9 Global Fintech Startups Founded in the Last 6 Months

The payments industry is witnessing numerous innovations being driven by startups. The new companies in the payments arena are working hard at disrupting the entire payments ecosystem. A number of startups have emerged in recent times challenging the existing established players. Here are some notable startups that have surfaced in the past 6 months:


Bsavi is a new personal finance startup that offers a money management tool to help people save money as they plan to spend on a daily basis. It shows users exactly how much they can spend on a daily basis after all their planned and fixed expenses have been accounted for. It has a feature called Daily Available Cash, which acts as the catalyst for many forthcoming features such as credit monitoring, mobile payments, crowd savings and more. The Cape Town-based startup has set out to disrupt and reinvent the global financial ecosystem with its social, financial data transaction exchange, which is designed for use by banks, credit providers and retail & commerce companies to securely connect to users’ financial graphs on their own terms.


The company behind Even, a mobile money management app, has raised $1.5 Mn in seed funding. The company offers low-income workers, who are awaiting paychecks, interest-free credit. The company’s key services provide workers with alternatives to payday loans and other traditional lending products where compounding debt makes things difficult for workers. The company’s idea is to offer consumers with interest free credit to get them through bad days. Customers using the Even app allow the company to manage the money on behalf of their customers. During the financially ‘normal’ days, the company keeps a little money aside as backup credit. During the financially unstable days, users can tap into that credit to pay bills and handle other expenses.

Moka (Founding Date: July 1, 2014)

Moka is a Jakarta-based startup that focuses on building mobile point-of-sale (mPOS) systems for restaurants and retail. Moka charges its users a monthly subscription fee, depending on the number of items they carry. Transaction data is stored in the cloud which means business owners can access real-time sales data anytime, anywhere. Moka seeks to make mPOS capabilities accessible to everyone, by providing solutions for ringing up transactions, accepting payments, and creating reports. Now with Moka, the only thing vendors need in order to implement the cloud-based POS system is an iPad.

Yodo (Founding Date: October 8, 2014)

Yodo provides a unique mobile money service based on CASH which allows merchants to accept payments effectively and ensuring loyalty in the process. Yodo is a mobile payment system which converts cash (coins and bills) into electronic funds to be used as a cash replacement for small purchases and peer to peer money transfers. A personal Yodopay account is automatically created when the merchant scans a user’s handset to tender cash in excess of the goods or services being purchased. The change is stored online rather than being returned. Customers can enjoy the convenience of saving and spending money without the inconvenience of carrying or making change.

Mypat (Founding Date: August 11, 2014)

Mypat offers real-time analytics for payments. Mypat helps businesses to increase revenue by understanding and monitoring customer behavior and receiving strategic recommendations based on analytical insights. Keys features of the company’s services:

  • Know your customers’ behavior exactly, understand your business dynamics and get strategic decisions using mypat insights.
  • Increase your revenue, decrease your costs, track and control the payment and refund transactions with real-time payment analytics.
  • Monitor and manage payment infrastructure, virtual POS and system downtime by mypat proactive monitoring, dashboard and notifications.

Debitize (Founding Date: July 28, 2014)

The company offers a financial application that gives consumers the security and benefits of credit with the financial responsibility of debit. Debitize is a breakthrough financial tool that combines the benefits of both credit cards and debit cards. Now you can earn more rewards, build your credit score, and take advantage of better security and fraud protection, all without sacrificing the financial responsibility you enjoy with debit.

TrustPlus Digital (Founding Date: July 4, 2014)

TrustPlus Digital is a social exchange platform that uses digital currency to measure trust and trade within personal circles. TRUSTplus Digital is the first legal Anon Coin that can conceal real transactions. It is also dubbed as AutoTransactions. The company gives users the ability to make a large number of transactions over time, so any one transaction can nestle right inside the smoke screen. The system produces a Trust Score representing a returned (loan) Auto Transaction. The company is also developing a Digital Currency Wallet Directory so people can pay using email or social usernames.

ACCESS Bill Pay Services (Founding Date: September 1, 2014)

ACCESS Bill Pay Services is a money service bill pay business designed to assist legal medical cannabis dispensaries who do not have access to traditional bank accounts with paying their monthly bills, payroll, payroll taxes and other operating expenses. ACCESS will provide a unique and needed alternative financial service to these businesses and other non-traditional customers in this under-banked market segment. The company is seeking start up investment with an expected exponential growth rate due to 22 states having legalized medical cannabis dispensaries creating a multi-billion dollar industry in the coming 5 years.

Order Dragon (Founding Date: July 1, 2014)

Order Dragon is a small start up with a big vision. It aims to be a payment gateway aggregator for collecting payments and subscriptions using any payment gateway in the world. The company offers a UNIVERSAL API for all payment gateways. A single line of code brings in all the payment gateways of your choice into your website effortlessly. The company’s vision is to help business owners collect payments quickly and easily. The company claims that it’s as easy as just pasting a line of code and getting all the Payment gateways of your choice inside your website.