The fintech industry in Virginia plays a crucial role in redefining how individuals and businesses manage their financial health. It includes companies involved in payment processing, lending solutions, and financial education, often leveraging innovative technology. With increasing demand for tailored financial products, businesses are responding by delivering accessible online services to meet diverse consumer needs. The sector is not only reshaping traditional banking but is also expected to grow further as more Americans turn to digital options for managing their finances. Virginia's robust network of fintech startups signals a bright future with increasing investment and development.

This article highlights 24 notable fintech companies based in Virginia, each with unique specializations. These companies vary in size, from small startups to larger firms, and are spread across locations like Richmond, Arlington, and Reston. Established in different years, they focus on innovative services such as credit solutions, payment processing, digital wallets, and financial education. The sample reflects a blend of fresh startups established in the last decade and well-rooted institutions with years of experience in finance, suggesting a dynamic environment for fintech development.

Continue reading to discover prominent fintech companies in Virginia.

Top 24 Fintech Companies Companies in Virginia

1. Mission Lane

• Website: missionlane.com
• Ownership type: Venture Capital
• Headquarters: Richmond, Virginia, United States (USA)
• Employee distribution: United States (USA) 98%, Other 2%
• Latest funding: February 2024
• Founded year: 2018
• Headcount: 501-1000
• LinkedIn: missionlane

Mission Lane is a financial technology firm based in Richmond, Virginia, founded in 2018. The company specializes in credit card services, notably the Mission Lane Visa® Credit Card, which aims to provide accessible financial tools to consumers, particularly those underserved by traditional banks. With a focus on transparency, Mission Lane offers no surprise fees and emphasizes customer education through various resources. They have built a community of over 2 million members who benefit from their services, which include credit reporting and financial education. Mission Lane's mission is to revolutionize access to financial tools, making them a significant player in the fintech industry.

2. Wellthi

• Website: wellthiapp.com
• Ownership type: Venture Capital
• Headquarters: Arlington, Virginia, United States (USA)
• Employee distribution: United States (USA) 88%, Colombia 12%
• Latest funding: Seed, January 2024
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: investsousou

Wellthi Technologies, founded in 2019 and based in Arlington, Virginia, is a fintech social enterprise dedicated to improving financial literacy and customer engagement. The company offers a range of innovative solutions, including a virtual branch experience and digital wallet services, designed to help financial institutions and consumers achieve their financial goals collaboratively. Wellthi's technology facilitates a social finance environment, allowing users to set and track financial goals with friends and family. The company has received accolades from organizations such as the FDIC and Mastercard, highlighting its commitment to enhancing financial access and education. Wellthi's focus on younger consumers, particularly Millennials and Gen Z, positions it well within the evolving fintech landscape, as these demographics increasingly seek financial advice through digital platforms. With a small but dedicated team, Wellthi aims to revolutionize the banking experience by making financial management more accessible and engaging.

3. QED Investors

• Website: qedinvestors.com
• Ownership type: Private
• Headquarters: Alexandria, Virginia, United States (USA)
• Employee distribution: United States (USA) 77%, United Kingdom (UK) 16%, Brazil 3%, Other 3%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: qed-investors

QED Investors is a private venture capital firm based in Alexandria, Virginia, founded in 2007. The firm specializes in investing in fintech companies, focusing on innovative financial solutions that aim to disrupt traditional markets. QED Investors has a particular interest in areas such as homeowners' insurance, especially in regions affected by extreme weather. Their business model includes direct investments in startups, providing not only capital but also strategic support to help these companies grow and succeed in the competitive fintech landscape. With a team that has extensive experience in financial services, QED is well-positioned to identify and nurture promising fintech ventures.

4. Fundation

• Website: fundation.com
• Ownership type: Corporate
• Headquarters: Reston, Virginia, United States (USA)
• Latest funding: February 2021
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: fundation-inc-

Fundation, founded in 2011 and based in Reston, Virginia, is a financial services company that specializes in digital financing solutions for small and medium-sized businesses. The firm offers a range of services, including private label origination, purchase financing, and embedded credit solutions. By partnering with banks and B2B vendors, Fundation aims to improve access to capital for its clients, allowing them to focus on growth and expansion. The company leverages advanced technology and analytics to streamline the lending process, making it more efficient for businesses to secure necessary funding. Fundation has been recognized for its innovative approach and has worked with various financial institutions to enhance their lending capabilities. Recently, Fundation merged with Camino Financial to create Quantum Financial Technologies, further expanding its reach and capabilities in the fintech space.

