Financial Software Investment Quickly Growing
March 22, 2013
Money makes the world go round. From businesses trying to make more, families trying to save more and consumers looking for new ways to spend, money is an important issue for all. Financial Software helps by making spending, saving, investing and evaluating money an easier, more efficient process—and the industry is quickly growing. According to the PitchBook Platform, VC investors have dished out a total of $1.94 billion to U.S.-headquartered Financial Software companies since the beginning of 2008, and the amount invested in the space each year has been increasing. Led by Square’s $200 million deal, total capital invested in the Financial Software sector jumped to $632 million in 2012, nearly doubling 2010’s total of $319 million. Though investments in the space have had a slow start this year, there’s still plenty of time left in 2013 for activity to pick back up.
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