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Fintech In B2C – Top Innovators And Their Impact

Fintech has already offered a promising future to plenty of industries today. In this article, we will see how B2C businesses are getting an edge by adapting to the latest financial technologies.

Several Fintech innovators are disrupting the financial space. On one hand it has eased the payments for the end consumers and on the other hand, it has given a competitive edge to various businesses. And, it is not wrong to quote that Fintech start-ups have exploded in the past one decade and we are yet to see a lot coming in the next few years.

Read More: GlobalFintechSeries Interview with Kimberly Sutherland, Vice President of Fraud & Identity Strategy at LexisNexis® Risk Solutions

Fintech companies are rigorously improving and fine-tuning the financial space. Right from easing access to bank accounts to credit filling and changing the conventional payment methods, Fintech has revolutionized a lot. The best part is, these Fintech companies are consistently experimenting and bringing new alternatives to the traditional financial products and services businesses and consumers are used to. Fintech is becoming the strength of every industry including B2C.

The B2C industry is more consumer driven and these consumers look for easy access to things. Today’s Fintech apps challenge the cash and other forms of conventional payment methods making it easier for consumers to clear their purchases and payments in a jiffy. The more the companies adapt to the latest financial trends, the better are their chances to grab the attention of the consumers.

Here are some of the top Fintech start-ups that are adding a boost to B2C players in the market:

  1. Stripe

Stripe is a very popular name in the Fintech Industry and every business, big or small, benefits from Stripe’s software and API to send and accept payments. Stripe is a great help to manage businesses online. As this software is for all kinds of business, the B2C businesses can take leverage from the features of this Fintech start-up. Stripe can manage recurring billing and subscriptions, facilitate multi-party payments and let the customers have a great experience dealing with the business online.

  1. Paystack

Based out of the African continent, Paystack is helping businesses in Africa to accept payments from anywhere in the world. This Fintech platform is trusted by more than 60,000 businesses including MTN, Domino’s, AXA Mansard, Bolt to name a few. The wide range of its features include easy payments, allowing the customers to have a seamless payment experience, the transaction rates are phenomenal, comprise of well documented APIs.

  1. Circle

Circle is known as the payments and treasury infrastructure for the internet. Circle is designed with the only aim to help internet businesses achieve their objectives. Circle is a global Fintech platform offering all kinds of online businesses the kind of financial infrastructure that they have always needed. The Fintech platform is seamlessly connecting the world of digital money including blockchain.

  1. Ripple

Ripple helps businesses move their money to any part of the world hassle free. Hundreds of financial institutions are choosing Ripple for not only a better payment option but also to grab an economic opportunity to deal with complex financial payments. The list of its esteemed clientele includes American Express, Money Gram, Pontual, Standard Chartered, IndusInd Bank, Azimo and many more. Its interface is power packed with modernized messaging, better liquidity solutions and decentralized infrastructure for an easy passage for payments from around the world.

  1. NuBank

NuBank is a renowned name in the Fintech space and the digital bank has revolutionized the way online payments were made a few years  ago. The digital online bank offers incredible ways to create an online account and it gives the user complete control over what should happen to the money in the account. Nu Bank is safe and uncomplicated.

  1. Monzo

Monzo is a bank to make the complex banking processes easier and hassle free. Monzo entered the Fintech space to offer an all-inclusive online bank account without even taking one step out of your comfort zone. With its interactive app, the user can save, spend and manage all their money at one place. This digital bank is for individuals and businesses alike. The bank is fully regulated under the UK laws and comprises of an award winning customer support service.

  1. Chime

With Chime, the brick and mortar banks have been disrupted, Chime offers hassle free online banking with no hidden fees. Chime offers its users a comprehensive banking app to track their balances, check daily transactions, and their savings from any place in the world. It makes it easy for any user to accept and transfer payments at just one click.

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