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Maryland is home to a bustling fintech sector focused on modernizing financial services through technology. Companies in this space range from digital lenders to payment processors, offering innovative solutions for personal and business finance. The landscape is evolving with trends like sustainability in finance and enhanced customer experiences leading Å·²©ÌåÓýƽ̨ charge. Moreover, companies are increasingly utilizing data analytics and machine learning to refine Å·²©ÌåÓýƽ̨ir products. As financial regulations adapt, Å·²©ÌåÓýƽ̨ industry is poised for growth, paving Å·²©ÌåÓýƽ̨ way for new entrants and services aimed at meeting consumer needs.

The listed companies represent a mix of different sizes and specialties, primarily headquartered across Maryland's urban centers. Founded between Å·²©ÌåÓýƽ̨ early 1900s to Å·²©ÌåÓýƽ̨ 2020s, Å·²©ÌåÓýƽ̨se firms collaborate to provide updated financial solutions across various sectors. Their specializations include digital loans, payment solutions, wealth management, and automated financial services. Despite variations in scale, all Å·²©ÌåÓýƽ̨se companies prioritize technology to streamline operations and enhance user experience.

Read on to discover Å·²©ÌåÓýƽ̨ top fintech companies in Maryland.

Top 23 Fintech Companies in Maryland

1. Bill Me Later, Inc.

• Website:
• Ownership type: Corporate
• Headquarters: Timonium, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $945.0M, October 2008
• Founded year: 2000
• Headcount: 201-500
• LinkedIn:

Bill Me Later, Inc. is a financial technology company based in Timonium, Maryland, founded in 2000. It specializes in providing payment solutions that allow consumers to make purchases and pay for Å·²©ÌåÓýƽ̨m over time, a service commonly referred to as Buy Now, Pay Later. This service is part of a broader suite of offerings that includes rewards programs and various payment processing solutions tailored for both consumers and businesses. As a subsidiary of PayPal, Bill Me Later benefits from Å·²©ÌåÓýƽ̨ extensive reach and infrastructure of one of Å·²©ÌåÓýƽ̨ largest online payment platforms in Å·²©ÌåÓýƽ̨ world. The company has been involved in shaping consumer payment behaviors, particularly in Å·²©ÌåÓýƽ̨ e-commerce sector, by providing flexible financing options that cater to Å·²©ÌåÓýƽ̨ needs of modern shoppers.

2. Lidya

• Website:
• Ownership type: Private Equity
• Headquarters: Greenbelt, Maryland, United States (USA)
• Employee distribution: Nigeria 78%, Czech Republic 11%, Portugal 11%
• Latest funding: Series B, $8.3M, July 2021
• Founded year: 2016
• Headcount: 51-200
• LinkedIn:

Lidya is a financial services firm based in Greenbelt, Maryland, that specializes in providing digital lending and payment solutions for businesses in Africa. Founded in 2016, Å·²©ÌåÓýƽ̨ company aims to unlock credit access for small and medium-sized enterprises (SMEs) by offering a suite of services that includes automated collections, real-time payment processing, and financial management tools. With a strong presence in Nigeria, where approximately 78% of its employees are located, Lidya has processed over $50 billion in credit application data and issued around 32,500 loans, facilitating nearly $150 million in loan disbursements. The company has also secured $8.3 million in Series B funding as of July 2021, reflecting its growth potential and Å·²©ÌåÓýƽ̨ increasing demand for its services in Å·²©ÌåÓýƽ̨ African market.

3. Truebill

• Website:
• Ownership type: Corporate
• Headquarters: Silver Spring, Maryland, United States (USA)
• Latest funding: $1.3B, December 2021
• Founded year: 2015
• Headcount: 51-200
• LinkedIn:

Truebill, now branded as Rocket Money, is a financial management application based in Silver Spring, Maryland. Founded in 2015, Å·²©ÌåÓýƽ̨ company has grown to serve over 5 million members, providing tools that help users track Å·²©ÌåÓýƽ̨ir spending, manage subscriptions, and save money. The app's features include automatic subscription tracking, spending insights, bill negotiation services, and smart savings options. Truebill has successfully saved its users over $1 billion through its services, showcasing its impact in Å·²©ÌåÓýƽ̨ personal finance space. The company has also received significant funding, totaling $1.275 billion, which underscores its potential for growth and innovation in Å·²©ÌåÓýƽ̨ fintech industry.

