Alabama's fintech industry is thriving, marked by innovation and a focus on user convenience. Companies in this sector offer a wide array of solutions, including payment processing, digital banking, and financial management tools for both consumers and businesses. With technological advancements driving growth, firms are embracing mobile and cloud-based services to enhance accessibility. Notably, there’s a commitment to improving financial inclusion, making services available to historically underserved populations. Whether it’s through e-payments or credit solutions, these companies are equipped to meet modern demands and are poised for further expansion in an increasingly digital landscape.

This list highlights 24 fintech companies operating in Alabama, ranging in size from small startups to significant financial institutions. These firms are headquartered in key cities like Birmingham, Montgomery, and Huntsville, reflecting regional strengths. Founded between 1956 and 2023, they offer specializations from core banking solutions to instant payment services. Noteworthy examples include Commonwealth National Bank, which emphasizes community-focused banking, and innovative platforms like Maybe Finance, enhancing personal finance management. Together, they reflect Alabama's growing stature in the national fintech arena.

Continue reading to discover the top fintech companies in Alabama.

Top 24 Financial Technology Companies in Alabama

1. Arius

• Website: ariusgroup.com
• Ownership type: Private
• Headquarters: Montgomery, Alabama, United States (USA)
• Employee distribution: United States (USA) 90%, Nicaragua 10%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: consumeredge-inc

Arius is a private financial technology company based in Montgomery, Alabama, founded in 2017. With a team of 20 employees, Arius specializes in developing innovative software solutions aimed at enhancing financial experiences for both businesses and consumers. Their offerings include cloud-based B2B SaaS platforms and mobile applications designed to improve customer engagement and profitability. Arius operates in various sectors, including finance, credit, and banking, and is dedicated to creating user-friendly products that make a significant difference in people's lives. The company is also focused on continuous innovation, striving to deliver exceptional results and maintain a strong commitment to customer satisfaction. As they expand their operations, Arius is actively involved in the fintech space, working on cutting-edge digital properties that aim to transform consumer services.

2. VisiFI

• Website: visifi.com
• Ownership type: Private
• Headquarters: Hoover, Alabama, United States (USA)
• Employee distribution: United States (USA) 95%, Mexico 5%
• Founded year: 2000
• Headcount: 201-500
• LinkedIn: visifiusa

VisiFI is a financial technology company based in Hoover, Alabama, specializing in core banking and digital banking solutions for credit unions and community banks. Founded in 2000, VisiFI has developed a suite of software as a service (SaaS) offerings designed to improve operational efficiency and enhance customer engagement. Their solutions include a user-friendly core banking system, a flexible digital banking platform, and comprehensive total solutions that integrate both. VisiFI's approach is characterized by a commitment to customer collaboration, ensuring that their products evolve in response to user feedback. The company operates primarily in the United States, with a small presence in Mexico, and has built a reputation for delivering tailored solutions that meet the unique challenges faced by community financial institutions.

3. Al Ahly Momkn For E-payments

• Website: alahlymomkn.com
• Ownership type: Private
• Headquarters: Cairo, Alabama, United States (USA)
• Employee distribution: Egypt 99%
• Latest funding: May 2024
• Founded year: 2021
• Headcount: 10001+
• LinkedIn: momkn-payment

Al Ahly Momkn For E-payments is a private fintech company based in Cairo, Egypt, established in 2021. The company specializes in providing electronic payment solutions that cater to both businesses and consumers. Its services include cash collection, online payments, and secure transaction processing, targeting various sectors such as telecom, education, transportation, and more. Al Ahly Momkn is dedicated to enhancing financial inclusion, aiming to make financial transactions more accessible and efficient for its clients. The company aggregates local payment providers and financial institutions into a single platform, facilitating seamless payment experiences. With a strong emphasis on security and customer satisfaction, Al Ahly Momkn is positioned to play a significant role in the evolving fintech landscape in Egypt.

4. Commonwealth National Bank

• Website: ecommonwealthbank.com
• Ownership type: Private
• Headquarters: Mobile, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Grant), $1.6M, April 2023
• Founded year: 1976
• Headcount: 11-50
• LinkedIn: commonwealth-national-bank-cnb-

Commonwealth National Bank, headquartered in Mobile, Alabama, has been serving its community since 1976. As one of only 14 Black-owned banks in the United States, it emphasizes a mission-driven approach to banking. The bank offers a variety of financial services, including personal and business banking, loans, and credit cards, with a particular focus on supporting low to moderate-income households. Their recent funding of approximately $1.5 million in April 2023, categorized as a grant, reflects ongoing efforts to enhance their service offerings. The bank is committed to financial wellness, exemplified by their 'Money Matters' platform, which aims to strengthen financial confidence among customers. With a modern banking app that facilitates online account management and a robust ATM network, Commonwealth National Bank is adapting to the evolving financial landscape while maintaining its community roots.

