the customers deserve.
The company has over $200 billion in total assets, more than 2 million customers, and approximately 2.5 million annuity contracts and insurance policies in force. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company.
Brighthouse Financial was founded in 2017 and is headquartered in Charlotte, North Carolina.. .
The XcooBee Privacy & Payments Network is a cyber-security and payments platform in one. XcooBee allows enterprises to operate without reinventing the wheel and get contactless payment and privacy applications to market faster.
We learned from Asia about payment innovations and adjusted it for western markets. Developers can easily create secure data, consent, and contactless payment applications in minutes.
Companies and users can manage documents, data, and consent flows and connect them to smart payment processes. XcooBee uses software-defined-workflows to dynamically create secure transactions at scale.
This can be used to facilitate easy implementation of GDPR and CCPA requirements or any other business process that requires data and payments to be processed. For smaller businesses, our pre-built applications address specific use cases and take advantage of our platform to showcase its power.
We have tools for many areas of your business. For example, contactless payments, fundraising, event-ticketing, and voucher generations are just a few of the tools available to you with your subscription.
Our consent tools are backed by AI to highlight user sentiment in consent interactions across campaigns. Our tools can show you problems before you know you have them..
Pacatio improves earnings for small retailers by monetizing the relationship between mobile payments, data, marketing, and loyalty. Pacatio’s all-in-one solution provides a) consumers with personalized offers and loyalty cash rewards; b) retailers with intelligent marketing and loyalty capabilities; and c) is a business intelligence platform for business owners to segment and analyze their customers.
We are the Starbucks mobile app for all retailers. We improve business margins and increase customer lifetime value..
CrewPay is a software service that makes it easy for businesses to manage and pay their independent contractors. Through secure and intuitive tools, CrewPay helps businesses stay 1099 compliant, reduce paperwork, scale effortlessly and build loyalty with their contractors.
CrewPay’s advantage is its straightforward approach to eliminating the hassle of payables.. .
The Dwell Finance online lending platform is the first single-family rental (SFR) financial technology platform vertically integrated from origination through securitization – connecting the innovation of Silicon Valley with the financial power of Wall Street. The platform supports entrepreneurial borrowers from loan application to close, with integrations that provide borrowers with a data-driven view of their investments.
The Dwell Finance Foundation LoanTM allows borrowers to purchase or refinance individual rental properties in order to start, expand or leverage their investment portfolios. Accessible through the Dwell Finance platform, entrepreneurial investors can apply for loans online to build wealth through single-family rental properties, one at a time.
Dwell Finance was founded in 2014 as a joint venture between Gregor Watson, founder of 643 Capital Management, and Rob Bloemker, founder of Five Ten Capital, as a national bridge lending provider underpinned by a cloud-based financial technology platform. In early 2015, B2R Finance acquired assets from Dwell Finance, forming a full suite of products for small to established investors.
B2R Finance was founded by funds managed by Blackstone Tactical Opportunities.. .
One Donation is a giving and donation platform that eliminates barriers associated with traditional methods for funding great causes. One Donation offers a mobile application that allows donors to give to one of over 1.5 million nonprofits from a single location on their smart phone.
One Donation offers a payroll deduction option similar to the United Way. 3 simple steps to implement and more cost efficient.
More money goes to the selected nonprofits. One Donation offers a live event platform that enables nonprofits to sell tickets to events, raffle off items at events, and the increased ability to convert these one time gifts to reoccurring gifts..
First South Bank
First South Bank has been focused on serving their customers and communities. Originally organized as the Home Building & Loan Association, it was built with a commitment to encourage solid saving habits and growth of home ownership for eastern North Carolina residents.
Headquartered in Washington, they are one of the largest locally based mortgage loan originators and servicers in North Carolina. They are a community bank at heart, passionate about the personal and economic well-being of their customers and their communities, always providing a ‘you first’ experience.
