Belvo’s coverage of local institutions and alternative data sources helps companies navigate fragmented financial ecosystems. The platform abstracts regional complexity and regulatory differences behind a unified API. Belvo is often chosen by fintechs expanding across Latin America where access to structured financial data has historically been limited. OFX is a non-bank international money transfer provider offering competitive exchange rates and personalised service.
- Instead of cold calling or sending debt collectors, TrueAccord uses modern forms of communication (like texts and push notifications) to boost customer engagement and payback rates.
- Their API platform lets businesses integrate customized insurance into their existing services.
- Accounting can be traced back thousands of years, with its roots in ancient civilizations like Mesopotamia and Egypt.
- Smart algorithms match businesses with professionals across 60+ industries and 250+ skill sets.
- Brazilian startup Avenia’s borderless liquidity infrastructure enables global companies, fintechs, and high-volume platforms to move money instantly, compliantly, and cost-efficiently.
M&A Support
- It is particularly valued in competitive markets where frictionless onboarding drives growth.
- Unfortunately, in today’s world, fraud in the fintech sector is almost inevitable.
- By grasping these concepts, startups can effectively communicate their financial position and performance to stakeholders, including investors, lenders, and potential business partners.
- A career-focused blog that provides practical wisdom and insights to help you make informed choices about your professional life.
- Financial planning in a fintech startup involves forecasting revenue, managing expenses, and ensuring that the company remains solvent during periods of growth or market downturns.
- This is the easiest of the two methods; however, it doesn’t always provide the most in-depth or accurate representation of the company’s financial position.
By acting as the seller of record, Paddle handles VAT, GST, sales tax calculation, collection, and remittance across jurisdictions. This removes a major operational and legal burden for software companies expanding internationally. Paddle also manages chargebacks, fraud prevention, and local payment methods, improving conversion rates in global markets. The platform is tightly integrated, reducing the need for multiple vendors and simplifying financial operations for lean teams. Bond exposes APIs for card issuance, account creation, compliance workflows, and money movement inside non-financial apps. The approach focuses on embedding finance into existing user journeys without heavy UX compromises.
Step 4: Ongoing Support
The startup simplifies investigating a business’s online footprint, flags involvement in high-risk activities, and identifies a bad reputation on reviews or social media. It also identifies connections to high-risk entities, fraud rings, or suspicious activities through shared entity details, addresses, or people. The startup ensures continuous monitoring by tracking ongoing changes in business activities, reputation deterioration, or ownership to detect emerging risks.
Final Thought: Building Your Fintech Stack for 2025 and Beyond
Payhawk provides real-time visibility into spend while maintaining local compliance requirements. Integrations with ERPs https://www.theclintoncourier.net/2025/12/19/main-advantages-of-accounting-services-for-startups/ and accounting systems help finance teams consolidate reporting across regions. The platform is often used by scale-ups transitioning from local tools to a more centralised finance stack. Pleo is a European spend management platform offering smart company cards, expense tracking, and automated receipt capture. It allows employees to pay for business expenses directly while giving finance teams real-time visibility and control.
Ebra – AI-powered Debt Collection Platform
These schedules are essential backup for any review or audit process, and also create efficiencies when working with outsourced providers such as Rooled. Pre-COVID it was already growing rapidly, and KPMG’s report found that the pandemic-driven lockdowns led to a much greater rate of adoption of digital finance by consumers than seen previously. Most product categories have benefited from the demand, including payment providers such as PayPal and Square that saw a major uptick in users. Fast forward to today and there is clear evidence of continued growth in the fintech sector.
Financial Reporting
This is where professional business accounting and management becomes a critical asset. Moov is a developer-first payments platform offering open-source APIs for bank accounts, ACH transfers, wallets, and payment processing. It gives engineering teams fine-grained control over payment flows and settlement logic. Moov is designed to be modular, allowing fintechs to assemble only the components they need. Transparency and flexibility make it attractive for teams building custom financial infrastructure.
KYC, AML & Identity Verification Platforms
MetaMask Institutional aims to bridge that gap by supporting team access models and integrations with custody providers and compliance tools. This makes it Main Advantages of Accounting Services for Startups easier for organisations to participate in on-chain activity while retaining oversight and auditability. It is often used where a familiar wallet experience is valuable, but enterprise-grade control is non-negotiable. IDnow is a European identity verification provider offering digital identity checks and electronic signing services compliant with EU regulations. Its solutions align with eIDAS and GDPR requirements, making it well suited for regulated industries across Europe.
- ComplyAdvantage also supports sanctions screening and ongoing monitoring across customer lifecycles.
- Unless otherwise noted, this page’s content was written by either an employee or a paid contractor of Semrush Inc.
- We also provide traditional bookkeeping services, making sure your financial records are accurate, up-to-date, and aligned with your strategic goals.
- TrueLayer has enabled new digital banks, credit apps, investment platforms and more.
- Each client gets their own private cloud setup with dedicated success managers and top-tier service level agreements.
- By standardising follow-up processes and improving communication consistency, it aims to reduce days sales outstanding and tighten working capital.
The Role of Accountants in Financial Technology Startups
The financial playing field favors large corporations, so Enova is seeking to turn the tables. Leveraging a machine learning-based platform, Enova equips non-prime consumers and small businesses with customized loans, lines of credit and other financial services. But banks aren’t the only financial institutions that have made tech-driven changes.