5. Citizens Bank & Trust AL

• Website: citizensbanktrust.com
• Ownership type: Private
• Headquarters: Guntersville, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Grant), $5.0M, April 2023
• Founded year: 2003
• Headcount: 51-200
• LinkedIn: citizens-bank-trust-al

Citizens Bank & Trust AL, founded in 2003 and based in Guntersville, Alabama, is a private banking institution that serves individuals and businesses in North Alabama. The bank offers a range of financial services, including personal and business checking and savings accounts, loans, and digital banking solutions. Their focus on community banking allows them to tailor financial products to meet local needs, fostering strong relationships with their customers. Citizens Bank & Trust has also embraced technology, providing digital banking services that enable customers to manage their accounts online and through a mobile app. In April 2023, the bank received funding amounting to nearly $5 million, which reflects their ongoing efforts to enhance their service offerings and adapt to the evolving financial landscape.

6. Peoples Bank of Alabama

• Website: peoplesbankal.com
• Ownership type: Private
• Headquarters: Cullman, Alabama, United States (USA)
• Employee distribution: United States (USA) 96%, France 4%
• Founded year: 1977
• Headcount: 201-500
• LinkedIn: peoplesbankofalabama

Peoples Bank of Alabama, established in 1977, operates as a community bank based in Cullman, Alabama. With a workforce of approximately 163 employees, the bank provides a range of financial services tailored to both individual consumers and businesses. Its offerings include personal and business banking, loans, and a suite of digital banking solutions designed to enhance customer convenience. The bank emphasizes customer service and community involvement, reflecting its commitment to local engagement. Notably, Peoples Bank of Alabama has integrated modern banking technologies, such as mobile banking and online account management, into its services, showcasing its adaptability in a rapidly evolving financial landscape. The bank's digital services include features like MyCardRules for debit card management and CashPlease for short-term loans, further illustrating its efforts to meet contemporary banking needs.

7. Nova Bank

• Website: nova.bank
• Ownership type: Private
• Headquarters: Huntsville, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2023
• Headcount: 11-50
• LinkedIn: novabankal

Nova Bank is a financial services institution based in Huntsville, Alabama, dedicated to providing banking solutions tailored to the needs of individuals and businesses in its local community. Founded in 2023, the bank emphasizes local ownership and decision-making, aiming to foster a supportive and personalized banking experience. With a team of 29 employees, Nova Bank is positioned to address the financial needs of its customers through a community-focused approach. The bank is a member of the FDIC and an Equal Housing Lender, ensuring compliance with federal regulations and a commitment to safeguarding customer interests. As a new entrant in the financial sector, Nova Bank seeks to leverage its local roots to build strong relationships with its clientele, although it currently lacks external funding to support its growth initiatives.

8. Maybe

• Website: maybe.co
• Ownership type: Venture Capital
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: France 50%, United States (USA) 50%
• Latest funding: Seed, July 2022
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: maybe

Maybe Finance, Inc., founded in 2021 and based in Birmingham, Alabama, is a financial technology company dedicated to personal finance management. The company provides a variety of tools, including calculators and investment advice, designed to assist individuals in navigating their financial journeys. With a strong focus on enhancing financial literacy, Maybe aims to empower consumers to make informed investment decisions. The platform features articles on various financial topics, a glossary of financial terms, and interactive tools that help users visualize their financial situations. The company operates on an open-source model, encouraging community involvement and self-hosting options for its tools. Employee distribution is balanced between the United States and France, reflecting a global perspective in its approach to personal finance. As of July 2022, Maybe has not reported any funding, indicating a self-sustained growth strategy at this stage.

9. First Citizens Bank of Luverne

• Website: fcbl.com
• Ownership type: Private
• Headquarters: Luverne, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1980
• Headcount: 51-200
• LinkedIn: first-citizens-bank-of-luverne

First Citizens Bank of Luverne, established in 1980, is a private financial institution located in Luverne, Alabama. The bank provides a variety of banking services tailored to meet the needs of both individuals and businesses. Their offerings include checking and savings accounts, loans, credit cards, and mobile banking solutions. The bank emphasizes customer service and community involvement, aiming to support local businesses and residents. With a commitment to integrating technological advancements, First Citizens Bank has adopted features like online banking and mobile deposit, which enhance customer convenience. Despite its traditional banking roots, the bank is actively working to incorporate modern banking technologies to better serve its clientele.

