Connecticut's fintech sector is carving out its identity in the financial technology landscape. This industry includes firms engaged in digital banking, payment solutions, and investment platforms, often emphasizing innovation to enhance user experience. Companies are leveraging technology to offer improved services like mobile banking, cybersecurity measures, and streamlined payment systems. As digital finance continues to evolve, trends point towards increased partnerships, a focus on compliance, and the drive for greater financial inclusivity. Emerging players are also recognizing the need for solutions that address sustainability and the challenges posed by regulatory changes, indicating a proactive approach to ongoing industry developments.

This list features 19 fintech companies based in Connecticut, showcasing a mix of private and venture-backed firms. The sizes range from small teams of under 50 to larger companies with hundreds of employees. These firms, founded from 1998 to 2023, provide various services, including banking tech, payment processing, and funding solutions, with notable headquarters in Southington, Darien, and Stamford. Their specialization reflects a focus on both consumer needs and business finance solutions, underscoring the breadth of the sector's innovation and adaptability in a competitive market.

Continue reading to discover the top fintech companies in Connecticut.

Top 19 Fintech Companies in Connecticut

1. Cocc

• Website: cocc.com
• Ownership type: Private
• Headquarters: Southington, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $9.2M, May 2023
• Founded year: 1967
• Headcount: 501-1000
• LinkedIn: cocc

Cocc, based in Southington, Connecticut, is a private financial technology company founded in 1967. With a workforce of approximately 836 employees, Cocc specializes in providing a range of banking solutions, including core banking systems, digital banking platforms, and cybersecurity services. The company primarily serves community banks and credit unions, helping these institutions improve their operational efficiency and customer engagement through innovative technology solutions. Cocc's product suite includes services such as digital account opening, cash management, and continuous security monitoring. In May 2023, Cocc secured $9.15 million in funding, reflecting its commitment to growth and adaptation in the evolving financial technology landscape. Their focus on partnership and collaboration with clients underscores their dedication to supporting community financial institutions in navigating the complexities of modern banking.

2. DR Bank

• Website: drbank.com
• Ownership type: Private
• Headquarters: Darien, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: drbank

DR Bank, established in 2010 and located in Darien, Connecticut, is a private banking institution that offers a variety of financial services tailored for both individual consumers and businesses. The bank provides personal and business banking, commercial lending, and fintech solutions, aiming to help clients manage their finances effectively. With branches in Darien and Rowayton, DR Bank serves the local community while also emphasizing the importance of digital banking. The bank's commitment to integrating fintech innovations is evident in its focus on enhancing customer experience through technology, such as mobile banking and online services. Additionally, DR Bank has been involved in discussions around cybersecurity in fintech, highlighting its awareness of the challenges and responsibilities that come with digital financial services. The management team at DR Bank includes professionals with extensive experience in both traditional banking and fintech, further supporting its mission to blend conventional banking with modern technological solutions.

3. Rellevate, Inc.

• Website: rellevate.com
• Ownership type: Venture Capital
• Headquarters: Stamford, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $3.6M, June 2022
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: twinwood-ventures-llc

Rellevate, Inc., founded in 2019 and based in Stamford, Connecticut, is a financial services company that specializes in digital banking and payment solutions. The company aims to empower employees by providing immediate access to their earned wages through its innovative 'Pay Any-Day' feature. This service allows users to access up to 50% of their pay before the scheduled payday, helping to alleviate financial stress and reduce reliance on payday loans. Rellevate also offers digital accounts, a Visa® debit card, and gift card services, catering to both employers and employees across various industries, including education, healthcare, and construction. With a workforce of around 43 employees and recent funding of over $3.6 million, Rellevate is positioned to make a significant impact in the fintech space by promoting financial wellness and flexibility for its users.

4. Ion Bank

• Website: ionbank.com
• Ownership type: Private
• Headquarters: Naugatuck, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1998
• Headcount: 201-500
• LinkedIn: naugatuck-savings-bank

Ion Bank, founded in 1998 and based in Naugatuck, Connecticut, is a private financial institution that offers a variety of banking services tailored for both individual consumers and businesses. The bank provides products such as loans, credit cards, and investment options, with a strong emphasis on building long-term relationships with its customers. Ion Bank serves primarily the Connecticut and New Jersey markets, focusing on community support and engagement. The institution prides itself on its technological capabilities, offering online and mobile banking solutions that allow customers to manage their finances conveniently. Additionally, Ion Bank is committed to community involvement through its foundation, which supports local non-profit organizations and initiatives. This commitment to community and technology positions Ion Bank as a relevant player in the fintech industry.

