Tracxn - Top Business Models - FinTech - Mar 2022
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The Tracxn report provides a comprehensive overview of fintech funding in the past year, highlighting significant investments across various business models. Key sectors include business payments solutions and cryptocurrency trading platforms, with top-funded models reflecting trends in consumer banking and digital finance. The report also details notable funding rounds and the geographical distribution of investments, emphasizing the U.S. as a leading market.
Tracxn - Top Business Models - FinTech - Mar 2022
- 1. TRACXN TOP BUSINESS MODELS REPORT March 11, 2022 FINTECH
- 2. FinTech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Contents FinTech Funding Overview 3 Top Funded Business Models 4 One Pagers 9 Appendix 59 2
- 3. FinTech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Funding in last 1 year 3 Payments $28.1B Banking Tech $19.5B Alternative Lending $17.6B Investment Tech $17.0B Cryptocurrencies $15.9B Finance & Accounting Tech $13.6B Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Y Combinator Global Founders Capital AU21 Capital 189 37 37 Early Stage Tiger Global Management Andreessen Horowitz Sequoia Capital 50 38 37 Late Stage Tiger Global Management Sequoia Capital Accel 52 35 31 Funding by Geography Top Feeds by $ Funding Top Funding Rounds United States (39%) United Kingdom (13%) India (8%) France (4%) China (3%) Germany (3%) Canada (3%) Others (26%) $ Funding # Rounds FWD (2013, China) $1.4B - PE FNZ (2003, United Kingdom) $1.4B - PE Devoted Health (2017, United States) $1.1B - Series D Paytm (2009, India) $1.1B - Series H Checkout (2012, United Kingdom) $1.0B - Series D FTX (2018, Bahamas) $900M - Series B Trade Republic (2015, Germany) $900M - Series C N26 (2013, Germany) $900M - Series E SumUp (2012, United Kingdom) $895M - Series D insightsoftware (2001, United States) $800M - PE Mollie (2004, Netherlands) $800M - Series C Revolut (2015, United Kingdom) $800M - Series E
- 4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲6 Business Payments Solutions $4.8B 52 Checkout | $1.0B | Series D Link 2▼1 Cryptocurrency Trading Platforms $4.5B 67 FTX | $900M | Series B Link 3▲2 Digital Native Banks $3.6B 15 N26 | $900M | Series E Link 4▼1 Internet First Point of Sale Financing $3.1B 42 Klarna | $639M | Series H Link 5▼3 Digital Wallets $2.9B 57 Paytm | $1.1B | Series H Link 6▲26 Internet First Banks for Businesses with Partner Bank's License $2.9B 47 Qonto | $552M | Series D Link 7▼3 Internet First Retail Banks with Partner Bank's License $2.8B 73 Chime | $750M | Series G Link 8▲38 Corporate Travel & Expense Cards $2.7B 35 Brex | $425M | Series D Link 9▲104 POS Payment Terminals $2.4B 23 SumUp | $895M | Series D Link 10▼1 Online Business Payments $2.2B 74 Mollie | $800M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11▲31 Internet First Corporate Credit Card Issuers $2.0B 27 Brex | $425M | Series D Link 12▼6 Internet First Health Insurers $1.6B 17 Devoted Health | $1.1B | Series D Link 13▲11 KYC for Financial Institutions $1.6B 37 Socure | $450M | Series E Link 14▼2 Internet-First Property and Casualty Insurers $1.5B 18 Wefox | $650M | Series C Link 15▲24 Payroll Management Solutions $1.5B 21 Deel | $425M | Series D Link 16▲20 Cryptocurrency Exchanges $1.5B 64 Blockchain | $300M | Series C Link 17▲28 P2P Wallet Remittance $1.4B 25 Mynt | $300M | Series D Link 18▼5 Retail Banking $1.2B 9 Varo | $510M | Series E Link 19▲2 Open Banking API Providers $1.1B 54 Solarisbank | $224M | Series D Link 20▲33 KYC Solutions for Banks $1.1B 18 Socure | $450M | Series E Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲5 B2B Remittance $857M 14 Tipalti | $270M | Series F Link 22▲45 Internet First Business Loans Marketplace $825M 28 MarketFinance | $383M | Series C Link 23▼13 Crypto Financial Services $822M 63 Paxos | $300M | Series D Link 24▲123 Crypto Based Personal Loans $792M 28 Celsius Network | $750M | Series B Link 25▲13 Social Trading Platforms for Stocks $767M 12 eToro | $650M | Series F Link 26▲46 Internet First Working Capital Loans Marketplaces $760M 14 OfBusiness | $325M | Series G Link 27▲80 Vendor Risk Management $750M 4 Socure | $450M | Series E Link 28▲22 Open Banking APIs for Payments $739M 35 TrueLayer | $130M | Series E Link 29▲72 Open Banking Aggregation APIs $739M 35 Plaid | $425M | Series D Link 30▼13 International Business Payments $729M 13 Rapyd | $300M | Series E Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31▲43 Insurance Agency Management $698M 13 Wefox | $650M | Series C Link 32▲22 Internet First Credit Cards $694M 18 Upgrade | $280M | Series F Link 33▲4 Payment Fraud Monitoring Solutions $690M 19 Trulioo | $394M | Series D Link 34▲44 Banking Software Suite $640M 16 Zeta | $250M | Series C Link 35▼13 Accounts Payables Payment Solutions $638M 7 Tipalti | $270M | Series F Link 36▲95 Employee Insurance Benefits Administration $626M 25 Konfío | $125M | Series E Link 37▲29 Financial Planning & Analysis Software $621M 17 insightsoftware | $800M | PE Link 38▲13 Internet First Lenders $620M 5 Mynt | $300M | Series D Link 39▲20 SMB Accounting $607M 40 Nanjing Yunji.. | $100M | Series E Link 40▲89 Payroll Payments Solutions $590M 4 Deel | $425M | Series D Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41▲55 Accounts Payable and Receivable Management $588M 16 Tradeshift | $200M | Series F Link 42▲47 Internet First Auto Insurers $574M 21 Acko | $255M | Series D Link 43▲44 Internet First Revenue Based Financing $562M 25 Clearco | $215M | Series D Link 44▼24 Core Banking Platforms $561M 8 Mambu | $266M | Series E Link 45▼1 Cap Table Management $550M 12 Carta | $500M | Series G Link 46▲40 Internet First Pet Insurers $538M 5 Bought By Many | $350M | Series D Link 47▼39 Card Linked Digital Wallets $519M 13 Grab | $375M | Series H Link 48▲50 Credit Card Bill Payments $500M 4 CRED | $251M | Series E Link 49▼34 Invoice Processing Automation $489M 8 Melio Payments | $250M | Series D Link 50▲103 Cryptocurrency Staking $481M 14 Circle | $440M | Series F Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Checkout (2012, United Kingdom) $1.0B - Series D - Jan 2022 Stripe (2010, United States) $600M - Series H - Mar 2021 SaltPay (2019, Portugal) $500M - Series C - May 2021 OPay (2018, Nigeria) $400M - Series C - Aug 2021 EBANX (2012, Brazil) $400M - Series C - Jun 2021 SaltPay (2019, Portugal) $345M - Series C - Nov 2021 Flutterwave (2016, United States) $250M - Series D - Feb 2022 View all 52 Funding Rounds on Tracxn Platform Business Payments Solutions 01 9 Back to index Payments (Grab) (# Cos: 13645 | $130B) Business Payments (PayPal) (# Cos: 7430 | $35.8B) Diversified (Block) (# Cos: 1143 | $11.0B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $4.8B (▲195%) 52(▲48.