Fintech Disruptors 2021 I Glyph

July 7, 2021

Fintech is a thriving sector brimming with disruptive innovations that is on everyone's attention, particularly investors. According to CB Insights, $13.4 billion was raised in the market in the first quarter of 2021. 

The rapid growth of financial firms and startups is unsurprising. As the tech-savvy millennial population grew older, so did banking and financial alternatives, and once-rare advantages like mobile banking became normal, driving traditional institutions to become more tech-savvy.

Banks, however, are not the only financial organizations that have made technological improvements. Digital financial access underpins whole markets, from digital loans and mobile stock services to e-commerce payment systems and digital currency exchanges. 

Through a large-scale examination of the Fintech landscape around the globe, we identified some prominent companies and innovation areas that will have a significant influence on the industry in the near future. We chose  to shine light on the applicability and potential of the most disruptive of these new firms.

1. Square

Square, Inc. (SQ) was founded in 2009 by entrepreneurs Jack Dorsey and Jim McKelvey to realize their ambition of developing technology capable of combining merchant services and mobile payments into an unified, simple-to-use solution. Square is now used by millions of small businesses to accept credit card payments, monitor sales and inventory, and receive financing.

Square's product range includes Cash App, a free mobile application that allows users to send and receive money, and Square Point-of-Sale, a free program that allows retailers to handle payments by smartphone.

2. Paypal

PayPal is a firm that enables payments amongst parties through internet transactions. Customers can create an account on PayPal's platform, which is linked to their credit card or current account. Users can begin making and receiving payments to and from other PayPal accounts online or through the company after identity and confirmation of funds are validated.

3. Robinhood

Robinhood, the financial software, which promises to democratize investment for regular people, contributed to the Gamestop trading frenzy that began earlier this year. It eventually suspended transactions on Gamestop and other meme stocks, earning it the ire of its customers but also uniting lawmakers as radically opposed as Rand Paul and Alexandra Ocasio-Cortez around a common cause.

4. Stripe

Stripe is an internet payment processing solution. Stripe costs 2.9 percent + $0.30 each transaction, with bulk savings allowed. It has no monthly subscription costs and only charges businesses when a payment is completed.

Stripe's API, which was created with online programmers in mind, makes it simple to incorporate a range of online billing processing tools and extensions. Stripe may be used for invoice payments, ticket sales, and physical products sales, among other things by websites built on popular platforms such as WordPress, Drupal, and Joomla.

5. Klarna

Buy now, pay later or BNPL is a popular option for customers to purchase online or in shops. According to one poll, 39% of customers had utilized these short-term, point-of-sale installment loans at some time in their lives. Klarna is one of a number of online platforms that offer this sort of financing. Founded in Sweden in 2005, the firm currently has a projected 90 million customers and processes two million payments every day. 

6. Ripple

Ripple is a financial system that functions as both a cryptocurrency and a digital payment network. The core process of Ripple is a payment settlement asset exchange and remittance system, comparable to the SWIFT system for international money and secure transfers, which is used by banks and financial middlemen trading across currencies.

The cryptocurrency's token is premined and trades under the ticker sign XRP. The firm and network are known as Ripple, and the cryptocurrency coin is known as XRP. The objective of XRP is to act as a type of interim settlement layer denomination, acting as an intermediary mechanism of trade between two currencies or networks.

7. Monzo

Monzo was among the first of a slew of new app-based challenger banks to launch in the United Kingdom. Initially functioning through a mobile app and a prepaid debit card, its UK banking license limitations were relaxed in April 2017, allowing it to provide a complete current account. Monzo had over 4 million customers as of March 2020.

8. Tide

Tide is a UK-based financial technology firm that offers mobile-first banking services to small and medium-sized businesses. It enables companies to open a current account and have immediate access to a variety of financial services (including automated bookkeeping and integrated invoicing). Tide is one of the UK's first digital-only banking companies that offer business current accounts.

9. WorldRemit

Since its inception in 2010, the exchange platform WorldRemit has been revolutionizing the remittance industry. Individuals may send money across borders using the WorldRemit app, which presently offers bank transfer, cash pickup, and mobile money options. WorldRemit offers worldwide money transfers and remittance services in over 130 countries and 70 currencies.

10. Starling Bank

Starling Bank is an award-winning, fully-licensed and supervised bank founded to provide consumers with a fair, smart, and more human alternative to traditional banks. Personal, company, joint, adolescent, euro, and dollar accounts are available, as well as a kid card and a variety of loan options.

Starling also offers B2B payment and banking services via its Banking-as-a-Service model, which is built on the unique technology platform that powers its own bank. Customers may access a variety of third-party financial solutions through the Starling Marketplace, which is available in-app.

11. Xero

Xero is a public technology firm based in New Zealand that is listed on the Australian Securities Exchange. It is an accounting software platform for small and medium-sized enterprises that is hosted in the cloud. Xero's solutions are built on the SaaS model and are offered by subscription, with the kind and number of corporate entities managed by the user determining the price. Its goods are utilized in over 180 countries across the world.

12. Brex

Brex, which was founded in 2017, provides startup firms with financial services. Brex is a high-risk firm with numerous clients who may be unable to repay debts. Indeed, co-founder Henrique Dubregas said on CNBC that he expects roughly three-quarters of Brex clients to fail every few years. This risk is mitigated through the use of real-time data in the underwriting process.


England-based provides payment services to internet merchants. The firm made headlines in 2019 when it revealed a $230 million Series A fundraising round, followed by a $450 million Series C funding round in 2021. It is currently valued at more over $15 billion, leaving it to be one of the world's most valuable fintechs.

