3 impactful FinTechs based out of Washington

By Edlyn Cardoza

FinTech’s role in society is becoming more vital than ever, mainly due to Covid-19. FinTech can be used anywhere, by anyone meaning it becomes accessible to people who may never have taken advantage of financial services before. Through access to essential financial services such as mobile money and e-wallets, FinTech companies are helping lift people out of poverty and create a more financially inclusive world.

The pandemic gave rise to the digital era across the world, which was quickly adopted by everyone. Companies, too, gave a push to technology by offering more mobile banking options to more people using mobile banking services, and it’s a cycle that constantly pushes FinTechs ahead.

The FinTech ecosystem is filled with disruptive companies across payments, digital banking, lending sectors, etc. Employing AI, big data, and even blockchain, both new and old financial institutions are using tech to solve longstanding issues.

Below are 3 Washington-based FinTechs:

• DigniFi

In 2012, DigniFi set out to redefine vehicle financing by removing the barriers everyday people encounter. Today, they offer access to fast and flexible financing options that help customers get what they need now and help businesses grow revenue down the line.

DigniFi puts the application process in the customer’s hands where they need it most – at vehicle dealers and independent repair shops across the country. From urgent vehicle repairs and services to accessories and products, our process provides a contactless method and on-the-spot decisions to get customers rolling.

• doxo

Since its inception, doxo has been on a mission to simplify and reduce the anxiety of staying on top of bills, empowering consumers to improve their financial health. doxo was founded on the simple idea that there should be an easy and more secure way for consumers to pay all their bills through a single account, with any payment method, on any device. As a privately funded company, doxo investors include Jackson Square Ventures, Mohr Davidow Ventures, Sigma Partners, and Bezos Expeditions.

• Remitly

Remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally. Remitly’s digital products are fundamentally faster, less expensive, and more convenient for customers to send money across borders.

ALSO READ: Global Digital Banking Vendor & Landscape Report Q2 2022