Putting their customers first is the driving force behind everything they do. From the highest quality products and technology to exceptional personal service, they have the tools and the team to help both individuals and businesses reach their financial goals..
Venture Debt – Find Venture Debt LLC
Find Venture Debt provides a fast and easy solution for technology and growth companies to identify and connect with potential lenders. Our broad universe of lenders goes beyond the “most likely suspects” and our filtering algorithm helps select the loan types and lenders that are the best fit.
We help companies accelerate growth and minimize dilution by providing access to 400+ lenders for working capital financing, MRR lines of credit, senior term loans, revenue-based financing, mezzanine debt, equipment leasing, and royalty monetization.. .
Quartix is a data and technology-driven alternative lender operating in the US and Canada. Our mission is to improve the financial performance of supply chains on the buyer side and reduce the borrowing costs of SME suppliers by offering effective supply chain finance to the long tail of SME suppliers.
The proven benefits of supply chain finance were available until today only to the Fortune 1,000 companies. With Quartix they are now available to all companies.
Our solution is tailored to US buyers with a turnover of $25-500mn. The fact we are data and technology-driven allows us to offer our solution to a broad network of supply chains with no setup cost or hidden fees.
Our seamless integration and access from multiple channels facilitate quick deployment and engagement. Our solution is totally discretionary – if the offer is attractive – you can finance your unpaid receivables!.
SKJ Visioneering, LLC
SKJV is a fintech startup developing geeRemit, a global remittance mobile app based on blockchain and mobile money. It uses blockchain, which reduces costs and transfer times and is very secure.
Mobile money makes it accessible and convenient. It is implemented as an Android mobile app (iPhone version will come later) and will be part of the IBM cross-border payments blockchain ecosystem (collaborative discussions ongoing).
It will be part of the Stellar blockchain platform, which is leveraged by the IBM blockchain system. geeRemit also leverages APIs from mobile money services (e.g., mPesa in Kenya) to deposit funds directly into a recipient’s mobile money account.
We completed a successful crowdfunding campaign and are now preparing for the initial seed round to commence in July 2018. In July 2018, a new corporation will be created specifically for geeRemit and other future financial service offerings.
Global Mobile Finance, Inc. (GMF) will be created with all relevant assets, etc.
transferred from SKJV to GMF. GMF is Founded by Sandra K.
Orion Business Solutions LLC
Orion is a venture technology and product development firm. We invest in ideas and bring them to market.
Since our inception two years back, we have brought multiple products to market and helped other entrepreneurs get their idea off the ground by taking equity in their company. At present, we have two products: 1.
SQLMinder – SQLMinder is aimed at companies that have IT department and do their own in house development. Primary users of SQLMinder are developers and database administrators.
SQLMinder makes database change management process seamless and saves companies on an average 50 to 100K per year in database administrator and productivity cost. SQLMinder to DB is what Splunk is to logs.
2. Think2Gether – Think2Gether is a social media platform and our social media website VoteGiri is built on top of that.
Think2Gether is aimed at companies that want to provide in house social media platform to their employees and entrepreneurs who want to launch their own social media platform. In our Venture Technology portfolio, we own equity in MazeFire and Priase Or Bash.
Localfit is the premier travel fitness membership. Localfit offers members access to the best fitness clubs and class-based studios across America at an affordable price ($5-$10 / mo depending on plan duration).
With over 5,000 fitness clubs available, Localfit offers more options than any for-profit health club chain. Clubs are hand selected and all meet high-quality standards.
Localfit aims to be an inexpensive alternative to ClassPass while capitalizing on the thriving business and leisure travel markets in the US. Localfit is partnered with FinTech companies Marqeta and Mastercard and has developed a FinTech solution for simple integration and seamless club access..
Afribiz makes business happen in Africa by providing platforms for entrepreneurs, SMEs, non-institutional investors, and professionals to be successful in their ventures related to Africa. Afribiz, a global family of companies, focused on catalyzing and growing trade, information, business, technology and innovation, and capital flows between Africa and other global markets, both developed and emerging.
