Companies traditionally spend too much time on essential services like banking and expense management, which puts smaller and under-resourced businesses at a disadvantage. Modern financial technology (fintech) is shifting that dynamic. Tools like digital payment gateways, embedded finance, and spend management software↗ help growing organisations control expenses.
This guide explains what fintech is, why it matters for scaling businesses, and how it helps brands streamline operations.
What’s fintech?
Fintech broadly refers to technology that improves and automates financial services. It includes a wide range of tools, including digital wallets↗, online-only banking apps, and spend management software↗.
Many scaling businesses rely on fintech solutions to streamline financial operations. For instance, machine learning and advanced algorithms help companies manage spending and reconcile accounts.
How fintech is changing financial services
Fintech is modernizing the financial services industry, streamlining processes like lending, banking, and accounting while increasing transparency. Automation and artificial intelligence embedded in these platforms handle routine tasks like transaction reconciliation and policy enforcement. This gives business leaders greater control and visibility, helping teams manage finances and make informed decisions across the organisation.
Modern software also gives SMBs access to tools that were once exclusive to larger companies, leveling the playing field. With automated accounting and real-time processing, smaller brands can manage finances efficiently, scale operations, and compete more effectively with established enterprises.
5 main types of fintech solutions
Financial services technology isn’t a one-size-fits-all system. The goal is to customise your suite of fintech tools to suit your organisational needs, customer expectations, and future plans.
Here are five of the most popular and cost-effective fintech examples for scaling companies.
- Fintech banks (neobanks) : Neobanks operate entirely online, setting them apart from traditional institutions with physical locations. Without the overhead of branch networks, these fintech-driven banks can offer faster services at a lower cost. For scaling brands, the right neobank can simplify business finances with multi-user accounts, integrated payments, and real-time expense tracking. Traditional banks may require in-person visits or multiple platforms to access these same capabilities.
- Fintech payments: Digital wallets, B2B payment platforms, and real-time transfer networks have revolutionised business transactions, providing faster and simpler ways to move money. Many of these systems bolster security through tokenisation and biometric authentication. They also often integrate with accounting and spend management software to provide accurate, real-time financial data across platforms.
- Personal financial management (PFM): PFM tools have grown beyond basic budgeting apps into comprehensive financial dashboards. They provide a clear view of company finances with predictive forecasting, custom budgets, and cash flow projections. Using these tools, brands can control costs and growth plans — all without the manual work that spreadsheets demand.
- Fintech lenders: Online lending platforms streamline the borrowing process and improve transparency. Businesses can benefit from automated pre-screening, e-signing, and faster loan disbursement for a smoother experience.
- Embedded finance: Embedded finance involves integrating financial services such as banking, payments, and lending into non-financial platforms. This approach lets businesses handle transactions and manage receipts directly within the tools they already use.
Fintech in action: Examples and use cases
Financial technology provides the necessary infrastructure to power the digital economy throughout Europe and beyond. You can think of it as a finance ecosystem — each service relies on the others to keep everything running smoothly.
To better understand the industry, check out some of the most well-known fintech companies in Europe and around the globe:
- Revolut: Founded in the U.K. in 2015, Revolut is a neobank that provides digital banking services through its mobile app. It supports companies operating internationally with features such as multicurrency accounts, international transfers, and travel perks.
- Stripe: Stripe provides a suite of online payment processing tools that let businesses of all sizes embed financial services directly within their apps and websites. The platform also includes automated tax and compliance solutions.
- Wise: Businesses that send international and multicurrency money transfers often rely on Wise. The platform supports multiuser access, integrates with most modern accounting software, and enables global transfers to digital wallets like Apple Pay and Venmo.
- Checkout.com: Checkout.com is an online payment gateway and processing platform. It integrates with non-financial apps and services to provide secure authentication and payment processing, with built-in fraud detection and risk management.
How Moss exemplifies financial technology for scaling companies
Many finance teams struggle with inefficiencies and bottlenecks, usually due to outdated and disconnected tools. Moss helps address these challenges with an integrated spend management platform that brings corporate cards, invoices, reimbursements, budgets, and payments together in one place for finance teams.
We offer a practical, intuitive solution for expense management↗, spend control↗, and visibility, with approval rules, budgets, and card controls that help teams enforce internal spend policies. Our AI-driven tools work in harmony to support finance controllers and directors by reducing errors and providing advanced financial oversight.
Scale your operations with Moss’ AI-driven features and workflows
Fintech has come a long way in recent years, yet the industry is only beginning to realise its potential. Businesses that adopt advanced technology gain a clear competitive edge by accessing real-time insights and scaling operations more efficiently. In turn, this enables brands to build smarter strategies and offer superior service compared with competitors relying on manual processes.
As a top fintech solution, Moss’ platform integrates with existing systems to automate routine finance tasks and give teams clear visibility into company spending. Moss’ advanced accounting solutions↗ reduce errors, improve efficiency, and support smarter decision-making for growth.
Moss integrates with your finance stack, for example, by exporting card transactions, invoices and reimbursements into accounting systems such as Xero, DATEV, Exact Online and others, or by delivering data via scheduled SFTP exports. Features like Smart Automation, the Pre-Accounting Agent, budgets and real-time payment views reduce manual data entry, help minimise coding errors, and give finance teams clear visibility into company spending.
If you’re ready to take the next step, book a demo↗ with Moss today.
