This article showcases our top picks for the best Utah 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 Utah Fintech (Financial Technology) Companies
SimpleNexus is a developer of homeownership platforms connecting loan officers, borrowers, real estate agents, and settlement agents. Providing a great mortgage experience means making that experience consistent, across all channels, and points of contact.
With SimpleNexus, information flows seamlessly between the web, phone, and tablet. It was founded in 2011 and headquartered in Lehi, Utah..
Nav is a free site and app that gives business owners the fastest, easiest and most trusted path to financing. The leading Business Financial Management app, Nav gives free access to personal and business credit reports from major consumer and commercial credit bureaus including Experian, Dun & Bradstreet, Equifax and TransUnion, and hosts a robust marketplace with more than 100 business financing products including loans and credit cards.
The marketplace uses a unique, lender-neutral approach to help business owners find the best financing options for their needs. Nav’s solution is also leveraged by other business service providers to enhance their customer experience..
Lendio develops a financial application designed to offer online loan service. Its offers a platform for connecting small-business owners with active banks, credit unions, and other lending sources, enabling start-ups and small size organization to get funding for their growth.
The company was founded in 2011 and is headquartered in Lehi, Utah.. .
Finicity is a developer of a real-time financial data aggregation and insight platform used to drive financial decision making. It aims to help individuals, families, and organizations make smarter financial decisions through safe and secure access to fast, high-quality data.
The company, which launched its first financial product in 2000, has since grown to provide financial data APIs, credit decisioning tools, and financial wellness solutions. Finicity partners with influential financial institutions and disruptive fintech providers alike to give consumers a leg up in a complicated financial world.
It has played a key role in innovative solutions like Experian’s Boost and it helps Rocket Mortgage by Quicken Loans access consumer-permissioned data for mortgage decisions.. .
Galileo Financial Technologies
Galileo is the company behind the tech that powers most fintech companies, financial institutions and investment firms in North America, Latin America, Canada, Asia, and Europe, delivering solutions in the complex world of payments and financial services. It is a flexible platform, handling thousands of financial transactions every moment of every day.
Galileo is the category-leading APIs and comprehensive back-office support empowers its clients to stay fully focused on creating the greatest value and best user experiences for their customers. Galileo clients using Fraud Protection experience fraud losses of approximately one basis point, on average.
That’s 80 percent lower than the industry average, which translates into a bottom-line difference of more than $400 per $1 million transaction value. Galileo Fraud Protection with AI is an accurate artificial intelligence for fraud, unleashing the power of machine learning on the massive amounts of transaction data that the company handles to detect previously undetectable fraud patterns and drive fraud losses even lower..
Divvy software gives you complete control and real-time visibility into company spending while eliminating the hassle of expense reports. Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports.
By integrating real-time tracking for every business transaction, Divvy provides organizations with instant insight into their spend. With Divvy, you can make informed cash flow decisions, curb losses before they happen, and never have to save a receipt again.
The company was founded in 2016 and is based in Lehi, Utah.. .
MX is a fintech data company that aims to connect people with their financial data in a way that automates their money experience. It enables fintech and all financial institutions with aggregating, enhancing, analyzing, presenting, and acting on financial data.
MX enables banks and credit unions to achieve record-breaking growth by winning their competitor’s most profitable account holders. As one of the fastest-growing fintech providers, MX drives customer-centric banking relationships by gathering and providing data upon which online and mobile banking partners and financial institutions can create and deliver next-generation banking applications and solutions.
Founded in 2010, MX delivers data aggregation, data cleansing, auto-categorization, classification, money management, custom API, data analytics, marketing, UI, and more. In addition, MX offers an extensive array of client services, ranging from training to custom marketing services.
MX currently partners with more than 600 financial institutions and more than 30 digital, online, and mobile banking providers — designating MX as a proven powerhouse in the fintech space.. .
Snap! Finance is a digital-finance company that specializes in providing consumer financing and rent-to-own purchase options. With over 10 years of experience in the financial industry, Snap provides merchandise financing to brick and mortar as well as e-commerce merchants.
