Tracxn - Mobile Payments Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Mobile Payments - Jan 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 29, 2018.
Mobile Payments Feed Summary
4
Mobile Payments > Feed Summary
Applications that allow to make and (or) accept payment via mobile.
• Inclusions: Companies which enable money transfer
through mobile devices and wearables.
• Exclusions: If user can access through browser they
wouldn't be covered in the feed. Companies which
enable cross-border money transfer through mobile
devices won’t be captured in the feed. Companies
which allow storing, no transactions, of loyalty and
reward points in mobile devices are not included.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$8.2B
Funding
49
Mega
Companies
5741923
FundedCovered on
Tracxn
5
Unicorns
23
Soonicorns
36
Minicorns
35
IPO’d Cos
215
Late Stage Cos
60
21
Acquisitions
123
DeadPooled
101
Acquihired
Series A+ Cos
Mozido
(2008, Austin , $288M)
Square
(2009, San Francisco, Public)
Paytm
(2010, Noida, $2.2B)
Top Companies

236
277
314
180
37
2013 2014 2015 2016 2017
Y-o-Y # of Companies Founded
$430M
$1.1B
$1.6B
$651M
$2.4B
2013 2014 2015 2016 2017
$ Funding # Rounds
Investment Trend Summary
Summary of Funding Activity in Mobile Payments
5
$1.4B - Series F
Paytm (2010, Noida, $2.2B)
$48M - Series C
Toss (2011, Seoul, $77M)
$166M - Series D
Lightspeed POS (2005, Montreal, $292M)
$47M - Series D
iZettle (2010, Stockholm, $243M)
$101M - Series C
Toast (2011, Boston, $131M)
$43M - Series C
Passport (2010, Wilmington, $60M)
$60M - Series E
$41M - Series D
Mswipe (2009, Mumbai, $82M)
$50M - Series C
MobiKwik (2009, Gurgaon, $162M)
$40M - Series C
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
Mobile Payments > Feed Summary > Investment Trend Summary
Seed
Polytech Ecosystem Ventures (#3), Wavemaker Partners (#3),
Caerus Ventures (#2)
Series A/B Santander InnoVentures (#4), GMO Venture Partners (#3), GV (#3)
Series C+ Activant Capital (#1), Aeterna Capital (#1), Ascent Capital (#1)
Incubators 500 Startups (#10) Techstars (#5) Boost VC (#4)
Other Notable
Investors
Startupbootcamp (#12), Accion (#4), American Express (#4)
Debt Investors
Silicon Valley Bank (#4), InnoVen Capital (#3), Connecticut
Innovations (#2)
Most Active InvestorsRecent Investments
143 117 144 125 108
$2.8B
$2.8B
$1.4B
$403M
$135M
US
India
Europe
Canada
Australia
$ Funding

Summary of exit outlook in Mobile Payments
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Sequoia Capital 3
Square (2009, San Francisco, $490M)
FreeCharge (2010, Mumbai, $117M)
Khosla Ventures 2
Boku (2008, San Francisco, $91.3M)
Intel Capital 2
mFoundry (2003, Larkspur, $40.3M)
MasterCard 2
Mozido (2008, Austin, $288M)
New Enterprise
Associates
2
Braintree (2007, Chicago, $70M)
Jan 2018 Cayan Acq by TSYS for $1.05B
Jul 2017 CardConnect Acq by First Data for $750M
Apr 2017 Morpho Acq by Advent International for $2.4B
Aug 2015 Skrill Acq by Paysafe for $1.2B
Apr 2015 FreeCharge Acq by Snapdeal for $400M
Sep 2013 Braintree Acq by PayPal for $800M
Jul 2011 Popmoney Acq by Fiserv for $465M
Mobile Payments > Feed Summary > Exit Outlook Summary
PayPal 2 Braintree (Sep 2013, $800M), Paydiant (Apr 2015, $280M)
EBay 1 Zong (Jul 2011, $240M)
Advent
International
1 Morpho (Apr 2017, $2.4B)
Fidelity
Information
Services
1 mFoundry (Mar 2013, $165M)
First Data 1 CardConnect (Jul 2017, $750M)
Recent IPOs Top Acquisitions
Square Nov 2015
Mobile point of sale provider
IPO MCap: - Current MCap: $3B
NXT-ID Aug 2013
Mobile security solution provider.
IPO MCap: - Current MCap: -
Yelopay Jul 2013
Mobile wallet for offline payments.
IPO MCap: - Current MCap: $17.9M
Net Element Oct 2012
Mobile payments and transaction processin…
Boku Nov 2017
Mobile Payments through Carrier Billing.
IPO MCap: - Current MCap: $166M
Pushpay Dec 2016
Wallet for secure digital payments
Glance Technologies Sep 2016
Mobile payment app at restaurant.
ChimpChange Jun 2016
Money Payments app

January 2018Tracxn BlueBox – Mobile Payments
1920+ companies in the sector, 379 funded in last 5 years, $4.1B invested in last 2 Years
Most Active Investors: Startupbootcamp, 500 Startups, Sequoia Capital, Entree Capital, Accel Partners
–YOY Funding Trend (in $M)
TECHNOLOGY $369M
CARRIER BILLING
Boku (2009, San Francisco, $91M)
$215Mm-POS $2.7B WALLET $4.5B
Suite
Square (2009, San Francisco, $491M, IPO)
Hardware
WAY Systems (2002, Woburn, $35M, Acq.)
POS Software
Revel Systems (2010, San Francisco, $127M)
Card Scanning App
Jumio (2010, Palo Alto, $52M, Acq.)
Open
Momo (2013, Ho Chi Minh City, $34M)
Semi-Closed
Paytm (2010, Delhi, $2.2B)
P2P Money Transfer
Toss (2011, Seoul, $77M)
White Label
Security
Validity (2000, San Jose, $83M, Acq.)
Payment Enablers
AEVI International (2015, Paderborn, $45M)
NFC
SimplyTapp (2011, Austin, $10M)
Cash Withdrawal
SoCash (2015, Singapore, $925K)
Interoperability
Bibimoney (2016, Luton)
MULTI SOLUTIONS
Obopay (2005, Bangalore, $145M, Acq.)
$150M
Payment Gateway
2Checkout (2000, Columbus, $60M, Acq.)
Wearables
PayinTech (2013, Paris, $4M)
$197M$9.2M
Mobile Payments > Feed Summary > BlueBox
7
Cumulative funding in the marketFunding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com

Key Sub Sectors in Mobile Payments Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Wallet > Semi Closed >
App based Payment 432 $1.7B 37
mPoS >
Suite 262 $338M 46
mPoS >
PoS Software 186 $350M 28
Wallet >
White Label 82 $191M 15
Wallet >
P2P Money Transfer 120 $134M 15
Technology >
Payment Enablers 32 $75.9M 12
Wallet > Semi Closed > App based Payment
>
Dining Payments
110 $31.3M 11
Wallet > Open >
In-app Payment 41 $50.6M 10
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Wallet
Companies offering mobile wallets to make payments
via apps or contactless technology
1055 276 $4.5B
mPoS
Companies providing Point of Sale (PoS) for hand held
devices such as mobile or a tablet...
504 165 $2.7B
Technology
Companies that provide technologies to facilitate
payments via mobile devices and wearables
123 53 $369M
Carrier Billing
Companies offering payment services allowing users
to pay for the product via their phone...
76 29 $215M
Payment Gateway
Companies providing payment gateways primarily for
mobile payments and API plugins
83 24 $197M
Multi-Solutions
Companies providing mobile Point-of-Sale (m-PoS)
terminals and mobile wallet providers...
36 15 $150M
Wearables
Companies providing portable wearable devices for
payment at compatible point-of-sale...
36 9 $9.2M
Mobile Payments > Feed Summary > Summary of Key Markets

List of Notable Companies in Mobile Payments
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Mobile Payments > Feed Summary > Notable Companies in the Sector
Public
Square
(2009, San Francisco, $490M)*
Boku
(2008, San Francisco, $91.3M)
Inside Secure
(1995, Meyreuil, $181M)
JetPay
(2011, Carrollton, $18.3M)
ChimpChange
(2012, Los Angeles)
Yelopay
(2011, Seoul)
Mint
(2007, Gladesville)
Mobile Embrace
(2005, Sydney)
Glance Technologies
(2015, Vancouver)
Pushpay
(2011, Seattle, $22.6M)
Public
NXT-ID
(2011, Shelton, $9.2M)
Mobetize
(2012, Washington D.C., $2.6M)
New Media Insight
Group
(2013, Phoenix, $2.6M)
Net Element
(2004, Miami, $2M)
Bango
(1999, Cambridge)
Mitek
(1985, San Diego)
MoneyOnMobile
(2010, Mumbai)
LINK Mobility
(1993, Oslo)
VersaPay
(2006, Vancouver)
iSentric
(2004, Petaling Jaya)
Public
Calpian
(1999, Dallas)
Global Payments
(1967, Atlanta)
Ingenico
(1980, Paris)
ManagePay Systems
(2001, Subang Jaya)
Masterpass
(2013, Purchase)
mPay
(2007, Warsaw)
OTI
(1990, Rosh Pinna)
Peppermint Innovation
(2014, Perth)
Provision
(2000, Taipei)
Proxama
(2005, London)
Public
Qiwi
(2008, Nicosia)
Telupay
(2010, Makati)
United Mobile
Technology
(1989, Munich)
Wirecard
(1999, Aschheim)
Zamano
(2000, Dublin)
Acquired
Morpho
(1990, Issy-les-moulineaux)
Skrill
(2001, London)
Braintree
(2007, Chicago, $70M)
CardConnect
(2006, King Of Prussia, $50M)
Popmoney
(2010, Brookfield)
FreeCharge
(2010, Mumbai, $117M)
Paydiant
(2010, Wellesley, $34.6M)
Validity
(2000, San Jose, $82.6M)
Zong
(2000, Menlo Park, $15M)
mFoundry
(2003, Larkspur, $40.3M)