5. Dcg

• Website: dcg.co
• Ownership type: Venture Capital
• Headquarters: Stamford, Connecticut, United States (USA)
• Employee distribution: United States (USA) 85%, India 6%, United Kingdom (UK) 3%, Other 6%
• Latest funding: Other (Debt), $600.0M, November 2021
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: digital-currency-group

Digital Currency Group (DCG) is an investment firm based in Stamford, Connecticut, that focuses on blockchain and cryptocurrency. Founded in 2015, DCG has positioned itself as a key player in the financial technology sector by providing a range of services that include equity and fund investments, crypto asset management, and institutional financial services. The firm supports businesses and individuals in navigating the complexities of the digital asset landscape, facilitating access to capital and investment opportunities. DCG is the parent company of several notable entities, including Grayscale Investments, the largest digital currency asset manager, and Foundry, which specializes in digital asset mining and infrastructure. With a portfolio that spans over 200 companies in 35 countries, DCG plays a pivotal role in the growth and development of the blockchain ecosystem. The company secured $600 million in funding in November 2021, further solidifying its financial backing and operational capabilities in the rapidly evolving fintech space.

6. Bbn

• Website: acbb.com
• Ownership type: Private
• Headquarters: Glastonbury, Connecticut, United States (USA)
• Employee distribution: United States (USA) 67%, Czech Republic 33%
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: bankers%27-bank-northeast

Bbn, known as ACBB, is a private bankers' bank based in Glastonbury, Connecticut, founded in 1998. With a workforce of approximately 177 employees, ACBB specializes in providing a comprehensive suite of financial services to community banks and credit unions across the United States. Their offerings include correspondent banking, risk management, and various lending services, all designed to assist clients in navigating the complexities of regulatory compliance and operational efficiency. ACBB also emphasizes fintech solutions, such as instant payments and treasury management, which are crucial for modern financial operations. The company serves over 400 clients in 16 states, facilitating international transactions and providing educational resources to enhance the capabilities of its partners. Their focus on community financial institutions underscores their commitment to supporting the backbone of the banking sector.

7. Choice Merchant Solutions

• Website: choicemerchantsolutions.com
• Ownership type: Private
• Headquarters: Hartford, Connecticut, United States (USA)
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: choice-merchant-solutions

Choice Merchant Solutions, founded in 2009 and based in Hartford, Connecticut, is a private payment processing and financial services provider. The company specializes in offering integrated payment solutions and funding options tailored to the needs of businesses across various sectors. Their services include advanced payment processing software, invoicing systems, and a robust merchant portal that allows businesses to manage transactions efficiently. With a focus on customer satisfaction, Choice Merchant Solutions provides 24/7 technical support to ensure that clients can operate smoothly. The company has established itself as a reliable partner for businesses seeking to enhance their payment management and financial capabilities. They have also recently rebranded to Vendara, indicating a strategic shift or expansion in their service offerings. This evolution reflects their ongoing commitment to innovation in the fintech space.

8. Paygilant

• Website: paygilant.com
• Ownership type: Venture Capital
• Headquarters: New Haven, Connecticut, United States (USA)
• Employee distribution: Israel 78%, United States (USA) 11%, Nigeria 11%
• Latest funding: December 2022
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: paygilant

Paygilant, founded in 2015 and based in New Haven, Connecticut, is a fintech company that specializes in fraud prevention solutions specifically designed for digital banking and payment systems. With a team that boasts over 20 years of industry experience, Paygilant offers tailored fraud detection and analytics services aimed at enhancing security while ensuring a seamless user experience. Their solutions are particularly beneficial for fintech companies and digital banks, as they provide a fully managed service that includes a dedicated tech and fraud team. Paygilant employs a unique approach that utilizes six intelligence sets to monitor user behavior and device attributes, allowing for the detection of potential fraud from the moment a customer opens an app. The company has garnered attention for its innovative technology and was included in the Efma-Capgemini Financial NewTech Watchlist 2021, indicating its growing influence in the fintech sector.

9. Trident Digital

• Website: tridig.io
• Ownership type: Private
• Headquarters: Stamford, Connecticut, United States (USA)
• Employee distribution: United Kingdom (UK) 61%, United States (USA) 26%, Switzerland 13%
• Founded year: 2023
• Headcount: 11-50
• LinkedIn: tridig

Trident Digital, based in Stamford, Connecticut, is a financial technology firm established in 2023. The company specializes in digital asset lending solutions, providing a platform that connects lenders and borrowers. This platform is designed to enhance market liquidity and security, particularly in the wake of challenges faced by centralized lenders in the digital asset space. Trident Digital's services include a lending conduit that facilitates transparent connections between lenders and borrowers, as well as bespoke solutions addressing liquidity, tax, and regulatory issues. The team comprises experienced professionals from Wall Street and the digital asset sector, bringing expertise in lending, credit, and risk management. Trident Digital is actively involved in discussions and research related to the evolving landscape of digital assets, indicating its commitment to addressing market challenges and fostering growth in the fintech industry.

