This article showcases our top picks for the best Ohio 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 Ohio Fintech (Financial Technology) Companies
Segmint empowers financial institutions and financial technology providers to easily understand and leverage data, interact with customers, and measure results. Derived from billions of transactions, Segmint provides the fastest and most accurate customer insights through advanced data tagging, categorization, and contextualization.
Our insights enable all functions of an organization to inform strategies including competitive analysis, risk, marketing, customer experience, and product innovation.. .
Pay Theory is a payments platform for Family Tech SaaS vendors to education, healthcare, childcare and children’s activities service providers. By creating simple, beautiful and impactful financial solutions, we ensure families are able to maintain access to their most important service providers while allowing SaaS vendors a unique avenue to a new revenue stream.
Pay Theory brings families and vital service providers together at the payment.. .
A subscription online platform that makes it 10x easier for investor groups to collaborate, formalize, bank, pool capital, and buy private investments together. Common financial goals include Single-Family Rental real estate and Vacation Homes.
The team is based in Columbus, OH, and led by seasoned entrepreneurs with deep expertise in marketplaces and payments. Travis Smith (Enterprise Payments @ Jack Henry), Zach Bowers, (FuelDrop, Founder), Josh Wilson, Larry Scott (ScriptDrop Founder), Kerry Dixon, Ph.D.
(OSU, Professor), and Pete Kight (CheckFree, Founder/CEO $4.5B exit to Fiserv). .
Vairt.com is a real estate token exchange and blockchain powered investment platform. The platform and underlying technology allow a vibrant ecosystem of investors, property manager and developers to participate in mutually beneficial transactions.
Current real estate investment requires buying entire properties or shares in a REIT. The former is capital intense and doesn’t allow easy liquidy for fractional owners and the latter is fund versus property specific.
Vairt users will be able to purchase or sell fractional ownership in properties using blockchain. Investing is done with a digital wallet and user wallets begin to accrue rental income from day one of their investment given Vairt is property-specific.
Vairt earns commissions on property sales, management contracts and token redemptions.. .
Splash Financial is a financial education and student loan refinancing company that gives young professionals more financial freedom. It helps students refinance medical school loans into one simple payment, and offering financial flexibility during residency, with a $1 minimum monthly payment throughout the training.
The company believes in educating customers to help find financial freedom. The company wants students to be able to chase both career and life goals without worrying about student loan debt.
Splash Financial was founded in 2015 and is headquartered in Cleveland, Ohio.. .
MortgageBite is a free online platform that allows consumers to shop anonymously for the best mortgage rates and fees in their local area. Users anonymously submit the essential details of their home mortgage requirements to our auction style marketplace where our network of Loan Officers bid on their business with their most competitive interest rates and closing fees in real time.
Consumers select the best offer and are instantly connected to the lender they chose. Their data is protected and only shared with the lender they choose..
Smooth is the first financial dashboard that is truly on a lifetime scale. Financial planners are prohibitively expensive and personal finance programs don’t go far enough.
Digital personal finance tools available provide oversight of one’s finances, through budgeting and categorization, but struggle to project forward. Smooth’s proprietary financial engine accurately projects forward to provide not only oversight, but insight and foresight.
Smooth integrates the most powerful financial planning engine (according to the Washington Post), with data aggregation technology and bank-level security, resulting a platform that’s highly sophisticated, yet simple to use.. .
We are a FinTech marketplace lender that provides a platform to refinance medical school student loans – helping borrowers reduce the burden of their student loan debt. Simply put, we acquire leads, convert them to loans, and sell the loans to investors or to community banks who are struggling to generate organic loan volume.
We partner with leading student loan origination and servicing companies to provide back-end platform support. We also contract with a federally charted bank to act as our lender of record, allowing us to lend in all 50 states.
Our product saves borrowers and average of $22,000, allows them to defer their loan payments while in their training program, and also simplifies their lives by consolidating their many loans into one new loan.. .
Fleri is an insurance tech-startup that specializes in providing insurance coverage for the families of migrants living in the diaspora. The company focuses on providing solutions and products in the fields of finance, insurance, and insure-tech.
Fleri was founded in 2020 and headquartered in Columbus, Ohio in the United States.. .
InStore Finance is a financing platform that allows merchants to finance their customers’ purchases. Merchants who use our program no longer have to lose big ticket sales when a customer doesn’t have all the money for the product they’ve carefully picked out, or as often happens, when their customer doesn’t qualify for traditional financing.
We manage the paperwork and installments, and all the stores have to do is cash the checks we send them each month. Merchants who work with InStore Finance generate extra sales and now have more loyal customers since they get to tell them “you’re approved!”.
Rhove turns renters into owners. We enable renters to own a stake in their apartment, and connect them with communities that contribute to their financial well-being.
The millennial generation has zero net real estate wealth. Also, young people are expected to spend over $200,000 in lifetime rent with no financial return.
Moreover, systemic inequality in housing has created a wealth gap in America. We are addressing these issues by turning every renter into an owner with “Rentership”.
