Financial
technology is the use of modern technology in the methods of payment,
investment, transfer of funds and loans, asset management, property and
others, that is, the alternative to traditional financial services and
the use of financial technology now in most places related to public
services such as banks and in the sales and purchase on large and known
websites.
Investment in the field of financial technology has increased
significantly in recent years and Bahrain is one of the leading Arab
countries in this field because it is one of the first countries to
adopt the field of financial technology and encouraged the start-up
companies in this field.
Emerging companies in the financial technology sector
Given the remarkable progress we are now experiencing, the number of
emerging companies in the field of financial technology is also
increasing and companies have been selected from a long list of some 300
companies to be the best companies in the field in the world.
Here are some of these companies:
Activehours Company
Is an application funded by about 4 million dollars used by the worker
to receive his salary immediately, according to the number of hours of
work and is determined fees for service through users of the application
and the headquarters of the company is located in California, United
States of America.
The application is available for use by employees in 10,000 companies worldwide, including Apple and Starbucks.
AlphaSense Company
Based in the United States of America in San Francisco, one of the
largest companies in the field of financial technology, a specific type
of software used by more than 500 thousand customers and provides great
time and effort for investors in the search for documents from millions
of documents. It was funded by more than $ 35 million.
Addepar Company
Based in California, a cloud-based program where wealth managers manage
and track the assets and assets of each customer through financial
technology. The application also works to attract new customers
automatically. This application was funded by about $ 75 million by Peter Till and Stanley Drakmanmiller.
Aztec Exchange
The company deals with senior clients such as L'Oreal, Kimberly-Clark
Depends on the power of US buyers to finance suppliers' receivables in the developing world.
The company is a threat to traditional receivables financing companies
due to its reliance on financial technology and was funded by about $ 15
million based in Dublin.
Affrim Company
Founded by Max Lifshon (co-founder of PayPal), the company's chief
executive officer, the company is providing online loans at an annual
rate of 10% to 30%, and reports on the repayment of these loans to
credit offices for collection, Credit.
Some traders support these loans on the grounds that they are helping young clients, especially in establishing credit history.
Betterment Company
Based in New York and manages about $ 6 billion from more than 200,000
customers, is the largest independent auto consultant and one of the
largest emerging companies in the field of financial technology.
Manages the portfolios of tradable funds to match the investor's
objectives and risk tolerance, against an annual fee of 0.25% of the
volume of assets.
The technology of this company represents a risk to the function of the traditional financial advisor.
C2FO Company
The company is providing offers that will complement those who have
extra cash from retailers and who accept a reduction in payment within
48 hours from suppliers.
The presence of this company represents a risk to the existence of
business credit cards and traditional receivables financing sector.
CircleUp Company
Based in San Francisco, is a collective funding site that links
financial support providers and potential distributors to new consumer
product creators.
The company also launched a new tool to help investors in their various businesses.
Ryan Caldbeck and Rory Ecken founded the company, which helped raise $
280 million in funding from more than 200 companies because of their
high confidence because they rely on financial technology.
Coenbase Company
A digital currency company based in San Francisco that complies with
government rules and regulations. It manages operations that include
encrypted currency portfolios for more than 4.7 million subscribers from
33 different countries around the world and is housed on their servers,
which accounts for about 10% of the world's digital currency or
home-based currency.
The company also represents a threat and threat to hackers worldwide and users of DARKnet encrypted currencies.
Cadre Company
Which is a source of threat to real estate investment funds and
commercial real estate brokers, because they perform the same work but
in a professional technological way and it puts a low fee on the buyers,
whether people or companies.
The company is headquartered in New York and has been funded with over $ 68 million.
Dataminr company
It provides information about business events in general and global
market developments on the social networking site Twitter and sends out
alerts to users through the technology of automated learning and
financial technology and is located in New York City.
Credit Karma
Where customers can follow up on free credit points and provide simple
credit, loan and other applications based in San Francisco and funded
over $ 300 million.
EmoticonEmoticon