Fintech companies in Massachusetts are central to innovation in financial services. They encompass a range of businesses specializing in payments, banking, investment, and wealth management. Many prioritize technology integration to enhance customer experiences while addressing systemic issues, such as financial inclusion. The industry's trajectory points towards further digital transformation, driven by evolving consumer expectations and regulatory dynamics. Companies are increasingly exploring areas like cryptocurrency and blockchain, reflecting broader trends in global finance. As the pandemic accelerated a shift to online and mobile solutions, Massachusetts fintech is positioned to thrive amid ongoing changes in how consumers and businesses manage money.

This list showcases 21 fintech companies located in Massachusetts, primarily headquartered in Boston. The firms vary in size, ranging from small startups with under 50 employees to established players with over 200 staff members. Founded between 1968 and 2021, these companies specialize in services like banking, payment processing, investment strategies, and digital asset management. Their diverse focus areas and recent funding rounds illustrate a robust fintech ecosystem, reflecting the region's commitment to fostering financial innovation and addressing consumer needs.

Continue reading to explore the top fintech companies in Massachusetts.

Top 21 Fintech Companies Companies in Massachusetts

1. OneUnited Bank

• Website: oneunited.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Grant), $5.0M, April 2023
• Founded year: 1968
• Headcount: 51-200
• LinkedIn: oneunited-bank

OneUnited Bank, founded in 1968 and headquartered in Boston, Massachusetts, is the largest Black-owned bank in the United States. The bank offers a variety of banking services, including checking and savings accounts, loans, and financial wellness resources. It serves both individual consumers and businesses, with a mission to empower customers to achieve financial stability and build generational wealth. OneUnited Bank has embraced technology, providing AI-driven insights and a robust digital banking platform to enhance customer engagement and financial decision-making. The bank has also received funding, with a notable grant of approximately $4.96 million in April 2023, which supports its initiatives in financial empowerment and technology integration. Through its services, OneUnited Bank aims to close the racial wealth gap and foster financial literacy within the communities it serves.

2. Radius

• Website: bank.lendingclub.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1987
• Headcount: 51-200
• LinkedIn: radius-bank

Radius, known as LendingClub, is a digital marketplace bank based in Boston, Massachusetts. Founded in 1987, the company has evolved to offer a wide range of financial services tailored for both individual consumers and businesses. Its offerings include personal loans, banking products, and investment opportunities, all accessible through an online platform. Radius aims to simplify the borrowing process, making it easier for users to obtain financing and manage their financial health. The company has successfully served over 4 million members, facilitating more than $90 billion in personal loans since its inception. This focus on digital solutions and customer-centric services positions Radius as a significant player in the fintech industry, particularly in the areas of personal and business lending.

3. Almond FinTech

• Website: almondfintech.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 71%, Singapore 24%, United Arab Emirates 5%
• Latest funding: Seed, $2.0M, October 2024
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: almond-finance

Almond FinTech, based in Boston, Massachusetts, is a financial technology company established in 2020. The firm specializes in cross-border payment solutions and credit scoring services, providing a suite of APIs that enable financial institutions to facilitate near-instant foreign exchange settlements. Their technology is designed to optimize settlement costs and enhance financial inclusivity, particularly for individuals with unconventional or limited credit histories. Almond's clientele includes banks, credit unions, money transmitters, and mobile wallets, all of which leverage Almond's tools to improve their service offerings. The company operates in 15 countries across regions such as North America, Asia, and Africa, aiming to dismantle financial barriers and drive global financial inclusion. In October 2024, Almond FinTech raised $2 million in seed funding, reflecting strong investor interest in their innovative approach to financial services.

4. tappengine

• Website: tappengine.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 90%, Pakistan 10%
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: tappengine

TAPP Engine, Inc. is a Boston-based private company founded in 2019. It operates as a SaaS provider, focusing on embedded finance solutions specifically designed for financial services intermediaries. The company offers a robust platform that integrates brokerage, cash management, and digital advisory services, enabling clients such as banks and asset management firms to efficiently launch branded digital products. TAPP Engine aims to improve customer experiences and operational efficiency in the financial sector. Their services are built on a cloud-native infrastructure, ensuring scalability and security. The company serves a range of clients, including registered investment advisors (RIAs), independent broker/dealers, and trust companies, highlighting its role in facilitating digital transformation within traditional financial institutions.

