Whether it’s corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis.
Three of the largest bank failures in history rocked financial markets this year, but these 10 fintech startups offering banking services to other businesses only doubled down during the turmoil—facilitating billions of dollars in transactions, picking up deposits and in some cases, even benefiting directly from the crisis.
Returning to Forbes‘ Fintech 50 list this year, four-year-old neobank Mercury picked up more than $2 billion in deposits within days of Silicon Valley Bank’s sudden collapse in March. CEO Immad Akhund worked over the weekend, onboarding new customers as startled startup founders rushed to find a…