Year
2020 fintech market intelligence
126 events from 2020, sourced and curated by Windsor Drake.
126 Events
$53B Disclosed value
7 Event types
Windsor Drake tracks 126 sourced fintech market events in 2020 from 2020, each with a cited source. Across the 55 with disclosed values, total disclosed value is $53B, with a median of $75M. The largest disclosed deal is PNC / BBVA USA 2020 at $12B. The most active acquirers are LendingClub (2), IBM (2). Activity was heaviest in 2020, with 126 tracked events.
Frequently asked questions
How many fintech events in 2020 does Windsor Drake track?
Windsor Drake tracks 126 sourced fintech market events in 2020 from 2020, each backed by a cited source.
What is the typical deal size in 2020?
Across 55 events in 2020 with disclosed values, the median is $75M and total disclosed value is $53B.
What is the largest 2020 deal tracked?
PNC / BBVA USA 2020, at $12B.
Who are the most active acquirers in 2020?
LendingClub (2 deals), IBM (2 deals).
By event type
Transaction (40)Funding Round (35)Strategic Partnership (24)Regulatory (13)Product Launch (10)Buyer Thesis (3)Customer Win (1)
Events
| Primary | Event type | Counterparty | Value | Sub-sector | Date |
|---|---|---|---|---|---|
| Radius Bank | Transaction | LendingClub | $185M | Neobank | December 31, 2020 |
| Paymate | Product Launch | B2B Payments | December 31, 2020 | ||
| Finja | Funding Round | ICU Ventures, BeeNext, Vostok Emerging Finance, Quona Capital, Gray MacKenzie Engineering Services | $9M | Lending Tech (Consumer) | December 30, 2020 |
| Payactiv | Regulatory | Consumer Financial Protection Bureau | Payments | December 30, 2020 | |
| Ant Group | Regulatory | People's Bank of China | Payments | December 30, 2020 | |
| BankMobile | Transaction | BM Technologies Inc. | Neobank | December 29, 2020 | |
| Vauld | Funding Round | Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos Capital, LuneX Ventures, Robert Leshner, Tarun Chaitra, CoinShares, Better Capital, New Form Capital, Jesus Rodrigues | $2M | Crypto / Digital Assets | December 29, 2020 |
| GMO Internet | Regulatory | New York Department of Financial Services | Crypto / Stablecoin | December 29, 2020 | |
| InvestSuite | Funding Round | PMV, AB Accelerator, 365.fintech | $3M | Wealthtech | December 28, 2020 |
| 21 Grams | Transaction | Unifiedpost Group | B2B Payments | December 23, 2020 | |
| Bank of Ireland non-branch ATM fleet | Transaction | Euronet Worldwide | Payments | December 23, 2020 | |
| Unifiedpost Group | Buyer Thesis | B2B Payments | December 23, 2020 | ||
| Tide | Funding Round | $80M | Lending Tech (SMB) | December 23, 2020 | |
| Ripple | Regulatory | Securities and Exchange Commission | Crypto / Digital Assets | December 23, 2020 | |
| Pine Labs | Funding Round | Lone Pine Capital | $88M | BNPL | December 22, 2020 |
| NextCar Holding Company Inc. | Strategic Partnership | Westlake Financial | $400M | Insurtech | December 22, 2020 |
| Liberis | Funding Round | British Business Investments, Paragon Bank, BCI Europe, Silicon Valley Bank | $88M | Embedded Finance | December 22, 2020 |
| battleface | Funding Round | Drive Capital | $12M | Insurtech | December 21, 2020 |
| PagoFX | Product Launch | Payments | December 21, 2020 | ||
| Ripple | Regulatory | U.S. Securities and Exchange Commission | Crypto / Digital Assets | December 21, 2020 | |
