More companies are seeking financial technology, or “FinTech,” services than ever before.
The Research Triangle is rising to meet that demand.
FinTech was born of the need to integrate technology into the traditional finance sector. As efficient and mobile-friendly financial services continue to emerge and grow, the Research Triangle has kept pace with the industry. As FinTech grows, the Triangle is poised to grow with it.
Fintech at a Glance
Fintech Companies Located in the Triangle
Triangle-based WalletFi is a management platform designed to help community financial institutions and FinTech companies increase and maximize retention. One cofounder, Alan Glanzman, received an MBA from the Kenan-Flagler Business School at the University of Carolina at Chapel Hill.
The FinTech startup is gaining a lot of attention – raising roughly $700,000 since 2017. The company’s other cofounder, Marc Miller, says he’s currently raising $250,000 to “support current customers, scale sales and marketing, and make strategic technology investments.”
In July of 2020, LoanWell was selected for the Google for Startups Accelerator program under the Black Founders category. In just one month the company has raised another $715,000 in new cash from 11 different investors.
Founder Bernard Worthy, 32, created a cloud-based business-to-business platform that builds software for community lending institutions to help create efficient and easy access to funding for small businesses and entrepreneurs. Worthy faced a tough time trying to finance a coding boot camp in the past and wants to make the process easier for those in the future.
LoanWell is one of 12 Black-led startups in the US to be named to the Google for Startups program.
Raleigh-based startup Verify4 Inc. is generating a lot of buzz, and it’s not even out of stealth mode!
It’s raised more than $2 million in a combination of equity-debt round. The founders aim to engage with customers that have been historically underrepresented and help them gain access to credit. They also seek to promote financial inclusion via big data, machine learning, and AI. They raised a Seed 1 round of $1,000,000 from a single investor in December of 2020. Prior to that they had raised a pre-seed round of $510,000 from several angel investors.