Florida's fintech industry is dynamic and rapidly evolving, featuring companies that leverage technology to deliver innovative financial services. These firms range from payment processors to digital banking solutions, catering to both individual consumers and businesses. The state's favorable regulatory environment, coupled with a strong tech talent pool, positions it as a hub for fintech innovation. With increasing adoption of digital finance tools, Florida companies are embracing trends like cashless payments and blockchain technology. This growth is expected to continue as consumer demand for convenient, tech-driven financial solutions rises.

The listing features 19 fintech companies primarily headquartered in Florida, with a range of company sizes. Founded between 1985 and 2022, these businesses focus on areas such as payment processing, banking-as-a-service, and embedded finance. Some have significant international reach while others serve domestic markets. Their innovative approaches to financial transactions and operations demonstrate a commitment to leveraging technology to improve customer experiences and operational efficiency.

Read on to discover the top fintech companies in Florida.

Top 19 Fintech Companies in Florida

1. Grupo LAFISE

• Website: lafise.com
• Ownership type: Private
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: Nicaragua 58%, Costa Rica 14%, Honduras 14%, Other 14%
• Founded year: 1985
• Headcount: 1001-5000
• LinkedIn: lafise

Grupo LAFISE, founded in 1985, is a private banking institution headquartered in Miami, Florida, with a significant presence in Central America. The company operates through Banco LAFISE, which provides a comprehensive range of financial services tailored to meet the needs of individual consumers, businesses, and organizations. Their offerings include personal and corporate banking, various types of loans, credit cards, and investment management services. Grupo LAFISE has embraced technology in its operations, exemplified by its online banking platform, Bancanet, and the electronic payment tool, Paganet, which streamlines payment processes for businesses. With a workforce of approximately 2,550 employees, the company serves a broad customer base across Nicaragua, Costa Rica, Honduras, Panama, and the Dominican Republic, demonstrating its regional influence in the financial sector.

2. Inswitch

• Website: inswitch.com
• Ownership type: Corporate
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: Uruguay 67%, United States (USA) 11%, Colombia 6%, Other 16%
• Latest funding: April 2024
• Founded year: 2002
• Headcount: 201-500
• LinkedIn: in-switch

Inswitch, founded in 2002 and based in Miami, Florida, is a fintech company that specializes in providing a comprehensive suite of financial technology solutions. Their offerings include payment processing, digital wallets, and card issuing services, which cater to businesses across various sectors. Inswitch's platform enables companies to enhance customer experiences and streamline financial operations through innovative technology. With a significant portion of their workforce located in Uruguay, they have established a strong presence in Latin America. Their services are designed to support industries such as eCommerce, telecommunications, and lending, making them a versatile partner for businesses looking to improve their financial technology capabilities.

3. Paynuity

• Website: paynuity.com
• Ownership type: Private
• Headquarters: Orlando, Florida, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: paynuity

Paynuity is a financial technology firm based in Orlando, Florida, founded in 2017. The company specializes in providing payment solutions and banking services through a robust platform designed for businesses and financial institutions. Paynuity's offerings include payment processing, card issuing, and digital banking, all aimed at enhancing customer engagement and operational efficiency. The company integrates with numerous financial institutions and payment networks, allowing clients to conduct transactions in over 135 currencies. Paynuity's focus on security, fraud protection, and data insights positions it as a valuable partner for organizations looking to thrive in the evolving digital marketplace. With a team of around 26 employees, Paynuity continues to innovate and adapt to the needs of its clients, making it a relevant player in the fintech sector.

4. Armada Labs

• Website: armadalabs.com
• Ownership type: Private
• Headquarters: Estero, Florida, United States (USA)
• Employee distribution: Poland 51%, Belarus 27%, United States (USA) 19%, Other 3%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: armadalabs

Armada Labs, based in Estero, Florida, is a private fintech software development company founded in 2002. With a workforce of around 70 employees, the company specializes in crafting modern, secure, and efficient financial tools tailored for enterprises and startups. Their service offerings include software development, IT consulting, and mobile app development, all aimed at enhancing operational efficiency and ensuring compliance within the financial sector. Armada Labs has developed solutions across various domains, including digital lending, online payments, digital banking, insurtech, and wealth management. Their client portfolio features businesses from banking, insurance, and investment management, showcasing their ability to cater to a wide range of financial needs. The company has not reported any funding, indicating a self-sustained growth model since its inception.