The company’s lease-purchase agreement is an innovative financial product that gives 40% of consumers with poor credit an alternative to payday loans and other high-risk financial products to acquire needed or desired merchandise. Snap! Finance was founded in 2011 and is headquartered in Salt Lake City, Utah..
Everee is a full-service payroll platform that allows employees to pick their pay dates. This platform has all standard features of a payroll system, plus innovative experiences to save time.
It has a simple manager verification to avoid costly mistakes, automatic payroll runs, and easy file exports. It was founded in 2018 and is headquartered in Salt Lake City, Utah..
Atomic FI is a technology company that builds products that drive consumer engagement in financial services. It plans on launching a series of products, the first of which will be a balance transfer product for Credit Cards, HELOC’s, and potentially auto loans.
Each of its products will be designed to have an incredible user experience, and solve a pain point for financial institutions and fintechs alike. Atomic FI’s platform allows users to connect their payroll account using their payroll credentials eliminating frauds and manual processes through multi-step verification, enabling employees and businesses to conduct secure banking transactions efficiently.
Today the process is extremely manual and error-prone and provides a poor user experience. They solve that by increasing the speed of the payoff by 4-5x, and providing a user experience that far exceeds anything currently in the market..
Qube Money (formerly known as Proactive Budget) is a fintech startup company located at the base of silicon slopes in Pleasant Grove, Utah. Qube Money’s new app combines its digital cash envelope budgeting method with a full banking suite.
This unique banking experience puts intention at the core of each transaction making it easy for Americans to make purposeful decisions about their budgets in real-time. The app modernizes the outdated envelope budgeting system of previous generations by digitizing budgets into “qubes”.
Consumers then set limits for different qube budgets, like groceries, clothing, and entertainment. A physical Qube Money debit card gives shoppers access to their pre-budgeted qube funds.
This unique budgeting app helps consumers avoid overspending. When money in a qube is insufficient, shoppers are empowered to make in-the-moment budgeting choices about a purchase.
The app is engineered to support a variety of budgeting dynamics in the household. Couples can choose Qube Companion Cards to strengthen financial transparency and keep open communication about shared budgets.
Qube Money also offers an effective tool for families to track spending across different family members. With the help of Kid Cards, parents and children learn about responsible spending habits together.
Salty Dot Insurance Agency
Salty. is a hyper-growth insurance technology company that offers a platform for insurance.
Its embedded insurance offers peace of mind that clients get the right personalized coverage they need, right when they need it most. Salty makes the insurance process simple and transparent.
Their custom, real-time quotes lower the risk of life’s most important and sometimes stressful decisions. Mona Eliassen and James Hall established the company in Salt Lake City, Utah in 2019..
Blytz is THE natural financial progression in making the customer a priority. The mobile pay technology company was created to simplify payment processing for companies of all sizes utilizing technology in the most contemporary of ways.
The intent is for every busy customer to receive individual interaction that values their ability to control and respond in the modern age. Blytz as an organization is resolutely dedicated to enriching each business’s customer interactions by simplifying the process.
Then, delivered to the business, is useable response data specific to each business’s performance criterion. These actionable metrics, or Key Performance Indicators have become known as Blytz Mode™ and are an unequivocal way to measure success.
The team at Blytz is a brigade of experts in their respective fields. During onboarding collaboration, the Blytz professionals understand each business needs customized involvement.
This group of fierce trailblazers will never compromise the company commitment in doing good things for clients and building upon each growth milestone.. .
Solid# is a payments company that is specialized in real time employee disbursements. Solid# gives any employer the power to speed up the payment process through a simple payments gateway – eliminating the headache of cutting checks, keeping cash on hand or purchasing expensive gift cards.
Solid# offers debit card programs combined with an innovative online and mobile banking platform that allows users to create sub cards for any budget, load or unload their cards in real time, and send or receive money with anyone in the card network (P2P). The Solid# platform allows businesses to track disbursements, view real time transaction data, and connect transactions to their payroll or accounting systems.