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 99 $11.0B 239 23 1143 46 Block (2009, United States, $520M) Xendit (2015, Indonesia, $238M) Stripe (2010, United States, $2.3B) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Cryptocurrency Trading Platforms 02 10 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $4.5B (▼12.2%) 67(▲71.8%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 26 $12.7B 220 2 2112 49 Cryptocurrencies (Terra) (# Cos: 17902 | $31.4B) Financial Services (Uphold) (# Cos: 12208 | $25.3B) Investment Industry (Coinbase) (# Cos: 8943 | $18.3B) Online Trading Platforms (tZERO) (# Cos: 3234 | $13.1B) Regular Trading (Gemini) (# Cos: 2112 | $12.7B) Gemini (2015, United States, $400M) tZERO (2014, United States, $260M) Bitso (2014, Mexico, $331M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. FTX (2018, Bahamas) $900M - Series B - Jul 2021 MoonPay (2019, United States) $555M - Series A - Oct 2021 Fireblocks (2018, United States) $550M - Series E - Jan 2022 FTX (2018, Bahamas) $421M - Series B - Oct 2021 Gemini (2015, United States) $400M - Series A - Nov 2021 FTX (2018, Bahamas) $400M - Series C - Jan 2022 FTX US (2019, United States) $400M - Series A - Jan 2022 View all 67 Funding Rounds on Tracxn Platform
- 11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Digital Native Banks 03 11 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $3.6B (▲120%) 15(▲7.1%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 8 $10.0B 33 4 101 12 Banking Tech (Chime) (# Cos: 6526 | $59.1B) Internet First Banks (Razorpay) (# Cos: 1241 | $28.7B) Digital Native Banks (Revolut) (# Cos: 219 | $15.7B) Diversified (Nubank) (# Cos: 101 | $10.0B) Nubank (2013, Brazil, $2.3B) Revolut (2015, United Kingdom, $2.1B) Monzo (2015, United Kingdom, $1.2B) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. N26 (2013, Germany) $900M - Series E - Oct 2021 Revolut (2015, United Kingdom) $800M - Series E - Jul 2021 Nubank (2013, Brazil) $750M - Series G - Jun 2021 Monzo (2015, United Kingdom) $475M - Series H - Dec 2021 Bunq (2013, Netherlands) $231M - Series A - Jun 2021 Allica Bank (2017, United Kingdom) $147M - Series B - Nov 2021 Atom Bank (2014, United Kingdom) $102M - Series E - Feb 2022 View all 15 Funding Rounds on Tracxn Platform
- 12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Point of Sale Financing 04 12 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $3.1B (▲33.2%) 42(▲44.8%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 19 $9.4B 102 10 213 36 Alternative Lending (Clear Score) (# Cos: 11542 | $83.3B) Online Lenders (Better Mortgage) (# Cos: 8311 | $74.2B) Consumer Loans (SoFi) (# Cos: 4156 | $40.5B) Point of Sale Financing (Klarna) (# Cos: 414 | $13.8B) Direct Lender (Affirm) (# Cos: 213 | $9.4B) Affirm (2012, United States, $1.2B) Klarna (2005, Sweden, $3.7B) ZestMoney (2015, India, $125M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Klarna (2005, Sweden) $639M - Series H - Jun 2021 Scalapay (2019, Italy) $501M - Series B - Feb 2022 Atome (2016, Singapore) $500M - Series D - Oct 2021 Scalapay (2019, Italy) $155M - Series A - Sep 2021 Alma (2017, France) $131M - Series C - Feb 2022 Sunbit (2016, United States) $130M - Series C - May 2021 Paidy (2014, Japan) $120M - Series D - Mar 2021 View all 42 Funding Rounds on Tracxn Platform
- 13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Paytm (2009, India) $1.1B - Series H - Nov 2021 Toss (2015, South Korea) $410M - Series F - Jun 2021 Grab (2012, Singapore) $375M - Series H - Jul 2021 Mynt (2015, Philippines) $300M - Series D - Nov 2021 Gojek (2010, Indonesia) $300M - Series H - May 2021 MoMo (2007, Vietnam) $200M - Series E - Dec 2021 Ascend Money (2013, Thailand) $150M - Series C - Sep 2021 View all 57 Funding Rounds on Tracxn Platform Digital Wallets 05 13 Back to index Payments (PayPal) (# Cos: 13645 | $130B) Consumer Payments (Gojek) (# Cos: 4424 | $75.7B) Wallets (Grab) (# Cos: 1536 | $62.6B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.9B (▲16.1%) 57(▲5.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 57 $62.6B 284 10 1536 51 Grab (2012, Singapore, $10.4B) Gojek (2010, Indonesia, $4.9B) PhonePe (2012, India, $700M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Banks for Businesses with Partner Bank's License 06 14 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.9B (▲667%) 47(▲104%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $4.6B 73 - 173 29 Banking Tech (Revolut) (# Cos: 6526 | $59.1B) Internet First Banks (Nubank) (# Cos: 1241 | $28.7B) Through Bank Partnerships (Chime) (# Cos: 876 | $12.8B) Business Banking (Razorpay) (# Cos: 173 | $4.6B) Razorpay (2014, India, $742M) Brex (2017, United States, $1.2B) Qonto (2017, France, $706M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Qonto (2017, France) $552M - Series D - Jan 2022 Brex (2017, United States) $425M - Series D - Apr 2021 Razorpay (2014, India) $375M - Series F - Dec 2021 Brex (2017, United States) $300M - Series D - Oct 2021 Razorpay (2014, India) $160M - Series E - Apr 2021 Rho Business .. (2010, United States) $130M - Series B - Sep 2021 Mercury (2017, United States) $120M - Series B - Jul 2021 View all 47 Funding Rounds on Tracxn Platform
- 15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Retail Banks with Partner Bank's License 07 15 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.8B (▲64.5%) 73(▲23.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 19 $7.2B 177 1 480 59 Banking Tech (Revolut) (# Cos: 6526 | $59.1B) Internet First Banks (Nubank) (# Cos: 1241 | $28.7B) Through Bank Partnerships (Razorpay) (# Cos: 876 | $12.8B) Retail Banking (Chime) (# Cos: 480 | $7.2B) Chime (2013, United States, $2.1B) Stash (2015, United States, $448M) Aspiration (2013, United States, $555M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Chime (2013, United States) $750M - Series G - Aug 2021 Neon (2016, Brazil) $300M - Series D - Feb 2022 Current (2015, United States) $220M - Series D - Apr 2021 TSLC (2019, United Arab Emirates) $200M - Series B - Dec 2021 KOHO (2014, Canada) $165M - Series D - Feb 2022 First Digital Bank (2019, Israel) $120M - Series A - Dec 2021 Vivid Mone (2020, Germany) $115M - Series C - Feb 2022 View all 73 Funding Rounds on Tracxn Platform
- 16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Corporate Travel & Expense Cards 08 16 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.7B (▲1091%) 35(▲218%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 9 $3.5B 45 2 98 21 Finance & Accounting Tech (Intuit) (# Cos: 11734 | $35.9B) Accounting Solutions (Fiserv) (# Cos: 7888 | $23.6B) Procure to Pay (Coupa) (# Cos: 1054 | $9.8B) Travel & Expense (Ramp) (# Cos: 457 | $5.1B) Card Solutions (Brex) (# Cos: 98 | $3.5B) Brex (2017, United States, $1.2B) Ramp (2006, United States, $670M) Wright Express (1983, United States) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Brex (2017, United States) $425M - Series D - Apr 2021 Ramp (2006, United States) $300M - Series C - Aug 2021 Brex (2017, United States) $300M - Series D - Oct 2021 Pleo (2015, Denmark) $200M - Series C - Dec 2021 Ramp (2006, United States) $200M - Series D - Feb 2022 Soldo (2014, United Kingdom) $180M - Series C - Jul 2021 Pleo (2015, Denmark) $150M - Series C - Jun 2021 View all 35 Funding Rounds on Tracxn Platform