Every resident living at a property offering Rentership by Rhove is granted a stake in their building. Each stake entitles holders to cash distributions and a fractional stake in the sale value of the property.
Residents can buy a larger stake in their property on their own terms. Renters that own a stake can buy more, hold and earn distributions, or sell anytime using the Rhove app.
Expanding ownership in communities is more than an economic imperative. Ownership expands our sense of mutual accountability and social responsibility.
Luma Financial Technologies
Luma is an independent multi-issue platform that provides banks and brokers and dealers an order entry system. Its education and training system helps advisors maximize their sales and marketing efforts to provide the best purchasing options for their clients.
Moreover, our post-sales support provides life cycle support to ensure that advisors and clients are maximizing their purchases. It was founded in 2018 and headquartered in Cincinnati, Ohio..
BitQuick is a service that connects buyers and sellers of bitcoin in a quick, convenient and safe manner. We narrow both buying and selling bitcoin to 3 simple steps.
To sell bitcoins, create a listing, fund your escrow and confirm deposits as they arrive. To buy bitcoins, place a hold, deposit cash and send your receipt to BitQuick.
After confirmation, the bitcoin are released to the buyer, less a 1-2% fee that is held by BitQuick. Selling is always free on BitQuick.
In this manner, the guess work is taken out of trading bitcoin and a safe platform can finally be utilized by the quickly growing Bitcoin community. BitQuick has a flexible platform that has already expanded and launched AltQuick, an alternate cryptocurrency exchange..
airCFO understand that the future is being built every day by start-ups and small businesses. These companies have big aspirations, but even the best-laid plans will fall short without sound execution.
airCFO’s mission is to partner with technology startups by managing their finance & accounting department, so they can focus on changing the world. airCFO was born from a pain point.
Their founder was an early employee at Apartment List, a San Francisco startup, and his duties included accounting & financial work. When he left after a few years to return to the Midwest, the remaining team didn’t have time (or desire) to take over the accounting back office.
They needed a reliable accounting solution as they scaled, but it was still too early to hire a full time CFO or Controller. Justin agreed to support Apartment List from Ohio so that the founders didn’t get pulled back into accounting and payroll, taxes and bookkeeping still got done each month on time.
With that, Apartment List became airCFO’s first client. In the 4+ years since, airCFO has grown its presence from Silicon Valley to the Midwest.
airCFO helps angel- and venture-backed startup founders by managing the accounting back office and acting as part-time CFO, so these startups have an experienced and trusted business partner from day one.. .
FormFire provides a cutting-edge technology that is the digital standard for transacting medical insurance business. The company’s platform allows brokers to grow through efficient quoting and customer management.
It brings digital online processes to the paperbound world of small group health insurance quoting, sold case installation, and group renewal for employees, employers, brokers, and carriers. FormFire was established in 2006 and is headquartered in Cleveland, Ohio..
TheCARD is a provider of financial and payment solutions and provides innovative pavement solutions. It helps companies create new revenue streams, reduced cost, increase security, and improve efficiency.
The company is based in Cincinnati, Ohio, and was founded in 2014.. .
Muster enables people in African megacities to have access to affordable housing by unlocking available rooms in these cities through a peer to peer shared housing marketplace. By renting rooms through Muster, verified people are able to pay for just the space they occupy, thereby saving on rent & bills whilst people with spare rooms are able to make extra income.
Musterlite, an online rent financing feature on Muster also breaks down the 1-2years upfront rent requirement on rentals in African cities to monthly repayments. As Africa’s first shared housing marketplace, Muster has been featured on local and international media.
https://www.cnbc.com/video/2018/02/05/muster-to-be-live-in-ghana-kenya-johannesburg-by-end-of-q2.html Visit https://www.muster.africa. .
BFF Income Share Funding
BFF Income Share Funding is a financial service company that provides consumer financing using income-share agreements. Their unique financing has helped customers pay off credit cards, purchase furniture for their first house, improve their credit scores, finance their education, purchase cars, and much more.
It also provides upfront cash in return for a fixed percentage of the financed person’s income for a fixed period of time. BFF Income Share Funding was founded in 2017 and is based in Dublin, Ohio, USA..
TradingBull is a Financial platform and global aggregator specialized in Digital Assets. Platform, Data and Blockchain as a Service (PBDAAS) TradingBull offers a full set of solutions to crypto enthusiasts, traders and investors with a global coverage of the crypto ecosystem: from multi-exchange trading to global portfolio management, data analytics (market, network, sentiment, news..) to your P&L taxation.
Juble it! is the easiest platform for creators to get monetary support from their fans and fans the fastest way to support their favorite creators. Creators can create their own Juble Link (short URL) and paste it in any post, comment, or profile on any platform.
When fans click on the link, they give as little as $1 in 3 seconds even without having an account. Our competitors can take over 1 minute to give; this is an eternity when browsing the web or viewing social, and why it’s seen limited adoption.
