Three disruptive fintechs transforming finance
1 ) Stripe Yet to file its initial public offering , keeping the investment world guessing , Stripe is the most anticipated IPO of the year , with a valuation of US $ 95bn . Founded by Patrick and John Collison in 2010 , the young Irish brothers knew their idea was brilliant but could not have anticipated the success that followed . Stripe has transformed the e-commerce marketplace by providing a secure , easyto-use , and cost-effective solution to online payments . The system is so user friendly that it can be set up by non-coding developers , which means businesses of all sizes can manage all manner of transactions through their online portals .
2 ) Sokin Launched in 2020 , Sokin is a relative newcomer to the fintech space , but this payment transfer company makes crossborder payments incredibly cheap and simple , through its subscription-based account service that cuts out the high fees associated with international transfer
payments . Account payees and recipients simply open an account and can send or receive payments instantly . Massively appealing to the global migrant worker populations , Sokin is also tapping into its market potential by sponsoring major football teams . It ’ s currently partnered with four UK premier league teams and has just signed an agreement with the US-based Miami Dolphins .
3 ) Robinhood Bringing big-time investment opportunities to armchair players , Robinhood hit the headlines last year when its users played the market over the notorious GameStop shares and almost ended up costing Wall Street investors billions of dollars in losses . Ultimately , Robinhood capitulated to big business and prevented further trading as the drama unfolded , even drawing comments from world leaders . The company proved that the power of fintech is ultimately down to its user communities , who showed they were true Davids to the Wall Street Goliaths .
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