Fintech companies in Pennsylvania are at the forefront of reshaping how individuals and businesses engage with financial services. This sector includes firms specializing in digital banking, payment processing, lending solutions, and blockchain technology, among others. With increasing attention on innovations that provide enhanced user experiences and drive operational efficiency, these companies are leveraging technology to address challenges within traditional banking frameworks. As regulatory landscapes shift and consumer preferences evolve, the industry is poised to see substantial growth, focusing on financial inclusion and cutting-edge solutions that simplify financial management for diverse user bases.

This list highlights a range of fintech companies from Pennsylvania, including small startups to larger organizations, all contributing to the financial sector. Founded between 1922 and 2023, these companies vary in size, with employee counts ranging from small teams to thousands. They specialize in various offerings, from digital banking solutions at BM Technologies to embedded lending platforms like LoanStar Technologies, showcasing the state’s innovation and entrepreneurial spirit in finance technology.

Continue reading to explore Pennsylvania's top fintech companies.

Top 23 Fintech Companies Companies in Pennsylvania

1. BM Technologies, Inc. (BMTX) f/k/a BankMobile

• Website: bankmobile.com
• Ownership type: Private
• Headquarters: Radnor, Pennsylvania, United States (USA)
• Founded year: 2015
• Headcount: 201-500
• LinkedIn: bankmobile

BM Technologies, Inc. (BMTX), formerly known as BankMobile, is a digital banking service provider based in Radnor, Pennsylvania. Founded in 2015, the company offers a variety of financial products, including checking and savings accounts, loans, and identity verification services. BMTX primarily serves consumers, with a particular focus on students and educational institutions. Their banking-as-a-service model allows them to partner with businesses and schools to deliver customized financial solutions. This approach not only enhances financial empowerment for their users but also addresses security concerns in the digital banking space. BMTX is committed to safeguarding personal and financial information, which is critical in today's environment of increasing fraud risks. The company also promotes financial literacy through initiatives like their annual scholarship program, aimed at supporting students who advocate for financial empowerment. BMTX is publicly traded on the New York Stock Exchange under the ticker symbol BMTX, reflecting its growth and presence in the fintech industry.

2. cred.ai

• Website: cred.ai
• Ownership type: Venture Capital
• Headquarters: Philadelphia, Pennsylvania, United States (USA)
• Employee distribution: India 55%, United States (USA) 45%
• Latest funding: Series A, $675,000, December 2021
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: cred-ai

cred.ai is a financial technology company based in Philadelphia, Pennsylvania, established in 2016. The firm specializes in providing innovative banking solutions, including deposit accounts and credit cards, aimed at enhancing financial management for consumers and brands alike. Their flagship product, the Unicorn Card, is marketed as a credit optimizer that helps users manage their spending effectively. The company operates through a digital platform that prioritizes user experience and security, ensuring that customers can navigate their financial lives with confidence. cred.ai has also partnered with major organizations to create tailored financial solutions, demonstrating its capacity to serve both individual consumers and larger entities. As of December 2021, cred.ai secured a Series A funding round, reflecting its growth potential and the interest of venture capital in its business model.

3. numo llc

• Website: numo.com
• Ownership type: Private
• Headquarters: Pittsburgh, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 11-50
• LinkedIn: numo-llc

numo llc, based in Pittsburgh, Pennsylvania, is a fintech company founded in 2016. It operates as a technology incubator, dedicated to building innovative financial products and services. numo focuses on identifying unsolved problems within the financial services sector and developing solutions that cater to both financial institutions and independent workers. Their portfolio includes products like Triple, a flexible offers platform, and Sentral, which provides a centralized processing gateway for debit transactions. numo's unique model combines elements of a startup, corporate innovation lab, and tech incubator, allowing them to rapidly prototype and launch new products. This approach not only fosters creativity but also positions them to spin off successful ventures into standalone companies, enhancing their impact in the fintech industry.

4. Royal Bank America | Member FDIC

• Website: royalbankamerica.com
• Ownership type: Corporate
• Headquarters: Narberth, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $127.0M, January 2017
• Founded year: 1963
• Headcount: 51-200
• LinkedIn: royal-bank-america

Royal Bank America, established in 1963 and based in Narberth, Pennsylvania, is a banking and financial services company that caters to consumers seeking reliable banking solutions. The firm offers a range of personal banking services, including loans and online banking features that allow customers to manage their finances conveniently. Notably, Royal Bank America has ventured into the cryptocurrency market, providing trading opportunities and essential information for individuals interested in digital currencies. The company emphasizes the importance of understanding market sentiments and trading risks, partnering with various crypto brokerage tools to enhance its service offerings. With a workforce of approximately 97 employees, Royal Bank America aims to support financial independence through innovative solutions in both traditional banking and the evolving cryptocurrency landscape.