5. StreetShares Platform

• Website: streetshares.com
• Ownership type: Corporate
• Headquarters: Reston, Virginia, United States (USA)
• Latest funding: March 2022
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: streetshares-com

StreetShares Platform is a financial technology company founded in 2013 and located in Reston, Virginia. The company specializes in connecting small businesses, particularly those owned by veterans, with investors through its online platform. StreetShares aims to provide accessible financing options to small businesses that may struggle to secure traditional loans. Their services include business loans and lines of credit, tailored to meet the unique needs of their clientele. The company operates with a strong emphasis on community and veteran support, reflecting its mission to empower small business owners. Despite its focused approach, StreetShares has not reported any recent funding, which may affect its growth trajectory and market presence.

6. Verituity

• Website: verituity.com
• Ownership type: Venture Capital
• Headquarters: Mclean, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, $18.8M, June 2024
• Founded year: 2020
• Headcount: 11-50
• LinkedIn: verituity

Verituity, based in McLean, Virginia, is a fintech company that specializes in digital payout solutions. Founded in 2020, the company aims to modernize the payout process for banks, insurers, and other businesses by providing verified payment solutions. Their platform leverages advanced technology to ensure that payouts are accurate, secure, and delivered on time. Verituity's Zero Trust Payout Verification™ is a key feature that enhances the security and reliability of transactions, reducing the risk of fraud and errors. The company has received significant funding, including a Series B round of $18.8 million in June 2024, which underscores its growth potential and the confidence investors have in its mission. Verituity's partnerships with major financial institutions, such as Mastercard, further solidify its role in the fintech industry, as it works to deliver intelligent payment choices and improve customer satisfaction across various sectors.

7. MITA Group Inc.

• Website: mitagroup.com
• Ownership type: Private
• Headquarters: Reston, Virginia, United States (USA)
• Founded year: 2005
• Headcount: 11-50
• LinkedIn: mita-group

MITA Group Inc., known as Verituity, is a financial technology firm based in Reston, Virginia. Founded in 2005, the company has carved out a niche in the digital payout solutions market. Verituity offers a platform that enables banks and insurers to modernize their payout processes, focusing on reducing fraud and errors while enhancing customer satisfaction. Their flagship service, Zero Trust Payout Verification™, ensures that payouts are accurate and timely, addressing a critical need in the financial services sector. Verituity's solutions cater to various industries, including banking and insurance, and aim to transform traditional payout methods into efficient, verified digital transactions. The company has not reported any recent funding, indicating a self-sustaining operational model.

8. iVeri Payment Technologies (Pty) Ltd

• Website: iveri.com
• Ownership type: Private
• Headquarters: Sandston, Virginia, United States (USA)
• Employee distribution: South Africa 100%
• Founded year: 1998
• Headcount: 11-50
• LinkedIn: iveri-payment-technologies-pty-ltd

iVeri Payment Technologies (Pty) Ltd, founded in 1998, is a payment technology provider based in Sandston, Virginia, USA, with a strong operational presence in South Africa. The company specializes in electronic payment solutions tailored for banks and businesses, offering services such as payment gateways, multi-lane payment systems, and innovative mobile payment solutions. iVeri has established itself as a reliable partner for clients in the financial and retail sectors, processing millions of transactions monthly. Their products are designed to facilitate secure and efficient transactions across various channels, addressing the evolving needs of merchants and financial institutions. Notably, iVeri has been recognized for its technological innovation in the African banking industry, receiving awards for its contributions to mobile payment solutions and eCommerce. Their focus on customization and customer satisfaction further underscores their commitment to enhancing the payment experience for businesses and consumers alike.

9. PayTech Trust

• Website: paytechtrust.com
• Ownership type: Private
• Headquarters: Chantilly, Virginia, United States (USA)
• Employee distribution: United States (USA) 92%, United Kingdom (UK) 8%
• Founded year: 2019
• Headcount: 51-200
• LinkedIn: paytechtrust

PayTech Trust, based in Chantilly, Virginia, is a payment processing company that specializes in providing tailored financial services to merchants. Founded in 2019, the company has quickly positioned itself as a reliable partner for businesses seeking efficient payment solutions. Their offerings include cash advances, cash discounting, consumer credit programs, and advanced payment processing tools like virtual terminals and tokenization services. PayTech Trust is dedicated to ensuring secure transactions, handling billions of online transactions annually. Their customer base spans various industries, reflecting their adaptability to meet the unique needs of different businesses. With a team of payment and payroll experts, they focus on delivering exceptional service and customized support to help merchants thrive in a competitive market.

