FinTech_Report_2023_1705027294
FinTech_Report_2023_1705027294
FinTech_Report_2023_1705027294
FINTECH
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview Summary
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
FinTech - Summary (1/2)
Top Companies Key Stats
Nubank Wise
(2013, Brazil, $2.3B) (2011, United Ki.., $415M) 132,879 26,642 $518B
Paytm Pine Labs Companies Funded Total Funding
(2009, India, $3.5B) (1998, India, $1.6B) Companies
Payoneer Revolut
(2005, United St.., $269M) (2015, United Ki.., $2.1B)
$116B 4278 705
CRED eToro
(2018, India, $1.1B) (2007, Israel, $423M) Funding in last 2 Acquisitions IPOs
years
India 10652
What is not included
Canada 4091
China 3802
4 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
FinTech - Summary (2/2)
# Companies by Stage Y-o-Y Funding $ Funding by Country
Total Funding: $518B
Founded -
United States (41.0%)
132879
China (14.8%)
Funded 26642 100%
United Kingdom (11.7%)
Series A+ 7293 27% India (5.9%)
Germany (2.6%)
Series B+ 3449 12%
Indonesia (2.1%)
Series C+ 1752 6%
Singapore (2.1%)
Series D+ 1019 3% Others (19.8%)
$ Funding # Rounds
5 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding Funding Funnel
Investors Y-o-Y Funding Trends
Acquisitions Funding by Geography
IPOs Y-o-Y Stage wise Funding
Companies Median Round Size by Stage
Unicorns New Entrants to Funded Club
Business Models Funding by Team Background - College wise
News Funding by Team Background - Company wise
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding Funnel
# Companies Funding Funnel Moved from Avg. Years from first
Stage
% previous Stage % funding
Founded 132,879 - - -
7 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Y-o-Y Funding Trends
Top Funding Rounds in last 2 years
Company Funding Round
Stripe
(2009, United States)
$6.9B - Series I
Wayflyer
(2019, Ireland)
$1.0B - Series C
Checkout
(2012, United Kingdom)
$1.0B - Series D
WeLab
(2013, China)
$900M - Series D
Viva Payments
(2000, Greece)
$800M - Series C
Klarna
(2005, Sweden)
$800M - Series H
BitGoldEx
(2015, United Kingdom)
$715M - Series A
Coda Payments
(2011, Singapore)
$690M - Series C
PhonePe
$ Funding (3y) CAGR = +22% (2012, India)
$623M - Series D
SumUp
$ Funding (5y) CAGR = +24% (2012, United Kingdom)
$623M - Series E
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.
8 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding by Geography
Distribution by Country - Total Funding ($) Top Cities by Funding
Bengaluru $11.5B
India 4203 Paytm (3.5B)
Beijing $11.2B
Germany 3922 N26 (1.7B)
Singapore $10.5B
Indonesia 799 Gojek (6.2B)
Jakarta $10.4B
Singapore 371 Trax (1.0B)
Berlin $8.7B
Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.
9 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Y-o-Y Stage-wise Funding Trends
Stage-wise $ Invested Stage-wise Number of Rounds
$49.7B $43.2B $41.7B $126B $77.8B $38.9B 2750 2795 2839 4609 4182 2374
Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
10 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Median Round Size by Stage
Stage Round size - Min, Median, Max (2018-2023) Y-o-Y Median Round Size (2018-2023)
Series B $19.1M
$15.4M $25.8M
Series A $7.0M
$5.8M $9.6M
Seed $1.2M
$735K $2.0M
Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.
11 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
New Entrants to Funded Club
Notable
Companies
CRED Alchemy TONIK IppoPay Binance.US Verisk
(2018, India, $1.1B) (2017, United States, (2018, Singapore, (2020, India, $2.4M) (2019, United States, (1971, United States)
$564M) $175M) $200M)
12 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding by Team Background - College wise
Distribution by Team Background
Total Funding
Note: Number in the bracket is the Total Funding raised by the Company
13 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding by Team Background - Company wise
Distribution by Team Background
Total Funding
Note: Number in the bracket is the Total Funding raised by the Company
14 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors YoY Investor Trends
Acquisitions Most Active Investors: Accelerators & Incubators
IPOs Most Active Investors: VC - Seed
Companies Most Active Investors: VC - Early
Unicorns Most Active Investors: VC - Late
Business Models
News
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Y-o-Y Active Investors
Y-o-Y # of unique Institutional Investors in FinTech Top Institutional Investors in the last 2 years
Stage Investor name # Rounds in Last 2y1
Y Combinator 283
Shima Capital 53
Tiger Global
45
Management
a16z 31
Tiger Global
29
Management
Lightspeed
18
Venture Partners
First-time Investors Existing Investors
Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change from previous period.
16 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Most Active Investors: VC - Seed
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 Global Founders Capital Germany 498 97 Sonovate ($2.7B), Revolut ($2.1B), SumUp ($1.6B)
2 Soma Capital United States 492 74 Ramp ($1.0B), Bolt ($947M), Razorpay ($817M)
3 Seedcamp United Kingdom 419 73 Revolut ($2.1B), Wefox ($1.5B), Sorare ($739M)
4 Kima Ventures France 964 64 Carta ($1.2B), Sorare ($739M), Ledger ($575M)
5 NGC China 302 63 Consensys ($725M), Yuga Labs ($450M), BitDAO ($230M)
6 AU21 Capital United States 149 63 Polygon ($451M), Helium ($370M), MobileCoin ($183M)
7 a16z United States 928 60 Stripe ($9.2B), Robinhood ($5.7B), Devoted Health ($2.0B)
8 FJ Labs United States 822 57 Stripe ($9.2B), Nubank ($2.3B), Toss ($1.2B)
9 SV Angel United States 717 51 Stripe ($9.2B), Oscar ($1.6B), Affirm ($1.2B)
Note: *Feed = FinTech. The number in bracket refers to the total funding raised by the company.
