This article showcases our top picks for the best Maryland 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 Maryland Fintech (Financial Technology) Companies
Global fintech company providing merchant financial services to different retailers. Established in 2005, Nayax started as a cashless payment service and management solution provider for unattended retail.
Over the years, thanks to our customer-first mindset and the ability to develop our offering in-house, the company evolved into an award-winning payment powerhouse. Today, Nayax boasts an international reach of 10 sales offices and over 45 distributors.
We proudly serve customers across 65 countries, support more than 350,000 points of sale worldwide, accept 26 currencies, and partner with over 70 global financial institutions. Nayax is also a licensed payment institution in Europe.
Our goal throughout the years has always remained the same – enabling merchants to grow their business at scale and with ease. To achieve this, our payment platform has consistently been ahead of the curve.
From accepting any new form of payment, to continuously providing peace of mind with the strictest security certifications and a 24/7 monitoring. In addition to our payment-as-a-service platform, we continue to develop value-added services for our customers.
From a consumer engagement solution to customized payment methods, an API suite, a mobile wallet app to a fully customizable management system. The result is an agile ecosystem that helps merchants improve their bottom line.
Allovue is a software platform that helps school districts create and plan budgets and monitor spending to make financial. The user-friendly software applications allow district officials, principals, and other school administrators to visualize, analyze, and optimize the impact of spending on outcomes in education.
The company’s flagship product, Balance, contains applications to analyze school budgets, track and forecast expenditures, identify trends over time, and plan for future capital investments. Allovue allows superintendents to easily communicate district budgets with their staff, board, and community leaders, ensuring that budgets are strategically aligned to district goals and priorities.
It connects education, finance, and technology to meet the needs of education decision-makers.. .
Ovamba Solutions, Inc.
Ovamba created a culturally astute risk measuring algorithm to better understand and serve Africans with financial services and capital for growth. They also created a natural language chatbot which allows Africans who do not speak english, french or Arabic to be able to apply for funding from Ovamba in their own language and receive business coaching to help them grow and run better businesses.
The model blends Sharia & ethical business elements with eCommerce, logistics & warehousing to deliver full end-to-end services help grow SMEs operating in the trade sector. Ovamba also funds commodities and exports..
Armory Technologies, Inc.
Armory is the most solid and secure Bitcoin wallet. Bitcoin wallet technology is complex and Armory is the most secure and feature-rich Bitcoin wallet application.
Armory pioneered the “cold storage” concept of storing and transacting Bitcoin funds where the private keys are stored only on a computer that is kept entirely offline and supports backing up Bitcoin funds to a printed paper backup. Armory is tailored for standard, advanced and expert Bitcoin users and is licensed under the “AGPL version 3” which guarantees that Armory and any derivative programs based on Armory source-code will always be open-source..
The workforce is changing dramatically and Artichoke is the business platform to empower this next generation of independent workers. Artichoke gives the independent professional the tools to keep schedules full with revenue producing appointments instead of time wasting administrative tasks.
Artichoke is a post revenue SaaS company which combines fintech, client data, and marketing automation to empower entrepreneurs in appointment based businesses to set up shop and start earning quickly.. .
Kiss Trust is creator and leader of the Online Trust Industry. The ground-breaking online platform allows Kiss Trust to provide an affordable “real time” irrevocable trust document creation portal, with an integrated trustee service and an array of design options to meet a wide variety of needs.
Kiss Trust provides for multiple types of trust uses including for childrens savings trust, college savings, estate planning, divorce, child support, legacy trust, special needs, restricted ordered trusts, memorial trusts and more. The expense and complexity of hiring a lawyer is no longer a barrier for families seeking to benefit from the advantages that trusts offer.
Kiss Trust holds the patents covering multiple aspects for online trust creation technology. Kiss Trust provides access to an investment platform of over 5,000 mutual funds and 1,000 ETFs in addition to a brokerage account option.
Kiss Trust is a division of Eastern Point Trust Company. The company was founded and staffed by top talents in law, trusts and technology to make the benefits and protections of trusts accessible and affordable to everyone.
Eastern Point Trust Company is not a law firm. Eastern Point Trust Company is a non-depository trust company with multiple regional offices.
