Magic alternatives
TL;DR: 12 companies doing similar work to Magic in Fintech, ranked by how closely they match what Magic actually does — not just by category.
How this list was built: every company here is Y Combinator-backed and shares at least one category with Magic. They are scored on how closely their own description overlaps with Magic's, and all facts shown come from the YC company records — nothing is estimated.
What are the best alternatives to Magic?
| Alternative | What it does | Batch | Team | Status |
|---|---|---|---|---|
| Satchel | — | Summer 2018 | 8 | Inactive |
| Aspire | All-in-one Finance OS for businesses | Winter 2018 | 500 | Active |
| Cashfree Payments | Next-gen digital payments provider for India. | Summer 2017 | 200 | Active |
| Moreta | Payments made easy for international travelers. | Summer 2024 | 4 | Active |
| Andustry | — | Spring 2026 | 2 | Active |
| GoCardless | We’re building the world’s bank payment network. | Summer 2011 | 900 | Active |
| Coin | A mobile wallet that allows you to pay everywhere credit cards are… | Winter 2013 | 11 | Acquired |
| Flinto | Mexico's digital wallet | Winter 2018 | — | Acquired |
| Balance | The first digital payment experience company, built for B2B. | Summer 2020 | 70 | Active |
| Akudo | India's first learning-focused neobank for teenagers | Summer 2021 | 20 | Inactive |
| GuruHotel | AI-native direct booking infrastructure for global hospitality | Winter 2020 | 12 | Active |
| Carbon-12 Labs | A Global Payouts API for Startups | Winter 2020 | — | Inactive |
Is Magic still active?
Magic is no longer listed as active, so anyone still relying on it should plan a migration to one of the alternatives above.
How was this list put together?
Every company here is Y Combinator-backed and shares at least one category with Magic. They are then ranked on how closely their own description overlaps with Magic's, so the closest matches come first rather than whoever happens to share a tag.