Global Fintech Investment Sees Uptick
The global fintech sector is witnessing a resurgence in investments. This development is highlighted by KPMG’s recent release of its Pulse of Fintech report for the second half of 2024. According to the report, fintech investment rose to $25.9 billion in the fourth quarter of 2024, up from $18 billion in the third quarter. Although this growth may not match the fervor seen in previous years, such as 2021, the fintech space remains attractive to venture capitalists, as evidenced by the activity in our inboxes.
While the current investment landscape may not be as exuberant as it was in the past, there is still significant interest and investment in fintech. The following list highlights a few venture capitalists (VCs) who are bullish on the fintech sector and are actively investing in it.
Infinity Ventures
About the VC: Infinity Ventures is a venture firm focused on early-stage fintech startups globally. Founded by Jeremy Jonker, Jay Ganatra, and Mario Ruiz, the firm has a strong background in fintech, with its founders previously being part of PayPal Ventures.
Infinity Ventures closed its first fund of $158 million in October 2021 and subsequently raised a $184 million Fund II in October 2024, bringing its total assets under management to over $350 million.
Average check size: The firm’s investment size varies by stage, with pre-seed investments ranging from $1-2 million, seed stage from $2-4 million, and Series A from $5-10 million.
Notable investments: Infinity Ventures has invested in notable fintech startups such as Rainforest, Pagos, and Mendel.
Most recent big investment: One of its recent investments includes SimpleClosure, a platform that facilitates business closures.
Infinity Ventures focuses on B2B fintech and commerce enablement, indicating its strategic interest in supporting businesses that enhance financial transactions and commerce.
Better Tomorrow Ventures
About the VC: Founded in 2019 by Jake Gibson and Sheel Mohnot, Better Tomorrow Ventures is dedicated to leading rounds in pre-seed and seed-stage fintech companies globally. With $225 million in assets under management, the firm is committed to fostering growth in early-stage fintech startups.
Average check size: Better Tomorrow Ventures typically invests between $500,000 to $4 million in its portfolio companies.
Notable investments: The firm has invested in several notable fintech startups, including Unit, Relay, Coast, and Charlie.
Most recent major investment: One of its recent investments is in Basis, where Better Tomorrow Ventures led the seed round, and Khosla Ventures led the Series A round.
Sheel Mohnot, co-founder of Better Tomorrow Ventures, emphasizes the importance of a compelling pitch and has shared an example of a successful cold email that worked in getting the firm’s attention.
The Fintech Fund
About the VC: Founded in 2022 by Nik Milanović, known for his “This Week in Fintech” newsletter, The Fintech Fund invests in fintech companies globally at the pre-seed and seed stages. The firm closed its second $10 million fund in September 2024, demonstrating its commitment to early-stage fintech investing.
Average check size: The Fintech Fund’s investments range from $200,000 to $400,000, tailored for early-stage companies.
Notable investments: The fund has invested in Rainforest, Unit, Cascading AI, and Ansa.
Most recent major investment: The Fintech Fund recently invested in WiseLayer, showcasing its interest in AI-driven fintech solutions.
Nik Milanović emphasizes the hands-on approach of The Fintech Fund, aiming to provide not just capital but also community support, consulting, and referrals to its portfolio companies.
TTV Capital
About the VC: Atlanta-based TTV Capital focuses on investing in early-stage companies, particularly those in traditional fintech, fintech-enabled businesses, and the future of fintech. With over $750 million in assets under management, TTV Capital is a significant player in the fintech investment landscape.
Average check size: The firm’s average investment ranges from $2 million to $8 million, catering to the needs of early-stage companies.
Major investments: TTV Capital has investments in Green Dot, Bill.com, and Greenlight, showcasing its diverse portfolio in fintech.
Most recent major investments: Recent investments include Source Link