10. REDi

• Website: 4redi.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2006
• Headcount: 11-50
• LinkedIn: redi-digital-solutions

REDi Enterprise Development, Inc., based in Birmingham, Alabama, is a software provider focused on fraud prevention and regulatory compliance solutions for the financial services industry. Founded in 2006, REDi has carved out a niche by offering specialized products like REDiVerify, REDiNotify, and REDiCardControl, which help community banks and credit unions manage fraud risks effectively. With over 100 clients across the United States, REDi's solutions are designed to enhance security and improve customer engagement, addressing the unique challenges faced by smaller financial institutions. The company emphasizes continuous improvement and adaptation to industry trends, ensuring that their offerings remain relevant in a rapidly evolving market. Their commitment to client service and innovative technology positions them as a significant player in the fintech sector.

11. Dynamic Merchant Processing, LLC

• Website: dmprocessing.com
• Ownership type: Private
• Headquarters: Oxford, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2000
• Headcount: 11-50
• LinkedIn: dynamic-merchant-processing-llc

Dynamic Merchant Processing, LLC (DMP) is a merchant services provider based in Oxford, Alabama, established in 2000. The company specializes in a variety of payment processing solutions, including credit card processing, mobile payments, e-commerce services, and point-of-sale systems. DMP is particularly noted for its innovative Cash Discount Program, which allows merchants to significantly reduce their processing costs. With a team that boasts over 60 years of combined experience in merchant services, DMP aims to deliver personalized support and efficient solutions tailored to the needs of businesses across various sectors. They operate as a cooperative buying network, offering processor direct wholesale pricing, which enhances their competitive edge in the payment processing industry. DMP's focus on customer service is evident through their 24/7 live support, ensuring that clients receive assistance whenever needed. Their partnership with SignaPay further strengthens their position in the market, allowing them to provide cutting-edge technology and cost-effective payment solutions.

12. CHECKredi

• Website: checkredi.com
• Ownership type: Private
• Headquarters: Huntsville, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1989
• Headcount: 11-50
• LinkedIn: checkredi

CHECKredi, based in Huntsville, Alabama, is a private payment processing company founded in 1989. With a workforce of 11-50 employees, CHECKredi specializes in a range of payment solutions, including credit card processing, check collections, and point-of-sale systems. The company primarily serves businesses and organizations, with a notable focus on educational institutions. Their services aim to streamline payment operations, reduce the risks associated with bad checks, and enhance cash flow through offerings like electronic check collections and remote deposit capture. CHECKredi's commitment to providing secure and efficient payment processing solutions has made them a reliable partner for their clients, particularly in managing the complexities of check payments and collections. They also offer a variety of Clover POS systems, which integrate multiple payment functionalities into a single platform, catering to the evolving needs of businesses.

13. DeepTarget, Inc.

• Website: deeptarget.com
• Ownership type: Private
• Headquarters: Huntsville, Alabama, United States (USA)
• Employee distribution: United States (USA) 91%, India 9%
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: deeptarget-inc.

DeepTarget, Inc., founded in 2009 and based in Huntsville, Alabama, operates as a digital marketing agency dedicated to the financial services sector. The company specializes in providing innovative marketing solutions tailored for credit unions and banks. Their offerings include Growth as a Service (GRaaS) and a Digital Experience Platform (DXP), which are designed to enhance customer engagement and facilitate cross-selling opportunities. DeepTarget utilizes advanced data analytics and artificial intelligence to create personalized marketing campaigns that help financial institutions effectively reach and retain their customers. With a commitment to measurable results, DeepTarget has established itself as a valuable partner for over 200 financial institutions, demonstrating a clear impact on their clients' growth and profitability.

14. Alabama Credit Union

• Website: alabamacu.com
• Ownership type: Private
• Headquarters: Tuscaloosa, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), $18.5M, August 2022
• Founded year: 1956
• Headcount: 201-500
• LinkedIn: alabama-credit-union

Alabama Credit Union, founded in 1956 and based in Tuscaloosa, Alabama, is a member-owned credit union dedicated to providing a range of financial services to individuals and families in Alabama and North Florida. The institution offers checking and savings accounts, loans, credit cards, and financial education, emphasizing the importance of financial well-being and community support. With a workforce of approximately 281 employees, Alabama Credit Union is committed to empowering its members through accessible financial solutions. The credit union has also engaged in community initiatives, such as supporting local programs aimed at reducing hunger among children. In 2022, Alabama Credit Union secured $18.5 million in funding, indicating its active role in the financial sector and its potential for growth and innovation.