- 17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds POS Payment Terminals 09 17 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.4B (▲3639%) 23(▲91.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 86 $5.8B 220 17 923 36 Payments (Grab) (# Cos: 13645 | $130B) Business Payments (PayPal) (# Cos: 7429 | $35.8B) POS Payments (SumUp) (# Cos: 1302 | $6.2B) POS Payment Terminal (Pine Labs) (# Cos: 923 | $5.8B) Pine Labs (1998, India, $1.6B) SumUp (2011, United States, $66.1M) Clip (2012, Mexico, $396M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. SumUp (2012, United Kingdom) $895M - Series D - Mar 2021 Pine Labs (1998, India) $600M - Series E - Jul 2021 Pine Labs (1998, India) $285M - Series D - Apr 2021 Clip (2012, Mexico) $250M - Series D - Jun 2021 Pine Labs (1998, India) $150M - Series E - Feb 2022 Pine Labs (1998, India) $100M - Series E - Sep 2021 NETSTARS (2008, Japan) $66.0M - Series A - Apr 2021 View all 23 Funding Rounds on Tracxn Platform
- 18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Mollie (2004, Netherlands) $800M - Series C - Jun 2021 Bolt (2014, United States) $393M - Series D - Oct 2021 Razorpay (2014, India) $375M - Series F - Dec 2021 Bolt (2014, United States) $355M - Series E - Dec 2021 Rapyd (2016, United States) $300M - Series E - Aug 2021 Airwallex (2015, China) $200M - Series E - Sep 2021 Voyager Innovat.. (2013, Philippines) $167M - Series E - Jun 2021 View all 74 Funding Rounds on Tracxn Platform Online Business Payments 10 18 Back to index Payments (Grab) (# Cos: 13645 | $130B) Business Payments (Block) (# Cos: 7429 | $35.8B) Online Payments (PayPal) (# Cos: 2636 | $9.2B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.2B (▲172%) 74(▲45.1%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 210 $9.2B 498 26 2636 67 PayPal (1998, United States, $216M) Razorpay (2014, India, $742M) Payoneer (2005, United States, $269M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Corporate Credit Card Issuers 11 19 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $2.0B (▲675%) 27(▲238%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $3.2B 26 - 57 16 Payments (PayPal) (# Cos: 13645 | $130B) Consumer Payments (Grab) (# Cos: 4424 | $75.7B) Payment Cards (Brex) (# Cos: 1234 | $9.9B) Credit Cards (Upgrade) (# Cos: 229 | $6.3B) Corporate Cards (Swile) (# Cos: 57 | $3.2B) Swile (2018, France, $328M) Brex (2017, United States, $1.2B) Ramp (2006, United States, $670M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Brex (2017, United States) $425M - Series D - Apr 2021 Ramp (2006, United States) $300M - Series C - Aug 2021 Brex (2017, United States) $300M - Series D - Oct 2021 Swile (2018, France) $200M - Series D - Oct 2021 Pleo (2015, Denmark) $200M - Series C - Dec 2021 Ramp (2006, United States) $200M - Series D - Feb 2022 Pleo (2015, Denmark) $150M - Series C - Jun 2021 View all 27 Funding Rounds on Tracxn Platform
- 20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Devoted Health (2017, United States) $1.1B - Series D - Oct 2021 Alan (2016, France) $220M - Series D - Apr 2021 Friday Health.. (2015, United States) $100M - Series C - Apr 2021 Ottonova (2015, Germany) $47.4M - Series E - Aug 2021 Reliance Health (2020, Nigeria) $40.0M - Series B - Feb 2022 RelianceHMO (2017, Nigeria) $40.0M - Series B - Feb 2022 Spot (2017, United States) $15.0M - Series A - Jul 2021 View all 17 Funding Rounds on Tracxn Platform Internet First Health Insurers 12 20 Back to index Internet First Insurance Platforms (Policybazaar) (# Cos: 3405 | $35.5B) Internet First Insurers (Lemonade) (# Cos: 1074 | $23.5B) Health (Oscar) (# Cos: 102 | $7.4B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.6B (▼0.6%) 17(▼5.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 8 $7.4B 43 1 102 21 Oscar (2012, United States, $1.6B) Alan (2016, France, $361M) RelianceHMO (2017, Nigeria, $48.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds KYC for Financial Institutions 13 21 Back to index RegTech (Jumio) (# Cos: 2498 | $15.3B) KYC (Onfido) (# Cos: 668 | $3.4B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.6B (▲261%) 37(▲8.8%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 56 $3.4B 224 9 668 44 Onfido (2012, United Kingdom, $242M) IDnow (2014, Germany, $40.0M) Trulioo (2011, Canada, $477M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Socure (2012, United States) $450M - Series E - Nov 2021 Trulioo (2011, Canada) $394M - Series D - Jun 2021 Advance (2015, China) $200M - Series D - Sep 2021 Unico (2007, Brazil) $121M - Series C - Aug 2021 Socure (2012, United States) $100M - Series D - Mar 2021 TYME (2012, South Africa) $70.0M - Series B - Dec 2021 Prime Trust (2004, United States) $64.0M - Series A - Jul 2021 View all 37 Funding Rounds on Tracxn Platform
- 22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet-First Property and Casualty Insurers 14 22 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.5B (▲142%) 18( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $4.4B 50 2 110 23 Internet First Insurance Platforms (Policybazaar) (# Cos: 3405 | $35.5B) Internet First Insurers (Lemonade) (# Cos: 1074 | $23.5B) P&C (Next Insurance) (# Cos: 730 | $10.6B) Diversified (Coalition) (# Cos: 110 | $4.4B) Coalition (2017, United States, $520M) Next Insurance (2016, United States, $881M) Luko (2016, France, $84.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Wefox (2015, Germany) $650M - Series C - Jun 2021 Next Insurance (2016, United States) $250M - Series D - Mar 2021 Coalition (2017, United States) $205M - Series E - Sep 2021 Coalition (2017, United States) $175M - Series D - Mar 2021 Leocare (2017, France) $116M - Series B - Nov 2021 Vouch (2018, United States) $60.0M - Series C - Sep 2021 Branch (2017, United States) $50.0M - Series B - Jun 2021 View all 18 Funding Rounds on Tracxn Platform
- 23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Payroll Management Solutions 15 23 Back to index Finance & Accounting Tech (Fiserv) (# Cos: 11734 | $35.9B) Payroll Management (Paylocity) (# Cos: 516 | $3.3B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.5B (▲425%) 21(▲75%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 42 $3.3B 103 5 516 24 Paylocity (1997, United States, $37.3M) Edenred (2010, France) Deel (2018, United States, $631M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Deel (2018, United States) $425M - Series D - Oct 2021 PayFit (2016, France) $289M - Series E - Jan 2022 Papaya Global (2016, United States) $250M - Series D - Sep 2021 Deel (2018, United States) $156M - Series C - Apr 2021 PayFit (2016, France) $107M - Series D - Mar 2021 Wrapbook (2011, United States) $100M - Series B - Nov 2021 CloudPay (1996, United Kingdom) $58.0M - Series D - Aug 2021 View all 21 Funding Rounds on Tracxn Platform
