On the B2B side, apps like Wave help businesses pay bills, do bookkeeping and send payroll. In 2021, global fintech funding reached a record $132 billion, accounting for 21% of all venture capital dollars. In 2022, global funding for fintech companies contracted to $75.2 billion, a 46% drop from 2021. However, in 2024, startup funding reached $314 billion, a 3% increase over the previous year. However, not all startup funding goes to fintech companies, so this is a soft indicator. Consumers are becoming increasingly comfortable using technology to manage their finances.
Best Accounting Services for Fintech Startups
It supports high-volume cross-border disbursements and payouts through a single integration. Nium’s strength lies in its geographic reach and ability to handle complex payment flows at scale. The platform serves banks, fintechs, and enterprises that need reliable global payment capabilities. Wise Business provides multi-currency accounts and international payments using mid-market exchange rates with transparent pricing. Businesses can hold and manage balances in multiple currencies and send payments to partners, suppliers, and employees worldwide. Wise focuses on simplicity and cost efficiency, making FX expenses predictable and easy to understand.
Global
The best accounting services for startups fintech tools for crypto enable safe, scalable engagement with blockchain-based finance. Let’s continue the top 100 fintech tools and platforms with payments and foreign exchange (FX) management. Managing payments and FX is mission-critical for businesses operating across borders or handling multi-currency revenue streams.
NEWGEN PAYMENTS
PhonePe’s app allows users to pay their bills, invest, shop, transfer money and check their credit score all in one place. The Bangalore-based company is owned by American retail giant Walmart, and currently dominates transactions on the Unified Payments Interface. It has also launched its own app store, positioning itself as a competitor to the Google Play store. From digital payments to online trading, these tech companies are bringing India’s finance industry into the digital age. We make sure you maximize every tax credit, deduction, and incentive, and we provide strategic tax planning to support your long-term growth.
Custom FinTech development provider
At the same time, disruption in the finance tech stack will see much greater efficiencies and capabilities to help deal with these challenges. Burkland supports hundreds of high-growth startups, including some of the most innovative names in fintech. Our accountants are empowered to evaluate, test, and recommend the best tools for each client’s needs. And we do it all with robust risk management, strong internal controls, and a deep commitment to data security. We specialize in providing high-level accounting services tailored specifically for VC-funded startups.
COMPLIANCEWISE
In this blog, we’ll explore the importance of third-party vendor compliance and offer tangible steps to mitigate risks—so you can confidently leverage outside expertise without jeopardizing your operations. If you have questions about connecting your financial accounts to a Plaid-powered app, visit our consumer help center https://ecommercefastlane.com/accounting-services-for-startups/ for more information. For example, it’s increasingly likely that friends and family who want to send money to each other will use Cash App or PayPal rather than exchange cash or checks in person or via the mail.
Be the Bank
Certain platforms derive revenue from referral fees, generating income from connecting users to potential additional financial service providers. Interchange fees from card transactions, usually shared with partners based on the value chain, comprise a revenue source for many fintechs. Fintech presents several unique challenges for finance and accounting teams in preparing accurate and reliable reporting. By comparison, SaaS and e-commerce models typically require relatively fewer sources of data to inform accounting transactions at a given stage of growth.
- Some fintechs are even using stablecoins for payments or treasury, adding another layer of complexity that traditional accounting tools aren’t built to handle.
- The company’s fund management software provides a unified platform to replace outdated legacy systems and manual spreadsheets.
- Bitwave is a crypto accounting, tax, and compliance platform designed for businesses that transact in digital assets.
- Access 15-months of invoice history, utilize analytics by expense category, choose your preferred way to pay invoices, and monitor invoice payments.
- This frequently includes expanding access to financial products, lowering fees, and providing faster, more personalized service.
- HighRadius integrates with ERP systems and banking data to deliver near real-time insights.
- It is particularly valued in competitive markets where frictionless onboarding drives growth.
- Synctera aims to reduce the friction of launching fintech products in regulated environments.
- Basiq is an open banking and financial data platform focused on Australia and the broader Asia-Pacific region.
- Teams can segment customers, trigger automated reminders, and manage collector tasks from a structured worklist, reducing time spent on repetitive chasing.
- Whether users want to buy a home, take a year off to travel or plan for retirement, Wealthfront helps them plan for the future.
- The team at Rooled has worked with many leading fintech companies and developed key skills and knowledge around the challenges for finance teams in fintech ventures.
It focuses on predictive analytics and automation to improve liquidity planning and reduce manual forecasting. HighRadius integrates with ERP systems and banking data to deliver near real-time insights. The platform is often adopted by corporates looking to modernise treasury and order-to-cash operations at scale. Vena Solutions provides an Excel-native planning and reporting platform that balances familiarity with control. It enables finance teams to build structured budgets, forecasts, and consolidations using spreadsheets backed by a centralised database. Vena improves collaboration, auditability, and data governance while preserving existing spreadsheet models.
