The FinTech sector attracted $21.5 billion in venture capital investment last year, the lowest level of funding since 2016.
AI ate fintech's lunch. But smart money still flows to specific niches. Enterprise spend management. Cross-border payments. Embedded finance infrastructure.
The bar is higher now. Growth without burn rate. Revenue from day one. Clear path to profitability.
What changed in fintech funding
Consumer fintech is out. B2B infrastructure is in.
BNPL startups struggle. Neobanks consolidate. Crypto platforms pivot or die.
Winners solve real problems for businesses. They embed into workflows. They generate immediate ROI.
Follow the money
Ramp, a corporate spend platform, completed a $150 million tender offer in 2025, reaching a valuation of $13 billion.
Enterprise fintech thrives. Cross-border payments scale. RegTech automates compliance.
Smart founders target CFOs, not consumers.
Track your fintech pitch performance
Enterprise buyers evaluate differently. They scrutinize ROI calculations. Security audits take months.
Know exactly how investors interact with your deck. Which integration slides matter. When they share with investment committees.
Ellty helps fintech startups understand investor behavior patterns.
35 Active fintech investors
1. Ribbit Capital
Fintech specialist with 11 unicorns in portfolio.
Investment focus: Payments infrastructure, embedded finance, B2B fintech
Investment range: Series A to growth, $10M-$100M+
Notable investments: Stripe, Robinhood, Coinbase, Affirm
Contact: ribbitcap.com
2. QED Investors
Founded by Capital One veterans, pure fintech focus.
Investment focus: Credit infrastructure, insurtech, Latin America fintech
Investment range: Seed to Series C, $2M-$50M
Notable investments: Nubank, Credit Karma, SoFi, Klarna
Contact: qedinvestors.com
3. Andreessen Horowitz (a16z)
Major Silicon Valley firm with dedicated fintech practice.
Investment focus: Crypto/Web3, B2B payments, financial infrastructure
Investment range: Seed to growth, flexible sizing
Notable investments: Coinbase, Stripe, Affirm, OpenSea
Contact: a16z.com
4. Bessemer Venture Partners
Cloud-first investor active in fintech transformation.
Investment focus: Vertical SaaS with payments, embedded finance
Investment range: Series A to growth, $5M-$50M
Notable investments: Toast, Twilio, Shopify payments
Contact: bvp.com
5. Accel Partners
Early Facebook investor now deep in fintech.
Investment focus: European fintech, payments, B2B financial services
Investment range: Seed to growth
Notable investments: Braintree, Funding Circle, WorldRemit
Contact: accel.com
6. Sequoia Capital
Legendary VC with strong fintech portfolio.
Investment focus: Platform plays, crypto infrastructure
Investment range: Series A typical entry
Notable investments: Stripe, Square, PayPal (early)
Contact: sequoiacap.com
7. FinTech Collective
NYC-based specialist fintech investor.
Investment focus: Capital markets tech, B2B fintech, insurtech
Investment range: Seed to Series B, $1M-$15M
Notable investments: MoneyLion, Flywire, Vestwell
Contact: fintech.io
8. Anthemis Group
Global fintech specialist since 2010.
Investment focus: Digital banking, insurtech, wealthtech
Investment range: Seed to growth
Notable investments: Betterment, eToro, Trov
Contact: anthemis.com
9. Nyca Partners
Fintech-only fund by industry veterans.
Investment focus: B2B fintech, infrastructure, compliance tech
Investment range: Seed to Series B, $2M-$20M
Notable investments: Socure, Unit, Sardine
Contact: nyca.com
10. General Catalyst
Cross-stage investor with fintech expertise.
Investment focus: Embedded finance, vertical fintech
Investment range: Seed to growth
Notable investments: Stripe, Gusto, Digit
Contact: generalcatalyst.com
11. Index Ventures
European powerhouse investing globally.
Investment focus: Payments, neobanks, B2B fintech
Investment range: Series A to growth
Notable investments: Robinhood, Adyen, Revolut
Contact: indexventures.com
12. Lightspeed Venture Partners
Multi-stage global investor.
Investment focus: Consumer fintech, crypto, payments
Investment range: Seed to growth
Notable investments: Affirm, Blockchain.com
Contact: lsvp.com
13. Khosla Ventures
Deep tech investor active in fintech.
Investment focus: AI-powered fintech, infrastructure
Investment range: Seed to growth
Notable investments: Square, Stripe, Affirm
Contact: khoslaventures.com
14. Thrive Capital
Growth investor founded by Josh Kushner.
Investment focus: Consumer fintech at scale
Investment range: Series B+, $20M+
Notable investments: Robinhood, Oscar, Lemonade
Contact: thrivecap.com
15. Google Ventures (GV)
Alphabet's venture arm.
Investment focus: AI-powered fintech, data infrastructure
Investment range: Seed to growth
Notable investments: Robinhood, One Finance
Contact: gv.com
16. Tiger Global
Late-stage investor in proven fintech.
Investment focus: Scaled fintech businesses
Investment range: Series C+, $50M+
Notable investments: Stripe, Razorpay
Contact: tigerglobal.com
17. DST Global
Russian-founded global growth investor.
Investment focus: Emerging markets fintech
Investment range: Series B+, $25M+
Notable investments: Nubank, Robinhood
Contact: dst.global
18. Citi Ventures
Strategic corporate venture arm.
Investment focus: Enterprise fintech, B2B infrastructure
Investment range: Strategic investments
Notable investments: Betterment, BlueVine
Contact: citi.com/ventures
19. Visa Ventures
Payment giant's strategic investment arm.
Investment focus: Payment innovation, embedded finance
Investment range: Strategic partnerships
Notable investments: Stripe, Klarna
Contact: visa.com
20. Mastercard Start Path
Accelerator and investment program.