5. KEO World

• Website: keoworld.com
• Ownership type: Private Equity
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: Mexico 37%, Colombia 29%, United States (USA) 25%, Other 9%
• Latest funding: $20.0M, June 2022
• Founded year: 2020
• Headcount: 51-200
• LinkedIn: keoworld

KEO World, founded in 2020 and based in Miami, Florida, is a financial technology firm specializing in B2B digital payment and inventory financing solutions. The company aims to streamline financial transactions between buyers and suppliers, particularly for small and medium enterprises. KEO World offers customized financial services that enhance cash flow and purchasing power through innovative digital solutions. Their operations extend across North America and Latin America, with a significant employee distribution in Mexico, Colombia, and the United States. In June 2022, KEO World secured $20 million in funding, indicating strong investor interest and support for their growth strategy. The company is committed to digitizing the B2B payments ecosystem, providing flexible payment terms, multi-currency options, and enhanced visibility for businesses, thereby addressing the unique challenges faced by SMEs in managing their financial operations.

6. NovoPayment

• Website: novopayment.com
• Ownership type: Venture Capital
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: Colombia 65%, Venezuela 12%, Peru 9%, Other 14%
• Latest funding: Series A, $20.0M, November 2024
• Founded year: 2007
• Headcount: 201-500
• LinkedIn: novopayment_2

NovoPayment is a financial technology company based in Miami, Florida, founded in 2007. The firm provides Banking-as-a-Service (BaaS) solutions across the Americas, offering a comprehensive suite of services that includes digital banking, payment processing, and card solutions. Their platform enables financial institutions and digital merchants to enhance their service offerings and improve customer experiences. With a workforce of approximately 227 employees, NovoPayment has a significant presence in Latin America, with a majority of its team located in Colombia, followed by Venezuela and Peru. The company has recently secured $20 million in Series A funding in November 2024, which underscores its growth potential and the confidence investors have in its business model. NovoPayment's commitment to innovation and customer satisfaction positions it as a key player in the fintech sector, facilitating the digital transformation of financial services.

7. GlobalPay Solutions

• Website: globalpay.us
• Ownership type: Private
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: El Salvador 76%, Panama 12%, Philippines 12%
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: globalpaysolutions

GlobalPay Solutions, founded in 2011 and based in Miami, Florida, is a private financial technology company dedicated to enhancing the financial landscape for micro and small businesses in Central America. With a workforce primarily located in El Salvador, the company has developed a suite of digital payment solutions, including e-wallets, POS systems, and micro-loans. Their flagship platform, Rocket, serves as a comprehensive digital financial ecosystem that empowers businesses by streamlining operations and facilitating access to affordable credit. GlobalPay Solutions actively participates in industry events, such as the Mastercard LAC Technology Conference, where they showcase their commitment to financial inclusion and innovation. Their collaboration with Mastercard and other partners is pivotal in driving their mission forward, particularly in reaching underserved populations, including women and rural communities.

8. Xisfo Financial Tech Colombia

• Website: xisfo.com
• Ownership type: Venture Capital
• Headquarters: Orlando, Florida, United States (USA)
• Latest funding: Pre-seed, $850,000, July 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: xisfopay

Xisfo Financial Tech Colombia is a fintech company founded in 2016, headquartered in Orlando, Florida. The company specializes in providing financial technology solutions tailored to meet the needs of both consumers and businesses. With a focus on the Colombian and U.S. markets, Xisfo aims to leverage innovative technology to enhance financial accessibility and efficiency. The company has recently raised $850,000 in pre-seed funding as of July 2024, reflecting investor confidence in its business model and growth potential. Xisfo's mission is to create a platform where financial solutions are accessible to all, emphasizing inclusivity in the financial sector.

9. Nymbus

• Website: nymbus.com
• Ownership type: Private Equity
• Headquarters: Jacksonville, Florida, United States (USA)
• Employee distribution: United States (USA) 88%, Mexico 9%, Russia 3%, Other 1%
• Latest funding: August 2024
• Founded year: 2015
• Headcount: 201-500
• LinkedIn: nymbus

Nymbus, founded in 2015 and based in Jacksonville, Florida, is a banking technology provider that specializes in digital banking solutions. The company offers a suite of services including core banking software, loan origination, and a platform designed to help banks and credit unions modernize their operations. Nymbus operates primarily through a Software as a Service (SaaS) model, which allows financial institutions to launch and manage digital banking services efficiently. Their solutions are tailored to meet the needs of small and medium-sized businesses, addressing a significant gap in the market. Nymbus also provides operational support, including back office and customer service functions, enabling their clients to focus on growth and customer engagement. With a workforce of around 270 employees, Nymbus has established itself as a key player in the fintech space, particularly for institutions seeking to enhance their digital offerings without the burden of extensive internal resources.

