It’s the first day of Black History Month, and this year’s theme is Resistance. We’ll be serving up related coverage all month, and today’s piece sets the scene.
In an effort to highlight Black founders in our industry, we gathered a list of 70 fintechs with Black founders. This is far from an exhaustive list of fintechs with African American founders, but it is a good representation of diverse, relevant* companies.
Helps users build credit through renting
Founders: Abbey Wemimo, Jeph Acheampong, Robert Henning, Samir Goel
Helps reduce delinquencies and increase revenue while helping people pay off debt sooner and with fewer penalties
Founders: Diana Frappier, Phaedra Ellis-Lamkins
Empowers general partners and limited partners to focus on building enduring relationships and investment opportunities
Founders: Adam Ginsburg, Alex Robinson, Yonas Fisseha
Provides a payment infrastructure for global merchants and payment service providers
Founders: Iyinoluwa Aboyeji, Olugbenga Agboola
Offers a payroll company for gig workers and contractors
Founder: Craig Jamal Lewis
Enables secure and seamless data transmission using the ultrasonic data technology
Founders: Chris Ostoich, Chris Ridenour, Josh Glick, Nikki Ridenour, Rodney Williams
Offers business loans, SBA loans, and commercial real estate loans for small business owners
Founder: Everett Sands
Provides a financial advice platform that powers SmartAdvisor, a marketplace connecting consumers to financial advisors
Founders: Michael Carvin, Philip Camilleri
Provides a next-generation, education-first banking experience for families
Founder: Tanya Van Court
Offers alternative data sets for data-driven investing
Founders: Gregory Ugwi, Justin Zhen
Provides an online marketplace that connects investors and operators of real estate
Founders: Jared Kushner, Joshua Kushner, Ryan Williams
Allows users to invest in private equity, venture capital, and hedge funds with no minimum.
Founder: Dakotah Rice
Transforms your debit card into a credit card
Founders: Carl-Alain Memnon, Christian-Robert Joseph, Patrick De Suza
Provides personalized investment management services that lets companies embed investment accounts into their services.
Founder: David Dindi
Offers a social investing platform where you can talk about investments with friends and make trades on the market.
Founders: Darian Bhathena, Jack Phifer, Michael Liu, Roger Cawdette
An all-in-one platform that offers financial tools to help creators grow their business
Founders: Arabian Prince, Chris Mendez, Chris Schwartz, James Jones Jr.
Provides income-constrained individuals with wealth-building cash advances
Founders: Mitchell Jones, Sheridan Clayborne
Helps accountants and finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software
Founder: George Azih
Offers a payment acceptance tool called TAP AND PAY
Founders: Alpesh Patel, Benjamin Aubin Jr., Terell Canton
Provides a personal, digital customer engagement platform for community banks and credit unions.
Founders: Craig Davis, Slaven Bilac
Develops a personal financial platform that improves the financial behaviors of underbanked communities
Founder: Wole Coaxum
Provides a SaaS-enabled market network and workflow management platform for accounting services
Founders: Anees Pretorius, Cono Onorato
Provides a modern financial operating system for construction, maintenance, and repair contractors
Founders: Jose Pons Vega, Wil Eyi
Builds deep tech companies powered by material science
Founders: Adam Sharkawy, Carmichael Roberts
Provides a community finance platform where members request and fund emergency needs
Founders: Jarrel Carter, Rodney Williams, Taylor Bruno, Travis Holoway
Modernizes central banks for financial inclusion and resilience
Founder: Carmelle Cadet
Offers a lending platform that provides short-term financing to qualified TV and Film productions
Founders: Janelle Alexander, Jon Gosier, Josh Harris, Mickey Vetter
Provides payment solutions for the healthcare sector
Founder: Ami Kumordzie
Offers an AI Financial Planner for underserved Americans
Founders: Gray Hoffman, Guy Assad, Sebastian Wigstrom
Helps Africans get credit, invest, get health insurance, and make payments
Founders: Akin Jones, Wale Akanbi
Helps essential professionals buy homes and build financial security near the communities they serve
Founded: Alex Lofton, Jesse Vaughan, Jonathan Asmis
Helps homeowners rebuild faster after natural disasters by paying general contractors up front
Founder: Demetrius Gray
Provides a B2B payment system designed to help small businesses to manage their payment transactions
Founders: Lara Hodgson, Stacey Abrams
Offers delivery workers digital banking tools and tools to improve their efficiency
Founders: Hantz Févry, Pierre Frederic Mombeleur, Semih Korkmaz
Provides a peer-to-peer lending platform that facilitates loans between family, friends, and loved ones
Founders: Anna Matilde Tanga, Brian Bristol
Offers a relationship-based lending application that simplifies and automates loans between friends, family, and trusted relationships.