- 24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Cryptocurrency Exchanges 16 24 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.5B (▲377%) 64(▲33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 49 $3.1B 323 1 4088 61 Cryptocurrencies (Terra) (# Cos: 17903 | $31.4B) Financial Services (Uphold) (# Cos: 12209 | $25.3B) Investment Industry (Gemini) (# Cos: 8944 | $18.3B) Crypto Exchanges (Coinbase) (# Cos: 4088 | $3.1B) Coinbase (2012, United States, $547M) CoinSwitch (2017, India, $302M) Blockchain (2011, Luxembourg, $590M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Blockchain (2011, Luxembourg) $300M - Series C - Mar 2021 CoinSwitch (2017, India) $260M - Series C - Oct 2021 1inch (2020, United Kingdom) $175M - Series B - Dec 2021 Rain (2016, Bahrain) $112M - Series B - Jan 2022 Blockchain (2011, Luxembourg) $100M - Series C - Apr 2021 Serum (2020) $100M - Series A - Jan 2022 CoinDCX (2018, India) $90.0M - Series C - Jun 2021 View all 64 Funding Rounds on Tracxn Platform
- 25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds P2P Wallet Remittance 17 25 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.4B (▲504%) 25(▲127%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 8 $2.0B 71 - 352 18 Remittance (Wise) (# Cos: 2056 | $9.7B) Internet First Platforms (Payoneer) (# Cos: 1631 | $8.0B) P2P Remittance (Remitly) (# Cos: 1132 | $4.3B) Wallet Transfer (Wave Systems) (# Cos: 352 | $2.0B) Wave Systems (2014, United States, $258M) Taptap Send (2017, United Kingdom, $80.0M) Skrill (2001, United Kingdom) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Mynt (2015, Philippines) $300M - Series D - Nov 2021 Zepz (2010, United Kingdom) $292M - Series E - Aug 2021 Wave Systems (2014, United States) $248M - Series A - Sep 2021 Chipper Cash (2016, United States) $150M - Series C - Nov 2021 PaySend (2015, Malta) $125M - Series B - May 2021 Chipper Cash (2016, United States) $100M - Series C - May 2021 Taptap Send (2017, United Kingdom) $65.0M - Series B - Dec 2021 View all 25 Funding Rounds on Tracxn Platform
- 26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Retail Banking 18 26 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.2B (▲99.6%) 9(▼25%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $4.3B 32 3 90 10 Banking Tech (Revolut) (# Cos: 6526 | $59.1B) Internet First Banks (Razorpay) (# Cos: 1241 | $28.7B) Digital Native Banks (Nubank) (# Cos: 219 | $15.7B) Retail Banking (Ally) (# Cos: 90 | $4.3B) Ally (1919, United States, $1.3B) Tandem (2013, United Kingdom, $283M) Varo (2015, United States, $991M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Varo (2015, United States) $510M - Series E - Sep 2021 Zopa (2005, United Kingdom) $303M - Series H - Oct 2021 TONIK (2018, Singapore) $131M - Series B - Feb 2022 TymeBank (2012, South Africa) $70.0M - Series B - Dec 2021 Kuda (2017, Nigeria) $55.0M - Series B - Aug 2021 Volt Bank (2018, Australia) $37.7M - Series E - Jun 2021 Zopa (2005, United Kingdom) $27.7M - Series H - Mar 2021 View all 9 Funding Rounds on Tracxn Platform
- 27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Solarisbank (2016, Germany) $224M - Series D - Jul 2021 TrueLayer (2016, United Kingdom) $130M - Series E - Sep 2021 Pismo (2016, Brazil) $108M - Series B - Oct 2021 TrueLayer (2016, United Kingdom) $70.0M - Series D - Apr 2021 Railsbank (2015, United Kingdom) $70.0M - Series C - Jul 2021 Prime Trust (2004, United States) $64.0M - Series A - Jul 2021 M2P Fintech (2014, India) $56.0M - Series C - Jan 2022 View all 54 Funding Rounds on Tracxn Platform Open Banking API Providers 19 27 Back to index Banking Tech (Razorpay) (# Cos: 6526 | $59.1B) Open Banking (M2P Fintech) (# Cos: 538 | $5.5B) Banking APIs (Tink) (# Cos: 261 | $3.3B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.1B (▲139%) 54(▲3.8%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 14 $3.3B 119 - 261 46 Tink (2012, Sweden, $359M) M2P Fintech (2014, India, $107M) Cross River Bank (2008, United States, $228M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Socure (2012, United States) $450M - Series E - Nov 2021 Advance (2015, China) $200M - Series D - Sep 2021 Jumio (2010, United States) $150M - Series D - Mar 2021 Alloy (2015, United States) $100M - Series C - Sep 2021 Socure (2012, United States) $100M - Series D - Mar 2021 Hummingbird (2016, United States) $30.0M - Series B - Nov 2021 Seon (2015, Hungary) $12.0M - Series A - Mar 2021 View all 18 Funding Rounds on Tracxn Platform KYC Solutions for Banks 20 28 Back to index Banking Tech (Razorpay) (# Cos: 6526 | $59.1B) RegTech (Jumio) (# Cos: 810 | $6.8B) Onboarding KYC and AML (Onfido) (# Cos: 324 | $2.4B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.1B (▲460%) 18(▲125%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 47 $2.4B 124 3 324 22 Onfido (2012, United Kingdom, $242M) Jumio (2010, United States, $196M) IDnow (2014, Germany, $40.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Tipalti (2010, United States) $270M - Series F - Dec 2021 Airwallex (2015, China) $200M - Series E - Sep 2021 XTransfer (2017, China) $138M - Series D - Sep 2021 Airwallex (2015, China) $100M - Series E - Nov 2021 Airwallex (2015, China) $100M - Series D - Mar 2021 AZA (2015, Kenya) $20.0M - Series B - May 2021 VERTO (2017, United States) $10.0M - Series A - Sep 2021 View all 14 Funding Rounds on Tracxn Platform B2B Remittance 21 29 Back to index Remittance (Wise) (# Cos: 2056 | $9.7B) Internet First Platforms (Remitly) (# Cos: 1631 | $8.0B) B2B Remittance (Payoneer) (# Cos: 217 | $2.6B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $857M (▲102%) 14( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 14 $2.6B 59 3 217 18 Payoneer (2005, United States, $269M) Flywire (2009, United States, $263M) Tipalti (2010, United States, $553M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Business Loans Marketplace 22 30 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $825M (▲527%) 28(▼3.4%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 11 $3.1B 139 2 553 44 Alternative Lending (SoFi) (# Cos: 11542 | $83.3B) Online Lenders (Affirm) (# Cos: 8311 | $74.2B) Business Loans (Ftcash) (# Cos: 2420 | $18.8B) Diversified (FlexiLoans) (# Cos: 786 | $5.4B) Marketplace (Funding Circle) (# Cos: 553 | $3.1B) Funding Circle (2010, United States, $373M) FlexiLoans (2015, India, $68.0M) Investree (2015, Indonesia, $23.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MarketFinance (2011, United Kingdom) $383M - Series C - Sep 2021 ThinCats (2010, United Kingdom) $226M - Series D - Jun 2021 Modalku (2016, Indonesia) $144M - Series C - Feb 2022 Funding Societies (2015, Singapore) $144M - Series C - Feb 2022 ThinCats (2010, United Kingdom) $135M - Series D - Feb 2022 Mintifi (2017, India) $40.2M - Series C - Feb 2022 Validus (2015, Singapore) $37.5M - Series B - May 2021 View all 28 Funding Rounds on Tracxn Platform