| Creditas | Funding Round | LGT Lightstone, Tarsadia Capital, Wellington Management, e.ventures, Sunley House Capital, SoftBank Vision Fund 1, SoftBank Latin America DFund, VEF, Kaszek, Amadeus Capital Partners | $255M | Lending | December 19, 2020 |
| GoCardless | Buyer Thesis | Bain Capital Ventures | $95M | Financial Data / Open Banking | December 18, 2020 |
| Lydia | Funding Round | Accel | $86M | Payments | December 18, 2020 |
| Niya | Transaction | Wahed Invest | Wealthtech | December 17, 2020 | |
| Expertus | Transaction | IBM | Treasury / Cash Management | December 17, 2020 | |
| Brighte | Funding Round | Grok Ventures, AirTree Ventures, Qualgro, Skip Capital | $100M | BNPL | December 17, 2020 |
| Zilch | Funding Round | Gauss Ventures, Simon Nixon | $30M | BNPL | December 16, 2020 |
| Northern Trust | Product Launch | Standard Chartered Bank | Crypto / Digital Assets | December 16, 2020 | |
| Expertus Technologies | Transaction | IBM | Payments | December 15, 2020 | |
| Provide | Funding Round | Fifth Third Bancorp | $34M | Lending | December 15, 2020 |
| AsiaPay | Strategic Partnership | Azupay | Payments | December 15, 2020 | |
| Arya | Funding Round | Quona Capital | $21M | Embedded Finance | December 14, 2020 |
| Lunar | Funding Round | $44M | Neobank | December 14, 2020 | |
| Eurobits | Transaction | Tink | Financial Data / Open Banking | December 11, 2020 | |
| Juniper Labs | Transaction | Next Insurance | Insurtech | December 11, 2020 | |
| Standard Chartered | Regulatory | Northern Trust | Crypto / Digital Assets | December 11, 2020 | |
| Crowd Data Systems | Funding Round | RLC Ventures, Ascension Ventures, Force Over Mass Capital | $635,000 | Treasury / Cash Management | December 11, 2020 |
| Modularbank | Funding Round | Karma Ventures, Blackfin Capital Partners, Plug and Play Ventures, Siena Capital | $5M | Embedded Finance | December 11, 2020 |
| Monetary Authority of Singapore | Regulatory | Grab, Ant Group, Razer | Neobank | December 11, 2020 | |
| Landbay | Funding Round | Seedrs | Mortgage Tech | December 10, 2020 | |
| Standard Chartered | Strategic Partnership | Northern Trust | Crypto / Digital Assets | December 9, 2020 | |
| Zodia Custody | Regulatory | UK Financial Conduct Authority | Crypto / Digital Assets | December 9, 2020 | |
| Bitso | Funding Round | QED Investors, Kaszek Ventures | $62M | Crypto / Digital Assets | December 9, 2020 |
| TransferGo | Strategic Partnership | Mastercard | Payments | December 7, 2020 | |
| Stripe | Product Launch | Evolve Bank, Goldman Sachs, Citibank, Barclays, Shopify | Embedded Finance | December 6, 2020 | |
| PayBright | Transaction | Affirm | $264M | Lending | December 3, 2020 |
| Circle | Strategic Partnership | Visa | Crypto / Digital Assets | December 3, 2020 | |
| Fisdom | Funding Round | PayU | $7M | Wealthtech | December 3, 2020 |
| Razorpay | Strategic Partnership | PayPal | Embedded Finance | December 2, 2020 | |
| Flagstar Bank | Strategic Partnership | Home Lending Pal, Stavvy, RealKey | Mortgage Tech | December 2, 2020 | |
| Diem Association | Regulatory | Swiss Financial Market Supervisory Authority (FINMA) | Crypto / Stablecoin | December 1, 2020 | |
| Raisin | Strategic Partnership | Banca Sella | Financial Data / Open Banking | December 1, 2020 | |
| Diem Association | Strategic Partnership | Crypto / Stablecoin | December 1, 2020 | ||