15. Quantalytix

• Website: quantalytix.com
• Ownership type: Venture Capital
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 88%, Vietnam 12%
• Latest funding: Seed, $50,000, December 2016
• Founded year: 2016
• Headcount: 1-10
• LinkedIn: quantalytix

Quantalytix, founded in 2016 and based in Birmingham, Alabama, is a financial technology firm that specializes in cloud-based loan portfolio management. The company was established by former bankers who identified a gap in the market for effective management tools tailored to community financial institutions. Quantalytix offers a platform that provides comprehensive balance sheet reporting, profitability analysis, and advanced dashboards, enabling clients to gain actionable insights into their loan portfolios. With over $7 billion in loan volume managed on their platform, they have demonstrated their capability to serve the needs of non-bank lenders and community banks. The company has a strong focus on data integration and quality assurance, ensuring that their clients can rely on accurate and timely information. Their commitment to customer service is evident in their 100% repeat business and referral rate, indicating a high level of client satisfaction. Quantalytix continues to innovate in the fintech sector, aiming to modernize enterprise bank management and eliminate data silos for their clients.

16. Main Street, Inc.

• Website: mainstreetinc.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: main-street-checks

Main Street, Inc., founded in 1998 and based in Birmingham, Alabama, specializes in providing check program solutions tailored for community financial institutions. With a workforce of approximately 163 employees, the company has built a robust partnership network, serving over 2,100 banks and credit unions. Their offerings include a range of check products such as business checks, personal checks, high-security checks, and custom designs, all aimed at enhancing the relationship between financial institutions and their account holders. In addition to check solutions, Main Street has expanded its services to include marketing materials and data-driven marketing solutions through its acquisition of Onovative in 2020. This strategic move allows them to offer integrated marketing software that helps financial institutions engage with their customers more effectively. Main Street's commitment to simplicity, value, and customer service has positioned them as a trusted partner in the financial services industry.

17. CommerceOne Bank

• Website: commerceonebank.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: commerceone-bank

CommerceOne Bank, based in Birmingham, Alabama, is a private banking institution that provides a variety of financial services tailored to both individual consumers and businesses. Founded in 2018, the bank focuses on private and commercial banking, treasury management, and loans. It prides itself on delivering exceptional customer service and personalized banking experiences, which are central to its operational philosophy. The bank's offerings include checking and savings accounts, loans, and treasury services, all designed to meet the specific needs of its clients. CommerceOne Bank emphasizes the importance of building genuine relationships with its customers, ensuring that they receive attentive and responsive service. The bank's online platform facilitates quick transactions and easy communication with its team of bankers, enhancing the overall banking experience. Despite its relatively small size, with around 49 employees, CommerceOne Bank aims to set a new standard in customer service within the banking industry.

18. Immediate

• Website: joinimmediate.com
• Ownership type: Venture Capital
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), July 2023
• Founded year: 2019
• Headcount: 51-200
• LinkedIn: immediatesolutions

Immediate is a financial wellness company based in Birmingham, Alabama, founded in 2019. The company specializes in providing innovative solutions like ImmediatePay, which allows employees to access their earned wages between paydays. This service is designed to alleviate financial stress for employees, thereby enhancing their satisfaction and retention for businesses. Immediate integrates with existing payroll systems, ensuring a smooth implementation process for employers. The company has positioned itself as a key player in the financial wellness space, focusing on responsible access to earned wages and offering tools that help employees manage their finances better. Immediate has not reported any recent funding, indicating a self-sustaining model or reliance on alternative financing methods. The company aims to positively impact the financial health of workers across the United States, making it a relevant player in the fintech industry.

19. Porter Capital

• Website: portercap.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1991
• Headcount: 11-50
• LinkedIn: porter-capital

Porter Capital, founded in 1991 and based in Birmingham, Alabama, is a private financing company that specializes in providing alternative financing solutions tailored for small and medium-sized businesses. With a workforce of approximately 41 employees, the company has carved out a niche in the financial services industry by offering products such as invoice factoring, accounts receivable financing, and asset-based lending. These services are designed to assist businesses in managing cash flow and operational expenses, particularly for those that may struggle to secure traditional financing options. Porter Capital operates across various sectors, including staffing, manufacturing, and technology, demonstrating their adaptability to different industry needs. Over the years, they have facilitated over $8 billion in funding, showcasing their significant involvement in the financing landscape. Their commitment to transparency and customer service is evident in their quick funding processes, often providing capital in as little as 24 hours, which is crucial for businesses facing immediate financial pressures.

