Silicon Valley, step aside — the nation’s new fintech leader is here, and it’s not in California. In recent years, Atlanta has been growing its fintech scene with a palpable intensity, threatening to supplant traditional financial epicenters like London and New York City. Altanta’s fintech fervor is increasing so much so that the city has earned the nickname “Transaction Alley,” owing in particular to its large community of payment processing tech companies like Global Payments and Worldpay.
While Atlanta is home to many massive financial leaders, there are plenty of fintech startups also making a stand such as Greenlight, which has created a debit card specifically for kids that enables parental control and real-time tracking. Altanta’s fintech ecosystem spans countless financial sectors, including cryptocurrency and real estate, boasting companies backed by valuations of millions — and even billions — of dollars. Here’s a look at 23 fintech companies in Atlanta bringing the South to the forefront of financial innovation.
Fintech Companies In Atlanta To Know
Focus: Small Business Financing
What they do: Fintech startup Kabbage provides small businesses with automated cash flow solutions. The company’s online lending platform enables small businesses to easily access ongoing lines of credit up to $250,000, while its technology analyzes companies’ real-time data including online sales, banking information and shipping activity. With $2.5 billion in funding, Kabbage has so far given small businesses access to over $8 billion of working capital.
Bluefin Payment Systems
Focus: Payment Security
What they do: Bluefin Payment Systems develops payment and data security technologies that protect point-of-sale (POS) and online transactions. Serving clients from a wide range of industries, the company offers solutions that support retail, mobile, call center and kiosk environments. Bluefin’s ShieldConex data security platform protects personally identifiable information, personal health information and payment data.
Focus: Financial Management
What they do: Greenlight is redefining the fintech game with its debit card designed for kids. The company has created an app that allows parents to control where and how their kids spend money, sending them real-time notifications every time a purchase is made. Greenlight is designed to help kids learn about responsibility, offering a component called Greenlight Chores, which allows parents to manage weekly or one-time chores and motivate their kids to get them done.
Focus: Payment Processing
What they do: RoadSync provides a digital payment platform for companies within the logistics space. The company streamlines the payment experience for warehouses, repair and tow merchants, and freight handlers, enabling its clients to create invoices, verify fleet checks, run reports, and more. RoadSync’s platform is designed to increase speed and security, optimize business operations and minimize fraud, removing the need for check authorizations or trips to the bank.
Focus: Payment Processing
What they do: Founded by Bird Blitch and Joshua Silver, Patientco has created a cloud-based platform that helps patients better understand, manage and pay their healthcare bills. Their platform also helps providers improve their revenue cycle by enabling them to dynamically engage patients, manage payments, and automate the entire process through the use of intuitive consumer payment tools. Patientco aims to show enterprise health systems the importance of addressing patients’ out-of-pocket costs while building patient loyalty.
Focus: Payment + Donation Processing
What they do: Vanco offers electronic payment and donation-processing solutions for educational institutions, nonprofits and faith-based organizations. The company’s tools stabilize and increase donations for churches and nonprofits, while its web-based education software helps remove administrative work, streamlines payments and improves class registration for school districts, universities, adult education institutions, youth enrichment programs, and more. With offices located worldwide, Vanco also serves as the parent company of TryBooking, an event hosting and ticketing company used throughout the UK, Australia and New Zealand.
Focus: Payment Processing
What they do: Established by Michel Fontaine, TransacXion Technologies offers a B2B platform that enables large companies to extend bill payments at no cost through the use of trade credit insurance. The company’s two financial products, Flex Commerce and SCADS, help banks and financial institutions improve margins and increase their lending base, enabling them to offer their clients the ability to extend payment terms. TransacXion Technologies is driven by the aim to accelerate the performance of banks, buyers and sellers by linking all stakeholders.
Focus: Digital Assets + Cryptocurrency
What they do: A relative newcomer to the fintech scene, startup Bakkt is dedicated to expanding access to the global economy by building trust in and unlocking the value of digital assets. The company’s app serves as a digital wallet, which allows users to track, spend and send their digital assets. In addition to allowing users to earn rewards and loyalty points, Bakkt also offers a secure trading platform that allows people to buy and sell bitcoin.
What they do: Founded by David Zalik, GreenSky is committed to improving the user experience for payments, credit and commerce. The company’s loans are designed as an alternative to credit cards for those who need a loan for a smaller amount than what banks typically lend. GreenSky loans can be put towards home improvement services like roofing and remodeling as well as some medical issues that may not be covered by insurance such as cosmetic procedures or veterinary care.
What they do: Established by Anthony Gallippi and Stephen Pair, BitPay develops tools for spending, accepting and building with bitcoin. The company allows users to accept payments from anyone in the world within 48 hours and receive funds directly to their bank accounts with zero price volatility or risk. BitPay enables its clients to accept crypto payments and donations from online customers, send invoices quickly and accept bitcoin on a smartphone or tablet.
