Venture capital transaction overview Q1 2020 02 #payments VC tracker
Venture capital
Date Volume Funding Target Market Round Investor(s) Segment Description announced (US$m) (US$m)
1 31-12-19 Monisnap France Venture - 2.24 - Money Operates as a digital instant money transfer transfer platform and mobile application, offering an instant service for sending money abroad to family, friends, and business partners.
2 01-01-20 BandPay United States Seed - 2.00 - Alternative Develops and offers a payment payment technology (paytech) platform. systems
3 02-01-20 Critical Ideas United States Venture - 5.27 - Money Offers a cross-border money transfer (Chipper Cash) transfer platform.
4 09-01-20 Paymart India India Seed - - Centre for Payment Provides payment solutions through Innovation acceptance its product, paymart payment Incubation and devices + acceptance solution. Entrepreneurship Software
5 09-01-20 Trustmore India A - 0.15 Inflection Point Processing Offers a digital escrow Technologies Ventures payments platform. (EscrowFFRR)
6 10-01-20 Xpay Holdings Germany Venture - 7.78 Apeiron Issuing Provides branded customer cards, AG Investment Group including Mastercard. Ltd
7 14-01-20 Amazon Pay India N/D - 190.40 Amazon Alternative Operates a digital payment wallet (India) payment used for online transactions. systems
8 15-01-20 Lydia France B - 44.52 Xange Alternative Develops a mobile payment platform payment which has mobile wallets. systems
9 15-01-20 StoreHub Malaysia A - 8.90 Vertex Ventures Payment Offers cloud-based POS systems, an Southeast Asia and acceptance ecommerce platform, QR-powered India devices + loyalty programs and QR table Software ordering.
10 21-01-20 Flutterwave United States B - 35.00 e.ventures Payment Provides a payment service for global acceptance merchants and payment service devices + providers. Software
11 21-01-20 MFS Africa South Africa Venture - 1,2 FSD Africa Processing Develops a gateway to send money to mobile wallets.
12 23-01-20 Cannatrac United States Seed - 5.00 - Alternative Develops a CannaCard, a cashless payment payment platform for the cannabis systems industry.
13 24-01-20 Pine Labs India N/D - Mastercard Alternative Offers a POS merchant platform for payment payment acceptance. systems
14 24-01-20 Segmint Inc. United states N/D - 6.00 - Data analytics Offers data analytics in payments; develops and offers customer insights through data tagging, categorizing, and conceptualizing.
15 27-01-20 Currency Cloud United E - 80.00 Visa Alternative Offers a cloud-based platform for B2B Kingdom payment cross-border payments. systems 03 #payments VC tracker
Venture capital
Date Volume Funding Target Market Round Investor(s) Segment Description announced (US$m) (US$m)
16 28-01-20 Tanda Kenya Seed - HAVAÍC Alternative Develops an application for payment payment wallet and inventory management. systems
17 29-01-20 Klarna Sweden Venture - 200.00 Commonwealth Alternative Provides e-commerce payment Bank of Australia payment solutions for merchants and shoppers. systems
18 30-01-20 Baton Systems United States A - 4.00 Illuminate Financial Processing Develops and offers an on-demand platform for clearing, settling, and managing payments for financial transactions.
19 01-02-20 Global 66 Chile Seed - 3.30 - Money Offers an international online transfer payment platform to transfer money.
20 03-02-20 Glance Canada Seed - 0.13 - Processing Develops and operates mobile Technologies payment processing software and (Perk labs) smart-phone applications.
21 04-02-20 Azimo United Debt 22.14 - European Money Operates a digital money transfer Kingdom Investment Bank transfer network, and provides an application to send money online.
22 04-02-20 Finix Payments United States B - 35.00 Sequoia Capital Processing Offers B2B payment processing infrastructure.
23 04-02-20 Stori card United States A - 10.00 Source Code Issuing Develops digital credit cards. Capital
24 06-02-20 Dotpe India Seed - 8.00 PayU Alternative Offers a disruptive payment system. payment systems
25 06-02-20 GY Commerce South Korea Venture - 13.97 Hanchang Marine Processing Provides an electronic payment Co.,Ltd. service that offers secure internet transactions.
26 06-02-20 Paystand United States B - 20.00 DNX Ventures Processing Operates an electronic payment platform.
27 07-02-20 MoneyGram United States N/D - 9.00 Brink's Money Operates as a money transfer International transfer company to securely and quickly send or receive money.
28 10-02-20 Netcents Canada N/D - 0.75 - Processing Provides electronic digital payment services in Canada.
29 11-02-20 Lambda United States Venture - 0.15 500 startups Issuing issues automated credit cards to consumers.
30 11-02-20 SpotOn United States B - 50.00 01 Advisors Processing Offers a payment processing solution for small businesses.
31 12-02-20 DigitalPay United States Seed - 1.20 Temerity Capital Processing Offers digital payment services. Partners
32 13-02-20 Flywire United States E - 120.00 Goldman Sachs Processing Provides vertical payment services.
33 13-02-20 Innoviti United Debt 5.00 FMO Payment Develops payments processing, credit Kingdom acceptance distribution, and payments devices + management software solutions. Software 04 #payments VC tracker
Venture capital
Date Volume Funding Target Market Round Investor(s) Segment Description announced (US$m) (US$m)
34 14-02-20 Toast United States F - 400.00 Tiger Global Payment Develops POS and restaurant Management, TPG acceptance management software. devices + Software
35 18-02-20 ready2order Austria Seed - 5.42 Reimann Investors Payment Offers a POS solution for GmbH acceptance smartphones, tablets, and computers. devices + Software
36 19-02-20 Self Financial United States C - 20.00 Conductive Issuing Offers credit cards and operates Ventures mobile credit and savings applications.