20. Triton Management Group

• Website: alwaysmoney.com
• Ownership type: Private
• Headquarters: Montgomery, Alabama, United States (USA)
• Employee distribution: United States (USA) 95%, India 5%
• Founded year: 1978
• Headcount: 51-200
• LinkedIn: triton-managment

Triton Management Group, known through its brand Always Money, is a financial services provider based in Montgomery, Alabama. Founded in 1978, the company specializes in short-term credit solutions, primarily offering title loans and installment loans. Always Money serves consumers in Alabama, South Carolina, and Mississippi, focusing on providing quick and confidential access to cash for individuals facing unexpected expenses. The company emphasizes a straightforward loan process, aiming to assist those who may not have access to traditional banking services. With a workforce of approximately 117 employees, Triton Management Group operates a network of physical locations to facilitate in-person loan applications and customer service. The company has not reported any recent funding, indicating a stable, self-sustaining business model without external investment influences.

21. FIntegrate Technology

• Website: fintegratetech.com
• Ownership type: Private
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: fintegratecrs

FIntegrate Technology, based in Birmingham, Alabama, is a private financial technology firm established in 2009. The company focuses on providing innovative software solutions tailored for collections, recovery, and dispute management within the financial services sector. Their flagship products, including FusionCRS, FusionDMS, and FusionLRS, are designed to streamline operations for financial institutions, helping them manage delinquencies and disputes more effectively. FIntegrate Technology's software is notable for its ability to track over $30 billion in loans daily, showcasing its capacity to handle significant financial data. The company emphasizes automation and compliance, aiming to reduce operational costs while improving productivity for its clients. With a dedicated team of professionals, FIntegrate Technology continues to serve a critical role in enhancing the efficiency of financial operations.

22. Corporate Billing - A Division of SouthState Bank

• Website: corpbill.com
• Ownership type: Private
• Headquarters: Decatur, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1995
• Headcount: 51-200
• LinkedIn: corporate-billing-llc

Corporate Billing - A Division of SouthState Bank, established in 1995, specializes in accounts receivable funding and billing solutions. Based in Decatur, Alabama, the company serves a variety of industries, including automotive, oil and gas, manufacturing, and transportation. Their primary focus is to assist businesses in improving cash flow and managing credit risk through flexible funding options. Corporate Billing has provided services to over 450 clients across the United States and Canada, emphasizing their commitment to quick access to capital. They offer both recourse and non-recourse billing solutions, allowing clients to choose the best fit for their financial needs. Additionally, their cbCharge program facilitates invoice charge accounts for fleets, further enhancing their service offerings. As a division of SouthState Bank, Corporate Billing benefits from the bank's resources while maintaining a specialized focus on accounts receivable management.

23. Dash Solutions

• Website: dashsolutions.com
• Ownership type: Corporate
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 96%, Other 4%
• Latest funding: March 2019
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: dashpaymentsandengagement

Dash Solutions, based in Birmingham, Alabama, is a payment solutions provider established in 1998. The company specializes in modernizing payroll systems and enhancing employee engagement through innovative technology. Their services include payroll card solutions, expense management, and digital disbursement, catering to businesses in sectors such as healthcare, construction, and manufacturing. Dash Solutions aims to improve operational efficiency and employee satisfaction by offering a range of customizable solutions. Their proprietary technology, including the MyDashCard app and API integration, allows businesses to streamline payment processes and enhance user experiences. With a workforce of approximately 166 employees, Dash Solutions continues to adapt to the evolving needs of its clients, providing tailored solutions that drive engagement and efficiency.

24. Sterne Agee

• Website: sterneagee.com
• Ownership type: Venture Capital
• Headquarters: Birmingham, Alabama, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $150.0M, February 2015
• Founded year: 1901
• Headcount: 1001-5000
• LinkedIn: sterne-agee

Sterne Agee, now operating as StoneX, is a financial services firm based in Birmingham, Alabama. Founded in 1901, the company has a rich history in the financial sector. StoneX provides a wide array of services that cater to businesses and organizations, helping them navigate the complexities of financial markets. Their offerings include OTC trading, risk management, payments, and consulting services. With a strong emphasis on market intelligence and client relationships, StoneX aims to deliver tailored solutions that meet the specific needs of their clients. The firm has also secured significant funding, with a reported last funding amount of $150 million in 2015, which underscores their ongoing commitment to growth and innovation in the financial services industry.

Financial Technology Insights: Key Companies in Alabama

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