17 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Most Active Investors: VC - Early Stage
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 Sequoia Capital United States 1551 104 Stripe ($9.2B), Robinhood ($5.7B), Klarna ($4.1B)
2 Accel United States 1044 99 Trade Republic ($1.2B), Monzo ($1.2B), Teya ($845M)
3 Tiger Global Management United States 773 94 SenseTime ($2.8B), Nubank ($2.3B), Revolut ($2.1B)
4 QED Investors United States 212 93 Klarna ($4.1B), SoFi ($2.7B), Nubank ($2.3B)
5 Ribbit Capital United States 131 69 Robinhood ($5.7B), Nubank ($2.3B), Revolut ($2.1B)
6 Lightspeed Venture Partners United States 839 61 Stripe ($9.2B), FTX ($1.8B), Navan ($1.3B)
7 Index Ventures United Kingdom 600 60 Robinhood ($5.7B), Revolut ($2.1B), Airwallex ($1.1B)
8 Insight Partners United States 749 55 Checkout ($1.8B), FTX ($1.8B), N26 ($1.7B)
9 Peak XV Partners India 271 53 Gojek ($6.2B), Pine Labs ($1.6B), CRED ($1.1B)
10 Nyca Partners United States 123 51 Revolut ($2.1B), Affirm ($1.2B), AvidXchange ($1.2B)
Note: *Feed = FinTech. The number in bracket refers to the total funding raised by the company. Early Stage refers to Series A and Series B rounds
18 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Most Active Investors: VC - Late Stage
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 SoftBank Vision Fund United Kingdom 340 41 Klarna ($4.1B), Paytm ($3.5B), Revolut ($2.1B)
2 DST Global United Kingdom 174 32 Stripe ($9.2B), Robinhood ($5.7B), Klarna ($4.1B)
3 TCV United States 287 23 Klarna ($4.1B), Nubank ($2.3B), Revolut ($2.1B)
5 Sapphire Ventures United States 191 14 Paytm ($3.5B), AvidXchange ($1.2B), Aleph Alpha ($534M)
8 Bond Capital United States 107 11 Stripe ($9.2B), Robinhood ($5.7B), Revolut ($2.1B)
9 Greenspring Associates United States 193 10 Bright HealthCare ($1.6B), Navan ($1.3B), Roblox ($918M)
10 DAG Ventures United States 175 10 Prosper ($489M), Point Digital Finance ($246M), Zuora ($243M)
Note: *Feed = Blockchain Technology - China & Taiwan. The number in bracket refers to the total funding raised by the company. Late Stage refers to Series C & beyond rounds.
19 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Most Active Investors: Accelerators & Incubators
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 Y Combinator United States 4606 709 Stripe ($9.2B), Brex ($1.2B), Monzo ($1.2B)
2 Techstars United States 3293 253 Ramp ($1.0B), Chainalysis ($537M), Remitly ($436M)
4 Plug and Play Tech Center United States 1466 172 Hippo ($709M), Chainalysis ($537M), CloudWalk ($365M)
5 Digital Currency Group United States 271 115 FTX ($1.8B), Improbable ($1.1B), Fireblocks ($1.0B)
6 Startupbootcamp United Kingdom 914 107 Kuda ($91.6M), iProov ($78.0M), Penta Bank ($71.7M)
8 Endeavor United States 300 66 Checkout ($1.8B), Wayflyer ($1.2B), Brex ($1.2B)
10 SixThirty United States 122 51 Sharegain ($76.0M), mx51 ($74.2M), Angle ($62.0M)
Note: *Feed = FinTech. The number in bracket refers to the total funding raised by the company.
