Press.

Sunbit Listed as Top Emerging Payments Startup by Tracxn

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January 28, 2020

The Payments sector has over 8K+ tech startups which participate in web based and also offline payment modes. Also includes companies which provide alternative modes of payment, companies which support the payment ecosystem in terms of security, analytics and platform.

Payments is also one of the active sectors for investors, with an overall funding of nearly USD 108 Bn in 2K+ companies. It is also interesting to note that nearly half of the funding has been raised in the recent 2 years (2018-2019).

Y Combinator, Plug and Play Tech Center, Village Capital, Sequoia Capital, Techstars are amongst the most active investors in this sector, by number of investments.

Consumer Payments (Wallets, Payment Cards), Business payment solutions (Online payment platforms, POS solutions), White label solutions are the top business models attracting major funding.

The sector has also seen the rise of over 16 unicorns – EquensWorldline, FraudMetrix, Marqeta just to name a few; We also have nearly 113 public companies – Tyro, Network International, i3 Verticals going public in the recent past.

We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.

In this edition, we have the ‘Top Payments startups’ – a curated list of the most promising startups leading the Payments ecosystem, from across the globe.

Read the full article at this link.

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