List of Notable Companies in Mobile Payments
Notable Companies in the Sector (2/2)
10
Mobile Payments > Feed Summary > Notable Companies in the Sector
Acquired
Citrus Pay
(2011, Mumbai, $32.5M)
goSwiff
(2010, Singapore)
Unicorns
Paytm
(2010, Noida, $2.2B)
Mozido
(2008, Austin, $288M)

List of Notable Companies by Market in Mobile Payments
Notable Companies by Market (1/7)
12
Mobile Payments > Feed Summary > Notable Companies by Market
Wallet
P2P Money Transfer
Toss (2011, Seoul, $76.9M)
P2P money transfer service provider.
Soonicorn. Stage: Series C
PayPal, Bessemer Venture Partners, Altos Ventures
Capital and 5 Other Investors
Zelle (2016, Phoenix)
P2P mobile money transfer app.
Soonicorn. Stage: Unfunded
ChimpChange (2012, Los Angeles)
Money Payments app
Stage: Public
Altor Capital
Popmoney (2010, Brookfield)
P2P Payment Service
Stage: Acquired
Semi Closed
Mobile wallet and payments bank
Unicorn. Stage: Series F
SoftBank Group, MediaTek, ICICI Bank and 16 Other
Investors
Mobile wallet, recharge and bill payments app
Soonicorn. Stage: Series D
Bajaj Finserv, NET1, Brand Capital and 7 Other
Investors
Prepaid wallet and bill payment app
Minicorn. Stage: Acquired
Sequoia Capital, Sofina, ruNet and 3 Other Investors
Citrus Pay (2011, Mumbai, $32.5M)
Payment gateway and mobile wallet
Soonicorn. Stage: Acquired
Ascent Capital, Sequoia Capital, Econtext Asia and 2
Other Investors
Semi Closed
Pushpay (2011, Seattle, $22.6M)
Editor's Pick. Stage: Public
Christopher
PhonePe (2015, Bangalore, $572k)
UPI based payment app
Soonicorn. Stage: Acqui-Hired
Flipkart, Suresh Kumar, Saurabh Singla
Skrill (2001, London)
Online money transfer and wallet provider
Unicorn. Stage: Acquired
Idinvest Partners, CVC Capital Partners
MoneyOnMobile (2010, Mumbai)
Mobile wallet, recharge, and payments
Minicorn. Stage: Public
YES BANK, Calpian
Calpian (1999, Dallas)
Electronic Payment Processing Business
Stage: Public

13
Wallet
Semi Closed
Glance Technologies (2015, Vancouver)
Stage: Public
Masterpass (2013, Purchase)
Mobile digital wallet for online and offline
payments.
Stage: Public
mPay (2007, Warsaw)
Mobile payment platform for online and offline
payments.
Stage: Public
Qiwi (2008, Nicosia)
Digital wallet provider for payments.
Stage: Public
Amereus
Yelopay (2011, Seoul)
Stage: Public
DSC Investment
White Label
Provides white label mobile wallet solutions.
Unicorn. Stage: Series B
MasterCard, Wellington Management, Brentwood
Associates and 4 Other Investors
Inside Secure (1995, Meyreuil, $181M)
Embedded security for IoT & payment solution
Soonicorn. Stage: Public
Gimv, Sofinnova Partners, Vertex Ventures and 15
Other Investors
LevelUp (2008, Boston, $103M)
Mobile wallet provider and white label service.
Soonicorn. Stage: Series E
CentroCredit Bank, JPMorgan Chase & Co., U.S.
Boston Capital and 9 Other Investors
Mobile banking and payments service provider.
Stage: Acquired
MasterCard, Intel Capital, Motorola and 7 Other
Investors
White Label
Paydiant (2010, Wellesley, $34.6M)
White label mobile payment solutions
North Bridge, General Catalyst Partners, Stage 1
Ventures and 3 Other Investors
New Media Insight Group (2013, Phoenix,
$2.6M)
Mobile payment and loyalty solution provider.
Stage: Public
iSentric (2004, Petaling Jaya)
White label mobile wallet solutions
Stage: Public
Peppermint Innovation (2014, Perth)
Proprietary Mobile Banking Technology provider
Stage: Public

14
mPoS
Suite
Unicorn. Stage: Public
Victory Park Capital, Colchis Capital, GIC and 24
Other Investors
Mobile Point of Sale solution provider.
AP4, Dawn Capital, European Investment Bank and
15 Other Investors
ShopKeep (2008, New York City, $97.2M)
PoS software provider for retailers
Activant Capital, Canaan Partners, TTV Capital and
6 Other Investors
Mswipe (2009, Mumbai, $82.4M)
Mobile-based POS payment solution provider
B Capital Group, DSG Consumer Partners, Matrix
Partners India and 13 Other Investors
Suite
Ezetap (2011, Bangalore, $51M)
Device for merchants to accept card and wallet
payments
Social Capital, Horizons Ventures, Berggruen
Holdings and 6 Other Investors
CardConnect (2006, King Of Prussia, $50M)
A provider of payment processing and technology
services
Stage: Acquired
FTV Capital
SumUp (2012, London, $44.8M)
Mobile point of sale service provider.
U-Start, BBVA Ventures, Groupon and 10 Other
Investors
Suite
Orderbird (2011, Berlin, $37.1M)
iPad PoS System for the hospitality industry.
Digital+ Partners, METRO, Concardis and 2 Other
Investors
Poynt (2013, Palo Alto, $33M)
Point of sale terminal with magstrip, QR code and
NFC reader
Soonicorn. Stage: Series B
Matrix Partners, Go Capital, Webb Investment
Network and 4 Other Investors
JetPay (2011, Carrollton, $18.3M)
Payment processor
Stage: Public
Flexpoint Ford
Net Element (2004, Miami, $2M)
Mobile payments and transaction processing
provider
Stage: Public
The RBL Group, Star Capital Management

15
mPoS
Suite
VersaPay (2006, Vancouver)
Cloud based B2B accounts receivable solution
provider
Stage: Public
Global Payments (1967, Atlanta)
Payment through Online , in cash and mobile
Stage: Public
Ingenico (1980, Paris)
Payment processor and acquirer, POS services
provider
Stage: Public
ManagePay Systems (2001, Subang Jaya)
Electronic payment solution provider.
Stage: Public
Mint (2007, Gladesville)
Payments processing solution provider
Stage: Public
Allectus Capital
PoS Software
SaaS based Retail Management Software and
eCommerce platform
Caisse de depot et placement du Quebec,
Investissement Quebec, Inovia Capital and 4 Other
Investors
PoS software provider for restaurant management.
Generation Investment Management, Lead Edge
Capital, Bessemer Venture Partners and 2 Other
Investors
iPad-based restaurant management solution
WCAS, ROTH Capital, Welsh Carson Anderson
Stowe and 4 Other Investors
PoS Software
Tyro (2003, Sydney, $103M)
Card payment acquiring systems for the SMEs.
Tiger Global Management, TDM Asset Management
VendHQ (2010, Auckland, $45.9M)
Cloud based Retail POS
Movac, Square Peg Capital, Jasmine and 15 Other
Investors

16
mPoS
Card Scanning App
Mitek (1985, San Diego)
Mobile Imaging based anti fraud & verification
Harland Clarke, Laurus Capital Management
Carrier Billing
Carrier Billing
Soonicorn. Stage: Public
Khosla Ventures, New Enterprise Associates, Index
Zong (2000, Menlo Park, $15M)
Carrier billing for Virtual goods
Stage: Acquired
Felix Capital, Matrix Partners, Newbury Ventures
and 1 Other Investors
Bango (1999, Cambridge)
Mobile Payment & Analytics
Cambridge Capital Group, Rockspring, Herald
Investment Management and 2 Other Investors
Mobile Embrace (2005, Sydney)
Carrier billing and digital marketing solutions
Stage: Public
Runtide Capital
Carrier Billing
Zamano (2000, Dublin)
Mobile Messaging and Payment Solution
Stage: Public

17
Payment Gateway
Payment Gateway
Online and mobile payment gateway
Stage: Acquired
New Enterprise Associates, Accel Partners, RRE
2Checkout (2000, Columbus, $60M)
Hosted and API payment gateway provider.
Trinity Capital Investment, Trident Capital, Chicago
Growth Partners and 1 Other Investors
Provision (2000, Taipei)
Payment, financial application, information
security, and outsourcing solution for merchants
Stage: Public
Multi-Solutions
Multi-Solutions
Mobetize (2012, Washington D.C., $2.6M)
Mobile Commerce solutions for Telecom and
Payment industry
Stage: Public
LINK Mobility (1993, Oslo)
Mobile payment solution provider to businesses.
Stage: Public
goSwiff (2010, Singapore)
Mobile payment platform provider
Stage: Acquired
True Global Ventures
Telupay (2010, Makati)
Mobile and Payment making platform provider.
Stage: Public
Wirecard (1999, Aschheim)
Payment processing and issuing product service
provider.
Stage: Public
Brockhaus Private Equity
Technology
Security
Validity (2000, San Jose, $82.6M)
Biometrics based authentication solution
TeleSoft Partners, Crosslink Capital, Panorama
Capital and 3 Other Investors
NXT-ID (2011, Shelton, $9.2M)
Stage: Public
WorldVentures, Connecticut Innovations
Morpho (1990, Issy-les-moulineaux)
Bio-metric verification solution provider for
financial services
OTI (1990, Rosh Pinna)
Contactless mobile payment hardware provider
Stage: Public

