{"id":2864,"date":"2022-11-24T07:12:56","date_gmt":"2022-11-24T06:12:56","guid":{"rendered":"https:\/\/nicholasidoko.com\/blog\/?p=2864"},"modified":"2024-08-02T08:35:45","modified_gmt":"2024-08-02T07:35:45","slug":"8-tech-startups-to-watch-out-for","status":"publish","type":"post","link":"https:\/\/nicholasidoko.com\/blog\/8-tech-startups-to-watch-out-for\/","title":{"rendered":"8 Tech Startups to Watch Out For"},"content":{"rendered":"\n

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 businesses and tech startups. <\/p>\n\n\n\n

With all these companies forming, household names may be gaining a foothold in the future as we speak.<\/p>\n\n\n\n

Many of these companies will take some time to gain momentum.<\/p>\n\n\n\n

But there are already new faces in the tech scene worth watching in the coming year.<\/p>\n\n\n\n

As technology evolves and is applied across industries, Technology Magazine features the world’s top tech startups.<\/p>\n\n\n\n

The tech startup sector is full of companies capitalizing on the growing demand for digital tools. <\/p>\n\n\n\n

According to Gartner’s latest forecast, global IT spending is expected to hit $4.5 trillion in 2022, up 3% from 2021. <\/p>\n\n\n\n

In an ever-evolving industry, technology start-ups can keep up with change by bringing new products and services to market at breakneck speed. <\/p>\n\n\n\n

Here are 8 of the best tech startups in the fields of fintech, and more.<\/p>\n\n\n\n

1. SoLo Fund <\/strong><\/h3>\n\n\n\n

It’s no secret that the course of the pandemic has left many people in America (and around the world) at a significant disadvantage. <\/p>\n\n\n\n

Added to this is the general lack of financial literacy in the US population.<\/p>\n\n\n\n

For example, only 57% of us are considered financially literate, contributing a significant percentage to the cycle of poverty.<\/p>\n\n\n\n

Founded by Travis Holoway and Rodney Williams, SoLo <\/a>seeks to break this vicious circle. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

In a nutshell, it’s like Uber or Airbnb, but you need money instead of a rental car or an apartment. <\/p>\n\n\n\n

Those who are financially in need can post requests, and those who have the necessary funds can accept requests and set their terms.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

Looking for incredible tech startups? <\/p>\n\n\n\n

You found one.<\/p>\n\n\n\n

Read: What are the Top Funding Options for Startup Ventures?<\/a><\/p>\n\n\n\n

\"8<\/figure>\n\n\n\n
<\/div>\n\n\n\n

2. Jeenie<\/strong><\/h3>\n\n\n\n

We can not mention tech startups to look out for and not have Jeenie. <\/p>\n\n\n\n

No matter how advanced we are as a society, language barriers can still be obstacles that stall conversations before they start. <\/p>\n\n\n\n

Jeenie solves this problem by providing an on-demand interpreter. I’m trying<\/p>\n\n\n\n

Founded by Kirsten Brecht Baker, Jeenie’s mission is to enable people to communicate spontaneously without looking up a dictionary. <\/p>\n\n\n\n

The Jeenie app hosts a variety of certified translators who speak multiple languages and can be summoned by phone (like a genie) when needed.<\/p>\n\n\n\n

Because these calls are made in real time, Jeenie <\/a>charges a time-based rate, which she sets at $1 per minute. <\/p>\n\n\n\n

This is fairly affordable, as it allows you to communicate clearly with people who might otherwise have problems. <\/p>\n\n\n\n

It might be an easy part-time job for someone with a multilingual upbringing. <\/p>\n\n\n\n

Jeenie translators earn between $30 and $60 per hour, depending on the rarity and proficiency of the language they speak.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

And it’s not just spoken language. <\/p>\n\n\n\n

Genie covers sign language, provides medical consultations with certified medical interpreters, and more. <\/p>\n\n\n\n

Rest assured, as Jeenie expands, more languages and services will be added to its repertoire.<\/p>\n\n\n\n

Read: Tech Platforms for Startup Growth: Must-Have in 2024<\/a><\/p>\n\n\n\n

3. Onward Delivery<\/strong><\/h3>\n\n\n\n

Delivery is a more profitable business opportunity than ever before. <\/p>\n\n\n\n

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). <\/p>\n\n\n\n

And now we are used to it.<\/p>\n\n\n\n

Founded by Grafton Elliot, Onward Delivery aims to capitalize on the growing demand for delivered goods and make the industry more affordable and sustainable. <\/p>\n\n\n\n

Simply put, Onward <\/a>optimizes each delivery route by matching deliveries with existing truck slots. <\/p>\n\n\n\n

For example, Joe’s Flowers, Jim’s Fridges, and Josh’s Farms all require delivery to nearby areas. <\/p>\n\n\n\n

Assuming there is enough space in the truck, all three companies can combine their inventory into a single shipment. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Shipping has always been a huge industry, but during the pandemic, society has adapted more than ever, and the industry will likely continue this momentum. <\/p>\n\n\n\n

Companies that can disrupt shipping in some way have great potential to become big players if they play their cards correctly.<\/p>\n\n\n\n

Read: Software Solutions for Startup Scalability: Innovative Options<\/a><\/p>\n\n\n\n

4. Griffin<\/strong><\/h3>\n\n\n\n

Investing in stocks is a great idea for everyone and it’s never too early to start. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Investing app Griffin aims to make investing easier with the slogan “the new way to invest. <\/p>\n\n\n\n

Griffin’s model is simple.<\/p>\n\n\n\n

Every time a user buys a product from a company, one dollar of money is invested in that business. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

If they say he spends $23.95 on Chipotle, in total, he spends $24.95. <\/p>\n\n\n\n

