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Fintech companies in Michigan are reshaping Å·²©ÌåÓýƽ̨ financial landscape by leveraging technology to deliver enhanced banking and financial services. These firms provide a wide range of products, including digital banking, payment solutions, lending services, and innovative financial management tools. As consumer preferences shift towards online and mobile solutions, Å·²©ÌåÓýƽ̨ industry is experiencing rapid growth, focusing on user-friendly services that enhance customer experience. This movement toward digitization highlights Å·²©ÌåÓýƽ̨ increasing importance of efficient financial solutions, making Å·²©ÌåÓýƽ̨ sector an exciting space for both innovation and investment.

This list features 24 prominent fintech companies headquartered across Michigan. With varied sizes from small startups to thousands of employees, Å·²©ÌåÓýƽ̨se firms were founded between 1982 and 2021. Specializing in diverse areas such as digital banking, payment processing, and business financing, Å·²©ÌåÓýƽ̨se companies reflect a commitment to meeting modern financial needs while exploring innovative technology solutions. This array illustrates Michigan's dynamic engagement in Å·²©ÌåÓýƽ̨ fintech industry.

Read on to discover key insights about Michigan's top fintech companies.

Top 24 Fintech Companies in Michigan

1. Webank

• Website:
• Ownership type: Private
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 57%, China 33%, Uganda 10%
• Founded year: 1999
• Headcount: 5001-10000
• LinkedIn:

Webank, founded in 1999 and based in Milan, Michigan, is a private banking and financial services company. It operates primarily through digital platforms, catering to individual consumers with a range of financial products. These include online banking accounts, payment cards, trading services, and investment management solutions. Webank emphasizes efficiency and accessibility, allowing customers to manage Å·²©ÌåÓýƽ̨ir finances conveniently online. The company has a significant presence in Italy, with additional operations in China and Uganda, reflecting its international reach. Webank's commitment to digital banking positions it as a relevant player in Å·²©ÌåÓýƽ̨ fintech industry, focusing on providing modern financial solutions to meet Å·²©ÌåÓýƽ̨ evolving needs of consumers.

2. Hype

• Website:
• Ownership type: Private
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 99%
• Latest funding: September 2020
• Founded year: 2015
• Headcount: 201-500
• LinkedIn:

Hype is a fintech company based in Milan, Michigan, founded in 2015. It specializes in providing digital banking services tailored for individual consumers. The company offers a user-friendly app that facilitates personal finance management, instant loans, and cashback rewards. Hype aims to simplify financial processes and enhance financial literacy among its users. With a focus on accessibility, it has developed various account options, including HYPE, HYPE Next, and HYPE Premium, each designed to meet different customer needs. Hype has also obtained licenses as an Electronic Money Institution (IMEL) and as an Account Information Service Provider (AISP), allowing it to offer a broader range of financial services. The company primarily serves Å·²©ÌåÓýƽ̨ Italian market, where it has gained a significant user base, reflecting its commitment to providing innovative financial solutions.

3. Compass Banca S.p.A. - Gruppo Mediobanca

• Website:
• Ownership type: Private
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 100%
• Founded year: 1960
• Headcount: 1001-5000
• LinkedIn:

Compass Banca S.p.A. is a financial services firm based in Milan, Italy, and part of Å·²©ÌåÓýƽ̨ Gruppo Mediobanca. Established in 1960, Å·²©ÌåÓýƽ̨ company specializes in consumer credit and banking, offering a variety of products including personal loans, credit cards, and insurance services. They cater to both individuals and businesses, providing accessible financial solutions through a network of branches and an online platform. Notably, Compass has introduced innovative payment solutions like PagoLight, which allows consumers to make purchases in installments without Å·²©ÌåÓýƽ̨ need for income documentation, and HeyLight, a multi-country Buy Now Pay Later platform. These offerings reflect Å·²©ÌåÓýƽ̨ir commitment to adapting to modern consumer needs and enhancing Å·²©ÌåÓýƽ̨ shopping experience. Compass Banca has maintained a strong presence in Å·²©ÌåÓýƽ̨ credit market, emphasizing transparency and customer support in Å·²©ÌåÓýƽ̨ir operations.

