10 Best FinTech Companies to Watch 2021

Making it easier for small business owners to focus on what really matters: Forward Financing


Finance plays a critical role for society at large, serving individuals, families, businesses, governments, and civic institutions. The financial sector performs indispensable functions such as enabling saving and investment, providing protection from risks and supporting the creation of new jobs and enterprises. It is critical that the sector operates to provide these functions for society in a stable and sustainable way. This is where organizations that provide financial services are an essential tool for economic growth as it brings together the one who needs funds and those who can supply funds. It enables peoples in raising their standards of livings by providing them with a facility of purchasing various products on hire purchase. These organizations act as a barrier against risk arising from various unforeseen activities through insuring people against losses. These services are consumer-oriented as these are designed and provided in accordance with the needs of customers.

Financial services reduce the effect of risk to customers through diversification. Insurance policies offered by companies provide protection to people against various losses. It enables people to allocate their fund into efficient sources. Financial services provide various investment options to customers like mutual funds, stocks, saving and fixed deposits which can generate income for them. It helps in creating more employment opportunities in a country. There are large numbers of people who are associated with financial institutions selling these services. Such institutions via selling financial services generate their income and pay remuneration to their employees. These services enable the overall development of all sectors of the economy. Financial services provide sufficient funds to all key sectors which include primary sector, secondary sector, and tertiary sector. It results in a balanced growth of the whole economy.

Forward Financing is one such Boston-based financial services and technology company which is on a mission to help its people and customers achieve their full potential. It is a fast-growing financial technology company providing working capital to small and medium-sized businesses throughout the United States With a simple, secure online application, business owners can trust Forward Financing for approvals within minutes, funding within hours, and personalized support when they need it most. The firm helps owners spend less time finding capital and more time helping their customers and growing their business. While typical financing from a bank is an arduous, months-long process, its dedicated account representatives and simple online application help their customers to receive the funding they need within 24 hours. Trusted by more than 25,000 small businesses nationwide, Forward Financing expands Main Street's access to credit and helps them to thrive. The company is A+ rated by the Better Business Bureau and consistently receives top ratings across all major customer review platforms. Forward Financing has been named by both Inc. Magazine and the Boston Business Journal as one of Massachusetts’ fastest-growing companies each year since 2017 and the firm has also won several other prestigious accolades.

The Glorious History of Forward Financing

  • The company was founded in the year 2012. It was launched by Co-founder and CEO, Justin Bakes, to expand access to capital to underserved small businesses
  • The firm provided over $50 million in funding to over 1,000 small businesses nationwide in the year 2015
  • The firm was named as the 15th fastest growing company in the U.S. by Inc Magazine and second fastest growing private company in Massachusetts by Boston Business Journal in the year 2017
  • Forward Financing moved into its new space at 100 Summer Street in 2018, which allowed them to nearly double the size of its team
  • In the year 2019, Forward Financing was recognized on Inc. Magazine’s 5000 Fastest Growing Companies in thethesiliconreview-10-best-fintech-companies-to-watch-us-cover-21 U.S. for the third consecutive year, along with Deloitte’s Technology Fast 500 and EY’s Entrepreneur of the Year finalist awards
  • Today before moving into its new building at 53 State Street, the firm has helped hundreds of small businesses apply for PPP loans and have supported its customers throughout the COVID-19 pandemic

Why Forward Financing

Stellar Customer Service: Experience one of the best customer service teams in the industry. Its highly trained Account Executives have a deep understanding of their customers’ needs and are available to answer all your questions.

Transparency Every Step of the Way: From the moment you start working with Forward Financing, they deliver clear, upfront communication about your account details so that you’ll never have to worry about encountering surprises or hidden fees.

More than Just Money: The firm has invested in your success beyond providing financing. Its Account Executives are a phone call away to help you navigate the funding process and help your company to grow.

Safe, Secure, and Seamless: Rest easy knowing you’re working with a financing partner that has you and your customers’ best interests in mind. Its secure systems and independently audited processes ensure your clients and their data are safe.

Right people, right commitment: Its people are innovative, collaborative, and inclusive. You’ll work alongside people who will support your personal and professional growth, and challenge you to bring your best every day. Whether you’re coming into the open office space or logging into Zoom, you’ll feel the sense of community right away.

How Forward Financing Works: A Streamlined Approach to Small Business Financing

Simple Qualifications: The firm’s eligibility criteria make it easy for your business to obtain ļ¬nancing. To qualify, you simply need to have been in business for at least three months and have $5,000 or more in monthly sales.

Easy Application Requirements: With Forward Financing, applying is stress-free. There are no application fees or hard inquiries that could impact your credit report. Simply provide a few pieces of basic financial information and proof of business ownership.

Super-Fast Approvals: As a small business owner, you don't have time to wait when you need the funds right away. You can expect approvals within hours, and the firm aims to deliver same-day funding, so that you can start putting your funds to work where you need them the most.

Dedicated Account Executives: As soon as you are funded, you’ll be assigned a dedicated Account Executive who is available to help you manage your funding and notify you when you are eligible for additional financing. You’ll also have access to its self-service customer portal where you can track and manage your account at any time.

The leader behind the glorious success of Forward Financing

Justin Bakes is the Co-founder and also serves as the Chief Executive Officer of Forward Financing. Prior to founding Forward Financing in 2012, Mr. Justin served as Director of Mergers and Acquisitions for Watsco, Inc., the largest independent distributor of air conditioning, heating and refrigeration equipment in the US. From 2008 to 2011, he led several acquisitions that were instrumental in Watsco doubling its revenue. Before Watsco, he was an investment banker with UBS Investment Bank where he advised U.S. and European financial institutions, private equity firms, and multinational corporations on mergers, acquisitions and financings in Europe and Latin America. Originally from South Florida, Mr. Justin graduated from Boston College in 2003 with a Bachelor of Science in Finance.  He is an active member of Young Presidents’ Organization (YPO).

“We’re a mission-driven, growth-oriented company that’s changing the way Main Street businesses get access to capital.”

“Our Core Values determine who we hire, how we support our team members, how we treat customers and how we make all critical decisions.”

"We provide reliable access to the financing small businesses need to get to the next level."