10. Novo

• Website: novo.co
• Ownership type: Venture Capital
• Headquarters: Miami, Florida, United States (USA)
• Latest funding: Other (Debt), $125.0M, August 2023
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: banknovo

Novo is a Miami-based fintech company founded in 2016, dedicated to providing online business banking solutions tailored for small businesses. The company offers a range of services, including no-fee checking accounts, business debit cards, and flexible funding options. Their platform allows small business owners to create and send customizable invoices, manage expenses, and integrate with various financial tools. Novo has gained traction in the market, serving over 250,000 businesses and facilitating more than $30 billion in transactions. In August 2023, Novo raised $125 million in funding, further solidifying its position in the fintech industry and enhancing its ability to serve small businesses effectively.

11. Banesco USA

• Website: banescousa.com
• Ownership type: Private
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: United States (USA) 95%, Puerto Rico 5%
• Latest funding: $11.9M, January 2019
• Founded year: 2006
• Headcount: 201-500
• LinkedIn: banesco-usa

Banesco USA, founded in 2006 and based in Miami, Florida, operates as a private financial institution. It offers a comprehensive range of banking services tailored for both personal and business clients. The bank provides checking and savings accounts, home loans, and various types of commercial loans. A significant aspect of their service is the emphasis on digital banking, allowing customers to manage their finances through online and mobile platforms. This focus on technology is evident in their offerings, such as Zelle® for quick money transfers and a mobile app for banking on the go. Banesco USA primarily serves clients in the United States, with a small presence in Puerto Rico. The company has also received funding, with the last reported amount being over $11 million in January 2019, which supports their ongoing development and service enhancement efforts.

12. Rocket Financial Inc

• Website: rocketfncl.com
• Ownership type: Private
• Headquarters: Aventura, Florida, United States (USA)
• Employee distribution: Canada 85%, Romania 8%, United States (USA) 8%
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: rocket-financial-inc

Rocket Financial Inc, based in Aventura, Florida, is a private fintech company founded in 2019. The firm specializes in embedded finance and banking as a service, providing a range of products that enable businesses to integrate financial services seamlessly into their operations. Their offerings include RocketKOR, a Banking as a Service platform, and various solutions for payments, business banking, and consumer banking. With a team of approximately 27 employees, the company has a significant presence in Canada, Romania, and the United States. Rocket Financial aims to help clients innovate and streamline their financial processes, enhancing customer engagement and operational efficiency. Their commitment to security and compliance further underscores their role in the fintech industry, making them a relevant player in the ongoing evolution of financial services.

13. Fidi

• Website: fidi.money
• Ownership type: Venture Capital
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: Chile 52%, Argentina 24%, United States (USA) 12%, Other 12%
• Latest funding: January 2024
• Founded year: 2022
• Headcount: 11-50
• LinkedIn: fidi-latam

Fidi is a Miami-based fintech company established in 2022, specializing in digital financial solutions tailored for businesses. With a team of 34 employees, Fidi offers a range of products including digital wallets, banking accounts, and payment cards. Their platform allows businesses to create and launch their own fintech services, enabling them to focus on their core value propositions while Fidi manages the complexities of financial product development. The company serves a variety of industries, providing tools for digital banking, payment processing, and credit solutions. Fidi's approach is designed to simplify the regulatory and compliance challenges that often accompany financial services, making it easier for businesses to innovate and grow in the digital finance space. Their employee distribution reflects a strong presence in Latin America, with significant portions of their workforce based in Chile and Argentina, indicating a regional focus that could enhance their market relevance.

14. WalletHub

• Website: wallethub.com
• Ownership type: Private
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: United States (USA) 79%, Romania 8%, India 8%, Other 4%
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: wallethub

WalletHub, founded in 2012 and based in Miami, Florida, is a financial services platform that provides consumers with various tools to manage their finances. The company specializes in credit card comparisons, personal loan offers, and financial monitoring services. WalletHub aims to help users improve their financial health by offering free credit scores, credit reports, and personalized financial advice. The platform is designed to assist consumers in making informed decisions regarding credit and loans, thereby enhancing their overall financial literacy. With a workforce of around 106 employees, WalletHub has established itself as a relevant player in the fintech industry, focusing on consumer empowerment and financial education.