20 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions Acquisition Trends
IPOs List of Acquisitions
Companies Most Active Acquirers
Unicorns
Business Models
News
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Quick Snapshot - Acquisitions
Key Stats Y-o-Y Acquisition Trends All-time Top Acquisitions
$1.6B $1.3B $641M $710M $698M Company Acq. Price
4278 5.8 Yrs IHS Markit
$44.0B
(1959, London, $1.2B)
# Total Avg. yrs from first
Acquisitions funding to Acq. Afterpay
$29.0B
(2014, Melbourne, $35.4M)
Refinitiv
$689M $27.0B
$38.9M (1993, London)
22 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to index
List of Acquisitions
Company Acquirer(s) Acq. Date Acq. Price
TotalNet Minsait Dec 2023 NA
(, Uruguay)
23 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to index
List of Acquisitions
Company Acquirer(s) Acq. Date Acq. Price
BUX Abn Amro Dec 2023 NA
(2014, Netherlands, $117M)
24 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Most Active Acquirers
Average
# Acquirer Country # Acq. Companies Acquired
Acq. Price
1 Visma Norway 37 $143M Quaderno, Payday, Moloni, Xubio +33 more
2 Fiserv United States 14 $24.1B Yacaré, NetPay, Finxact ($650M), Pineapple Payments +10 more
3 Visa United States 13 $30.3B PROSE, Tink ($2.1B), Pismo ($1.0B), Currencycloud ($963M) +9 more
4 Thoma Bravo United States 12 $11.4B Hypergene, Anaplan ($10.7B), Bottomline Technologies, Greenphire +8 more
5 SS&C United States 12 $3.4B Tier1, Intralinks ($1.5B), Eze Software Group ($1.4B), Primatics Financial ($122M) +8 more
6 Mastercard United States 12 $3.2B Arcus, CipherTrace, Aiia, Ekata ($850M) +8 more
7 PayPal United States 12 $7.2B Venmo, Paidy ($2.7B), Curv, Gopay +8 more
9 Intuit United States 10 $8.2B SeedFi, Credit Karma ($7.1B), TSheets ($340M), KDK Softwares +6 more
25 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs IPO Trends
Companies List of IPOs
Unicorns
Business Models
News
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Quick Snapshot - IPOs
Key Stats Y-o-Y IPO Trends All-time Top IPOs
$1.3B $596M $5.4B $449M $69.4M Company IPO MCap
Nubank
$2.6B $41.5B
$347M (2013, Sao Paulo, $2.3B)
27 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to index
List of IPOs
Company Investors IPO Date IPO Mcap
Pineapple Nov 2023 $29M
(2016, Canada)
First Accounting Global Brain, Scrum Ven.., +2 more Sep 2023 $42M
(2016, Japan, $3M)
28 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to index
List of IPOs
Company Investors IPO Date IPO Mcap
AutoCount May 2023 $34M
(1996, Malaysia)
29 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies Companies by Geography
Unicorns Companies by Team Background - College wise
Business Models Companies by Team Background - Company wise
News
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Companies by Geography
Distribution by Country - Companies founded Top Cities by Companies founded
India 10652
San Francisco 2318
Canada 4091
Mumbai 1668
China 3802
Bengaluru 1582
Dubai 1127
Unfunded Companies Funded Companies
31 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Companies by Team Background - College wise
Distribution by Team Background
Note: Number in the bracket is the Total Funding raised by the Company
32 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Companies by Team Background - Company wise
Distribution by Team Background
Note: Number in the bracket is the Total Funding raised by the Company
33 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns Unicorn Trends
Business Models List of Unicorns
News
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Unicorn Trends
FinTech
287 4.1 $184M 4.5 9.3
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round
Global
1255 4.3 $180M 4.4 8.1
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round
Top Seed Stage Investors Top Early Stage Investors Top Late Stage Investors Top Countries
Y Combinator Sequoia Capital Tiger Global Management United States (123)
Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round.
35 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (1/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Vestwell Online platform for a workplace savings
Dec 2023 6.2 $113M 4 20
(2016, New York City, $238M) program
Lendbuzz
Online car loan platform Oct 2023 - $998M 10 10
(2015, Boston, $203M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
36 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (2/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Micro Connect Online investment platform for micro and small
Aug 2023 - $528M 2 10
(2021, Hong Kong, $578M) businesses
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
37 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (3/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Vesttoo AI-powered technology in data science,
Oct 2022 1.2 $23M 4 5
(2018, Tel Aviv, $103M) insurance risk transfer, and asset management
FinAccel
Online marketplace for point-of-sale financing Oct 2022 - - 0 0
(2015, Singapore, -)
Kredivo Holdings
Lending platform for consumer loans Oct 2022 5.0 $250M 5 16
(2015, Jakarta, $390M)
Satispay
Wallet-based payment solution for consumers Sep 2022 8.1 $125M 6 13
(2013, Milan, $471M)
Excalitrade
AI-based platform for trading in multiple assets Sep 2022 2.8 $128M 2 3
(2017, Tallinn, $328M)
Copper
Online custodian solutions for cryptocurrency Jul 2022 2.6 $595M 6 7
(2018, London, $791M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
38 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (4/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Stori Provider of NFC-enabled credit cards for
Jul 2022 2.4 $253M 5 11
(2018, Miguel Hidalgo, $228M) consumers
OneCard
Credit cards for consumer payments Jul 2022 3.0 $126M 5 11
(2019, Pune, $233M)
Pave
Cloud-based platform for payroll management Jun 2022 9.7 $375M 6 9
(2012, San Francisco, $175M)
Magic Eden
Online marketplace for non-fungible tokens Jun 2022 0.3 $27M 1 7
(2021, Mountain View, $157M)
Branch
Provider of auto and home insurance solutions Jun 2022 3.0 $83M 4 11
(2017, Columbus, $230M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
