The AI In Fintech Market Map: 100+ Companies Using AI Algorithms To Improve The Fin Services Industry

AI in FinTech Market Map Image3

Startups are using AI to improve and expand credit offerings, insurance options, personal finance services, and regulatory software.

Using the CB Insights database, we expanded upon our AI 100 analysis to identify companies that use AI in financial services and mapped them according to the areas where they’re operating. In broad terms, our analysis includes companies whose core offering includes the application of AI to serve the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting & personal finance, as well as regulatory & compliance services. In addition, many of these companies have additional use cases beyond financial services.

Click on the image to enlarge. Note: The market map is not meant to be exhaustive of companies in the space. AI in FinTech Market Map Image3 Companies on the market map fall into 9 main categories:

Credit Scoring / Direct Lending: Companies in this category use AI for robust credit scoring and lending applications. Notable companies include Affirm and ZestFinance.

Assistants / Personal Finance: Companies in this category rely on an AI chat bot and mobile app assistant applications to monitor personal finances. Notable companies include Digit and Kasisto.

Quantitative & Asset Management: Companies in this category employ AI algorithmic trading and investment strategies or tools. Notable companies include Sentient Technologies and Numerai.

Insurance: Companies in this category use AI to quote and insure. Notable companies include Lemonade and Cape Analytics.

Market Research / Sentiment Analysis: Companies in this category use AI to efficiently research and measure sentiment. Notable companies include Dataminr and Alphasense.

Debt Collection: Companies in this category use AI to improve creditor collection of outstanding debt through personalized and automated communication. TrueAccord and CollectAI are included in this list.

Business Finance & Expense Reporting: Companies in this category use AI to improve basic business accounting, including expense reporting. Notable companies include AppZen and Zeitgold.

General Purpose / Predictive Analytics: Companies in this category use AI for general purpose semantic and natural language applications as well as broadly applied predictive analytics. Notable companies include Opera Solutions and Kensho Technologies.

Regulatory, Compliance, & Fraud Detection: Companies in this category use AI to detect fraudulent and abnormal financial behavior, and/or use AI to improve general regulatory compliance matters and workflows. Notable companies include Trifacta and Digital Reasoning Systems.

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Below is a table of the companies included in the market map:

