Mobile

BankMobile
New York, NY
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Mobile banking service providing digital products and financial literacy programs to consumers.

A digital bank currently backed by local Florida community bank Flagship, BankMobile provides a mobile-first, modern banking experience to its customers.

Aside from its digital innovations, the bank also seeks to educate its users by providing financial literacy tools and training, and Bank Innovation suspects there is only more to come.
Blispay
blispay.com
Baltimore, MD

Offers POS financing for consumer purchases.


Applying for financing or credit cards at the POS at retail giants such as Best Buy is a no-brainer. Small and medium-sized merchants, however, don’t usually have that option.

Blispay – launched in March 2016 – is set to tackle that issue, with a solution aimed at SMEs.

The company’s Blispay Visa card has the benefits of a Visa card, allowing consumers to make purchases anywhere Visa is accepted, with a few additions.

Blispay consumers can earn 2% cashback on their purchases, and the company’s re-financing platform means there is no interest on purchases above $199 if that purchase is paid in full within 6 months.

That’s the kind of re-financing we want to see.
Brolly
heybrolly.com
London, England
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This startup uses artificial intelligence via mobile channels to provide insurance advice.

The company, which launched in 2016, uses AI technology to help users find out if they’re over-covered, under-covered, missing covers, or even if they can get a more convenient price for the coverage they want.
Clarity Money
New York, NY

PFM app that helps bring transparency to consumer finances.

A free personal finance app, Clarity Money, wants to give control of consumer finances back to the consumer.

By using transparent mobile financial tools, Clarity Money, launched in 2016, provides all of the data and insights consumers need to have a holistic view of their finances.

The app provides allows users to create savings accounts, and enables a clearer view into their spending habits.

Could this be the money managing tool of the future? We’re going to find out.
Curve
London, England
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All-in-one card platform that allows users to pick a card to use for past financial transactions.

This London-based fintech wants to be the one to achieve that much-tried goal in fintech: building out a singular platform that aggregates multiple bank cards into one. The customer’s card are grouped together under the Curve card (powered by Mastercard), and that customer’s spending and money management habits are all laid out in the accompanying mobile app.

Notably, the fintech’s products also include a “time travel” feature, where users can choose which card to use for a transaction — after they’ve already made the transaction.
Cushion
cushion.ai
San Francisco, California

Startup using chatbots to fight bank fees on behalf of customers

Arguing with a bank over fees is one of the least popular past times on Earth, so why not get an AI to do it for you? That’s the theory behind the creation of Cushion, an AI fintech startup that wants to use bots to fight bank fees on behalf of customers.
The startup’s bot, “Fee Fighter,” will spar with banks of behalf of the user; once the bot has successfully argued its claims, that user will receive a text with the amount of their refund.
Currently, users can request a beta invite to the bot.
Debitize
debitize.com
New York City, U.S.

Personal finance tool aimed at allowing users to receive typical credit rewards while using debit-style products.

Without credit cards, it’s hard to build a credit score, and users miss out on credit card perks like reward points. Liran Amrany came up with a solution. He launched Debitize in 2014. It’s a personal finance tool that makes it easy to use credit cards responsibly.

Here’s how it works: when a user makes a purchase with a credit card, Debitize charges the user’s checking account and stores the funds in a Debitize reserve account. At the end of the month, Debitize automatically pays off the credit card bill.
Drop
Toronto, Canada

Mobile-based rewards platform for millennials.

While there are hundreds of fintechs out there seeking to bring older financial concepts into the digital mainstream, it’s rarer to find fintechs that are succeeding.
This isn’t a problem for Drop, a Toronto-based startup seeking to build a rewards platform for millennial users. The app operates by reading a user’s credit card transaction data (via API), before rewarding users with points and incentives for making purchases with services that have partnered on Drop’s platform.

At the moment, these brands include Costco, Starbucks, and Instacart, among others.
Emma
emma-app.com
London, England

U.K. based money management app.

The United Kingdom seems to have a proclivity for neobanks and new financial services, but even in that saturated market, new service Emma has been making a name for itself.

In the short span of a few months, the money management app has managed to gain permission from U.K. regulator FCA to operate under the country’s PSD2 mandate, an open banking regulation designed to make banking more transparent.

This is a key step towards becoming a full-fledged bank, which is integral towards Emma’s goal of being the only banking app on a user’s phone.
iam bank
iambank.com
London, England
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This challenger bank provides both digital and physical banking to consumers with a focus on financial literacy.

U.K.-based iam bank, will launch later this year with both prime digital tools—mobile offerings, machine learning algorithms, and chatbots—as well as with real, touchable bank branches, specifically tailored to appeal to the millennial consumer base.

iam is focused on creating a tech-heavy “community” experience, where customers will have the ability to FaceTime bank advisors, interface with other technologies, or come in to the branch just for networking events. The thought is to create the “Apple Store” of banking.