The fintech industry in Michigan has witnessed significant growth, with several companies providing innovative financial solutions. The industry echoes diverse services ranging from online mortgage loans to digital payment solutions. Such companies are reshaping the financial landscape, offering simplified processes, and catering to a broad customer base from individuals to small businesses. As digital platforms continue to burgeon, these Michigan-based fintech companies are gaining traction, combining technology and finance to create more transparent, efficient, and convenient financial services. With the diverging trend in fintech, the industry appears to be on the cusp of an era of accelerated innovation and growth.


Top 24 fintech companies in Michigan

1. Rocket Mortgage

Rocket Mortgage is a company that offers online mortgage loans. They provide a streamlined process for customers to apply and secure mortgage financing.


2. Autobooks

  • Website: autobooks.co
  • Headquarters: Detroit, Michigan, United States
  • Founded: 2015
  • Headcount: 51-200
  • Latest funding type: Series C
  • LinkedIn

Autobooks.co offers a reliable and affordable online invoicing and payment acceptance solution for small businesses. With Autobooks, businesses can create and send professional invoices, accept digital payments, and automate tedious bookkeeping tasks. Autobooks is built to be seamlessly integrated with the user's bank account, providing a secure and convenient way to manage finances. By partnering with banks and credit unions, Autobooks ensures that small businesses have access to invoicing, payment acceptance, accounting, and more, all within their online and mobile banking platforms.


3. Rocket Loans

Rocket Loans is an online personal loans company that provides quick and convenient financing options to individuals. With a fully digital platform, customers can easily apply for loans and receive funding within a short period of time.


4. Credibly

  • Website: credibly.com
  • Headquarters: Southfield, Michigan, United States
  • Founded: 2010
  • Headcount: 51-200
  • Latest funding type: Debt Financing
  • LinkedIn

Credibly.com is a company that offers innovative financial solutions and lending options for businesses. They provide fast and flexible financing to help small and medium-sized enterprises grow and thrive.


5. Groundspeed

  • Website: groundspeed.com
  • Headquarters: Ann Arbor, Michigan, United States
  • Founded: 2016
  • Headcount: 51-200
  • Latest funding type: Series C
  • LinkedIn

Groundspeed is a company that specializes in using advanced data pipeline and artificial intelligence to analyze unstructured data and provide insights into the real picture of risk. They partner with large commercial carriers to deliver solutions for risk analytics in the commercial insurance industry.


6. Tot

  • Website: tot.money
  • Headquarters: Milano, Michigan, United States
  • Founded: 2020
  • Headcount: 11-50
  • Latest funding type: Seed
  • LinkedIn

Tot S.p.A. is a financial technology startup offering online banking services to businesses and professionals. They provide a range of products including business accounts, credit cards, and online payments. With a partnership with Banca Sella, Tot ensures compliance with Italian banking regulations and offers secure and convenient banking solutions. Their services are 100% digital and give businesses access to an Italian IBAN, SEPA transfers, F24 payments, and a Visa Business credit card.


7. Figo Now

  • Website: figonow.com
  • Headquarters: Birmingham, Michigan, United States
  • Founded: 2016
  • Headcount: 11-50
  • LinkedIn

FigoNOW is a financial technology company providing easy-to-use banking and payment solutions to individuals and businesses.


8. Stratos Card

  • Website: cardlabcards.com
  • Headquarters: Ann Arbor, Michigan, United States
  • Headcount: 11-50

Stratos offers an all-in-one connected card solution that allows users to access several cards by using a single card. Users can sync their credit, debit, loyalty, gift, and membership into Stratos, which is accepted at various merchants, including stores, coffee shops, ATMs, gas pumps, parking meters, kiosks, and more.


9. Forum Banca

Forum Banca is a leading event for the banking industry in Italy, bringing together experts and professionals to discuss the latest trends and challenges facing the sector.


10. Burroughs, Inc.

  • Website: burroughs.com
  • Headquarters: Farmington Hills, Michigan, United States
  • Founded: 1886
  • Headcount: 501-1000
  • LinkedIn

Burroughs is a leading independent services and integration provider in North America, specializing in full lifecycle management of cash automation, self-service, IoT, and other technology investments. They offer personalized, innovative, and secure solutions to help businesses streamline operations, enhance customer experiences, and maximize the value of their technology investments.