Investment focus: Payment tech, digital identity
Investment range: Strategic investments
Notable investments: Fintech infrastructure companies
Contact: startpath.mastercard.com
21. PayPal Ventures
Strategic fintech investor.
Investment focus: Commerce enablement, crypto
Investment range: Series A+
Notable investments: Taxjar, Tink
Contact: paypal.com/ventures
22. American Express Ventures
Strategic investor in commerce innovation.
Investment focus: B2B payments, expense management
Investment range: Strategic investments
Notable investments: Stripe, Bill.com
Contact: americanexpress.com/ventures
23. Goldman Sachs Growth
Investment bank's venture arm.
Investment focus: Capital markets tech, wealthtech
Investment range: Growth equity
Notable investments: Tradeweb, various fintechs
Contact: goldmansachs.com
24. JP Morgan Strategic Investments
Banking giant's venture arm.
Investment focus: Enterprise fintech, blockchain
Investment range: Strategic sizing
Notable investments: Various B2B fintech
Contact: jpmorgan.com
25. SV Angel
Super angel fund by Ron Conway.
Investment focus: Early-stage fintech
Investment range: Seed, $100K-$1M
Notable investments: 6 fintech unicorns at seed
Contact: svangel.com
26. Y Combinator
Leading accelerator with fintech focus.
Investment focus: All fintech verticals
Investment range: $500K for 7%
Notable investments: Stripe, Coinbase (early)
Contact: ycombinator.com
27. Spark Capital
Early-stage investor in transformative companies.
Investment focus: Consumer fintech, marketplaces
Investment range: Series A-B
Notable investments: Affirm, Postmates
Contact: sparkcapital.com
28. Coatue Management
Crossover fund investing in fintech.
Investment focus: Late-stage fintech, crypto
Investment range: Series C+, $50M+
Notable investments: Chime, various crypto
Contact: coatue.com
29. Insight Partners
Growth equity specialist.
Investment focus: B2B SaaS with payments
Investment range: Series B+, $20M+
Notable investments: Shopify, various fintech
Contact: insightpartners.com
30. Paradigm
Crypto-focused fund by Coinbase co-founder.
Investment focus: Crypto infrastructure, DeFi
Investment range: All stages in crypto
Notable investments: Uniswap, FTX (pre-collapse)
Contact: paradigm.xyz
31. NFX
Network effects focused seed fund.
Investment focus: Marketplace fintech, network businesses
Investment range: Pre-seed to seed
Notable investments: Various marketplace fintechs
Contact: nfx.com
32. Better Tomorrow Ventures
Seed-stage fintech specialist.
Investment focus: Underserved markets, financial inclusion
Investment range: Pre-seed to seed, $500K-$2M
Notable investments: Early-stage fintech innovators
Contact: btventures.com
33. Canapi Ventures
Bank-backed fintech investor.
Investment focus: B2B fintech serving banks
Investment range: Series A-B, $5M-$20M
Notable investments: Banking infrastructure
Contact: canapi.com
34. Commerce Ventures
Fintech and retail tech investor.
Investment focus: Payments, retail innovation
Investment range: Seed to Series A
Notable investments: Various payment companies
Contact: commercevc.com
35. Core Innovation Capital
Financial services for everyday Americans.
Investment focus: Financial inclusion, embedded finance
Investment range: Seed to Series A
Notable investments: Chime, Synapse
Contact: cic.vc
Fintech sectors still getting funded
Winners in 2025
B2B Payments: Still massive, still broken. Enterprises pay millions to move money.
Cross-Border: $150 trillion market. 2% fees. Do the math.
Embedded Finance: Every app becomes a bank. Infrastructure picks and shovels win.
RegTech/Compliance: Regulations multiply. Automation essential.
Avoid These
Consumer neobanks. BNPL clones. Crypto trading apps. Personal finance managers.
Unless you have unfair distribution advantage.
Fintech playbook
What Gets Funded
Real revenue. Not pilot programs. Not LOIs. Actual money from actual customers.
Positive unit economics. Show contribution margin. Prove scalability.
Regulatory clarity. Know your licenses. Have compliance figured out.
Due Diligence in 2025
Banking partnerships get scrutinized. Technical architecture reviewed. Compliance audits standard.
Prepare for 6-month processes. Have clean data rooms. Document everything.
Alternative Funding
Revenue-based financing for predictable SaaS. Venture debt after Series A. Strategic investors for distribution.
Banks increasingly act like VCs. Payment companies acquire early. Infrastructure providers invest strategically.
Landing fintech investment
Network through portfolio companies. Warm intros still matter most. Industry conferences create connections.
Show traction metrics weekly. Fintech investors track everything. Momentum matters more than absolutes.
Most importantly: solve a real problem. The best fintech companies make money move faster, cheaper, or safer.
Everything else is feature, not company.
FAQs
Q: How long does fintech fundraising take in 2025?
6-9 months standard. Add 3 months for regulated businesses. Banking partnerships slow everything.
Q: Do I need a banking partner before raising?
For lending or neobanks, yes. For B2B SaaS, no. But having LOIs helps.
Q: What metrics matter most?
MRR growth, CAC payback, gross margin. Fintech investors obsess over unit economics.
Q: Should I raise from strategic or financial VCs?
Both. Strategic for distribution, financial for growth expertise. Blend works best.
Q: What kills fintech deals?
Regulatory uncertainty. No path to profitability. Dependence on one banking partner.
Q: Minimum revenue for Series A?
$2-3M ARR for B2B. Consumer needs 10x more. Exceptions exist for stellar teams.
Q: Best time to approach fintech VCs?
When you have 6+ months runway. They move slowly. Due diligence takes forever.
Q: Valuations in 2025?
Down 40-60% from 2021 peaks. But quality still commands premiums.