18
Technology
Payment Enablers
United Mobile Technology (1989, Munich)
Mobile SDK to enable payments and loyalty.
Stage: Public
German Ventures
NFC
Proxama (2005, London)
Mobile proximity commerce and payment solutions
Stage: Public
Elderstreet

List of Notable Companies in Mobile Payments in China
Notable Companies in the Sector in China
19
Mobile Payments > Feed Summary > Notable Companies in the Sector in China
Public
ACS
(1995, Hong Kong)
PAX Technology
Limited
(2000, Hong Kong)
Unicorns
Lakala
(2005, Beijing, $370M)
Soonicorns
TNG Wallet
(2013, Hong Kong, $115M)
QFPay
(2012, Beijing, $49.5M)

Recent News in Mobile Payments Sector
Recent News
20
Mobile Payments > Feed Summary > Recent News
Jan 2018
Flipkart-owned PhonePe looking at acquisitions that make strategic
sense, TheNewsMinute
Jan 2018
Paytm Senior VP for gaming Dushyant Saraswat quits, plans to start
own venture, Entrackr
Jan 2018
Fortumo Launches Bundling for VOD & TV Network Partnerships,
Business Wire
Jan 2018
Paytm: Another Top-level Exit At Paytm As Svp For Gaming Division
Quits, RetailBoard
Jan 2018
PayByPhone Launches at Southern Oregon University ,
GlobeNewswire
Jan 2018
eM Client Sees Improvements in eCommerce with 2Checkout,
GlobeNewswire
Jan 2018
Big 4 Accounting Firm Signs Agreement to use VersaPay's AR
Automation, CNW
Jan 2018
Paytm to touch $10b valuation after secondary share sale , Deal
Street Asia
Jan 2018
Tatts Group chief Robbie Cooke named new CEO of Tyro, Startup
Daily
Jan 2018
Boku Inc 2017 revenues exceed $24m – up 40% on 2016,
DirectorsTalk Interviews
Jan 2018 French firm eyes more opportunities in China, ecns.cn
Jan 2018 9mobile, Bango to launch payment solution, thenationonlineng.net
Jan 2018 Two SixThirty Startups Raise $25 Million In Funding, EQ
Key Recent News Key Recent News
Jan 2018
Glance Agrees to Licence Its Technology to Fobi Pay for $5 Million
Dollars, Euroinvestor
Jan 2018
StoreHippo ties-up with Paytm for providing easy way of payment
to the customers, ePRNews
Jan 2018 Redemption of 20% in Ingenico Holding Asia, GlobeNewswire
Jan 2018
Paytm launches business app on Android for its merchants,
Indiatimes
Jan 2018
Inside Secure Protects New Interactive Video Application
Developed by PodOp and HBO, Business Wire
Jan 2018 Puut A/S Announces Puut Wallet - Bitcoin Edition , PRWeb
Jan 2018
Israel-based 'Mobik' Partners With India Transact Services To
Empower MSMEs, BW Businessworld
Jan 2018
Wirecard Launches Processing Services in Ukraine with Kyivstar, PR
Newswire
Jan 2018
PAX set to grow in Nordics after successful Dankort certification,
GlobeNewswire
Jan 2018 Alipay presses on with US retail expansion plan , MobileWorldLive
Jan 2018 MobiKwik reports 16% jump in losses despite ePay boom, Indiatimes
Jan 2018 Launch of ParkMobile app in Bay Shore, Newsday
Jan 2018
WhatsApp inches closer to revenue plan with accounts for
businesses, Reuters

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
21
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$391M
$592M
$430M
$1.1B
$1.6B
$651M
$2.4B
0
20
40
60
80
100
120
140
160
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2011 2012 2013 2014 2015 2016 2017
$ Funding
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Mobile Payments; 2011-2017
Global Funding Trends (1/2)
23
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Mobile Payments > Investment Trends > Global Funding Trends
#Rounds
$Funding
35% $ Funding
30% $ Funding
7% # of Rounds
3% # of Rounds

36 65 92 62 69 66 37
24 36
42
43
49
41
48
10 10 9 12
26
18 23
2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
70
108
Total # of Rounds
$16M $41M $58M $50M $37M $42M $38M
$182M
$256M
$309M
$666M
$319M
$308M
$323M
$193M $295M $62M $367M $1.2B $301M $2.B
2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
$189M
$397M
$122M
$868M
$1.2B
$335M
$2.B
0
2
4
6
8
10
12
14
16
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
2011 2012 2013 2014 2015 2016 2017
$ Funding # of Rounds
24
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Mobile Payments; 2011-2017
Mobile Payments > Investment Trends > Global Funding Trends
42
65
69
48
58
59
36 377$2.8M
$2.6M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
0
50
100
150
200
250
300
350
400
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
4 8 3 12 14 10 14 $2.8M $1.7M $3.1M $2.6M $2.6M $2.3M $2.8M $2.6M
$391M
$2.4B
Total $ Invested

Mobile Payments > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Mobile Payments
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Delhi NCR 2.3B 25
Bay Area 1.3B 135
London 463M 58
Austin 371M 21
Montreal 297M 5
Mumbai 267M 37
Boston 263M 18
Stockholm 255M 14
Bangalore 215M 28
Meyreuil 181M 5
Total Funding
389
96
253
36
36
52
30
9
# Rounds
$2.8B
$2.8B
$1.4B
$403M
$135M
$112M
$79.4M
$79M
US
India
Europe
Canada
Australia
SEA
Latam
South Korea
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6
$0.8 $0.7
$1.0
$0.8 $0.8
$1.4
2011 2012 2013 2014 2015 2016 2017
$7.1 $6.0
$8.7 $10.1
$6.6 $5.0 $6.4
$18.0 $16.3
$7.5
$34.8
$10.7
$13.8
$10.8
$21.5
$42.1
$6.9
$45.8 $60.7
$20.1
$105.7
Mobile Payments > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Mobile Payments; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage

Note: 210 companies with undisclosed funding amount are not included
27
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
113
163
78
14
14
No. of Companies
Mobile Payments > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Mobile Payments; as of Jan 2018
Distribution of companies by Funding Range
$35M
$612M
$1.8B
$1.B
$4.7B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
30%
11%
5%
3%
28
Note: Numbers in the brackets show the count of companies
Time to raise
next round
60
104
215
574
1923
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
30% 3%
(65)
2%
(47)
6%
(110)
6%
(123)
58%
(1116)
37% 10%
(56)
7%
(39)
13%
(72)
7%
(38)
43%
(249)
48% 14%
(31)
7%
(14)
16%
(35)
5%
(10)
31%
(66)
58% 30%
(31)
13%
(14)
16%
(17)
4%
(4)
22%
(23)
- 45%
(27)
20%
(12)
18%
(11)
2%
(1)
15%
(9)
Mobile Payments > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Mobile Payments
Funding Funnel
14 Months
17 Months
18 Months
Investment backedBootstrapped
23
5
19
29
2
6
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Mobile Payments > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Mobile Payments; Jan 2016-Jan 2018
Notable Investments in last 24 months (1/5)
LATE STAGE
$1.4B - Series F May 2017
SoftBank Group
$166M - Series D Oct 2017
eCommerce platform
Investissement Quebec, Inovia Capital, Silicon Valley
Bank
$101M - Series C Jul 2017
Capital, Bessemer Venture Partners
$60M - Series E Aug 2016
MediaTek
LATE STAGE
$50M - Series C Apr 2016
MediaTek, Sequoia Capital, Tree Line Investment
Management, GMO Venture Partners, NET1, Cisco
Investments, Brand Capital
$48M - Series C Mar 2017
Toss (2011, Seoul, $76.9M)
PayPal, Bessemer Venture Partners, Altos Ventures
Capital, Partech Ventures, Goodwater Capital
$47M - Series D Dec 2017
AP4, Dawn Capital
$43M - Series C Dec 2017
Cloud-based mobile payment platforms for parking
and transit
Bain Capital Ventures, Relevance Capital, MK Capital,
Grotech Ventures
LATE STAGE
Matrix Partners India, Falcon Capital, DSG Consumer
Partners, Meru Kapital, Ola, Ratan Tata, B Capital
Group, Eduardo Saverin
$40M - Series C Aug 2016
NET1, Brand Capital, Cisco Investments, American
Express, GMO Venture Partners
$37M - Series E May 2017
JPMorgan Chase & Co., U.S. Boston Capital
$35.2M - Series D Aug 2017
Bajaj Finserv

