Colorado's fintech scene is thriving, with companies focused on their innovative technology solutions. This sector includes payment processors, digital lending platforms, and embedded finance providers, all catering to evolving consumer needs. As financial companies tentatively adopt blockchain and AI, Colorado emerges as a hub for tech-driven financial services that prioritize user-centered design and operational efficiency. The trend towards integrated financial offerings is notably evident, pointing towards a future where seamless transactions and enhanced financial access could become a norm in influencing consumer behavior.

The listed fintech companies vary in size and specialization. They range from established players like Avoka, founded in 1995, to newer organizations like BlackFin Group, founded in 2019. Concentrated largely in Denver and Fort Collins, these firms focus on diverse solutions, such as digital banking, automated payment services, and vehicle financing, catering to both consumers and businesses alike. Their operations reflect a strong emphasis on integration, operational expertise, and customer satisfaction.

Continue reading to explore the top fintech companies in Colorado.

Top 21 Fintech Companies Companies in Colorado

1. Avoka

• Website: avoka.com
• Ownership type: Corporate
• Headquarters: Broomfield, Colorado, United States (USA)
• Employee distribution: Australia 68%, United States (USA) 16%, Germany 16%
• Latest funding: December 2018
• Founded year: 1995
• Headcount: 1001-5000
• LinkedIn: avoka

Avoka, founded in 1995 and based in Broomfield, Colorado, specializes in digital banking solutions aimed at improving customer onboarding and engagement for financial institutions. The company has developed a platform that allows banks and credit unions to streamline their processes, enhance user experiences, and drive digital transformation. Avoka's technology supports various banking segments, including retail and corporate banking, and emphasizes the importance of customer-centric solutions. In December 2018, Avoka was acquired by Temenos, a prominent banking software company, which has further expanded its capabilities and reach in the financial services industry. This acquisition has allowed Avoka to integrate its innovative solutions into a broader suite of banking services offered by Temenos, enhancing their impact on the fintech landscape.

2. BillGO

• Website: billgo.com
• Ownership type: Venture Capital
• Headquarters: Fort Collins, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, $5.0M, October 2023
• Founded year: 2015
• Headcount: 201-500
• LinkedIn: billgopayments

BillGO, based in Fort Collins, Colorado, is a financial technology company that specializes in bill payment solutions. Established in 2015, the company has created a platform that streamlines the bill payment process for financial institutions, fintechs, and billers. BillGO's technology allows for real-time payment processing, which not only enhances customer satisfaction but also improves operational efficiency. The company serves a substantial customer base, with over 30 million consumers relying on its services. BillGO's platform is designed to reduce fraud risks and simplify the payment experience, making it a valuable partner for banks and other financial entities. Recently, BillGO secured $5 million in Series B funding in October 2023, further solidifying its position in the fintech industry and demonstrating its potential for continued growth and innovation.

3. Alviere

• Website: alviere.com
• Ownership type: Venture Capital
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: Portugal 66%, United States (USA) 29%, Ireland 2%, Other 2%
• Latest funding: May 2024
• Founded year: 2020
• Headcount: 51-200
• LinkedIn: alviere

Alviere, based in Denver, Colorado, is a financial services provider that specializes in embedded finance solutions. Founded in 2020, the company offers a platform that enables businesses to seamlessly integrate financial products and services into their existing operations. Their offerings include accounts, payments, branded cards, and global money transfers, primarily targeting industries such as retail, travel, and financial services. Alviere operates with a strong focus on compliance and risk management, ensuring that all transactions are secure and adhere to regulatory standards. The company is a licensed money transmitter, which allows it to facilitate various financial transactions, including cross-border payments. With a workforce distributed across the United States and Portugal, Alviere is positioned to support enterprises looking to enhance their financial capabilities and customer engagement through innovative solutions.

4. WeFi Technology Group

• Website: wefitec.com
• Ownership type: Private
• Headquarters: Greenwood, Colorado, United States (USA)
• Employee distribution: United States (USA) 53%, South Africa 24%, Switzerland 8%, Other 14%
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: wefitec

WeFi Technology Group, founded in 2019 and based in Greenwood, Colorado, specializes in IT finance solutions with a focus on channel finance. The company serves financial institutions, vendors, and distributors, helping them optimize their financial operations and working capital management. Their flagship product, the IZZI platform, integrates and streamlines financial processes, providing real-time insights and analytics to enhance decision-making. WeFi operates on a global scale, with a workforce distributed across several countries, including the USA, South Africa, and Switzerland. The company is dedicated to addressing the complexities of channel finance, offering customized solutions that adapt to the unique needs of its clients. By leveraging technology and innovative practices, WeFi aims to improve transaction efficiency and support growth in the financial sector.

