This article showcases our top picks for the best Connecticut based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Connecticut Fintech (Financial Technology) Companies
Horizon Technology Finance
Horizon is a venture lending platform that offers structured debt products to life science and technology companies. Its team of investment and operations professionals has been providing debt capital to some of the most exciting companies for decades.
The members of the Horizon team have, collectively, originated and invested more than $5 billion in venture loans to thousands of companies. The company was founded in 2003 and is headquartered in Farmington, Connecticut..
Covr Financial Technologies
About Covr Financial Technologies Founded in 2016, Covr offers a full suite of digital life insurance platforms, tools and planning services for financial institutions, including: Covr Advisor for financial advisors, Covr Consumer for offering insurance products directly to customers financial institutions and Covr Insights for inforce policy management. Covr currently serves over 24,000 financial advisors and 13 million customers across 30 financial institutions including wealth management firms, RIAs, IBDs, banks, credit unions, personal finance apps and P&C agencies.
Covr’s investors include leading venture capital firms: Nyca Partners, Commerce Ventures, Allianz Life Ventures, Connectivity Capital Partners, Contour Venture Partners, Connecticut Innovations and Fairview Capital. Covr’s Advisory Board includes financial services leaders including Brian Finn, former president of Credit Suisse First Boston; Sallie Krawcheck, CEO of Elevest and formerly at Citigroup and Smith Barney; Hans Morris, managing partner, Nyca Partners, chairman of Lending Club, formerly president of Visa; Brady Dougan, former CEO of Credit Suisse; Gregg Fleming, CEO of Rockefeller Capital, Bob Kerzner, formerly CEO of LIMRA and Joe Plumeri, formerly of Smith Barney, FirstData and Willis Group..
Continuity is a leading provider of Regulatory Technology (RegTech) solutions that automate compliance management for financial institutions of all sizes. By combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate compliance risk at a fraction of the cost.
Our solutions are designed to automate all aspects of compliance management, from interpretation of regulatory issuances through intuitive task delegation, vendor management, and board reporting. Continuity serves hundreds of institutions across the US and its territories.
Continuity is a Compliance Management System for community banks and credit unions. Engineered to reduce the time, cost and risk impacts of regulation, this unified system automates the entire regulatory lifecycle — managing regulatory updates, policies, procedures, risks, vendors, audits, business continuity, exam preparation, compliance strategy, and planning..
Payrailz is a digital payments company that offers advanced bill payment and money transfer solutions to banks and credit unions. Its AI-driven digital payment platform combines with our Paywaze engine deliver smarter payment experiences through online and mobile channels, voice-enabled devices, interactive messaging, and payment bots.
The company was founded in 2016 and is headquartered in Glastonbury, Connecticut.. .
Coegil is a B2B/C fintech startup that helps anyone load, visualize, and predict with their data in seconds. Load data from your desktop, data warehouse, or 3rd-party sources, build sophisticated machine learning models, and share results using the best tools available.
Made for those on the path from Spreadsheets to Big Data who have limited internal resources or tight budgets. Doing complex analysis and working with large datasets is difficult and time-consuming in spreadsheets.
While big data tools are complex to set up, expensive to operate, and over-powered for most tasks. Coegil offers an integrated suite of the best data science tools for data wrangling, modeling & sharing your results whether you are a hardcore data scientist or spreadsheet user.
Coegil is simple to use, uncompromising for experts, ready for big data and made for remote teams. We offer the data expertise you need so you can start making great data-driven decisions immediately..
Lumesis, Inc. is a financial technology company focused on providing business efficiency, data and regulatory solutions for the Municipal marketplace under the DIVER brand.
Providing access to hundreds of datasets, DIVER solutions leverage the most current economic and demographic data available from both public and private sources. Our solutions are tailored to address the unique needs of our clients comprised of U.S.
Banks, Broker/Dealers, Asset Managers, Insurance Companies, Hedge Funds and others. The DIVER Brand DIVER Analytics a suite of powerful dashboards, analytical and visualization modules leverage our robust database to help you address the realities of the Municipal marketplace: stale financials, economic and fiscal uncertainty, limited or infrequent ratings and limited use of bond insurance.
The Analytics solution provides access to hundreds of datasets from more than 50 sources and offers you the ability to analyze and assess the drivers of municipal economies. DIVER Advisor comprehensive Municipal Bond Report, account monitoring and credit information platform designed to drive business efficiencies and support evolving regulatory needs.
