U.S. Fintech Funding on Pace to Beat Last Year

According to analysis by S&P U.S. fintech funding is on pace to beat last year’s performance, even with the pandemic wreaking havoc on the overall economy; S&P Global Market Intelligence estimates that funding for private US fintech companies in 2020 will top the levels seen in 2019, both in terms of value and volume; in the first 6 months of 2020, the amount raised was up 30.2 percent versus the prior-year period and volume was 14.2 percent higher; there was an initial pause in April but that did not last very long as both May and June showed the recovery in funding came right back; some of the top rounds of 2020 to date include: Stripe at $630mn, AvidXchange at $259mn and Varo Money at $241mn. Crowdfund Insider.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.