Boston's Fintech Scene: Emerging Companies To Watch In 2024

As Boston continues establishing itself as a fintech hub, several companies are leading the charge with innovative solutions and impressive growth. In the lead-up to the Benzinga Fintech Deal Day & Awards 2024, let’s take a closer look at some of the rising fintech stars in Boston.

Flywire

Flywire, established in 2011, is a global payments enablement and software company dedicated to improving payment experiences worldwide. By combining a next-gen payments platform, proprietary payment network, and industry-specific software, Flywire helps clients and their customers manage payments seamlessly, regardless of location.

With over 1,200 employees across 12 offices worldwide, Flywire supports more than 4,000 clients in education, healthcare, travel, and B2B. It spans 240 countries and handles 140 currencies. Flywire’s achievements include winning the Singapore MAS Fintech Festival award and listing on the Nasdaq Exchange.

Circle

Founded in 2013, Circle aims to transform the global economy with its digital currency, USDC, backed by the U.S. dollar and always redeemable at 1:1. Circle’s mission is to enable secure, frictionless global economic transactions. By working closely with regulators, Circle ensures that USDC meets and exceeds stablecoin standards, making it a powerful tool for modern financial transactions.

Vestmark

Located near Boston in Wakefield, MA, Vestmark has been providing portfolio management and trading solutions for over two decades. Vestmark enables wealth management firms, investment managers, and advisors to scale their businesses by offering personalized investment solutions. Their innovative technology supports over $1.5 trillion in assets and more than five million accounts, helping financial institutions manage and trade customized client portfolios efficiently.

Forward Financing

Based in Boston, Forward Financing offers fast, flexible funding to small businesses that traditional financing options have underserved. Since its inception in 2012, the company has provided over $2.6 billion in financing to more than 58,000 small businesses. Forward Financing’s commitment to financial opportunity, direct communication, and kindness fosters a positive workplace culture with a diverse team of approximately 450 employees across the United States and the Dominican Republic.

Hometap

Founded in 2017, Hometap offers a unique home equity investment product, allowing homeowners to access cash without loans or monthly payments. By investing alongside homeowners, Hometap provides a stress-free way to leverage home equity for various financial needs, such as paying off debt or funding renovations. Hometap’s mission is to make homeownership more accessible and less stressful, empowering homeowners to make smart financial decisions.

Own Up

Established in 2016, Own Up is transforming the mortgage industry by providing a transparent and consumer-friendly approach to home financing. The company’s platform allows users to evaluate lenders, compare loan offers, and update pre-approval letters, simplifying home-buying. Own Up’s expert advisors offer unbiased advice, helping homebuyers make informed decisions and secure better financial outcomes.

Numerated

Numerated focuses on enhancing the commercial lending experience through data and AI. The company’s digital lending platform streamlines the origination process for business banking products, from application to decision to close. Used by financial institutions with combined assets of $1 trillion, Numerated has processed $50 billion in lending, benefiting over 400,000 businesses and 30,000 financial institution associates. Recognized as one of the top fintechs, Numerated continues to innovate in business banking.

FinTech Sandbox

FinTech Sandbox is a nonprofit that supports the global fintech community by providing free access to data and resources for early-stage startups. Founded in 2014, the organization partnered with over 40 data providers and numerous corporate sponsors, assisting over 240 startups worldwide. FinTech Sandbox aims to accelerate product development by removing barriers to data access and fostering innovation and growth in the fintech sector.

These companies exemplify Boston’s vibrant fintech scene, showcasing the city's contributions to financial technology. As we look forward to the Benzinga Fintech Deal Day & Awards 2024, these firms highlight the advancements and entrepreneurial spirit that will be celebrated at the event.

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