12 Financial Service Business Success Stories [2023]

Updated: July 25th, 2023
Start A Financial Service Business

Here are some real life success stories of starting a financial service business:

1. Fair Capital ($960K/year)

Avi (from Spring Valley, NY, USA) started Fair Capital about 6 years ago.

$80K / month
1 founders / 0 employees

Case Study

Hello everyone! My name is Avi Grunwald; I’m the founder and CEO of Fair Capital.

Based on ACA International's recent report, our unique debt collection strategy demonstrated a debt collection success rate 52% higher than the industry average.


2. Fuelfinance ($450K/year)

Today I’m talking to Alyona Mysko. She’s the founder of Fuel which helps startup founders making their finance function efficient. But she built her company out of Kyiv and was there when the sirens went off.  

Alyona Mysko and Yaroslav Azhnyuk (from Pushkinska, Kyiv, Ukraine) started Fuelfinance ago.

$37.5K / month
2 founders / 20 employees

Case Study
  • Fuelfinance was founded in Kyiv by Alyona Mysko, who was present when the war first broke out.

  • From 2019, this prestigious business assists startup founders in making their financial operations much more efficient.

  • They primarily offer powerful dashboards and practical financial services for e-commerce, SAAS, construction, and many other B2B & B2C businesses.

  • Fuelfinance generates about 450K dollars in recurring revenue each year.


Listen to the full podcast on mixergy.com ➜

Learn more about starting a financial service business:

Where to start?

-> How much does it cost to start a financial service business?
-> Pros and cons of a financial service business

Need inspiration?

-> Examples of established financial service business

Other resources

-> Financial service business tips

4. Cledara ($2.4M/year)

Cristina Vila is the co-founder and CEO of Cledara, a product that helps companies simplify the way they discover, buy, manage and cancel subscription software.

Cristina Vila (from London, UK) started Cledara over 5 years ago.

$200K / month
2 founders / 43 employees

Case Study
  • Cristina Vila and Brad van Leeuwen founded Cledara in 2018.
  • The company aids businesses in streamlining the process of finding, purchasing, managing, and terminating subscription software.
  • Together with her co-founder Brad, Cristina has grown Cledara to $2.4M ARR with over 700 clients.
  • Cledara has also assembled a team of nearly 50 individuals and raised $7 million.
  • The team has collaborated with prestigious financial organizations and fintech startups, such as PayPal, Caixa Bank, Railsbank, and more.


Read the full article on saasclub.io ➜

5. Financer ($6M/year)

Johannes founded Financer, a financial comparison site. He manages a remote team in 26 countries and is making +$100k/mo helping people make better decisions.

$500K / month

Case Study

Johannes founded Financer, a financial comparison site. He manages a remote team in 26 countries and is making +$100k/mo helping people make better decisions.

6. Journey To Launch ($252K/year)

In this week’s rewind episode, Co-Work With Me as I discuss unlearning purpose and how to stop letting analysis paralysis keep you from pursuing your side hustle. Check out this episode and others on , , and This episode is brought to you by:  Host and personal finance educator Jamila Souffrant shares practical and tactical ways that you can achieve your dreams of Financial Freedom & Financial Independence. Subscribe and listen to the Journey To Launch podcast wherever you listen to podcasts.  Links mentioned in this episode Click here to subscribe via RSS feed (non-iTunes feed): Announcements Join our Facebook Community If you’re looking for a community of supportive side hustlers who are all working to take our businesses to the next level, join us here: Guest Social Media Info Side Hustle Pro –

Jamila Souffrant (from New York, NY, USA) started Journey To Launch over 7 years ago.

$21K / month
1 founders / employees

Case Study

Jamila Souffrant is the founder of Journey to Launch, a podcast that offers information and tools to help people increase their savings, pay off their debt, and achieve financial independence.

  • Her passion started in 2016 as a personal quest for financial independence.
  • She launched Journey to Launch first as a blog in 2018, where she used to jot down her journey from being broke to achieving economic empowerment.
  • The success of her blog motivated her to launch The Journey to Launch podcasts.
  • The podcast has helped many listeners come out of debt, stop living paycheck to paycheck and build-savings.
  • She received notable media attention in 2018 from outlets like Money Magazine and Insider.
  • The podcast had an exceptional year with over 2 million downloads and a Forbes feature.
  • Journey to Launch has 10K+ email subscribers, a monthly audience, and social research of 150K+.


Read the full story on forbes.com ➜

8. Secvolt ($1.2M/year)

Divakar Choudhary (from Delaware) started Secvolt over 1 year ago.

$100K / month
3 founders / 15 employees

Case Study

Hello, I am Divakar Choudhary, the founder of a record-breaking hedge fund Secvolt, and it's a pleasure to share my story with you.


9. Gauvreau Accounting Tax Law Advisory ($4.44M/year)

Robert Gauvreau (from Peterborough, ON, Canada) started Gauvreau Accounting Tax Law Advisory over 15 years ago.

