3 FinTech companies to watch out for in Texas

By Edlyn Cardoza

When you think about finance or FinTech, Austin might not be the first city that comes to mind. But the reality is far different from what we may assume. Austin is an emerging centre for FinTech. Entrepreneurs are seeking to create new ways in approaching this age-old industry. 

Dallas is one of the nation’s leading businesses hubs and has naturally also boasted the financial industry. This western metropolis, like other tech capitals in the US, has played a huge role in expanding the country’s FinTech sector. 

FinTech companies in and around Texas are taking different approaches to reshaping the financial sector. While one FinTech might be developing a novel way to make life insurance more accessible, another is reshaping the world of digital banking. Here are 3 FinTech companies in Texas to watch out for. 

Billd: Tackling one of the biggest pain points in the construction industry, Billd offers commercial subcontractors financing terms that finally align with their payment cycles. Supply chain finance has long been broken in construction, leaving contractors footing the bill for materials and labour far before they are paid for their work. With a flagship product that offers 120-day terms on material purchases, subcontractors can now improve their cash flow to take on larger projects, finish projects faster, and grow their business.

Mozido: Mozido created a mobile financial services platform that helps people manage money easier and cheaper than traditional methods. Using just the mobile phone, customers of Mozido’s platform brands can buy goods, make payments, and send money more conveniently and at a lower cost than using a bank or a credit card. More and more people worldwide are choosing to manage their money themselves, via their mobile phone, instead of relying on and paying fees to traditional financial institutions. It’s these people – the unbanked and underserved and those who realize we are all underserved by today’s traditional financial models – which Mozido serves best. Mozido’s mobile payments platform includes mobile financial services, city services, loyalty programs, and financial services and retail solutions. Our cloud-based platform is highly interoperable, can work with virtually any wireless carrier or mobile device, and can integrate with mobile offerings from other vendors. 

Self Financial: Self (formerly Self Lender) is a venture-backed FinTech startup with a mission to help people build credit and savings. With their step-by-step credit building process, Self-builders could access the Credit Builder Account and the Self Visa® Credit Card with no hard credit inquiry. These tools enable them to build the credit they need to build the life of their dreams. Self is helping thousands of people begin their financial journey with a Credit Builder Account. They believe strongly that a customer’s success is tied to various factors beyond just a financial product. 

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