Solid# focuses on making this process seamless, easy and efficient for employers everywhere. The company was founded by Adam Campbell and Michael Clark in 2018..
PayRent provides and an industry-specific platform for landlords to collect rent online. The platform help property owners and managers collect rent online faster, easier, and safer than ever before.
They comply with the strictest standards from the credit card and banking industries, keeping your financial information encrypted and away from prying eyes. It processes rent payments and keeps a history of all payments in the renter dashboard.
PayRent’s mission is to minimize the hassles and frustrations of being a landlord and a renter because they believe it will improve the lives of everyone involved.. .
Founded in 2010, Salt Lake City-based Fuze Network is a payments technology company that facilitates the movement of money onto any of the 1.5 billion U.S. bank-issued cards.
The opportunity to pay credit card bills, reload prepaid cards and deposit money to debit cards is enabled by calling Fuze Network’s API. Venture-backed and founded by payment industry veteran Dave Wilkes, Fuze Network routes money to card issuers and is directly promoted to cardholders by many of those issuers, including Citi Bank, First Premier Bank and Merrick Bank.
The service increases card usage and utility. The platform simplifies and speeds up the transaction process by eliminating manual entry of personal information on forms and does not require specific codes for card isuers.
The card number is all that is required to route money timely and accurately, eliminating errors from hand written forms. Fuze Network is empowering cash-preferred and self-banked consumers to take back precious time lost on other services.
They are providing tools to manage personal finances in an efficient, cost-effective way. Funds flow directly from the consumer at the time they choose to transact, deposit or cash their check onto the card account of their choosing, on their own time..
MoneyReef is a mobile applications development company building robust, innovative financial tools that possess an industry-unique combination of rich features, flexibility and ease of use. This combination empowers consumers to interact with their personal financial information in entirely new ways.
Because of its exceptional approach to product development and design, MoneyReef was recently awarded a winner of the 2012 Communication Arts’ Interactive Annual Awards. http://www.commarts.com/interactive/cai12/reimburse.html.
SpendPal is designed in collaboration with Dr. Dan Ariely’s world famous behavioral science lab, the Center for Advanced Hindsight (CAH), at Duke University.
With the help of the CAH’s team of researches and the lab’s generous investment, we have designed SpendPal to leverage concepts such as choice architecture, mental framing and others to create a banking environment that helps people naturally make better decisions with their money. Here’s how it works: Instead of viewing your money all lumped together in a single checking account, SpendPal shows the money you have on deposit, divided into Categories that are meaningful to you.
When you open the SpendPal app on your phone and select a Category for spending, your next purchase is automatically deducted from that category as soon as you swipe your card. Backup Categories are one of SpendPals best features.
Backup Categories are displayed directly below the Category you selected for spending and show you exactly what Category (or Categories) money will be stolen from if you overspend. For example, if you select your Clothing category and see you don’t have enough money to buy a new pair of shoes, you might also see that if you buy the shoes anyway, the money to complete the purchase would be stolen from your daughter’s birthday category.
Seeing something important you’d have to give up helps you avoid overspending on things you’d regret and helps you save more money for the things that really matter most to you.. .
Associated Reporting Group
ARG, a lender services company, takes advantage of technology to enhance and change the lending process in relation to third party services. Lending, and in particular, mortgage lending, has been lagging in the use of technology to improve the quality, speed, and accuracy of lending and processing of loans.
It uses technology to provide real-time solutions for lenders and third party providers. Lenders currently rely upon a wide variety of manual and antiquated systems to perform most functions.
The company was founded in 2014 and is headquartered in Cottonwood Heights, Utah.. .
Zoonova Portfolio Performance Analytics.
If you are looking for a Financial Application with a wide range of content, professional grade real time data, analytics on the portfolio/position level, and Portfolio Tracking, then choose Zoonova.com… There is no substitute. It was built from the ground up by founders with 20+ years in financial software development and cross asset trading.
