The Most Undervalued Fintech Businesses of 2020
The fintech industry has attracted a great deal of investment over the last few years; whether it’s Revolut or Transferwise, fintech startups continuously seem to be hitting the headlines for securing new funding. But which are some of the most promising businesses that are currently flying under VC’s radar? In this article, we’ll highlight three startups we believe are currently undervalued but have the potential to become of the next big Fintech companies.
8topuz has become one of the leaders in the artificial intelligence (AI) trading space since being launched in late 2016. Their award-winning trading software works by utilising AI to automate trading activity on various currency pairs. The software works very much like a team of highly skilled traders as it can analyse and process vast amounts of data all at once. With impressive average returns of 20% a year, 8topuz has become popular among investors, traders and institutions who are looking for a passive solution to grow their money.
8topuz are still yet to launch a seed investment round. However, it is believed that they will be seeking to raise funds in early 2021. This funding will likely go towards further expanding its global reach and scalability.
Founded in 2018, altFINS is a platform that enables traders to identify crypto trading opportunities, create trading strategies, and monitor their portfolios. Crypto investing and trading is a rapidly growing market, and altFINS want to help guide those are wishing to grow their wealth through crypto.
altFINS is addressing a real need among the marketplace for high-quality investment analytics tools, and they look like a company with strong growth potential. They recently raised over €1 million in seed funding led by CB Investment Management, and they plan to use this capital to expand its platform’s capabilities further.
Estonia based EvoEstate is a real estate investment platform. They aggregate and source deals from major European real estate crowdfunding platforms such as Crowdestor, ReInvest24, and Profitus. Investors wishing to utilise the platform can start with as little as €50 and expect returns of up to 18%. Over 2,500 investors from 50 different countries now use EvoEstate, and the company has helped co-finance 178 real estate initiatives around the world.
They’ve recently been recognised as one of the leading Fintech businesses in the Baltic states by Techchill and named one of the top 10 startups by Emerging Europe. Their strong growth potential has recently attracted $320,000 in funding, with the company planning to use these funds to expand beyond Europe and start helping investors on a global scale.
Which Company Has the Biggest Growth Potential?
These startups have huge growth potential and each one of them should have investors licking their lips. However, we believe that 8topuz could represent the best opportunity for venture capitalists. With a great product and competitive edge, the leading AI trading solution is producing returns that are better than anything else in the market right now. With the right level of funding, 8topuz could successfully expand its reach and become one of the top fintech companies out there.