The fintech industry in Minnesota is a dynamic, innovative sector populated by companies at the forefront of financial technology services. These firms leverage cutting-edge technology to offer services from online shopping solutions, mobile banking, and digital tools for financial institutions. They offer a range of products and services, such as interest-free installment plans, CRM & Sales productivity, Marketing Automation, Compliance, and Customer Intelligence solutions for banks, mortgages, and credit unions. As digital transformation shapes the future of finance, these 21 top Minnesota fintech companies are leading the way.


Top 21 fintech companies in Minnesota

1. Sezzle

  • Website: sezzle.com
  • Headquarters: Minneapolis, Minnesota, United States
  • Founded: 2016
  • Headcount: 201-500
  • Latest funding type: Post Ipo Debt
  • LinkedIn

Sezzle is a company that offers a buy now, pay later solution for online shopping. It allows customers to split their purchase into interest-free installments over time.


2. Total Expert

  • Website: totalexpert.com
  • Headquarters: St. Louis Park, Minnesota, United States
  • Founded: 2012
  • Headcount: 201-500
  • Latest funding type: Series C
  • LinkedIn

Total Expert is a leading fintech software company that offers digital tools to help financial institutions deliver the perfect financial journey. Their product offerings include CRM & Sales, Productivity, Marketing Automation, Compliance, Customer Intelligence Solutions, Mortgage Lending, Banking, and Credit Unions.


3. Branch

  • Website: branchapp.com
  • Headquarters: Minneapolis, Minnesota, United States
  • Founded: 2015
  • Headcount: 201-500
  • Latest funding type: Series C
  • LinkedIn

Branch is a financial technology company that offers a zero-fee debit card and mobile banking services. With their app, users can save, send, spend, and manage their money more easily.


4. Solutran

  • Website: solutran.com
  • Headquarters: Plymouth, Minnesota, United States
  • Founded: 1982
  • Headcount: 51-200
  • LinkedIn

Solutran is a FinTech payments platform that delivers instant, high engagement buying incentives across a national retail network. They provide multi-benefit, dual network, single card solutions for healthcare programs, including online and smart card WIC EBT solutions for Indian Tribal Organizations.


5. Liberty Check Printers

Financial-Net.com is a financial technology company that provides innovative solutions to financial institutions and consumers.


6. WireFX

  • Website: wirefx.com
  • Headquarters: Minneapolis, Minnesota, United States
  • Founded: 2019
  • Headcount: 11-50
  • LinkedIn

WireFX is a next-generation money movement platform for banks, credit unions, and fintechs, delivering global payments solutions, compliant onboarding, and transaction monitoring tools.


7. Bill & Pay

  • Website: billandpay.com
  • Headquarters: Minneapolis, Minnesota, United States
  • Founded: 2001
  • Headcount: 51-200
  • Latest funding type: Acquired
  • LinkedIn

Bill & Pay is an invoicing and payment processing software that automates recurring invoices and receives automatic payments. It offers a free 30-day trial to customize payment portals and sync with accounting systems.


8. Persolvent

  • Website: persolvent.com
  • Headquarters: St Paul Park, Minnesota, United States
  • Founded: 1993
  • Headcount: 11-50
  • LinkedIn

Persolvent is a company that provides merchant account services and solutions for businesses. They offer equipment terminals for card-present payments and integrate their accounts with third-party software. They also help businesses understand chargebacks and protect their businesses.


9. Urban FT

  • Website: urbanft.com
  • Headquarters: Minnetonka, Minnesota, United States
  • Founded: 2012
  • Headcount: 11-50
  • Latest funding type: Series Unknown
  • LinkedIn

Urban FT is a technology company that provides innovative solutions and tools to empower businesses in various industries. They offer a wide range of services to help clients dominate their industry and create positive impact in their community.


10. Veritec Financial Systems, Inc.

  • Website: vtfs.com
  • Headquarters: Golden Valley, Minnesota, United States
  • Headcount: 11-50
  • LinkedIn

blinxPay is a mobile wallet and virtual account provider


11. Entrust Datacard

Entrust Datacard offers trusted identity and secure transaction technologies for reliable and secure experiences. Their solutions span from physical financial cards and passports to digital authentication and secure communications.


