Payments-Related Fintech Categories Seeing Large Growth in Q2

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Last quarter we determined that fintech funding is maturing. This quarter we are taking a closer look on our fintech research platform to examine funding by category. From this analysis, we conclude that payments-related categories are outperforming all other categories by a wide margin.

This conclusion comes from two important takeaways:

  • Consumer Payments leads the sector in Q2 funding
  • Consumer Payments also has the highest funding growth percentage

We’ll explain these takeaways with some graphics and discussions below.

Consumer Payments Leads Fintech in Q2 Funding

To start off, let’s look at fintech category funding in Q2.

Fintech Current Quarter Category Funding

The above graphic shows that Consumer Payments leads the sector in Q2 funding with $15B, with Payments Backend right behind at $14.7B. It’s noteworthy that these payments categories are roughly 13 times larger than the next category, Business Lending.

So we’ve witnessed how different fintech categories stack up in their Q2 funding. But how do these categories’ funding growth rates compare with one another? Let’s investigate that in the next section.

Consumer Payments Funding Grew the Fastest in Q2

The graph below shows the all-time funding in fintech categories with the quarterly funding and growth rates highlighted.

Fintech Total Category Funding

The line graph in the above graphic indicates that Consumer Payments and Payments Backend had the highest growth rates and more than doubled their funding in Q2. 

Although the bar graph demonstrates that Consumer Lending leads in all-time funding with $29B, the two payments-related categories, Consumer Payments and Payments Backend, aren’t far behind with $28B and $27B, respectively.

Conclusion: Payments-Related Fintech Categories Saw Massive Growth Last Quarter

In summary, we have analyzed the fintech funding amounts in different fintech categories. We’ve discovered that Consumer Payments leads in Q2 funding and had the highest growth percentage, with Payments Backend in a close second place for both metrics. It’ll be interesting to see if any other fintech categories will see similarly large growth in the rest of 2018.

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