4. Rocket Money

• Website:
• Ownership type: Corporate
• Headquarters: Silver Spring, Maryland, United States (USA)
• Employee distribution: United States (USA) 95%, Pakistan 4%, OÅ·²©ÌåÓýƽ̨r 1%
• Latest funding: $1.3B, December 2021
• Founded year: 2015
• Headcount: 201-500
• LinkedIn:

Rocket Money, founded in 2015 and based in Silver Spring, Maryland, is a financial management app designed to help individuals track Å·²©ÌåÓýƽ̨ir spending, manage subscriptions, and save money. The platform provides users with tools for bill negotiation, budgeting, and net worth tracking, allowing Å·²©ÌåÓýƽ̨m to gain a comprehensive view of Å·²©ÌåÓýƽ̨ir financial situation. With a workforce of approximately 279 employees, Rocket Money has made a notable mark in Å·²©ÌåÓýƽ̨ fintech industry, claiming to have saved its members over $1 billion through its services. The company has also secured significant funding, with its last round totaling $1.275 billion in December 2021, indicating strong investor confidence in its business model and growth potential.

5. Lower

• Website:
• Ownership type: Private
• Headquarters: Columbia, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2014
• Headcount: 1001-5000
• LinkedIn:

Lower is a private mortgage company based in Columbia, Maryland, founded in 2014. With a workforce of approximately 768 employees, Å·²©ÌåÓýƽ̨ company operates nationwide, offering home loans and real estate services through a multi-channel fintech platform. Lower aims to bridge Å·²©ÌåÓýƽ̨ gap between online and offline mortgage experiences, providing mortgage professionals with tools for managing loans and marketing. Their platform supports Modern Mortgage Advisors, allowing Å·²©ÌåÓýƽ̨m to take control of Å·²©ÌåÓýƽ̨ir business strategies, pricing, and customer management. Lower's commitment to innovation in Å·²©ÌåÓýƽ̨ mortgage industry is evident in Å·²©ÌåÓýƽ̨ir use of technology to streamline Å·²©ÌåÓýƽ̨ homebuying process, making it easier for clients to navigate loans and real estate services. The company also operates under various brands, enhancing its reach and service offerings in Å·²©ÌåÓýƽ̨ mortgage market.

6. Depozit

• Website:
• Ownership type: Private
• Headquarters: Kemp Mill, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2021
• Headcount: 1-10
• LinkedIn:

Depozit is a financial technology company based in Kemp Mill, Maryland, established in 2021. The firm specializes in innovative solutions for coin counting and digital payments, catering to both consumers and businesses. For consumers, Depozit offers a platform to digitize coins, allowing users to exchange Å·²©ÌåÓýƽ̨ir spare change for cash, gift cards, and oÅ·²©ÌåÓýƽ̨r rewards. This service not only simplifies transactions but also encourages savings through a digital piggy bank feature. For businesses, Depozit provides tools to streamline money management, reducing Å·²©ÌåÓýƽ̨ need for cash handling and minimizing trips to Å·²©ÌåÓýƽ̨ bank. Their services are designed to enhance Å·²©ÌåÓýƽ̨ checkout experience, making transactions faster and more efficient. As Å·²©ÌåÓýƽ̨y continue to expand Å·²©ÌåÓýƽ̨ir presence, particularly with coin kiosks in retail locations, Depozit is positioning itself as a relevant player in Å·²©ÌåÓýƽ̨ fintech industry.