- 31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Paxos (2013, United States) $300M - Series D - Apr 2021 Amber Group (2017, China) $200M - Series B - Feb 2022 Zero Hash (2017, United States) $105M - Series D - Jan 2022 Matrixport (2019, Singapore) $100M - Series C - Aug 2021 Amber Group (2017, China) $100M - Series B - Jun 2021 BCB (2017, United Kingdom) $60.0M - Series A - Jan 2022 Abra (2014, United States) $55.0M - Series C - Sep 2021 View all 63 Funding Rounds on Tracxn Platform Crypto Financial Services 23 31 Back to index Cryptocurrencies (Gemini) (# Cos: 17903 | $31.4B) Financial Services (Coinbase) (# Cos: 12209 | $25.3B) Diversified (Uphold) (# Cos: 965 | $2.9B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $822M (▲4.3%) 63(▲142%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 13 $2.9B 220 5 965 38 Uphold (2015, United Kingdom, $73.4M) Coins.ph (2014, Philippines, $10.0M) BlockFi (2017, United States, $509M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Crypto Based Personal Loans 24 32 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $792M (▲2171%) 28(▲64.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $1.3B 77 - 232 22 Cryptocurrencies (Gemini) (# Cos: 17903 | $31.4B) Financial Services (Coinbase) (# Cos: 12209 | $25.3B) Lending (Compound) (# Cos: 303 | $1.4B) Consumer Loans (Airfox) (# Cos: 242 | $1.3B) Personal Loans (Celsius Network) (# Cos: 232 | $1.3B) Celsius Network (2017, United Kingdom, $780M) Airfox (2016, United States, $58.1M) Compound (2017, United States, $41.3M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Celsius Netw.. (2017, United Kingdom) $750M - Series B - Oct 2021 Yuanbao (2014, China) $156M - Series C - May 2021 Ledn (2018, Canada) $70.0M - Series B - Dec 2021 Ledn (2018, Canada) $30.0M - Series A - May 2021 TrueFi (2017, United States) $12.5M - Series B - Aug 2021 Notional (2020, United States) $11.3M - Series A - Apr 2021 Yield (2020, United States) $10.0M - Series A - Jun 2021 View all 28 Funding Rounds on Tracxn Platform
- 33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Social Trading Platforms for Stocks 25 33 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $767M (▲159%) 12(▲71.4%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $1.3B 41 2 168 7 Investment Tech (IHS Markit) (# Cos: 21874 | $60.2B) Online Trading Platforms (Clear) (# Cos: 9922 | $23.1B) Stocks (SoFi) (# Cos: 2112 | $17.0B) Social Trading (eToro) (# Cos: 168 | $1.3B) eToro (2007, United Kingdom, $823M) Ayondo (2008, Germany, $19.8M) Stockbit (2012, Indonesia) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. eToro (2007, United Kingdom) $650M - Series F - Mar 2021 Shares (2021, France) $40.0M - Series A - Mar 2022 StockGro (2019, India) $32.0M - Series A - Jan 2022 CommonStock (2001, United States) $25.0M - Series A - Oct 2021 Shares (2021, France) $10.0M - Seed - Aug 2021 StockGro (2019, India) $6.4M - Seed - Jun 2021 Finary (2020, United States) $3.2M - Seed - Apr 2021 View all 12 Funding Rounds on Tracxn Platform
- 34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Working Capital Loans Marketplaces 26 34 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $760M (▲495%) 14(▲55.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $1.8B 66 1 183 13 Alternative Lending (SoFi) (# Cos: 11542 | $83.3B) Online Lenders (Affirm) (# Cos: 8311 | $74.2B) Business Loans (Funding Circle) (# Cos: 2420 | $18.8B) Working Capital Loans (Kabbage) (# Cos: 268 | $2.8B) Marketplace (OfBusiness) (# Cos: 183 | $1.8B) OfBusiness (2015, India, $892M) Progcap (2016, India, $61.1M) Numida (2015, Uganda, $2.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. OfBusiness (2015, India) $325M - Series G - Dec 2021 OfBusiness (2015, India) $207M - Series F - Sep 2021 OfBusiness (2015, India) $160M - Series E - Jul 2021 Progcap (2016, India) $30.0M - Series C - Sep 2021 Progcap (2016, India) $25.0M - Series B - Jun 2021 FilmHedge (2020, United States) $5.0M - Seed - Dec 2021 PayHippo (2019, Nigeria) $3.0M - Seed - Nov 2021 View all 14 Funding Rounds on Tracxn Platform
- 35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Socure (2012, United States) $450M - Series E - Nov 2021 RapidRatings (2002, United States) $200M - Series C - Feb 2022 Socure (2012, United States) $100M - Series D - Mar 2021 Socure (2012, United States) Undisclosed - Series D - Jun 2021 Vendor Risk Management 27 35 Back to index Finance & Accounting Tech (Fiserv) (# Cos: 11734 | $35.9B) Risk & Compliance Management (Ebury) (# Cos: 30 | $1.2B) Vendor Risk (Socure) (# Cos: 14 | $1.0B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $750M (▲975%) 4(▲33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $1.0B 6 - 14 4 Socure (2012, United States, $650M) RapidRatings (2002, United States, $255M) Digital Comply (2003, United States, $45.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds TrueLayer (2016, United Kingdom) $130M - Series E - Sep 2021 TrueLayer (2016, United Kingdom) $70.0M - Series D - Apr 2021 M2P Fintech (2014, India) $56.0M - Series C - Jan 2022 Orum (2019, United States) $56.0M - Series B - Jun 2021 Yapily (2017, United Kingdom) $51.0M - Series B - Jul 2021 Enfuce (2016, Finland) $50.9M - Series C - Dec 2021 Primer (2020, United Kingdom) $50.0M - Series B - Oct 2021 View all 35 Funding Rounds on Tracxn Platform Open Banking APIs for Payments 28 36 Back to index Payments (Grab) (# Cos: 13645 | $130B) Enablers (Fiserv) (# Cos: 1764 | $18.0B) Open Banking APIs (M2P Fintech) (# Cos: 156 | $1.3B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $739M (▲246%) 35(▲16.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $1.3B 70 - 156 28 M2P Fintech (2014, India, $107M) TrueLayer (2016, United Kingdom, $273M) Yapily (2017, United Kingdom, $70.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Plaid (2013, United States) $425M - Series D - Mar 2021 Orum (2019, United States) $56.0M - Series B - Jun 2021 Belvo (2019, Spain) $43.0M - Series A - Jun 2021 Lean (2019, Saudi Arabia) $33.0M - Series A - Jan 2022 Flinks (2016, Canada) $23.7M - Series B - Aug 2021 Orum (2019, United States) $21.0M - Series A - Apr 2021 Banked (2018, United Kingdom) $20.0M - Series A - Feb 2022 View all 35 Funding Rounds on Tracxn Platform Open Banking Aggregation APIs 29 37 Back to index Banking Tech (Razorpay) (# Cos: 6526 | $59.1B) Open Banking (Tink) (# Cos: 538 | $5.5B) Aggregation APIs (Plaid) (# Cos: 217 | $1.5B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $739M (▲877%) 35(▲59.1%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 17 $1.5B 84 - 217 29 Plaid (2013, United States, $734M) Quovo (2010, United States, $16.1M) Finicity (1999, United States, $80.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds International Business Payments 30 38 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $729M (▲43.6%) 13(▲160%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 9 $2.5B 33 2 95 11 Payments (Grab) (# Cos: 13645 | $130B) Business Payments (Block) (# Cos: 7429 | $35.8B) Online Payments (PayPal) (# Cos: 2636 | $9.2B) International (Payoneer) (# Cos: 95 | $2.5B) Payoneer (2005, United States, $269M) Flywire (2009, United States, $263M) Rapyd (2016, United States, $778M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Rapyd (2016, United States) $300M - Series E - Aug 2021 Airwallex (2015, China) $200M - Series E - Sep 2021 Airwallex (2015, China) $100M - Series E - Nov 2021 Airwallex (2015, China) $100M - Series D - Mar 2021 Currenxie (2014, China) $10.0M - Series A - Aug 2021 Pawapay (2020, United Kingdom) $9.0M - Seed - Aug 2021 PayGlocal (2021, India) $4.9M - Series A - Apr 2021 View all 13 Funding Rounds on Tracxn Platform