37 20-02-20 MobiKwik India Venture - 1.50 Atma Securities Alternative Provides a platform for digital wallet, payment online utilities bills payment, etc. systems
38 21-02-20 GrabTaxi Singapore N/D - 856.00 Mitsubishi UFJ Alternative Provides payment services through its Holdings Pte Ltd Financial Group payment wallet, in addition to its systems transportation services.
39 24-02-20 BharatPe India C - 75.00 Ribbit Capital Alternative Offers a UPI payment facility by payment partnering with banks. systems
40 25-02-20 CoolBitX Taiwan B - 16.70 SBI Crypto Issuing Offers a credit card-sized bluetooth Investment hardware wallet.
41 26-02-20 B-social United Seed - 10.12 Rudy Karsan Alternative Provides an all-in-one application that Kingdom payment enables the customer to spend, split systems and settle expenses; also issues debit cards.
42 29-02-20 Watt is it France N/D - 1.65 Fair West Processing Develops an online payment solution SAS(Paygreen) for processing transactions.
43 03-03-20 DigiAsia Bios Indonesia B - Mastercard Processing Develops an application platform that offers digital payments, lending, and remittance services.
44 03-03-20 QRails United States A - 8.00 EFM Asset Processing Provides processing services to Management traditional issuers as well as new payment service providers.
45 03-03-20 TerraPay Netherlands Venture - 9.60 - Money Operates a mobile-first payments transfer service network.
46 04-03-20 Klarna Sweden Venture - Ant Financial Alternative Provides e-commerce payment payment solutions for merchants and shoppers. systems
47 04-03-20 Xinja Pty Ltd Australia N/D - 33.06 Abu Dhabi Issuing Engages in distributing prepaid and Investment Group travel cards.
48 05-03-20 Jassby United States Venture - 5.00 - Alternative Develops a mobile payment system payment for families, chlldren and teens. systems
49 09-03-20 Argent Labs United States A - 12.05 Creandum AB Alternative Operates a digital wallet for payment cryptocurrencies and blockchain systems applications.
50 09-03-20 Finix Payments United States B - 10.00 Inspired Capital Processing Offers B2B payment processing Partners infrastructure. 05 #payments VC tracker
Venture capital
Date Volume Funding Target Market Round Investor(s) Segment Description announced (US$m) (US$m)
51 11-03-20 Alma SAS France Venture - 14.09 ISAI Gestion Processing Provides a payments platform.
52 11-03-20 MoolahGo Pte. Singapore Seed - Lippo Group Money Provides currency exchange and Ltd. transfer cross-border payments to individuals and businesses.
53 12-03-20 FamPay India Seed - 4.70 Y Combinator Issuing Offers debit cards and mobile applications for payments.
54 12-03-20 Shopback Singapore B - 30.00 Temasek Holdings Couponing / Offers a digital loyalty and discovery Loyalty platform.
55 16-03-20 Bakkt United States B - 300.00 The Boston Alternative Operates digital assets in the form of Consulting Group, payment cryptocurrencies, rewards and loyalty PayU, Pantera systems points which are used for payment Capital and money transfer.
56 16-03-20 Payhawk United Seed - 3.35 Earlybird Venture Processing Provides payment processing Kingdom Capital services.
57 24-03-20 Xinja Pty Ltd Australia D - 256.85 World Investments Issuing Engages in distributing of prepaid and travel cards.
58 26-03-20 Lanistar Limited United Seed - 2.43 - Issuing Offers polymorphic debit card Kingdom services.
59 26-03-20 Plastiq United States D - 75.00 B Capital Group Alternative Provides an online payment service payment that enables its members to use credit systems and debit cards to make payments.
60 26-03-20 Fast AF, Inc. United States A - 20.00 Stripe, Inc. Security Develops and provides software that enables security for one-click payment.
61 27-03-20 PAYNETICS AD Bulgaria Venture - 2.77 Bulgarian- Payment Provides payment solutions for card American Credit acceptance acquiring and issuing, account Bank AD devices + management, bank transfers and Software e-wallets.
62 27-03-20 XGD Inc. China N/D - 162.07 - Payment Researches, develops, manufactures, Mainland acceptance sells, and leases POS terminals. devices + Software
63 27-03-20 phyre JSC Bulgaria Venture - 1.72 New Vision 3 Alternative Operates a digital wallet that allows payment payments and money transfers. systems
64 29-03-20 EVO Payments, United states N/D - 150.00 Madison Dearborn Processing Operates as an integrated merchant Inc. Partners, LLC acquirer and payment processor in the Americas and Europe.
65 31-03-20 Kyash Inc. Japan C - 43.68 Goodwater Capital Issuing Offers a Visa card issuing and payment processing technology platform.
Source: Crunchbase and S&P Capital IQ EY | Assurance | Tax | Strategy and Transactions | Consulting
About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via ey.com/privacy. For more information about our organization, please visit ey.com. © 2020 EYGM Limited. All Rights Reserved.
EYG no. 004153-20Gbl
BMC Agency GA 1015771
ED None
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com/globalpayments