5. Avidia Bank

• Website: avidiabank.com
• Ownership type: Private
• Headquarters: Hudson, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 201-500
• LinkedIn: avidia-bank

Avidia Bank, founded in 2007 and headquartered in Hudson, Massachusetts, is a community bank that provides a variety of personal and business banking services. The bank offers savings and checking accounts, loans, and payment solutions tailored for both individual consumers and businesses. Avidia Bank emphasizes community engagement, serving primarily the Massachusetts area. It has made strides in digital banking, enhancing its online and mobile banking platforms to meet the needs of its customers. The bank also provides merchant services and cash management solutions, showcasing its adaptability in the evolving financial landscape. Avidia Bank's commitment to integrating technology into its offerings aligns with the core principles of fintech, making it a relevant entity in this sector.

6. Coastal Heritage Bank

• Website: coastalheritagebank.com
• Ownership type: Private
• Headquarters: Weymouth, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1928
• Headcount: 51-200
• LinkedIn: coastal-heritage-bank

Coastal Heritage Bank, established in 1928, is a community-focused bank located in Weymouth, Massachusetts. With a workforce of around 84 employees, the bank provides a variety of personal and business banking services, including checking and savings accounts, loans, and investment options. It operates through multiple branches and emphasizes its commitment to community growth. The bank has integrated modern technology into its operations, offering online and mobile banking services that allow customers to manage their finances conveniently. Coastal Heritage Bank also engages in community support initiatives, contributing significant funds to local schools and non-profits, which underscores its dedication to the regions it serves. This blend of traditional banking with digital solutions reflects its adaptability in a changing financial landscape.

7. Wellesley Hills Financial LLC

• Website: wellesleyhillsfinancial.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: wellesley-hills-financial-llc

Wellesley Hills Financial LLC, founded in 2007 and based in Boston, Massachusetts, operates as a private investment bank. The firm specializes in strategic advisory and transaction services tailored for the fintech, payments, and B2B SaaS sectors. With a team of approximately 41 professionals, Wellesley Hills Financial assists clients in navigating complex financial landscapes through capital raising, mergers and acquisitions, and restructuring services. Their focus on the lower-middle market allows them to work closely with innovative companies that are at the forefront of financial technology. The firm is committed to staying informed about market trends and conditions, ensuring they provide relevant insights and effective strategies to their clients. They have not reported any funding, indicating a self-sustaining business model that relies on their advisory capabilities rather than external capital.

8. monobank.com

• Website: monobank.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: Ukraine 60%, United Kingdom (UK) 40%
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: monobank

monobank.com, founded in 2021 and based in Boston, Massachusetts, is a private financial technology company that specializes in cryptocurrency and decentralized finance. The company provides a platform that allows users to securely buy, exchange, and manage digital assets through its app. With a workforce primarily distributed between Ukraine and the United Kingdom, monobank aims to revolutionize the financial experience for consumers seeking innovative banking solutions. Their services include instant cryptocurrency exchanges, secure storage options, and the ability to make payments using crypto. As the demand for decentralized financial services grows, monobank positions itself as a forward-thinking entity in the fintech industry, catering to a tech-savvy audience eager for new financial tools.

9. Roonyx BNPL platform

• Website: roonyx.tech
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 80%, Russia 20%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: roonyx

Roonyx BNPL platform, founded in 2007 and based in Boston, Massachusetts, is a private financial technology company specializing in Buy Now Pay Later (BNPL) solutions. The company provides a white-label platform that allows credit organizations and merchants to offer flexible payment options tailored to their specific market needs. Roonyx focuses on enhancing user experience and increasing transaction volumes through its innovative technology. Their platform features customizable mobile applications, integration capabilities with various credit partners, and the ability to configure installment settings for different consumer segments. Roonyx's approach aims to empower clients by providing seamless payment flexibility, thereby attracting new customers and generating additional income streams for credit organizations. With a small team of around 25 employees, Roonyx operates primarily in the United States, with a minor presence in Russia, indicating a concentrated focus on the North American market.

10. BlueSnap

• Website: bluesnap.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 54%, Israel 37%, Ireland 5%, Other 4%
• Founded year: 2001
• Headcount: 201-500
• LinkedIn: bluesnap

BlueSnap, founded in 2001 and based in Boston, Massachusetts, is a private payment processing company that offers a Global Payment Orchestration Platform. This platform is designed to simplify the payment process for businesses, enabling them to accept payments globally while managing invoicing, billing, and fraud prevention. BlueSnap caters to various industries, including software, healthcare, and retail, helping clients streamline their payment operations and enhance revenue. The company employs around 268 people, with a significant portion of its workforce located in Israel. BlueSnap's technology is modular, allowing businesses to tailor their payment solutions to specific needs, which is particularly beneficial for companies looking to optimize their payment strategies. Their commitment to providing expert support and innovative solutions positions them as a notable player in the fintech industry.