12. Bluestem Brands

  • Website: bluestem.com
  • Headquarters: Eden Prairie, Minnesota, United States
  • Founded: 2002
  • Headcount: 1001-5000
  • Latest funding type: Acquired
  • LinkedIn

Bluestem.com is a parent company that operates through four distinct labels, offering a wide range of private-label merchandise through eCommerce and catalog mailings. They leverage data analytics and advanced modeling tools to optimize customer and business outcomes.


13. Jefferson Capital Systems, LLC

  • Website: jcap.com
  • Headquarters: St Cloud, Minnesota, United States
  • Founded: 2002
  • Headcount: 201-500
  • LinkedIn

Jefferson Capital is a leading purchaser and solutions provider in the consumer finance industry. They offer exceptional post-sale support and value to clients, along with a strong track record of compliance. Their expertise lies in purchasing and servicing various types of assets, including charge-offs, bankruptcies, auto finance, credit cards, telecommunications, and more.


14. AgQuest Financial Services, Inc.

  • Website: agquest.net
  • Headquarters: Morgan, Minnesota, United States
  • Founded: 1992
  • Headcount: 51-200
  • LinkedIn

AgQuest is a company that offers online payment solutions.


15. Unicard Inc

UniCard Systems is a company that offers innovative and secure payment solutions for businesses of all sizes. With advanced technology and a user-friendly interface, UniCard Systems provides a seamless payment experience that enhances customer satisfaction and streamlines operations. Their comprehensive suite of services includes contactless payment terminals, payment gateways, and loyalty programs.


16. Village Bank

Village Bank is an online banking institution that provides a range of financial services to individuals and businesses. With a focus on online security and customer convenience, Village Bank offers features such as online banking, bill payment, and mobile banking. They strive to provide a seamless and secure banking experience for their customers.


17. Spyderwood

  • Website: spyderwood.com
  • Headquarters: Bloomington, Minnesota, United States
  • Headcount: 1-10

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18. Luminate Bank

  • Website: luminate.bank
  • Headquarters: Minnetonka, Minnesota, United States
  • Founded: 1937
  • Headcount: 11-50
  • LinkedIn

Luminate Bank is a financial institution offering a range of banking services to individuals and businesses. With a focus on innovation and convenience, Luminate Bank provides secure and user-friendly online banking, mobile banking, and investment services.


19. Wells Fargo Shareowner Services

Shareowner Online is an online platform that provides services related to investment and stock ownership. Users can access their investment portfolios, purchase and sell shares, view account balances, and reinvest dividends. The platform offers convenience and accessibility to individuals looking to manage their investments.


20. Apruve

  • Website: apruve.com
  • Headquarters: Minneapolis, Minnesota, United States
  • Founded: 2013
  • Headcount: 11-50
  • Latest funding type: Acquired
  • LinkedIn

Apruve is a global credit network and payment platform that offers credit and accounts receivable automation solutions. With a focus on international eCommerce marketplaces, Apruve simplifies and accelerates the underwriting process by connecting businesses with a global network of lenders. They help businesses increase sales, improve the customer experience, and reduce risk while accelerating growth with revenue predictability.


21. EleVia Software

  • Website: eleviasoftware.com
  • Headquarters: Minneapolis, Minnesota, United States
  • Founded: 2009
  • Headcount: 11-50
  • Latest funding type: Acquired
  • LinkedIn

EleVia Software is a company that provides financial and operational software solutions for architecture, engineering, and professional service firms. Their products integrate with Deltek Vision and Vantagepoint ERP Systems, helping firms improve cash flow, increase productivity, and reduce operating costs.


Want to find more fintech companies?


If you want to find more companies that provide services ranging from buy now, pay later solutions to digital financial tools you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


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


  • Ownership: Which of these are private equity backed? Which are family-owned?
  • Contact data: Who are the owners 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!