fintech in the land of cowboys
The Dallas-Fort Worth (DFW) region has quietly become an emerging hub for financial technology (fintech) startups and innovation. With a business-friendly environment, accessible talent pool, and low cost of living compared to other tech centers, DFW provides fertile ground for the fintech industry to grow.
DFW is also home to a growing number of emerging fintech startups looking to disrupt traditional financial services. These include companies tackling areas like digital banking, blockchain technology, payment processing, investing apps and personal finance management. For example, Dallas-based MoneyGram leads in global peer-to-peer payment transfer and below are several really cool preseed to Series B fintechs in Dallas:
- Nada
Is a seed stage finance app for real estate to unlock the home equity market allowing retail investors to own a piece in a city equity market for as little as $100. It also allows homeowners to cash out home equity without the burden of taking on debt.
It has raised $13.4M to date.
Founders are Felipe Miranda, John Green, Mauricio Delgado
Backed LiveOak Venture Partners, Revolution, Capital Factory Ventures, 7BC Venture Capital, and Sweater Ventures
2. modo payments
A Series A SaaS payments platform that helps one save on payment fees by making payments less expensive and simple.
It has raised $28M to date.
The founding team consists of Aaron Wilkinson, Bruce Parker, Erich Schulz, Greg Harvey, Mark Saum, Sam Brown
Backed by Deutsche Bank, Interlock Partners
3. gig wage
A series A fintech payroll company for gig workers and contractors. They allow businesses manage contractor payroll, payments, and compliance and allows independent contractors to track the amount and type of work they perform for a company, receive payments and initiate invoices.
It has raised $16.5M to date.
It is founded by Craig J. Lewis.
They are backed by The Found Group, Green Dot, TechStars, Continental Investors.
4. Yendo
A series A company that is a vehicle-secured credit card that leverages machine learning and artificial intelligence to inform credit and valuation decisions. It is backed by Mark Cuban and Yendo turns car equity into credit.
It has raised $92.5M to date.
It is founded by Jordan Miller, George Utkov, and Daniel Ashy
Backed by Human Capital, FPV Ventures, 1930 Capital, Pelion Ventures Partners,
Autotech Ventures, Uncommon Capital, Aaron Frank (VP at LightSpeed)
5. Zirtue
A seed stage mobile relationship-based lending application simplifying loans between family, friends, and trusted relationships with automatic ACH loan payments.
Founded by Dennis Cail and Michael Seay
It has raised $4.1M to date.
Backed by Techstars, Northwestern Mutual Future Ventures, Inclusive Ventures Lab