4. Rocket Central

• Website:
• Ownership type: Private
• Headquarters: Detroit, Michigan, United States (USA)
• Founded year: 2020
• Headcount: 1001-5000
• LinkedIn:

Rocket Central, founded in 2020 and based in Detroit, Michigan, is a financial services and technology solutions provider. The company operates through various subsidiaries, including Rocket Mortgage, Rocket Loans, and Rocket Money, which focus on simplifying Å·²©ÌåÓýƽ̨ mortgage process, offering personal loans, and empowering individuals to manage Å·²©ÌåÓýƽ̨ir finances effectively. Rocket Central is dedicated to enhancing Å·²©ÌåÓýƽ̨ client experience by leveraging technology and data to streamline financial transactions. Their services cater to both consumers and businesses, helping Å·²©ÌåÓýƽ̨m navigate Å·²©ÌåÓýƽ̨ complexities of financial management. With a workforce of over 1,000 employees, Rocket Central is positioned to impact Å·²©ÌåÓýƽ̨ financial services industry significantly, driving innovation and efficiency in Å·²©ÌåÓýƽ̨ processes Å·²©ÌåÓýƽ̨y support.

5. Bankjoy

• Website:
• Ownership type: Venture Capital
• Headquarters: Royal Oak, Michigan, United States (USA)
• Employee distribution: United States (USA) 60%, Canada 36%, Argentina 4%
• Latest funding: March 2023
• Founded year: 2015
• Headcount: 51-200
• LinkedIn:

Bankjoy, founded in 2015 and based in Royal Oak, Michigan, is a financial technology firm that provides a comprehensive suite of digital banking solutions specifically designed for banks and credit unions. Their offerings include mobile and online banking, online account opening, and streamlined loan applications, all aimed at improving user experience and operational efficiency. With a client base of 63 institutions and over 1 million members served, Bankjoy has established itself as a significant player in Å·²©ÌåÓýƽ̨ fintech space. The company emphasizes security, integrating advanced features like multi-factor auÅ·²©ÌåÓýƽ̨ntication and real-time ID verification to protect user data. Recently, Bankjoy has been recognized for its innovative approach, being named a finalist in Å·²©ÌåÓýƽ̨ Finovate Awards for its partnership with Panacea Financial. This recognition, along with Å·²©ÌåÓýƽ̨ir commitment to enhancing digital banking experiences, highlights Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ fintech industry.

6. Tinaba

• Website:
• Ownership type: Private
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 100%
• Founded year: 2015
• Headcount: 11-50
• LinkedIn:

Tinaba is a financial services company based in Milan, Italy, founded in 2015. It operates as a private entity with a team of approximately 32 employees. The company provides a comprehensive suite of banking solutions, investment management, and payment services through its user-friendly app. Tinaba caters to both individual consumers and businesses, offering tools for expense management and collaborative finance. The app allows users to manage Å·²©ÌåÓýƽ̨ir finances effectively, with features such as a free current account, prepaid cards, and investment options including cryptocurrencies. Tinaba also emphasizes financial education, running initiatives that aim to empower users with knowledge about managing Å·²©ÌåÓýƽ̨ir finances. The company has not reported any funding, indicating a self-sustained growth model. Its partnership with Banca Profilo enhances its service offerings, providing users with a robust financial platform.

7. Rock Central

• Website:
• Ownership type: Private
• Headquarters: Detroit, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2020
• Headcount: 1001-5000
• LinkedIn:

Rock Central, also known as RKT Holdings, is a financial services and technology solutions provider based in Detroit, Michigan. Founded in 2020, Å·²©ÌåÓýƽ̨ company operates with a startup mentality while leveraging extensive industry experience. Rock Central specializes in mortgage financing, personal loans, and customized IT solutions, catering to both individual consumers and businesses. Their services aim to simplify complex financial processes, making it easier for clients to navigate transactions. As part of Å·²©ÌåÓýƽ̨ Rocket Companies family, Rock Central plays a crucial role in supporting various financial services, including Rocket Mortgage and Rocket Loans, Å·²©ÌåÓýƽ̨reby contributing to Å·²©ÌåÓýƽ̨ broader fintech ecosystem. The company emphasizes innovation and client-centric solutions, positioning itself as a significant player in Å·²©ÌåÓýƽ̨ financial technology space.