39 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (5/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Backbase Provider of banking software suite for banks
Jun 2022 - - 0 0
(2003, Amsterdam, $129M) and financial institutions
Addepar
Wealth management solutions for advisors May 2022 10.6 $529M 6 13
(2009, Mountain View, $529M)
Caribou
Online comparison platform for auto insurance May 2022 2.3 $74M 5 9
(2016, Washington, DC, $190M)
Unit
Open banking API solution May 2022 1.4 $70M 3 7
(2019, Tel Aviv, $170M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
40 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (6/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Paddle
SaaS-based payment solutions for merchants May 2022 5.6 $92M 4 6
(2012, Corby, $293M)
Neo Financial
Digital bank for individuals May 2022 1.4 $91M 4 11
(2019, Calgary, $299M)
Taxfix
Taxation software for individuals Apr 2022 3.7 $110M 4 5
(2016, Berlin, $330M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
41 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (7/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Voyager Innovations
Payment gateway solutions for businesses Apr 2022 - $502M 4 5
(2013, Mandaluyong, $712M)
Binance.US
App-based trading platform for cryptocurrency Apr 2022 - - 0 0
(2019, San Francisco, $200M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
42 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (8/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Roofstock
Online platform for real estate investments Mar 2022 6.6 $133M 7 16
(2015, Oakland, $373M)
Yubi
Lending-as-a-service platform for corporates Mar 2022 0.4 $102M 1 9
(2020, Chennai, $239M)
Helium
Hardware mining solutions for cryptocurrency Feb 2022 7.4 $180M 7 13
(2013, San Francisco, $370M)
Spotter
Online lending platform for content creators Feb 2022 2.4 $31M 2 0
(2019, Los Angeles, $255M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
43 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (9/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Akulaku
Online marketplace for point of sale financing Feb 2022 6.0 $330M 6 18
(2014, Jakarta, $345M)
Neon
Provider of an online bank for consumers Feb 2022 3.8 $417M 3 14
(2016, Sao Paulo, $726M)
GoCardless
Recurring payment solutions for businesses Feb 2022 8.8 $228M 8 11
(2011, London, $540M)
Dune Analytics
Data and analytics solutions for cryptocurrency Feb 2022 0.5 $10M 2 4
(2018, Oslo, $79M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
44 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (10/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Wayflyer Revenue-based financing platform for
Feb 2022 0.7 $86M 2 5
(2019, Dublin, $1.2B) eCommerce brands
Viva Payments
Payment accepting solution for businesses Feb 2022 3.8 $98M 3 5
(2000, Athens, $898M)
Veriff
AI based identity verification software Jan 2022 3.6 $92M 4 10
(2015, Tallinn, $200M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
45 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (11/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
iTrustCapital App-based regular trading platform for
Jan 2022 0.1 $131M 1 1
(2018, Irvine, $131M) cryptocurrency
PayFit
Cloud-based payroll management solution Jan 2022 5.2 $207M 4 9
(2016, London, $496M)
MoMo
Wallet for consumer payments Dec 2021 9.0 $234M 4 9
(2007, Ho Chi Minh City, $434M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
46 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (12/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Anchorage Digital Crypto platform for institutions with integrated
Dec 2021 3.5 $137M 3 8
(2017, San Francisco, $487M) financial services and infrastructure solutions
1inch
Decentralized financial solutions Dec 2021 1.0 $18M 3 18
(2020, Tortola, $15M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
47 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (13/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
The Bank of London Provider of clearing houses, digital and financial
Dec 2021 - $90M 1 3
(2021, London, $160M) services
Fundbox
AI-based platform for business loans Nov 2021 7.6 $784M 9 25
(2013, San Francisco, $734M)
slice
Credit cards for consumers Nov 2021 4.4 $314M 11 30
(2015, Bengaluru, $342M)
Gemini
Platform offering crypto exchange solutions Nov 2021 - - 1 1
(2014, New York City, $400M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
48 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (14/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Wrapbook Payroll management software for the
Nov 2021 0.7 $31M 2 4
(2018, New York City, $131M) entertainment industry
Upstox
App-based trading platform for stocks Nov 2021 5.8 $214M 3 9
(2009, Mumbai, $220M)
CoinList
App-based trading platform for cryptocurrency Oct 2021 3.6 $19M 2 10
(2017, San Francisco, $119M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
49 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (15/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Candy Provider of a platform offering digital
Oct 2021 - - 0 0
(2020, Rockland, $138M) collectibles
MoonPay
Online trading platform for cryptocurrency Oct 2021 - - 0 0
(2019, Remote, $643M)
Masterworks
Online platform for investment in the artwork Oct 2021 - - 0 0
(2017, New York City, $110M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
50 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (16/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Sky Mavis Blockchain-based video game development
Oct 2021 0.4 $9M 2 10
(2019, $311M) studio
Axie
Decentralized strategy-based gaming platform Oct 2021 0.4 $9M 2 10
(2018, Ho Chi Minh City, $161M)
Konfío
Financial solutions platform provider Sep 2021 5.4 $636M 8 10
(2014, Miguel Hidalgo, $378M)
Ascend Money
Financial services platform for individuals Sep 2021 - - 1 0
(2013, Bangkok, $150M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
51 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (17/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
XTransfer Company provides cross-border financial and
Sep 2021 2.9 $30M 5 11
(2017, Shanghai, $168M) risk management service company
BitSight
Cloud-based cyber risk management solutions Sep 2021 8.3 $148M 5 10
