You are probably thinking of all the other effective ways you can effectively manage your finance, especially if you do not have the proper personal financial knowledge to make it work.
Personal finance companies have been put in place to ensure not just that your finances are properly managed but that you know the importance of having personal finance knowledge.
Are you wondering what the top personal finance companies of 2023 are? I have highlighted what these companies are, where they are located, and their links.
They would ensure they help you to manage your finance properly and see that you can get help whenever you need.
Table of contents
- What is a Personal Finance Company?
- Do I need a Personal Finance Company?
- Top 20 Personal Finance Companies in 2023
- Frequently Asked Questions on Top Personal Finance Companies Of 2023
What is a Personal Finance Company?
A personal finance company is any company that has been set up to help you manage your finances, allow you to borrow money, and also manage your businesses. Their revenues are generated through the money you pay for the services they have offered you.
One of the most important functions of a personal finance company is not just to manage your funds, but also to make loans available to you.
Personal finance companies ensure that a rigorous process is gone through before they hire anyone that claims to have knowledge of personal finance.
They also make loans available to you by taking from the Federal Reserve System and commercial banks at a low interest rate and lending it at a higher interest rate.
As such, the interest rates charged by finance companies are higher than the interest rates charged by banks. Personal finance companies understand the importance of money and ensure that your money is in great hands.
A personal finance company would take up the responsibility of ensuring that you have funds available for emergency purposes and that your money is well invested in a safe place.
Capital can also be provided to you to start your dream business but for it to be given, they would ensure to calculate properly to see if you can pay off the debts soon.
They understand that long-term debts can mess with your finances and as such, they are very careful while handling this.
Read: The Best Personal Finance Blogs: Updated for 2023
Do I need a Personal Finance Company?
There are several reasons why you should consider having a personal finance company come to your aid about your personal finances.
Some of these reasons are-
1. Having a personal finance company ensures that you meet money and security needs. They would help you think more about how to make more money instead of spending more money than you are earning.
2. A personal finance company would help you gauge your budgeting, saving, and spending. It is important to have a budget to ensure you spend accordingly, a savings pattern to save you in times of emergency so you don’t go taking loans and in your spending too. A personal finance company ensures that your money is well spent.
3. A personal finance company would ensure you grow your assets steadily. Many people want to own assets, rather than ask for them from others, as a form of financial cushion. But several assets come with some liabilities attached. A personal finance company understands your finances and can determine the real value of a particular asset as well as the know-how to settle or cancel liabilities.
4. A personal finance company would ensure you stay away from unmanageable debts. They ensure you avoid Overspending and live well into your budget.
Top 20 Personal Finance Companies in 2023
Founded in 2014, Revolut is a private company in the United Kingdom that provides you with services you wouldn’t find anywhere else. With Revolut, your whole financial life is at your fingertips.
It offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing “vaults”, commission-free stock trading, crypto, commodities, and other services.
It is the best financial company to help manage your finances better.
#2. Gusto (fkaZenPayroll)
ZenPayroll is modern online payroll software, built for small businesses and developed with the mission of making payroll simple and delightful. Gusto develops web-based payroll solutions for small- and medium-sized businesses.
It operates an online platform that provides payroll, benefits, human resources, and integration services for employers and employees in the United States.
With Gusto managing your finances, you would have more control of your money. They are mostly online so you can even get their services from the comfort of your home.
Read: Wealthbar Vs Wealthsimple Review 2023: Best Personal Finance Site
#3. Circle Internet Financial
Circle is a digital currency company founded in 2013, with its front goal being to help you manage your personal finances better. Its main product was an app called Circle Pay that enabled instant and free money transfers between individuals.
Circle is mostly big on giving financial advice and ensuring you invest your money wisely. It is one of the best personal finance companies.
#4. Starling Bank
Starling Bank is a digital challenger bank based in the United Kingdom, which focuses on current and business account products.
It is a bank that does not look like a bank because they offer services that your traditional banks do not offer. Starling Bank also offers services to ensure that your personal finances are well managed.
They also have mobile services beyond anything you’ve ever experienced. They make managing your finances effortless and empowering.
#5. EVEN Financial
Founded in 2015, Even Financial is a B2B2C fintech company that is transforming the way financial institutions find and connect with consumers. The goal is to transform the way financial institutions find and connect with you in a way no other financial company has while ensuring that you enjoy the superb user experience you deserve and expect.
They ensure you stay out of debt and that you invest and plan your money accordingly.
