About Banking Tech
There are 12.8K companies in the Banking Tech sector across the world, with 3.9K funded companies having collectively raised $140B in venture capital money and private equity. Overall 2.15K of these are Series A+ funded and the sector has seen the creation of 74 Unicorns.
Banking Tech sector has seen 1.07K acquisitions and 219 IPOs. This represents almost 10.1% of all such companies - which is higher than the 4.9% exit rate of tech companies in general.
This sector includes companies which provide Tech solutions primarily for banking industry including software, innovative hardware, and Tech-enabled services.
Banking Tech sector is also known as Bank Tech or BankTech.
Companies included in Banking Tech sector
Companies providing software solutions, innovative hardware solutions or tech-enabled services to banking institutions. Also, includes internet-first banksCompanies excluded in Banking Tech sector
Traditional banks, service providers to banks and traditional bank equipment providersMarket Map of Banking Tech
The market map of Banking Tech gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Top 3 trending business models in Banking Tech sector are Open Banking, Credit Assessment and Banking as a Service.
Reports related to Banking Tech
Here are some reports related to Banking Tech sector:
Free
Banking Tech - Sector Report
Edition: November, 2025 (92 Pages)
Premium
Banking Tech Investor Landscape
Edition: May, 2025 (12 Pages)
Premium
Banking Tech Exit Landscape
Edition: August, 2025 (15 Pages)
View all reports related to Banking Tech. Sign up today!Top Companies in Banking Tech
There are more than 12.8K companies in Banking Tech. Nubank is the top Banking Tech company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Banking Tech companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of digital banking services, including credit cards and accounts | Sao Paulo (Brazil) | 2013 | Public | $2.27B | |
Provider of payment and business banking solutions for enterprises | Bengaluru (India) | 2014 | Series F | $742M | |
Provider of financial software platform, cards, banking, expense, and accounting | Draper (United States) | 2017 | Acquired | $1.2B | |
Provider of digital banking services including accounts payments, savings and investments | London (United Kingdom) | 2015 | Series I | $1.81B | |
Provider of business accounts, payment solutions, and financial management tools | London (United Kingdom) | 2015 | Series C | $181M |
Companies founded year-on-year in the Banking Tech sector
7 new startups have been founded so far in 2026 in the Banking Tech sector. 969 Banking Tech startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 7 |
2025 | 238 |
2024 | 795 |
2023 | 577 |
2022 | 584 |
2021 | 709 |
2020 | 969 |
2019 | 934 |
2018 | 814 |
2017 | 714 |
Companies founded across countries in the Banking Tech sector
United States has 4,147 Banking Tech startups, the most by any country, followed by United Kingdom which has 1,340 startups and India which has 1,205.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 4,147 |
United Kingdom | 1,340 |
India | 1,205 |
Brazil | 361 |
Canada | 338 |
Germany | 333 |
Australia | 278 |
China | 264 |
France | 233 |
Nigeria | 204 |
Stage-wise distribution of the Banking Tech sector
Out of the total 12,777 Banking Tech companies, 3,905 have secured funding. Among them, 2,151 have reached Series A or higher, and 1,714 to Series B or beyond.
Founded - 12,777
Funded - 3,905
Series A+ - 2,151
Series B+ - 1,714
Series C+ - 1,494
Company Stage | No. of companies |
|---|---|
Founded | 12,777 |
Funded | 3,905 |
Series A+ | 2,151 |
Series B+ | 1,714 |
Series C+ | 1,494 |
Want to know more about Banking Tech ? Signup and explore Tracxn for free
- 12.8K+ Total Companies
- $140B+ Total Funding
- 3.9K+ Funded Companies
- 215+ IPOs
- 1.1K+ Acquisitions
- 105+ Reports
Funding Trends in the Banking Tech sector
Total funding year-on-year in the Banking Tech sector
The Banking Tech sector saw a total funding of more than $114B in the last 10 years. The most amount of funding was in 2021 at more than $26.9B. There has been a total funding of $1.12B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.12B |
2025 | $7.99B |
2024 | $5.96B |
2023 | $11.3B |
2022 | $14.5B |
2021 | $26.9B |
2020 | $13.7B |
2019 | $11.9B |
2018 | $16.5B |
2017 | $4.29B |
Total funding across countries in the Banking Tech sector
In the last 10 years, Banking Tech startups in United States have recieved the highest funding among all countries - $46.2B. United Kingdom follows with $21.4B and India with $9.01B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $46.2B |
United Kingdom | $21.4B |
India | $9.01B |
Brazil | $5.81B |
Germany | $4.21B |
China | $3.55B |
France | $2.86B |
Australia | $2.54B |
Canada | $2.25B |
Singapore | $2.23B |
Total funding amount raised by stage in the Banking Tech sector
Over the last 10 years, the Banking Tech sector have seen $3.34B into Seed Stage funding rounds, $26B into Early Stage funding rounds and $50.6B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $50.6B |
Early Stage | $26B |
Debt | $23.5B |
Post IPO | $8B |
Seed Stage | $3.34B |
PE | $1.01B |
Grant | $732M |
ICO | $269M |
Recent Funding Rounds in Banking Tech
In the year 2026, till April 2026, Banking Tech companies have raised $997M in equity funding across 55 rounds.
