Money and cash flow are the lifeblood of a small business. It’s an area often overlooked by traditional online banking services, so numerous specialists have launched during the past decade-plus to better serve SMB needs. Most providers operate on a dual revenue model which includes:
a.) monthly subscription fees to create predictable recurring revenue
b.) transaction fees to cover interchange and other variable processing costs.

We divided the payment providers into four categories:

  1. Charge card and expense management (see list here)
  2. Bill payments and/or invoicing specialists (see below)
  3. Payment processors (see list here)
  4. Subscription management platforms (see list here)

Note: The FAB Score (Fintech Attention Barometer) is a proxy for the size of a private fintech company.

Learn MoreFAB Score*FoundedFunding $M
http://fintechlabs.com/wp-content/uploads/2022/01/1200px-Bill.com_Logo_2019.pngBill.com368SF2006504Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Melio_logo.jpegMeilo258NYC2018504Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Wave_logo.svgWave Payments863Toronto2003205Apply
http://fintechlabs.com/wp-content/uploads/2022/01/FreshBooks-Logo.pngFreshbooks599Toronto2003205Apply
http://fintechlabs.com/wp-content/uploads/2022/01/avidxchange_Logo.jpegAvidXchange449Charlotte, NC20001,760Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Tipalti.svgTipalti260SF2010565Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Invoice2go-Logo-@3x.pngInvoice2go162SF200215Apply
http://fintechlabs.com/wp-content/uploads/2022/01/vcita_logo.svgVcita131Seattle201015Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Rho_Logo_Standard_RGB_Abyss-1.svgRho111NYC2018205Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Airbase-Logo.pngAirbase44SF201790.5Apply
http://fintechlabs.com/wp-content/uploads/2022/01/invoiceninja-300x220-1.pngInvoiceNinja44Hefa, Israel20140Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Stampli-AP-Automation-logo.pngStampli39SF201585Apply
http://fintechlabs.com/wp-content/uploads/2022/01/PaySimple-Logo.pngPaySimple31Denver2006145Apply
http://fintechlabs.com/wp-content/uploads/2022/01/Routable_Logo.jpegRoutable30Seattle201746Apply
http://fintechlabs.com/wp-content/uploads/2022/01/DWOLLA-logo.pngDwolla19Des Moines200872Apply
http://fintechlabs.com/wp-content/uploads/2022/01/cropped-Beanworks-by-Quadient-logo.pngBeanworks0Vancouver20120Apply

Source: FintechLabs, 15 Dec 2021 using data from Crunchbase, SimilarWeb, SEMrush

* We have excluded PayPal from this list because they are more of an enterprise solution, and less importantly were founded in 1998, so a little old/established for a “challenger” list.
**As nerds do, we are developing a proprietary score measuring the adoption of digital financial services at private companies that do not release traditional metrics (# customers, deposits, AUM, etc). We call it the FAB score, standing for Fintech Attention Barometer. The score uses money raised, valuation and website traffic as a proxy for company size and velocity of growth. It’s a work in progress, so expect changes down the road.
**Funding is the amount invested into the company as either equity or debt.