Fintech Investment Booming, Says Report (July 29, 2014)
Financial technology investment by major venture capital firms more than tripled between 2009 and 2013, a new study found. The report by CB Insights tracked fintech investments made over the past five years by the 12 largest venture capital providers in the U.S., including Andreessen Horowitz and Sequoia Capital.
Those firms’ total investment in new fintech ventures and established startups reached nearly $3 billion in 2013, compared to under $930 million in 2009, the report found. The study also found the major VC firms to be most bullish on four particular fintech markets: lending, personal financial management, payments technology and virtual currency. A number of startups in those areas, including Square, Stripe and Coinbase, attracted investment from multiple investors in the study.
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