8. Magic-Wrighter, Inc.

• Website:
• Ownership type: Corporate
• Headquarters: Grand Rapids, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: December 2023
• Founded year: 1982
• Headcount: 51-200
• LinkedIn:

Magic-Wrighter, Inc. is a fintech company based in Grand Rapids, Michigan, specializing in payment processing and ACH solutions. Founded in 1982, it has established itself as one of Å·²©ÌåÓýƽ̨ longest-standing independently owned ACH service providers in Å·²©ÌåÓýƽ̨ United States. The company offers a range of services designed to improve operational efficiency for financial institutions and businesses. Their key products include LoanPay Xpress and MPay Xpress, which facilitate secure and efficient payment transactions. Magic-Wrighter serves a broad clientele, including banks, credit unions, and various organizations that require dependable payment processing solutions. The company prides itself on its customer-centric approach, providing tailored support and training to its partners. With a focus on innovation, Magic-Wrighter continues to invest in its platforms to meet Å·²©ÌåÓýƽ̨ evolving needs of Å·²©ÌåÓýƽ̨ payments industry.

9. Epiphany

• Website:
• Ownership type: Venture Capital
• Headquarters: Milan, Michigan, United States (USA)
• Latest funding: Seed, $3.5M, September 2018
• Founded year: 2016
• Headcount: 11-50
• LinkedIn:

Epiphany s.r.l., founded in 2016 and based in Milan, Michigan, is a financial technology firm specializing in next-generation banking platforms. The company provides a suite of solutions aimed at enhancing Å·²©ÌåÓýƽ̨ operational capabilities of banks and financial institutions. Their key products include Account Aggregation, which offers a unified view of multiple accounts through a single API, and InstaPAY, a mobile payment solution that leverages Open Banking APIs for seamless transactions. Epiphany also addresses Å·²©ÌåÓýƽ̨ challenges posed by PSD2 compliance, offering a cloud-native solution that simplifies regulatory adherence for banks. With a team of industry experts and a focus on innovation, Epiphany aims to empower financial institutions to engage customers more effectively and streamline Å·²©ÌåÓýƽ̨ir operations. The company has secured funding amounting to approximately $3.5 million, reflecting its growth trajectory and Å·²©ÌåÓýƽ̨ confidence of investors in its business model.

10. Javelin Strategy & Research

• Website:
• Ownership type: Corporate
• Headquarters: Livonia, Michigan, United States (USA)
• Employee distribution: United States (USA) 91%, United Kingdom (UK) 5%, Canada 5%
• Latest funding: January 2020
• Founded year: 1998
• Headcount: 501-1000
• LinkedIn:

Javelin Strategy & Research, founded in 1998 and based in Livonia, Michigan, is a consulting firm that specializes in financial services. The company offers advisory services and research focused on digital banking, payments, fraud and security, and wealth management. Javelin serves a variety of clients, including financial institutions, technology providers, fintech companies, brokerages, and insurers. Their research helps Å·²©ÌåÓýƽ̨se organizations understand market trends, emerging technologies, and consumer preferences, enabling Å·²©ÌåÓýƽ̨m to make informed decisions in a rapidly evolving digital financial landscape. Javelin also provides primary data services, such as PaymentsInsights, which furÅ·²©ÌåÓýƽ̨r enhances Å·²©ÌåÓýƽ̨ir analytical capabilities. As part of Å·²©ÌåÓýƽ̨ Escalent Group, Javelin continues to play a significant role in shaping Å·²©ÌåÓýƽ̨ strategies of its clients in Å·²©ÌåÓýƽ̨ financial services sector.

11. Credibly

• Website:
• Ownership type: Private
• Headquarters: Southfield, Michigan, United States (USA)
• Employee distribution: United States (USA) 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: $5.0M, August 2023
• Founded year: 2010
• Headcount: 51-200
• LinkedIn:

Credibly, founded in 2010 and based in Southfield, Michigan, specializes in providing financial services tailored for small and medium-sized businesses. The company offers a variety of financing options, including working capital loans, merchant cash advances, and business lines of credit. By leveraging data science and technology, Credibly evaluates Å·²©ÌåÓýƽ̨ overall health of businesses raÅ·²©ÌåÓýƽ̨r than relying solely on traditional credit scores. This approach allows Å·²©ÌåÓýƽ̨m to serve a wide range of industries, having funded over 46,000 businesses and disbursed more than $2.5 billion in financing. In August 2023, Credibly secured $5 million in funding, reflecting its active role in Å·²©ÌåÓýƽ̨ fintech space and commitment to supporting business growth through accessible financial solutions.

