In case you hadn’t notices, FinTech startups are blowing up. But there are still some that have managed to fly “under the radar” — they either haven’t been talked about as much as they should, or their full potential has been overlooked.
Here are eight we’ve noticed so far this year.
Person-to-person lending platform Sparo lets users form communities for exchanging money. The Facebook-like interface makes exchanges of money, well, social, even more than Venmo did. The appeal of borrowing from friends and family is clear –57% of borrowers would prefer t borrow from someone they know — and we imagine Sparo has cleared up some of the awkwardness of collecting from deadbeat friends, too. With a mistrust of banks, a love of all things mobile and social, younger borrowers are Sparo’s target market.