Best Financial Services Companies in Minnesota, United States
The 431 best Financial Services companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Devoted Health.
Ranked: Best Financial Services companies in Minnesota
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Devoted Health 🦄 Provider of healthcare insurance plans for individuals 87Funding top 10%Tech top 20%Moat top 20%Market top 25% All 11 signals ▾Fundingtop 10% Techtop 20% Moattop 20% Markettop 25% Producttop 27% Talenttop 28% Growthtop 32% Innovationtop 33% Customersbottom 45% Globalbottom 39% Newsbottom 18% Funding: Raised $2.3B across 9 rounds · 9 rounds over 9 yrs (1.0/yr) Tech: 37 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 87/100 | $2.3B | 4 mo ago | 1,841 1,841 → 2,197 (+19%) · sector median +19% | 2017 | Todd Park Co-Founder | PrismicApple iCloud MailYouTube+22 | — |
| 2 | Bright HealthCare 🦄 Online health insurance platform for individuals and businesses 45Moat top 10%Funding top 26%Market bottom 49%Talent bottom 49% All 5 signals ▾Moattop 10% Fundingtop 26% Marketbottom 49% Talentbottom 49% Globalbottom 37% Moat: Editorial + unicorn rating 10/10 · Unicorn Funding: Raised $1.6B across 5 rounds · 5 rounds over 10 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $1.6B | 69 mo ago | 47 | 2015 | Mike Mikan CEO | — | — |
| 3 | UnitedHealth Group Provider of health care services, pharmacy benefits, and financial accounts | $947M | 114 mo ago | 198,787 | 1977 | Beth Soberg Ceo West Region | Adobe Experience ManagerJavaVideoJS+15 | — |
| 4 | Constellation Provider of insurance brokerage services 22Funding top 32%Patents top 47%Moat bottom 49%Global bottom 43% All 7 signals ▾Fundingtop 32% Patentstop 47% Moatbottom 49% Globalbottom 43% Marketbottom 38% Innovationbottom 37% Techbottom 21% Funding: Raised $500M across 1 rounds · 1 rounds over 7 yrs (0.1/yr) Patents: 12 patents matched (strict assignee match) · Latest publication 2015 rank vs industry peers · Fliar Intelligence Index 22/100 | $500M | 79 mo ago | 189 | 2015 | — | — | — |
| 5 | Silver Bay Realty Trust Corp REIT focused on acquisition and management of single family homes | $442M | 161 mo ago | 187 | 2012 | Gary Berman CEO | — | — |
| 6 | Geneva Capital Fast, flexible equipment financing and leasing solutions for business growth | $96M | 58 mo ago | 73 73 → 79 (+8%) · sector median +19% | 2000 | — | WordPressApple iCloud MailMicrosoft 365+23 | 1 partnership |
| 7 | Bridgewater Bank Provider of a full-service banking solutions | $50M | 107 mo ago | 246 246 → 376 (+53%) · sector median +19% | 2005 | — | Cart FunctionalityCraft CMSPHP+14 | 1 award |
| 8 | AdvisorNet Financial Provider of independent financial advisory services | $34M | 62 mo ago | 61 61 → 76 (+25%) · sector median +19% | 1959 | — | WordPressMySQLPHP+19 | — |
| 9 | Cachet Financial Solutions Provider of mobile financial solutions to financial institutions | $34M | 114 mo ago | — | 2010 | — | — | — |
| 10 | Meridian Investments I Provider of investment transactions, tax advisory, and real estate services | $21M | 51 mo ago | — | — | Andrew J Abernathey CEO | — | — |
| 11 | Lone Oak Payroll Provider of payroll funding solutions 55Innovation top 20%Product top 32%Tech top 43%Growth top 45% All 7 signals ▾Innovationtop 20% Producttop 32% Techtop 43% Growthtop 45% Fundingtop 49% Marketbottom 32% Globalbottom 25% Innovation: 10 product lines Product: 10 distinct product lines · Company stage: Conventional Debt rank vs industry peers · Fliar Intelligence Index 55/100 | $17M | 97 mo ago | 30 | 2017 | — | WordPressMySQLPHP+23 | — |
| 12 | Lunr Capital Flexible financing solutions empowering consumer brands to thrive in retail | $15M | 9 mo ago | — | — | Andy Cox Chief Executive Officer | — | — |
| 13 | Border Bank Commercial bank | $14M | 5 mo ago | 109 | 1935 | — | Cart FunctionalityDNNApple iCloud Mail+23 | 1 award |
| 14 | N.A Provider of transaction advisory, IT outsourcing, and other services | $14M | 41 mo ago | — | — | — | — | — |
| 15 | Justifi Tech | $11M | 49 mo ago | 32 | 2016 | — | — | — |