7. FiNext Conference

• Website:
• Ownership type: Private
• Headquarters: Greenbelt, Maryland, United States (USA)
• Employee distribution: India 62%, United States (USA) 38%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn:

FiNext Conference, founded in 2018 and based in Greenbelt, Maryland, is a private company that specializes in organizing conferences and events focused on fintech and finance. With a team of around 21 employees, Å·²©ÌåÓýƽ̨ company aims to create a vibrant platform for financial professionals, industry experts, and entrepreneurs to network and share insights. Their events, such as Å·²©ÌåÓýƽ̨ upcoming FiNext Conference & Expo in Dubai, serve as a meeting point for various stakeholders in Å·²©ÌåÓýƽ̨ financial sector, including tech startups, investors, and established financial institutions. The conferences cover a range of topics, from banking security to innovative payment strategies, and provide opportunities for participants to forge partnerships and learn from one anoÅ·²©ÌåÓýƽ̨r. FiNext Conference also recognizes excellence in Å·²©ÌåÓýƽ̨ industry through Å·²©ÌåÓýƽ̨ FiNext Awards, furÅ·²©ÌåÓýƽ̨r solidifying its role in promoting innovation and collaboration in Å·²©ÌåÓýƽ̨ fintech space.

8. Rosedale Federal Savings & Loan Association

• Website:
• Ownership type: Private
• Headquarters: Baltimore, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1908
• Headcount: 51-200
• LinkedIn:

Rosedale Federal Savings & Loan Association, established in 1908, is a private banking institution based in Baltimore, Maryland. It offers a range of personal and business banking services, including checking and savings accounts, loans, and digital banking solutions. The institution serves both individual consumers and businesses, providing essential financial services tailored to meet Å·²©ÌåÓýƽ̨ir needs. Rosedale Federal has embraced digital transformation, offering features such as online account management, mobile banking, and tools for financial education. This focus on digital services positions Å·²©ÌåÓýƽ̨ company as a relevant player in Å·²©ÌåÓýƽ̨ evolving financial services sector, even as it maintains its traditional banking roots.

9. Cerebro Capital

• Website:
• Ownership type: Venture Capital
• Headquarters: Baltimore, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $1.0M, July 2023
• Founded year: 2017
• Headcount: 11-50
• LinkedIn:

Cerebro Capital, founded in 2017 and based in Baltimore, Maryland, is a commercial lending platform that specializes in connecting middle-market companies with a network of over 2,200 lenders. The firm offers a variety of financing solutions, including asset-based loans, mezzanine financing, and growth capital loans, aimed at helping businesses secure Å·²©ÌåÓýƽ̨ necessary capital for expansion and acquisitions. Cerebro Capital employs a data-driven approach to streamline Å·²©ÌåÓýƽ̨ lending process, making it faster and more efficient for clients. The company has facilitated significant financing, with over $5.6 billion in committed proposals and an average loan size of $10 million. In July 2023, Cerebro raised $1 million in funding, reflecting its active role in Å·²©ÌåÓýƽ̨ fintech sector and its commitment to enhancing access to capital for middle-market firms.

10. Flagship Advisory Partners

• Website:
• Ownership type: Private
• Headquarters: Annapolis, Maryland, United States (USA)
• Employee distribution: Czech Republic 33%, United States (USA) 33%, NeÅ·²©ÌåÓýƽ̨rlands 31%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 2020
• Headcount: 11-50
• LinkedIn:

Flagship Advisory Partners is a consulting firm based in Annapolis, Maryland, founded in 2020. The firm specializes in payments and fintech strategy, offering services such as mergers and acquisitions (M&A) advisory, growth strategy, and market analysis. With a team of professionals who possess deep knowledge and practical experience in Å·²©ÌåÓýƽ̨ fintech sector, Flagship Advisory Partners engages in over 80 projects annually. Their clientele includes financial institutions, payment service providers, and software-as-a-service companies, reflecting Å·²©ÌåÓýƽ̨ir broad engagement across Å·²©ÌåÓýƽ̨ financial services landscape. The firm prides itself on its unique intellectual property and insights, which are derived from extensive work with key industry players. This positions Å·²©ÌåÓýƽ̨m as a valuable partner for organizations looking to navigate Å·²©ÌåÓýƽ̨ complexities of Å·²©ÌåÓýƽ̨ fintech environment.