In terms of business model, Griffin doesn’t rely on monthly fees from customers. <\/p>\n\n\n\n

Instead, it relies entirely on its investors to meet its objectives.<\/p>\n\n\n\n

Since its GME\/AMC investment boom in 2021, investment in utilities has reached an all-time high. <\/p>\n\n\n\n

We could see companies like Griffin <\/a>grow significantly in the years to come as investing moves to the forefront of the social conversation.<\/p>\n\n\n\n

Read: How to Invest in Startups: A Guide for Beginners<\/a><\/p>\n\n\n\n

5. The Beans<\/strong><\/h3>\n\n\n\n

Caregivers were among those who were hardest hit during the global pandemic. <\/p>\n\n\n\n

Social workers, nurses, and teachers were all forced to work in harsh conditions while being overworked and underpaid.<\/p>\n\n\n\n

The Beans, a fintech startup founded by Melissa Pancoast, offers a financial management app that puts every dollar to good use. <\/p>\n\n\n\n

It is intended to support people who are potentially left underpaid or struggling to make ends meet.<\/p>\n\n\n\n

Beans offer two levels of functionality. <\/p>\n\n\n\n

The first is a free tier that allows users to connect their bank accounts to the app securely. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The Beans<\/a> paid tier is $30 per year. <\/p>\n\n\n\n

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. <\/p>\n\n\n\n

Prices in this tier are set at $500. <\/p>\n\n\n\n

This means it’s still a pretty solid deal for the revenue you might see.<\/p>\n\n\n\n

In 2022, Beans increased both its value and brand reputation, raised millions of dollars, hosted financial literacy workshops in the Atlanta area, and expanded outward over time. <\/p>\n\n\n\n

Other tech startups should watch out.<\/p>\n\n\n\n

6. re:3D<\/strong><\/h3>\n\n\n\n

There was a time in the mid-2010s when 3D printing seemed to be the next step in the technological revolution. <\/p>\n\n\n\n

However, entry into the world of industrial 3D printing has been prohibitively expensive, which has prevented us from realizing its full potential.<\/p>\n\n\n\n

Matthew Fiedler and Samantha Snabes founded re:3D. <\/p>\n\n\n\n

Their aim? <\/p>\n\n\n\n

They ultimately want to push the limits of what is possible. <\/p>\n\n\n\n

By making 3D printing more accessible, it aims to “reduce costs and reduce barriers to 3D printing.” <\/p>\n\n\n\n

Affordable 3D printing could be key to helping poor communities build needed infrastructure like wind turbines and housing.<\/p>\n\n\n\n

Their business model is very simple. <\/p>\n\n\n\n

They sell 3D printers, but not at the exorbitant prices they once were known for. <\/p>\n\n\n\n

The company’s flagship, the Gigabot printer, claims to match the print quality of other industrial printers at 1\/10th the cost.<\/p>\n\n\n\n

As 3D printing becomes more profitable. <\/p>\n\n\n\n

The things happening in re:3D<\/a> may make it the leading 3D printing revolution in the coming years.<\/p>\n\n\n\n

7. Fin Mark<\/strong><\/h3>\n\n\n\n

A startup for a startup! <\/p>\n\n\n\n

More companies gaining a foothold means more questions about business growth and how to manage it.<\/p>\n\n\n\n

Enter FinMark <\/a>(founded by Rami Essaid). <\/p>\n\n\n\n

It is a financial tool that helps companies manage their finances during their start-up. <\/p>\n\n\n\n

This is one of the most volatile periods of his corporate life. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

FinMark’s business model is based on user revenue. <\/p>\n\n\n\n

For example, a small company with monthly sales of $10\u201320,000 can only spend $25 per month on FinMark products. <\/p>\n\n\n\n

While a company with more than $1 million in sales can spend $2,500 per month on FinMark products.<\/p>\n\n\n\n

A tech startup for other tech startups, secretly one of our favorites.<\/p>\n\n\n\n

With the business boom in full swing, 2022 could be the best year for his FinMark.<\/p>\n\n\n\n

\"8<\/figure>\n\n\n\n
<\/div>\n\n\n\n

8. Confluera<\/strong><\/h3>\n\n\n\n

Confluera <\/a>is a leading provider of next-generation Cloud eXtended Detection and Response (CxDR) solutions. <\/p>\n\n\n\n

It provides real-time, infrastructure-wide tracking and response of the cyber kill chain by leveraging the \u201cContinuous Attack Graph\u201d to stop and remediate cyber threats in real time.<\/p>\n\n\n\n

The company’s technology automates cyber-attack analysis and increases the efficiency of small and large security teams. <\/p>\n\n\n\n

This tech startup is helping other tech startups to have cybersecurity.<\/p>\n\n\n\n

Before You Go\u2026<\/strong><\/h3>\n\n\n\n

Hey, thank you for reading this blog post to the end. I hope it was helpful. Let me tell you a little bit about Nicholas Idoko Technologies<\/a>.<\/p>\n\n\n\n

We help businesses and companies build an online presence by developing web, mobile, desktop, and blockchain applications.<\/p>\n\n\n\n

We also help aspiring software developers and programmers learn the skills they need to have a successful career.<\/p>\n\n\n\n

Take your first step to becoming a programming expert by joining our Learn To Code<\/a> academy today!<\/p>\n\n\n\n

Be sure to contact us<\/a> if you need more information or have any questions! We are readily available.<\/p>\n","protected":false},"excerpt":{"rendered":"Well, it’s been another year, and while we’re still recovering from the many world hiccups, it’s brought in…","protected":false},"author":7,"featured_media":17701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"Tech startups","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"Some of these tech startups are a huge force and they are looking to solve the problem they found and they are worth watching out for. 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