
The Payments sector has over 8K+ tech startups which participate in web based and also offline payment modes. Also includes companies which provide alternative modes of payment, companies which support the payment ecosystem in terms of security, analytics and platform.
Payments is also one of the active sectors for investors, with an overall funding of nearly USD 108 Bn in 2K+ companies. It is also interesting to note that nearly half of the funding has been raised in the recent 2 years (2018-2019).
Y Combinator, Plug and Play Tech Center, Village Capital, Sequoia Capital, Techstars are amongst the most active investors in this sector, by number of investments.
Consumer Payments (Wallets, Payment Cards), Business payment solutions (Online payment platforms, POS solutions), White label solutions are the top business models attracting major funding.
The sector has also seen the rise of over 16 unicorns - EquensWorldline, FraudMetrix, Marqeta just to name a few; We also have nearly 113 public companies - Tyro, Network International, i3 Verticals going public in the recent past.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Top Payments startups’ – a curated list of the most promising startups leading the Payments ecosystem, from across the globe.
Unicorns, with their valuations exceeding the billion dollar mark, and even multi-billion mark in a few cases, represent the top Payments startups globally.
2013, Sao Paulo
USD 820M
2017, San Francisco
USD 315M
2013, Hangzhou
USD 246M
2015, Jakarta
-
2016, Utrecht
-
The Soonicorns - soon to be Unicorns - are the handful of highly valued startups which have successfully grown out of their nascency to attract valuations of over a few hundred millions. Watch out for these companies in the coming years as they take on the journey to becoming the elite Unicorns.
2015, London
USD 75M
2013, Shanghai
USD 61M
2014, Manhattan
USD 54M
2015, Bangalore
USD 49M
The Minicorns - are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth.
2014, Atlanta
USD 82M
2013, London
USD 74M
2015, Gurgaon
USD 65M
2016, San Francisco
USD 64M
2014, Jakarta
USD 40M
2016, Herndon
USD 35M
2015, London
USD 31M
2013, Paris
USD 28M
2016, Odense
USD 19M
2016, London
USD 18M
2016, New York City
USD 17M
2015, Tel Aviv
USD 16M
2015, San Francisco
USD 12M
2013, Melbourne
USD 12M
2016, Fremont
USD 12M
2013, London
USD 11M
2015, Lahore
USD 6M
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Disclosed
USD 820M 2013 , Sao Paulo (Brazil) Credit card issuer and digital bank Investors: TCV, Tencent + 14 more Last round: USD 400M, Series F, Jul 2019 |
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Disclosed
USD 315M 2017 , San Francisco (United States) Corporate expense credit card solution Investors: Credit Suisse, Kleiner Perkins + 16 more Last round: USD 200M, Conventional Debt, Dec 2019 |
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Disclosed
USD 246M 2013 , Hangzhou (China) AI-based risk management solutions Investors: GF Securities, Zheshang Venture Capital + 18 more Last round: Series D, Jun 2019 |
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Disclosed
- 2015 , Jakarta (Indonesia) Mobile-based payment solution Investors: Tokopedia, Grab Last round: Series A, Mar 2019 |
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Disclosed
- 2016 , Utrecht (Netherlands) Payment processsing and transactional service provider Investors: Last round: - |
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Disclosed
USD 147M 2018 , Bangalore (India) Rewards-based platform for credit card bill payments Investors: Sequoia Capital, Ribbit Capital + 31 more Last round: USD 120M, Series B, Aug 2019 |
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Disclosed
USD 134M 2013 , Ho Chi Minh City (Vietnam) Mobile first payment service provider Investors: Warburg Pincus, Goldman Sachs Investment Partners + 2 more Last round: USD 100M, Series C, Jan 2019 |
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Disclosed
USD 107M 2014 , Bangalore (India) Payment gateway solutions Investors: Ribbit Capital, Tiger Global Management + 19 more Last round: USD 75M, Series C, Jun 2019 |
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Disclosed
USD 107M 2013 , Kansas City (United States) Mobile based payment platform for government agencies Investors: Insight Venture Partners, Advantage Capital + 4 more Last round: USD 100M, Series B, Mar 2019 |
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Disclosed
USD 100M 2013 , Menlo Park (United States) Credit card provider Investors: Goldman Sachs, Sallie Mae + 8 more Last round: USD 50M, Series C, Nov 2019 |
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Disclosed
USD 82M 2017 , Bangalore (India) QR code based payment app Investors: Ribbit Capital, Steadview Capital + 21 more Last round: USD 50M, Series B, Aug 2019 |
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Disclosed
USD 82M 2014 , London (United Kingdom) Mobile app to track expenses along with Mastercard enabled card Investors: Silicon Valley Bank, Battery Ventures + 20 more Last round: Venture Debt, Jul 2019 |
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Disclosed
USD 79M 2015 , Copenhagen (Denmark), London (United Kingdom) Corporate payment card for expense management Investors: Stripes Group, Kinnevik + 5 more Last round: USD 56M, Series B, May 2019 |
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Disclosed
USD 75M 2015 , London (United Kingdom) Smart card for aggregating multiple cards Investors: Gauss Ventures, CreditEase + 16 more Last round: USD 6M, Series B, Sep 2019 |