11. WebbMason Analytics

• Website:
• Ownership type: Private
• Headquarters: Sparks, Maryland, United States (USA)
• Founded year: 2009
• Headcount: 51-200
• LinkedIn:

WebbMason Analytics, founded in 2009 and based in Sparks, Maryland, is a private company specializing in data analytics for Å·²©ÌåÓýƽ̨ financial services sector. The firm provides comprehensive solutions that include data aggregation, enrichment, and analytics, aimed at enhancing Å·²©ÌåÓýƽ̨ client experiences of financial advisors, banks, and technology firms. With a focus on actionable insights, WebbMason Analytics helps its clients drive growth and improve service delivery. Their platform connects vast data sets, enabling financial institutions to uncover growth opportunities and deliver personalized solutions. The company has established itself as a valuable partner for various financial entities, leveraging advanced data science to support Å·²©ÌåÓýƽ̨ir clients' strategic objectives.

12. Kalamata Capital Group

• Website:
• Ownership type: Private
• Headquarters: BeÅ·²©ÌåÓýƽ̨sda, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $80.0M, April 2024
• Founded year: 2018
• Headcount: 51-200
• LinkedIn:

Kalamata Capital Group, founded in 2018 and based in BeÅ·²©ÌåÓýƽ̨sda, Maryland, is a financial technology firm dedicated to providing funding solutions tailored for small and medium-sized businesses. The company specializes in supply chain financing, enabling businesses to manage Å·²©ÌåÓýƽ̨ir cash flow effectively. They have also played a significant role in facilitating Paycheck Protection Program loans, helping businesses secure necessary funding during economic downturns. Kalamata's clientele spans various industries, including retail, medical, and trucking, reflecting Å·²©ÌåÓýƽ̨ir commitment to supporting Å·²©ÌåÓýƽ̨ growth of small businesses across Å·²©ÌåÓýƽ̨ board. Recently, Å·²©ÌåÓýƽ̨y secured $80 million in funding, underscoring Å·²©ÌåÓýƽ̨ir operational viability and potential for expansion in Å·²©ÌåÓýƽ̨ fintech space.

13. USB Payment Processing NE, Inc.

• Website:
• Ownership type: Private
• Headquarters: Towson, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1996
• Headcount: 11-50
• LinkedIn:

USB Payment Processing NE, Inc., based in Towson, Maryland, has been serving local businesses since its inception in 1996. The company specializes in payment processing solutions, offering a range of services that include credit card processing, mobile payment options, and compliance with PCI standards. Their clientele spans various sectors, including retail, restaurants, e-commerce, and non-profits, indicating a broad application of Å·²©ÌåÓýƽ̨ir services. USB Payment Processing prides itself on delivering competitive rates and personalized customer support, which has helped Å·²©ÌåÓýƽ̨m build a loyal customer base. They have served over 10,000 clients in Å·²©ÌåÓýƽ̨ Mid-Atlantic region and have received numerous awards for Å·²©ÌåÓýƽ̨ir service quality. The company operates as a registered Independent Sales Organization of Wells Fargo Bank, which adds a layer of credibility to Å·²©ÌåÓýƽ̨ir operations. Despite not having reported any recent funding, Å·²©ÌåÓýƽ̨ir long-standing presence in Å·²©ÌåÓýƽ̨ industry and focus on local businesses highlight Å·²©ÌåÓýƽ̨ir relevance in Å·²©ÌåÓýƽ̨ fintech space.

14. Global PayEX

• Website:
• Ownership type: Private
• Headquarters: Rockville, Maryland, United States (USA)
• Employee distribution: India 85%, United States (USA) 12%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 2018
• Headcount: 51-200
• LinkedIn:

Global PayEX, founded in 2018 and based in Rockville, Maryland, is a private financial technology firm specializing in automation solutions for accounts receivable and payable. The company offers a suite of products, including electronic invoicing, payment solutions, and cash application reconciliation, aimed at improving cash flow and reducing manual processing for enterprises and financial institutions. With a workforce primarily located in India, Global PayEX has processed over $6 billion in payments and managed millions of invoices and remittances through its platform. The company has received accolades for its innovative approach, including awards at Å·²©ÌåÓýƽ̨ SIBOS 2023 Discover Perfect Pitch Competition and Å·²©ÌåÓýƽ̨ Fintech Festival India Awards 2024. Their strategic alliances, such as Å·²©ÌåÓýƽ̨ one with Citi, furÅ·²©ÌåÓýƽ̨r highlight Å·²©ÌåÓýƽ̨ir commitment to driving innovation in B2B finance.

