Global investment in fintech startups is beginning to see an increase. According to KPMG, KPMG issued a pulse of its Fintech report this week in late 2024.
Certainly, this is not the enthusiasm of the past years, especially the wild day in 2021. But judging from our inbox, there's no shortage of venture capitalists still making big bets on the space.
Below is a list of a few VCs who remain bullish on Fintech.
About VC: Infinity Ventures is an early-stage venture three years ago dedicated to investing in fintech startups, founded worldwide by Jeremy Jonker, Jay Ganatra and Mario Ruiz.
They left PayPal Ventures in May 2021 and closed its first $158 million fund in October 2021. In October 2024, the company raised $184 million in Fund II, increasing its total assets to more than $350 million.
Average check size: Stage depends: Preseeds between $1-2 million. Seeds ranging from 20,000 to 4 million dollars. Series A, $5-10 million.
Notable investments: Rainforest, Pagos, Mendel.
Latest Large Investment: SimpleClosure, the Business Closer Platform.
The company's focus is on realizing B2B fintech and commerce.
About VC: Founded in 2019 by Nerdwallet co-founders Jake Gibson and Sheel Mohnot, Better Tomorrow Ventures leads rounds around the world with pre-seed and seed-stage fintech companies.
The managed assets amount to $225 million.
Average check size: Ranges from $500,000 to $4 million.
Notable investments: Units, Relays, Coast, Mendel, Charlie.
Recent major investments: Basics (BTV LED SEED, Khosla LED A).
When pitching Better Better Tomorrow Ventures, Mohnot previously said: We always respond to cold emails – Here is an example of a cold email that worked. ”
About VC: Founded in 2022 by Nik Milanović, author of the “Fintech In Fintech” newsletter, Fintech Fund invests worldwide in fintech companies at the pre-seed and seed stages.
Last September, the company closed its second $10 million fund.
Average check size: Ranges from $200,000 to $400,000.
Notable investments: Rainforests, units, Cascade AI, ANSA.
Recent major investments: wiselayer.
According to Milanovic, if founders are looking for practical investors, they will find it at the Fintech Fund.
“There are a lot of ETFs that write large checks,” he previously told TechCrunch. “But our goal is to really connect this whole community. That's the syndicate of newsletter readers, fund investors, our angels. Consulting or referrals to new recruits and new customers.”
About VC: Atlanta-based TTV Capital is investing in early stage companies focused on traditional fintech, fintech-enabled businesses, “Future of Fintech.”
The assets under management total exceed $750 million.
Average check size: The range is between $2 million and $8 million.
Major investments: Green Dot, Bill.com, Greenlight.
Recent major investments: Charlie, Paiburi.
Partner Lizzie (Guynn Hartley) previously told TechCrunch that when it comes to pitching, he prefers to hold the first pitch meeting as a video call.
“Before talking to the founders on the phone, they should be able to clearly articulate the problems they are solving. The ability to distill this into a digestible and understandable statement is very helpful. Founders are a great help. We appreciate that our customers can walk the customer's workflow end-to-end and prove their benefits. This will help them build convictions in their willingness to pay for new tools and software,” she says. I did.
About VC: The company has been around for over a decade and only invests in companies that build pre-seeded financial technology in Series A stage. Currently, the assets under management have $4 billion in assets.
In 2023, QED investors announced that they had raised $925 million from two new funds to support fintech startups worldwide.
Managing Partner and co-founder Nigel Morris told TechCrunch at the time of the company's final fund closing that QED is planning to make around 40 investments from its early stage funds.
Average check size: $15 million to $20 million.
Major investments: Credit Karma (QED was the first institutional money to the company), Creditas, Nubank, Sofi.
Recent major investments: Kin Insurance, 1 Card, Moniepoint.
QED focuses not only on AI, but on embedded finance, cross-border payments and asset management. About half of QED's portfolio is in the US, followed by Ratum, Europe, Southeast Asia and Africa. We are also looking at Middle Eastern Fintech opportunities. One of my recent investments was in Japan, initially domestic.
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