- 39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Insurance Agency Management 31 39 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $698M (▲512%) 13(▲30%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 23 $1.2B 70 - 277 9 Insurance IT (CoreLogic) (# Cos: 2475 | $10.5B) Insurance Policy Solutions (Guidewire) (# Cos: 1588 | $5.7B) Software for Insurance Intermediaries (Covr) (# Cos: 388 | $1.4B) Insurance Agency Management (Wefox) (# Cos: 277 | $1.2B) Wefox (2015, Germany, $1.0B) Agentero (2017, United States, $23.5M) TowerIQ (2017, United States, $6.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Wefox (2015, Germany) $650M - Series C - Jun 2021 Agentero (2017, United States) $13.5M - Series A - Jul 2021 Stubben Edge (2010, United Kingdom) $13.4M - Series A - Jan 2022 Talage (2016, United States) $9.0M - Series B - Feb 2022 MeetLeo (2019) $5.0M - Seed - Nov 2021 Wunderite (2015, United States) $3.0M - Seed - Apr 2021 Better Agency (2019, United States) $2.1M - Seed - Jul 2021 View all 13 Funding Rounds on Tracxn Platform
- 40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Credit Cards 32 40 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $694M (▲268%) 18(▲5.9%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 10 $2.2B 47 7 142 12 Payments (PayPal) (# Cos: 13645 | $130B) Consumer Payments (Grab) (# Cos: 4424 | $75.7B) Payment Cards (Brex) (# Cos: 1234 | $9.9B) Credit Cards (Swile) (# Cos: 229 | $6.3B) General Purpose (Upgrade) (# Cos: 142 | $2.2B) Upgrade (2016, United States, $600M) Petal (2016, United States, $243M) slice (2016, India, $281M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Upgrade (2016, United States) $280M - Series F - Nov 2021 slice (2016, India) $220M - Series B - Nov 2021 Petal (2016, United States) $140M - Series D - Jan 2022 Stori (2019, Mexico) $125M - Series C - Nov 2021 Zilch (2018, United Kingdom) $110M - Series B - Jun 2021 Zilch (2018, United Kingdom) $110M - Series C - Sep 2021 Upgrade (2016, United States) $105M - Series E - Aug 2021 View all 18 Funding Rounds on Tracxn Platform
- 41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Payment Fraud Monitoring Solutions 33 41 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $690M (▲126%) 19(▼9.5%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 46 $3.4B 138 5 352 37 Payments (Grab) (# Cos: 13645 | $130B) Enablers (Fiserv) (# Cos: 1764 | $18.0B) Payment Security (Jumio) (# Cos: 566 | $9.3B) Payment Fraud Detection (Riskified) (# Cos: 352 | $3.4B) Riskified (2012, United States, $229M) Trulioo (2011, Canada, $477M) Simility (2014, United States, $25.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Trulioo (2011, Canada) $394M - Series D - Jun 2021 Forter (2013, United States) $300M - Series F - May 2021 Feedzai (2009, United Kingdom) $200M - Series D - Mar 2021 Arkose Labs (2013, United States) $70.0M - Series C - May 2021 Justt (2020, Israel) $50.0M - Series B - Nov 2021 Sift (2011, United States) $50.0M - Series D - Apr 2021 Hummingbird (2016, United States) $30.0M - Series B - Nov 2021 View all 19 Funding Rounds on Tracxn Platform
- 42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Banking Software Suite 34 42 Back to index Banking Tech (Razorpay) (# Cos: 6526 | $59.1B) Banking Software Suite (Fiserv) (# Cos: 541 | $2.5B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $640M (▲481%) 16(▲45.5%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 33 $2.5B 117 22 541 15 Fiserv (1984, United States) NCR (1884, United States, $820M) FIS (1968, United States) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Zeta (2015, India) $250M - Series C - May 2021 10x (2016, United Kingdom) $187M - Series C - Jun 2021 TYME (2012, South Africa) $70.0M - Series B - Dec 2021 FintechOS (2017, United Kingdom) $60.0M - Series B - Apr 2021 Zeta (2015, India) $30.0M - Series C - Mar 2022 Shenzhen Tengyin Info.. (2019, China) $15.4M - Series A - Mar 2021 AppZone Group (2008, Nigeria) $10.0M - Series A - Apr 2021 View all 16 Funding Rounds on Tracxn Platform
- 43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Accounts Payables Payment Solutions 35 43 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $638M (▲37.6%) 7(▼22.2%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 10 $1.7B 22 1 79 7 Payments (Grab) (# Cos: 13645 | $130B) Business Payments (PayPal) (# Cos: 7429 | $35.8B) Mass Payouts (Zuora) (# Cos: 491 | $3.8B) Invoice Payments (Tipalti) (# Cos: 446 | $3.0B) Accounts Payables (FLEETCOR) (# Cos: 79 | $1.7B) FLEETCOR (2000, United States, $211M) Tipalti (2010, United States, $553M) MineralTree (2010, United States, $123M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tipalti (2010, United States) $270M - Series F - Dec 2021 Melio Payments (2018, United States) $250M - Series D - Sep 2021 Modern Treasury (2018, United States) $85.0M - Series C - Oct 2021 Billhop (2011, Sweden) $11.9M - Series B - Feb 2022 Finexio (2015, United States) $10.0M - Series B - Jan 2022 Finexio (2015, United States) $8.0M - Series B - Aug 2021 Airbank (2020, Germany) $3.0M - Seed - Jun 2021
- 44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Employee Insurance Benefits Administration 36 44 Back to index Employer Insurance (Justworks) (# Cos: 162 | $3.0B) Benefits Administration (HealthEquity) (# Cos: 102 | $1.7B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $626M (▲1202%) 25(▲108%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 15 $1.7B 56 1 102 27 HealthEquity (2002, United States, $15.3M) Justworks (2012, United States, $148M) League (2014, Canada, $242M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Konfío (2014, Mexico) $125M - Series E - Jun 2021 Konfío (2014, Mexico) $110M - Series E - Sep 2021 League (2014, Canada) $95.0M - Series C - Feb 2022 League (2014, Canada) $70.0M - Series C - Dec 2021 ThreeFlow (2015, United States) $45.0M - Series B - Nov 2021 Bennie (2019, United States) $33.0M - Seed - Jan 2022 Level (2018, United States) $27.0M - Series A - Apr 2021 View all 25 Funding Rounds on Tracxn Platform