LATE STAGE
$34.1M - PE May 2016
AEVI International (2015, Paderborn, $45M)
White label payment platform.
HPE Growth Capital
$22.8M - Series C May 2016
Digital+ Partners, METRO, Concardis
$16M - Series C Aug 2017
payments
Social Capital, Horizons Ventures
$15.8M - Series D Jan 2017
Intel Capital, Index Ventures, MasterCard, American
Express
LATE STAGE
$15M - Series C Apr 2016
Transerv (2011, Mumbai, $19.3M)
Digital payments solution provider
Nirvana Ventures Advisors, Faering Capital,
Micromax Informatics, IDFC Mutual Fund
$13.8M - Series E Sep 2016
Khosla Ventures, New Enterprise Associates, Index
Ventures, Benchmark Capital, DAG Ventures
$10M - Series D Sep 2016
JPMorgan Chase & Co.
B Capital Group, DSG Consumer Partners
LATE STAGE
Movac, Square Peg Capital, Jasmine, Aspiring Asset
Management
$5M - Series D Mar 2016
$500k - Series E Aug 2017
Series D Jun 2016
Ernströmgruppen AB
Series D Dec 2016
Punakaiki Fund

LATE STAGE
Series D Jun 2017
U-Start
Series C Feb 2017
WCAS
EARLY STAGE
$35M - Series A Sep 2017
Pineapple Payments (2016, Pittsburgh, $35M)
Payment gateway and point of sale solution provider
Providence Equity Partners
$28.2M - Series A Jun 2017
Plynk (2015, Dublin, $29M)
Money messenger app
$28M - Series B Mar 2016
Momo (2013, Ho Chi Minh City, $33.8M)
Mobile first payment service provider
Standard Chartered, Goldman Sachs
$24.8M - Series B Dec 2017
Quisk (2007, Sunnyvale, $31.6M)
Platform to digitize cash and enable digital only bank
accounts
$24.4M - Series B Dec 2016
Clip (2012, Mexico City, $47.7M)
mPoS solution provider
EARLY STAGE
$23.7M - Series B Sep 2016
Toss (2011, Seoul, $76.9M)
Goodwater Capital, Altos Ventures Capital,
Qualcomm Ventures, KTB Network
$22.5M - Series B Aug 2016
Velocity (2014, London, $38.8M)
Payment app for consumers at Restaurants
Satispay (2013, Milan, $33M)
Independent payment network
Iccrea Banca, Banca Popolare Etica, Banca Sella
Holding, Shark Bites
$20.5M - Series B May 2017
Verse (2015, Barcelona, $30.6M)
Mobile application to share payments with friends
Spark Capital, eVentures, Greycroft Partners
$17.1M - Series B Jul 2017
Gastrofix (2011, Berlin, $29.7M)
Mobile point of sale software provider.
Radeberger Gruppe, Endeit Capital

EARLY STAGE
$15.3M - Series B Jun 2017
Yoyowallet (2013, London, $31.5M)
QR code based mobile payment service provider &
consumer behavior analysis
METRO, Woodford Investment Management,
Touchstone Innovations
$9M - Series A Jun 2016
Tapp Commerce (2013, Turku, $12.9M)
Prepaid mobile wallet for online and offline
payments.
AMMA Private Equity
$8.6M - Series B Feb 2017
Radeberger Gruppe
$8M - Series B May 2016
Cloud-based mobile payment platforms for parking
and transit
MK Capital, Grotech Ventures, Relevance Capital
EARLY STAGE
$5.8M - Series A Feb 2016
JusPay (2012, Bangalore, $6.1M)
Digital payments gateway for eCommerce merchants
Accel Partners
$5.1M - Series A Jun 2017
Aimbrain (2014, London, $5.6M)
Mobile behavioural biometric security layer for
payment services.
Entrepreneur First, Simon Rozas, Episode 1
Ventures, Business Growth Fund
$5M - Series A May 2017
Coins.ph (2013, Manila, $10M)
Bitcoin wallet for transactions in Philippines
Naspers
$5M - Series A Oct 2016
Accion, Innovation Endeavors, Pantera Capital,
Digital Currency Group, Wavemaker Partners,
Global Brain, Beenext, Rebright Partners, Kickstart
Ventures, IdeaSpace Foundation
EARLY STAGE
$5M - Series A May 2017
Soft Space (2012, Petaling Jaya, $5M)
Centralise EMV processing
Transcosmos
Payzer (2014, Charlotte, $8.5M)
Payment solution provider for businesses
Route 66 Ventures, Grotech Ventures, IDEA Fund
Partners
$2M - Series A Aug 2017
PayIt (2013, Kansas City, $6.5M)
Mobile based payment platform for government
agencies
$2M - Series A Aug 2016
Codapay (2012, Singapore, $5.2M)
Alternative payments in Southeast Asia
GMO Venture Partners, Golden Gate Ventures, Toivo
Annus, Spiral Ventures

EARLY STAGE
$996k - Series A Sep 2016
Novopay (2014, Bangalore, $8.8M)
Bank sponsored wallet
Khosla Labs
$717k - Series A Mar 2016
Ensygnia (2012, London, $6.6M)
QR-Code based mobile payment solution.
Gate Ventures, SixThirty
SEED STAGE
$1.3M - Seed Sep 2017
ToneTag (2014, Bangalore, $2.3M)
Contactless payments using sound waves.
$795k - Seed Oct 2016
Plynk (2015, Dublin, $29M)
Money messenger app
Delta Partners, Enterprise Ireland, NDRC
$759k - Seed Jun 2016
ePaisa (2011, Mumbai, $759k)
POS Software & Payments Solution
$253k - Angel Jul 2016
$252k - Angel May 2016
Chillr (2014, Kochi, $8.3M)
P2P money transfer app
Angel Nov 2016
ToneTag (2014, Bangalore, $2.3M)
Contactless payments using sound waves.
Arun Seth, Anand Chandrasekaran, Deepak Ghaisas,
Mohandas Pai

Mobile Payments > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$29M - Series C Nov 2016
QFPay (2012, Beijing, $49.5M)
mPOS solution in China.
$4.1M - Series C Apr 2017
QFPay (2012, Beijing, $49.5M)
mPOS solution in China.
Shenzhen Quartet Creative Information Co., Ltd
EARLY STAGE
$152M - Series B Sep 2017
Qianbao (2015, Minhang, $152M)
mPOS solutions for accepting mobile payments
Banyan Capital
$115M - Series A Sep 2017
TNG Wallet (2013, Hong Kong, $115M)
Hong Kong-based mobile wallet
NewMargin Ventures

Most Active Investors (VC, PE) by Stage in Mobile Payments; Last 5 years (Jan 2013-Jan 2018)
Most Active VC & PE Investors
35
Mobile Payments > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Polytech Ecosystem Ventures (3
Investments)
Biowatch, SwissPay.ch, OneVisage
1
Wavemaker Partners (3 Investments)
Ribbon, Moka, Media Loyal
2
Caerus Ventures(2 Investments)
Dash, Dash Software
3
Civeta(2 Investments)
Boletus, GasPay
4
Delta Partners (2 Investments)
Plynk, Cluey
5
IDG Ventures India (2 Investments)
Momoe, Trupay
6
Kae Capital(2 Investments)
Trupay, QubeCell
7
Microsoft Ventures(2 Investments)
Tiller Systems, Cringle
8
Qualcomm Ventures (2 Investments)
Zoop, MyPoolin
9
24 Haymarket
Intelligent PoS
10
EARLY STAGE
Santander InnoVentures(4 Investments)
iZettle, Paykey, MyCheck
1
GMO Venture Partners(3 Investments)
Appota, Codapay, MatchMove Wallet
2
GV (3 Investments)
Toast, Poynt, PayRange
3
Spark Capital(3 Investments)
Velocity, Verse, Cover
4
Beenos(2 Investments)
Citrus Pay, Nearex
5
CommerzVentures(2 Investments)
Paykey, OmnyPay
6
Dentsu Innovation Partners (2
Investments)
Coiney, Kyash
7
Entree Capital (2 Investments)
Gastrofix, mCash
8
Greycroft Partners (2 Investments)
Fortumo, Verse
9
Grotech Ventures(2 Investments)
Passport, Payzer
10
LATE STAGE
Activant Capital
ShopKeep
1
Aeterna Capital
TabbedOut
2
Ascent Capital
Citrus Pay
3
Bain Capital Ventures
Passport
4
B Capital Group
Mswipe
5
Bessemer Venture Partners
Toss
6
Caisse de depot et placement du
Quebec
Lightspeed POS
7
Centana Growth Partners
Jumio
8
Dawn Capital
iZettle
9
Difference Capital Financial
Carta Worldwide
10