(2011, Boston, $398M)
Varo
Digital bank for individuals Sep 2021 5.4 $481M 6 7
(2015, San Francisco, $991M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
52 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (18/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Scalapay Provider of payment solutions for e-commerce
Sep 2021 - $49M 1 2
(2019, Milan, $953M) businesses
Sightline Payments
Payment solutions for gaming industries Aug 2021 9.3 $115M 7 4
(2009, Las Vegas, $359M)
Uala
NFC-enabled prepaid cards provider Aug 2021 3.6 $194M 5 12
(2017, Buenos Aires, $544M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
53 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (19/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
TaxBit Crypto tax management and accounting
Aug 2021 0.4 $106M 4 16
(2018, Salt Lake City, $237M) solutions for individuals and businesses
FreshBooks
Cloud-based invoicing and accounting software Aug 2021 7.1 $73M 3 5
(2003, Toronto, $154M)
Human Interest
Employer-enabled retirement planning Aug 2021 3.5 $135M 6 13
(2015, San Francisco, $500M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
54 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (20/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
VNPAY
Payment processing solutions for merchants Jul 2021 - $300M 1 2
(2007, Hanoi, $550M)
Mercury
Digital bank for startups Jul 2021 2.3 $26M 3 4
(2010, San Francisco, $146M)
At-Bay
Online cyber insurance platform for businesses Jul 2021 - $87M 4 7
(2016, Mountain View, $292M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
55 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (21/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
FloQast Cloud-based solution for automated account
Jul 2021 5.4 $73M 5 7
(2013, Los Angeles, $192M) reconciliation
MobileCoin
Decentralized P2P cryptocurrency for payments Jul 2021 - $41M 2 3
(2017, San Francisco, $183M)
Mercado Bitcoin
Online trading platform for cryptocurrency Jul 2021 0.4 $38M 1 4
(2013, Sao Paulo, $238M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
56 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (22/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Transmit Security Provider of cloud-based multi-modal biometric
Jun 2021 - - 0 0
(2014, Boston, $543M) systems for authentication
Amber Group
Provider of blockchain-based financial solutions Jun 2021 1.3 $28M 1 7
(2017, Singapore, $628M)
Clip
Provider of mPOS solutions to offline retailers Jun 2021 6.5 $147M 7 10
(2012, Mexico City, $396M)
Trulioo
KYC and AML solutions for multiple industries Jun 2021 7.2 $83M 7 7
(2011, Vancouver, $477M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
57 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (23/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
ManyPets Provider of cloud-based platform for pet
Jun 2021 4.4 $10M 1 2
(2012, Atlanta, $360M) insurance
Chipper Cash
Cross-border remittance platform for individuals May 2021 1.0 $52M 4 6
(2018, San Francisco, $305M)
Sunbit
Online platform for point of sale financing May 2021 - $201M 4 7
(2016, Los Angeles, $201M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
58 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (24/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Vise
AI-based portfolio management solutions May 2021 1.0 $61M 2 6
(2016, New York City, $125M)
Teya
Payment processing solution for businesses May 2021 - - 0 0
(2019, London, $845M)
Ethos
Online life insurance platform May 2021 2.9 $107M 6 10
(2016, San Francisco, $408M)
Current
Digital bank for individuals Apr 2021 3.5 $161M 5 13
(2015, New York City, $400M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
59 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (25/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Lendable
An online platform for personal loans Apr 2021 4.2 $1.0B 8 3
(2014, London, $289M)
Sift
Fraud prevention solutions for payments Apr 2021 8.1 $111M 8 10
(2011, San Francisco, $161M)
Clearco
Revenue-based financing solution Apr 2021 - $300M 1 5
(2015, Toronto, $905M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
60 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (26/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
The Zebra Online insurance comparison platform for
Apr 2021 5.2 $107M 8 9
(2012, Austin, $262M) individuals
Pilot
Bookkeeping solutions for businesses Mar 2021 3.0 $122M 5 4
(2017, San Francisco, $222M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
61 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (27/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Coalition Online property and casualty insurance
Mar 2021 3.0 $140M 3 7
(2017, San Francisco, $770M) platform for businesses
Bitpanda
Trading platform for cryptocurrencies Mar 2021 0.5 $52M 2 2
(2014, Vienna, $530M)
Flutterwave
Payment processing solutions for businesses Mar 2021 2.4 $69M 7 21
(2016, San Francisco, $489M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
62 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (28/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Kraken App-based trading & exchange platform for
Mar 2021 6.9 $32M 5 3
(2011, San Francisco, $32M) cryptocurrency
Webull
Online trading platform for capital market assets Feb 2021 3.8 $52M 4 5
(2018, New York City, $202M)
Public
Multi-asset investing platform for consumers Feb 2021 1.7 $80M 4 7
(2017, New York City, $300M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
63 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (29/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Sidecar Health Online health insurance platform for individuals
Jan 2021 1.5 $38M 2 5
(2018, El Segundo, $175M) and businesses
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
64 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (30/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
stc pay
App-based wallet for consumer payments Nov 2020 - - 0 0
(2018, Riyadh, $200M)
Wealthsimple
Online robo advisory and stock trading platform Oct 2020 5.5 $204M 6 3
(2014, Toronto, $901M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