5. Matera

• Website: matera.com
• Ownership type: Private Equity
• Headquarters: Philadelphia, Pennsylvania, United States (USA)
• Employee distribution: Brazil 99%
• Latest funding: $100.0M, July 2024
• Founded year: 1987
• Headcount: 1001-5000
• LinkedIn: matera

Matera, founded in 1987, is a financial technology company headquartered in Philadelphia, Pennsylvania, with a strong operational presence in Brazil. The company specializes in providing advanced solutions for banking and payment processing, catering primarily to financial institutions and fintechs. Matera's product offerings include Digital Twin, which enhances real-time transaction authorizations, PIX Enablement for facilitating instant payments in Brazil, and QR Code Solutions that streamline mobile payments. With a workforce of over 1,200 employees and a client portfolio that includes two of the top three global banks and a third of all banks in Brazil, Matera has positioned itself as a significant player in the fintech space. The company recently secured $100 million in funding, further solidifying its financial standing and growth prospects in the industry.

6. Aspire Payments Limited

• Website: aspirepayments.co.uk
• Ownership type: Private
• Headquarters: Chester, Pennsylvania, United States (USA)
• Employee distribution: United Kingdom (UK) 100%
• Founded year: 2023
• Headcount: 11-50
• LinkedIn: aspire-payments-ltd

Aspire Payments Limited, founded in 2023 and based in Chester, Pennsylvania, is a fintech company that specializes in providing payment solutions and financial services. The firm is dedicated to supporting businesses involved in international trade by offering secure payment accounts, competitive foreign exchange services, and customized finance solutions. Their flagship product, Muloot Money, aims to simplify and optimize international financial transactions, catering to a variety of global currencies. As an FCA-registered firm, Aspire Payments emphasizes regulatory compliance and operational excellence in its service delivery. The company operates under the Aspire Commerce Group Limited, which also includes Aspire Lending Limited, indicating a broader strategy to provide comprehensive financial solutions. Despite being a new entrant in the industry, Aspire Payments is positioned to address the needs of businesses navigating the complexities of global trade.

7. Anovaa

• Website: anovaa.com
• Ownership type: Private
• Headquarters: Malvern, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 87%, Saudi Arabia 13%
• Founded year: 2020
• Headcount: 51-200
• LinkedIn: anovaa

Anovaa, founded in 2020 and based in Malvern, Pennsylvania, is a private financial technology company specializing in lending solutions and financial education. With a team of 51-200 employees, Anovaa provides a variety of products, including business, education, and personal loans, as well as demand generation services. Their clients primarily consist of banks and credit unions seeking to enhance their lending capabilities. Anovaa operates on a Software as a Service (SaaS) model, offering highly configurable solutions that streamline loan origination processes and improve customer engagement. The company has made significant strides in the consumer lending market, reporting over $5 billion in annual lending and serving more than 8 million customers. Anovaa's focus on financial education aims to promote transparency and financial literacy among borrowers, further solidifying its role in the fintech industry.

8. PCNC IT Solutions

• Website: pcnc2000.com
• Ownership type: Private
• Headquarters: Bethlehem, Pennsylvania, United States (USA)
• Founded year: 1997
• Headcount: 11-50
• LinkedIn: pcnc-it-solutions

PCNC IT Solutions, founded in 1997 and based in Bethlehem, Pennsylvania, is a technology provider focused on the financial sector. The company specializes in creating software and hardware solutions that cater to the needs of financial institutions. Their product lineup includes mobile banking platforms, payment processing systems, e-wallet solutions, and advanced customer identification services. Notably, PCNC has established partnerships with key banks, such as the Bank of Palestine, to develop innovative payment solutions like PalPay, which processes over 1.2 million transactions monthly. Their commitment to enhancing security and operational efficiency is evident in their offerings, which comply with industry standards set by major payment networks like Visa and Mastercard. PCNC's ongoing efforts in fintech innovation, particularly through their Hisabi Suite, position them as a significant player in the financial technology landscape.