Mobile Payments > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Mobile Payments; Last 5 years (Jan 2013-Jan 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(10 Investments)
Clip, Erply Retail POS, DeepPocket
1
Techstars(5 Investments)
DaoPay, Prism, PayMins
2
Boost VC(4 Investments)
Verse, Gliph, CoinJar
3
Y Combinator(4 Investments)
Payfazz, Meter Feeder, Xendit
4
Life.SREDA(3 Investments)
SumUp, Settle, SoftPay Mobile
5
Barclays Accelerator(2 Investments)
AgentCASH, Gust Pay
6
FF Venture Capital(2 Investments)
Cardflight, Skip
7
HIGHLINE(2 Investments)
Payso, Preo Mobile Ordering
8
Mandiri Capital Indonesia(2 Investments)
Moka, Cashlez
9
The FinLab(2 Investments)
Paykey, Aimazing
10
OTHER NOTABLE INVESTORS
Startupbootcamp(12 Investments)
Yes.Tap, WoraPay, Kashmi
1
Accion(4 Investments)
Clip, Codapay, Coins.ph
2
American Express(4 Investments)
MobiKwik, Clip, Ezetap
3
Wayra(4 Investments)
Shopwave, Saffe, Culqi
4
Goldman Sachs(3 Investments)
Square, Momo, nanoPay
5
Plug and Play Tech Center(3 Investments)
eThor, Cardflight, FitPay
6
Wellington Management(3 Investments)
Mozido, Powa, TabbedOut
7
Comerica(2 Investments)
Passport, FitPay
8
Crowdcube(2 Investments)
PepperHQ, Shopwave
9
Draper Associates(2 Investments)
Paga, Ribbon
10
DEBT INVESTORS
Silicon Valley Bank(4 Investments)
Square, Lightspeed POS, MagicCube
1
InnoVen Capital(3 Investments)
MobiKwik, FreeCharge, Chillr
2
Connecticut Innovations(2 Investments)
NXT-ID, Dream Payments
3
Advantage Capital
PayIt
4
British Business Bank
B-Secur
5
Pinnacle Ventures
Jumio
6
Trinity Capital Investment
2Checkout
7

Mobile Payments > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/4)

Mobile Payments > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
42
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Insurance Tech
Jan 2018
Remittance
Jan 2018
Consumer Finance
Dec 2017

January 2018Tracxn BlueBox – Mobile Payments
–YOY Funding Trend (in $M)
44
Mobile Payments > Market Details > BlueBox

Key Sub Sectors
45
Key Sub Sectors in Mobile Payments
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Wallet
Companies offering mobile wallets to make payments via apps or contactless technology
Inside Secure (1995, Meyreuil, Public)
1055 276 $4.5B
mPoS
Companies providing Point of Sale (PoS) for hand held devices such as mobile or a tablet
providing app and card reader
Square (2009, San Francisco, Public)
504 165 $2.7B
Technology
Companies that provide technologies to facilitate payments via mobile devices and wearables
Validity (2000, San Jose, Acquired)
AEVI International (2015, Paderborn,
$45M)
123 53 $369M
Carrier Billing
Companies offering payment services allowing users to pay for the product via their phone
bills
Boku (2008, San Francisco, Public)
Netsize (1998, Paris, $16.8M)
76 29 $215M
Payment Gateway
Companies providing payment gateways primarily for mobile payments and API plugins
Braintree (2007, Chicago, Acquired)
JudoPay (2012, London, $14.4M)
83 24 $197M
Multi-Solutions
Companies providing mobile Point-of-Sale (m-PoS) terminals and mobile wallet providers as
well as white label solutions
Obopay (2005, Bangalore, Acquired)
Now Innovations (2003, Amsterdam,
$1.7M)
36 15 $150M
Wearables
Companies providing portable wearable devices for payment at compatible point-of-sale
terminals
Sling (2013, Ramat Gan, Acquired)
PayinTech (2013, Paris, $3.8M)
36 9 $9.2M
Mobile Payments > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/3)
46
Mobile Payments > Market Details > Detailed Sector Taxonomy

47

48

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+1)
Wallet > Semi Closed > App based Payment
Companies enabling users to pay via the app, cloud based or web checkout
(Companies covered 432 | Funded 98 | Total Funding $2.8B)
$1.7B
(+$719M)
37
(-7)
Paytm
(2010, Noida, $2.2B)
2
(-1)
mPoS > Suite
Companies offering both mPoS terminals and mPoS card readers
$338M
(-$297M)
46
(-1)
iZettle
(2010, Stockholm, $243M)
3
(-)
mPoS > PoS Software
Companies providing card reading software for mobile Point-of-Sale devices
(Companies covered 186 | Funded 66 | Total Funding $900M)
$350M
(-$54.9M)
28
(-10)
Lightspeed POS
(2005, Montreal, $292M)
4
(-)
Wallet > White Label
Companies offering white label mobile wallet solutions
$191M
(-$159M)
15
(-2)
Passport
(2010, Wilmington, $60M)
5
(+1)
Wallet > P2P Money Transfer
Companies enabling customers to engage in peer-to-peer money transfer
$134M
(+$97.8M)
15
(-7)
Toss
(2011, Seoul, $76.9M)
6
(+1)
Technology > Payment Enablers
Companies which enable businesses to accept payment via SMS, email
$75.9M
(+$53.3M)
12
(+3)
AEVI International
(2015, Paderborn, $45M)
7
(-2)
Wallet > Semi Closed > App based Payment > Dining Payments
Companies offering wallets for payments at restaurants and bars
$31.3M
(-$37.1M)
11
(-13)
Velocity
(2014, London, $38.8M)
49
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Mobile Payments in last 2 years (January 2016 - December 2017)
Mobile Payments > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Mobile Payments > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
mPoS > PoS Software
Companies providing card reading software for mobile Point-of-Sale devices
(Companies created 186 | Funded 66 | Total Funding $900M )
1 Toast (2011, Boston, $131M)
2
Technology > Payment Enablers
Companies which enable businesses to accept payment via SMS, email
(Companies created 32 | Funded 11 | Total Funding $129M )
1 JusPay (2012, Bangalore, $6.1M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
51
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (January 2016 - December 2017)
Mobile Payments > Market Details > Top Markets of Early Stage Investors

Incubators Brand Capital (#1), IdeaSpace Foundation (#1)
Seed Civeta (#2), Expa (#1)
Series A/B Sequoia Capital (#2), DN Capital (#2)
Series C+ MediaTek (#2), GMO Venture Partners (#1)
Pushpay Dec - 2016
IPO'd
Citrus Pay Sep - 2016
Acq by PayU for $130M
Skrill Aug - 2015
Acq by Paysafe for $1.2B
FreeCharge Apr - 2015
Acq by Snapdeal for $400M
Yelopay Jul - 2013
IPO'd
Calpian Mar - 2009
IPO'd
Qiwi
IPO'd
Seed
GasPay (2015, Madrid)
Series A
Heyplease (2013, Madrid)
$2.1M - Seed
MishiPay (2015, London, $2.1M)
Angel
Convipay (2015, Pune)
$5M - Series A
Current (2015, New York City, $8.6M)
$120k - Seed
Payfazz (2016, Jakarta, $120k)
Jan 2018
Flipkart-owned PhonePe looking at acquisitions that make
strategic sense, TheNewsMinute
Jan 2018
Paytm Senior VP for gaming Dushyant Saraswat quits, plans
to start own venture, Entrackr
Jan 2018
Paytm: Another Top-level Exit At Paytm As Svp For Gaming
Division Quits, RetailBoard
Jan 2018
Paytm to touch $10b valuation after secondary share sale ,
Deal Street Asia
Jan 2018
StoreHippo ties-up with Paytm for providing easy way of
payment to the customers, ePRNews
Jan 2018
Paytm launches business app on Android for its merchants,
Indiatimes
Jan 2018 Puut A/S Announces Puut Wallet - Bitcoin Edition , PRWeb
Jan 2018
Paytm Payments Bank Launches Physical Debit Card
Delivery Via App, Inc42
Jan 2018 Aadhaar should continue adding security layers, Gadgets Now
Jan 2018
Paytm Payments Bank appoints Nitin Chauhan as CISO, Tech
Observer
Jan 2018 Bajaj Finance to acquire 12.6% in Mobikwik, Livemint
Jan 2018
PLDT's PayMaya to facilitate cashless transactions, Telecom
Asia
Jan 2018
Zeta Digitises IIM Lucknow Campus with its Cashless
Solution, BW Businessworld
News
0
5
10
15
20
25
30
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
2014 2015 2016 2017 2018
YoY Funding Rounds
10
10
32
98
432
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Wallet > Semi Closed > App based Payment: Market Factsheet
Market: App based Payment
52
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies enabling users to pay
via the app, cloud based or web
checkout
Paytm
(2010, Noida, $2.2B)
MobiKwik
(2009, Gurgaon, $162M)
FreeCharge
(2010, Mumbai, $117M)
Satispay
(2013, Milan, $33M)
Citrus Pay
(2011, Mumbai, $32.5M)
Top Companies
#1 Top Markets of Investment Activity
Mobile Payments > Market Details > Market: App based Payment
Companies Created 432 | Funded 98 | Total Funding $2.8B

Wallet > Semi Closed > App based Payment: Top Companies
Market: App based Payment (1/2)
Analyst’s Pick
Unicorn. Stage: Series F
SoftBank Group, MediaTek, ICICI Bank and 16 Other
Investors
Bajaj Finserv, NET1, Brand Capital and 7 Other
Investors
Minicorn. Stage: Acquired
Sequoia Capital, Sofina, ruNet and 3 Other Investors
Ascent Capital, Sequoia Capital, Econtext Asia and 2
Other Investors
Analyst’s Pick
Yoyowallet (2013, London, $31.5M)
QR code based mobile payment service provider &
consumer behavior analysis
Minicorn. Stage: Series B
METRO, Woodford Investment Management,
Touchstone Innovations and 5 Other Investors
Pushpay (2011, Seattle, $22.6M)
Christopher
Tapp Commerce (2013, Turku, $12.9M)
Prepaid mobile wallet for online and offline
payments.
Minicorn. Stage: Series A
AMMA Private Equity
Naspers, Accion, Innovation Endeavors and 10
Other Investors
Analyst’s Pick
RecargaPay (2010, Sao Paulo, $8.6M)
Brazil-based semi-closed mobile wallet
Editor's Pick. Stage: Series A
AngelList, FundersClub, DN Capital and 6 Other
Investors
SureCash (2010, Dhaka, $7M)
Re-loadable mobile wallet.
The Osiris Group, Beenos
Ensygnia (2012, London, $6.6M)
QR-Code based mobile payment solution.
Gate Ventures, SixThirty, Wayra
2Pay (2015, Venice, $3.8M)
Mobile payment solution for consumers and
merchants.
Editor's Pick. Stage: Seed
PhonePe (2015, Bangalore, $572k)
UPI based payment app
Soonicorn. Stage: Acqui-Hired
Flipkart, Suresh Kumar, Saurabh Singla

