Flash Funding, Investors & Competitors

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2025, Square's payment volume was almost USD 260 million.

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.

Tabby is a Saudi Arabia-headquartered financial services and shopping app that began as a buy-now-pay-later provider and has widened into cards, spending accounts and consumer finance. It was founded in 2019 by Hosam Arab and Daniil Barkalov and is based in Riyadh. Shoppers can split purchases into interest-free instalments or pay later, online and in store, while merchants pay a fee on each transaction. The company is active in Saudi Arabia, the United Arab Emirates and Kuwait and works with tens of thousands of brands and small businesses. It acquired the Saudi digital wallet Tweeq in 2024 and received finance licences from the Saudi Central Bank in June 2026. Tabby has raised equity from investors including Arbor Ventures, Mubadala, STV, Wellington Management, Blue Pool Capital and Hassana, and was valued at 6.5 billion dollars in its September 2026 Series F.

Rappi is a Colombian super app that connects consumers with restaurants, supermarkets, pharmacies and specialty stores for on-demand delivery. It was founded in Bogota in 2015 by Simon Borrero, Sebastian Mejia and Felipe Villamarin and took part in Y Combinator in 2016. The company operates in Latin American countries including Colombia, Mexico, Brazil, Argentina, Chile, Peru, Uruguay, Ecuador and Costa Rica, with offices in Bogota, Sao Paulo and Mexico City. Beyond delivery it offers a Prime subscription, retail media advertising, a fast-delivery grocery format called Turbo and financial services through RappiPay. Its investors include SoftBank, Sequoia Capital, Andreessen Horowitz, DST Global, T. Rowe Price and Amazon, and it reached unicorn status in 2018. The company has been preparing for a possible public listing.

CRED is a Bengaluru fintech company founded in 2018 by Kunal Shah and operated through Dreamplug Technologies. Its app rewards creditworthy Indian consumers for paying credit card bills on time and has since added rent and utility payments, CRED Cash short-term credit, CRED Mint peer-to-peer lending and wealth products. It processes more than 40 percent of credit card bill payments in India according to the company. CRED reported consolidated operating revenue of Rs 2,735 crore in the year to March 2025. In June 2026 Meta Platforms agreed to invest $900 million in a round valuing it at $4.5 billion for about a 20 percent stake, and Kunal Shah moved to lead WhatsApp. CRED has bought HipBar, Happay, CreditVidya, Spenny and Kuvera, and has invested in LiquiLoans and M.

Sunbit is a buy-now-pay-later platform financing services like dental, auto repair, and eyewear purchases. Available via mobile apps on iOS and Android, it approves most applicants for installment payments at merchant locations across the United States.

Swile is a Paris-based super app consolidating employee benefits including meal vouchers, mobility passes, and gift cards on a single smartcard. Launched in 2018, it adds workplace tools like peer recognition, event planning, P2P transfers, and engagement surveys. Analytics dashboards track satisfaction metrics for HR teams across French enterprises.

FamPay is a Bengaluru-headquartered fintech launched in 2019, issuing cards for teenagers to handle online and offline payments via the FamCard. Parents transfer funds directly to children's accounts, promoting controlled spending in India.

Stripe is a financial infrastructure company that provides payment processing and related software to online and in-person businesses. It was founded by brothers Patrick and John Collison and is headquartered in South San Francisco, California, with a second headquarters in Dublin, Ireland. Its products cover payments, billing, invoicing, tax, fraud prevention, card issuing, embedded finance for platforms, terminals and stablecoin and crypto infrastructure. Businesses running on Stripe generated 1.9 trillion US dollars in total volume in 2025, up 34 percent from 2024, and the company reported revenue of about 5.1 billion US dollars for 2024. A tender offer for current and former employees in February 2026 valued the company at 159 billion US dollars. Stripe remains privately held. As an acquirer it has bought software and payments businesses including Paystack, TaxJar, Recko, Bridge, Privy, Metronome and OpenRouter, and it has made minority investments in startups such as Monzo, Ramp, Check and Pilot.

Ant Group is a fintech company building digital infrastructure for financial services via platforms like Alipay. Hangzhou-headquartered, it supports consumers and SMEs with payments, lending, insurance, and wealth management across Asia. The ecosystem includes Ant Fortune for investments and Ant Financial Cloud for enterprise solutions.