AI in FinTech Private Company List
CompanySelect InvestorsCategory
Active.aiIDG Ventures India, Kalaari Capital, Microsoft AcceleratorAssistants / Personal Finance
Change LabsNielsen InnovateAssistants / Personal Finance
Clarity MoneyBessemer Venture Partners, Citi Ventures, RRE VenturesAssistants / Personal Finance
CleoAlex Chesterman, Entrepreneur First, Niklas ZennstromAssistants / Personal Finance
ClinceLab Ventures, Hyde Park Venture Partners, National Science FoundationAssistants / Personal Finance
DigitGeneral Catalyst, Google Ventures, Ribbit CapitalAssistants / Personal Finance
Homebot500 AcceleratorAssistants / Personal Finance
KasistoFinTech Innovation Lab, HBS Alumni Angels Association, Two Sigma VenturesAssistants / Personal Finance
MoneyLionEdison Partners, FinTech Collective, Macquarie GroupAssistants / Personal Finance
Penny AppSocial Capital, Y CombinatorAssistants / Personal Finance
Personetics TechnologiesLightspeed Venture Partners, Santander InnoVentures, Sequoia Capital IsraelAssistants / Personal Finance
TrimENIAC Ventures, Sound Ventures, Version One VenturesAssistants / Personal Finance
AppZen500 Accelerator, Bloomberg Beta, Silicon Valley Bank,Business Finance & Expense Reporting
Fyle TechnologiesBEENEXT, Joydeep Sen Sarma, Phanindra SamaBusiness Finance & Expense Reporting
NetChain SquaredN/ABusiness Finance & Expense Reporting
WintCollector, Lena Apler, Stefan AlexanderssonBusiness Finance & Expense Reporting
ZeitgoldBattery Ventures, Holtzbrinck VenturesBusiness Finance & Expense Reporting
AffirmAndreessen Horowitz, Founders Fund, Lightspeed Venture PartnersCredit Scoring / Direct Lending
AireBarclays Accelerator, Peter Jackson, SparkLabs Global VenturesCredit Scoring / Direct Lending
Applied Data FinanceColchis Capital, Victory Park CapitalCredit Scoring / Direct Lending
Argon CreditPrinceton Alternative FundingCredit Scoring / Direct Lending
AvantKohlberg Kravis Roberts & Co., Peter Thiel, RRE VenturesCredit Scoring / Direct Lending
CreamfinanceFlint CapitalCredit Scoring / Direct Lending
CreditVidyaKalaari Capital, Siddharth ParekhCredit Scoring / Direct Lending
Float500 Accelerator, Camp One Ventures, Commerce.Innovated.Credit Scoring / Direct Lending
HabitoRibbit Capital, Taavet Hinrikus, Yuri MilnerCredit Scoring / Direct Lending
JamesKickstart Accelerator, Kima Ventures, Money 20/20Credit Scoring / Direct Lending
NaborlyHarris Barton, Picus Capital, ScaleUp VenturesCredit Scoring / Direct Lending
UpstartEric Schmidt, First Round Capital, Founders FundCredit Scoring / Direct Lending
WeCashFinTech Innovation Lab, IDG Capital Partners, SIG Asia InvestmentsCredit Scoring / Direct Lending
ZestFinanceBaidu, Fortress Investment Group, Lightspeed Venture PartnersCredit Scoring / Direct Lending
CollectAIN/ADebt Collection
TrueAccordHomebrew, Khosla Ventures, Max LevchinDebt Collection
AnodotAleph, Disrupt-iveGeneral Purpose / Predictive Analytics
AyasdiCenterview Capital, Citi Ventures, DARPAGeneral Purpose / Predictive Analytics
CognitiveScaleIBM, Intel Capital, Microsoft VenturesGeneral Purpose / Predictive Analytics
Context RelevantBank of America, Bloomberg Beta, Goldman SachsGeneral Purpose / Predictive Analytics
H2O.aiAsh Bhardwaj, Capital One Growth Ventures, Michael MarksGeneral Purpose / Predictive Analytics
Kensho TechnologiesAccel Partners, Bank of America Merril Lynch, Google VenturesGeneral Purpose / Predictive Analytics
Lucena ResearchFlashpointGeneral Purpose / Predictive Analytics
Narrative ScienceBattery Ventures, FinTech Innovation Lab, In-Q-TelGeneral Purpose / Predictive Analytics
NumentaEd Colligan, SkyMoon VenturesGeneral Purpose / Predictive Analytics
Opera SolutionsAccel-KKR, Enlightenment Capital, Silver LakeGeneral Purpose / Predictive Analytics
SmartZip AnalyticsClaremont Creek Ventures, Crest Capital Ventures, Intel CapitalGeneral Purpose / Predictive Analytics
Cape AnalyticsData Collective, Formation 8, Khosla VenturesInsurance
CaptricityFounders Fund, Greylock Partners, Social CapitalInsurance
CyenceInstitutional Venture Partners, New Enterprise AssociatesInsurance
LemonadeGeneral Catalyst, Google Ventures, Sequoia Capital IsraelInsurance
RiskGeniusPlug and Play AcceleratorInsurance
Shift TechnologyAccel Partners, Elaia Partners, Iris CapitalInsurance
TractableIgnition Partners, Zetta Venture PartnersInsurance
UnderstoryMonsanto Growth Ventures, RRE Ventures, SK VenturesInsurance
ZendriveFirst Round Capital, Sherpa Capital, Tim FerrisInsurance