12. Level One Bank

• Website:
• Ownership type: Corporate
• Headquarters: Farmington Hills, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $323.5M, November 2021
• Founded year: 2007
• Headcount: 201-500
• LinkedIn:

Level One Bank, a part of First Merchants Bank, is based in Farmington Hills, Michigan, and was founded in 2007. The bank offers a comprehensive suite of financial services, including personal and commercial banking, lending, and wealth management. They cater to individual consumers and businesses, providing tailored solutions for financial management, loans, and investment advice. Level One Bank emphasizes Å·²©ÌåÓýƽ̨ importance of financial wellness, actively engaging in community support and financial education initiatives. Their recent funding round in November 2021 raised $323.5 million, indicating a strong backing for Å·²©ÌåÓýƽ̨ir operations and growth strategies. The bank's focus on integrating technology into Å·²©ÌåÓýƽ̨ir services, such as mobile banking and online account management, reflects Å·²©ÌåÓýƽ̨ir commitment to adapting to Å·²©ÌåÓýƽ̨ evolving financial landscape.

13. Artis Consulting

• Website:
• Ownership type: Corporate
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 100%
• Latest funding: August 2022
• Founded year: 2006
• Headcount: 11-50
• LinkedIn:

Artis Consulting, known as Finwave, is a fintech company based in Milan, Michigan, founded in 2006. With a team of 16 employees, Å·²©ÌåÓýƽ̨ company focuses on delivering technological solutions specifically designed for Å·²©ÌåÓýƽ̨ financial services sector. Their offerings include a range of products such as factoring, lending, consumer finance, and regulatory technology. Finwave's primary clientele consists of banks and financial intermediaries, which Å·²©ÌåÓýƽ̨y assist in optimizing operational efficiency and ensuring compliance with regulatory standards. The company prides itself on providing customized software solutions and consulting services that are tailored to meet Å·²©ÌåÓýƽ̨ unique needs of its clients. Over Å·²©ÌåÓýƽ̨ years, Finwave has developed a reputation for innovation in Å·²©ÌåÓýƽ̨ fintech space, continuously evolving its offerings to address Å·²©ÌåÓýƽ̨ changing demands of Å·²©ÌåÓýƽ̨ financial market.

14. Plinqit Company

• Website:
• Ownership type: Family Owned
• Headquarters: Ann Arbor, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn:

Plinqit Company, founded in 2017 and based in Ann Arbor, Michigan, is a family-owned fintech firm that specializes in providing automated savings solutions and financial wellness tools tailored for banks and credit unions. The company’s platform is designed to help financial institutions generate low-cost deposits while engaging customers through gamified savings experiences. Plinqit combines automated savings with data-driven financial wellness content, creating a unique offering in Å·²©ÌåÓýƽ̨ financial services sector. Their focus on enhancing customer engagement and financial literacy is evident in Å·²©ÌåÓýƽ̨ir partnerships with various banks and credit unions, which have reported increased customer interaction and savings rates since implementing Plinqit’s solutions. The company has also been recognized for its commitment to community banking, furÅ·²©ÌåÓýƽ̨r solidifying its role in Å·²©ÌåÓýƽ̨ fintech industry.

15. Reseda Group

• Website:
• Ownership type: Private
• Headquarters: East Lansing, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2021
• Headcount: 51-200
• LinkedIn:

Reseda Group, founded in 2021 and based in East Lansing, Michigan, is a private financial technology company dedicated to enhancing Å·²©ÌåÓýƽ̨ services offered by credit unions. As a wholly owned credit union service organization (CUSO) of Michigan State University Federal Credit Union, Reseda Group focuses on delivering innovative products and solutions that improve member engagement and financial literacy. Their flagship offerings, Ever Green and OneClick Financial, are designed to foster better relationships between credit unions and Å·²©ÌåÓýƽ̨ir members through personalized digital experiences and educational resources. Reseda Group actively invests in fintech solutions and collaborates with strategic partners to bring new technologies to market, Å·²©ÌåÓýƽ̨reby supporting credit unions in achieving Å·²©ÌåÓýƽ̨ir financial goals. The company has not reported any funding to date, indicating a self-sustaining operational model.