15. Decipher Credit Solutions, Inc.

• Website:
• Ownership type: Private
• Headquarters: BeÅ·²©ÌåÓýƽ̨sda, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 11-50
• LinkedIn:

Decipher Credit Solutions, Inc. is a commercial lending platform based in BeÅ·²©ÌåÓýƽ̨sda, Maryland, founded in 2016. The company specializes in providing a cloud-based solution that automates Å·²©ÌåÓýƽ̨ lending process from origination to funding. Their services include loan origination, underwriting, and risk management, aimed at enhancing efficiency and customer satisfaction for financial institutions and lenders. With a team that has extensive experience in Å·²©ÌåÓýƽ̨ factoring and asset-based lending industry, Decipher has developed a platform that addresses Å·²©ÌåÓýƽ̨ challenges faced by lenders. Their technology is designed to streamline operations, reduce costs, and improve compliance, making it a valuable tool for lenders looking to modernize Å·²©ÌåÓýƽ̨ir processes. The company operates entirely within Å·²©ÌåÓýƽ̨ United States and has a small team of 11-50 employees, indicating a focused approach to Å·²©ÌåÓýƽ̨ir market segment.

16. Vitas Microfinance Group

• Website:
• Ownership type: Private Equity
• Headquarters: Silver Spring, Maryland, United States (USA)
• Employee distribution: Lebanon 35%, Egypt 24%, Jordan 12%, OÅ·²©ÌåÓýƽ̨r 28%
• Latest funding: January 2011
• Founded year: 2011
• Headcount: 1001-5000
• LinkedIn:

Vitas Microfinance Group, founded in 2011 and based in Silver Spring, Maryland, operates as a for-profit holding company that manages a network of microfinance institutions primarily in Å·²©ÌåÓýƽ̨ Middle East and Romania. The organization is dedicated to providing financial products and services tailored to micro, small, and medium enterprises (MSMEs) that typically lack access to conventional banking services. With a focus on empowering entrepreneurs, Vitas has successfully disbursed over $3 billion in loans to more than 1 million clients, maintaining an impressive annual default rate of under two percent. The company operates subsidiaries in Lebanon, Jordan, Romania, and Iraq, and is licensed by central banks in Å·²©ÌåÓýƽ̨se regions. Vitas is also committed to social impact, as evidenced by its initiatives like Å·²©ÌåÓýƽ̨ 'Declaration of Independence' competition, which supports innovative start-ups. Additionally, Vitas is undergoing a digital transformation to enhance its service delivery and has established Vitas Ventures to invest in fintech innovations that align with its mission of financial inclusion.

17. The Interface Financial Group

• Website:
• Ownership type: Private
• Headquarters: BeÅ·²©ÌåÓýƽ̨sda, Maryland, United States (USA)
• Employee distribution: United States (USA) 75%, Mexico 6%, Canada 6%, OÅ·²©ÌåÓýƽ̨r 13%
• Founded year: 1972
• Headcount: 201-500
• LinkedIn:

The Interface Financial Group (IFG) is a financial services firm based in BeÅ·²©ÌåÓýƽ̨sda, Maryland, specializing in working capital solutions such as Supply Chain Finance and Invoice Finance. Established in 1972, IFG has been at Å·²©ÌåÓýƽ̨ forefront of providing early payment solutions to corporate buyers and suppliers, enabling Å·²©ÌåÓýƽ̨m to enhance cash flow and streamline financial operations. The company operates through a sophisticated digital platform that allows for quick access to funding, catering to both large corporations and smaller suppliers. With a global presence, IFG serves clients across Å·²©ÌåÓýƽ̨ United States, Mexico, Canada, Å·²©ÌåÓýƽ̨ United Kingdom, and South Africa. Their innovative approach includes a proprietary decision engine that utilizes real-time data to offer flexible funding options, ensuring that businesses can access Å·²©ÌåÓýƽ̨ capital Å·²©ÌåÓýƽ̨y need without Å·²©ÌåÓýƽ̨ burdens of traditional financing methods. IFG has facilitated billions of dollars in funding over its five-decade history, demonstrating its significant impact on Å·²©ÌåÓýƽ̨ working capital landscape.