5. Epic River

• Website: epicriver.com
• Ownership type: Private
• Headquarters: Fort Collins, Colorado, United States (USA)
• Latest funding: $1.8M, July 2019
• Founded year: 2005
• Headcount: 11-50
• LinkedIn: epic-river-llc

Epic River, founded in 2005 and based in Fort Collins, Colorado, is a financial technology firm that provides innovative digital lending solutions specifically designed for community banks and credit unions. The company has developed a comprehensive platform that streamlines the lending process, offering services such as patient lending, point-of-sale lending, and green lending. Epic River's technology facilitates a seamless online experience for borrowers, ensuring that local financial institutions can effectively compete in a rapidly evolving market. With a focus on enhancing operational efficiency and borrower satisfaction, Epic River has established partnerships with over 1800 licensed community banks and credit unions across the United States. The company has also secured funding, with a notable amount raised in 2019, which supports its ongoing development and expansion efforts in the fintech sector.

6. Salt

• Website: saltlending.com
• Ownership type: Venture Capital
• Headquarters: Denver, Colorado, United States (USA)
• Latest funding: $100,000, March 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: saltfintech

SALT Blockchain Inc., based in Denver, Colorado, is a financial services provider that specializes in crypto-backed loans. Founded in 2016, SALT allows both individual consumers and businesses to access liquidity by leveraging their cryptocurrency holdings as collateral. This model enables customers to obtain personal and business loans without the need to sell their crypto assets, thus helping them maintain their investment positions. SALT's offerings include a range of loan products with fixed rates and terms, catering to various financial needs. The company has also developed embedded lending solutions, allowing other businesses to integrate crypto-backed loans into their services. Recently, SALT secured funding, which underscores its active role in the evolving fintech landscape and its commitment to providing innovative financial solutions.

7. The Savings Group

• Website: thesavingsgroup.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 97%, Other 3%
• Founded year: 2021
• Headcount: 1001-5000
• LinkedIn: the-savings-group

The Savings Group, founded in 2021 and based in Denver, Colorado, is an automotive finance company that connects borrowers with financial institutions through a digital platform. The company specializes in vehicle finance and refinance products, as well as offering protection plans to help consumers secure competitive rates for their automotive needs. The Savings Group operates through three primary consumer brands: AUTOPAY, RateGenius, and Tresl. These brands provide a range of services, including financing for new car purchases, refinancing existing loans, and lease buyouts. The company aims to streamline the automotive financing process, making it more accessible and efficient for consumers while also providing lenders with a reliable source of qualified loan applicants. With a workforce of over 600 employees, The Savings Group is positioned to make a significant impact in the automotive finance sector.

8. Infinicept

• Website: infinicept.com
• Ownership type: Venture Capital
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $23.0M, May 2022
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: infinicept

Infinicept, founded in 2015 and based in Denver, Colorado, is a payment solutions provider that focuses on helping businesses optimize their payment processing. The company offers services like Launchpay and the PayOps Platform, which are designed to streamline the onboarding and management of merchants. Infinicept caters primarily to vertical software companies, banks, and payment facilitators, providing expert advisory services that enhance the overall merchant experience. Their solutions allow clients to maintain control over their payment strategies and data, which is crucial in today's competitive market. Infinicept has also secured $23 million in funding as of May 2022, reflecting its growth trajectory and the increasing demand for its services in the payments industry.

9. Yield Solutions Group

• Website: yieldsolutionsgroup.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: yield-solutions-group

Yield Solutions Group, LLC, based in Denver, Colorado, is a financial services firm that specializes in auto loan refinancing solutions. Founded in 2015, the company operates under the consumer-facing brand RefiJet. Yield Solutions Group assists lenders in acquiring refinance loans while providing consumers with the opportunity to lower their interest rates and monthly payments. They achieve this through a network of partnerships with financial institutions and by leveraging technology to enhance the refinancing process. The company targets consumers across all credit tiers and has developed a scalable model that allows lenders to define their loan origination criteria. Yield Solutions Group has been recognized for its operational strength and commitment to compliance, ensuring that it meets regulatory standards while delivering high-quality service to both lenders and consumers.

10. Cibar Inc.

• Website: cibar.com
• Ownership type: Corporate
• Headquarters: Colorado Springs, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: September 2022
• Founded year: 1969
• Headcount: 11-50
• LinkedIn: cibar-inc.

Cibar Inc., founded in 1969 and based in Colorado Springs, Colorado, is a software company that specializes in providing trade finance solutions for banks and financial institutions. With a dedicated team of 22 employees, Cibar has built a reputation for delivering products that streamline trade operations, such as their Global Trade Finance system and Standby L/C Module. Their software solutions are designed to meet the needs of various banking institutions, from small regional banks to larger global trade banks. Cibar's extensive experience in the industry allows them to offer tailored solutions that enhance operational efficiency and improve customer service in managing trade transactions. The company has maintained a strong commitment to client support and continuous improvement, ensuring that their offerings remain relevant in an ever-evolving financial landscape.

