5 Fintech AI Startups to Follow in 2024

The Influence of AI in Fintech

Artificial intelligence is transforming financial services, creating value for both financial institutions and consumers, including increased efficiency, improved accuracy, personalized services, better risk management and scalability.

Here are five fintech companies using AI and other data-driven technologies to deliver more value to customers:

FundGuard

FundGuard is a cloud-native SaaS platform for investment management and administration that is powered by AI. FundGuard helps asset managers and their service providers to manage mutual funds, ETFs, hedge funds, insurance products, and pension funds, supporting digital transformation, operations automation, AI-based insights, resiliency, and migration to the cloud. Customers include State Street and Citi. 

FlowFi

Traditional accounting services are often slow and focused on the three standard financial statements — balance sheets, cash flows, and income statements. This is not enough for high-growth businesses who rely on real-time key performance indicators (KPIs) to inform business decisions and strategy. FlowFi brings together a comprehensive technology platform with a network of experienced finance professionals, who use FlowFi’s platform to provide personalized financial services and advisory. FlowFi’s software provides its financial professionals with AI and other workflow automation to introduce efficiencies in their processes. Customers include 50+ venture-backed & traditional “Main Street” businesses. 

Lendio

Lendio is transforming small business lending by connecting small businesses, lenders, and small business service providers through a single integrated technology platform. Lendio provides purpose-built software that automates small business loan decisioning and underwriting for both banks and digital lenders, uses AI to match small businesses to the financing offers that best meet their needs, and embeds a full small business loan marketplace directly within small business service providers’ platforms – all of which work together to get small businesses access to the capital they need to be successful. Since 2011, Lendio has facilitated more than 400,000 small business loans and other financing options totaling over $15 billion.

Angle Health

Angle Health democratizes access to modern healthcare by unifying today’s fragmented healthcare benefits system into one core coverage and delivery platform. With an initial focus on the employer-sponsored health plan segment – a $1.2+ trillion market covering over 155 million Americans – Angle Health covers tens of thousands of members on its fully-insured and self-funded products since launching in 2021.

Angle Health drives efficiencies across the value chain through its digital-first platform— from instant underwriting for brokers and streamlined administration for employers to personalized care navigation for members. With access to a national network of healthcare providers and facilities, Angle Health is the health benefits provider for modern employers, now servicing tens of thousands of employees and members across the country. Angle Health uses AI to support real-time pricing and underwriting of products, offer personalization of healthcare services and optimizing operations. 

Pontera

Pontera is on a mission to help millions of Americans retire better by enabling financial advisors to manage, rebalance, and report on assets in held-away accounts, including 401(k)s, 403(b)s, and more. The platform leverages machine learning to work across many account types and seamlessly integrate with existing portfolio management tools to help advisors improve their clients’ financial outcomes. Pontera serves leading financial advisory firms in the US, including Carson Group, Dynasty Financial Partners, OneDigital Investment Advisors, and SageView Advisory Group. We also integrate with portfolio management platforms including Envestnet, BNY Mellon’s Wove, Orion, and more. Core to our service is high-quality data on both public and private funds and transactions inside 401(k)s, 403(b)s, and other retirement plan accounts. 

Learn more about how fintech startups and leaders are using AI to improve productivity and performance here.