5 fastest growing FinTech companies in Boston

 Founded in 2017 by Silvio Micali, Algorand is a provider of open-source, permissionless, pure proof-of-stake blockchain protocol that enables the development of scalable blockchain solutions for real-world use cases. The FinTech is powering the DeFi evolution by enabling the creation and exchange of value, building financial tools and services, bringing assets on-chain and providing privacy models.

Algorand is building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure. Beyond the elementary requirement of an open, public network, Algorand’s technology enables a set of high performing Layer-1 blockchains that provide security, scalability, complete transaction finality, built in privacy, Co-Chains, and advanced smart contracts that are essential in a FutureFi world.

Founded in 2011 by former international student Iker Marcaide as PeerTransfer, Flywire removes the boundaries in the transaction through its solutions that enable the global payment and receivables process. It is proven to solve high-stakes vertical-specific payment and receivables problems for organizations that deliver high-value services. The FinTech has vertical-specific insight and technology that allows organisations to optimise the payment experience for their customers while eliminating operational challenges.

Flywire makes it easy for institutions to receive and reconcile payments from students across the globe. The company has partnerships with universities including Boston University, Tuition Management Systems, Carnegie Mellon, and Cornell and companies like Nelnet, Billtrust, Cashnet and more. Its solutions enable institutions to create custom payment plans to provide students and families with greater flexibility. Flywire has raised over $260mn in venture funding and counts Goldman Sachs, Temasek, Bain Capital Ventures, Spark Capital, F-Prime, Whale Rock Capital Management, Marshall Wace LLP, and Sunley House Capital, Advent International among its investors.

Read more: https://ibsintelligence.com/5-fastest-growing-fintech-companies-in-boston/

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