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5 Companies Disrupting The World of Money

For every disrupted industry and category, hundreds of innovative startups seem to appear overnight. Some are better at others on capitalizing on the disruption. On revolutionizing old and dated systems. They aim to make the world a better place than how they found it. Customers (and fellow fintech companies like VoPay) take notice. 

Today we’re highlighting 5 companies in particular that are making the financial lives of customers—be they entrepreneurs, business owners, investors, or average consumers—better. 

5 disruptive companies making the financial world better

1. Qwil: Granting cash flow access to SMBs and freelancers

Cash flow can make or break a business. This is especially the case for small, medium and gig-based freelance businesses that rely on payments to make their business run from month-to-month. Many companies are popping up to fill this need, offering user-friendly and accessibly priced fintech services, along with access to capital. 

Qwil startup is doing just that, supplying on-demand capital and automated global payments to SMBs and freelancers. The company has raised over $160 million from financial companies and fintech investors to help improve the financial wellness of entrepreneurs around the globe. Qwil provides Liquidity as a Service (LaaS) and contingent workforce, giving its SMB users control over their invoicing and payments, and granting access to liquidity. More than 500 companies use their services for digital media financing, freelance marketplaces, and invoicing and payment automation.  

2. Currencycloud: Making global money transfers affordable and accessible  

Sending money between countries is worth some $700 million annually—and many innovative businesses are capitalizing on the globalization of remittances. Currencycloud is one of them. This London-based startup specializes in international payments and collections. 

Currecycloud has over 85 remittance APIs in 180 countries, allowing financial businesses to easily integrate its cloud-based platform and payment infrastructure into existing systems. This helps clients get paid, exchange currencies, and manage everything from digital wallet services to inbound and outgoing payments. Currencycloud recently raised $80 million to help take on the world’s Western Unions—and make international money transfers easier, more efficient, accessible, and affordable. 

3. FrontFundr: Democratizing Canada’s private markets 

Although private markets are growing faster and having higher returns than public markets, the average retail investor hasn’t been able to participate. FrontFundr aims to change that, leading the charge for the democratization of private markets in Canada. FrontFundr is Canada’s leading equity crowdfunding platform and exempt market dealer. 

Since its launch in 2015, the fintech’s community has over 15,000 investors and has raised over $20 million in its platform. The company anticipates raising nearly $15 million in 2020 alone through its investment crowdfunding platform. As of December 2019, FrontFundr has become an official participating dealer on DealSquare, which is Canada’s first-ever centralized dealer platform for private placements. 

4. Finhaven: Tokenizing and disrupting traditional capital markets 

Finhaven is set to revolutionize and disrupt the traditional capital markets, seeing their challenges as opportunities. This Vancouver-based fintech company is building a tokenized global investment banking and securities exchange platform for issuing, investing, and trading. It’s high-capacity cryptographic ledger and platform provide solutions for identified blockchain limitations. For them, the future of capital markets is in security tokens

Finhaven is focused on increasing capacity, liquidity, immutability, audibility, and, of course, security. Their technology will help customers (global issuers and investors alike) raise capital and trade faster and more cost-efficiently than ever before. They help companies access capital through digital currencies while enabling tokenized security and governance for any blockchain transactions. 

Learn more about tokenization and digital security in our recent post

5. Unimoni: Empowering customers with universal money

Financial services today are transcending boundaries, borders, currencies and channels. They aim to allow consumers to move money wherever it needs to be as quickly and affordably as possible. Unimoni is one company that’s leading the charge. 

Unimoni, part of Finablr, is a global provider of money transfers, foreign exchanges, payments and credit solutions worldwide. This company has in-store services, online and self-serve kiosks in countries across the globe—supplying a one-stop financial solution for its customers. It’s parent company, Finablr, spans over 170 countries, processed over 150 million transactions in 2018 and managed nearly US$115 billion for customers. 

Interested in learning about more innovative fintech companies? Read our 15 fintechs to look out for in 2020 blog.

Tags : Fintech CompaniesThe World of Money
Philipp Postrehovsky

The author Philipp Postrehovsky

VoPay CMO: Philipp is a product visionary, brand builder and an award-winning marketer who has been involved in the Vancouver tech scene for over 15 years. In 2013 he co-founded RentMoola, which continues to be one of North America's leading fintech companies with the mission to eliminate the rent cheque and modernize rent collection for the enterprise. Before that, he was a brand leader for Mogo Technologies and Wonga Canada and began his career at Electronic Arts. Most recently, he led the marketing team at Progressa which was No. 11 on the 2019 Growth 500 ranking of Canada's Fastest-Growing Companies. He is the founder of Grind For Kids, a program that raised over $1 million for BC Children’s Hospital Foundation and sits on the Board of one of BC’s top independent schools.

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