Top 5 Global Fintech Investors: From Q2 2019 to Q2 2020 and Where They Invested1 September 2020
Sequoia Capital, 500 Startups, Ribbit Capital, Accel and Global Founders Capital (GFC) were the five most active fintech venture capital (VC) investors in deal count from Q2 2019 to Q2 2020, according to an analysis by CB Insights.
Sequoia Capital, which includes its US, China, and India funds, was the most active VC investor across this time period, inking deals to startups including online payment processing startup Stripe, which raised a US$600 million Series G in April, retail trading platform Robinhood, which raised US$280 million in a Series F funding round in May, and Brazil-based challenger bank NuBank, which raised US$300 million in June.
According to Dealroom, Sequoia Capital has a portfolio of 96 fintech companies, among which Klarna (Sweden), Prosper (USA), Lemonade (Israel), WeLab (Hong Kong), Pine Labs (India) and Funding Societies (Singapore).
Startup accelerator and VC firm 500 Startups was the second most active VC investor in fintech between Q2 2019 and Q2 2020, participating in Israeli CreditStacks’ US$10 million round in November 2019, UAE-based wealthtech startup Sarwa’s US$8.4 million Series A, and Vietnamese credit scoring startup Trusting Social’s US$25 million round.
According to Dealroom, 500 Startups has a portfolio of 244 fintech companies, including Chipper (Ghana), BeeCash (Indonesia), Kin Insurance (USA), and Magnetis (Brazil).
Ribbit Capital, a fintech-focused VC firm, was the third most active VC during the period, having co-led Indian fintech startup Bharat’s US$75 million round in February, as well as DreamPlug Technologies’ US$101 million round in August 2019.
According to Dealroom, Ribbit Capital has a portfolio of 54 fintech companies, including Coinbase (USA), Credit Karma (USA), Raisin (Germany), Viva Republica (South Korea), Wealthfront (USA) and Revolut (UK).
American VC firm Accel was the fourth most active fintech investor between Q2 2019 and Q2 2020. Accel led a US$77 million funding round for fintech firm Galileo in October 2019 and a US$67 million Series B for German wealhtech startup Trade Republic in April 2020, and participated in Indian digital gold loans startup Rupeek’s US$60 million Series C in February 2020.
According to Dealroom, Accel has a portfolio of 61 fintech companies, including WorldRemit (UK), Monzo (UK), FalconX (USA) and Anyfin (Sweden).
Global Founders Capital (GFC)
Germany’s GFC, known as Rocket Internet’s VC arm, was the fifth most active fintech VC investor during the period, participating in French accounting startup Pennylane’s EUR 4 million round and Swedish home refinancing startup Anyfin’s US$30 million Series B in May 2020, and leading Indonesian student loan startup Pintek’s pre-Series A round in November 2019.
According to Dealroom, GFC has a portfolio of 59 fintech companies, among which Revolut (UK), Mamo Pay (India), Benepass (USA), Pixpay (France), Modifi (Germany) and TaxBit (USA).
Top early stage VCs for European fintech companies
In Europe, the most active early-stage (pre-seed, seed and Series A) VC investors come from the UK and Germany, two locations that also attract the most funding, according to an analysis by Sifted.
Between 2015 and 2019, Sweden’s NFT Ventures was the most active early-stage fintech VC investor, having participated in 49 rounds, including UK startup Credit Kudos’ GBP 2.2 million seed round in April 2019, Finnish Zervant’s EUR 6 million Series A in June 2019, and Swedish wealthtech startup BetterWealth’s US$980,000 funding round in November 2018. Other notable European fintech portfolio companies include payments startup Betalo (Sweden) and personal finance management app Bean (UK).
NFT Ventures is followed by Austria’s Speedinvest with 47 fintech deals, including Paris-based digital banking startup FairMoney’s EUR 10 million Series A funding round in September 2019, Madrid-based mobile-first neobank Bnext’s EUR 21 million Series A in October 2019, and French payments startup Lemon Way’s EUR 25 million Series A in October 2019. Other notable European fintech portfolio companies include insurtech unicorn WeFox (Germany) and payment card startup Curve (UK).
Seedcamp was the third most active early stage fintech VC investor between 2015 and 2019 with 46 rounds, including Madrid-based StudentFinance’s US$1.27 million seed round in December 2019 and Latvian financial data analytics startup Nordigen’s US$800,000 seed round in September 2018. Other notable portfolio fintech companies include UK-based TransferWise and Monese.
This article first appeared on fintechnews.ch