- 45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds insightsoftware (2001, United States) $800M - PE - Jul 2021 Vena (2011, Canada) $241M - Series C - Apr 2021 OneStream Sof.. (2010, United States) $200M - Series B - Apr 2021 isaac (2020, Brazil) $125M - Series B - Nov 2021 Puzzle (2019, United States) $21.5M - Series B - Jun 2021 Conquest Planning (2018, Canada) $7.5M - Series A - Jul 2021 Parallax (2019, United States) $7.0M - Series A - Aug 2021 View all 17 Funding Rounds on Tracxn Platform Financial Planning & Analysis Software 37 45 Back to index Finance & Accounting Tech (Fiserv) (# Cos: 11734 | $35.9B) Financial Planning & Analysis (Carta) (# Cos: 1301 | $5.1B) Suite (Anaplan) (# Cos: 365 | $2.4B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $621M (▲358%) 17( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 34 $2.4B 91 1 365 14 Anaplan (2006, United States, $300M) insightsoftware (2001, United States, $800M) Vena (2011, Canada, $385M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Lenders 38 46 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $620M (▲207%) 5(▲66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $5.2B 29 2 214 11 Alternative Lending (SoFi) (# Cos: 11542 | $83.4B) Online Lenders (Affirm) (# Cos: 8311 | $74.3B) Diversified (Lending Club) (# Cos: 846 | $9.3B) Direct Lender (Figure) (# Cos: 214 | $5.2B) Figure (2018, United States, $428M) InCred (2016, India, $216M) Navi (2018, India, $444M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Mynt (2015, Philippines) $300M - Series D - Nov 2021 Figure (2018, United States) $200M - Series D - May 2021 MNT Halan (2017, Egypt) $120M - Series A - Aug 2021 Kaabil Finance (2017, India) Undisclosed - Seed - Feb 2022 Hi (2021, United Kingdom) Undisclosed - Series A - Mar 2021
- 47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds SMB Accounting 39 47 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $607M (▲279%) 40(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 63 $1.7B 206 15 2067 27 Finance & Accounting Tech (Clear) (# Cos: 11734 | $35.9B) Accounting Solutions (Coupa) (# Cos: 7888 | $23.6B) Accounting Suite (Fiserv) (# Cos: 2440 | $2.3B) SMBs (Intuit) (# Cos: 2067 | $1.7B) Intuit (1983, United States) FreshBooks (2003, Canada, $154M) Sage Group (1997, United Kingdom) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Nanjing Yunjiafang Ne.. (2015, China) $100M - Series E - Feb 2022 FreshBooks (2003, Canada) $80.8M - Series E - Aug 2021 sevDesk (2007, Germany) $61.0M - Series C - May 2021 Found Ventures (2019, United States) $60.0M - Series B - Feb 2022 Pennylane (2020, France) $57.0M - Series B - Jan 2022 Ignition (2013, Australia) $50.0M - Series C - Nov 2021 Vic.ai (2016, United States) $50.0M - Series B - Sep 2021 View all 40 Funding Rounds on Tracxn Platform
- 48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Payroll Payments Solutions 40 48 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $590M (▲1111%) 4( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $690M 12 - 22 3 Payments (Grab) (# Cos: 13645 | $130B) Business Payments (PayPal) (# Cos: 7429 | $35.8B) Mass Payouts (FLEETCOR) (# Cos: 491 | $3.8B) Payroll Payments (Deel) (# Cos: 22 | $690M) Deel (2018, United States, $631M) Exactuals (2011, United States, $21.5M) Payable (2013, United States, $2.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Deel (2018, United States) $425M - Series D - Oct 2021 Deel (2018, United States) $156M - Series C - Apr 2021 Paywallet (2021, United States) $8.8M - Series A - Feb 2022 Flow Payments (2018, Australia) $75.0K - Seed - Oct 2021
- 49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Tradeshift (2010, United States) $200M - Series F - Dec 2021 Tradeshift (2010, United States) $200M - Series F - Mar 2021 Settle (2019, United States) $75.0M - Series B - Nov 2021 Routable (2017, United States) $30.0M - Series B - Apr 2021 Yaydoo (2015, Switzerland) $20.4M - Series A - Aug 2021 Float (2020, United States) $17.0M - Seed - Jan 2022 Settle (2019, United States) $15.0M - Series A - May 2021 View all 16 Funding Rounds on Tracxn Platform Accounts Payable and Receivable Management 41 49 Back to index Finance & Accounting Tech (Intuit) (# Cos: 11734 | $35.9B) Accounting Solutions (Fiserv) (# Cos: 7888 | $23.6B) Account Payables & Receivables (Bill.com) (# Cos: 260 | $2.2B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $588M (▲604%) 16(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 16 $2.2B 59 4 260 10 Bill.com (2006, United States, $317M) Tradeshift (2010, United States, $1.2B) PayMate (2006, India, $49.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Auto Insurers 42 50 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $574M (▲501%) 21(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 9 $1.8B 64 1 181 20 Internet First Insurance Platforms (Policybazaar) (# Cos: 3405 | $35.5B) Internet First Insurers (Lemonade) (# Cos: 1074 | $23.5B) P&C (Coalition) (# Cos: 730 | $10.6B) Auto (Acko) (# Cos: 181 | $1.8B) Acko (2016, India, $512M) Clearcover (2016, United States, $329M) By Miles (2016, United Kingdom, $27.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Acko (2016, India) $255M - Series D - Oct 2021 Clearcover (2016, United States) $200M - Series D - Apr 2021 Marshmallow (2017, United Kingdom) $85.0M - Series B - Sep 2021 Justos (2020, Brazil) $35.8M - Series A - Oct 2021 HDVI (2001, United States) $32.5M - Series B - Aug 2021 Loop (2020, United States) $21.0M - Series A - Sep 2021 VOOM (2016, United States) $15.0M - Series B - Oct 2021 View all 21 Funding Rounds on Tracxn Platform
- 51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Revenue Based Financing 43 51 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $562M (▲479%) 25(▲66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.3B 38 1 67 24 Alternative Lending (SoFi) (# Cos: 11542 | $83.4B) Online Lenders (Affirm) (# Cos: 8311 | $74.3B) Business Loans (Funding Circle) (# Cos: 2420 | $18.9B) Revenue Based Financing (Pipe) (# Cos: 83 | $1.6B) Direct Lender (Clearco) (# Cos: 67 | $1.3B) Clearco (2015, Canada, $385M) Wayflyer (2014, United States, $236M) GetVantage (2019, India, $5.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Clearco (2015, Canada) $215M - Series D - Jul 2021 Wayflyer (2014, United States) $150M - Series B - Feb 2022 Capchase (2020, United States) $125M - Series A - May 2021 Clearco (2015, Canada) $100M - Series C - Apr 2021 Capchase (2020, United States) $80.0M - Series B - Mar 2022 Uncapped (2019, United Kingdom) $80.0M - Series B - Mar 2021 Wayflyer (2014, United States) $76.0M - Series A - May 2021 View all 26 Funding Rounds on Tracxn Platform
- 52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Core Banking Platforms 44 52 Back to index Banking Tech (Razorpay) (# Cos: 6526 | $59.1B) Core Banking Platforms (Thought Machine) (# Cos: 262 | $1.8B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $561M (▲18.4%) 8(▼20%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 21 $1.8B 57 7 262 10 Thought Machine (2014, United Kingdom, $412M) Alkami (2009, United States, $421M) Mambu (2011, Netherlands, $446M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Mambu (2011, Netherlands) $266M - Series E - Dec 2021 Thought Mach.. (2014, United Kingdom) $200M - Series C - Aug 2021 Thought Mach.. (2014, United Kingdom) $54.2M - Series C - Feb 2022 Tuum (2019, Estonia) $16.9M - Series A - Jan 2022 Nymbus (2015, United States) $15.0M - Series C - Apr 2021 Nymbus (2015, United States) $5.0M - Series C - Jun 2021 Nymbus (2015, United States) $3.0M - Series C - Aug 2021 View all 8 Funding Rounds on Tracxn Platform