9. Credit Genie

• Website: creditgenie.com
• Ownership type: Venture Capital
• Headquarters: Philadelphia, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), October 2023
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: creditly-corp

Credit Genie, based in Philadelphia, Pennsylvania, is a financial technology company founded in 2019. The firm specializes in offering cash advances of up to $100, with no interest and no credit checks, making it accessible for consumers who may struggle with traditional banking options. Their mobile app not only facilitates quick cash access but also provides users with insights into their spending habits, helping them manage their finances more effectively. The company aims to empower individuals by providing tools that promote better financial decision-making. With a team of experts from notable companies like PayPal and Oracle, Credit Genie leverages technology and data science to enhance its services. As of October 2023, the company has not reported any significant funding, indicating a focus on sustainable growth and operational efficiency.

10. L.A. Sistemas S.A.

• Website: lasistemas.com
• Ownership type: Private
• Headquarters: Clayton, Pennsylvania, United States (USA)
• Employee distribution: Venezuela 84%, Panama 16%
• Founded year: 1985
• Headcount: 51-200
• LinkedIn: la-sistemas-sa

L.A. Sistemas S.A., founded in 1985 and based in Clayton, Pennsylvania, is a private financial software company that specializes in delivering reliable software solutions and consulting services tailored for financial institutions. With a workforce of around 31 employees, the company has a significant presence in Latin America, particularly in Venezuela and Panama. L.A. Sistemas focuses on automating financial processes and ensuring compliance with regulatory standards, which are critical for banks, investment firms, and cooperatives. Their product suite includes various financial software solutions, cloud services, and consulting aimed at enhancing operational efficiency and regulatory adherence. The company has established partnerships with major technology providers, such as Microsoft, to bolster their cloud offerings. Their commitment to innovation is evident in their focus on digital transformation within the financial sector, making them a relevant player in the fintech industry.

11. InFirst Bank

• Website: infirstbank.bank
• Ownership type: Private
• Headquarters: Indiana, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1922
• Headcount: 51-200
• LinkedIn: infirst-bank

InFirst Bank, established in 1922, is a private financial institution located in Indiana, Pennsylvania. It serves both individual consumers and businesses, offering a variety of banking services that include personal and business checking and savings accounts, loans, and digital banking solutions. The bank emphasizes its commitment to the local community, providing tailored financial products that meet the needs of its customers. InFirst Bank has embraced digital banking, offering online and mobile banking services, person-to-person payments, and integration with popular payment platforms like Apple Pay and Google Pay. This focus on digital convenience reflects its adaptation to modern banking trends, making it relevant in the fintech space, even if it retains traditional banking characteristics.

12. CardConnect

• Website: cardconnect.com
• Ownership type: Corporate
• Headquarters: King Of Prussia, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 98%, Other 2%
• Latest funding: $750.0M, May 2017
• Founded year: 2006
• Headcount: 5001-10000
• LinkedIn: cardconnect

CardConnect, founded in 2006 and based in King Of Prussia, Pennsylvania, is a payment processing company that specializes in providing a comprehensive suite of solutions for payment acceptance. Their services cater to various business types, including retailers and restaurants, offering tools that facilitate efficient transaction management. CardConnect's product lineup includes POS systems, payment gateways, and fraud management tools, all designed to streamline payment processes for their clients. The company operates primarily in the United States, with a workforce of around 338 employees. In 2017, CardConnect secured $750 million in funding, which underscores their growth potential and commitment to enhancing their service offerings. Their integration with Fiserv further strengthens their position in the payments industry, allowing them to leverage advanced technology and support for their partners and merchants.

13. Ying

• Website: liveying.com
• Ownership type: Private
• Headquarters: Philadelphia, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: ying

Ying Inc., based in Philadelphia, Pennsylvania, is a fintech company founded in 2015. The company specializes in providing innovative payment solutions, including wearables and virtual cards, aimed at both consumers and businesses. Ying's products are designed to be secure and environmentally friendly, with wearables made from recycled ocean plastic. Their payment solutions are accepted globally wherever Visa contactless payments are available. Ying also promotes community engagement through initiatives like ROUND UP, which allows users to round up their transactions to support charitable causes. This focus on social impact, combined with their technological innovations, positions Ying as a relevant player in the fintech industry.