Leveraging our deep understanding of the most complex financial asset classes, ZooNova.com provides users with tools far beyond any financial terminal, website, or app – all while being remarkably affordable. ZooNova.com runs within the cloud, on any web-enabled device, and uses a real time market data feed from Investors Exchange (IEX).
Literally thousands of news stories from around the world are updated in seconds, broad asset coverage that includes Stocks, Derivatives, Fixed Income, Currency, and more are covered for Valuation, P&L, Risk, and Price. Unlimited Portfolios can be created for broad asset coverage that includes Stocks, Derivatives, Fixed Income, Currency – and includes extensive analytics and risk analysis.
Tear sheets and “health reports” on the security and portfolio level cover Financials, Price Target, Valuation, Risk, Stress Test, Sentiment Analysis, Analyst Recommendations, Factor Analysis, Monte Carlo Simulation, Portfolio Optimization, VaR, etc. And, literally, thousands of news stories from around the world are updated in seconds.
ZooNova.com: Powerful yet affordable… There’s nothing like it.
LoanPro Software® is a web-based, loan-servicing application, designed for and entirely hosted on the Amazon Web Services (AWS) cloud. Built on its own API, LoanPro® provides a dynamic, versatile, lending solution unlike anything else in the Fintech space.
LoanPro securely stores and tokenizes payment data under a PCI-DSS Level 1 AOC security certification. LoanPro also offers integrated services from well-known providers to aid in the lending process..
Taxbot automatically tracks your mileage using the GPS in your smartphone. All you need to do is classify it as business or personal for bulletproof mileage records that will save you big money! Taxbot allows you to take crisp photos of your receipts and then requests the appropriate information for that expense to be tax compliant.
Forget the chaos of lost or misplaced receipts. Approach April 15th with confidence knowing you are fully documented and compliant..
CrowdEngine is a Software-As-a-Service (SaaS) crowdfunding platform that was designed to offer the most advanced crowdfunding solution to any organization in the rapidly growing product/reward, non-profit and investment crowdfunding markets, with a special focus on custom concept creation and full IT management services. CrowdEngine has grown rapidly through internal development and acquisitions, and currently hosts over 75 crowdfunding platforms.
Our custom development, launch support, & dedicated project managers set our clients up for success when time and money is on the line.. .
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX) is a provider of online Forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online. Unlike other offâ€exchange retail foreign currency brokers, IBFX has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care.
This has led to longerâ€term relationships and to numerous awards and industry accolades, including Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc 500. IBFX serves more than 35,000 clients from more than 140 countries around the world and has supported a trading volume in excess of US$80 billion in a single month.
The company is regulated as a member of the National Futures Association and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant.. .
We provide our customers & partners with enterprise-level transaction monitoring and processing platforms. We provide a wide array of payment processing services, payments routing, settlement services, transaction monitoring and compliance and access to 3rd party payments and financial networks for onward settlement.
Our clients and partners include traditional money transfer services, money services businesses, ATM/POS Network Operators, Payment Services Providers, Payment Network Operators, Exchanges, Banks, MTOs/MNOs, etc. We are duly licensed by various US States for money transmission services..
Zions First National Bank
Zions First National Bank was founded in Salt Lake City in 1873 and continues its legacy of strength and stability as one of the oldest financial institutions in the Intermountain West. To bring value to individuals, small-to middle-market businesses, nonprofits, corporations and institutions, Zions Bank provides a wide range of traditional banking and innovative technology services.
Through its network of 125 full-service financial centers across Utah, Idaho and Wyoming, the bank offers consumers a range of mortgage and home equity loan options, AmaZing Rewards:registered: credit cards, Private and Executive Banking services, and online and mobile banking. Dedicated to supporting economic development in the communities it serves, Zions Bank is a consistent market leader in US Small Business Administration lending and is known for its local decision making.