10. FinFit

• Website: finfit.com
• Ownership type: Private Equity
• Headquarters: Virginia Beach, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, $7.0M, July 2019
• Founded year: 2008
• Headcount: 51-200
• LinkedIn: finfit

FinFit, founded in 2008 and based in Virginia Beach, Virginia, is a financial wellness provider dedicated to enhancing the financial health of employees. The company offers a comprehensive platform that includes products such as emergency savings accounts, personal loans, and emergency credit lines. These solutions are designed to help employees manage financial stress and improve their overall well-being. FinFit serves a wide range of businesses, from small to large enterprises, and has established partnerships with over 50,000 employers, impacting more than 10 million workers across the United States. The company has received $7 million in Series B funding as of July 2019, which underscores its growth potential and relevance in the fintech space. FinFit's mission is to create a financial safety net for employees, making it a significant player in the financial technology sector.

11. Movement Bank

• Website: movementbank.com
• Ownership type: Private
• Headquarters: Danville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1919
• Headcount: 11-50
• LinkedIn: movementbank

Movement Bank, located in Danville, Virginia, is a private banking institution that has been operational since 1919. Originally founded as First State Bank by a group of African-American community leaders, it was established to provide financial services to individuals and businesses that were historically underserved. The bank offers a variety of financial products, including personal and business banking services, home loans, and digital banking solutions. Movement Bank is dedicated to restoring integrity and service to banking, focusing on the needs of marginalized communities. Its commitment to customer service and community support is evident in its operations and outreach efforts. The bank has evolved over the years, adapting to modern banking needs while maintaining its foundational mission of serving people rather than profit. Movement Bank also supports the Movement Foundation, which aims to bring hope and assistance to those in need. This blend of traditional banking with a modern, socially conscious approach positions Movement Bank as a relevant entity in the fintech industry.

12. Axe Pay

• Website: getaxepay.com
• Ownership type: Private
• Headquarters: Lynchburg, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: axe-payments

Axe Pay, founded in 2018 and based in Lynchburg, Virginia, is a private payment processing company that provides a range of services tailored to businesses. With a team of 25 employees, Axe Pay focuses on credit card processing, point of sale systems, and funding solutions. Their innovative pricing models, particularly the dual pricing strategy, allow businesses to present customers with both cash and card prices, effectively eliminating credit card processing fees for merchants. This model has proven beneficial for various industries, including automotive, restaurants, retail, and trade services. Axe Pay also offers next-day funding on card transactions and robust chargeback management services, enhancing the overall payment experience for their clients. Their commitment to customer support is evident with 24/7 availability, ensuring that businesses can rely on them for their payment processing needs.

13. ReconArt

• Website: reconart.com
• Ownership type: Private
• Headquarters: Alexandria, Virginia, United States (USA)
• Employee distribution: Bulgaria 75%, United States (USA) 25%
• Founded year: 2008
• Headcount: 51-200
• LinkedIn: reconart

ReconArt, Inc. is a software company based in Alexandria, Virginia, founded in 2008. The company focuses on providing reconciliation solutions tailored for businesses across multiple industries, including finance and logistics. Their software suite automates various financial reconciliation processes, such as bank, credit card, and accounts reconciliation, as well as financial close management. By streamlining these processes, ReconArt aims to enhance operational efficiency and minimize manual errors. The company serves a global client base and supports integration with various ERP and accounting systems, making their solutions adaptable to different business environments. With a workforce primarily located in Bulgaria, ReconArt continues to evolve its offerings to meet the needs of its clients in the financial sector.

14. IntraFi

• Website: intrafi.com
• Ownership type: Private
• Headquarters: Arlington, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 201-500
• LinkedIn: intrafi

IntraFi, LLC, based in Arlington, Virginia, is a financial services company founded in 2002. It specializes in deposit placement and wholesale funding services, operating a robust network of over 3,000 financial institutions across the United States. IntraFi's primary offerings include the Certificate of Deposit Account Registry Service (CDARS) and the Insured Cash Sweep (ICS), which allow banks and credit unions to manage large deposits securely while maximizing FDIC insurance coverage. The company serves a wide range of clients, primarily focusing on banks and credit unions that seek to enhance their liquidity options and protect large cash balances. IntraFi's services are designed to help financial institutions maintain customer trust and foster economic growth, particularly in underserved communities. With a commitment to customer-centric solutions and a history of reliability, IntraFi has established itself as a key player in the financial services industry.