| 16 | Glass Bridge Diversified asset management firm | $10M | — | 5 | 1996 | — | — | — |
| 17 | Salisbury Bank Commercial bank | $10M | 126 mo ago | 193 | 1868 | — | — | — |
| 18 | Riverland Provider of community banking services focused on relationship building | $10M | 97 mo ago | 17 | 2005 | — | WordPressMySQLMariaDB+23 | — |
| 19 | The Araz Group Provider of doctors' network for patients, providers, payers, and healthcare benefits for employees | $10M | 65 mo ago | 63 | 1982 | Nazie Eftekhari Founder & CEO | — | — |
| 20 | Abernathey Holding Company Investment management firm | $8M | 8 mo ago | — | 2011 | Andrew Abernathey CEO & Chairman | — | — |
| 21 | Venture Bank Commercial bank | $8M | 131 mo ago | 115 | 2001 | Daniel Boeckermann Co-Founder & Chairman | — | — |
| 22 | The Bank of Elk River Community bank providing business and personal financial services with digital solutions | $4M | 171 mo ago | 95 | 1885 | John Babcock Chairman & CEO | Cart FunctionalityTVSquaredSimpli.fi+15 | 1 job opening · 1 award |
| 23 | Signature Bank Commercial bank | $4M | 198 mo ago | — | 2003 | Ken Brooks Co-Founder & CEO | — | — |
| 24 | MMCDC Just a moment... | $4M | 16 mo ago | 15 | 2002 | — | WordPressMySQLPHP+21 | — |
| 25 | Community Resource Bank Community Resource Bank is a personal and business banking institution | $4M | 166 mo ago | 334 | 1878 | Denny Hanson CEO & President | Cart FunctionalityWordPressMySQL+25 | — |
| 26 | SR Realty Trust Private real estate investment trust specializing in commercial properties | $3M | 38 mo ago | — | 2014 | Bradley Schafer CEO & Director | — | — |
| 27 | MEDNET World Provider of health insurance services | $2M | 191 mo ago | — | 2007 | John Fraser Founder & CEO | — | — |
| 28 | CSDZ P&C insurance broker | $2M | 112 mo ago | 100 | 1919 | Scott Egginton CEO | — | — |
| 29 | Wealth Enhancement Diversified investment management firm | $2M | 2 mo ago | 853 853 → 1,980 (+132%) · sector median +19% | 1997 | Bruce Helmer Co-Founder | Amazon WebstoreDrupalApple iCloud Mail+28 | 1 job opening |
| 30 | Platinum Bank Commercial bank | $976K | 196 mo ago | — | 2006 | Thomas Jacobson President & CEO | WordPressMySQLPHP+26 | 2 job openings |
| 31 | Pure Capital Solutions Provider of profession development and training services for investment industry | $960K | 38 mo ago | — | 2021 | Joe Horvath CEO | — | — |
| 32 | Crown Bank Commercial bank | $795K | 38 mo ago | 31 | 2000 | — | WordPressMySQLPHP+27 | — |
| 33 | Lakeview Bank Commercial bank | $500K | 179 mo ago | — | 2004 | Tom Mork CEO and Chairman of the Board | Cart FunctionalityScalaVarnish+9 | — |
| 34 | Silicon Prairie Provider of financial services 10Talent bottom 49%Tech bottom 42%Funding bottom 39%Global bottom 32% All 5 signals ▾Talentbottom 49% Techbottom 42% Fundingbottom 39% Globalbottom 32% Marketbottom 16% Talent: 1 named leader on record · 1 C-suite/founder profile curated Tech: 22 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 10/100 | $276K | 4 mo ago | 10 | 2016 | David Duccini Founder & CEO | WordPressMySQLPHP+19 | — |
| 35 | Solarte Health Providing health plan for employers | $140K | 135 mo ago | 3 | 2013 | Merlin Brown Co-Founder & CEO | WordPressMySQLPHP+16 | — |
| 36 | Talon Real Estate Holding Corp. Equity REIT investing in office, industrial & retail properties. | $125K | 149 mo ago | 75 | 2013 | Matthew CEO | — | — |
| 37 | First Bank Elk River Commercial bank | $117K | 190 mo ago | — | 1902 | Becky Wiehoff CEO | Cart FunctionalityScalaVarnish+10 | 1 job opening |
| 38 | MoneyAbility Credit counseling services | $109K | 65 mo ago | — | 2004 | Kevin Murphy Founder & CEO | — | — |
Top 12 Financial Services companies in Minnesota
#1
Series F · Eagan, Minnesota · founded 2017 · 1841 employees$2.3Braised▾
Provider of healthcare insurance plans for individuals. It offers medicare plans and insurance benefits for various healthcare services with benefits and savings, including dental and over-the-counter benefits. It also offers plans for doctor visit, dental and vision protection, hospitals treatment coverage, and more. Also offers insurance comparison guide devoted to health.