$370K / month
1 founders / 80 employees

Case Study

I am Robert Gauvreau, the founder and CEO of Gauvreau Accounting Tax Law Advisory. Gauvreau Accounting Tax Law Advisory was established in 2008 as a CPA firm built to help entrepreneurs advance their businesses through proactive financial services.

So seven years ago just being over a million and this year just being over 10 million, that's pretty wild and a pretty incredible track record. And so our goal is to do the same thing over the next ten years is to go from 10 to 200 million and we have the plan and process in place to get there.


10. Digits ($20.4M/year)

Subscribe: https://www.youtube.com/c/NathanLatkawatchDigits CEO Jeff Seibert: Financial Management Platform for SMBs... Visit them: www.digits.com#latka #saa...

Wayne Chang and Jeff Seibert (from San Francisco, California, USA) started Digits over 5 years ago.

$1.7M / month
2 founders / 59 employees

Case Study

Wayne Chang and Jeff Seibert, this fintech company, Digits in 2018. The company aims to transform how small businesses manage their finances.

They started by co-founding Crashlytics to collect, analyze, and organize app crash reports, which they later sold to Twitter in 2013 and Google in 2017 before migrating to Firebase in 2019.

The founders have developed Digits as a real-time finance engine that gives founders and operators a complete understanding of their business, using an AI-generated dashboard. In 2018, Digits was established as a remote business.

With Digits, users can build interactive & easy-to-understand financial reports, get quick answers to their financial queries, Automatically spot mistakes in their ledger, and obtain practical suggestions & advice.


Watch the full video on youtube.com ➜

11. LendingPoint ($37.7M/year)

Subscribe: https://www.youtube.com/c/NathanLatkawatchLendingPoint CEO Tom Burnside: AI-Driven CreditTech lending... Visit them: www.lendingpoint.comSee more ...

Tom Burnside, Franck Fatras, Victor J. Pacheco, and Juan E. Tavares (from Kennesaw, GA, USA) started LendingPoint over 9 years ago.

$3.14M / month
4 founders / 258 employees

Case Study

LendingPoint is a financial technology platform that offers financing origination solutions to its e-commerce and point-of-sale partners, lending institutions, and customers.

The company was founded by Tom Burnside, Franck Fatras, Victor J. Pacheco, and Juan E. Tavares in 2014.

To assess a person's creditworthiness, the company uses technology to look at their financial situation, taking into account their credit history, employment history, earning potential, and other information.

In January 2015, LendingPoint introduced its first consumer loan product. LendingPoint announced a $100 million credit facility in October 2015, with money managed by Ares Management's Tradable Credit and Direct Lending groups.

In May 2022, Lending Point announced a partnership with Midland States Bank, a locally-based financial holding company with its headquarters in Illinois.

In Q1 2022, LendingPoint, an AI-driven SaaS credit tech lending platform, surpassed $900 million in new loans.


Listen to the full podcast on podcasts.apple.com ➜

12. The Credit Connection ($500K/year)

Make humans happier.

Daniel Massimino (from Canonsburg, PA, USA) started The Credit Connection over 5 years ago.

$41.7K / month
1 founders / 3 employees

Case Study

Daniel Massimino is an Italian serial entrepreneur, venture capitalist, and technologist. He is the founder and CEO of The Credit Connection, a company that provides credit services and business financing.


He grew up in South Park, Pennsylvania, and was passionate about helping people and solving problems. His parents instilled in him the values of hard work, positivity, and perseverance. Massimino's father became disabled when he was 12, so he started working at a young age to support his family. He studied finance and economics at Duquesne University and started his first business, MassTech, at 12, selling and repairing cell phones. To date, has successfully grown MassTech into a multimillion-dollar company.

In 2018, he established The Credit Connection to assist consumers in turning loan denials into approvals and help business owners access financing. In 2022, he founded Massimino Ventures, a global private equity venture capital firm based in Pittsburgh.

Believes that the ongoing pandemic has created the perfect opportunity for entrepreneurs to start a business. Credit Connection offers programs to help entrepreneurs start, grow, and scale their businesses.

Massimino Believes that failure and success go hand in hand and that the key is to stay focused and never give up. His parents taught him never to give up despite the circumstances. Starting a business is a challenging but rewarding experience that allows for a sense of freedom.


The Credit Connection Success Story

The Credit Connection assists consumers in turning loan denials into approvals. It helps business owners access financing, and the company offers programs to help entrepreneurs start, grow, and scale their businesses.

It is also noted that he believes that the current economic climate created by the ongoing pandemic is an excellent opportunity for entrepreneurs to start a business and that Credit Connection can help guide them down the path of success.

Some of his marketing strategies may include

  • Targeting small business owners and entrepreneurs looking for financing options.
  • Utilizing online and offline marketing channels to reach potential customers
  • Leveraging personal connections
  • Networking to build relationships with potential clients.


Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

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