Focus: Financial Analytics
What they do: Oversight’s AI-powered platform enables companies to more easily find and manage spend risk. Their platform consolidates data from any source system to analyze 100 percent of companies’ spend, enabling them to make better spend decisions, correct out-of-policy behavior, maximize audit efficiency and eliminate cash leakage. Oversight’s client base includes Caterpillar, Facebook, McKinsey & Company, and Google.
Focus: Paperless Billing
What they do: Headquartered in Atlanta, Paymentus provides a payment network that allows consumers to pay billing companies in real-time through any funding method. Their customer engagement and payment platform allows direct-bill organizations to offer a unified customer experience and boost adoption of cost-saving electronic billing and payment solutions. Paymentus works with clients from a wide range of sectors including healthcare, telecommunications, education and government.
Global Payments Inc.
Focus: Cross-Border Payments
What they do: Global Payments Inc. provides electronic transaction processing services through its own electronic information networks. The company also offers B2B payment card and processing services such as money transfer, cash management and financial electronic data interchange. Based in Atlanta, Global Payments Inc. serves customers across North America, Latin America, Europe and Asia Pacific.
Focus: Credit Reporting + Fraud Prevention
What they do: Headquartered in Atlanta, Equifax is dedicated to utilizing data, analytics and technology to create insights that power decisions to move people forward. The company offers a variety of services such as free credit reports, placing or managing freezes, adding or managing a fraud or active duty alert and submitting a dispute. Equifax operates and has investments in 24 countries throughout North America, Central and South America, Europe and Asia Pacific.
Focus: Transaction Processing
What they do: InComm develops seamless and valuable commerce solutions, offering a range of products and services. The company makes the buying process easier for consumers while streamlining the selling process for product and retail partners. Boasting a presence in more than 30 countries, InComm works with organizations from a variety of sectors including healthcare, transportation, finance and travel.
Focus: Transaction Processing
What they do: Headquartered in Atlanta, NCR has developed consumer transaction technologies, which enable businesses to connect, interact and transact with customers. Operating in more than 180 countries, the company provides multichannel point-of-sale and managed hosted service solutions to organizations associated with retail, hospitality, travel, finance and entertainment. NCR’s client base includes Chipotle, Coastal Federal Credit Union, REI, Northgate Market and Firehouse Subs.
Focus: Processing Services + Lending Solutions
What they do: Fiserv provides solutions for mobile and online banking, payments, risk management, data analytics and core account processing. Serving clients in more than 100 countries, the company produces commerce-enabling technology that serves financial institutions, corporations, merchants and consumers. With more than 21,000 associates located worldwide, Fiserv is guided by its mission to help financial institutions, businesses and consumers move and manage money faster and more easily.
Focus: Supply Chain Finance
What they do: PrimeRevenue provides working capital financial technology solutions to organizations in over 80 countries. The company helps organizations optimize their cash flow to fund strategic initiatives, gain a competitive advantage and strengthen relationships across the supply chain. With the ability to support more than 30 currencies on a single cloud-based, multi-lingual, cross-border network, PrimeRevenue manages more than $200 billion in yearly payment transactions.
Focus: Payment Systems + Currency Exchange
What they do: Worldpay offers payments processing technology and solutions to merchant customers. Serving more than 20,000 clients in over 130 countries, the company uses an integrated technology platform to offer its global customers a comprehensive suite of products and services through a single provider. Worldpay is dedicated to advancing the way the world banks, pays and invests.
Focus: Payment Technology
What they do: Founded by Drew Edwards, Ingo Money has created a disbursements marketplace that enables businesses and banks to disburse instant, safe-to-spend electronic funds from any source. The company’s transformation of traditional payments helps businesses reduce costs and delays while improving the customer experience. Boasting network reach to more than four billion debit, prepaid, credit, private label credit, and mobile wallet accounts, Ingo Money has funded over $20 billion in transactions since its inception.
First Performance Global
Focus: Card Control + Fraud Prevention
What they do: First Performance Global has developed a platform that captures card transaction data in real-time by integrating with existing card authorization systems. The company’s platform enables the delivery of card data, geolocation information, controls, alerts, social media messaging, and more. First Performance Global allows card issuers to provide their customers with self-service automation and personalized management of their accounts while offering the ability to address timely market conditions.
Focus: Financial Analytics + Forecasting
What they do: PowerPlan offers a suite of accounting tax, budgeting and analytics software solutions, empowering clients to make decisions that improve overall corporate performance. The company provides complete visibility starting with forecasting and monitoring to scenario planning and analytics. PowerPlan works with clients from a wide range of sectors such as telecommunications, transportation and energy.
Focus: Residential Loans Exchange
What they do: Max Exchange serves as an exchange and clearing house for the purchase and sale of residential mortgage loans. The company connects qualified buyers and sellers of mortgage loans by providing standardized rules and regulations, independent loan reviews and ongoing loan and servicing surveillance. Max Exchange aims to provide an efficient alternative to the protracted litigation and arbitration proceedings associated with the mortgage finance industry.