65 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (31/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Mollie Company provides online payment solutions for
Sep 2020 1.2 $28M 1 0
(2004, Amsterdam, $940M) business
Hippo
Online platform for homeowners insurance Jul 2020 3.6 $209M 4 19
(2015, Palo Alto, $709M)
Upgrade
Payment cards for personal finance Jun 2020 3.2 $122M 2 9
(2016, San Francisco, $600M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
66 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (32/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Wefox App-based P&C insurance comparison platform
Dec 2019 3.2 $159M 4 13
(2015, Berlin, $1.5B) for individuals
Figure
Blockchain-based platform for consumer loans Nov 2019 1.5 $1.1B 3 7
(2018, San Francisco, $435M)
EBANX
Payment processing solutions for businesses Oct 2019 1.9 $30M 1 2
(2012, Curitiba, $430M)
Deposit Solutions
Open banking API solutions Sep 2019 4.0 $150M 5 6
(2011, Hamburg, $212M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
67 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (33/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Acorns App-based platform for spare change
Aug 2019 - $288M 9 19
(2012, Irvine, $588M) investment
Tongdun Technology
AI-based fraud detection solutions Jun 2019 4.9 $246M 6 17
(2013, Hangzhou, $246M)
Carta
Software-based equity management solutions May 2019 4.3 $148M 5 18
(2012, San Francisco, $1.2B)
Airwallex
Cross-border payment solution for businesses Mar 2019 1.9 $102M 4 12
(2015, Melbourne, $1.1B)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
68 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (34/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
N26 Internet-first bank offering diversified digital
Jan 2019 3.7 $213M 6 8
(2013, Berlin, $1.7B) banking services for consumers and businesses
Monzo
Internet first bank for individuals and businesses Oct 2018 2.7 $136M 9 5
(2015, London, $1.2B)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
69 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (35/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Circle Cross-border payment solution for businesses
May 2018 - - 0 0
(2013, Boston, $950M) focusing on cryptocurrency
WeLab
Online marketplace for financial products Nov 2017 2.8 $205M 3 7
(2013, Hong Kong, $1.5B)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
70 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Unicorns (36/36)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Clover Health
Online healthcare insurance platform for seniors May 2017 2.0 $308M 6 13
(2014, Jersey City, $938M)
51 Credit Card
Credit card bill management tool for consumers Sep 2016 2.9 $115M 5 6
(2012, Hangzhou, $509M)
Avant
Online platform for consumer loans Sep 2015 2.4 $1.4B 10 6
(2012, Chicago, $905M)
Dianrong
P2P platform for personal loans Aug 2015 2.1 $12M 3 3
(2012, Shanghai, $549M)
Mozido
Cloud-based white-label wallets Oct 2014 0.4 $103M 3 3
(2008, Austin, $288M)
1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round
71 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Vestwell
Online platform for a workplace savings program
1.2K
Twitter Followers
NA
Mobile Downloads
72 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Tamara
Provider of an online platform for point-of-sale financing
106K
Twitter Followers
3.0M
Mobile Downloads
Postpay
(2019, Dubai, $35M) ()
Aug 2022 $100M Series B Sanabil, Checkout, Co.. +2 more • Feb 2023 - Anghami partners with Tamara to drive payment innovation
Fintech Finance
Apr 2021 $110M Series A Checkout
• Nov 2022 - noon.com Partners With Tamara To Provide Interest-free Split
Apr 2021 Undis.. Conven.. Checkout Payment Options AlBawaba
View all 7 Funding Rounds View all Key News
73 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
BioCatch
Provider of behavioral biometrics cybersecurity solutions
1.4K
Twitter Followers
NA
Mobile Downloads
Howard Edelstein
Chairman & CEO
Acadiasoft, ex-Advent International, CEO Unit21 Guardian Analy... BehavioSec
BondDesk Group, BT Radianz, T.. (2018, San Francisco, $92M) (2005, Mountain View, $50M) (2008, San Francisco, $25M)
Sep 2020 $20M Series C Barclays, HSBC +2 more • Aug 2023 - BioCatch Launches Comprehensive Data-Scanning ‘Connect’
Solution to Fight Fraud FindBiometrics
Apr 2020 $145M Series C Bain Capital +5 more
• Jun 2023 - BioCatch now available on Microsoft’s Cloud for Financial
Mar 2018 $30M Series B Maverick Ventures, OurC.. +5 more Services Finextra
Jun 2014 $10M Series A OurCrowd, Blumberg Capital
74 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
InCred
Online platform offering diversified consumer and business loans
4.5K
Twitter Followers
NA
Mobile Downloads
75 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Enable
Custom software and product development services
677
Twitter Followers
3.0K
Mobile Downloads
TTR’s ECMS
(2015) ()
76 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Tabby
Provider of AI-based purchase financing solutions to businesses
41.2K
Twitter Followers
NA
Mobile Downloads
Aug 2021 $50M Series B Global Founders Capital +11 more • Nov 2023 - Saudi-based Tabby achieves unicorn status with new funding
round worldfin.news
View all 11 Funding Rounds View all Key News
77 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Lendbuzz
Online car loan platform
150
Twitter Followers
NA
Mobile Downloads
Dec 2022 $135M Conven.. Regions Bank • Jul 2019 - U.S. Fintech Lendbuzz Secures $150 million in Debt & Equity
Financing Crowdfund Insider
Nov 2022 $150M Conven.. J P Morgan
78 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Kin
Online platform for homeowner insurances for individuals
NA
Twitter Followers
NA
Mobile Downloads
79 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Micro Connect
Online investment platform for micro and small businesses
NA
Twitter Followers
NA
Mobile Downloads
Investable
(2014, Hong Kong)
• Apr 2022 - China MSME financier raises $70m Asian Venture Capital Journal
80 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Back to List
Toss Bank
Provider of digital bank for individuals and businesses
NA
Twitter Followers
NA
Mobile Downloads