14. Dollar Financial Money Mart

• Website: moneymart.com
• Ownership type: Private Equity
• Headquarters: Pittsburgh, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 53%, Canada 36%, United Kingdom (UK) 6%, Other 6%
• Latest funding: $1.3B, April 2014
• Founded year: 2010
• Headcount: 1-10
• LinkedIn: dollar-financial-money-mart

Dollar Financial Money Mart, founded in 2010 and based in Pittsburgh, Pennsylvania, is a financial services provider that specializes in cash advance loans, check cashing, money orders, and money transfers. The company serves both consumers and small businesses, offering quick access to cash and tailored financial solutions. Money Mart operates through a network of physical locations across the United States, Canada, and the United Kingdom, and has a significant presence in the payday loan market. The company has received substantial funding, totaling $1.3 billion, which underscores its operational scale and market reach. Despite its traditional service model, Money Mart has made efforts to integrate some online functionalities, allowing customers in select states to apply for loans digitally. This blend of physical and digital services positions Money Mart as a notable player in the financial services sector, though its reliance on high-interest loans may be viewed critically in the broader fintech context.

15. The Windward Islands Bank Ltd.

• Website: wib-bank.net
• Ownership type: Private
• Headquarters: Philipsburg, Pennsylvania, United States (USA)
• Employee distribution: Sint Maarten (Dutch part) 80%, Netherlands 20%
• Founded year: 1960
• Headcount: 51-200
• LinkedIn: the-windward-islands-bank-ltd.

The Windward Islands Bank Ltd. is a financial institution based in Philipsburg, Pennsylvania, with a strong operational presence in the Caribbean, particularly Sint Maarten. Founded in 1960, the bank provides a variety of banking services tailored to both individual consumers and businesses. Their offerings include personal accounts, loans, credit cards, and insurance products, aimed at helping clients manage their finances effectively. The bank has recently integrated the Sentoo online payment solution into its services, allowing merchants to offer online payments and enhancing the overall digital banking experience for customers. This integration reflects the bank's efforts to adapt to the evolving financial landscape and meet the needs of its clientele. With a workforce of around 51-200 employees, the bank is privately owned and has maintained a steady presence in the financial sector for over six decades.

16. Versatile Credit

• Website: versatilecredit.com
• Ownership type: Private Equity
• Headquarters: Mechanicsburg, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: September 2023
• Founded year: 1995
• Headcount: 51-200
• LinkedIn: versatile-credit

Versatile Credit, based in Mechanicsburg, Pennsylvania, is a financial technology firm that specializes in omnichannel financing solutions for retailers and lenders. Founded in 1995, the company has developed a suite of technologies designed to create seamless financing experiences for consumers, thereby enhancing sales opportunities for retailers. Their platform integrates with existing sales processes, allowing retailers to offer consistent financing options across various channels, whether in-store or online. Versatile Credit partners with over 25 prime, near-prime, and no-credit-required providers, enabling them to cater to a wide range of consumer credit needs. Their innovative solutions, such as the Credit Cascade and Snap Sign, facilitate a frictionless application experience, driving higher application and approval volumes. The company’s focus on data analytics empowers retailers to make informed decisions, optimizing their financing programs and improving overall performance.

17. Ventures Lending Technologies

• Website: venturesgo.com
• Ownership type: Corporate
• Headquarters: Mechanicsburg, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: February 2025
• Founded year: 2004
• Headcount: 11-50
• LinkedIn: venturesgo

Ventures Lending Technologies, based in Mechanicsburg, Pennsylvania, is a financial technology firm founded in 2004. The company focuses on delivering software solutions specifically designed for lenders, including non-bank lenders and credit unions. Their product offerings include integrated systems for loan processing, document generation, and payment tracking, all aimed at enhancing operational efficiency and customer service in the financial services industry. Ventures Lending Technologies serves a variety of clients, including Community Development Financial Institutions (CDFIs), law firms, and mission-based lenders, showcasing their adaptability to different lending environments. The company emphasizes customer support and user-friendly software, which has garnered positive feedback from clients who appreciate the ease of use and responsiveness of their service. As of now, Ventures Lending Technologies has not reported any recent funding, indicating a self-sustaining business model.

18. Money Mart Canada

• Website: moneymart.ca
• Ownership type: Private
• Headquarters: Malvern, Pennsylvania, United States (USA)
• Founded year: 1979
• Headcount: 501-1000
• LinkedIn: money-mart-canada

Money Mart Canada, founded in 1979, is a financial services provider based in Malvern, Pennsylvania. The company specializes in offering a range of financial products, including installment loans, cash advance loans, cheque cashing, and money orders. With a focus on serving consumers who require immediate access to funds, Money Mart operates both physical branches and an online platform for loan applications. Their services cater to individuals facing cash flow challenges or emergencies, making them a relevant player in the financial services industry. The company also features a mobile app, enhancing customer convenience and accessibility. Money Mart has been a part of the financial landscape for over four decades, adapting to changing consumer needs and technological advancements.

