Fintech or Financial Technology is a financial industry that uses technology to improve financial activity. Fintech is a new application, process, product, business models that are related to the financial services industry, and that are available to the public through the Internet.

Nowadays, to talk about economics and finance implies talking about Fintech, and this means a natural evolution of the financial markets that appeared 10 years ago when technology was applied. Fintech is a fusion of the words Finance and Technology.

Some advantages of Fintech companies

They created online payment systems, giving speed and lowering prices in traditional operations. Increase, through big data, customer information, about companies and about trends. It can be said that fintech companies created electronic money. They give security in terms of possession and transfers of goods. Here are some of the most recognized fintech companies today.


Company of American origin that is dedicated to reduce and simplify what is related to loans, offering a range of types of loans aimed at the entire market, going from small to large companies. This company in the sector has achieved growth in recent years.

Avant Inc, formerly called AvantCredit, is a private equity and financial technology company headquartered in Illinois, United States, was established in 2012 by entrepreneurs Albert Goldstein, Jhon Sun and Paul Zhang. They began as small lenders, personal loans from $ 2,000 to $ 35,000, with terms from 2 to 5 years. Avant has a transparent model with APR that vary from 9.95% to 36%. Avant’s technology applies automatic learning protocols, algorithms and analytical tools, and standard customer data, extracted to determine the rate, amount and duration to which cash loans can be granted.


German company that uses big data to identify each consumer and know what service he requires. It offers loans to people taking into account the creditworthiness, which is analyzed using their online data instead of using traditional credit rating information. Kreditech is headquartered in Hamburg, Germany, focusing its efforts on emerging markets, conducting operations in Poland, Spain, India, Russia and Romania.

Kreditech uses self-learning algorithms that perform large data analysis, calculate a customer’s credit score in a few seconds, use information based on GPS location, on social networks, on hardware data, on-line purchase behavior and general behavior of the client to determine its solvency and be able to grant the loan.


Financial company China, the largest in its country, and considered a giant in the management of financial assets with a high degree of risk control. Founded in 2011, beginning its activity with personal loans. Currently Lufax is in the process of diversifying its economy, becoming a larger platform that works in conjunction with funds, insurance company and holders of financial licenses. Its mechanism consists in making money by matching the lenders with the investors, charging a percentage of 4% for each loan. Lufax has granted more than 200,000 loans valued at 2.5 million dollars.

Ant Financial

It specializes in providing payment facilities to third parties, especially between individuals and small businesses. Initially it was called Alipay belonging to the Chinese group Alibaba. Ant Financial Services Group is a Fintech company with the highest value in the world for 150,000 billion dollars.

Its services are recognized worldwide, it operates with the largest mobile and online payment platform in the world. It has the sesame credit system, it is a credit rating of third parties. In September 2017, Ant Financial created the facial recognition payment system through its Alipay services, and a year later, in 2018, it launched the Ant Financial Technology brand, which covers all its technology products and services.

Mercury Cash

This company was created in 2016 and is located in Orlando, being the first company to obtain the license of Ethereum Money Transmiter in the state of Florida. since then it has been functioning as an exchange between critpto currencies (punctually ethereum, dash and bitcoin) and fiat money. This project was born to meet the technological needs that are invading the world of finance and that today is what really sets the tone in the way of doing business.

What do you think about this topic? Is there any fintech company that you would like to mention in this list?

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DISCLAIMER: This list is provided for informational purposes only. Services listed here have not been evaluated or endosed by the MERCURY CASH TEAM and no guarantees are made as to the accuracy of this information. Please exersice discretion when using third-party services.

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