Wallet > Semi Closed > App based Payment: Top Companies
Market: App based Payment (2/2)
Analyst’s Pick
Idinvest Partners, CVC Capital Partners
YES BANK, Calpian
Pay Point India Network (2007, Mumbai)
Merchant app for offering wide range of recharge
services
Minicorn. Stage: Unfunded
Bluechain (2015, Hawthorn)
Mobile payment wallet to make online and offline
payments.
Editor's Pick. Stage: Unfunded
Cashfree (2015, Sint-martens-latem)
Cashless mobile payment solution for vendors and
consumers.
Analyst’s Pick
Echo (2016, Munich)
P2P messaging and payments platform leveraging
blockchain.
JioMoney (2016, Mumbai)
Semi-closed prepaid payment instrument
MobilePay (2013, Copenhagen)
Mobile payment app at merchant and online sites.
Moca (2013, Hanoi)
Mobile payment service provider
PayMaya (2015, Mandaluyong)
Mobile wallet with virtual visa card
Payowallet (2016, Bratislava)
POP Recarga (2014, Belo Horizonte)
Mobile wallet to pay during internet purchasing.
Analyst’s Pick
Swish (2012, Stockholm)
Mobile payment app using recipients' mobile
number.
Uangku (2014, Jakarta)
Mobile wallet for app based payment with buyer
protection facility
Vipps (2015, Oslo)
Mobile wallet for online and P2P money tranfser.
Zeta (2015, Bangalore)
Employee tax benefits solution provider

Incubators Life.SREDA (#2), 500 Startups (#1)
Seed Capital Eye Investments (#2), Alta Ventures (#1)
Series A/B American Express (#4), Sequoia Capital (#1)
Series C+ Intel Capital (#2), Colchis Capital (#1)
CardConnect Jul - 2017
Acq by First Data for $750M
Payleven Apr - 2016
Acq by SumUp
Square Nov - 2015
IPO'd
Net Element Oct - 2012
IPO'd
JetPay May - 2011
IPO'd
VersaPay Jan - 2010
IPO'd
Mint Feb - 2007
IPO'd
$10M - Series D
$1M - Series A
Dream Payments (2014, Toronto,
$17.5M)
$47M - Series D
$41M - Series D
Seed
GoodBox (2016, London, $3.2M)
$700k - Series C
TableSafe (2010, Kirkland, $34.3M)
Jan 2018
Big 4 Accounting Firm Signs Agreement to use VersaPay's
AR Automation, CNW
Jan 2018 French firm eyes more opportunities in China, ecns.cn
Jan 2018 Redemption of 20% in Ingenico Holding Asia, GlobeNewswire
Jan 2018
Israel-based 'Mobik' Partners With India Transact Services
To Empower MSMEs, BW Businessworld
Jan 2018
ShopKeep Grows Partnership with First Data and Launches
Customer Facing Clover® Mini Devices to Small Business
Owners, Business Wire
Jan 2018 Mobile Dating App Clover Raises $7M in Funding, FinSMEs
Jan 2018
Ride-hailing firm Grab buys India-based payments startup,
Reuters
Jan 2018 Ingenico Group To Buy Paymark For NZ$190 Mln, RTTNews
Jan 2018
mimik And Max2 Announce Strategic Partnership, PR
Newswire
Jan 2018
BOLTS Technologies and JetPay Announce Partnership,
Citybizlist
Jan 2018
Dream Payments Launches Clover and QuickBooks
Integration to Help Merchants Automate Their Accounting,
Marketwired
Jan 2018
Digital transactions in India crossed the 1 billion mark in
December, Indiatimes
Jan 2018
Square beats its fourth-quarter revenue expectations,
TechCrunch
Dec 2017
Network International partners with 3C Payment, Tahawul
Tech
Dec 2017 Intelligent Point of Sale owner prepares for IPO, Insider
News
0
5
10
15
20
25
30
$0k
$100M
$200M
$300M
$400M
$500M
2014 2015 2016 2017 2018
YoY Funding Rounds
10
17
40
80
262
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
mPoS > Suite: Market Factsheet
Market: Suite
55
Exits
Recent Investments
Companies offering both mPoS
terminals and mPoS card readers
iZettle
(2010, Stockholm, $243M)
ShopKeep
(2008, New York City, $97.2M)
Mswipe
(2009, Mumbai, $82.4M)
Ezetap
(2011, Bangalore, $51M)
Top Companies
Mobile Payments > Market Details > Market: Suite

mPoS > Suite: Top Companies
Market: Suite (1/2)
Analyst’s Pick
Unicorn. Stage: Public
Victory Park Capital, Colchis Capital, GIC and 24
Other Investors
AP4, Dawn Capital, European Investment Bank and
15 Other Investors
ShopKeep (2008, New York City, $97.2M)
PoS software provider for retailers
Activant Capital, Canaan Partners, TTV Capital and
6 Other Investors
B Capital Group, DSG Consumer Partners, Matrix
Partners India and 13 Other Investors
Analyst’s Pick
payments
Social Capital, Horizons Ventures, Berggruen
Holdings and 6 Other Investors
American Express, Sierra Ventures, Angel Ventures
and 8 Other Investors
U-Start, BBVA Ventures, Groupon and 10 Other
Investors
Digital+ Partners, METRO, Concardis and 2 Other
Investors
Analyst’s Pick
Poynt (2013, Palo Alto, $33M)
Point of sale terminal with magstrip, QR code and
NFC reader
Soonicorn. Stage: Series B
Matrix Partners, Go Capital, Webb Investment
Network and 4 Other Investors
Payfirma (2011, Vancouver, $18.9M)
Mobile & eCommerce Payments
Dundee Securities, Bray Partners
Dream Payments (2014, Toronto, $17.5M)
An end-to-end mPOS solution for merchants.
Editor's Pick. Stage: Series A
FairVentures, Connecticut Innovations, Real
Payzer (2014, Charlotte, $8.5M)
Payment solution provider for businesses
Route 66 Ventures, Grotech Ventures, IDEA Fund
Partners and 2 Other Investors

mPoS > Suite: Top Companies
Market: Suite (2/2)
Analyst’s Pick
Soft Space (2012, Petaling Jaya, $5M)
Centralise EMV processing
Transcosmos, Idea River Run
Mosambee (2012, Mumbai, $3.4M)
EMV enabled comprehensive mPOS system
Editor's Pick. Stage: Series B
Rajasthan Venture Capital Fund, SIDBI Venture
Capital
ePaisa (2011, Mumbai, $759k)
POS Software & Payments Solution
Minicorn. Stage: Seed
Aditya Birla Bizlabs
Nearex (2012, Singapore)
Enabling merchants with m-PoS
Tata Capital, Beenos
iKaaz (2012, Bangalore)
NFC based mPOS
Editor's Pick. Stage: Acquired
Analyst’s Pick
Nexi Pay (2004, Milano)
Digital payment solutions for merchants
Pagcom (2008, Sao Paulo)
Mobile card reader solution to accept payments.
SignCatch (2014, Delhi)
Point of sales solution

Incubators 500 Startups (#3), Start-Up Chile (#3)
Seed Point Nine Capital (#1), Kensington Capital Partners (#1)
Series A/B GV (#2), Valar Ventures (#1)
Series C+ Movac (#1), Jasmine (#1)
None
$500k - Seed
Tien Dien (2015, Jeju-si, $2.1M)
Series A
Tray (2013, Santa Monica)
$166M - Series D
Lightspeed POS (2005, Montreal,
$292M)
Seed
Tien Dien (2015, Jeju-si, $2.1M)
$101M - Series C
$17.1M - Series B
$5.2M - PE
iKentoo (2011, Geneva, $5.2M)
$12.5M - Series C
TouchBistro (2011, Toronto, $37.3M)
$389k - Seed
Swoopos (2015, Birmingham, $389k)
$3M - Series A
Pawoon (2013, Jakarta, $3M)
Series A
Yoco Technologies (2012, Cape
Town, $1.7M)
Jan 2018
Tatts Group chief Robbie Cooke named new CEO of Tyro,
Startup Daily
Dec 2017
Australian Fintech & Challenger Bank Tyro to Launch New
Financial Solutions for SME, Crowdfund Insider
Dec 2017
Nigeria’s SpacePointe in government tax collection deal,
Disrupt Africa
Dec 2017
Global mobile payment platform TNDN receives funding
from Evergreen Investment Partners, AllTechAsia
Dec 2017
PayRange Adds Compatibility to Millions of Existing Coin-Op
Washers and Dryers, PR Newswire
Dec 2017 Tyro to lower fees for ‘tap and go’, Fintech Business
Dec 2017
Revel Systems 2017 Growth Reflected in Strengthened C-
Suite and Office Locations, Business Wire
Nov 2017
Vend introduces artificial intelligence partner to help
smaller retailers, Bdaily
Nov 2017
Dax Dasilva on buying out investor Accel to deter Lightspeed
acquisition, BetaKit
Nov 2017
Tray Finds Funding For Point-of-Sale Software,
TexasTechPulse
Oct 2017
Lightspeed's Success Is Proof Canada's Startup Scene Is A
Contender, HuffPost
Oct 2017
Revel Systems links with LevelUp to add mobile ordering,
rewards capabilities, Mobile Payments Today
Oct 2017 M-vendr to accept Wala digital currency at mPOS, Finextra
Oct 2017
Lightspeed POS Raises $166 Million Round Led By La Caisse,
Techvibes
News
0
5
10
15
20
25
$0k
$50M
$100M
$150M
$200M
$250M
$300M
$350M
2014 2015 2016 2017 2018
YoY Funding Rounds
-
8
25
66
186
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
mPoS > PoS Software: Market Factsheet
Market: PoS Software
58
Exits
Recent Investments
Companies providing card reading
software for mobile Point-of-Sale
devices
Lightspeed POS
(2005, Montreal, $292M)
Toast
(2011, Boston, $131M)
Revel Systems
(2010, San Francisco, $127M)
Tyro
(2003, Sydney, $103M)
VendHQ
(2010, Auckland, $45.9M)
Top Companies
Mobile Payments > Market Details > Market: PoS Software
Companies Created 186 | Funded 66 | Total Funding $900M