19. LoanStar Technologies

• Website: loanstartechnologies.com
• Ownership type: Venture Capital
• Headquarters: Swarthmore, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $28.0M, January 2024
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: loanstar-technologies

LoanStar Technologies, founded in 2015 and based in Swarthmore, Pennsylvania, specializes in embedded lending solutions. The company offers platforms such as MerchantLinQ and LeadSparQ, which enable lenders and merchants to provide flexible financing options to consumers. Their services target various sectors, including home improvement, HVAC, and recreational vehicles, enhancing customer engagement and satisfaction. LoanStar has established partnerships with over 60 credit unions and banks, facilitating approximately $1.2 billion in annual funding through its platforms. The company recently secured $28 million in funding in January 2024, reflecting its growth trajectory and the increasing demand for its innovative lending solutions.

20. Applied Card Systems

• Website: appliedcard.com
• Ownership type: Private
• Headquarters: Glen Mills, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1987
• Headcount: 201-500
• LinkedIn: applied-card-systems

Applied Card Systems, founded in 1987 and based in Glen Mills, Pennsylvania, specializes in credit card processing and servicing for small- and mid-sized financial institutions. The company has built a reputation for its customer service, emphasizing a philosophy of 'One Call Resolution' to ensure efficient handling of customer inquiries. With a workforce of around 100 employees, Applied Card Systems operates two facilities in Pennsylvania and Florida, servicing over half a million customers. Their investment in technology, amounting to over $100 million, underscores their commitment to maintaining state-of-the-art systems that enhance their service offerings. The company primarily handles general purpose Visa and MasterCard branded credit cards, facilitating transactions for a variety of clients. Their focus on associate development and community involvement further illustrates their operational ethos, making them a notable entity in the fintech industry.

21. FreedomPay

• Website: freedompay.com
• Ownership type: Private
• Headquarters: Philadelphia, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 87%, United Kingdom (UK) 9%, Ireland 2%, Other 2%
• Founded year: 2000
• Headcount: 501-1000
• LinkedIn: freedompay

FreedomPay, founded in 2000 and based in Philadelphia, Pennsylvania, is a payment technology company that specializes in providing a comprehensive payment platform as a service. The company serves various industries, including food services, gaming, hospitality, retail, higher education, and eCommerce. FreedomPay's platform is designed to streamline payment processes and enhance customer experiences, making it a vital partner for businesses looking to modernize their payment systems. The company has made significant strides in the payments industry, managing billions of transactions annually and retaining clients at an impressive rate. FreedomPay's technology integrates seamlessly with existing systems, allowing businesses to evolve without the need for complete overhauls. Their recent partnership with Stripe aims to simplify commerce for enterprises, showcasing their commitment to innovation and collaboration in the fintech space.

22. MEMO Financial Services, Inc.

• Website: memoco.com
• Ownership type: Private
• Headquarters: Camp Hill, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1986
• Headcount: 11-50
• LinkedIn: memo-financial-services-inc.

MEMO Financial Services, Inc., based in Camp Hill, Pennsylvania, has been a player in the financial services sector since its founding in 1986. The company specializes in alternative financial solutions, offering products such as money orders, bill payment services, prepaid transit services, mobile top-up, and merchant services through its MEMOPay platform. MEMO serves a broad customer base, including individual consumers seeking secure payment methods and businesses looking for dependable payment processing options. With a network of over 3,000 agents across 26 states, MEMO facilitates various financial transactions, ensuring accessibility and convenience for its users. The company emphasizes compliance and customer service, providing support to both agents and consumers. Despite not having reported any recent funding, MEMO continues to operate actively in the financial services industry, adapting to the needs of its clientele.

23. Meridian Bank

• Website: investor.meridianbanker.com
• Ownership type: Private
• Headquarters: Malvern, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 99%
• Founded year: 2004
• Headcount: 201-500
• LinkedIn: meridianbank

Meridian Bank, founded in 2004 and based in Malvern, Pennsylvania, is a private banking institution that offers a wide range of financial services. It caters to both business professionals and retail customers across several states, including Pennsylvania, New Jersey, Delaware, Maryland, and Florida. The bank provides personal banking services such as checking and savings accounts, loans, home mortgages, and wealth management. For businesses, it offers tailored solutions including business banking, commercial real estate lending, and cash management services. Meridian Bank distinguishes itself by focusing on technology as a means to enhance customer experience and operational efficiency. This commitment to innovation is evident in its approach to creating personalized banking solutions and its ongoing efforts to strengthen local communities through partnerships and support initiatives.

Fintech Companies Insights: Key Companies in Pennsylvania

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