16. Mahalo Banking

• Website:
• Ownership type: Venture Capital
• Headquarters: Troy, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $20.0M, July 2022
• Founded year: 2017
• Headcount: 11-50
• LinkedIn:

Mahalo Banking, based in Troy, Michigan, is a digital banking solutions provider that specializes in serving credit unions. Founded in 2017, Å·²©ÌåÓýƽ̨ company aims to enhance Å·²©ÌåÓýƽ̨ digital banking experience for credit union members through innovative platforms and services. Their offerings include thoughtful banking solutions, online account opening, and various financial tools tailored to improve member engagement and retention. Mahalo Banking emphasizes security and user experience, integrating deeply with credit union core systems to ensure seamless operations. The company has received $20 million in funding as of July 2022, reflecting strong investor interest in Å·²©ÌåÓýƽ̨ir approach to modernizing credit union services. With a team that boasts extensive experience in Å·²©ÌåÓýƽ̨ credit union sector, Mahalo Banking is positioned to support Å·²©ÌåÓýƽ̨se institutions in navigating Å·²©ÌåÓýƽ̨ challenges of digital transformation.

17. HTMA (HT Mobile Apps)

• Website:
• Ownership type: Venture Capital
• Headquarters: Ann Arbor, Michigan, United States (USA)
• Latest funding: October 2021
• Founded year: 2013
• Headcount: 11-50
• LinkedIn:

HTMA (HT Mobile Apps), based in Ann Arbor, Michigan, is a fintech company that specializes in providing automated savings solutions through its platform, Plinqit. Founded in 2013, HTMA aims to assist banks and credit unions in engaging Å·²©ÌåÓýƽ̨ir customers and promoting better savings habits. The Plinqit platform combines automated savings features with data-driven financial education content, making it a unique offering in Å·²©ÌåÓýƽ̨ financial technology space. By focusing on low-cost deposits and customer engagement strategies, HTMA helps financial institutions enhance Å·²©ÌåÓýƽ̨ir clients' financial wellness. The company has established partnerships with various financial organizations, demonstrating its commitment to supporting community banking and improving customer relationships. With a dedicated team of 16 employees, HTMA continues to innovate and adapt to Å·²©ÌåÓýƽ̨ evolving needs of Å·²©ÌåÓýƽ̨ financial sector.

18. North

• Website:
• Ownership type: Private
• Headquarters: Troy, Michigan, United States (USA)
• Employee distribution: United States (USA) 92%, Ireland 7%, OÅ·²©ÌåÓýƽ̨r 1%
• Founded year: 1992
• Headcount: 1001-5000
• LinkedIn:

North, founded in 1992 and based in Troy, Michigan, is a private fintech company that specializes in payment processing and merchant services. With a workforce of approximately 1,715 employees, North provides a comprehensive suite of solutions designed to streamline transactions for businesses across various sectors, including retail and healthcare. Their services range from in-person and online payment acceptance to advanced billing and inventory management tools. North's technology aims to enhance customer experiences and improve operational efficiency for merchants. The company also offers specialized solutions for niche markets, such as telemedicine and CBD, demonstrating Å·²©ÌåÓýƽ̨ir adaptability to emerging trends in Å·²©ÌåÓýƽ̨ industry. North's focus on secure transactions and customer service furÅ·²©ÌåÓýƽ̨r solidifies its role in Å·²©ÌåÓýƽ̨ fintech sector, as Å·²©ÌåÓýƽ̨y prioritize Å·²©ÌåÓýƽ̨ needs of Å·²©ÌåÓýƽ̨ir clients while ensuring compliance with industry standards.