- 53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Cap Table Management 45 53 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $550M (▲132%) 12(▲20%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 6 $1.3B 32 - 51 8 Finance & Accounting Tech (Fiserv) (# Cos: 11734 | $35.9B) Financial Planning & Analysis (Anaplan) (# Cos: 1301 | $5.1B) Equity Administration (Certent) (# Cos: 91 | $1.3B) Cap Table Management (Carta) (# Cos: 51 | $1.3B) Carta (2012, United States, $1.2B) Certent (2002, United States, $36.2M) Vertalo (2017, United States, $5.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Carta (2012, United States) $500M - Series G - Aug 2021 Qapita (2019, Singapore) $15.0M - Series A - Oct 2021 Ledgy (2017, Switzerland) $10.0M - Series A - Sep 2021 Vertalo (2017, United States) $5.0M - Series A - May 2021 Quotabook (2019, South Korea) $5.0M - Series A - Aug 2021 Qapita (2019, Singapore) $5.0M - Seed - Apr 2021 Rulezero (2019, India) $2.5M - Seed - May 2021 View all 12 Funding Rounds on Tracxn Platform
- 54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Internet First Pet Insurers 46 54 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $538M (▲451%) 5(▲400%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $740M 14 1 38 2 Internet First Insurance Platforms (Policybazaar) (# Cos: 3405 | $35.5B) Internet First Insurers (Lemonade) (# Cos: 1074 | $23.5B) P&C (Coalition) (# Cos: 730 | $10.6B) Pet (SanteVet) (# Cos: 38 | $740M) SanteVet (2003, France, $171M) Bought By Many (2012, United Kingdom, $522M) Petplan Insurance (2003, United States, $1.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Bought By Many (2012, United Kingdom) $350M - Series D - Jun 2021 SanteVet (2003, France) $171M - Series B - Feb 2022 Wagmo (2018, United States) $14.0M - Series A - Jul 2021 Odie (2019, United States) $3.0M - Seed - Jun 2021 Oyen (2021, Malaysia) $420K - Seed - Jun 2021
- 55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Card Linked Digital Wallets 47 55 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $519M (▼66.4%) 13( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 12 $11.9B 72 3 298 15 Payments (PayPal) (# Cos: 13645 | $130B) Consumer Payments (PhonePe) (# Cos: 4424 | $75.7B) Wallets (Gojek) (# Cos: 1536 | $62.6B) Card Linked (Grab) (# Cos: 298 | $11.9B) Grab (2012, Singapore, $10.4B) PhonePe (2012, India, $700M) Lydia (2013, France, $260M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Grab (2012, Singapore) $375M - Series H - Jul 2021 Lydia (2013, France) $100M - Series C - Dec 2021 MOVii (2002, Colombia) $17.0M - Series C - Feb 2022 MOVii (2002, Colombia) $15.0M - Series B - Oct 2021 TAG (2020, Pakistan) $12.0M - Seed - Sep 2021 Pyypl (2017, United Arab Emirates) $11.0M - Series A - Feb 2022 RecargaPay (2010, Brazil) $10.0M - Series C - Nov 2021 View all 13 Funding Rounds on Tracxn Platform
- 56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Credit Card Bill Payments 48 56 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $500M (▲517%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $1.2B 9 - 24 3 Payments (PayPal) (# Cos: 13645 | $130B) Consumer Payments (Grab) (# Cos: 4424 | $75.7B) Vertical Payments (Fawry) (# Cos: 1480 | $2.3B) Bill Payments (Papaya Payments) (# Cos: 1020 | $1.7B) Credit Cards (CRED) (# Cos: 24 | $1.2B) CRED (2018, India, $694M) Walnut (2014, India, $9.4M) Bright (2019, United States, $31.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CRED (2018, India) $251M - Series E - Oct 2021 CRED (2018, India) $215M - Series D - Apr 2021 Bright (2019, United States) $31.0M - Series A - Sep 2021 Max Rewards (2016, United States) $3.0M - Seed - Sep 2021
- 57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Invoice Processing Automation 49 57 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $489M (▼10.8%) 8(▼38.5%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 10 $2.1B 35 1 225 8 Finance & Accounting Tech (Intuit) (# Cos: 11734 | $35.9B) Accounting Solutions (Fiserv) (# Cos: 7888 | $23.6B) Procure to Pay (Coupa) (# Cos: 1054 | $9.8B) Account Payables (MineralTree) (# Cos: 298 | $2.4B) Invoice Processing (AvidXchange) (# Cos: 225 | $2.1B) AvidXchange (2000, United States, $1.2B) Melio Payments (2018, United States, $506M) Plate IQ (2014, United States, $164M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Melio Payments (2018, United States) $250M - Series D - Sep 2021 Plate IQ (2014, United States) $160M - Series B - Nov 2021 Stampli (2014, United States) $50.0M - Series C - May 2021 Higo (2017, Mexico) $23.0M - Series A - Sep 2021 Higo (2017, Mexico) $3.3M - Seed - Mar 2021 Fishtail (2021, United States) $1.3M - Seed - Dec 2021 Nook (2015, United Kingdom) $1.1M - Seed - Oct 2021 View all 8 Funding Rounds on Tracxn Platform
- 58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Recent Funding Rounds Cryptocurrency Staking 50 58 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $481M (▲1470%) 14(▲55.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $836M 41 1 134 6 Cryptocurrencies (Coinbase) (# Cos: 17903 | $31.4B) Mining (Bitmain) (# Cos: 2117 | $3.2B) Pool Mining (Staked) (# Cos: 470 | $975M) Staking (Circle) (# Cos: 134 | $836M) Circle (2013, United States, $686M) Staked (2018, United States, $4.5M) Tokens.com (2020, Canada, $25.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Circle (2013, United States) $440M - Series F - May 2021 Lido (2020, Finland) $70.0M - Series A - Mar 2022 Stader Labs (2021, Singapore) $12.5M - Series A - Jan 2022 pSTAKE (2021) $10.0M - Series A - Nov 2021 ClayStack (2020, Singapore) $5.2M - Seed - Jul 2021 Stader Labs (2021, Singapore) $4.0M - Seed - Oct 2021 Pillow Fund (2021, India) $3.0M - Seed - Jan 2022 View all 14 Funding Rounds on Tracxn Platform
- 59. FinTech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies US Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Israel Tech Key News in FinTech Events in Bay Area Angel Investors in United States Bluebox Companies Investment Activity Miscellaneous Company Detail Page of DoorDash Competitors of Freshworks Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 59
- 60. FinTech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Explore other Reports on Tracxn HRTech InsurTech Food Tech Novel Foods Blockchain Network P2P Remittance Business Model Reports FinTech Europe Consumer Digital SEA HiTech US Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA FinTech Enterprise Applications Artificial Intelligence Geo Monthly Reports US Tech Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech 60
- 61. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. FinTech - Top Business Models Report Thank You 61 Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com