81 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (1/32)
Company Seed Stage Early Stage Late Stage
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
82 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (2/32)
Company Seed Stage Early Stage Late Stage
Papara
inclusivefintech50.com
(2016, Istanbul)
Nagad
inclusivefintech50.com
(2018, Dhaka)
SageSure
(2006, Jersey City, $250M)
Liquidity Group
sparkcapital.com, innovationfund.eu, mufg.jp apollofunds.com
(2018, Tel Aviv, $120M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
83 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (3/32)
Company Seed Stage Early Stage Late Stage
FinAccel
squarepeg.vc
(2015, Singapore)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
84 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (4/32)
Company Seed Stage Early Stage Late Stage
Backbase
(2003, Amsterdam, $129M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
85 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (5/32)
Company Seed Stage Early Stage Late Stage
TransferMate
ing.com, aib.ie
(2010, Kilkenny, $130M)
Opn
bonds-ig.com globalbrains.com, 31ventures.jp global.toyota
(2013, Bangkok, $222M)
Taxfix
creandum.com, redalpine.com valar.com, n26.com, mk-vc.com indexventures.com
(2016, Berlin, $330M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
86 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (6/32)
Company Seed Stage Early Stage Late Stage
Binance.US
nolimitholdings.xyz jeneration.com
(2019, San Francisco, $200M)
Oxyzo
(2016, Gurgaon, $201M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
87 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (7/32)
Company Seed Stage Early Stage Late Stage
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
88 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (8/32)
Company Seed Stage Early Stage Late Stage
Spotter
thirdwavedigital.vc mcwin.cz innovacapitalpartners.com, coffincapital.co
(2019, Los Angeles, $255M)
Dune Analytics
dragonfly.xyz, sondo.com usv.com, redpoint.com, multicoin.capital
(2018, Oslo, $79M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
89 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (9/32)
Company Seed Stage Early Stage Late Stage
FTX US
telstraventures.com
(2019, Berkeley, $400M)
Animoca Brands bcryptos.com, square-enix.com, tgv4plus.com, sequoiacap.com, 10tfund.com, com2us.com, pdsoros.org, miraeasset.com, wildcatcap.com,
(2006, Kowloon, $870M) mindfulnesscap.., +20 more msacap.com, tessvent.., +35 more senatorlp.com, +11 more
iTrustCapital
leftlane.com
(2018, Irvine, $131M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
90 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (10/32)
Company Seed Stage Early Stage Late Stage
Accelerant
altamontcapital.com
(2018, Colchester, $343M)
FWD
apollo.com
(2013, Hong Kong, $1.8B)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
91 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (11/32)
Company Seed Stage Early Stage Late Stage
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
92 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (12/32)
Company Seed Stage Early Stage Late Stage
Mynt
antfinancial.com, ayala.com.ph bowwavecap.com
(2015, Cabanatuan City, $475M)
coatue.com, addition.com,
Alchemy
mantisvc.com thechainsmokers.com, dfjgrowth.com, +16
(2017, San Francisco, $564M)
more
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
93 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (13/32)
Company Seed Stage Early Stage Late Stage
Torpago
(2019, San Francisco, $7M)
Candy
chaosvc.com
(2020, Rockland, $138M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
94 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (14/32)
Company Seed Stage Early Stage Late Stage
CoinSwitch
peakxv.com tigerglobal.com, ribbitcap.com, paradigm.xyz
(2017, Bengaluru, $302M)
Masterworks
hartbeatventures.com
(2017, New York City, $110M)
Ascend Money
(2013, Bangkok, $150M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
95 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (15/32)
Company Seed Stage Early Stage Late Stage
Atome
jdac.com
(2016, Singapore)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
96 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (16/32)
Company Seed Stage Early Stage Late Stage
Scalapay
fasanara.com, baleencap.com, polihub.it
(2019, Milan, $953M)
Uala p72.vc, bvp.com, alleycorp.com, gaingels.com, tencent.com, gsipventures.com, ribbitcap.com, goldmansachs.com, endeavor.org,
(2017, Buenos Aires, $544M) chaosvc.com jefferies.com, +3 more latinamericafund.com, soros..
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
97 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (17/32)
Company Seed Stage Early Stage Late Stage
Matrixport
longwincap.com, hack.vc, castleisland.vc paradigm.xyz, blockchaincoinvestors.com
(2019, Singapore, $129M)
Deribit
lc.ventures, humla.vc
(2016, Amsterdam, $140M)
VNPAY
visionfund.com, gic.com.sg, tekoventures.vn
(2007, Hanoi, $550M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
98 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (18/32)
Company Seed Stage Early Stage Late Stage
VNLIFE
gic.com.sg, visionfund.com
(2007, Hanoi, $550M)
Solaris finleap.com, yabeo.de, hegus.com, sbinvestment.co.jp, bbva.com, abnamro.com, decisive.com, pathwaycapital.com, cnp.be,
(2016, Berlin, $445M) coastcap.com, scopehanson.c.., +1 more bertelsmann.com, +3 more ivc.fund, capital.v.., +5 more
LMAX Digital
(2010, London)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
99 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (19/32)
Company Seed Stage Early Stage Late Stage
Bolttech
(2020, Singapore, $493M)
Transmit Security
(2014, Boston, $543M)
Bunq
(2012, Amsterdam, $342M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
100 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (20/32)
Company Seed Stage Early Stage Late Stage
ManyPets
octopusventures.com, munichreventures.com
(2012, Atlanta, $360M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
101 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (21/32)
Company Seed Stage Early Stage Late Stage
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