15. Fintainium

• Website: fintainium.com
• Ownership type: Venture Capital
• Headquarters: Jacksonville, Florida, United States (USA)
• Employee distribution: Canada 68%, United States (USA) 32%
• Latest funding: Seed, $2.5M, December 2023
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: epayrails

Fintainium, based in Jacksonville, Florida, is a fintech company that specializes in a range of financial technology solutions aimed at improving business financial operations. Established in 2018, Fintainium offers services such as cash flow management, embedded payments, mass disbursements, and lending solutions. Their platform is designed to help businesses streamline payment processes and manage working capital effectively. The company serves a variety of clients, including small to medium-sized businesses and financial institutions, providing tools that enhance financial operations. Recently, Fintainium secured $2.5 million in seed funding in December 2023, reflecting its potential for growth and innovation in the fintech sector. With a team of experienced professionals, Fintainium is committed to delivering cutting-edge solutions that address the evolving needs of its customers.

16. SafetyPay, A Paysafe Company

• Website: safetypay.com
• Ownership type: Corporate
• Headquarters: Aventura, Florida, United States (USA)
• Employee distribution: Peru 40%, Brazil 28%, United States (USA) 14%, Other 18%
• Latest funding: $441.0M, August 2021
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: safetypay

SafetyPay, A Paysafe Company, founded in 2007 and based in Aventura, Florida, is a financial technology firm that provides innovative payment solutions. The company enables online cash payments, bank transfers, and cross-border transactions, serving both businesses and consumers. SafetyPay is particularly focused on enhancing the e-commerce experience for unbanked individuals, allowing them to participate in online shopping through secure payment options. With a robust payment network that spans 16 countries, SafetyPay collaborates with over 380 banks and 180,000 cash collection points, making it a significant player in the Latin American market. The company processes approximately 1.2 million transactions monthly, ensuring real-time payment confirmations and a commitment to fraud prevention. Their recent funding of $441 million in August 2021 underscores their growth potential and relevance in the fintech industry.

17. Finxact

• Website: finxact.com
• Ownership type: Corporate
• Headquarters: Jacksonville, Florida, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $650.0M, February 2022
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: finxact

Finxact, founded in 2016 and based in Jacksonville, Florida, is a financial technology company that specializes in core banking solutions. The company offers a next-generation core banking platform tailored for banks and fintechs, enabling them to innovate and enhance their financial offerings. Finxact's platform includes a range of services such as payment solutions, API integrations, and product development tools. This allows clients to design, configure, and launch new financial products efficiently. The company serves a variety of clients, from large financial institutions to community banks, helping them modernize their operations and improve customer experiences. In February 2022, Finxact secured $650 million in funding, reflecting strong market confidence in its capabilities and future growth. The company is also noted for its commitment to fostering partnerships within the fintech ecosystem, further solidifying its position in the industry.

18. Accial Capital

• Website: accialcapital.com
• Ownership type: Venture Capital
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: United States (USA) 50%, Mexico 33%, Spain 17%
• Latest funding: $35.0M, March 2023
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: accial-capital

Accial Capital is an impact investment firm based in Miami, Florida, founded in 2018. The company specializes in providing capital and technology solutions to fintech lenders operating in emerging markets. With a focus on reducing the credit gap, Accial Capital invests in small business and consumer loan portfolios, leveraging their proprietary risk management platform, ORCA. This platform is designed to enhance the lending capabilities of their clients, which primarily consist of early to mid-stage fintech lenders. The firm has a strong emphasis on responsible lending practices and measures its impact through established indicators linked to the United Nations Sustainable Development Goals. Accial Capital has received significant funding, including a $35 million investment in March 2023, which underscores its active role in the fintech industry and its commitment to fostering financial inclusion.

19. Aper

• Website: aper.com
• Ownership type: Venture Capital
• Headquarters: Miami, Florida, United States (USA)
• Employee distribution: Argentina 88%, Colombia 4%, United States (USA) 4%, Other 4%
• Latest funding: Series A, $15.6M, October 2021
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: aperargentina

Aper, founded in 2016 and based in Miami, Florida, is a software-as-a-service (SaaS) provider that empowers banks to launch their own online marketplaces. The company aims to enhance the commerce experience for financial institutions and their customers through innovative technology solutions. Aper's platform facilitates embedded financing and offers robust customer service, making it easier for banks to provide a seamless shopping experience. With a global footprint and a workforce primarily based in Argentina, Aper has established partnerships with notable banks such as ICBC, Itau, Supervielle, and BBVA. The company has raised over $15 million in Series A funding as of October 2021, reflecting its growth potential and relevance in the fintech industry.

Fintech Insights: Key Companies in Florida

Want to Find More Fintech Companies?

With Inven you'll also get to know the company's:

• Detailed Ownership: Who owns the company? Is it a public or private company? What is the ownership structure?
• Contact data: Who are the founders and CEO's? What are their emails and phone numbers?
• Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!