Making Sense of the FinTech Startup Ecosystem

At this time, we are tracking 1,425 FinTech companies across 19 categories, with a combined funding amount of $30.37B. These are relatively new companies that either serve existing pieces of the financial system or develop alternatives to those pieces. It includes B2B and B2C companies.

See the breakdown in sector funding and the most updated market information at http://insights.venturescanner.com/venture-scanner-sector-maps/.

Lending (Consumer): New ways for consumers to obtain personal loans. Includes peer-to-peer lending for education loans, housing loans, payday lending, and micro-financing. Also, includes companies that provide big data analytics and consumer credit scoring services.

Lending (Business): New ways for companies to raise debt financing. Includes small business loan underwriting, provision of working capital, peer-to-peer lending platforms, asset-based lines of credit (i.e. borrow against unpaid invoices), and micro-financing. Also, includes companies that provide big data risk analytics and business credit information.

Payments (Acquirer — Online/ Electronic): Payment companies centered around acquirers; provides online payment solutions for e-commerce merchants; includes online payment gateways, ACH, direct deposits, payments back-end for mobile apps.

Payments (Acquirer — Point-of-Sales): Payment companies centered around acquirers; provides physical payment solutions for brick-and-mortar businesses and organizations; includes mobile point-of-sales (POS) systems and POS innovations (e.g. QR code, palm scanners).

Payments (Issuer/ Consumer): Payment companies centered around issuers and consumers; includes mobile wallets, credit card aggregators, prepaid card innovations, and peer-to-peer payments.

Small Business/ Non-Profit Organization Tools: Tools that help small & medium businesses manage their finances — including tax, payroll, invoicing, and accounting tools. Also includes tools for non-profit organizations.

Personal Finance: New ways for consumers to manage their personal finances — including tools to track expenses, clear debt, and save money. Also includes tools that address wrongful credit card charges, tools that optimize for credit card rewards, and insurance comparison tools.

Retail Investment: New ways for the consumers to invest — including theme-based investments, crowdsourced investment expertise, unbiased algorithmic investment advice, and investment social networks.

Remittances: Companies that allow consumers to send money abroad easily and cheaply. Money can be sent in the form of cash or gift cards.

Equity Financing: News ways for private companies to raise capital in exchange for equity and for investors to participate in private securities markets — including crowdsourcing platforms and secondary markets.

Institutional Investment: New ways for wealth managers, hedge fund managers, and professional traders to manage their portfolios and optimize returns — including tools for stock sentiment analysis, alternative investment platforms, and algorithmic trading tools.

Consumer Banking: New ways for consumers to interface with banking services — including Internet-banking-only services and virtual credit cards.

Banking Infrastructure: Solutions that improve the operations of financial institutions — including API integration with banks, white-label mobile solutions, and big-data solutions.

Individualized Insurance: Companies that optimize insurance costs, such as comparison websites and technologies that allow for personalized quotes (such as Pay As You Drive automotive telematics).

Financial Research and Data: Information services that enable investors to make better investment decisions — including news, research, and data sources.

Security, Authentication, and Fraud: Includes companies that create products in the area of security, authentication (e.g. identify verification), fraud detection/prevention (e.g. payments fraud, loan fraud).

Crowdfunding (Non-Investment): Non-equity, non-lending/debt crowdfunding platforms for products, social causes, and creative projects. Also includes civic crowdfunding platforms and platforms that give backers a cut of royalty payments from product sales.

Financial Technology Investments: Venture capital funds, corporate venture funds, and accelerators focused on investing in financial technology startups.

Venture Scanner enables corporations to research, identify, and connect with the most innovative technologies and companies. We do this through a unique combination of our data, technology, and expert analysts. If you have any questions, reach out to [email protected].