15. Ovex

• Website: ovex.io
• Ownership type: Venture Capital
• Headquarters: Moon, Virginia, United States (USA)
• Employee distribution: South Africa 90%, France 5%, United Arab Emirates 5%
• Latest funding: $5.0M, January 2022
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: ovex-exchange

Ovex is a cryptocurrency exchange and financial services provider founded in 2017, based in Moon, Virginia, USA. The company specializes in trading solutions for both institutional and retail clients, offering services such as cryptocurrency and fiat trading, over-the-counter (OTC) desk services, and high-yield interest accounts. With a clientele that includes traders, asset managers, and businesses, Ovex focuses on providing efficient cross-border payment solutions. The company emphasizes security and compliance, being one of Africa's most regulated exchanges, and implements strict KYC/AML protocols. Ovex has reported a total trading volume exceeding $8 billion, showcasing its active participation in the digital asset market. In January 2022, the company secured $5 million in funding, indicating investor confidence in its growth potential and operational capabilities. The majority of its workforce is located in South Africa, reflecting its commitment to expanding its footprint across the African continent and beyond.

16. Tilli Software

• Website: tilli.pro
• Ownership type: Private
• Headquarters: Mclean, Virginia, United States (USA)
• Employee distribution: India 81%, United States (USA) 19%
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: utilli-llc

Tilli Software, founded in 2013 and based in McLean, Virginia, is a private technology company specializing in digital communication and payment solutions. With a workforce of around 62 employees, Tilli has developed a suite of products designed to enhance customer engagement and streamline payment processes. Their flagship offerings include Nudge, a platform for customer communication, tilliX, which focuses on customer experience, and Monay, a comprehensive payment processing solution. Tilli's products cater to a variety of sectors, including banking, finance, utilities, and education, helping businesses improve their operational efficiency and customer interactions. The company has not reported any funding, indicating a self-sustained growth model. Tilli's commitment to innovation in customer communication and payment processing positions it as a relevant player in the fintech industry.

17. Govolution, LLC

• Website: govolution.com
• Ownership type: Private
• Headquarters: Arlington, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1998
• Headcount: 11-50
• LinkedIn: govolution

Govolution, LLC, based in Arlington, Virginia, is a payment technology company founded in 1998. With a team of 11 to 50 employees, Govolution focuses on delivering a wide array of payment processing solutions tailored to various industries, including government, healthcare, and retail. Their product suite includes web payments, mobile payments, and comprehensive billing solutions, all designed to enhance customer experience and improve operational efficiency. Govolution's technology is purpose-built to meet the specific needs of its clients, ensuring compliance with industry standards and best practices. The company has established itself as a reliable partner for organizations seeking to optimize their payment processes and reduce transaction costs. They are also recognized for their risk management capabilities, which are embedded within their payment solutions, ensuring a secure and efficient transaction environment.

18. Westview Financial Services

• Website: westviewfinance.com
• Ownership type: Private
• Headquarters: Chesapeake, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2013
• Headcount: 1-10
• LinkedIn: westview-financial-services

Westview Financial Services VA, LLC, founded in 2013 and based in Chesapeake, Virginia, specializes in offering a range of consumer loans, including automotive, home improvement, personal, and bill consolidation loans. The company primarily serves individuals in Virginia, aiming to provide accessible financial solutions for managing personal expenses and consolidating debts. Their approach centers on exceptional customer service and building long-term relationships with clients. With a small team of around 17 employees, Westview Financial Services focuses on quick response times and personalized service, catering to those who may struggle to obtain traditional bank loans. They emphasize a straightforward application process and aim to provide loans with fixed rates and clear terms, although they have not reported any external funding to date.

19. Actualize Consulting

• Website: actualizeconsulting.com
• Ownership type: Private
• Headquarters: Reston, Virginia, United States (USA)
• Employee distribution: United States (USA) 75%, Mexico 8%, United Kingdom (UK) 8%, Other 10%
• Founded year: 2003
• Headcount: 11-50
• LinkedIn: actualize-consulting

Actualize Consulting, founded in 2003 and based in Reston, Virginia, is a private consulting firm that specializes in financial services. With a team of experienced consultants, the company focuses on helping financial institutions optimize their operations through a range of services. These include Treasury Services, Mortgage and Fixed Income Services, and Finance Transformation. Their clientele consists of banks, mortgage firms, and various financial institutions, as well as government entities. Actualize Consulting is known for its expertise in areas such as risk management, cash forecasting, and digital treasury solutions. They leverage technology to enhance financial processes, making them a relevant player in the fintech industry. The firm has not reported any funding, indicating a self-sustained business model that relies on its consulting services to drive growth.

