This report and list were updated April 17, 2024.
The fintech market is adjusting to a new normal. After reaching a record high in 2021, VC investment in the space declined 44% year-over-year to $34.6 billion in 2023.
Despite the decline, there were still several notable deals last year: Payments leader Stripe raised $6.5 billion in growth funding at a lower valuation in March 2023, and buy-now, pay-later specialist Tabby raised $200 million in November.
While exits were more muted, key deals included Visa paying $1 billion for Pismo, a cloud payments processing and banking specialist, and Wex buying Payzer, which offers small-business software, for $250 million in October.
More recently, African auto financing provider Moove raised a $100 million Series B in March , and payments specialist DailyPay raised $175 million in January.
Amid a changing dealmaking environment, these are the 10 most active fintech VC investors since 2019, according to PitchBook data.
Methodology: Lists of most active investors are based on a tally of relevant deal types as defined by PitchBook. These deal types align with existing PitchBook report methodologies, which can be found here. This list is limited to VC investors and excludes angel groups, accelerators, incubators and growth investors, among other investor types.
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