Helps address time-of-trade disclosure, supervision and suitability as well as sales and portfolio management obligations (MSRB Rules G-47, G-19 and G-27). DIVER Data Services employs DIVER’s expertise in data aggregation, quality-control, analysis and delivery.
The Data Services solution eliminates time intensive data gathering and research and provides you with our data or custom datasets formatted and delivered to your platform. Leverage our team’s experience and expertise in aggregating and managing hundreds of datasets from over 50 sources..
Rellevate is a financial services company dedicated to empowering consumers through innovative services that allow consumers to access, move and use their money anytime, anywhere. Rellevate’s products, offered primarily via employers, include a Digital Account with interest with Pay Any-Day, Bill Pay, and Send Money.
Rellevate is focused on helping employers improve employee retention, reduce turnover, boost satisfaction, and loyalty by enabling empowering consumers to take greater control over their finances via its product suite.. .
New Silver is a tech-first non-bank loan originator, with a vision of making the private lending process fast and easy for the borrower. New Silver’s technology allows borrowers to get approved for a loan online, in under 10 minutes, and close within 7 days, often avoiding the cost and time of doing an appraisal.
Technology and strong customer relationships give New Silver an edge in addressing the $70bn per year “fix and flip” real estate-backed lending space.. .
WealthConductor’s game-changing advisor services platform is called IncomeConductor. IncomeConductor is a comprehensive income distribution strategy, not a single product solution.
The platform provides financial professionals the ability to create, track and manage customized income plans that deliver a structured yet dynamic withdrawal strategy to their clients throughout the next phase of their lives.. .
TaxCloud is an internet-based sales tax compliance service that is free for retailers because the company is paid by the states as a Certified Service Provider to many state Revenue Departments. TaxCloud automatically keeps track of how things are taxed differently across all the states, automatically recognizes sales tax holidays, integrates easily with shopping carts and ordering systems, and helps online retailers instantly calculate, collect and remit sales tax.
With TaxCloud, even the smallest of businesses can easily manage sales tax in one state or all states – at no cost. Perhaps more important than the free price tag, is the fact that TaxCloud has already been certified by many the states, which provides the retailers significantly reduced compliance risk (via indemnification, limitation of liability, and audit relief).
In such an environment businesses need a trusted and stable compliance partner capable of easily handling their current obligations, but also a solution that can scale to handle any additional obligations they may have in the future. TaxCloud is trusted by more than 26,000 online retailers every day (and adding more every day).
Our mission and message is simple: We believe no retailer should have to pay to comply with sales tax obligations because most jurisdictions are eager to ensure their sales taxes are collected correctly and remitted timely. By shifting the efforts of compliance back upon the states, TaxCloud has inverted the traditional tax technology marketplace, making sales tax compliance easy (and even free) for retailers of any size.
With more than 26,000 merchants on board, we have proven this business model works in the US, and we are now developing plans to expand our footprint of operations to non-US jurisdictions.. .
Fortress Risk Management
Fortress Risk Management offers technology and intelligence services to protect community banks and credit unions from financial fraudulent activities. It helps its customers avoid the negative circumstances created due to financial crime.
Through its solutions and services, the company enables financial institutions to better maintain risk management and reporting, lower overhead costs, and control reputational damage when events occur. The company’s Rampart Intelligence Platform includes five modules of solutions that are based on behavior: AMLWatch, PayWatch, CheckWatch, CardWatch, and InsiderWatch..
AQR is a global investment management firm built at the intersection of financial theory and practical application. They strive to deliver superior, long-term results for Their clients by seeking to filter out market noise to identify and isolate what matters most, and by developing ideas that stand up to rigorous testing.
Underpinning this philosophy is an unrelenting commitment to excellence in technology — powering Their insights and analysis. This unique combination has made us leaders in alternative and traditional strategies since 1998.
AQR takes a systematic, research-driven approach, applying quantitative tools to process fundamental information and manage risk. Their clients include institutional investors, such as pension funds, insurance companies, endowments, foundations and sovereign wealth funds, as well as financial advisors..