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Disclosed
USD 61M 2013 , Shanghai (China) Android PoS suite provider for merchants Investors: Ant Financial, Xiaomi + 4 more Last round: Series C, Jan 2019 |
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Disclosed
USD 54M 2014 , Manhattan (United States) Blockchain based payment fraud prevention & compliance solutions Investors: Mitsubishi UFJ Financial Group, Sozo Ventures + 9 more Last round: USD 6M, Series B, Apr 2019 |
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Disclosed
USD 49M 2015 , Bangalore (India) Mobile-banking solution for employee benefits management Investors: Horizons Ventures, Tencent + 3 more Last round: USD 35M, Series B, Jul 2019 |
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Disclosed
USD 48M 2016 , New York City (United States) Alternative credit card Investors: Jefferies, Valar Ventures + 34 more Last round: USD 300M, Conventional Debt, Sep 2019 |
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Disclosed
USD 43M 2015 , Mumbai (India) EMI-based purchase loans platform Investors: BAC Acquisitions, Endiya Partners + 14 more Last round: USD 7M, Conventional Debt, Jul 2019 |
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Disclosed
USD 34M 2014 , Toronto (Canada) Credit monitoring and financial products comparison platform Investors: WHITE STAR CAPITAL, Clocktower Technology Ventures + 17 more Last round: Venture Debt, Jun 2019 |
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Disclosed
- 2016 , Phoenix (United States) P2P mobile money transfer app Investors: Last round: - |
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Disclosed
USD 82M 2014 , Atlanta (United States) The debit card for kids that parents manage from their phones Investors: Drive Capital, JPMorgan Chase + 14 more Last round: USD 54M, Series B, Aug 2019 |
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Disclosed
USD 74M 2013 , London (United Kingdom) QR code based mobile payment service provider & consumer behavior analysis Investors: Hard Yaka, METRO GROUP + 11 more Last round: USD 30M, Series B, Oct 2018 |
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Disclosed
USD 65M 2015 , Gurgaon (India) Mobile app for checking mobile prepaid balance Investors: NH Investment and Securities, IMM Investment + 20 more Last round: USD 23M, Series C, Oct 2019 |
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Disclosed
USD 64M 2016 , San Francisco (United States) Payment gateway API provider in Africa Investors: Greycroft Partners, CRE Venture Capital + 28 more Last round: USD 35M, Series B, Jan 2020 |
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Disclosed
USD 54M 2016 , Los Angeles (United States) Payment technology devised for offline retailers Investors: Zeev ventures, Chicago Ventures + 4 more Last round: USD 12M, Series B, Sep 2019 |
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Disclosed
USD 45M 2015 , New York City (United States) Mobile wallet app and debit card for kids Investors: Wellington Management + 10 more Last round: USD 20M, Series B, Oct 2019 |
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Disclosed
USD 45M 2013 , Milan (Italy) Wallet for consumer payments Investors: Copper Street Capital, Endeavor + 11 more Last round: USD 12M, Series B, Jul 2018 |
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Disclosed
USD 41M 2015 , Barcelona (Spain) Payment card and group payment solutions Investors: Greycroft Partners, Expon Capital + 14 more Last round: USD 8M, Series B, Jun 2019 |
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Disclosed
USD 40M 2014 , Jakarta (Indonesia) mPOS software and hardware solutions for offline retailers Investors: Sequoia Capital, SoftBank Ventures Korea + 8 more Last round: USD 24M, Series B, Sep 2018 |
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Disclosed
USD 35M 2016 , Herndon (United States) Anti-botnet platform for user experience protection and abuse and fraud prevention Investors: Edison Partners, Sorenson Capital + 9 more Last round: USD 26M, Series A, Mar 2019 |
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Disclosed
USD 31M 2015 , London (United Kingdom) B2B payment solutions Investors: Frog Capital + 1 more Last round: USD 12M, Grant (prize money), Aug 2019 |
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Disclosed
USD 28M 2013 , Paris (France) Platform for cross-border transactions for businesses Investors: Serena, Breega Capital + 2 more Last round: USD 17M, Series B, Nov 2018 |
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Disclosed
USD 26M 2015 , Tokyo (Japan) Payment cards solution provider Investors: Goodwater Capital, Mitsubishi UFJ Capital + 8 more Last round: USD 14M, Series B, Jul 2019 |
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Disclosed
USD 23M 2013 , Cape Town (South Africa) Provider of mPOS solutions to offline businesses Investors: FMO, Accion + 10 more Last round: USD 16M, Series B, Sep 2018 |
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Disclosed
USD 22M 2016 , Jakarta (Indonesia) Mobile wallet application for payments Investors: DST Global + 5 more Last round: USD 21M, Series A, Sep 2018 |
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Disclosed
USD 21M 2015 , Bangalore (India) Credit card provider Investors: Finup Group, Blume Ventures + 17 more Last round: USD 3M, Series A, Sep 2019 |
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Disclosed
