Payment Funding/ Investments Report

A report by GrowthPraxis: “$ 3,500 plus investment done in payment firms by VCs & strategic investors”

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Funding 1

Key findings of the report:

1. Venture capital funding in the payments sector went up globally in recent years. According to this study by GrowthPraxis the funding amounted to more than $1425 Mn in 110+ companies. The global volume of non-cash payments grew rapidly to reach $307 billion in the year 2012, encouraging investors

2. Strategic investors such as the Banks and retailers are highly interested in tapping this growth and embrace the innovation. Some of the largest funding deals came from Bank of New Zealand and Citi Ventures

3. Segments that received highest amount of funding were Mobile Card Readers, Mobile Wallet & Cash based Payment Platforms (like pay near me)

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Funding 2