10. Meratas

• Website: meratas.com
• Ownership type: Venture Capital
• Headquarters: Stamford, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Seed, October 2022
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: meratas

Meratas, founded in 2019 and based in Stamford, Connecticut, is a financial services firm that specializes in a multi-lender marketplace for student and personal loans. The company connects borrowers with a network of lenders, enabling them to compare loan offers and prequalify without impacting their credit score. This service is particularly beneficial for students and individuals seeking financial assistance for education. Meratas does not provide financing directly; instead, it facilitates access to various lenders, enhancing the borrowing experience. The company has positioned itself as a resource for educational financing, offering a streamlined application process that allows users to receive personalized loan rates quickly. With a small team of 15 employees, Meratas is still in its early stages but has shown potential for growth in a vital sector of the fintech industry.

11. Integrity Merchant Solutions

• Website: integritymerchantsolutions.com
• Ownership type: Private
• Headquarters: Glastonbury, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: integrity-merchant-solutions

Integrity Merchant Solutions, founded in 2009 and based in Glastonbury, Connecticut, is a private payment processing company that specializes in credit card processing, e-commerce solutions, and point of sale systems. With a workforce of approximately 51-200 employees, the company serves a wide array of industries, including healthcare, retail, education, and non-profits. Their mission is to help businesses reduce credit card fees through innovative technology and personalized support. Integrity Merchant Solutions prides itself on offering no hidden fees and maintaining stable pricing for its clients, which is a significant differentiator in the competitive payment processing market. They are also an accredited member of the Better Business Bureau, boasting zero complaints over their 11 years of operation, which underscores their commitment to customer satisfaction and service excellence.

12. The NBS Group

• Website: thenbsgroup.com
• Ownership type: Private
• Headquarters: Wethersfield, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2023
• Headcount: 1-10
• LinkedIn: the-nbs-group

The NBS Group, based in Wethersfield, Connecticut, is a consulting firm that provides specialized services in strategy, technology, and performance improvement for financial institutions. Founded in 2023, the firm has roots tracing back to 1988, when its founders began their journey in financial consulting. The NBS Group assists banks, credit unions, and fintechs in optimizing their operations and enhancing technology integration. Their expertise spans various areas, including project management, digital transformation, regulatory compliance, and performance evaluations. They have worked with a range of clients, from community banks to larger fintechs, helping them navigate challenges and implement effective solutions. The firm prides itself on delivering tailored strategies that empower clients to thrive in a competitive financial landscape.

13. Oasis Pro Markets

• Website: oasispromarkets.com
• Ownership type: Venture Capital
• Headquarters: Darien, Connecticut, United States (USA)
• Latest funding: Series A, $27.0M, May 2022
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: oasispromarkets

Oasis Pro Markets LLC, based in Darien, Connecticut, is a financial services firm that specializes in digital securities and alternative trading systems. Founded in 2008, the company has carved out a niche by providing a platform for accredited and institutional investors to trade digital securities, thereby facilitating access to private market investments. Oasis Pro Markets operates the OATSPRO, the first U.S.-regulated alternative trading system authorized to allow trading of digital securities and payments in both digital cash and fiat currency. The firm emphasizes streamlined onboarding processes for its clients, ensuring that accredited investors can easily access a range of investment opportunities. In May 2022, Oasis Pro Markets secured $27 million in a Series A funding round, reflecting its growth potential and the increasing interest in digital asset trading. The company is also involved in partnerships aimed at enhancing the tokenization of real-world assets, further solidifying its role in the evolving fintech landscape.

14. NEOS Consulting

• Website: neosllc.com
• Ownership type: Corporate
• Headquarters: Hartford, Connecticut, United States (USA)
• Latest funding: December 2020
• Founded year: 2000
• Headcount: 11-50
• LinkedIn: neos-%26-vgo-software-inc

NEOS Consulting, known as Capco, is a consulting firm based in Hartford, Connecticut, founded in 2000. The company specializes in digital transformation for the financial services industry, providing consulting, technology, and digital services. Capco serves a wide range of clients, including banks, insurance companies, and other financial institutions, helping them improve operational efficiency and innovate their business processes. With a workforce of around 46 employees, Capco operates globally, leveraging its expertise to deliver tailored solutions that address the unique challenges faced by its clients. The firm has not reported any recent funding, indicating a stable operational model that relies on its consulting capabilities rather than external investment.