Acuity TradingJenson Funding PartnersMarket Research / Sentiment Analysis
AlphaSenseFirst Fellow Partners, Quantum Strategic Partners, Soros Fund ManagementMarket Research / Sentiment Analysis
DataminrFidelity Investments, Goldman Sachs, In-Q-TelMarket Research / Sentiment Analysis
Descartes LabsCorrelation Ventures, Crosslink Capital, Cultivian SandboxMarket Research / Sentiment Analysis
FeedStockIlluminate Financial ManagementMarket Research / Sentiment Analysis
Indico Data SolutionsBoston Seed Capital, General Catalyst, Two Sigma VenturesMarket Research / Sentiment Analysis
Orbital InsightBloomberg Beta, Google Ventures, Sequoia CapitalMarket Research / Sentiment Analysis
Signal MediaFrontline Ventures, Hearst Ventures, Jon MoultonMarket Research / Sentiment Analysis
iSentiumDavid Heller, Marc SpilkerMarket Research / Sentiment Analysis
AIMDT&Investment, Seoul Business Agency, Soorim PartnersQuantitative & Asset Management
Aidyia LimitedN/AQuantitative & Asset Management
AlgorizY CombinatorQuantitative & Asset Management
AlpacaArchetype Ventures, Bip Systems, D4VQuantitative & Asset Management
Alpine Data LabsMission Ventures, Robert Bosch Venture Capital, Sierra VenturesQuantitative & Asset Management
BinatixScott BanisterQuantitative & Asset Management
Clone AlgoN/AQuantitative & Asset Management
DomeyardGary Bergstrom, Howard Morgan, Renren Lianhe HoldingsQuantitative & Asset Management
ForwardLaneBarclays Accelerator, FinTech Innovation LabQuantitative & Asset Management
FountKorea Investment Partners, KT Investment, Smilegate InvestmentsQuantitative & Asset Management
NumeraiFirst Round Capital, Union Square VenturesQuantitative & Asset Management
Pit.aiY CombinatorQuantitative & Asset Management
Sentient TechnologiesAccess Industries, BlackPine Private Equity Partners, Tata Communications,Quantitative & Asset Management
SigOptAndreessen Horowitz, SV Angel, Y CombinatorQuantitative & Asset Management
TrumidCreditEase, Soros Fund Management, Thiel CapitalQuantitative & Asset Management
Walnut AlgorithmsStartupbootcamp FinTechQuantitative & Asset Management
WealthfrontSocial Capital, Spark Capital, Tim FerrisQuantitative & Asset Management
BehavioSecConor Venture Partners, FinTech Innovation Lab, InnovationsbronRegulatory, Compliance, & Fraud Detection
Bigstream SolutionsCota Capital, Oriza Ventures, Streamlined VenturesRegulatory, Compliance, & Fraud Detection
CheckrecipientIan Hamilton, Keith Hyman, Lean InvestmentsRegulatory, Compliance, & Fraud Detection
ComplyAdvantageBalderton CapitalRegulatory, Compliance, & Fraud Detection
DataRobotIntel Capital, New Enterprise Associates, TechstarsRegulatory, Compliance, & Fraud Detection
Digital Reasoning SystemsCredit Suisse NEXT Investors, FinTech Innovation Lab, Goldman SachsRegulatory, Compliance, & Fraud Detection
DimeboxBillPro GroupRegulatory, Compliance, & Fraud Detection
FeedZaiCiti Ventures, Data Collective, EDP VenturesRegulatory, Compliance, & Fraud Detection
Fortia Financial SolutionsBNP ParibasRegulatory, Compliance, & Fraud Detection
FraugsterEarlybird Venture Capital, Seedcamp, SpeedInvestRegulatory, Compliance, & Fraud Detection
Jewel Paymentech8capita Partners, Tuas Capital Partners, Wells Fargo Startup AcceleratorRegulatory, Compliance, & Fraud Detection
NeurensicPlug and Play AcceleratorRegulatory, Compliance, & Fraud Detection
OnfidoSaid Business School Seed Fund, Salesforce Ventures, Wellington PartnersRegulatory, Compliance, & Fraud Detection
PaxataAccel Partners, Intel Capital, Microsoft VenturesRegulatory, Compliance, & Fraud Detection
PredicSisImpact USA, InnovacomRegulatory, Compliance, & Fraud Detection
Sift ScienceFirst Round Capital, Founder Collective, Union Square VenturesRegulatory, Compliance, & Fraud Detection
SkytreePlug and Play Ventures, UPS Strategic Enterprise Fund, US Venture PartnersRegulatory, Compliance, & Fraud Detection
SocureFounder Collective, Santander InnoVentures, Two Sigma VenturesRegulatory, Compliance, & Fraud Detection
TrifactaAccel Partners, Greylock Partners, Ignition PartnersRegulatory, Compliance, & Fraud Detection
Troo.lyBain Capital Ventures, Milliways VenturesRegulatory, Compliance, & Fraud Detection
WorkFusionGreycroft Partners, iNovia Capital, Nokia Growth PartnersRegulatory, Compliance, & Fraud Detection
cortical.ioNumenta, Open Field Capital, ReventonRegulatory, Compliance, & Fraud Detection

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