Magna alternatives
TL;DR: 12 companies doing similar work to Magna in Fintech, ranked by how closely they match what Magna 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 Magna. They are scored on how closely their own description overlaps with Magna's, and all facts shown come from the YC company records — nothing is estimated.
What are the best alternatives to Magna?
| Alternative | What it does | Batch | Team | Status |
|---|---|---|---|---|
| Andustry | — | Spring 2026 | 2 | Active |
| Wave | Mobile money app for Africa | Winter 2012 | 1600 | Active |
| Y Combinator | Make something people want. | Unspecified | 100 | Active |
| Wealor | AI-native platform for wealth managers | Spring 2026 | — | Active |
| Totalis | derivative layer for prediction markets | Spring 2026 | — | Active |
| Audun | AI-native debt collection company | Summer 2026 | 5 | Active |
| Ekpa | Building Autonomous Research Agents for Trading | Summer 2026 | 2 | Active |
| Zeal | Modern payroll for modern work | Summer 2019 | 45 | Active |
| River Markets | Prime brokerage for prediction markets | Spring 2026 | 2 | Active |
| Computable | Derivatives Exchange for Compute | Summer 2026 | 2 | Active |
| Debteye | Automate credit counseling. | Summer 2011 | 2 | Acquired |
| Sliced Investing | Crowdfunding for hedge funds | Summer 2014 | 11 | Acquired |
Is Magna still active?
Magna has been acquired, which often means pricing, roadmap or support changes. That is the usual reason people start looking at this list.
How was this list put together?
Every company here is Y Combinator-backed and shares at least one category with Magna. They are then ranked on how closely their own description overlaps with Magna's, so the closest matches come first rather than whoever happens to share a tag.