11. Electric Coin Company

• Website: electriccoin.co
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Founded year: 2016
• Headcount: 11-50
• LinkedIn: zcashco

Electric Coin Company, founded in 2016 and based in Denver, Colorado, is a private firm dedicated to advancing cryptocurrency technology. The company is best known for developing Zcash, a privacy-focused digital currency that allows users to conduct transactions with enhanced confidentiality. Their flagship product, the Zashi mobile wallet, enables users to send, receive, and store Zcash securely, catering to individuals and businesses that prioritize financial privacy. Electric Coin Company operates primarily online, focusing on creating user-friendly financial tools that facilitate decentralized transactions. The company has not reported any funding rounds, indicating a self-sustaining operational model. Their ongoing commitment to innovation is reflected in their regular updates and roadmap, which outlines their strategic goals for enhancing the Zcash ecosystem and user experience.

12. Outside VC

• Website: outside-vc.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2022
• Headcount: 1-10
• LinkedIn: outside-vc

Outside VC is a venture capital firm based in Denver, Colorado, founded in 2022. The firm is dedicated to investing in fintech startups that strive to create economic opportunities for underserved populations. Outside VC provides not only funding but also advisory services to help founders navigate the complexities of building innovative financial products. Their mission is to support the next generation of fintech leaders, particularly those who are often overlooked by traditional investors. The firm emphasizes a collaborative approach, positioning itself as a 'friendvestor'—an investor who is genuinely invested in the success of the founders they back. Outside VC is backed by a network of experienced VC partners and fintech leaders, enhancing their ability to provide valuable insights and connections to their portfolio companies. Their focus on inclusivity and economic empowerment aligns with a broader movement within the fintech sector, making them a relevant player in the industry.

13. QRails, Inc.

• Website: qrails.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: qrails

QRails, Inc., founded in 2016 and based in Denver, Colorado, is a private financial technology firm that provides innovative payment processing solutions. The company focuses on enhancing employee financial wellness through services like earned wage access and prepaid card programs. QRails operates on an API-driven platform, which allows businesses to integrate their payment solutions seamlessly into existing systems. Their offerings cater to employers and fintech partners, aiming to improve financial accessibility for employees. QRails has gained recognition in the industry, including awards for its rapid growth and contributions to financial wellness. The company is committed to addressing the needs of the modern workforce, particularly in the context of increasing financial stress among employees.

14. High Plains Bank

• Website: highplainsbank.com
• Ownership type: Private
• Headquarters: Flagler, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1908
• Headcount: 51-200
• LinkedIn: high-plains-bank

High Plains Bank, established in 1908, is a community bank located in Flagler, Colorado. With a workforce of approximately 77 employees, the bank provides a range of banking and financial services tailored to meet the needs of individual consumers and businesses. Their offerings include personal and business accounts, loans, and investment management services. High Plains Bank emphasizes strong community relationships and customer service, which are central to its operations. The bank has made significant strides in integrating technology into its services, particularly through its HPBGO digital banking platform, which enhances customer access to banking tools. This platform allows users to manage their finances conveniently, reflecting the bank's commitment to modern banking solutions. Additionally, High Plains Bank has developed specialized services for small businesses, including cash flow management and merchant services, further solidifying its role in the financial technology sector.

15. Bankers' Bank of the West

• Website: bbwest.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1980
• Headcount: 51-200
• LinkedIn: bankers%27-bank-of-the-west

Bankers' Bank of the West, founded in 1980 and based in Denver, Colorado, specializes in providing banking services tailored to the needs of community banks. With a workforce of approximately 45 employees, the company offers a variety of financial solutions, including loan participations, cash management, and merchant services. Their services are designed to enhance the operational capabilities of community banks, allowing them to compete effectively in the financial services sector. The bank does not engage in consumer banking, focusing instead on serving other financial institutions. This strategic positioning enables them to provide specialized support, including consulting and information security services through partnerships like CivITas Bank Solutions. Although Bankers' Bank of the West has not reported any recent funding, its commitment to innovation and community banking remains evident through its educational initiatives and participation in industry events.

16. Ascent Payment Solutions

• Website: ascentpaymentsolutions.com
• Ownership type: Private
• Headquarters: Boulder, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2000
• Headcount: 11-50
• LinkedIn: ascent-processing

Ascent Payment Solutions, founded in 2000 and based in Boulder, Colorado, is a private payment processing company that focuses on the lodging and rental industries. With a team of 19 employees, Ascent has developed a range of financial services designed to meet the unique needs of vacation rentals, property management companies, and other related sectors. Their offerings include secure payment processing, flexible payment options, and advanced fraud prevention tools. Ascent is particularly known for its innovative solutions like AscentPay, which allows guests to book now and pay later, and AscentZeroCost, which aims to minimize credit card fees for businesses. The company has built a reputation for excellent customer service and strong partnerships within the industry, helping clients streamline operations and improve cash flow. Ascent Payment Solutions remains committed to providing tailored payment solutions that enhance security and efficiency for its clients.

