With over $2.3B invested in the last 5 years, the Mobile Fintech sector is all the rage right now. Square, Monitise, Obopay, Revel System & iZettle have more than $1B in total funding. Activity in this sector is still high with 2015 having already witnessed seven $10M+ rounds and five acquisitions. This activity is likely to grow with of the increased usage of mobile payments and the further unbundling of bank services. VC firms have shown significant interest as well, with NEA, Sequoia Capital, Google Ventures, Andreessen Horowitz and SV Angel making multiple investments.
We have tracked 350+ startups in the Mobile Fintech space.
Interesting insights from the report:
- Of the 470+ startups, 250 were founded in 2013 and 2014.
- Last 1.5 years have seen $1.5B funding.
- mPOS and White label wallets companies have received $400M funding in the last one year.