Fiserv is a financial technology company headquartered in Milwaukee, Wisconsin, that provides account processing, digital banking, card issuing and merchant acquiring services to banks, credit unions and businesses. Founded in 1984, it built its core banking business through acquisitions such as Information Technology Inc. of Lincoln, Nebraska in 1995, which brought the Premier account-processing platform. Fiserv processes debit and credit card transactions, loyalty programmes, loans, electronic bill payments, ACH and wire transfers, check deposits and ATM transactions on behalf of financial institutions, with a long-standing base among small and midsize US banks. Its 2019 acquisition of First Data for $22 billion added a large merchant-acquiring business, including the Clover point-of-sale platform for small businesses and the Carat payments platform for large enterprises. The company earns recurring processing and transaction fees, software and service fees and hardware sales. In 2025 it reported revenue of $19.8 billion, operating income of $4.38 billion and about 38,000 employees, and roughly 85% of 2024 revenue came from the US and Canada. Takis Georgakopoulos became chief executive in 2025 after Frank Bisignano left to run the US Social Security Administration, and in November 2025 the shares moved from the NYSE to Nasdaq under the ticker FISV.

Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant-subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm’s transaction volume comes from its interest-bearing loans, which also constitute the majority of its revenue. Affirm primarily operates in the United States, which accounted for more than 95% of its revenue in 2025, but it has also expanded to Canada and the United Kingdom.

LPL Financial is the largest US independent broker-dealer, with more than 32,000 financial advisors affiliated with its platform and roughly 11 million customer accounts at the end of 2025. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees and commissions tied to the $2.4 trillion in assets under management or advisory on its platform at year-end 2025. LPL specializes in the provision of turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.

Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.

Wealthsimple is a Toronto-headquartered Canadian financial technology company that offers investing, trading, banking and tax products through its mobile and web apps. Its managed investing service builds low-fee portfolios of exchange-traded funds, while its self-directed platform offers commission-free trading of stocks and ETFs and regulated crypto trading, alongside a chequing account with no monthly, foreign exchange or ATM withdrawal fees and a tax-filing service. The company serves retail clients across Canada and earns fees on managed assets and trading services as well as income on client cash. It reached C$50 billion in assets under administration in 2024, doubled that to about C$100 billion by October 2025, and has been profitable since 2024. In October 2025 it announced an equity round of up to C$750 million at a C$10 billion post-money valuation, co-led by Dragoneer and GIC. Power Corporation of Canada is its controlling shareholder with a 52.4% stake held through Power Financial, IGM Financial and Portage Ventures. Wealthsimple was founded in September 2014 by Michael Katchen, Brett Huneycutt and Rudy Adler.

Plaid is a San Francisco-based financial technology company that operates a data network connecting consumers' bank accounts to financial applications. Its products include Link for account connections to more than 12,000 institutions, Auth, Identity and Balance for account verification, Transfer and Signal for ACH and real-time payments and payment risk, Identity Verification, Monitor and Beacon for KYC, AML and fraud prevention, and Plaid Check products such as LendScore for credit underwriting. Customers range from fintech applications such as Venmo, Robinhood and Coinbase to banks, lenders, payroll providers and AI companies, and Plaid says more than one in two Americans have used its network. The company reported revenue growth above 25% in 2024 and a return to positive operating margins. Visa agreed to buy Plaid for $5.3 billion in January 2020, but the deal was abandoned after a Department of Justice antitrust challenge. Plaid was valued at $13.4 billion in its 2021 Series D, $6.1 billion in an April 2025 common-stock sale led by Franklin Templeton, and $8 billion in a February 2026 employee share sale. It was founded by Zach Perret and William Hockey.

Upgrade is a San Francisco-based fintech company and neobank that provides consumer credit and banking products to mainstream US consumers. Its offerings include personal loans, the Upgrade Card and OneCard credit cards that convert purchases into fixed-rate installment plans, home improvement and auto financing, buy-now-pay-later travel financing through Uplift, which it acquired in 2023 for US$100 million, high-yield savings and rewards checking accounts, and free credit monitoring tools. Loans and cards are issued through partner banks, and Upgrade earns revenue mainly from interest, origination fees and the sale of loans to institutional investors. It has helped customers access more than US$50 billion of consumer credit since it began lending in 2017, and its annualised revenue passed US$1 billion in May 2025. The company is headquartered in San Francisco, with an operations center in Phoenix, Arizona, a technology center in Montreal and about 1,950 employees. It was founded in 2016 by Renaud Laplanche, the co-founder and former chief executive of LendingClub. Upgrade has raised about US$750 million of equity from investors including Union Square Ventures, Ribbit Capital, Koch Disruptive Technologies, Coatue, DST Global and Neuberger Berman, most recently at a US$7.3 billion valuation in October 2025.