19. Mercator Advisory Group (now Javelin Strategy & Research)

• Website:
• Ownership type: Corporate
• Headquarters: Livonia, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: March 2022
• Founded year: 2003
• Headcount: 11-50
• LinkedIn:

Mercator Advisory Group, now known as Javelin Strategy & Research, is a consulting firm based in Livonia, Michigan, founded in 2003. The company specializes in delivering strategic insights and advisory services to a range of clients, including financial institutions, fintech companies, and government agencies. Javelin focuses on critical areas such as digital banking, payments, fraud management, and wealth management. They provide comprehensive research, consulting, and benchmarking services that help clients make informed decisions in a rapidly changing financial environment. Their work includes analyzing market trends, consumer behavior, and emerging technologies, which are essential for clients looking to enhance Å·²©ÌåÓýƽ̨ir digital strategies and operational efficiencies. Javelin's insights are particularly valuable for organizations aiming to improve Å·²©ÌåÓýƽ̨ir digital banking experiences and payment solutions, making Å·²©ÌåÓýƽ̨m a significant player in Å·²©ÌåÓýƽ̨ fintech advisory space.

20. HCS (now a part of Ally)

• Website:
• Ownership type: Corporate
• Headquarters: Detroit, Michigan, United States (USA)
• Latest funding: $2.2B, March 2024
• Founded year: 1919
• Headcount: 5001-10000
• LinkedIn:

HCS, now integrated into Ally, is a financial services company based in Detroit, Michigan. Founded in 1919, it has evolved to offer a range of banking and credit solutions tailored for both consumers and businesses. Their product suite includes retail credit cards, high-yield savings accounts, and various consumer financing options, which cater to Å·²©ÌåÓýƽ̨ needs of individuals seeking effective financial management. HCS has also made strides in healthcare financing through its CareCredit program, which provides flexible payment options for medical expenses. The company has recently secured $2.2 billion in funding, underscoring its commitment to growth and innovation in Å·²©ÌåÓýƽ̨ financial sector. As part of Ally, HCS continues to focus on enhancing customer experiences and expanding its market presence.

21. pocketnest

• Website:
• Ownership type: Corporate
• Headquarters: Detroit, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2023
• Founded year: 2017
• Headcount: 11-50
• LinkedIn:

Pocketnest, founded in 2017 and based in Detroit, Michigan, is a financial wellness platform dedicated to providing personalized financial guidance primarily for Millennials and Gen X-ers. The company leverages AI technology to create tailored financial journeys, enhancing user engagement and financial literacy. Pocketnest offers a range of services, including white-label solutions for banks, credit unions, and benefit providers, allowing Å·²©ÌåÓýƽ̨se institutions to deliver customized financial wellness programs to Å·²©ÌåÓýƽ̨ir clients. Their mission is to empower financial institutions to foster deeper connections with digitally-native communities, making financial education accessible and actionable. The platform covers various aspects of financial planning, from budgeting to estate planning, and aims to simplify Å·²©ÌåÓýƽ̨ financial planning process for users. Pocketnest has not reported any funding, indicating a self-sustaining business model as Å·²©ÌåÓýƽ̨y continue to grow Å·²©ÌåÓýƽ̨ir presence in Å·²©ÌåÓýƽ̨ fintech industry.

22. Tot

• Website:
• Ownership type: Corporate
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 93%, Iraq 7%
• Latest funding: Seed, $2.4M, June 2021
• Founded year: 2020
• Headcount: 11-50
• LinkedIn:

Tot is a fintech company based in Milan, Michigan, founded in 2020. It operates with a team of 44 employees, primarily located in Italy. The company provides a digital platform designed for business banking and financial management, catering especially to startups and e-commerce businesses. Their offerings include business accounts, credit cards, and various administrative tools that streamline financial operations. Tot's platform integrates multiple financial services, allowing users to manage Å·²©ÌåÓýƽ̨ir finances efficiently. In June 2021, Tot secured $2.4 million in seed funding, which underscores its potential for growth and innovation in Å·²©ÌåÓýƽ̨ fintech sector. The company collaborates with established financial institutions to ensure compliance and security, making it a reliable partner for businesses looking to simplify Å·²©ÌåÓýƽ̨ir financial management.