USD 19M 2016 , Odense (Denmark) White label solutions for corporate cards Investors: Seed Capital, SEB + 8 more Last round: USD 10M, Series B, Nov 2019 |
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Disclosed
USD 18M 2016 , London (United Kingdom) Cloud-based connectivity, payment processing, clearing and settlement services Investors: Draper Esprit + 2 more Last round: USD 6M, Grant (prize money), Jun 2019 |
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Disclosed
USD 17M 2016 , New York City (United States) Virtual credit cards for business purchasing Investors: Tribe Capital, Silicon Valley Bank + 11 more Last round: USD 12M, Series A, Oct 2019 |
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Disclosed
USD 16M 2015 , Tel Aviv (Israel) Technology to enable money transfer via messaging apps Investors: MizMaa Ventures, SBI Holdings + 17 more Last round: USD 10M, Series B, Oct 2017 |
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Disclosed
USD 15M 2013 , Portland (United States) Mobile payments for vending machines. Investors: Matrix Partners, GV + 3 more Last round: USD 12M, Series A, Jun 2015 |
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Disclosed
USD 14M 2016 , Melbourne (Australia) Payment solutions for banks Investors: Plug and Play Tech Center, Alium Capital Management Last round: USD 7M, Series A, Jun 2019 |
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Disclosed
USD 14M 2017 , Singapore, Beijing (China) End-to-End Merchant Banking Platform Investors: State Bank of India, Arbor Ventures + 6 more Last round: USD 8M, Series A, Mar 2019 |
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Disclosed
USD 12M 2015 , Bangalore (India) App-based credit line Investors: Sequoia Capital, New Enterprise Associates + 3 more Last round: USD 9M, Series A, Jun 2017 |
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Disclosed
USD 12M 2015 , San Francisco (United States) Online payment gateway service provider Investors: Stripe, Y Combinator + 20 more Last round: USD 10M, Series A, Aug 2018 |
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Disclosed
USD 12M 2013 , Melbourne (Australia) Escrow payments for marketplaces Investors: Invest Victoria, Carsales + 6 more Last round: Series A, Apr 2017 |
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Disclosed
USD 12M 2016 , Fremont (United States) Post trade solution for merchants Investors: Alsop Louie Partners, Commerce Ventures + 1 more Last round: USD 12M, Series A, Aug 2019 |
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Disclosed
USD 11M 2013 , London (United Kingdom) Mobile only banking for young people Investors: Horizons Ventures, Index Ventures + 10 more Last round: USD 10M, Series A, Jun 2014 |
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Disclosed
USD 10M 2017 , Cleveland (United States) Mobile application for anonymous fund transfer Investors: Draper Triangle, Jumpstart + 5 more Last round: USD 10M, Series A, Dec 2017 |
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Disclosed
USD 10M 2014 , Bangalore (India) Bank sponsored wallet Investors: Khosla Labs, IDFC Last round: USD 164K, Series A, Oct 2018 |
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Disclosed
USD 10M 2015 , Mumbai (India) Mobile Payments platform for retailers Investors: FMO, Accion + 11 more Last round: USD 7M, Series A, May 2019 |
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Disclosed
USD 9M 2015 , Bangalore (India) AI-based automated order taking app for concierge services Investors: EMVC, Ratan Tata + 26 more Last round: USD 3M, Series A, Nov 2019 |
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Disclosed
USD 8M 2013 , Hyderabad (India) POS and mPOS solutions Investors: True Global Ventures, Yadu + 50 more Last round: USD 2M, Series A, Nov 2017 |
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Disclosed
USD 8M 2018 , Lekki (Nigeria) App-based mobile wallet provider Investors: Partech Partners, Michael Seibel + 7 more Last round: USD 6M, Series A, Mar 2019 |
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Disclosed
USD 6M 2015 , Bangalore (India) Payment gateway Investors: Smile Gate Investment, Y Combinator + 5 more Last round: USD 6M, Series A, Apr 2019 |
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Disclosed
USD 6M 2015 , San Diego (United States) Mobile payment and reward points application Investors: Everplus Capital, Longboard Capital + 5 more Last round: USD 3M, Seed, Mar 2019 |
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Disclosed
USD 6M 2015 , Lahore (Pakistan) Mobile wallet provider Investors: Vostok Emerging Finance, Quona Capital + 3 more Last round: USD 3M, Series A, Nov 2019 |
The Emerging Startup Series comprises of Unicorns - companies with over $1 billion valuation, Soonicorns - companies with high valuation and good chances of soon becoming Unicorns, and Minicorns - early-stage companies that have the potential to be Unicorns in the long term.
Tracxn Emerging Startups provides a handpicked selection of high growth and high potential companies, founded since 2013, that are making an impact in the new-age sectors. The shortlisting is based on a combination of multiple publicly available signals and detailed analysis of the company by our internal sector specialist teams. The companies that make the cut are the ones that show promising performance on multiple parameters - market size, investment by marquee investors, execution excellence and future growth prospects.
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