Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG.
Granted, this is not the enthusiasm of years past, especially the wild days of 2021. But judging by our inboxes, there is no shortage of venture capitalists still betting big on the space.
Below is a list of just a few VCs who remain bullish on fintech.
About the VC: Infinity Ventures is a three-year-old early-stage venture firm dedicated to investing in fintech startups globally founded by Jeremy Jonker, Jay Ganatra, and Mario Ruiz.
They left PayPal Ventures in May 2021 and closed on their first $158 million fund in October 2021. In October 2024, the firm raised a $184 million Fund II, bringing total assets under management to more than $350 million.
Average check size: Depends on stage: $1-2 million pre-seed; $2-4 million seed; and $5-10 million Series A.
Notable investments: Rainforest, Pagos, Mendel.
Most recent big investment: SimpleClosure, a business-closure platform.
The firm’s focus is on B2B fintech and commerce enablement.
About the VC: Founded in 2019 by NerdWallet co-founder Jake Gibson and Sheel Mohnot, Better Tomorrow Ventures leads rounds in pre-seed and seed-stage fintech companies globally.
It has $225 million in assets under management.
Average check size: Ranges from $500,000 to $4 million.
Notable investments: Unit, Relay, Coast, Mendel, Charlie.
Most recent major investment: Basis (BTV led seed, Khosla led A).
If pitching Better Tomorrow Ventures, Mohnot previously told us: “Find a way to get in front of us that is exciting! We respond to cold emails all the time — here’s an example of a cold email that worked.”
About the VC: Founded in 2022 by “This Week in Fintech” newsletter author Nik Milanović, The Fintech Fund invests in fintech companies globally at the pre-seed and seed stages.
Last September, the firm closed its second $10 million fund.
Average check size: Ranges from $200,000 to $400,000.
Notable investments: Rainforest, Unit, Cascading AI, Ansa.
Most recent major investment: WiseLayer.
If founders are looking for hands-on investors, they’ll find it in The Fintech Fund, according to Milanović.
“There’s a lot of ETFs that will write large checks,” he told TechCrunch previously. “But our goal is to really bring together this whole community — and that’s newsletter readers, investors in the fund, our angel syndicate — so that when the founder gets a check out of The Fintech Fund, it’s not just money but also a ton of consulting or referrals to new hires and to new customers.”
About the VC: Atlanta-based TTV Capital invests in early-stage companies with a focus on trad …