Private Client Resources
Originally founded 15 years ago as Private Client Resources (PCR), we have decades of experience serving the wealthiest families in North America. In 2018 we combined this experience with major investments in technology and leadership to address the most pressing problem of many wealth advisors – the ability to power a new generation of digital wealth technology with efficiently managed high-quality data.
Today, we are a rapidly growing financial services technology company with over $250B in aggregation trusted by the most important private banks, advisors and families in the world. Our award-winning wealth information management platform, combines data aggregated from more than 400 custodians with alternative transactions curated from the investor communications of almost 4,000 managers.
ILLQUID AGGREGATION – Replace the manual collection, entry, reconciliation and re-entry of hedge fund, private equity, real estate and other information with a fully automated service. HELD AWAY AGGREGATION – Supplement your currently managed data with client electronic and statement accounts held elsewhere to provide clients a total wealth picture and advice.
TOTAL WEALTH AGGREGATION – Combine your managed accounts with held-away accounts to create a fully normalized and analytic ready view of client data ready for consolidated reporting. DIGITAL DATA DELIVERY HUB – Leverage a fully-managed data warehouse of your historical data and tools to deliver custom feeds, APIs and a complete firm-wide reporting application.
Promontory MortgagePath LLC
Promontory MortgagePath combines extensive mortgage operations knowledge and compliance expertise with industry-leading technology to provide efficient, cost-effective digital mortgage and fulfillment solutions to banks of all sizes. Their comprehensive service offering helps banks remain competitive – and profitable – in an ever-changing mortgage market.
With their solution, banks leverage Promontory MortgagePath’s while-label point-of-sale technology to co-pilot the application process, collaborate with borrowers and access in-app efficiency tools. Then, Promontory MortgagePath processes and underwrites each loan using bank-provided business rules and finally, closes in the bank’s name..
BillMo (short for Billetera Móvil) is a US based company that offers a low cost money transfer and mobile wallet application. The BillMo application allows US senders to send money to individuals in Mexico using just their smartphone and debit card, while turning the smartphones of Mexican beneficiaries into mobile wallets that can be used to receive funds, top up mobile phones, pay for retail purchases and common bills, and withdraw cash at thousands of locations across Mexico, including all BBVA Bancomer, BanCoppel, Elektra, Pagos Intermex and Telecomm locations.
The cost for US smartphone senders to send money to Mexico is $0.99. For more information, visit www.billmo.com..
Dotted Square Inc.
Dotted Square has developed the first digital currency fit for everyone from your 10-year-old nephew to your rich uncle, and all the way to the largest institutional investors. It combines the advantages of bitcoin without compromising on privacy, the law, or regulations.
It is the evolution of money: safe, fast, traceable, and affordable for all.. .
OEM Capital has emerged over the past two decades as an international leader in mergers and acquisitions and capital raisings for smaller mid-cap firms engaged in the information technology and electronics industries. Through our worldwide affiliates we offer our clients the benefits of dealmakers at firms in Europe, Asia and the Americas; dealmakers who successfully close hundreds of transactions each year.
Our contacts include approximately 250,000 industry executives to whom we have ready access while our database includes over 100,000 companies worldwide active in the IT and electronics industries. OEM Capital and its principals have completed buy and sell side transactions and capital raisings valued in the aggregate at over US$10 Billion.
Our clients have included NYSE, NASDAQ, and AMEX listed, over-the-counter and closely held companies as well as venture capital and private equity firms. Our transaction sizes typically range from US$10 to 100 million..
HBM International, Inc.
HBM International is a leading provider of technology strategy, software and data solutions to the financial services industry. We align the right technologies with strategic priorities, which enables financial services firms, including hedge funds, alternative investment firms, private equity firms, and banks, to improve operational efficiency, minimize cost, advance decision making, and increase alpha.
Our facilitators work in small, agile teams, applying our unique blend of lean startup methodology and agile development principles. This allows us to deliver high throughput, low latency, and highly scalable technology solutions.
Our team of software engineers, UI/UX designers, data engineers and data scientists use methods refined through thousands of hours of collaboration with financial services firms around the United States.. .
M&A and capital raising for technology companies. Twenty five year track record, $Billions of transactions, and satisfied clients across the Western and Eastern world.
Representing large companies such as IBM and General Electric, as well as smaller tech companies seeking to acquire, get acquired, divest, or raise capital. Experienced, affordable, knowledgeable, and responsive.
Contact us today about your project: [email protected] .
You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.