From point-of-sale solutions to money transfers, payments makes up one of the largest categories within the larger fin tech industry.

Payments startups have been seeing considerable momentum, and are on track for $3.8B in funding this year. From point-of-sale solutions to money transfers and mobile payments, these startups are changing how electronic payments are made, accepted, and processed.

We used CB Insights data to identify 109 private companies in payments and mapped them according to the nine main categories where they’re operating. The 109 payments startups included are addressing general payments needs as well as a range of payments market niches, including bitcoin-powered payments, mobile commerce, and specialized consumer-focused payment markets like child support or in-restaurant payments.

The Future of Fintech
A 123-page report covering VC funding trends for fintech and the developments in large categories such as wealth management, blockchain, remittance tech, and insurance tech.

Click on the image below to enlarge.

Infographic_109_12.17.2015_payments

The breakdown is as follows:

  • Online payment services: Startups including Stripe and WePay that help businesses move their payments-processing online and make it more available,  secure, and inexpensive.
  • Billing automation and streamlining: Zuora and Paymentus, among others, streamline invoicing and automate financial processes and billing.
  • Point-of-sale paymentsiZettleRevel Systems and  others offer point-of-sale products and services, including card readers, stands, and digital storefronts. These startups compete with now-public Square in some segments, although Square has put more of an emphasis on small business lending and financial services more recently.
  • Personal payment services: Companies like MobiKwik and Affirm focus on providing consumers with more convenient payment platforms. Some of these companies focus on particular consumer niches.
  • Bitcoin payments: Companies like Coinbase and BitPay that use digital currency to make payments faster and more secure.
  • E-commerce payments: Klarna and other startups focus on the e-commerce market with payments solutions geared to the challenges seen by online merchants. Klarna, for example, extends instant credit for online purchases to consumers without them having to provide payment details, easing the friction involved in completing an online transaction.
  • Connected card payments: Companies like Coin and Stratos are betting that all-in-one connected credit cards will be a key link in the payments value chain.
  • Money transfer services: TransferWise and Remitly provide digital solutions for sending money across borders quickly and cheaply.

See the full company list, below:

                    The Rise Of Payments
Company Select Investors Category
Adyen Felicis Ventures, Index Ventures, Iconiq Capital Online Payment/Processing Services
Stripe Sequoia Capital, General Catalyst Partners, Khosla Ventures Online Payment/Processing Services
Dwolla Union Square Ventures, Village Ventures Online Payment/Processing Services
2CheckOut Chicago Growth Partners, Trident Capital Online Payment/Processing Services
GoCardless Accel Partners, Passion Capital Online Payment/Processing Services
Paymill Sunstone Capital, Holtzbrinck Ventures Online Payment/Processing Services
Credorax  FTV Capital, Blumberg Capital Online Payment/Processing Services
YapStone  Accel Partners, Meritech Capital Partners Online Payment/Processing Services
YeePay TA Associates Online Payment/Processing Services
Omise  East Ventures Online Payment/Processing Services
Trustly Group Bridgepoint Online Payment/Processing Services
Cheddar Up Foundry Group, Foundry Accelerator Online Payment/Processing Services
Flywire Spark Capital, Maveron Online Payment/Processing Services
WePay August Capital, Highland Capital Partners Online Payment/Processing Services
Network Merchants Bregal Sagemount, Goldman Sachs, TPG Capital Online Payment/Processing Services
Citrus Payment Solutions Sequoia Capital India, Beenos Partners, econtext Asia Online Payment/Processing Services
Exchange Corporation 500 Startups, Arbor Ventures Online Payment/Processing Services
Zooz lool Ventures, Rhodium Online Payment/Processing Services
Mobeam yet2Ventures, Draper Athena Online Payment/Processing Services
Slimpay  Prime Ventures Online Payment/Processing Services
ToT Money Otkritie Online Payment/Processing Services
Quisk Monvia, Plug and Play Ventures Online Payment/Processing Services
Alpha Payments Cloud Undisclosed Angels Online Payment/Processing Services
Sequent Software Opus Capital, JADO Investments Online Payment/Processing Services
Razorpay Software Y Combinator, Matrix Partners India Online Payment/Processing Services
Affirm Lightspeed Venture Partners, Khosla Ventures Personal Payment Services
Mozido Wellington Management, TomorrowVentures Personal Payment Services
ItzCash Card Intel Capital, Matrix Partners India Personal Payment Services
One97 Communications Alibaba, Intel Capital, Sapphire Ventures Personal Payment Services
Fastacash Jungle Ventures, SPRING Seeds Capital Personal Payment Services
Openbucks Clearstone Venture Partners Personal Payment Services
YellowPepper LIV Capital, International Finance Corporation Personal Payment Services
SupportPay Draper Associates, T5 Capital Partners Personal Payment Services
Plastiq Flybridge Capital Partners, Accomplice Personal Payment Services
Obopay Redpoint Ventures, ONSET Ventures, Richmond Management Personal Payment Services
Ant Financial Services China Post Capital, National Social Security Fund Personal Payment Services
MobiKwik Sequoia Capital India Personal Payment Services
TabbedOut New Enterprise Associates, Trellis Partners Personal Payment Services
Yoyo Imperial Innovations, Firestartr Personal Payment Services
Number26 Earlybird Venture Capital, Redalpine Venture Partners Personal Payment Services
Flypay Entrée Capital, Time Out Group Personal Payment Services
TableSafe Swiftsure Capital, Soundboard Angel Fund Personal Payment Services
Rev Worldwide IA Capital Group, Omidyar Network Personal Payment Services
TransferWise IA Ventures, Andreeson Horowitz Money Transfer Services
Remitly TomorrowVentures, Bezos Expeditions, Trilogy Equity Partners, Founders Co-op Money Transfer Services
Azimo e.ventures, Greycroft Ventures Money Transfer Services
Currency Cloud Accomplice, Anthemis Group, Notion Capital Money Transfer Services
BitPesa Pantera Capital Money Transfer Services
Boom Financial RRE Ventures, Digicel Group Money Transfer Services
WorldRemit Accel Partners, Technology Crossover Ventures Money Transfer Services
Circle Internet Financial  Accel Partners, General Catalyst Partners Money Transfer Services
Viamericas International Finance Corporation Money Transfer Services
iZettle Creandum, Index Ventures Point of Sale Payments
Revel Systems DCM Ventures, Welsh Carson Anderson & Stowe Point of Sale Payments
Dream Payments Corp. Blue Sky Capital, Real Ventures, Rouge River Capital Point of Sale Payments
Flint Mobile Storm Ventures, True Ventures, Verizon Ventures Point of Sale Payments
Ezetap Mobile Solutions Social Capital, Berggruen Holdings Point of Sale Payments
PayClip Alta Ventures Mexico, ACCION Point of Sale Payments
Jusp Principia, Vertis SGR Point of Sale Payments
SimplyTapp Lightspeed Venture Partners, Verizon Ventures, Blue Sky Capital Point of Sale Payments
Payleven B Cinque, New Enterprise Associates, Rocket Internet Point of Sale Payments
Mobeewave SBT Venture Capital Point of Sale Payments
ShopKeep POS Tribeca Venture Partners, TTV Capital Point of Sale Payments
Payzer Grotech Ventures, Route 66 Ventures Point of Sale Payments
Apriva Canaan Partners, RRE Ventures Point of Sale Payments
Powa Technologies Bright Station Ventures, Wellington Management Point of Sale Payments
Lightspeed POS Accel Partners, iNovia Capital Point of Sale Payments
CardConnect FTV Capital Point of Sale Payments
SumUp Payments b-to-v Partners, Shortcut Ventures, Tengelmann Ventures, BBVA Ventures, American Express Ventures Point of Sale Payments
Mswipe Technologies Matrix Partners India, DSG Consumer Partners, Axis Bank Point of Sale Payments
Poynt Corp Google Ventures, Matrix Partners, Nyca Partners, Webb Investment Network Point of Sale Payments
Miura Systems Draper Espirit Point of Sale Payments
PayRange Google Ventures, Matrix Partners, Nyca Partners Point of Sale Payments
Lavu Aldrich Capital Partners Point of Sale Payments
Coiney Credit Saison, Innovation Network Corporation of Japan Point of Sale Payments
Payfirma Dundee Securities Point of Sale Payments
BitPay Founders Fund, Horizons Ventures Bitcoin Payments
Bitstamp Pantera Capital Bitcoin Payments
SnapCard Great Oaks Venture Capital, Blockchain Capital Bitcoin Payments
Coinify SEED Capital Bitcoin Payments
Bitnet Technologies Highland Capital Partners, Rakuten, Webb Investment Network, Stephens Investment Management, Commerce Ventures, Buchanan Capital Management Bitcoin Payments
Align Commerce Pantera Capital, Digital Currency Group Bitcoin Payments
Coin SoftTech VC Connected Card Payments
Stratos Toba Capital, Resonant Venture Partners Connected Card Payments
Swyp TiE Angels Connected Card Payments
Klarna Sequoia Capital, General Atlantic, Atomico Ecommerce Payments
Iyzico SpeedInvest, 212 Capital Partners Ecommerce Payments
2C2P GMO VenturePartners Ecommerce Payments
Splitit Simpel Management Ecommerce Payments
Zebit Correlation Ventures, Crosslink Capital, Leapfrog Ventures, Wildcat Venture Partners Ecommerce Payments
Zuora Benchmark Capital, Shasta Ventures, Marc Benioff Billing, Automation, Streamlining
MineralTree .406 Ventures, Fidelity Growth Partners India, First Data Billing, Automation, Streamlining
NVoicePay Mosaik Partners, Silicon Valley Bank, Women’s Venture Capital Fund Billing, Automation, Streamlining
Traxpay Earlybird Venture Capital Billing, Automation, Streamlining
Paymentus GrowthWorks, Relay Ventures, Accel-KKR Billing, Automation, Streamlining
PayVeris Axiom Venture Partners, Connecticut Innovations, David Dame, Ironwood Capital Billing, Automation, Streamlining
Transactis Metamorphic Ventures, StarVest Partners, Billing, Automation, Streamlining
PaySimple Susquehanna Growth Equity Billing, Automation, Streamlining
Fortumo Greycroft Partners, Intel Capital Billing, Automation, Streamlining
MyCheck Eli Elroy, Saban Capital Group, Stef Wertheimer, Yoav Harlap, Santander InnoVentures Billing, Automation, Streamlining
Danal Morgenthaler Ventures Billing, Automation, Streamlining
Vindicia  DCM Ventures, Symantec Billing, Automation, Streamlining
Aria Systems Hummer Winblad Venture Partners, Venrock Billing, Automation, Streamlining
Bill.com DCM Ventures, August Capital, Emergence Capital Partners Billing, Automation, Streamlining
Boku Khosla Ventures, Index Ventures, Benchmark Capital Billing, Automation, Streamlining
Judo Payments Route 66 Ventures Billing, Automation, Streamlining
Tipalti Wicklow Capital Billing, Automation, Streamlining
ivinci Health Inova Health System, Intermountain Healthcare, St. Luke’s Health System Billing, Automation, Streamlining
NumberMall SRI Capital Billing, Automation, Streamlining

 

Want more information on payments companies? Check out our venture capital database below.