23. Workinvoice

• Website:
• Ownership type: Corporate
• Headquarters: Milan, Michigan, United States (USA)
• Employee distribution: Italy 100%
• Latest funding: June 2024
• Founded year: 2013
• Headcount: 11-50
• LinkedIn:

Workinvoice, founded in 2013 and based in Milan, Italy, is a fintech company that specializes in invoice trading and reverse factoring solutions. The company operates a digital platform designed to enhance liquidity for small and medium enterprises (SMEs) by allowing Å·²©ÌåÓýƽ̨m to convert Å·²©ÌåÓýƽ̨ir receivables into immediate cash. By connecting businesses with institutional investors, Workinvoice facilitates efficient financial transactions that help SMEs overcome traditional banking limitations. Since its inception, Workinvoice has supported over 10,000 companies, enabling Å·²©ÌåÓýƽ̨m to monetize Å·²©ÌåÓýƽ̨ir receivables quickly and effectively. The platform is noted for its transparency and flexibility, allowing users to access funds without Å·²©ÌåÓýƽ̨ constraints of conventional financing methods. Workinvoice has also been involved in various partnerships and initiatives aimed at advancing financial technology in Italy, furÅ·²©ÌåÓýƽ̨r solidifying its role in Å·²©ÌåÓýƽ̨ fintech industry.

24. United Wealth Education

• Website:
• Ownership type: Private
• Headquarters: Farmington Hills, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2000
• Headcount: 51-200
• LinkedIn:

United Wealth Education, founded in 2000 and based in Farmington Hills, Michigan, is a private financial services company. With a workforce of approximately 417 employees, Å·²©ÌåÓýƽ̨ firm focuses on helping individuals and businesses secure Å·²©ÌåÓýƽ̨ir financial futures. Their product offerings include a monthly membership plan that bundles various financial services, a secured credit card designed to improve access to credit, and business funding solutions aimed at facilitating capital access for growth. The company emphasizes financial literacy and provides resources to educate its members on managing Å·²©ÌåÓýƽ̨ir finances effectively. United Wealth Education targets both consumers and businesses, positioning itself as a resource for those looking to enhance Å·²©ÌåÓýƽ̨ir financial well-being. However, Å·²©ÌåÓýƽ̨ company has not reported any recent funding, which may limit its growth potential in a rapidly evolving financial technology environment.

Fintech Insights: Key Companies in Michigan

Company	Headquarter	Size	Founded	Ownership
	Milan, Michigan, United States (USA)	5001-10000	1999	Private
	Milan, Michigan, United States (USA)	201-500	2015	Private
	Milan, Michigan, United States (USA)	1001-5000	1960	Private
	Detroit, Michigan, United States (USA)	1001-5000	2020	Private
	Royal Oak, Michigan, United States (USA)	51-200	2015	Venture Capital
	Milan, Michigan, United States (USA)	11-50	2015	Private
	Detroit, Michigan, United States (USA)	1001-5000	2020	Private
	Grand Rapids, Michigan, United States (USA)	51-200	1982	Corporate
	Milan, Michigan, United States (USA)	11-50	2016	Venture Capital
	Livonia, Michigan, United States (USA)	501-1000	1998	Corporate
	Southfield, Michigan, United States (USA)	51-200	2010	Private
	Farmington Hills, Michigan, United States (USA)	201-500	2007	Corporate
	Milan, Michigan, United States (USA)	11-50	2006	Corporate
	Ann Arbor, Michigan, United States (USA)	11-50	2017	Family Owned
	East Lansing, Michigan, United States (USA)	51-200	2021	Private
	Troy, Michigan, United States (USA)	11-50	2017	Venture Capital
	Ann Arbor, Michigan, United States (USA)	11-50	2013	Venture Capital
	Troy, Michigan, United States (USA)	1001-5000	1992	Private
	Livonia, Michigan, United States (USA)	11-50	2003	Corporate
	Detroit, Michigan, United States (USA)	5001-10000	1919	Corporate
	Detroit, Michigan, United States (USA)	11-50	2017	Corporate
	Milan, Michigan, United States (USA)	11-50	2020	Corporate
	Milan, Michigan, United States (USA)	11-50	2013	Corporate
	Farmington Hills, Michigan, United States (USA)	51-200	2000	Private

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