11. Sphere

• Website: spherepay.co
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 62%, Brazil 12%, Japan 12%, Other 12%
• Latest funding: $5.0M, December 2024
• Founded year: 2022
• Headcount: 11-50
• LinkedIn: sphere-laboratories

Sphere is a fintech company based in Boston, Massachusetts, founded in 2022. It operates as an operating system for digital payments, focusing on cross-border transactions and currency conversions. Sphere's offerings cater to a range of clients, including businesses, high-net-worth individuals, and finance companies. Their solutions are designed to ensure secure and efficient money transfers, with features like near-instant settlement and competitive exchange rates. Sphere has received $5 million in funding, reflecting strong investor interest. The company aims to simplify the complexities of digital payments, making them accessible and compliant with regulatory standards. Their innovative approach includes a user-friendly dashboard and a robust API, allowing clients to integrate payment solutions seamlessly into their operations. Sphere's commitment to enhancing global financial inclusion is evident in their mission to connect under-addressed markets with cost-effective payment solutions.

12. Vestigo Ventures

• Website: vestigoventures.com
• Ownership type: Private
• Headquarters: Cambridge, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 1-10
• LinkedIn: vestigo-ventures

Vestigo Ventures, founded in 2016 and based in Cambridge, Massachusetts, is a private venture capital firm dedicated to investing in the fintech sector. With a small team of experienced professionals, Vestigo focuses on seed and series A investments, providing not just capital but also strategic support to entrepreneurs. Their approach emphasizes data-driven insights and leveraging a robust network to accelerate the growth of their portfolio companies. By identifying and nurturing startups that are poised to innovate within financial services, Vestigo plays a significant role in shaping the future of fintech. Their active portfolio includes a variety of companies that are developing cutting-edge technology solutions aimed at improving financial services, demonstrating their commitment to fostering innovation in the industry.

13. Jana

• Website: jana.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: Lebanon 33%, United States (USA) 33%, Croatia 33%
• Latest funding: Series C, $57.0M, February 2016
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: jana

Jana, also known as Oxigen Services India Pvt. Ltd., is a financial services company based in Boston, Massachusetts, with a strong operational focus in India. Founded in 2009, the company specializes in digital payments and banking solutions, aiming to improve financial inclusion, especially in rural areas. Oxigen provides a range of services, including money transfers, bill payments, and retail solutions, catering to both businesses and consumers. The company has made strides in digitizing cash transactions and has developed various products such as Micro ATMs and POS systems to facilitate these services. With a workforce distributed across Lebanon, the United States, and Croatia, Jana has received significant funding, including a $57 million Series C round in 2016, which has supported its growth and expansion in the financial services sector.

14. Pymnts

• Website: pymnts.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 85%, Argentina 10%, Mexico 5%
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: pymnts-com

Pymnts, founded in 2009 and based in Boston, Massachusetts, is a private company that specializes in delivering news, insights, and analysis within the payments, retail, and fintech sectors. The platform caters to businesses and professionals who seek to stay updated on the latest trends and developments in financial services. Pymnts provides a variety of content, including reports, studies, and market insights, which are essential for understanding the evolving landscape of payments and fintech. With a workforce of approximately 88 employees, the company has a significant presence in the United States, with a smaller distribution in Argentina and Mexico. Pymnts has not reported any funding, indicating a self-sustaining business model that relies on its content and services to generate revenue.

15. Micronotes.ai

• Website: micronotes.ai
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: micronotes-inc

Micronotes.ai, based in Boston, Massachusetts, is a private financial technology firm founded in 2008. The company specializes in cloud-based digital engagement solutions tailored for banks and credit unions. By utilizing big data and machine learning, Micronotes.ai helps financial institutions enhance their interactions with customers, focusing on areas such as loan growth, deposit retention, and overall customer engagement. Their products, including Micronotes Cross-Sell and Digital Prescreen, are designed to automate the identification of customer needs and deliver personalized financial offers. This approach not only improves customer satisfaction but also drives revenue growth for their clients. Micronotes.ai has established partnerships with over 100 financial institutions, demonstrating its impact and relevance in the fintech industry.

16. Moja

• Website: withmoja.com
• Ownership type: Venture Capital
• Headquarters: Cambridge, Massachusetts, United States (USA)
• Employee distribution: Kenya 50%, United States (USA) 50%
• Latest funding: Pre-seed, $120,000, January 2023
• Founded year: 2019
• Headcount: 1-10
• LinkedIn: mojapay-io

Moja is a financial services platform based in Cambridge, Massachusetts, founded in 2019. The company specializes in facilitating group savings among family and friends, enabling users to collaborate financially regardless of their geographical locations. Moja's platform offers a range of services, including savings, loans, and access to emergency funds, which are designed to tackle the challenges of managing group finances in a modern context. The company operates with a significant employee distribution, with half of its workforce based in Kenya and the other half in the United States. Moja has recently secured pre-seed funding of $120,000 in January 2023, indicating investor confidence in its business model. As it aims to expand its reach across Africa, the Middle East, Europe, and the Americas, Moja is positioned to play a crucial role in enhancing financial collaboration and inclusion for communities worldwide.