Eastern Point Trust Company provides fiduciary and trust administration services to clients in all 50 U.S. states and territories, across North America, the Caribbean, Asia and Europe..
Vitas Group provide responsible micro, small and medium enterprise finance to under-served populations. Vitas Group strengthens the assets of global communities’ locally-registered microfinance companies under one roof, which enable global communities greater access to commercial sources of funding including debt and equity investments, as well as technical assistance grants.
These resources enable companies to enhance and expand existing operations and to research new areas where it can make a real and lasting difference. The company’s mission is to provide financial products and services that respond to clients’ needs and foster the long-term development of businesses.
Vitas Group was founded on 2011 and is headquartered in Silver Spring, Maryland.. .
Quantrax Corporation is a technology company with state-of-the-art collection software and related products for collection agencies, law firms, hospitals, auto finance, student loans, utilities, banking or anyone that manages their own receivables. RMEx was designed and built in 1990, and its design is based on artificial intelligence and knowledge-based debt collection software.
Quantrax is uniquely positioned as a result of a 20-year track record with knowledge-based collection systems for the ARM industry. In 2003, Quantrax created the most advanced dialer platform that the industry has to offer.
Simply stated, it is different, and better. RMEx runs on what may arguably be the most powerful, scalable and reliable hardware platform ever built – the IBM iSeries (formerly the AS/400..
CashStash is a fintech app built on blockchain technology that allows families, colleagues and companies the ability to share funds in a secure and transparent fashion. CashStash have also developed the digital currency CSH Coin, which allow users to send, receive and share funds worldwide in a cost-efficient manner.
CashStash, also known as CS, gives funding pool participants convivence by displaying transaction history, group chat capability and push notifications in a way that better organizes spending for a group purchase or outings. Users will have the ability to track expenses with a built-in spending analyzer.
CS takes peer to peer connection to the next level.. .
LFR Communications, Inc
LFR Communications is a financial services company operating in emerging economies and mainly serving the unbanked. LFR runs two businesses: Graphcard and Virtual Terminal Network (VTN), a mobile/web transaction network.
Graphcard has been operational since 2004 and acts as a means of payment for internet users in over 260 countries who don’t have access to traditional credit cards or who prefer to pay by cash. Consumers fund their accounts before initiating payments to merchants.
Graphcard offers online merchants a payment gateway that enables acceptance of secure cash payments. Graphcard serves as an ideal solution for auction sellers, online gaming, micropayments and digital content providers.
Graphcard services lies “behind the merchant’s buy button,” converting physical cash to electronic cash paid to merchants. Virtual Terminal Network’s online platform is akin to a cash-funded version of Paypal at one end and a cash-funded version of a credit card processor at the other, end PLUS money transfer products that can cross international boundaries — everything FI-and telecom-agnostic.
VTN blends online and physical worlds in a way that works for consumers in cash-based economies. It addresses a growing person to person market and is ideally suited for social media and IM payments.
VTN offers, for the first time, an e-commerce payment solution that will open up many emerging markets to internet based transactions that have become commonplace in the developed world. VTN offers dramatic speed and a low cost price structure that allows it to be very profitable while charging very low processing rates and transaction fees.
BailRep is an online marketplace platform dedicated to helping people access emergency financing and legal help in their moment of need. Our mission is to make financing for pretrial services more accessible through online marketplace technology and unique loan products.
Customers simply apply on their mobile device and receive an instant bail bond quote from a local bail agent or financing from a lending partner. The company was founded by Jamie Hylton in 2016 and is headquartered in Baltimore, MD..
eStudentLoan was started in 1998 by a small team who recognized that sorting through all of the options to finance a higher education was unnecessarily complex. The idea was simple: Use technology to make the task of finding, comparing and applying for private student loans understandable.
As one might imagine, this is not an easy task.. .
Kitchen Table Financial
Kitchen Table Financial Corp. offers a simple web-based tool, which allows families to develop comprehensive financial plans.
Our process eliminates the need for an expensive or intimidating relationship with a broker. Kitchen Table is a Baltimore, Maryland based financial technology company and affiliate company of the Emerging Technology Center incubator.
We use modern communication methods and social media to help people make financial decisions more efficiently and comfortably. Our mission is to provide simple and honest investment advice and help families and individuals achieve their life and financial goals..
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