Global investment in fintech startups is beginning to see an increase. KPMG published this week Fintech Report Pulse According to KPMG, it will be late 2024. In the fourth quarter of 2024, investments rose to $25.9 billion from $18 billion in the third quarter.
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 Founded globally by Jeremy Johnker, Jay Ganatra and Mario Lewis, it is an early-stage venture three years ago dedicated to investing in fintech startups.
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: Depends on stage: $1-2 million preseeds. Seeds ranging from 20,000 to 4 million dollars. Series A, $5-10 million.
Notable investments: Rainforest, Pagos, Mendel.
Big recent investments: SimpleClosure, business closer platform.
The company’s focus is on realizing B2B fintech and commerce.
About VC: Founded in 2019 by co-founders of Nerdwallet Jake Gibson and Sheel Mohnot. A better tomorrow’s venture It leads rounds worldwide with pre-seed and seed stage fintech companies.
The managed assets amount to $225 million.
Average check size: It 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: It was founded in 2022 by Nick Milanovic, author of the “Fintech of the Week” newsletter. Fintech Fund We invest in fintech companies around the world at the pre-seed and seed stages.
Last September, the company closed it. Second $10 million fund.
Average check size: It ranges from $200,000 to $400,000.
Notable investments: Rainforest, Units, Cascade AI, ANSA.
Recent major investments: con man.
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: Based in Atlanta TTV Capital We invest in traditional fintech, fintech-enabled businesses, and early-stage companies focusing on “Future of Fintech.”
The assets under management total exceed $750 million.
Average check size: It ranges from $2 million to $8 million.
Major investments: Green dot, Bill.comgreen light.
Recent major investments: Charlie, Payaburi.
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 invests only in companies building pre-seeded financial technology up to the Series A stage. Currently, the assets under management have $4 billion in assets.
2023, QED Investor It announced that it has 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: Family insurance, 1 card, Mony Points.
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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