mPoS > PoS Software: Top Companies
Market: PoS Software
Mobile Payments > Market Details > Market: PoS Software
Analyst’s Pick
eCommerce platform
Investissement Quebec, Inovia Capital and 4 Other
Investors
Capital, Bessemer Venture Partners and 2 Other
Investors
WCAS, ROTH Capital, Welsh Carson Anderson
Stowe and 4 Other Investors
Tyro (2003, Sydney, $103M)
Card payment acquiring systems for the SMEs.
Tiger Global Management, TDM Asset Management
Analyst’s Pick
Movac, Square Peg Capital, Jasmine and 15 Other
Investors
Movilway (2010, Madrid, $30M)
Mobile wallet and tablet POS provider in Latin
America
Radeberger Gruppe, Endeit Capital, Entree Capital,
Mujinzo Labs
Lavu iPad PoS (2010, Albuquerque, $15M)
iPad-based PoS system.
Aldrich Capital Partners, EPIC Venture Fund
Banyan (2016, Hyderabad)
Cloud based POS solutions for restaurants and
chains
Analyst’s Pick
PayUp (2015, Abuja)
Mobile point of sale solution.
Salon Iris (1999, Wixom)
PoS software solution provider
Till POS (2016, Hyderabad)
Cloud-based mobile POS solution
Editor's Pick. Stage: Seed
Amplifi Asia

Market: White Label
60
Mobile Payments > Market Details > Market: White Label

Market: White Label
Mobile Payments > Market Details > Market: White Label

Market: P2P Money Transfer
62
Mobile Payments > Market Details > Market: P2P Money Transfer

Market: P2P Money Transfer
Mobile Payments > Market Details > Market: P2P Money Transfer

Market: Payment Enablers
64
Mobile Payments > Market Details > Market: Payment Enablers

Market: Payment Enablers
Mobile Payments > Market Details > Market: Payment Enablers

Market: Dining Payments
66
Mobile Payments > Market Details > Market: Dining Payments

Market: Dining Payments
Mobile Payments > Market Details > Market: Dining Payments

Market: In-app Payment
68
Mobile Payments > Market Details > Market: In-app Payment
Companies Created 41 | Funded 11 | Total Funding $70.2M

Market: In-app Payment
Mobile Payments > Market Details > Market: In-app Payment

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
70
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/4)
72
Performance indicators of public companies in Mobile Payments
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Dec 2017
Mobile Embrace (2005, Sydney)
Carrier billing and digital marketing solutions
$6.6M IMS
Nov 2017
Boku (2008, San Francisco)
$166M BOKU
Dec 2016
Pushpay (2011, Seattle)
PPH
Sep 2016
Glance Technologies (2015, Vancouver)
$5.5M GET
Jun 2016
ChimpChange (2012, Los Angeles)
Money Payments app
$46.4M CCA
Nov 2015
Square (2009, San Francisco)
$3B SQ
May 2015
Peppermint Innovation (2014, Perth)
Proprietary Mobile Banking Technology provider
PIL
Feb 2014
iSentric (2004, Petaling Jaya)
White label mobile wallet solutions
ICU
Aug 2013
NXT-ID (2011, Shelton)
NXTD
Jul 2013
Yelopay (2011, Seoul)
$17.9M 179720
Mobile Payments > Exit Outlook > Public Companies

73
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Oct 2012
Net Element (2004, Miami)
Mobile payments and transaction processing provider
NETE
Feb 2012
Inside Secure (1995, Meyreuil)
Embedded security for IoT & payment solution
$127M INSD
May 2011
JetPay (2011, Carrollton)
Payment processor
$90M JTPY
Jan 2011
Mitek (1985, San Diego)
Mobile Imaging based anti fraud & verification
MITK
Jan 2010
VersaPay (2006, Vancouver)
Cloud based B2B accounts receivable solution provider
VPY
Mar 2009
Calpian (1999, Dallas)
Electronic Payment Processing Business
CLPI
Apr 2008
Proxama (2005, London)
Mobile proximity commerce and payment solutions
PROX
Dec 2007
Zamano (2000, Dublin)
Mobile Messaging and Payment Solution
ZMNO
Feb 2007
Mint (2007, Gladesville)
Payments processing solution provider
$9.6M MNW
Jun 2005
Bango (1999, Cambridge)
Mobile Payment & Analytics
BGO

74
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Nov 2002
OTI (1990, Rosh Pinna)
Contactless mobile payment hardware provider
OTIV
Apr 2002
Provision (2000, Taipei)
Payment, financial application, information security, and outsourcing
solution for merchants
6590
Jan 2001
Global Payments (1967, Atlanta)
Payment through Online , in cash and mobile
GPN
Oct 2000
Wirecard (1999, Aschheim)
Payment processing and issuing product service provider.
WDI
Mobetize (2012, Washington D.C.)
Mobile Commerce solutions for Telecom and Payment industry
New Media Insight Group (2013, Phoenix)
Qiwi (2008, Nicosia)
Digital wallet provider for payments.
Masterpass (2013, Purchase)
Mobile digital wallet for online and offline payments.
Ingenico (1980, Paris)
Payment processor and acquirer, POS services provider

75
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
ACS (1995, Hong Kong)
mPOS hardware manufacturer and distributer
PAX Technology Limited (2000, Hong Kong)
Payment terminals and software
mPay (2007, Warsaw)
Mobile payment platform for online and offline payments.
MPY
LINK Mobility (1993, Oslo)
Mobile payment solution provider to businesses.
LINKo
ManagePay Systems (2001, Subang Jaya)
Electronic payment solution provider.
United Mobile Technology (1989, Munich)
Mobile SDK to enable payments and loyalty.
Telupay (2010, Makati)
Mobile and Payment making platform provider.

Notable Acquisitions (1/3)
76
Notable Acquisitions in Mobile Payments
Mobile Payments > Exit Outlook > Notable Acquisitions
2017
Acquirer: Paynear Deal: $100M
goSwiff (2010, Singapore)
Mobile payment platform provider
Acquirer: First Data Deal: $750M
CardConnect (2006, King Of Prussia, $50M)
A provider of payment processing and technology
services
Acquirer: Advent International
Deal: $2.4B
Morpho (1990, Issy-les-moulineaux)
Bio-metric verification solution provider for
financial services
Acquirer: Avangate
2Checkout (2000, Columbus, $60M)
Hosted and API payment gateway provider.
2016
Acquirer: PayU Deal: $130M
Acquirer: Centana Growth Partners
Deal: $850K
Jumio (2010, Palo Alto, $51.7M)
Computer Vision based card verification and
payment service provider.
Acquirer: SumUp
Payleven (2012, Berlin, $51M)
Card payments on mobile phones.
2015
Acquirer: Paysafe Deal: $1.2B
Acquirer: Snapdeal Deal: $400M
Acquirer: PayPal Deal: $280M
Paydiant (2010, Wellesley, $34.6M)
White label mobile payment solutions

77
2014
Acquirer: Boku
Mopay (2000, Munich, $20M)
Mobile Payments Platform
2013
Acquirer: Synaptics Deal: $255M
Validity (2000, San Jose, $82.6M)
Biometrics based authentication solution
Acquirer: PayPal Deal: $800M
Online and mobile payment gateway
Acquirer: BillPin
Obopay (2005, Bangalore, $145M)
Mobile payment solution provider.
Acquirer: Fidelity Information Services
Deal: $165M
Mobile banking and payments service provider.
2012
Acquirer: Sequent
ViVOtech (2001, Redwood City, $96M)
NFC Mobile Payment

78
2011
Acquirer: Fiserv Deal: $465M
Popmoney (2010, Brookfield)
P2P Payment Service
Acquirer: EBay Deal: $240M
Zong (2000, Menlo Park, $15M)
Carrier billing for Virtual goods
2010
Acquirer: Gemalto Deal: $40M
Trivnet (1997, Netanya, $35.5M)
Platform for mobile financial solutions.
Acquirer: Verifone Deal: $9M
WAY Systems (2002, Woburn, $35M)
Mobile wireless point-of-sale
Before 2008
Acquirer: BankServ
Magex (1998, London, $80M)
P2P money transfer platform.

