In big tech, Google is most active investor in fintech
- Big technology firms are investors in fintech firms strategic to their business.
- Google Ventures is the most active investor in the space as Google moves deeper into banking and payments.
Venture capital firms aren’t the only active investors in fintech. Behind the bigger investment rounds and the minting of new unicorns, big technology firms are playing an increasingly important role in ramping today’s top fintech firms.
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New research from CB Insights shows Google Ventures is the most active big tech investor in fintech. Since 2016, Google Ventures has made 45 investments in firms like Stripe and Oscar. Along with Andreessen Horowitz, General Catalyst, and Sequoia Capital, Google invested in Stripe’s $600 million round in April of 2020, for example. It also participated in digital health insurance firm Oscar’s $400 million round in 2016.
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Big tech will continue to target the payment and e-commerce space as they see this as an opportunity to disrupt and create a frictionless experience for consumers.