8 Tech Startups to Watch Out For

Last Updated on May 19, 2023

Well, it’s been another year, and while we’re still recovering from the many world hiccups. It’s brought in a record number of small business startups. With all these companies forming, household names in the future may be gaining a foothold as we speak.

Many of these companies will take some time to gain momentum, but there are already new faces in the tech scene worth keeping an eye on over in the coming year.

As technology evolves and is applied across industries, Technology Magazine features the world’s top tech startups.

The tech startup sector is full of companies capitalizing on the growing demand for digital tools. According to Gartner’s latest forecast, global IT spending is expected to hit $4.5 trillion in 2022, up 3% from 2021. In an ever-evolving industry, technology start-ups can keep up with change by bringing new products and services to market at breakneck speed. Here are 8 of the best tech startups in the fields of fintech, and more.

1. SoLo Fund

It’s no secret that the course of the pandemic has left many people in America (and around the world) at a significant disadvantage. Added to this is the general lack of financial literacy in the US population (only 57% of us are considered financially literate), contributing a significant percentage to the cycle of poverty.

Founded by Travis Holoway and Rodney Williams, SoLo seeks to break this vicious circle. By allowing people to use their idle capital as loans to the underprivileged, SoLo acts as an intermediary between those who need the money and those willing to lend it.

In a nutshell, it’s like Uber or Airbnb, but you need money instead of a rental car or an apartment. Those who are financially in need can post requests, and those who have the necessary funds can accept requests and set their terms.

With so many people in dire financial straits right now and traditional banks setting very strict standards for who can qualify for a loan, SoLo has given people what they need to get back on their feet. Looking for incredible tech startups? you found one

2. Jeenie

We can not mention tech startups to look out for and not have jeenie. No matter how advanced we are as a society, language barriers can still be obstacles that stall conversations before they start. Jeenie solves this problem by providing an on-demand interpreter. I’m trying

Founded by Kirsten Brecht Baker, Jeenie’s mission is to enable people to communicate spontaneously without looking up a dictionary. The Jeenie app hosts a variety of certified translators who speak multiple languages and can be summoned by phone (like a genie) when needed.

Because these calls are made in real-time, Jeenie charges a time-based rate, which she sets at $1 per minute. This is fairly affordable, as it allows you to communicate clearly with people who might otherwise have problems. It might be an easy part-time job for someone with a multilingual upbringing. Jeenie translators earn between $30 and $60 per hour, depending on the rarity and proficiency of the language they speak.

Jeenie boasts of finding the right translator in less than a minute, covering over 250 languages, and being available on desktop and mobile devices, including directly via Zoom. And it’s not just spoken language. Genie covers sign language, provides medical consultations with certified medical interpreters, and more. Rest assured, as Jeenie expands, more languages and services will be added to its repertoire.

Read: What are the Top Funding Options for Startup Ventures?

3. Onward Delivery

Delivery is a more profitable business opportunity than ever before. Government and health guidelines have forced us to stay home and order and ship what we need to survive (either the pandemic or our boredom). And now we are used to it.

Founded by Grafton Elliot, Onward Delivery aims to capitalize on the growing demand for delivered goods and make the industry more affordable and sustainable. Simply put, Onward optimizes each delivery route by matching deliveries with existing truck slots. For example, Joe’s Flowers, Jim’s Fridges, and Josh’s Farms all require delivery to nearby areas. Assuming there is enough space in the truck, all three companies can combine their inventory into a single shipment. That means everyone saves money, the roads are cleaner, and customers save money too because they don’t have to bear the hefty delivery costs.

Shipping has always been a huge industry, but during the pandemic, society has adapted more than ever, and it is very likely that the industry will continue this momentum. Companies that can disrupt shipping in some way have great potential to become big players if they play their cards correctly.

4. Griffin

Investing in stocks is a great idea for everyone and it’s never too early to start. But the world of investing can be daunting, leading many to make sense of dividends, stock options, and a host of other terms that seem incomprehensible, to begin with.

Investing app Griffin aims to make investing easier with the slogan “the new way to invest. 

Griffin’s model is simple.

Every time a user buys a product from a company, one dollar of money is invested in that business. For example, if a user spends $3.95 on Starbucks, then $1 of that money goes into Starbucks stock, and in total, he spends $4.95. If they say he spends $23.95 on Chipotle, in total he spends $24.95. In terms of business model, Griffin doesn’t rely on monthly fees from customers. Instead, it relies entirely on its investors to meet its objectives.

Since its GME/AMC investment boom in 2021, investment in utilities has reached an all-time high. We could see companies like Griffin grow significantly in the years to come as investing moves to the forefront of the social conversation.

5. The Beans

Caregivers were among those who were hardest hit during the global pandemic. Social workers, nurses, and teachers were all forced to work in harsh conditions while being overworked and underpaid.

The Beans, a fintech startup founded by Melissa Pancoast, offers a financial management app that puts every dollar to good use. It is intended to support people with potentially leaving people underpaid or struggling to make ends meet.

Beans offer two levels of functionality. The first is a free tier that allows users to securely connect their bank accounts to the app. The app then tracks transactions to find trends and patterns that customers can use to create financial plans that fit their lives and priorities and avoid unnecessary spending.

The Beans paid tier is $30 per year. This tier adds data visualization options on top of everything else, allowing users to look behind the numbers on the page and see the actual financial percentages. Prices in this tier are set at $500. This means it’s still a pretty solid deal for the revenue you might see.

In 2022, Beans increased both its value and brand reputation, raise millions of dollars, host financial literacy workshops in the Atlanta area, and expand outward over time. Other tech startups should definitely watch out.

6. re:3D

There was a time in the mid-2010s when 3D printing seemed to be the next step in the technological revolution. However, entry into the world of industrial 3D printing has been prohibitively expensive, which has prevented us from realizing its full potential.

re:3D was founded by Matthew Fiedler and Samantha Snabes. Their aim? they ultimately want to push the limits of what is possible. By making 3D printing more accessible, it aims to “reduce costs and reduce barriers to 3D printing.” Affordable 3D printing could be key to helping poor communities build needed infrastructure like wind turbines and housing.

Their business model is very simple. They sell 3D printers, but not at the exorbitant prices they once were known for. The company’s flagship, the Gigabot printer, claims to match the print quality of other industrial printers at 1/10th the cost.

As 3D printing becomes more profitable. The things happening in re:3D may make it the leading 3D printing revolution in the coming years.

7. Fin Mark

A startup for a startup! More companies gaining a foothold means more questions about business growth and how to manage it.

Enter FinMark (founded by Rami Essaid). It is a financial tool that helps companies manage their finances during their start-up. This is one of the most volatile periods of his corporate life. A standard spreadsheet works for simple systems, but starting a business can be very complicated, and financial nuances can be lost if the system is not perfect.

FinMark’s business model is based on user revenue. For example, a small company with monthly sales of $10–20,000 can only spend $25 per month on FinMark products. While a company with more than $1 million in sales can spend $2,500 per month on FinMark products. Definitely a tech startup for other tech startups, secretly one of our favorites.

With the business boom in full swing, 2022 could be the best year for his FinMark.

8. Confluera

Confluera is a leading provider of next-generation Cloud eXtended Detection and Response (CxDR) solutions. It provides real-time, infrastructure-wide tracking and response of the cyber kill chain by leveraging the “Continuous Attack Graph” to stop and remediate cyber threats in real-time.

The company’s technology automates cyber-attack analysis and increases the efficiency of small and large security teams. This tech startup is helping other tech startups to have cyber-security.

Before you go…

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