102 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (22/32)
Company Seed Stage Early Stage Late Stage
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
103 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (23/32)
Company Seed Stage Early Stage Late Stage
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
104 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (24/32)
Company Seed Stage Early Stage Late Stage
Starling Bank
merian.com, jtcgroup.com
(2014, London, $1.1B)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
105 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (25/32)
Company Seed Stage Early Stage Late Stage
sp100fund.com,
Kraken fifthera.com, g1.vc, pallasiteventures.com, moneypartners-group.co.jp, sbigroup.co.jp,
straightpathventurepartners.com, privatesh..,
(2011, San Francisco, $32M) finsightvc.com, +43 more hummingbird.vc, +6 more
+1 more
Earnix
crossconti.com jvpvc.com, formulaventures.com, 555.co.il vintage-ip.com, igpcapital.com, peh.ch
(2001, Givatayim, $98M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
106 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (26/32)
Company Seed Stage Early Stage Late Stage
stc pay
(2018, Riyadh, $200M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
107 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (27/32)
Company Seed Stage Early Stage Late Stage
Mollie
apollocapital.de fernbrookmgmt.com
(2004, Amsterdam, $940M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
108 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (28/32)
Company Seed Stage Early Stage Late Stage
Zerodha
(2010, Bengaluru)
Pine Labs peakxv.com, redbrook.com, aroaventures.com, act.is, altimeter.com, sofinagroup.com, temasek.com.sg, paypal.com,
(1998, Noida, $1.6B) whiteventurecap.., +1 more madison-india.com, +3 more octahedroncapital.com
Hastee
fig.vc, id8investments.com, sherry.ventures fuelventurecapital.com
(2017, London, $269M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
109 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (29/32)
Company Seed Stage Early Stage Late Stage
EBANX
ftvcapital.com, endeavor.org
(2012, Curitiba, $430M)
Ivalua
ardian.com, drapertriangle.com kkr.com
(2000, Redwood City, $134M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
110 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (30/32)
Company Seed Stage Early Stage Late Stage
Zoho
(1996, Chennai)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
111 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (31/32)
Company Seed Stage Early Stage Late Stage
BGL Group
(1992, Peterborough, $906M)
OakNorth
venturecenter.co indiabullshomeloans.com, levelvc.com amalthea-capital.com
(2015, London, $962M)
Tuandai
jdcapital.com, ebicapital.cn
(2011, Dongguan, $368M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
112 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investors in Unicorns by Stage of Entry (32/32)
Company Seed Stage Early Stage Late Stage
Mozido
tomorrowvc.com brentwood.com, atlanticus.com quabbincapital.com
(2008, Austin, $288M)
Auction.com
joyancepartners.com stonepoint.com, thl.com
(2007, Irvine, $142M)
Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.
113 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Unicorn Investors
# Unicorn
# Investor Name Country Unicorns in Feed
portfolio in Feed*
1 Insight Venture Partners United States 417 Zenefits, Qualtrics, SmartRecruiters, Light…+5 others
2 Idinvest Partners United States 501 PayFit ($4.6M), JobTeaser ($4.6M), Peakon ($4.6M)
3 Crosslink Capital France 248 SilkRoad ($4.6M), BetterUp ($4.6M), Hired ($4.6M)
4 Battery Ventures United States 522 Glassdoor ($4.6M), HackerRank ($4.6M), Vndly ($4.6M)
5 Summit Partners United States 328 Sharecare ($4.6M), Visier ($4.6M), Rocket Fuel ($4.6M)
6 Mercia France 310 AppLearn ($4.6M), SHE software ($4.6M), Clear Review ($4.6M)
7 Owl Capital United States 59 Gusto ($4.6M), Amino ($4.6M), Crew ($4.6M)
8 Industry Ventures United States 193 ZipRecruiter ($4.6M), Grovo ($4.6M), Upwork ($4.6M)
9 Partech Partners France 287 Jobpartners ($4.6M), OpenSesame ($4.6M), Qapa ($4.6M)
10 Siparex United States 422 360Learning ($4.6M), Studitemps ($4.6M), eXo ($4.6M)
Note: *Feed = FinTech. The number in bracket refers to the total funding raised by the company.
114 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
IPOs
Acquisitions
Companies
Unicorns
Business Models Top Funded Business Models
News Taxonomy
Appendix
Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year (1/5)
Rank Business Model $ Funding # Rounds Top Funding Round Details
4 ▲21 Multi Factor Authentication $700M 24 Aleph Alpha | $500M | Series B Link
8 -- Crowdfunding for Energy Projects $525M 8 Clean Capital | $500M | Series B Link
9 ▲13 Financial Institution KYC Software $487M 29 Perfios | $229M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
116 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year (2/5)
Rank Business Model $ Funding # Rounds Top Funding Round Details
11 ▲10 Online Corporate Credit Cards $427M 5 Ramp | $339M | Series D Link
16 ▲19 Loan Life Cycle Management $369M 26 Perfios | $229M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
117 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year (3/5)
Rank Business Model $ Funding # Rounds Top Funding Round Details
22 -- Financial Planning & Analysis Solution $272M 32 Puzzle | $30.0M | Series B Link
25 ▲14 Company Filings Data Platform $254M 4 AlphaSense | $150M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
118 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year (4/5)
Rank Business Model $ Funding # Rounds Top Funding Round Details
38 ▼14 Insurance Agency Management System $175M 13 Wefox | $55.0M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
119 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year (5/5)
Rank Business Model $ Funding # Rounds Top Funding Round Details
46 ▼17 Crypto Based Personal Loans $129M 20 Salt lending | $64.4M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
120 Feed Report - FinTech - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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