In the same period last year (i.e. till April 2025), Banking Tech companies had raised $2.09B across 100 rounds.
So, 2026 has seen a 52.35% drop in funding in Banking Tech companies as compared to 2025.
Here are some recent, important funding rounds in Banking Tech:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1052 | Apr 01, 2026 | ||
Seed | 1692 | Apr 01, 2026 | and 2 more | |
Seed | 3522 | Mar 31, 2026 | and 3 more | |
Seed | 1808 | Mar 30, 2026 | ||
Series A | 6862 | Mar 27, 2026 |
Top Investors in Banking Tech
Y Combinator is the top investor in Banking Tech companies based on number of companies invested.
Here are some top investors in Banking Tech:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Sunnyvale (United States) | ||
Washington, DC (United States) |
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M&A activity in Banking Tech
In the year 2026, till April 2026, 24 acquisitions happened in Banking Tech sector. Last year, in 2025, a total of 107 acquisitions happened in Banking Tech sector.
Here are some recent, important acquisitions in Banking Tech:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 02, 2026 | ||
Business Acquisition | Mar 31, 2026 | ||
Business Acquisition | Mar 23, 2026 | ||
Business Acquisition | Mar 19, 2026 | ||
Business Acquisition | Mar 17, 2026 |
Acquisition trends in Banking Tech
Here are the acquisition trends in Banking Tech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 24 |
2025 | 107 |
2024 | 101 |
2023 | 81 |
2022 | 109 |
2021 | 147 |
2020 | 88 |
2019 | 78 |
2018 | 69 |
2017 | 71 |
IPOs in Banking Tech
In the year 2026, till March 2026, 2 IPOs happened in Banking Tech sector.
Here are some recent, important IPOs in Banking Tech:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 05, 2026 | Korea Exchange (KRX) | |
Feb 11, 2026 | New York Stock Exchange (NYSE) | |
Dec 17, 2025 | Indonesia Stock Exchange (IDX) | |
Nov 27, 2025 | Hong Kong Exchanges (HKG) | |
Oct 24, 2025 | Tokyo Stock Exchange (TYO) |
Colleges which produce the most Banking Tech companies
Companies founded by alumni from top colleges in the Banking Tech sector
Most number of Banking Tech startups have been founded by alumni from Stanford University, Harvard University and University of Pennsylvania.
College | No. of companies |
|---|---|
Stanford University | 111 |
Harvard University | 89 |
University of Pennsylvania | 75 |
Massachusetts Institute of Technology | 71 |
Harvard Business School | 63 |
INSEAD | 48 |
Columbia University | 42 |
University of Cambridge | 42 |
Carnegie Mellon University | 40 |
Tel Aviv University | 38 |
Total funding in companies founded by alumni from top colleges in the the Banking Tech sector
In the last 10 years, Stanford University graduates' Banking Tech companies have raised the most funding among top colleges. IE Business School alumni are second, and Harvard Business School alumni are third.
College | Total Funding |
|---|---|
Stanford University | $8.84B |
IE Business School | $7.06B |
Harvard Business School | $6.05B |
University of Pennsylvania | $4.93B |
Harvard University | $4.67B |
INSEAD | $4.32B |
University of Oxford | $3.62B |
University of California (Berkeley) | $3.6B |
The Wharton School | $3.57B |
Stanford Business School | $3.5B |
Top News in Banking Tech
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Anaplan Unveils AI-Driven Innovations to Advance Enterprise Decision-MakingAiThority•Mar 26, 2026•Anaplan
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Smartstream's Smart Agents Reduce Back-Office Investigation Time by 70%Business Wire•Mar 26, 2026•SmartStream
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Solifi Releases 2026 Global Leasing Report: $1.54T VolumeEquipment Finance Advisor•Mar 25, 2026•Solifi
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Transfeera aims to lead corporate payments with BRL 44 billion handledEconomia SC•Mar 24, 2026•Transfeera
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MeridianLink Unveils Evolved Brand Focused on “Lending Made Human”Business Wire•Mar 23, 2026•MeridianLink
