The accelerated digitalization of financial services, as well as the shift to online services, has benefited fintech startups over the last few years.
The COVID-19 pandemic helped speed up these trends as consumers turned to digital financial services in lieu of face-to-face interactions. Governments and central banks played a part by pumping cash into the global economy that supported consumer spending and kept businesses afloat.
Digital payments, one of the earliest financial segments to go digital, has continued to see rapid disruption during this period. Checkout platforms have benefited from demand for online and contactless transactions, remote working has driven a need for payroll software providers, and corporate credit card providers like Ramp and Brex have reportedly seen revenues surge.
The market map below outlines the global fintech VC ecosystem. Explore the payments segment by clicking on the green tile.
This article originally appeared on PitchBook News
Market Map: Fintech payment startups hold their own in uncertain times
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