TrueLayer is the leading technology company providing secure, global access to financial infrastructure. You can manage your personal finances very easily with them.
They have easily integrated next-generation payments and financial data into any app and built powerful products for your finances that you would absolutely love.
TrueLayer has a gateway for approved applications to connect to financial institutions, such as your regular high-street bank.
Digit is a journey aimed at refreshing the interactions between humans and their money. Bad financial habits create unnecessary hardship that derails us from living our life to the fullest.
With Digit guiding your money goals, you would reach them faster than you even anticipated. Digit also uses machine learning and financial best practices to calculate how much you should save and invest each day, according to your earnings.
Read: What Is A Small Business Loan Broker?
Jeeves is a fintech that brings financial solutions to empower businesses globally. Jeeves is building international fintech infrastructure from scratch; this includes a global switching layer across countries and the ability to run all the company spends.
It mostly handles the finances of companies but also has a small sphere for handling personal finances. They charge high, but you can rest assured that you’ll get value for your money.
#9. Cleo AI
Cleo offers the best services for your personal finance. It ensures you save like it’s your side hustle and that you constantly find things to invest your money in.
At Cleo, the mission is to radically improve everyone’s relationship with money. You can also get these services online from their website. The chatbot allows you to interact with your finances. Cleo can’t move your cash.
They can just see it and constantly send you reminders on how best to manage your personal finance.
SmartAsset makes life’s biggest decisions easier by bringing full transparency to the financial decision-making process.
They have award-winning tools, calculators, and content are created by personal finance experts and serve more than 45 million people each month.
When choosing a financial advisor, you want to pick carefully. The right advisor can be instrumental in helping you determine and achieve your financial goals and prepare for retirement.
They have created a financial advisor directory and helpful resources you can use in your search for the perfect advisor for you.
Investing is one of the best ways to grow your savings over the long term. With Freetrade, you can be sure that this is made simple for you. There are transparent with their fees and charges.
With Freetrade, you can choose from a wide range, covering different sectors and markets worldwide. You can also choose from thousands of stocks from the London Stock Exchange, NYSE, and NASDAQ.
If you are looking for better investments to better your personal finances, check out Freetrade.
Chime is a financial technology company founded on the premise that basic banking services should be helpful, easy, and free.
The Save When You Spend feature on Chime allows you to save small amounts when you make purchases.
Whenever you use your Chime debit card, Chime rounds the transaction up to the nearest dollar and transfers the difference to your Savings Account. If you have poor saving habits, Chime is the best bet for you.
Read: What Does It Mean To Finance A Car | Is It Worth It | Expert Guide
#13. Greenlight Financial
Founded in 2014, Greenlight Financial Technology is an Atlanta-based fintech company that’s committed to empowering parents to raise smart children that spend better.
Greenlight celebrates smart money management by rewarding kids with up to 1% Cash Back and 2% on their savings balances. This financial institution would help your children to save better and grow their personal finance knowledge.
Acorns is an American financial technology and financial services company based in Irvine, California that specializes in micro-investing and robo-investing.
It is the first company to offer micro-investing to the world. The proprietary financial engine allows customers to round up spare change from everyday purchases and invest these sub-dollar amounts into a professionally managed portfolio of an index.
#15. Money Lion
MoneyLion is a five-year-old private fintech company that offers lending, financial advisory, and investment services to consumers.
Founded in 2013, MoneyLion’s target market is 70% of American consumers, a group that has less than $2,000 in savings on average.
MoneyLion is a leading mobile finance platform that empowers consumers to take control of their financial lives through better products for borrowing, saving, and investing.
Frequently Asked Questions on Top Personal Finance Companies Of 2023
Yes. Personal fiancé companies are legit. Ensure they are registered and accredited before venturing into business with them.
Personal finance companies are mostly put in place to help you manage your personal finance better. If you do not have any money to manage, but you need collateral and need a capital, a personal finance company is your go-to person.
If you can manage your finances properly and have no need for loans, you do not need a personal finance company.
In a personal finance company, the rate for borrowing money is way lower than that of the banks.
Yes. Loans are one of the foremost functions of a personal finance company.
These are the top personal finance companies of 2023. While some of them offer services like helping you save to ensure you invest your money properly, they all strive towards giving you a better way to manage and maintain your personal finances.
- Ventureradar.com – Best Personal Finance Companies
- Smallbusiness.chron.com – Top Personal Finance Companies
- Investopedia.com – Personal Finance
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