- Jan 2026Series F$317M
- Nov 2025Series F$48M
- Aug 2024Series E$112M
- Dec 2023Series E$175M
#2
Series B · Minneapolis, Minnesota · founded 1935 · 109 employees$14.2Mraised▾
Commercial bank
- Dec 2025Series B$500K
- Oct 2025Series B$500K
#3
Acquired · Minneapolis, Minnesota · founded 1997 · 853 employees$1.8Mraised▾
Diversified investment management firm
- Apr 2026Unattributed$35.7M
- Jun 2025Unattributed$110.2K
- Feb 2024Unattributed$80.4K
- Jun 2022Unattributed$985K
#4
Series A · Moorhead, Minnesota · founded 2011$8.4Mraised▾
Investment management firm
- Sep 2025Series A$998K
- Jan 2021Series A$2.3M
- Oct 2016Series A$490K
- Jun 2016Series A$1.9M
#5
Series A · Minneapolis, Minnesota$14.6Mraised▾
Flexible financing solutions empowering consumer brands to thrive in retail. The company provides non-dilutive inventory commitment financing, enabling emerging consumer brands to expand into retail without cash flow constraints. They offer funding options to support retail expansion goals. With an experienced team focused on data-driven decision-making and key relationships, they help brands drive growth and make strategic choices. The company takes a dynamic approach to solving retail commitment financing needs, designing capital solutions that grow with their clients. Their mission is to power the next generation of consumer brands by providing the tools and insights to succeed in retail. They value integrity, transparency, and continuous learning, fostering a culture of innovation and inclusivity. Their commitment-based financing, industry knowledge, and data-driven retail insights help clients anticipate challenges and achieve their full potential. They are omnichannel retail experts, offering support from retail strategy to consumer research.
- Sep 2025Series A$14.6M
#6
Seed · Saint Paul, Minnesota · founded 2016 · 10 employees$276Kraised▾
Provider of financial services
- Feb 2026Seed$20K
- Feb 2018Seed$256K
#7
Funding Raised · Detroit Lakes, Minnesota · founded 2002 · 15 employees$3.9Mraised▾
MMCDC is a leading private nonprofit company providing commercial and home mortgage lending, as well as housing, business and community development services, throughout Minnesota and the Midwest. We are also a parent company of a housing cooperative, a property management company, a reservation-based bank and a reservation-focused community development company. In 1968, a bill was introduced to create Community Development Corporations (CDCs). CDCs were authorized to borrow funds from the federal government (as well as private sources) and re-lend the money to businesses to create jobs in rural America.
- Jan 2025Grant (prize money)$30K
- Sep 2010Grant (prize money)$300K
- Jul 2010Grant (prize money)$20K
- Sep 2009Grant (prize money)$765.8K
#8
Series E · Minneapolis, Minnesota · founded 2015 · 47 employees$1.6Braised▾
Online health insurance platform for individuals and businesses. It offers solutions for dental & vision coverage, prescription-based medicine, mental health coverage, and more. It also provides a network of doctors, clinics and hospitals for a better healthcare experience for individuals.
- Sep 2020Series E$500M
- Dec 2019Series D$635M
- Nov 2018Series C$200M
- May 2017Series B$160M
#9
Public · Minneapolis, Minnesota · founded 1977 · 198787 employees$946.6Mraised▾
Provider of health care services, pharmacy benefits, and financial accounts. The organization connects individuals and families with doctors and specialists. It offers tools for managing prescriptions, home delivery, and specialty medications. The company also provides accounts to help save and pay for health care expenses.
#10
Series D · Minneapolis, Minnesota · founded 2015 · 189 employees$500Mraised▾
Provider of insurance brokerage services
- Oct 2019Series D$500M
#11
Funding Raised · Alexandria, Minnesota · founded 2000 · 73 employees$95.5Mraised▾
Fast, flexible equipment financing and leasing solutions for business growth. They provide funding solutions designed to work with your cash flow, offering flexible financing and custom terms to meet specific needs. They specialize in start-up business funding, working capital, and tax benefits, with promotions to save money. They offer resources like quote requests, payment calculators, and equipment protection. They focus on niche markets, supporting all credit types, and personally reviewing each application. They provide fast approvals, tailored solutions, and expert guidance, offering options for every credit background, including start-ups. They help businesses finance equipment, preserve cash, and reap tax benefits, with affordable, fixed payments. They serve industries like apparel decoration, engraving & marking, fabrication technology, health & fitness, and sign & digital graphics. They offer faster approvals, a simple process, a personal approach, and direct funding. They also have a blog with business financing tips and industry trends.
- Aug 2021Conventional Debt$3.9M
- Nov 2020Conventional Debt$10.5M
- Jun 2020Conventional Debt$2.5M
- Jul 2019Conventional Debt$2.3M
#12
Acquired · Plymouth, Minnesota · founded 2012 · 187 employees$442.5Mraised▾
Silver Bay Realty Trust Corp is a real estate investment trust in the United States. The company's primary business operation is focused on the acquisition, renovation, leasing and management of single-family homes for income and capital appreciation. The company also generates revenue by leasing its portfolio of single-family properties. The company was acquired by Tricon Capital in 2017.
- Dec 2012Post IPO$442.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Financial Services coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.