Afribiz products and services are divided into six areas – media and broadcasting, publications, projects, promotion and public relations, platform development, and professional services.. .
Pensmore Software was founded in October 2011. During the years leading up to launch, our founder ran a CRM company that provided SaaS and On Premise solutions to the QuickBooks user base.
As the business grew, they looked for tools to help them scale while also reducing costs. A key area in which they could do this was merchant processing.
Within the market, there was only one integrated solution with QuickBooks & QuickBooks Point of Sales, Intuit’s own Merchant Services. So we decided to invest our own time, energy and money into creating an integration truly designed with the QuickBooks user and merchant in mind.
We then decided to partner with Mercury Payment Systems as they provided far superior service and focused on a “dealer centric” model that ensured the customer was well supported. With the formal rollout in January of this year, we have seen the solution immediately embraced by other small businesses and dealers alike.
Looking for a simpler and better way to work, these business found that Pensmore was a system that worked for them, not the other way around. Today, Pensmore continues to grow exponentially and continues to bring the best QuickBooks focused merchant integrations to market.
Pensmore Software is headquartered in Charlotte, NC and has locations in Denver and Durango, CO. Each day we come together to listen to our customers & dealers, solve problems and continue to improve our products..
MyMoneyMyPlan is here to help you grow your money in a way that is personalized, unbiased and proven. Our aim is to take the best practices of successful investing – asset allocation, diversification, rebalancing, and review – and automate these practices using the power of technology.
We do investment research for you, consider what experts in the field are suggesting and what has worked in the past. Based on all of these, we recommend you the investments, monitor your portfolio and help you build wealth and plan for your retirement.
Our recommendations are based on well-known Investor Life Cycle Phases and corresponding risk/return relationships. We plan your investments after taking into consideration the factors like your age, marital status etc.
and our 24×7 monitoring system takes care of tracking your life stages and required transitions.. .
– Auxesis Online Platform In addition to Auxesis Outreach’s (501(c)3 tax exempt charity) work in the community, we are also growing the Auxesis online platform (for profit social media with a purpose and true value) to be synonymous to online financial education, resources, and community growth. “Auxesis,” literally meaning “amplification of community,” has the potential to be a publicly traded online platform of real and measurable value.
Through the collective minds from leadership from some of the top innovative thinking companies internationally, Auxesis could be the first publically traded company whose sole purpose is to secure and grow the nation’s economy. The organization would be a portal to connect citizens in need throughout the nation with the philanthropic efforts of some of the nation’s biggest companies and organizations, thus connecting available resources to those in need in an extremely efficient way.
The Auxesis platform would also be a highly effective way to focus the collective efforts of smaller companies and organizations, as well as donors, on the ability to foster highly effective campaigns which cater to a social-economic need or outcome. – What Makes This Special Auxesis’ online platform is a referral source for financial professionals around the country who are now working with their customer base to equip them with the education and the resources that make them informed and qualified consumers.
In addition to this, Auxesis is quickly growing national attention through media and word of mouth as a resource to assist people in getting back on their feet in the midst of financial despair. As the organization grows in popularity it attracts the attention of community relation departments throughout the country who help us grow the resources we can provide our users in the form of financial assistance.
Auxesis provides an opportunity that allows investors an opportunity to invest in a platform designed to grow both the middle and lower class Americans who are the largest pool of consumer spenders in the country. By providing these individuals an opportunity to grow their financial fingerprint in the economy, we are growing the economy itself while also growing the housing industry which is the foundation and one of the main key indicators of consumer confidence in the market.
Investors have an opportunity to invest in their community and country while also securing or increasing the value of other assets owned such as stocks or property. In times of adversity and dips in the market, Auxesis only grows in popularity in terms of individuals who are using the platform for assistance, companies and organizations looking to connect to the growing pool of individuals in need of their services, and donors and investors..
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