Top Payments Startups in 2027

Backpack Payment Technologies, Inc. is a financial technology company that specializes in building API-driven payment gateways for 529 College Savings Plans. The company collaborates with OMB Bank, a Member FDIC, to provide banking services. Backpack focuses on simplifying the process of managing and contributing to 529 accounts, making it easier for families to save for education expenses. The platform integrates various financial services to offer a seamless user experience for its clients.

We’re a squad of fintech builders, powered by Stripe, on a mission to shatter old remittance and banking limits and unleash instant cross-border payments for the Caribbean and Latin America’s business and community landscape. Whether someone is sending funds from Toronto, London, or Miami, or spending it in Kingston Jamaica (our first country), our closed-loop ecosystem gets money moving fast, locally, and for real impact.

We believe everyone should be able to participate and thrive in the economy. So we’re building tools that make commerce easier and more accessible to all. We started with a little white credit card reader but haven’t stopped there. Our new reader helps our sellers accept chip cards and NFC payments, and our Cash app lets people pay each other back instantly. We’re empowering the independent electrician to send invoices, setting up the favorite food truck with a delivery option, helping the ice cream shop pay its employees, and giving the burgeoning coffee chain capital for a second, third, and fourth location. Let’s shorten the distance between having an idea and making a living from it. And make it easier for customers to shop and pay at their favorite businesses. We’re here to help sellers of all sizes start, run, and grow their business—and helping them grow their business is good business for everyone.

Stronghold creates virtual payment networks that enable instant settlement and interoperability between legacy and new payment networks. Check us out! youtube.com/@Strongholdpay/featured

OUR STORY Form3 are a cloud-native payment technology provider for financially regulated institutions. Launched in 2016 we have grown from start-up to established scale-up at a sensational pace. REMOTE WORKING People can work from wherever they are happiest and most productive. With over 85 nationalities working together from 26 different countries. Though dotted across the UK, Europe, Canada, Argentina and US, our love for cloud-native technology is what unites us. TECHNOLOGY The Form3 platform is built on a powerful micro-services architecture and provides a single point of access to the full universe of payment schemes. Technical excellence is our passion and we delight in using technology to continually improve our customer's experience. When you combine that with operational excellence, magic happens.

The world is rapidly shifting to a digital economy. Nivelo improves lives by protecting digital payments against cybercrime and failures using state-of-the-art machine learning. We are backed by Barclays and FirstMark Capital and led by veterans in banking and fraud detection. We are a team that grew out of a need to protect digital payments, made even more evident during the pandemic. We are growing fast and our smart-AI based risk assessment API is transforming how Americans access cash online. If our work sparks curiosity and our mission moves you, please reach out. We'd love to hear from you.

Reap is a technology company dedicated to fuelling the ambitions of small businesses. We deliver corporate payment solutions to improve the way small businesses operate today and prepare them for the challenges of tomorrow. Currently, Reap's online payments platform enables small businesses to pay expenses and collect revenue – to and from anyone, anywhere – entirely via credit card. The company has revolutionised the way businesses manage cash flow, leveraging credit cards to smooth cash flow and increase capital efficiency by digitising day-to-day finances and transactions. As strong advocates of small to medium-sized businesses, Reap believes businesses should operate at their potential, not at their size. Reap continues to innovate, advancing technology and building better tools for small businesses to level the playing field – by giving every small business the access of a large enterprise. Reap is supported by an empowering group of investors; including Global Founders Capital, Bertelsmann Asia Investments, Index Ventures, Fresco Capital and Hustle Fund. Our current operation spans Hong Kong and Singapore and continues to expand.

CardFlight is committed to making payment acceptance easy for business owners. SwipeSimple, our signature product, is used by more than 100,000 small business across the US. Ten of the top 30 merchant acquirers in the US recommend SwipeSimple because the products easy for businesses to use. CardFlight takes pride in building SaaS solutions that are ahead of the curve in technology, reliability, and user experience. Delivering simple payment solutions and quick response to industry shifts, has made us one of the fastest growing companies in America. To learn more about our company and team, visit our website.

Fena - Seamless access to Open Banking payments We believe that costly card payments and outdated infrastructure shouldn’t hamper businesses, and with Fena, they don’t. Fena (formerly Faizpay) is rapidly growing, using new regulations to enable seamless access to Open Banking. London based, but with staff across the globe, we are building products for customers across multiple geographies. Our solutions are built to improve payments for for everyone. Business of all sizes can save up to 85% vs card payment fees, reduce fraud, and improve the user experience with technology designed for the modern day. Some example use cases include: FinTechs: Fena provides payment APIs for instant payments. Payments can be initiated within the fintech’s app or website using Open Banking payments with bank level security. No cards, reduced fraud, low fees. eCommerce: Easy to install solutions requiring only a few lines of code, or plug-ins for solutions like WooCommerce, merchants can quickly add open banking payments to their checkout to reduce their costs, remove chargebacks, and minimise fraud. Small Retailers: In-store or in-person payments using our merchant app. Removes the need for a card terminal, instead using a mobile and QR code. Retailers can accept bank transfers as seamlessly as card payments for a fraction of the cost. Invoice Payments: Users can insert a QR code or payment link onto invoices to ensure they receive the right amount, every time. Generate these payment requests manually, or connect your account via API to automatically generate requests.