| Fattmerchant | Funding Round | Greater Sum Ventures | Vertical SaaS Payments | December 1, 2020 | |
| Alt 5 Sigma Inc. | Strategic Partnership | CanETH | Crypto / Digital Assets | November 30, 2020 | |
| Flexigroup | Strategic Partnership | Mastercard | BNPL | November 30, 2020 | |
| Alterna Bank | Strategic Partnership | Thinking Capital | Lending Tech (SMB) | November 27, 2020 | |
| Smart Card Marketing Systems Inc. | Strategic Partnership | Quotientica Pvt Ltd. | Identity / Fraud | November 27, 2020 | |
| HMBradley | Funding Round | Acrew Capital | $18M | Neobank | November 25, 2020 |
| Homewise | Strategic Partnership | Fintel Connect | Mortgage Tech | November 25, 2020 | |
| OakNorth | Transaction | Sumitomo Mitsui Bank | $30M | Lending Tech (SMB) | November 24, 2020 |
| Metromile | Transaction | INSU Acquisition Corp. II | Insurtech | November 24, 2020 | |
| SANAD Fund for MSME / Entrepreneurship Academy | Strategic Partnership | IMPACT Lab, MEST | Insurtech | November 24, 2020 | |
| Aperio Group | Transaction | BlackRock | $1.1B | Wealthtech | November 23, 2020 |
| Xcapit | Funding Round | $450,000 | Crypto / Digital Assets | November 22, 2020 | |
| Visa | Strategic Partnership | Multiple fintech partners including Airwallex, Checkbook.io, Payhawk, paynas, and processing/enablement partners | B2B Payments | November 22, 2020 | |
| Turtlemint | Funding Round | GGV Capital | $30M | Insurtech | November 21, 2020 |
| Carta Worldwide | Transaction | Mogo | $19M | Payments | November 20, 2020 |
| Visa | Strategic Partnership | B2B Payments | November 20, 2020 | ||
| Verafin | Transaction | Nasdaq | $2.8B | Regtech | November 19, 2020 |
| Rocket Mortgage | Strategic Partnership | Amrock | Mortgage Tech | November 19, 2020 | |
| Fidor Solutions | Transaction | Sopra Steria | BaaS | November 18, 2020 | |
| ShopeePay Taiwan | Regulatory | Financial Supervisory Commission | Payments | November 18, 2020 | |
| Bdeo | Funding Round | BlackFin | $6M | Insurtech | November 18, 2020 |
| BBVA USA | Transaction | PNC Financial Services Group | $12B | Neobank | November 16, 2020 |
| FINOS | Product Launch | Deutsche Bank, JPMorgan, ING, Alliance for Innovative Regulation | Regtech / KYC / AML | November 13, 2020 | |
| NetDania | Transaction | United Fintech | Capital Markets Tech | November 12, 2020 | |
| Railsbank | Funding Round | MiddleGame Ventures, Ventura Capital, Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan, Firestartr | $37M | Embedded Finance | November 12, 2020 |
| Payer Financial Services | Product Launch | B2B Payments | November 9, 2020 | ||
| Fedo | Funding Round | Unicorn India Ventures | $1M | Insurtech | November 7, 2020 |
| PayMongo | Strategic Partnership | Vesta | Identity / Fraud | November 4, 2020 | |
| NextSeed | Transaction | Republic | Wealthtech | November 1, 2020 | |
| Klarna | Funding Round | Silver Lake | $650M | BNPL | October 31, 2020 |
| Clarity AI | Funding Round | Deutsche Börse AG | $15M | Capital Markets Tech | October 30, 2020 |
| Tomo Networks | Funding Round | Ribbit Capital, NFX, Zigg Capital | $40M | Mortgage Tech | October 28, 2020 |
| Finmo Financial Technologies | Transaction | Lendesk | Mortgage Tech | October 27, 2020 | |
| Finmo Financial Technologies | Transaction | Lendesk Technologies | Mortgage Tech | October 27, 2020 | |