Companies can find solutions through the bank’s range of commercial loans, international banking services and award-winning Treasury Management solutions.. .
Kornerstone Credit is a consumer financing company that uses mobile and cloud-based solutions for retailers to help them provide their customers with the option of paying for merchandise over time using the lease-to-own program. It was launched in May 2018 founded by 100+ team of leading industry veterans, technology experts, and financing professionals.
It is headquartered in Draper, Utah.. .
Founded in 2011, Convenient Payments LLC d/b/a IntelliPay a leader in end-to-end payment solutions. IntelliPay is disrupting the payments processing industry with our intelligent cloud-based payment platform and alternative payment models.
We offer the most complete payment processing solution for industries wanting to accept credit/debit card and ACH/ECheck transactions in person, over the phone, online, mobile or through our automated recurring payment module. Our vast experience in payment processing makes it easy to quickly customize a massively scalable PCI-DSS Level 1 payment acceptance solution that integrates with your current back-end systems and processes.
Working with their consultant and our experienced team, IntelliPay clients routinely experience streamlined processes and efficiencies that result in cost savings in both processing time and fee expenses. Let us do the same for your organization.
IntelliPay has deep experience across a variety of verticals and is a trusted provider to: Small & Medium Businesses and Enterprises Governments & Municipalities through our GovTeller product School Districts, Colleges & Universities Healthcare Providers & Medical Practices Fertility & Reproductive Health Clinics Cosmetic, Traditional and Non-Traditional Dental Practices Law Firms Utilities Unions Merchants Non-Profits To learn more about how we can take the complexity out of payment acceptance for your organization, talk to one of our knowledgeable consultants. Whether a small company, government office, or a large corporation, we work alongside every client to enable and integrate payment solutions that work with current systems and improve financial performance.
And, IntelliPay is more than just a payment gateway, we’re a stand-alone cloud-based end-to-end payments platform that does not require proprietary merchant accounts or equipmen. .
Neovest develops and markets network and Internet-based, world-class technology for brokers, investors and active traders. This technology features real-time data analysis, decision support and securities trading software solutions designed to enable users to execute more informed and timely decisions.
The company markets its products to active online investors through online trading and brokerage firms, and to active individual investors and professional traders, such as money managers and institutional traders, both directly and through alliances and partnerships.. .
Prosper Healthcare is a SaaS-based company that uses technology to bring innovative financial services solutions for healthcare-related problems. The company offers an online patient financing platform that allows healthcare providers nationwide to make healthcare affordable for patients by offering high-dollar installment loans to individuals with good credit.
Prosper Healthcare was founded in 2009 and is based in Salt Lake City, Utah.. .
uGenius Technology, LLC provides personal transaction technologies. It offers uGenius Video Banking System that allows agents to remotely conduct various transactions, such as cash and check deposits; check cashing; cash, coin, and check dispensing; account payments and transfers; new account and loan initiation; and other service inquiries via a video banking device.
The company also provides uGenius hardware, such as uGenius Personal Teller Machine Kiosks that include deposit, dispense, and communication capabilities for video banking; and TellerPrompter, a plug and play unit that enables video banking agents to look directly into the camera while speaking to the customer. In addition, it offers uGenius SmartOFFICE, a furniture and technology solution that is custom built to coordinate with existing brand for offices in high schools, hospitals, and clinics; and uGenius SmartBRANCH Solution that deploys uGenius Video Banking System, uGenius SmatOFFICE, and TruRetail Environments.
Further, the company provides consulting, core integration, custom development, creative, training, and support and installation services. uGenius Technology, LLC was formerly known as uGenius IP Holdings, LLC.
The company was incorporated in 2007 and is based in Sandy, Utah. As of December 31, 2012, uGenius Technology, LLC operates as a subsidiary of NCR Corp.
TippingCircle is a software service that enables its users to send and receive personal payments with their social connections. Its users have the ability to exchange money with their friends with no fees, setup group payments for events, and run fundraisers using tipping buckets.