Best of all, our platform has been built from the ground up with the intention of growing community for creators. Juble it! is not just an easy way to give a small amount of money, but a way to increase engagement for creators and fans directly from their social accounts, blog, or website..
Tokenism is a marketplace (platform for creating and trading Fractionalized real estate) for Real Estate backed security tokens. The first of its kind platform is set to have all appropriate regulatory approvals and launch the beta version in Q2 of 2020.
The company is utilizing Blockchain & AI to back its platform. Tokenism provides its clients with a complete set of diligence documents & a summary of the properties historic performance.
It enables its investors to gain liquidity in an extremely ill liquid market & treat their real estate investments more like stock portfolios, focusing on asset allocation, rather than independently researching & evaluating various commercial real estate opportunities and investing portion of wealth in a single asset while reaping the benefits of direct investment and liquidity through a marketplace for initial offerings & secondary trades of all tokens created on the platform. .
Innovative Student Loan Solutions
Innovative Student Loan Solutions (ISLS) is a technology company that enhances the lives of employees of nonprofit organizations who have federal student loan debt. Our strategies eliminate up to 65% of student loan debt, saving on average $49,000 and immediately lower monthly student loan payments up to 88%.
ISLS generates revenue by charging fees to develop, implement and maintain the plans. Loan Forgiveness Program Student loans are the primary option to cover the rising costs of post-secondary education.
It is also a relatively painless process to obtain them. That is why the amount of student loans being borrowed has dramatically increased from 2004 to 2008, as the number of students that have borrowed at least $40,000 has almost doubled in just four years.
Unfortunately, repaying the debt is not as easy as acquiring it. Changes to the Federal student loan program have eliminated most discounts that were being offered on interest rates or opportunities for reduction in the loan’s principal balance.
In response to the increased growth in student loan debt, Congress passed the College Cost Reduction and Access Act of 2007 (CCRA). One of the provisions of the Act is the Public Service Loan Forgiveness (PSLF) Program, which allows for qualified borrowers to have their Federal student loan balances to be forgiven.
ISLS has realized that many qualified borrowers are not taking advantage of these programs, and is dedicated to creating and implementing a customized strategy that maximizes the Public Service Loan Forgiveness Program. Our mission is to enable clients to continue their higher education and make pursuing those advanced degrees more affordable; reduce the overall student loan indebtedness (monthly payment and reduction of principal) and simplify a complicated government process for our clients..
Clarity 2 Prosperity
Clarity 2 Prosperity is a financial training, coaching and IP development organization led by financial advisors, coaches, mentors and business leaders committed to simplifying the financial planning process and improving the financial lives of American families. Its mission is to help advisors shift from a transactional mindset and planning process to holistic planners and service providers, offering best interest advice by coordinating all areas of their clients’ financial lives including insurance, investments, tax, legal, Social Security and Medicare.
The foundation of the training, processes and resources is based on the philosophy of collective wisdom from a mastermind group, in which like-minded advisors learn, share and grow their businesses together. New business-building ideas are continuously tested in model offices and, once proven successful, scalable and repeatable, packaged into turnkey processes and added to the company’s innovative, university-style e-Learning platform for advisors and their teams to implement effectively..
Dimple Dough is the world’s most advanced cloud-based prepaid, gift, and credit and debit card management and innovation platform. The DimpleDough platform enables retailers and banks to implement innovative and efficient card programs.
The platform is integrated with leading processing, printing and fulfillment, and ecommerce partners and DimpleDough Solutions enable clients to easily integrate creative features and platforms including customization, ecommerce, smartphones, corporate cards, eGifts, and social media. Many of the world’s top merchants and banks use DimpleDough..
Managing money is hard. Most millennials don’t know how to budget, set financial goals, stick to them and save and invest.
This was a problem I had personally in my 20s. We are developing a modern savings and investment web and mobile app that helps millennials save and manage their finances effectively..
At VentureVilla Inc. we are a team of founders with experience in building startups, raising venture capital as well as running an accelerator program.
We are helping German Startup Entrepreneurs to build US companies in Boston. VentureVilla inc.
is based in Boston (MA, USA) we are privately run and easily accessible, so please get in touch.. .
CapSchedule.com enables businesses to easily manage their shareholder and debtholder records using our proprietary cloud-based Investor Relationship Management software. Finally you can get rid of those Excel spreadsheets and disorganized investor records! And with the advent of Crowdfunding, things are going to get even crazier.
So our team came together to create a service that entrepreneurs and business owners, along with their brokers and funding portals, can use to stay organized, manage compliance requirements, and communicate with investors.. .
Empowering financial advisors with the technology to withstand the test of time. Empowering their clients with the technology to better promote investment outcomes that will enable them to achieve their financial goals.
They accomplish this by licensing our technology to a select group looking to manage client portfolios using the most current market data, rather than outdated investment models. Exact Strategies’ technology utilizes sound mathematics and empowers each piece of your portfolios to identify and move towards productive asset classes or align volatility.
Traditional methods often penalize investors with predetermined allocations and prohibit investors from seeking safety in times of market stress, or opportunities in times of market growth.. .
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