15. Siena Lending Group LLC

• Website: sienalending.com
• Ownership type: Private
• Headquarters: Stamford, Connecticut, United States (USA)
• Employee distribution: United States (USA) 95%, Canada 5%
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: siena-lending-group-llc

Siena Lending Group LLC, founded in 2012 and based in Stamford, Connecticut, operates as an asset-based lender focused on providing flexible financing solutions to lower and middle-market companies. The firm specializes in asset-based loans ranging from $7 million to $100 million, catering to businesses that often face challenges in securing traditional bank financing. Siena's clientele spans various industries, and the company is known for its expertise in handling complex transactions. They have developed proprietary technology, ABLServe, which simplifies collateral reporting and enhances the client experience by streamlining the borrowing process. Siena has successfully closed over $2 billion in facilities since its inception, demonstrating its active role in the financial sector. The firm is a portfolio company of Business Development Corporation of America, an affiliate of Benefit Street Partners LLC, which underscores its established presence in the market.

16. CoreChain Technologies

• Website: corechain.tech
• Ownership type: Venture Capital
• Headquarters: New Haven, Connecticut, United States (USA)
• Latest funding: Seed, $4.2M, April 2022
• Founded year: 2019
• Headcount: 1-10
• LinkedIn: corechainb2b

CoreChain Technologies, founded in 2019 and based in New Haven, Connecticut, is a financial technology firm that specializes in B2B payments and supply chain finance solutions. The company provides a platform that simplifies vendor payments, reduces fraud risk, and enhances cash flow for businesses, especially in the manufacturing sector. CoreChain's services include digital payment solutions and working capital options, allowing customers to access lines of credit based on their payment volume and purchase order activity. With over $1 billion in B2B payments processed, CoreChain has established a robust network that includes more than 240,000 suppliers and various financial institutions. Their technology integrates seamlessly with existing ERP systems, making it easier for finance managers and business owners to manage payments efficiently. The company has raised $4.2 million in seed funding as of April 2022, which supports its growth and development in the fintech space.

17. General Merchant Funding

• Website: generalmerchantfunding.com
• Ownership type: Private
• Headquarters: Hartford, Connecticut, United States (USA)
• Employee distribution: United States (USA) 75%, Nigeria 25%
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: general-merchant-funding

General Merchant Funding, established in 2009 and based in Hartford, Connecticut, specializes in providing financial services aimed at small and medium-sized businesses. The company offers a variety of financing products, including unsecured loans, merchant cash advances, term loans, equipment financing, and lines of credit. Their services are designed to be accessible, even for businesses with less-than-ideal credit profiles. Over the years, General Merchant Funding has facilitated over $200 million in unsecured capital, helping businesses manage cash flow, expand operations, and invest in growth. The firm prides itself on understanding the unique challenges faced by business owners, drawing from the founders' own experiences in entrepreneurship. Their quick application process and commitment to customer service have made them a trusted partner for many businesses seeking financial support.

18. DaLand CUSO LLC

• Website: dalandsolutions.com
• Ownership type: Private
• Headquarters: Rocky Hill, Connecticut, United States (USA)
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: daland-solutions-llc

DaLand CUSO LLC, founded in 2011 and based in Rocky Hill, Connecticut, is a financial technology firm dedicated to serving community financial institutions. With a workforce of 11 to 50 employees, the company specializes in technology-driven solutions and consulting services aimed at modernizing operations and enhancing digital engagement for credit unions and community organizations. DaLand has pioneered the Next Generation CUSO concept, distinguishing itself from traditional CUSOs by focusing on innovative strategies that empower its partners to remain relevant in a rapidly changing financial environment. Their flagship product, the C.O.D.E. Engine, is designed to optimize digital experiences and streamline operations, allowing institutions to leverage consumer data effectively. DaLand's commitment to cooperative capitalism and local economic development underscores its mission to support community financial institutions in navigating the complexities of the digital age.

19. InsurBanc

• Website: insurbanc.com
• Ownership type: Private
• Headquarters: Farmington, Connecticut, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: insurbanc

InsurBanc, founded in 2001 and based in Farmington, Connecticut, is a private financial services company that specializes in banking and financing solutions for independent insurance agencies. With a team of 18 employees, InsurBanc focuses on providing tailored financial products that support the growth and operational needs of its clients. Their offerings include agency financing, business banking services such as cash management and business checking accounts, as well as personal banking options. InsurBanc is particularly known for its expertise in agency perpetuation and acquisition financing, helping insurance agencies navigate complex financial transitions. The company is FDIC-insured, ensuring that clients' deposits are protected. InsurBanc has not reported any recent funding, indicating a stable operational model that relies on its established client base and specialized services.

Fintech Insights: Key Companies in Connecticut

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