7 Fintech Startup Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Fintech Startup

Here are some real life success stories of starting a fintech startup:

1. BitsForDigits ($72K/year)

Laurits and Jan-Philipp came up with the idea for BitsForDigits after witnessing the founders of Basecamp sell a portion of their business to Jeff Bezos, realizing the demand for partial acquisitions. With their backgrounds in finance and tech, they built an MVP using NoCode tools like Webflow and MemberStack, and launched on Product Hunt, gaining over 300 users and steady growth. They have now bootstrapped the venture to $6,000/month in revenue and plan to expand their product offering to meet the liquidity needs of founders.

How much they make: $72K/year
How much did it cost to start: $300
Current team size: 2

How We Bootstrapped A $72K/Year Online Acquisition Marketplace [With A $0 Marketing Budget]

BitsForDigits is an acquisition marketplace for internet startups and online businesses looking to exit, with steady growth in the number of signups and making $6,000 per month, attracting customers organically with zero marketing spend.

About

Laurits started BitsForDigits over 2 years ago

Revenue

Laurits grew the business to $6K/month

Costs

It cost Laurits $300 to start the business

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2. Cledara ($2.4M/year)

How much they make: $2.4M/year
Current team size: 43

Cledara: A First Time Founder’s Guide to Finding Product Market Fit

Cristina Vila and Brad van Leeuwen founded Cledara, a subscription management company that has acquired over 700 clients, a $2.4M ARR, raised $7 million, and partnered with financial giants such as PayPal, Caixa Bank, and Railsbank.

About

Cristina started Cledara over 6 years ago

Revenue

Cristina grew the business to $200K/month

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Learn more about starting a fintech startup:

Where to start?

-> How much does it cost to start a fintech startup?
-> Pros and cons of a fintech startup

Need inspiration?

-> Examples of established fintech startup
-> Marketing ideas for a fintech startup

Other resources

3. Trust Chain ($360K/year)

How much they make: $360K/year
Current team size: 7

SaaS startup raises at $3m valuation helping precious metal dealers verify buyers and sellers

Trust Chain Global is a fintech platform and third-party workflow management solution that aims to bring trust, confidence, and transparency to the global commodities market through cutting-edge technologies like blockchain, continuous identity verification, digital escrow and payments, and a smart deal management system.

About

Giancarlo started Trust Chain over 3 years ago

Revenue

Giancarlo grew the business to $30K/month

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4. VizyPay ($20.4M/year)

Austin Mac Nab, the CEO and Founder of VizyPay, came up with the idea for his business after realizing that small businesses in rural America were being overlooked by legacy payment processors. He saw the need for transparent and cost-effective payment solutions tailored to the needs of these merchants, and thus created VizyPay. Since its launch, VizyPay has amassed about 12,000 small business merchants in all 50 states, saved merchants over $27 million in unnecessary card processing fees, and achieved a revenue increase of 28% year-over-year.

How much they make: $20.4M/year
How much did it cost to start: $197K
Current team size: 110

How We Have Built An $18M/Year Business Providing Payment Processing Solutions To SMBs

VizyPay is a bootstrapped fintech that provides transparent and cost-saving payment processing solutions to small business merchants across rural America, with over $27 million saved for merchants through their Cash Discount Program, experiencing a revenue growth of 28% year-over-year in Q1.

About

Austin started VizyPay about 7 years ago

Revenue

Austin grew the business to $1.7M/month

Costs

It cost Austin $197000 to start the business

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5. KYC Hub ($3.58M/year)

Farnoush Mirmoeini, the co-founder of KYC Hub, came up with the idea for the business after working in the banking industry and witnessing the inefficiencies and high costs associated with AML compliance. With a background in fintech and a passion for applying AI and automation to financial crime risk management, Mirmoeini co-founded KYC Hub to provide organizations with a comprehensive and efficient solution for customer due diligence and AML compliance. Despite challenges such as securing funding as a female-led startup in a male-dominated industry, KYC Hub has achieved significant success and recognition in the field.

How much they make: $3.58M/year
Current team size: 58

How We Built A $298K/Month Platform To Mitigate Financial Crime Risks

KYC Hub, a fintech startup founded in 2018 by Farnoush Mirmoeini, provides organizations with AI and automation tools to build better financial crime risk management systems, and has gained large global clients and multiple prestigious awards in just four years.

About

Farnoush started KYC Hub over 5 years ago

Revenue

Farnoush grew the business to $298K/month

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