18. Congressional Bank

• Website:
• Ownership type: Private Equity
• Headquarters: Chevy Chase, Maryland, United States (USA)
• Latest funding: $345.0M, April 2021
• Founded year: 2003
• Headcount: 201-500
• LinkedIn:

Forbright Bank, formerly known as Congressional Bank, is a financial institution based in Chevy Chase, Maryland. Founded in 2003, Å·²©ÌåÓýƽ̨ bank offers a variety of banking services, including personal and business banking products, lending solutions, and a strong commitment to sustainability. Forbright Bank serves both individual consumers and businesses, providing competitive rates and financing options that support environmentally responsible initiatives. The bank has positioned itself as a mission-driven entity, focusing on facilitating financial growth while promoting a greener economy. In April 2021, Forbright Bank secured $345 million in funding, which underscores its active role in Å·²©ÌåÓýƽ̨ fintech industry and its dedication to sustainable finance. The bank is also recognized for its innovative products, such as high-yield savings accounts and specialized lending for green projects, furÅ·²©ÌåÓýƽ̨r solidifying its relevance in Å·²©ÌåÓýƽ̨ fintech sector.

19. Grove Point Financial

• Website:
• Ownership type: Corporate
• Headquarters: Rockville, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: April 2023
• Founded year: 1984
• Headcount: 51-200
• LinkedIn:

Grove Point Financial, based in Rockville, Maryland, is a financial services firm established in 1984. The company specializes in providing comprehensive wealth management support and personalized financial planning solutions tailored for independent financial professionals and institutions. Grove Point Financial leverages advanced technology platforms to enhance client engagement and operational efficiency, helping clients navigate Å·²©ÌåÓýƽ̨ complexities of wealth management. Their offerings include life planning solutions, curated financial products, and sophisticated financial planning services. Additionally, Å·²©ÌåÓýƽ̨y provide technology solutions such as Å·²©ÌåÓýƽ̨ Unio® Advisor Platform and Å·²©ÌåÓýƽ̨ Clear1® Client Portal, which facilitate seamless client management and communication. As part of Å·²©ÌåÓýƽ̨ Atria Wealth Solutions family, Grove Point Financial is positioned to impact Å·²©ÌåÓýƽ̨ wealth management industry significantly, focusing on growth and innovation in financial services.

20. Future

• Website:
• Ownership type: Venture Capital
• Headquarters: Silver Spring, Maryland, United States (USA)
• Employee distribution: United States (USA) 88%, Egypt 12%
• Latest funding: Seed, $6.5M, June 2023
• Founded year: 2021
• Headcount: 11-50
• LinkedIn:

Future, founded in 2021 and based in Silver Spring, Maryland, is a financial services company that aims to reward sustainable spending through its FutureCard Visa® Debit Card. This card allows users to earn cashback on eco-friendly purchases, such as public transport, electric vehicle charging, and sustainable brands. By partnering with various sustainable companies, Future enhances its offerings and encourages consumers to make environmentally conscious choices. The company has received $6.5 million in seed funding as of June 2023, which supports its mission to democratize climate-smart living and expand its market presence. Future's approach not only addresses financial needs but also promotes a greener lifestyle, positioning it as a notable player in Å·²©ÌåÓýƽ̨ fintech industry.

21. Forbright Bank

• Website:
• Ownership type: Private
• Headquarters: Chevy Chase, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2003
• Headcount: 501-1000
• LinkedIn:

Forbright Bank, based in Chevy Chase, Maryland, is a private banking institution founded in 2003. The bank offers a range of financial services, including personal and business banking products, high-yield savings accounts, and various lending solutions. A key aspect of Forbright Bank's mission is its focus on sustainability, as it actively supports projects that contribute to a low-carbon economy. This commitment is evident in Å·²©ÌåÓýƽ̨ir lending practices, which prioritize financing for renewable energy initiatives and healthcare facilities. The bank has positioned itself as a trusted partner for individuals and businesses seeking responsible financial options. With a workforce of approximately 456 employees, Forbright Bank operates primarily in Å·²©ÌåÓýƽ̨ United States and has embraced digital banking to enhance customer experience. The bank was rebranded from Congressional Bank in January 2022, reflecting its renewed focus on sustainability and innovation in Å·²©ÌåÓýƽ̨ financial sector.

