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Disrupting the Payments Industry: What Are the Most Promising Fintech Startups of 2020?

Disrupting the Payments Industry: What Are the Most Promising Fintech Startups of 2020?

It’s hard to argue with the observation that financial technology is currently one of the brightest stars in the startup sector and that means there are some very dynamic fintech companies making great strides in growing their business model.

Here is a look at some of the most promising startups of that vibrant sector.

A cryptocurrency star

Cryptocurrencies have been threatening traditional financial markets for some time and the likes of Bitcoin are threatening to become as mainstream as traditional currencies.

BLADE warrant their place in a list of promising fintech startups as they are receiving positive reviews for their work in creating a new foundational layer for cryptocurrency markets.

The payments industry, in general, could potentially be transformed by the technology offered by BLADE.

Opening up markets to all

Financial trading markets and platforms have been operating in much the same way for decades but Cadence is determined to try and provide alternative investment opportunities that are not just restricted for institutions.

What Cadence is aiming to do with its technology is to give ordinary investors the chance to access short term investment scenarios that have traditionally been the preserve of institutions.

The significance of this move is the fact that for a small investment you could be enjoying the sort of returns that are not normally accessible for ordinary investors.

Doing it properly

One of the key issues attached to blockchain technology is the fact that legislation has been slow to keep up with the pace of growth that this particular sector of the financial industry has enjoyed.

A startup known as Securitize has taken aim at the compliance aspects of blockchain technology and brings everything together in order to achieve a good level of compliance.

The secret behind its success is it’s highly innovative Digital Securities Protocol which ensures compliance across a plethora of financial markets.

Shaking up the global card payment processing industry 

Another startup that is getting noticed is Radpay, and they have filed some patents that reveal the extent of their ambitions to shake up the multi-trillion-dollar global card payment processing industry.

The fundamental aspect of what Radpay is delivering is a bridge between distributed ledger technology and relevant PCI-compliant card payment so that the best of both worlds can be achieved.

Based around Ethereum, Radpay embraces all that blockchain technology has to offer and offers to almost reinventing the wheel by offering a new way to look at payment technology, offering a solution to key issues such as security and convenience.

When you consider the promise offered by these fintech startups highlighted it should not come as a surprise that this is an industry that continues to grow, attracting almost $20 billion of venture capital funding in the last 12 months.

Established fintechs who have already had the backing of venture capitalists include the likes of Stripe, who have an estimated value of over $35 billion, and maybe some of the startups mentioned will even go on to surpass this number.

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