20. Versatile Merchant Solutions, LLC.

• Website: vmspayments.com
• Ownership type: Private
• Headquarters: Midlothian, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2004
• Headcount: 11-50
• LinkedIn: versatile-merchant-solutions-llc.

Versatile Merchant Solutions, LLC. is a private business consulting firm based in Midlothian, Virginia, established in 2004. The company specializes in providing payment and technology solutions to U.S. businesses and organizations. Their services include merchant processing, point of sale solutions, billing and online payments, loyalty programs, working capital, and e-commerce website development. VMS aims to help clients navigate the complexities of the payments ecosystem, offering customized solutions that enhance operational efficiency and revenue generation. They have partnered with numerous point of sale providers, allowing them to recommend the best systems tailored to individual business needs. VMS is also a registered ISO of BMO Harris N.A., which adds credibility to their operations in the payments industry.

21. Intellibus

• Website: intellibus.com
• Ownership type: Private
• Headquarters: Reston, Virginia, United States (USA)
• Employee distribution: United States (USA) 83%, India 6%, United Kingdom (UK) 3%, Other 9%
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: intellibus-inc

Intellibus, founded in 2015 and based in Reston, Virginia, is a technology consulting firm that specializes in developing intelligent business platforms. The company employs a team of highly skilled engineers, claiming to be in the top 15% globally. Intellibus leverages advanced technologies such as artificial intelligence, big data, and cloud computing to assist businesses, particularly in the financial services sector, in optimizing their operations and accelerating revenue growth. Their service offerings include comprehensive platform assessments, AI-driven solutions, and consulting aimed at transforming existing systems into intelligent platforms. Intellibus has been actively involved in the fintech industry, providing tailored solutions that address the unique challenges faced by banks and fintech companies. They emphasize a structured approach to AI integration, which includes phases of assessment, unification of data, and acceleration of business outcomes. This strategic focus has enabled them to achieve significant platform savings for their clients, further solidifying their role in the financial technology space.

22. Atlantic Financial Services

• Website: afsloans.com
• Ownership type: Family Owned
• Headquarters: Chesapeake, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1997
• Headcount: 11-50
• LinkedIn: afsloans

Atlantic Financial Services, based in Chesapeake, Virginia, has been providing personal loans since its founding in 1997. The company specializes in offering loans ranging from $1,500 to $10,000, aimed at helping individuals manage unexpected expenses and major purchases. With a commitment to fair lending practices, Atlantic Financial Services focuses on customer service and aims to assist families in navigating their financial needs. They report payment histories to credit bureaus, which can help customers build or improve their credit scores. The company operates through multiple branch locations in North Carolina and Virginia, serving a local clientele and emphasizing community relationships. Despite being family-owned and having a modest employee count, they have maintained a consistent presence in the personal lending market for over two decades.

23. Paymerang, a Corpay Brand

• Website: paymerang.com
• Ownership type: Corporate
• Headquarters: Richmond, Virginia, United States (USA)
• Employee distribution: United States (USA) 92%, India 7%, Other 2%
• Latest funding: May 2024
• Founded year: 2010
• Headcount: 201-500
• LinkedIn: paymerang

Paymerang, a Corpay Brand, is a finance automation company based in Richmond, Virginia, founded in 2010. The company provides solutions such as Invoice Automation, Payment Automation, and Receivables Automation, aimed at enhancing the efficiency of financial processes for various industries, including healthcare, education, and non-profit sectors. Paymerang leverages artificial intelligence and machine learning to improve the accuracy and speed of invoice processing and payment management. Their services are designed to help organizations reduce manual tasks, minimize errors, and gain better visibility into their financial operations. With a workforce of around 119 employees, Paymerang has established itself as a significant player in the finance automation industry, focusing on delivering value through technology-driven solutions.

24. Leading Path Consulting

• Website: leadingpath.com
• Ownership type: Private
• Headquarters: Mclean, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: leading-path-consulting-llc

Leading Path Consulting, based in McLean, Virginia, is a private consulting and IT professional services firm founded in 2010. With a workforce of approximately 51-200 employees, the company specializes in delivering innovative technology solutions tailored to enhance operational efficiency for both businesses and government entities. Their service offerings include payment processing solutions, data management services, and consulting across various industries. Notably, they have developed products such as a Payment Ingestion Engine and a Rebate Management System, which cater specifically to the financial services sector. Their expertise extends to commercial card solutions and TSYS conversions, indicating a strong foothold in financial operations. Despite their involvement in fintech, they also engage in broader technology and government services, which may overshadow their fintech-specific contributions.

Fintech Companies Insights: Key Companies in Virginia

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