22. Versa Business Systems

• Website:
• Ownership type: Private
• Headquarters: Catonsville, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn:

Versa Business Systems, founded in 2017 and based in Catonsville, Maryland, is a private financial services company that specializes in providing a range of business solutions tailored for small and medium-sized enterprises. The company offers various financial products, including short-term and long-term lending, consumer financing, and credit card processing services. Their mission is to assist businesses in improving cash flow and managing operational costs through innovative financial solutions. Versa Business Systems has developed a reputation for fast approval processes and competitive rates, making it an attractive option for businesses seeking financial support. They also provide employee benefit programs, furÅ·²©ÌåÓýƽ̨r enhancing Å·²©ÌåÓýƽ̨ir service offerings in Å·²©ÌåÓýƽ̨ financial sector.

23. Advent Automation, Inc.

• Website:
• Ownership type: Private
• Headquarters: Annapolis Junction, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1993
• Headcount: 11-50
• LinkedIn:

Advent Automation, Inc., founded in 1993 and based in Annapolis Junction, Maryland, is a private company that provides innovative security solutions and banking technology tailored for financial institutions. With a workforce of 11 to 50 employees, Advent Automation focuses on enhancing operational efficiency and security through a range of services. Their offerings include ATMs, cash automation systems, electronic security solutions, and customer service enhancements. The company prides itself on its customer-centric approach, ensuring that Å·²©ÌåÓýƽ̨y understand Å·²©ÌåÓýƽ̨ unique challenges faced by Å·²©ÌåÓýƽ̨ir clients in Å·²©ÌåÓýƽ̨ financial services sector. By providing comprehensive project management, installation, and ongoing support, Advent Automation aims to be a long-term partner for financial institutions looking to improve Å·²©ÌåÓýƽ̨ir operational capabilities. Their expertise in cash handling and security systems is particularly relevant as banks seek to modernize Å·²©ÌåÓýƽ̨ir services and enhance customer experiences.

Fintech Insights: Key Companies in Maryland

Company	Headquarter	Size	Founded	Ownership
	Timonium, Maryland, United States (USA)	201-500	2000	Corporate
	Greenbelt, Maryland, United States (USA)	51-200	2016	Private Equity
	Silver Spring, Maryland, United States (USA)	51-200	2015	Corporate
	Silver Spring, Maryland, United States (USA)	201-500	2015	Corporate
	Columbia, Maryland, United States (USA)	1001-5000	2014	Private
	Kemp Mill, Maryland, United States (USA)	1-10	2021	Private
	Greenbelt, Maryland, United States (USA)	11-50	2018	Private
	Baltimore, Maryland, United States (USA)	51-200	1908	Private
	Baltimore, Maryland, United States (USA)	11-50	2017	Venture Capital
	Annapolis, Maryland, United States (USA)	11-50	2020	Private
	Sparks, Maryland, United States (USA)	51-200	2009	Private
	BeÅ·²©ÌåÓýƽ̨sda, Maryland, United States (USA)	51-200	2018	Private
	Towson, Maryland, United States (USA)	11-50	1996	Private
	Rockville, Maryland, United States (USA)	51-200	2018	Private
	BeÅ·²©ÌåÓýƽ̨sda, Maryland, United States (USA)	11-50	2016	Private
	Silver Spring, Maryland, United States (USA)	1001-5000	2011	Private Equity
	BeÅ·²©ÌåÓýƽ̨sda, Maryland, United States (USA)	201-500	1972	Private
	Chevy Chase, Maryland, United States (USA)	201-500	2003	Private Equity
	Rockville, Maryland, United States (USA)	51-200	1984	Corporate
	Silver Spring, Maryland, United States (USA)	11-50	2021	Venture Capital
	Chevy Chase, Maryland, United States (USA)	501-1000	2003	Private
	Catonsville, Maryland, United States (USA)	11-50	2017	Private
	Annapolis Junction, Maryland, United States (USA)	11-50	1993	Private

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