17. CU Direct Connect

• Website: cudirectconnect.com
• Ownership type: Private
• Headquarters: Centennial, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: cu-direct-connect

CU Direct Connect, now operating as Origence Lending Services, was founded in 2002 in Centennial, Colorado. The company emerged from a collaboration of Colorado credit unions aiming to create a modern vehicle lending origination platform. Over the years, it has expanded its reach, partnering with over 40 credit unions and thousands of auto dealers. In 2019, CU Direct Connect became part of Origence, and in 2022, it rebranded to align with Origence’s financial services brand. The company offers a range of services designed to streamline lending operations, including full-service processing, underwriting, and advanced document services powered by AI. Their solutions are tailored to meet the specific needs of their clients, enhancing productivity and borrower satisfaction. With a focus on optimizing lending operations, CU Direct Connect plays a significant role in the fintech industry, particularly in the niche of lending services.

18. Tilled

• Website: tilled.com
• Ownership type: Venture Capital
• Headquarters: Boulder, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series A, $12.5M, July 2024
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: get-tilled

Tilled, founded in 2018 and based in Boulder, Colorado, is a payment processing company that offers PayFac-as-a-Service solutions tailored for software companies and Independent Sales Organizations (ISOs). With a focus on providing a developer-friendly API, Tilled enables clients to integrate payment solutions seamlessly into their platforms. The company emphasizes compliance support and a streamlined onboarding experience, which are essential for businesses looking to monetize transactions effectively. Tilled has recently raised $12.5 million in Series A funding, reflecting strong investor interest and confidence in their business model. Their services are designed to empower software companies to optimize their payment processes, enhance user experiences, and generate recurring revenue from merchant transactions. Tilled is also a validated Level 1 PCI compliant service provider, ensuring that they meet high standards of security and compliance in the payment processing industry.

19. Banctek

• Website: banctek.com
• Ownership type: Private
• Headquarters: Denver, Colorado, United States (USA)
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: banctek

Banctek, founded in 2001 and based in Denver, Colorado, is a private payment processing company that specializes in providing a range of payment solutions for businesses. With a team of 11-50 employees, Banctek focuses on streamlining payment processes through secure and integrated technology. Their offerings include accounts payable solutions, B2B payment processing, and ecommerce services, catering to various industries. Banctek emphasizes transparent pricing and robust customer support, ensuring that businesses can manage their cash flow effectively. They also provide specialized services for high-risk industries, showcasing their adaptability and understanding of market needs. Banctek's commitment to enhancing payment technology and customer satisfaction positions them as a relevant player in the fintech industry.

20. Zero Fee Solutions

• Website: zerofeesolutions.com
• Ownership type: Private
• Headquarters: Golden, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2013
• Headcount: 201-500
• LinkedIn: zero-fee-solutions

Zero Fee Solutions, founded in 2013 and based in Golden, Colorado, is a private payment processing company that specializes in helping businesses offset credit card processing fees through a cash discount program. This program allows merchants to pass on fees to customers who choose to pay with credit cards, effectively saving businesses significant amounts on transaction costs. Their services are tailored for various sectors, including retail and healthcare, making them a versatile option for many merchants. The company prides itself on providing 24-hour tech support and offers mobile technology solutions to enhance service delivery. With a workforce of around 19 employees, Zero Fee Solutions has established itself as a player in the payment processing industry, focusing on cost-saving solutions for its clients. They also engage in charitable efforts, donating to organizations like St. Jude Children's Hospital, which reflects a commitment to social responsibility.

21. BlackFin Group

• Website: blackfin-group.com
• Ownership type: Private
• Headquarters: Englewood, Colorado, United States (USA)
• Employee distribution: United States (USA) 87%, South Africa 13%
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: blackfin-group

BlackFin Group, founded in 2019 and based in Englewood, Colorado, is a consulting firm dedicated to the lending and mortgage banking industry. With a team of professionals who possess extensive experience in retail banking, consumer lending, and mortgage banking, BlackFin provides a range of services designed to help financial institutions navigate complex challenges. Their offerings include consulting on technology solutions, operational strategies, and market insights, which are essential for banks and credit unions aiming to enhance their performance. BlackFin's commitment to integrity and client-focused recommendations has earned them recognition in the mortgage banking sector. They also engage in thought leadership through various channels, including reports, white papers, and a podcast, which further solidifies their position as a knowledgeable partner in the financial services industry.

Fintech Companies Insights: Key Companies in Colorado

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