17. Kappa

• Website: kappapay.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: Cameroon 50%, United Kingdom (UK) 25%, United States (USA) 25%
• Latest funding: Seed, $5.0M, April 2024
• Founded year: 2021
• Headcount: 1-10
• LinkedIn: kappapay

Kappa is a Boston-based financial services company founded in 2021, specializing in payment processing and foreign exchange solutions tailored for businesses and individuals in Cameroon and the CEMAC region. The company aims to empower African businesses by providing fast, reliable, and cost-effective transaction options that overcome the limitations of traditional payment systems. Kappa's services include facilitating cross-border payments, offering competitive exchange rates, and ensuring secure transactions through advanced encryption and anti-fraud technologies. With a team that spans multiple countries, including significant representation in Cameroon, Kappa is positioned to expand its services across Africa. The company recently raised $5 million in seed funding, which will support its growth and development in the fintech space, further solidifying its commitment to transforming financial services in the region.

18. Akoya

• Website: akoya.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Seed, January 2020
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: a-k-o-y-a

Akoya is a financial technology firm based in Boston, Massachusetts, founded in 2018. The company specializes in secure data sharing solutions through its API-connected network, which allows consumers and financial institutions to exchange financial data safely. Akoya's services cater to various applications, including account management, personal finance, and compliance with regulations such as the CFPB's Section 1033 open banking rule. By eliminating the need for screen scraping, Akoya enhances security and transparency in data transactions. The company has established a network that connects over 4,000 financial institutions, enabling them to offer their customers a seamless and secure way to share their financial data with fintech applications. Akoya's commitment to data privacy and security is underscored by its SOC 2 Type II certification and adherence to rigorous security standards. This focus on consumer empowerment and data control positions Akoya as a significant player in the evolving fintech landscape.

19. Polaris Financial

• Website: partnerpf.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: polaris-portfolios

Polaris Financial, founded in 2015 and based in Boston, Massachusetts, is a private financial advisory firm that specializes in providing wealth management solutions to banks, credit unions, and other financial institutions. With a team of 17 employees, Polaris Financial focuses on enhancing the wealth management capabilities of its clients through a suite of services that includes investment advice, portfolio management, and consulting. Their mission is to empower financial institutions to launch and grow their wealth management businesses, ensuring they can better serve their members and clients. Polaris Financial operates as a nationwide Registered Investment Advisor, emphasizing a partnership model that allows financial institutions to offer comprehensive wealth management services without the burden of developing these capabilities in-house. Their consulting services also include technology solutions aimed at modernizing and optimizing wealth management offerings, which is crucial in today's digital-first financial environment.

20. Tera

• Website: tera.cloud
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Latest funding: Pre-seed, $250,000, February 2020
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: terabiz

Tera, founded in 2018 and based in Boston, Massachusetts, is a financial technology company that specializes in providing a comprehensive platform for payments, banking, and spend management. The company offers solutions such as digital business accounts and corporate cards, aimed at helping businesses optimize their financial operations. Tera's platform includes features for instant payments, e-invoicing, and spend analytics, which enable finance teams to manage expenses efficiently. With a focus on empowering business owners, Tera also provides tools for setting up approval flows and controlling spending through budgets. The company has received pre-seed funding of $250,000 in February 2020, indicating early-stage investment interest in their innovative approach to financial management. Tera's solutions are particularly relevant for small to medium-sized enterprises (SMEs) and fintechs looking to enhance their financial infrastructure.

21. Lynx

• Website: lynx-fh.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 90%, Saudi Arabia 5%, Philippines 5%
• Latest funding: Series A, $27.0M, February 2025
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: lynx-finhealth

Lynx FinHealth, founded in 2021 and based in Boston, Massachusetts, is a fintech company that specializes in healthcare financial services. The company provides a comprehensive suite of APIs designed to help healthcare organizations and employers streamline payment processing, manage healthcare benefits, and offer investment options. Their clients primarily include healthcare plans and benefit administrators, who seek to enhance member engagement and simplify compliance with regulatory requirements. Lynx's technology allows for the integration of banking and payment solutions tailored specifically for healthcare, including health savings accounts (HSAs) and flexible spending accounts (FSAs). Recently, Lynx secured $27 million in Series A funding, reflecting strong investor interest in their innovative approach to healthcare finance. With a team that combines expertise in both finance and healthcare, Lynx aims to transform the way financial services are delivered in the healthcare sector.

Fintech Companies Insights: Key Companies in Massachusetts

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