Frenemies: 20 Top Funded FinTechs That Work With Banks

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For many years, FinTech and banks were assessed from the perspective of the zero-sum game. While FinTech firms were pegged as disruptors, banks were driven to make a move towards agility or face serious market challenges driven by innovative players. However, in the last two years, things have become amicable between FinTechs and banks. While some FinTech players still believe that it is important to challenge banking at large and find their niche with exceptional service offerings, a considerable number of FinTech players have found clients in the banking community. Automated invoices, accounting services for business banking clients, data, analytics, white-label software solutions, cloud-based communications, and other such offerings from FinTech players are being welcomed with open arms. Here is a list of 20 FinTech firms that have found friends in the banking business: AvidXchange is a United States-based company founded in 2000, which has raised $545.3 million in total…

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