The global banking sector continues to see new entrants focused on technology. London's Monzo has attracted $1.8B in funding, and Miami's Citadel Securities has secured $1.2B.
This industry also includes long-standing firms like Lead, founded in 1928, and recent companies like Flex, which began in 2022.
Below is our list of 100 Banking startups worth keeping an eye on.
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Get the Sheet for $50Tide created a business financial platform that gives small and medium-sized enterprises a unified tool for banking, invoicing, and accounting. Their platform helps business owners save time by bringing key administrative and financial tasks into one place.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | George Bevis |
| Funding Amount | $442.2M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | TPG, Speedinvest, LocalGlobe, Creandum, Goodwater Capital |
Monzo built a digital bank that helps people manage their money through a user-friendly mobile app. Their platform is known for its innovative features and transparent approach to personal finance.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield |
| Funding Amount | $1.8B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Secondary Market |
| Top Investors | General Catalyst, Accel, Stripe, HSG, Y Combinator |
Moniepoint provides an all-in-one financial platform that gives businesses access to banking, payments, and credit. Their suite of tools helps small and medium-sized enterprises manage their money and business operations.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Felix Ike, Tosin Eniolorunda |
| Funding Amount | $233.1M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | QED Investors, Lightrock, Novastar Ventures, Endeavor Catalyst, Bossa Invest |
Citadel Securities provides critical liquidity to global financial markets, operating as a leading market maker across equities, fixed income, and other asset classes. Their platform relies on sophisticated technology and quantitative analysis to support stable and efficient trading for a diverse range of clients.
| Headquarters | Miami, Florida, United States |
| Year Founded | 2002 |
| Founders | Kenneth Griffin, Peng Zhao |
| Funding Amount | $1.2B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Sequoia Capital, Paradigm |
Jupiter provides a digital banking app that offers smart insights based on user spending habits. The platform helps people in India manage their finances by combining a bank account with automated savings and investment tools.
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2019 |
| Founders | Jitendra Gupta |
| Funding Amount | $169.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | QED Investors, Peak XV Partners, Z47, 3one4 Capital, Tiger Global Management |
Branch provides a financial wellness platform that allows businesses to offer their employees instant access to earned wages. Their platform also includes a digital wallet and debit card, giving workers more control over their finances without waiting for a traditional payday.
| Headquarters | Minneapolis, Minnesota, United States |
| Year Founded | 2015 |
| Founders | Atif Siddiqi, Divydeep Agarwal |
| Funding Amount | $638.1M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | General Atlantic, Techstars, Bonfire Ventures, Right Side Capital Management, M25 |
Lead delivers a Banking as a Service platform that provides financial infrastructure for fintech companies, businesses, and individuals. Their model combines a legacy of community banking with a modern focus on enabling innovation through fintech partnerships.
| Headquarters | Kansas City, Missouri, United States |
| Year Founded | 1928 |
| Founders | Erica Khalili, Homam Maalouf, Jacqueline Reses, Ronak Vyas |
| Funding Amount | $170M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Andreessen Horowitz, Khosla Ventures, Ribbit Capital, ICONIQ Capital, Coatue |
Flex developed an all-in-one finance platform for business owners to manage their company and personal accounts together. Their super app provides a real-time view of a user's entire net worth and includes products like a credit-building debit card.
| Headquarters | Miami, Florida, United States |
| Year Founded | 2022 |
| Founders | Hadi Solh, Zaid Rahman |
| Funding Amount | $348M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | Hustle Fund, Titanium Ventures, Florida Funders, Chapter One, Suffolk Technologies |
Honest develops financial products focused on fairness and transparency for consumers across Southeast Asia. Their flagship offering is a numberless credit card, which pairs with a mobile app to give users complete control over their account.
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2019 |
| Founders | Peter Panas, Will Ongkowidjaja |
| Funding Amount | $199.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Alumni Ventures, Village Global, Goodwater Capital, XYZ Venture Capital, Better Capital |
Mambu offers a true SaaS cloud platform that serves as the core for modern banking operations. Their composable architecture allows financial institutions to rapidly build and deploy new services.
| Headquarters | Amsterdam, Noord-Holland, The Netherlands |
| Year Founded | 2011 |
| Founders | Eugene Danilkis, Frederik Pfisterer, Sofia Nunes |
| Funding Amount | €387M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Bessemer Venture Partners, TCV, EQT, Tiger Global Management, Point Nine |
90 Additional Banking Startups Worth Following
Our top ten picks offer a great snapshot, but they're only part of a much bigger picture. Many of the companies you'll see have raised huge rounds, with several already passing the billion-dollar funding mark. You'll find a lot of fintech companies, along with a growing number of startups using AI to build smarter financial products. Here’s a look at the rest of the startups that are changing the way we bank.