3 fastest growing Financial Technology companies in Seattle

By Pavithra R

Far from being an exception, Seattle is witnessing rapid growth in its FinTech ecosystem. Below is a list of 3 fast-growing FinTech companies changing the fintech landscape in the region.

Coinme

Founded in 2014, Coinme is a leading digital currency exchange on a mission to make digital currency more accessible for everyone. The firm has held the belief that cryptocurrency is an economic tool of empowerment that the world should have access to.

In 2014, Coinme became the first state-licensed Bitcoin ATM company in the U.S. and now operates the largest Bitcoin kiosk network through a partnership with Coinstar. It also operates the largest cash to cryptocurrency exchange network powering more than 5,900 bitcoin-enabled Coinstar kiosk locations in 45 states.

The FinTech’s vertically integrated network of cryptocurrency kiosks, digital wallet, and private client services provide customers an easy, secure, and efficient way to buy, store and transfer cryptocurrencies.

Remitly

Founded in 2011, Remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally.

Being one of the largest independent digital remittance company, Remitly makes international money transfers more transparent and more affordable through its global network. Its reliable and easy-to-use mobile app makes the process of sending money faster, easier, more transparent and less costly by eliminating the forms, codes, agents, extra time and fees typical of the traditional, century-old money transfer process. The FinTech also offers a variety of ways to withdraw or deposit money, including bank deposit, cash pickup from thousands of locations, mobile transfer and even home delivery.

Possible Finance

Founded in 2017, Possible is on a mission is to bring financial fairness to underserved communities. It is a technology company that provides people with the financial tools to overcome day-to-day challenges, protect themselves in an emergency, and build towards a better future.

The firm offers flexible short-terms loans intended to offer a mobile-only loan that is repaid over time and aids to build credit. Through its mobile app, Possible Finance provides a friendlier alternative to payday loans that’s less expensive, easier to repay, and builds credit. Using the Possible Finance app, people can apply for loans without a credit check and receive funds the same day. The FinTech has built a unique credit assessment model that leverages new data sources to effectively stratify risk for credit-challenged individuals. It links to a customer’s bank account and uses machine learning (ML) for financial transaction data analysis and makes credit risk decisions rather than relying on FICO credit scores.

Also, read US Financial Services Technology Market Report