11. Daffodil Software

  • Website: daffodilsw.com
  • Headquarters: Grandville, Michigan, United States
  • Founded: 1999
  • Headcount: 501-1000
  • LinkedIn

Daffodil Software is a technology company based in NYC that specializes in software engineering and digital transformation. With over 20 years of expertise, they assist companies in elevating their business goals by leveraging their limitless technology capabilities. They offer services such as product engineering, software development, managed cloud services, and robotic process automation.


12. Epiphany

  • Website: epiphany.eu
  • Headquarters: Milano, Michigan, United States
  • Founded: 2016
  • Headcount: 11-50
  • Latest funding type: Seed
  • LinkedIn

Epiphany is a company that offers a reliable and cost-effective solution to help banks achieve digital transformation. Their next-gen banking platforms provide a clear view of multiple accounts through a single API, ensuring PSD2 compliance and enabling open banking.


13. Magic-Wrighter, Inc.

MagicWrighter is a payment processing company that offers solutions for businesses to simplify and streamline their payment transactions. They provide services such as ACH solutions, remote deposit capture, and integrated ACH and card processing.


14. CardiArc

  • Website: cardiarc.com
  • Headquarters: Canton, Michigan, United States
  • Founded: 2000
  • Headcount: 1-10

Step one for Nuclear Cardiology.


15. Crypto Coinference

  • Website: moneywide.io
  • Headquarters: Milan, Michigan, United States
  • Founded: 2017
  • Headcount: 11-50
  • LinkedIn

Moneywide.io is a financial technology company that offers innovative solutions to help individuals and businesses manage money effectively.


16. The Spark Foundation - Empowering Educators Around the World

The Spark Foundation's website could not be found in the given text or context.


17. Emerging Industry Association

The Emerging Industry Association (EIA) is a nonprofit organization connecting businesses and their transformative technologies with emerging industries. We help businesses be seen in ever-changing markets like medical research and green energy, making their transformative technologies more effective and business simpler.


18. Spartan Blockchain Solutions

Spartan Blockchain is a company that specializes in blockchain technology solutions. They offer services and products that help businesses integrate blockchain into their systems, providing security, transparency, and efficiency.


19. Rocket Auto

Rocket Auto is a subsidiary of Rocket Companies, Inc. that offers hassle-free car buying experience and facilitates financing and monthly payments that fit the customer's needs. They provide a single, stress-free solution for purchasing vehicles and offer vehicle delivery right to the customer's front door.


20. Bankjoy

  • Website: bankjoy.com
  • Headquarters: Royal Oak, Michigan, United States
  • Founded: 2015
  • Headcount: 51-200
  • Latest funding type: Series Unknown
  • LinkedIn

Bankjoy is a Y Combinator-backed FinTech startup. We are changing the way Credit Unions and Community Banks do business, enabling them to become tech-driven and digital-first. Bankjoy delivers modern banking technology, including mobile banking, online banking, e-statements, online account opening, loan origination, and conversational AI to credit unions and community banks. We are among the fastest growing digital banking providers in the market. Our mission is to revolutionize American banking infrastructure by leading digital transformation at credit unions and community banks.


21. Crypto Campus

The Cryptocampus is a website that offers information about cryptocurrencies and related technologies.


22. International Bancard Corporation

International Bancard is a company that offers sales commission, marketing initiatives, customer paperwork, and prospect-to-customer tracking workflow services. It provides a secure portal called Passport to manage workflow, sales pipelines, customer records, and generate real-time reports.


23. FortisPay

  • Website: fortispayments.com
  • Headquarters: Novi, Michigan, United States
  • Founded: 2009
  • Headcount: 11-50
  • Latest funding type: Private Equity
  • LinkedIn

Fortis Payments is a payment solutions provider offering services for recurring and one-time payments. They specialize in serving chiropractors, providing a hassle-free payment experience.


24. Clinc, Inc.

  • Website: clinc.com
  • Headquarters: Ann Arbor, Michigan, United States
  • Founded: 2015
  • Headcount: 51-200
  • Latest funding type: Series B
  • LinkedIn

Clinc is an AI company that offers cost-effective, 24/7 support by automating frequent customer requests. With its natural language processing technology, Clinc provides exceptional customer experiences, allowing customers to check balances, transfer funds, and gain insights into their spending habits through seamless interactions. The company's virtual assistant and chatbot solutions reduce operational costs and decrease customer churn. Clinc has been successful in large-scale deployments, particularly in the banking industry. Headquartered in Ann Arbor, Michigan, Clinc is a leader in conversational AI.


Want to find more fintech companies?


If you want to find more companies that offer innovative financial services like online loans and digital payments 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!