14. Marqeta

Marqeta, located in Oakland, California, enables businesses to give business credit cards to workers as well as e-commerce businesses to accept card or other digital payments. It also facilitates payment processing. Marqeta had a highly anticipated IPO on June 8, priced its shares at $27 a share, and began trading on the Nasdaq the following day.

15. Chime

Since its inception in 2013, Neobank Chime has evolved to become one of the most well-known names in the fintech industry. It offered numerous innovations targeted at targeting younger, low-to-medium-income clients, such as no overdraft fees and the possibility for priority access to direct-deposited wages.

16. TALA

Banking the people from poor socio - economic backgrounds and servicing people with no formal credit history are two challenges that have recently come to the fore. TALA, located in California, attempts to fill a vacuum that many existing traditional leaders are struggling with.  Citizens of Mexico, India, Kenya, and the Philippines can apply for microloans of up to $500 from the firm.

17. Bestow

Bestow's mission is to reinvent life insurance and make it easier for customers to get coverage. Bestow was founded in 2016 with the intention of disrupting the often slow and paper-intensive process of getting life insurance. Customers may join up digitally, and the firm claims to be able to provide a quotation in minutes.

18. Plaid

Plaid's technology connects bank accounts to popular applications such as Venmo, Robinhood, Acorns, SoFi, and many more via APIs. It also allows several popular budgeting and PFM apps to link to user bank accounts. As a result, millions of customers rely on it to fuel their everyday financial life.

19. Nubank

Nubank, estimated at $25 billion, has 34 million clients in South and Central America and Mexico. The firm began in 2013 with a single credit card offering and has since expanded to provide digital bank accounts and personal loans. In 2020, it announced a number of acquisitions to assist speed its expansion, including software engineering firms Platformaetc and Cognitect, as well as trading platform Easynvest.

20. Fraugster

Fraugster, which was created in 2014, is an anti-fraud technology used by financial service solution providers to study consumer behavior and evaluate every transaction in order to eliminate cyber forgeries and scammers. This system collects data from many sources, evaluates it, and compares patterns to process if a transaction is legitimate or forgery.

21. Lufax

Lufax is a peer-to-peer (P2P) lending network for personal loans. It links borrowers with numerous lenders in order to facilitate the transfer of cash. Customers are given cash once their credit is evaluated. It also offers insurance services to customers.

22. Zerodha

Zerodha Broking Limited is an Indian financial services firm that specializes in institutional and retail brokerage, currency and commodity trading, mutual funds, and bonds. The firm was founded in 2010 and is located in Bangalore. It is India's largest brokerage business by active client base, with a market capitalization of more than $1 billion.

23. Razorpay

Razorpay is an Indian payment service that enables businesses to receive, process, and distribute payments through its suite of products. It allows you to use any payment methods, including credit card, debit card, net banking, UPI, and popular wallets. Businesses can manage the market, streamline financial transactions, collect periodic fees, trade client invoices, and benefit from working capital loans from a single application.

24. InstaMojo

Instamojo collects fees, develops free online storefronts, distributes items, obtains financing, and does other things to help your business succeed. Micro-entrepreneurs, start-ups, small and medium enterprises use Instamojo's suite of services such as payments, free online stores, logistics, credit and financing, and more via mobile and web applications to start, promote, operate, and develop their enterprises immediately.

25. Mollie

Mollie is a payment industry pioneer as well as one of Europe's fastest growing payment processors. Mollie enables businesses of all sizes to develop and flourish by utilizing various payment options. Mollie may provide different payment options in a consistent manner by utilizing a simple and transparent payments-API.

Mollie's aim is to become Europe's most popular PSP by simplifying complicated financial services. Mollie has over 100,000 clients throughout Europe at the moment. Mollie has a global team of approximately 300 experts, is based in Amsterdam, and has operations in four additional European cities.

26. Zeta

Zeta is a contemporary financial technology firm created in 2015 by entrepreneurs Bhavin Turakhia and Ramki Gaddipati. The firm offers an Omni Stack that includes contemporary credit and debit processing, BNPL, core banking, and mobile experiences. Zeta sells its solutions to banks and fintechs all around the world. Zeta received a $250 million investment from SoftBank Vision Fund 2 in 2021.

27. PayTM

Paytm, India's largest payment business, was launched in 2010 and provides users with multi-source and multi-destination payment options. They let customers transfer money from one bank account to another for free, i.e., there are no fees. Its complete payment solutions have been used by over 8 million retailers.

28. Pine Labs

Pine Labs is a software that turns your NFC mobile device into a card machine, allowing you to take all sorts of digital payments, including a simple 'Tap n Pay' card. The network has expanded to provide shops payment choices, risk assessment, multi-channel analytics, leasing and insurance, brand offers, cashback, automated invoicing, and other services.

29. has grown to become India's largest insurance aggregator and one of the world's leading fintech companies. The digital site began as a pricing comparison website and a resource for learning about insurance and associated services. It eventually evolved into an insurance policy bazaar. The fees paid for the advertising and advertisement of insurance providers on its website generate revenue for the firm.

30. Avant

Avant is a middle-income loan business that provides loans ranging from $2,000 to $35,000. The service primarily serves as a resource for clients to acquire cash for purposes such as debt consolidation or paying unexpected expenditures. Avant accepts loans in as little as one day after receiving a simple application.


Perhaps more innovation has occurred in the financial industry than in any other area in its history. Financial technology has brought countless advances to today's society, continuously changing the way we perform financial transactions. Fintech businesses provide even more creative options, driving traditional banks to increase their innovation efforts while also giving a chance for collaboration.

From internet banking to blockchain technology, and machine learning software to smart ledgers, the latest developments are rapidly entering the Fintech industry, while conventional service providers are still trying to comprehend cloud technology. It is critical to grasp and use these principles in order to remain competitive in the marketplace.


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