Operated from Cedar Valley, Utah, TippingCircle was launched by James Davis in 2012.. .
Justice for Jenny
FundAnything is the leading crowd funding platform that helps provide person-to-person financial support for any cause. This free online fundraising service allows participants to share their story or explain their cause before tapping into their social network to quickly and securely reach their goals.
With FundAnything there are no hidden fees, bills or requirements. No matter what your cause, there’s no limit to what you can do – or how much money you can raise – with FundAnything.
History FundAnything was founded by serial entrepreneurs Bill Zanker and Scott Tilson in July of 2012. The company is based in Park City, Utah and New York City, New York..
B.O.S.S. Retirement Solutions
B.O.S.S. Retirement Solutions is a financial services platform providing retirement planning services.
The company assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. Founded in 2008, B.O.S.S.
Retirement Solutions is headquartered in Lehi, Utah.. .
The Quintric monetary system combines the best aspects of precious metals, cryptocurrencies, and legal tender into one revolutionary, patent-pending, medium of exchange. Harnessing the stability of gold and silver, the technological prowess of cryptocurrency, and the legal standing of the U.S dollar (Quint and QuintS tokens only), Quintric addresses challenges ranging from inflation to deflation, from carrying costs to currency exchange rates, and from transparency to transaction times.
The system’s design and implementation represents the combined efforts of leading monetary reform experts determined to succeed in finally creating cryptos that can actually function as usable currency. Each of the five interoperable, yet independent, specie-based tokens constitutes a vital piece in completing that elusive crypto puzzle: Quint; QuintS; iQuint; iQuintS; and QuintX..
ShareNPay is a social payment company that believes financial transactions are a social activity. With ShareNPay, anyone can easily build a social payment network to pay and collect money from friends and family.
Our users can communicate with anyone in their network to split, discuss, agree, and approve transactions, as well as check their transaction history. Browsing the internet through our integrated web browser also allows users to share links and propose group activities.
Our customers tell us that ShareNPay is a cool, ‘must have’ solution.. .
Fundeazy is a licensed Professional Fundraiser that brokers sponsorship donations from local companies to financially support youth groups, teams and clubs. Kids earn their donations by rallying supporters who qualify for virtual sales meetings with sponsoring companies.
Local businesses get the opportunity to sit with potential customers in performance-based marketing while supporting the community. The platform is designed specifically for youth with Campaign Managers are assigned to each organization to maximize success.
The backer rewards program is proven to increase donations compared to fundraising platforms that just beg for cash. The sponsorship program for lead generation targets B2C industries resulting in dramatically increased fundraising for the youth organization with superior marketing performance for sponsors.
FundEazy is the Anti-Fundraiser. As former BSA Scout Masters, the Founders witnessed firsthand teams who could not raise enough money for fees, training, travel, equipment, and other expenses.
Dreams can be lost and parents take on a large financial burden to support their children who want to participate in extra-curricular activities, but can’t. The Founders saw countless fundraising companies arise that took advantage of the kids and their parents with high fees, unwanted products and the companies retained most of the money collected.
The Founders knew they could find a better way to help kids participate in their passions. The Founders built and launched FundEazy, a complete digital way to raise money for youth teams or groups..
Crack the Crowd
Crack the Crowd is a marketing agency specializing in equity crowdfunding. We help issuers and crowdfunding ventures develop the strategies and marketing assets they need to Test the Waters and launch their campaigns—from Regulation Crowdfunding, to Regulation D, and Regulation A+.
We help our clients extend their investor reach through smart, data-driven marketing and digital campaigns.. .
MoxyMetrics uses social media integration and gamification to engage millennials with online banking. Users can set and track savings goals through their online banking.
We align the user’s goals with the bank’s products by giving them ‘steps’ to achieve their goals. Effective game mechanics motivate product adoption and usage.
Affiliate and referral deals build customer loyalty. Customer Engagement + Non-invasive Marketing = Money for Banks & Better User Experience.
You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.