Founders: Dennis Cail, Michael Seay
Helps consumers achieve their financial goals by combining financial education and automation
Founders: Christian Zimmerman, Nate Washington
Provides a digital banking and networking platform designed by and for Black small business owners
Founder: Kelly Ifill
Provides embedded trade solutions for Africa
Founders: Felix Orwa, Meka Este-McDonald, Scott Yacko
Offers mobile, cross-border money transfer services
Founders: Ham Serunjogi, Maijid Moujaled
Provides a rewards and loyalty infrastructure for banks and businesses in Africa
Founders: Harshal Gandole, Madonna Ononobi, Simeon Ononobi, Suraj Supekar
Offers a digital payment platform for the logistics industry
Founders: Akmann Van-Mary, Ryan Droege, Spencer Barkoff
Offers small-dollar credit lines built on bank and alternative data
Founders: Andy Burke, Kevin Bass, Max Klein
Democratizes access to tax records for business services companies
Founder: Matthew Parker
Offers an Automated Mortgage Advisor that simulates buying a home with multiple lenders to determine mortgage approval odds and affordability impact based on lifestyle
Founders: Bryan Young, Steven Better, Tim Roberson
Provides an operating system for active investment management, powering investment products, and experiences for retail investors
Founders: Clayton Gardner, Joe Percoco, Max Bernardy
Offers an offline distribution network for market research and financial services
Founders: Damilola Ayorinde, Oluwatomi Ayorinde
Provides intelligent financial modeling tools leveraging transaction-level data
Founder: Fady Hawatmeh
Offers an online bank for small businesses with built-in accounting software
Founders: Frantz Romain, Vin Montes
Provides an investing platform that allows users to build risk-managed investment portfolios aligned with their interests
Founder: Michael Haddix Jr.
Creates products that deliver a collaborative cash experience for group transactions
Founders: Boateng Opoku-Yeboah, Landon Vago-Hughes, Tunde Alao
Offers a global split payment platform built for co-creators on any project, anywhere
Founders: Adam Clabaugh, Mangesh Bhamkar, Marcus Cobb, Rachel Knepp
Help SMEs in Africa and other emerging markets grow by providing them with short term capital
Founders: Marvin R. R. Cole, Viola Llewellyn
Enables lenders to open more accounts by showing users the actions necessary to meet eligibility for their financial goals
Founders: Abb Kapoor, David Potter
Offers a digital banking platform for Black and Latinx people and business owners
Founders: Andrew Young, Michael Render, Ryan Glover
Offers modern technologies and solutions through digital banking and faster payments
Founders: Eli Polanco, Philippe Legault
Provides an AI-powered 401K alternative stock investing platform helping everyday investors retire early
Founders: Ben Malena, Johnathon Albercrombie, Lakeisha Turner, Ronnie Green
Connects online businesses with funding options
Founder: Rich Serunjogi
Develops new pathways to help traditionally risk-challenged U.S. consumers purchase their dream home
Founder: Castleigh Johnson
Offers financial literacy education games, curriculum, and fintech products
Founders: Angel Rich, Courtney Keen, Harjeet Singh
Offers a lending platform that provides up to $250k to revenue-generating women-led businesses
Founders: Roshawnna Novellus, Tiara Zolnierz
Partners with mortgage lenders to offer a seamless digital homebuying experience for their clients
Founders: Frederick Townes, Marcos Carvalho, Mauro Repacci
Provides a financial wellness platform that helps people to live happier lives while helping businesses increase profits
Founder: Dani Pascarella
Offers a cross-border health marketplace for global migrants
Founder: Samuel Baddoo
Creates a smart wallet that uses for payment processors and financial institutions
Founder: Hanoi Morillo
Helps reduce household student debt in the U.S.
Founder: David Adefeso
Helps users build credit with everyday payments and subscriptions
Founders: Ayush Jain, Michael Broughton
Gives users up to 15% cashback on their everyday shopping and provides banking services
Founders: Daricus Releford, Phani Mullapudi, Sheetal Ravi
Helps people take control of their financial future
Founders: Deji Jimoh, Trilliam Jeong
*We determined relevancy using CB Insights’ CB Rank.
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- Source: https://finovate.com/70-fintechs-founded-by-african-americans/
