The fintech industry in Illinois encompasses an array of firms, ranging from payment processors to digital lending platforms and data-driven wealth management solutions. This dynamic sector leverages advanced technology to streamline financial services, rendering them more accessible to consumers and businesses. Technology-driven innovations are continuously shaping the industry, providing promising opportunities and pioneering uncharted territories in Illinois' financial landscape.


Top 19 fintech companies in Illinois

1. First Data Merchant Services

  • Website: firstdata.com
  • Headquarters: Naperville, Illinois, United States
  • Founded: 2003
  • Headcount: 10001+
  • Latest funding type: Acquired
  • LinkedIn

First Data is a financial technology company that provides payment processing solutions for merchants and financial institutions. They offer a comprehensive suite of payment products and services including merchant acquiring, card processing, and payment gateway solutions.


2. Avant

  • Website: avant.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2012
  • Headcount: 501-1000
  • Latest funding type: Debt Financing
  • LinkedIn

Avant.com is a financial technology company that offers online personal loans to individuals. With a streamlined application process and quick funding, Avant.com provides borrowers with access to funds for various purposes. The company leverages data and technology to offer affordable and personalized loan options to its customers.


3. Envestnet, Inc

  • Website: envestnet.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 1999
  • Headcount: 1001-5000
  • Latest funding type: Post Ipo Debt
  • LinkedIn

Envestnet is a financial technology company that provides wealth management solutions to financial advisors and institutions. Their platform offers a comprehensive suite of investment tools, portfolio management services, and data analytics, enabling advisors to deliver personalized financial advice and services to their clients.


4. Enova International

  • Website: enova.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2004
  • Headcount: 1001-5000
  • Latest funding type: Ipo
  • LinkedIn

Enova.com is a leading financial technology company that provides online financial services through its AI and machine learning-powered Colossus™ platform. It serves non-prime consumers and businesses, offering world-class technology and services to traditional banks, in order to create accessible credit for millions.


5. Braintree

  • Website: braintreepayments.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2007
  • Headcount: 501-1000
  • Latest funding type: Acquired
  • LinkedIn

Braintree Payments is an online payment solutions and global payment processor. With over 20 years of experience, Braintree offers an all-in-one solution for selling products or services, providing customized pricing based on business size and model. As a PayPal service, Braintree's innovative payments technology, scalable solutions, and white-glove support are backed by one of the world's largest and most trusted fintech brands.


6. Amount

  • Website: amount.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2020
  • Headcount: 201-500
  • Latest funding type: Private Equity
  • LinkedIn

Amount.com is a fintech company that provides innovative digital banking solutions, offering simplified and accelerated loan approval and fulfillment. They empower financial institutions to go to market quickly with competitive and differentiated banking solutions.


7. Pangea Money Transfer

Pangea Money Transfer provides a smarter way to move money. With a focus on convenience, speed, and affordability, Pangea allows users to easily send money internationally through their mobile app or website.


8. CryptoFi

  • Website: cryptofi.tech
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2020
  • Headcount: 11-50
  • LinkedIn

CryptoFi is a company that operates in the emerging field of the Metaverse. They provide solutions and services to financial institutions, banks, and fintechs to establish a presence in the virtual world. Their offerings include VR cafes, cryptocurrency assets, and other innovations related to the Metaverse. As the Metaverse continues to grow and expand beyond gaming, CryptoFi aims to help their clients stay relevant and connect with communities in virtual environments.


9. FinTech Rising

FinTech Rising is a respected blog and email that helps financial professionals understand the business uses and investment landscape of financial technologies. We aim to provide a pragmatic perspective on digital assets, cryptocurrency, payments systems, and the digital transformation of wealth and banking. See the latest at https://www.fintechrising.co/


10. Canright Communications Company

Canright Communications is a technical communications company that helps clients market and sell their ideas, innovations, products, and services through clear communications.


11. Htmlcoin

  • Website: htmlcoin.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2014
  • Headcount: 51-200
  • LinkedIn

HTMLCOIN is a cryptocurrency that powers the Althash blockchain, offering fast and secure transactions. It provides a range of disruptive tools for industries like security, payment systems, e-commerce, health, education, and more. The blockchain allows the creation of various tokens and supports Smart Contracts. With its unique architecture combining the Bitcoin base layer and Ethereum EVM, HTMLCOIN offers a decentralized, failsafe, and secure computer system.


12. Zooyza, LLC

  • Website: zooyza.com
  • Headquarters: Des Plaines, Illinois, United States
  • Founded: 2012
  • Headcount: 11-50
  • LinkedIn

Zooyza is a company offering a mobile wallet app called Z-Wallet.


13. Repo Coin

  • Website: repocoin.io
  • Headquarters: Chicago, Illinois, United States
  • Founded: 2017
  • Headcount: 11-50
  • LinkedIn

Repo Coin is a blockchain-based platform designed for the car repossession industry. With a multi-chain protocol for token operation, Repo Coin aims to solve the issue of non-payment towards finance companies using technology and business solutions.


14. Peak6

  • Website: peak6.com
  • Headquarters: Chicago, Illinois, United States
  • Founded: 1997
  • Headcount: 1001-5000
  • LinkedIn

PEAK6 is an innovative investment firm that embraces technology to simplify processes, improve performance, and create new wealth. With a focus on flexibility and adaptability, we strategically accumulate and manage options contracts using advanced technology and the expertise of top traders. Our unique approach allows us to provide liquidity solutions tailored to our customers' needs.


15. Trading Technologies

Trading Technologies is a leading provider of technology solutions for the financial industry, offering a high-performance trading platform for futures, options, and cryptocurrencies. With a focus on speed, reliability, and accessibility, our platform enables users to trade globally on a secure network. We also provide a range of services including market data, charting and analytics, surveillance, and risk management.


16. Strategic Systems International

SSI Decisions is a global financial information and software company that specializes in innovative supply chain and logistics solutions. With expertise in emerging technologies and advanced analytics, they offer data services, mobile applications, and enterprise platforms to empower businesses in various industries. Their customer-focused approach and strategic partnerships ensure maximum value realization for their clients.


17. AFCO Credit Corporation

  • Website: afco.com
  • Headquarters: Rosemont, Illinois, United States
  • Founded: 1954
  • Headcount: 201-500
  • LinkedIn

AFCO is a leading provider of insurance premium finance and payment solutions. They offer a broad product line to support the needs of insurance professionals and their insured. With abundant funding capacity, they can accommodate growth objectives.


18. CreditNinja

CreditNinja is a financial solutions provider that offers online loans to borrowers in difficult financial situations. With a simple and convenient online application process, CreditNinja aims to provide safe and reliable financial solutions to help individuals overcome unplanned expenses and manage their budget effectively.


19. Velvetech LLC

  • Website: velvetech.com
  • Headquarters: Northbrook, Illinois, United States
  • Founded: 2004
  • Headcount: 51-200
  • LinkedIn

Velvetech is a custom software development company that offers full-cycle mobile software development services. They help clients define technical requirements and publish applications on the App Store and Google Play. Velvetech has a proven expertise in network engineering, infrastructure management, data migration, system integration, cloud computing, and information security. They provide tailored technology solutions to support businesses in various industries.


Want to find more fintech companies?


If you want to find more companies that offer innovative solutions in payment processing, personal lending, and wealth management you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


With Inven you'll also get to know the company's:


  • Ownership: Which of these are private equity backed? Which are family-owned?
  • Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!