| JPMorgan | Buyer Thesis | BlackRock | Wealthtech | October 22, 2020 | |
| Central 1 | Strategic Partnership | thirdstream | BaaS | October 21, 2020 | |
| thirdstream | Strategic Partnership | Central 1 | BaaS | October 21, 2020 | |
| LoanSnap | Funding Round | Avanta Ventures | $5M | Lending | October 21, 2020 |
| Billtrust | Transaction | South Mountain Merger Corporation | $1.5B | B2B Payments | October 19, 2020 |
| Cover Genius | Funding Round | King River Capital | $9M | Insurtech | October 16, 2020 |
| Paystack | Transaction | Stripe | $200M | Payments | October 15, 2020 |
| PayPal Holdings Inc | Product Launch | BNPL | October 14, 2020 | ||
| Rocket Companies | Product Launch | Mortgage Tech | October 13, 2020 | ||
| Razorpay | Funding Round | GIC, Sequoia Capital India, Ribbit Capital, Tiger Global, Y Combinator, Matrix Partners | $100M | BaaS | October 12, 2020 |
| Central Bank of Egypt | Regulatory | Financial Data / Open Banking | October 11, 2020 | ||
| Eaton Vance | Transaction | Morgan Stanley | $7.0B | Wealthtech | October 8, 2020 |
| IntegraPay | Transaction | Payrix | Embedded Finance | October 7, 2020 | |
| Avaloq | Transaction | NEC Corporation | $2.2B | Financial Data / Open Banking | October 6, 2020 |
| MSTS | Transaction | Corsair Capital | B2B Payments | October 5, 2020 | |
| AppTech Corp. | Strategic Partnership | NEC Payments B.S.C(c) | BaaS | October 5, 2020 | |
| Monese | Strategic Partnership | Thought Machine | BaaS | October 5, 2020 | |
| Silent Eight | Funding Round | $15M | Regtech / KYC / AML | October 1, 2020 | |
| StackinSat | Product Launch | Crypto / Digital Assets | October 1, 2020 | ||
| Wemlo | Transaction | RE/MAX Holdings | Mortgage Tech | September 1, 2020 | |
| Vertafore | Transaction | Roper Technologies | $5.3B | Insurtech | August 12, 2020 |
| Ellie Mae | Transaction | Intercontinental Exchange | $11B | Capital Markets Tech | August 6, 2020 |
| Spinnaker Insurance Company | Transaction | Hippo Insurance | $40M | Insurtech | August 4, 2020 |
| BankMobile | Transaction | Megalith Financial Acquisition Corporation | BaaS | August 1, 2020 | |
| BCDC Bank | Transaction | Equity Group Holdings | $95M | BaaS | August 1, 2020 |
| Blend | Funding Round | Canapi Ventures | $75M | Mortgage Tech | August 1, 2020 |
| National General | Transaction | Allstate | $4.0B | Insurtech | July 7, 2020 |
| Personal Capital | Transaction | Empower Retirement | $1.0B | Wealthtech | June 29, 2020 |
| Finicity | Transaction | Mastercard | $825M | Regtech | June 23, 2020 |
| Bittrex Inc | Regulatory | Crypto / Digital Assets | June 3, 2020 | ||
| Tabby | Funding Round | Raed Ventures | $7M | BNPL | June 1, 2020 |
| Ziina | Product Launch | Payments | June 1, 2020 | ||
| Tabby | Customer Win | Al-Futtaim Group | BNPL | June 1, 2020 | |
| Connect Group | Transaction | Net 1 UEPS Technologies | Embedded Finance | May 30, 2020 | |
| Galileo Financial Technologies | Transaction | SoFi | $1.2B | BaaS | April 7, 2020 |
| Libra Association | Regulatory | Switzerland Financial Markets Supervisory Authority | Crypto / Stablecoin | April 1, 2020 | |
| Radius Bancorp | Transaction | LendingClub | $185M | Lending | February 18, 2020 |
| Bridge2 Solutions | Transaction | ICE | Crypto / Digital Assets | February 1, 2020 | |
| Elevat3 Capital | Strategic Partnership | Founders Fund | Insurtech | January 1, 2020 |