Payments Companies Are Most Likely to Attract Funding

  • Grace Noto
  • June 19, 2017
  • 0

Does the fintech you’re building have anything to do with payments or remittances (even a little)?

That’s something to consider, as payments and remittance companies are receiving the most funding from the top 10 investors in fintech, according to data released last week by Fintech Global.

The top venture capitalists and fintech accelerator programs investing in fintech each did more deals with payment companies than other categories in fintech; approximately 20% of deals made by both the top VCs and the top accelerators went to these companies, according to the research.

(This is if one disregards the “other” category included in the results, which is responsible for about 31% of accelerator deals and about 23% of deals for VCs.)

The report covered 280 deals made by venture capitalists to 354 deals by accelerators from 2014 to 2017.

The runner-up for fintech accelerators was marketplace lending companies, with about 12% of deals, while fintech VCs were most interested in cryptocurrencies, after payments (about 14% of deals).

The full report is available here.

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