Most Active Acquirers
79
Mobile Payments > Exit Outlook > Most Active Acquirers

Date Target
Mar-16 Ruplee Acq by Paylo
Mar-16 Qarth Acq by Ola
Mar-16 Parametric Acq by Bypass Mobile
Mar-16 Appetite Acq by Ackroo
Feb-16 OnTab Acq by Ackroo
Jan-16 Bell ID Acq by Rambus
Jan-16 Minicheckout Acq by OmNovos
Jan-16 clearXchange Acq by Early Warning
Jan-16
Registroid Acq by Total Merchant
Services
Dec-15 CASHU Acq by Genero Capital
Dec-15 Corfire Acq by Mozido
Dec-15 Airtag Acq by Morpho
Oct-15 mCash Acq by SpareBank 1
Oct-15 Tab Acq by Velocity
Acqui-hires (1/2)
80
List of Acqui-hires in Mobile Payments
Excludes all details for Chinese companies
Date Target
Jan-18 iKaaz Acq by Grab
Jan-18 Bancontact Acq by PPRO
Jan-18 Parkmobile Acq by BMW
Nov-17 Finmo Acq by Benow
Aug-17 Digicash Acq by Payconiq
Jul-17 Wallezz Acq by Jukir
Jun-17 Paythru Acq by Direct Pay Online
Feb-17 MobiSwipe Acq by OMA Emirates
Dec-16
PayByPhone Acq by Volkswagen
Financial Services AG
Dec-16 SnapScan Acq by Standard Bank
Dec-16 ParkX Acq by Passport
Nov-16 Cookies App Acq by Klarna
Oct-16 Binge Acq by vMobo
Sep-16 EyeVerify Acq by Ant Financial
Date Target
Sep-16 Intelligent PoS Acq by iZettle
Aug-16 Starmount Acq by Infor
Jul-16 Momoe Acq by ShopClues
Jul-16 MeaWallet Acq by Seamless
Jul-16 Sling Acq by Avante
Jun-16 NettCash Acq by Brainworks Capital
May-16 Prism Acq by PayNearMe
May-16 Onebip Acq by Dimoco
May-16 Breadcrumb Acq by Upserve
May-16 Billtomobile Acq by Bango
Apr-16
Vietnam MPOS Technology Acq by
SoftPay Mobile
Apr-16 Think&Go NFC Acq by Ingenico
Apr-16 PhonePe Acq by Flipkart
Apr-16 Dash Acq by Reserve
Mobile Payments > Exit Outlook > Acqui-hires

Date Target
Feb-14 PayEase Acq by Mozido
Dec-13 Bump Acq by Google
Dec-13 GoPago Acq by Amazon
Dec-13 Evenly Acq by Square
Dec-13 Yowza Merchant Acq by Spindle
Nov-13 QubeCell Acq by Boku
Jun-13 JustChalo Acq by OpenTable
May-13 Aptito Acq by Net Element
Dec-12 ProPay Acq by TSYS
Nov-12
TimesOfMoney Acq by Network
International
Aug-12 Venmo Acq by Braintree
Jul-12 Alpha Bay Acq by Blockbuster
Jul-12 Card.io Acq by PayPal
Jun-12 Clover Acq by First Data
Acqui-hires (2/2)
81
List of Acqui-hires in Mobile Payments
Excludes all details for Chinese companies
Date Target
Oct-15 Zipcash Acq by Ola
Oct-15 FlowPay Acq by AppTech Corp
Oct-15
Sunhill Technologies Acq by Volkswagen
Financial Services
Sep-15 Cover Acq by Velocity
Sep-15 AmburApp Acq by ShopKeep
Sep-15 Track Concepts Acq by Crowd Mobile
Sep-15 Wipit Acq by Urban FT
Aug-15 Mobileview Acq by Boku
Aug-15 YTS Acq by Airtel
Jun-15 Pepperbill Acq by Orderbird
May-15 Aasaanpay Acq by Suvidhaa
Apr-15 WyWallet Acq by PayEx
Apr-15 Zing Acq by Bigcommerce
Mar-15 Kili Technology Acq by Square
Date Target
Mar-15
Dotykacka Acq by Redwood Capital
Group
Mar-15 Ödeal Acq by Sankonline
Feb-15 Loop Acq by Samsung
Feb-15 Airvend Acq by 365 Retail Markets
Jan-15 SnipSnap Acq by Slyce
Jan-15 Crowd Mobile Acq by Q LTD
Dec-14 SecureNet PayOS Acq by Worldpay
Dec-14 Payhub Acq by SignaPay
Dec-14 Wallaby Acq by Bankrate
Nov-14 DeviceFidelity Acq by Kili Technology
Oct-14 Eashmart Acq by PayUMoney
Oct-14 Fasspay Acq by Soft Space
Jul-14 CardSpring Acq by Twitter
Feb-14 C-SAM Acq by Mastercard
Mobile Payments > Exit Outlook > Acqui-hires
View all 101 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
82
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Mobile Payments > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Mobile Payments; Last 5 years (Jan 2013 - Dec 2017)
Index of Most Active VC & PE Investors
SEED STAGE
Wavemaker Partners (3 Investments)
Polytech Ecosystem Ventures (3 Investments)
Qualcomm Ventures (2 Investments)
Caerus Ventures (2 Investments)
Delta Partners (2 Investments)
IDG Ventures India (2 Investments)
Kae Capital (2 Investments)
Microsoft Ventures (2 Investments)
Civeta (2 Investments)
GMO Venture Partners
Accel Partners
Relay Ventures
Kensington Capital Partners
IDG Capital Partners
O'Reilly AlphaTech Ventures
EARLY STAGE
Santander InnoVentures (4 Investments)
GMO Venture Partners (3 Investments)
Spark Capital (3 Investments)
GV (3 Investments)
Sequoia Capital (2 Investments)
Grotech Ventures (2 Investments)
Matrix Partners (2 Investments)
Greycroft Partners (2 Investments)
MoneyTime (2 Investments)
Beenos (2 Investments)
CommerzVentures (2 Investments)
Route 66 Ventures (2 Investments)
Nyca (2 Investments)
Dentsu Innovation Partners (2 Investments)
Entree Capital (2 Investments)
LATE STAGE
SoftBank Group
Caisse de depot et placement du Quebec
Bessemer Venture Partners
Intel Capital
Zouk Capital
Dawn Capital
WCAS
TDM Asset Management
Tiger Global Management
Northzone
Activant Capital
B Capital Group
Partech Ventures
Bain Capital Ventures

Wavemaker Partners
85
Portfolio in Mobile Payments | Exits | Funds Link | Website | LinkedIn | Twitter
Mobile Payments > Investors > Wavemaker Partners
People
Investments
[Minicorn] Coins.ph (2013, Manila, $10M, Series A)
Mobile Payments Notable Portfolio
[Soonicorn] Thrive Market (2013, Los Angeles, $300M, Series C)
Online store for organic products on paid membership
[Soonicorn] Shift Technologies (2013, San Francisco, $112M,
Series C)
Online marketplace for buying and selling of used cars
[Soonicorn] Clutter (2013, Los Angeles, $100M, Series C)
Online platform for physical storage service
[Soonicorn] Phunware (2009, Austin, $90M, Series F)
Cross-Device, Mobile Marketing Automation Suite
[Soonicorn] OpenX (2006, Pasadena, $85M, Series E)
Programmatic AdExchange
[Soonicorn] Rise Broadband (2005, Englewood, $76.6M, Series
C)
Fixed wireless broadband service provider
[Soonicorn] Brand Networks (2007, Boston, $68M, Series A)
Native Social Advertising and Content Marketing
[Soonicorn] Viagogo (2005, Geneva, $65M, Series C)
Online event ticket marketplace
[Soonicorn] Laurel & Wolf (2014, Los Angeles, $25.5M, Series B)
Interior design service with reverse auction platform
[Minicorn] VideoAmp (2014, Santa Monica, $38.6M, Series B)
DSP for Video Ads
[Minicorn] FloQast (2013, Los Angeles, $33M, Series B)
SaaS month end Account Management for SMBs
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
David Siemer
Co-Founder &
Managing Partner
Geographical Spread Stage of Entry
May 2017
Naspers invests $5m in Philippines-based Coins, Asian
Venture Capital Journal
Dec 2015
Indonesian startup Moka ties up with Bank Mandiri to
launch mobile payment solution, Deal Street Asia
None
11
2
1
2013 2014 2015 2016 2017 2018
Follow On New Investments
1
-
-
1
3
Undisclosed
Series C+
Series B
Series A
Seed4
1
-
-
-
SEA
US

Polytech Ecosystem Ventures
86
Mobile Payments > Investors > Polytech Ecosystem Ventures
Investments
[Editor's Pick] Biowatch (2014, Lausanne, $1.2M, Seed)
Vein recognition based wearable watch provider.
[Soonicorn] Lightbend (2011, San Francisco, $52M, Series C)
High performance application builder
[Minicorn] VoiceBase (2010, Novato, $20M, Series B)
API's for speech recognition and speech analytics
[Minicorn] NetGuardians (2007, Yverdon-les-bains, $16.2M,
Series C)
Fraud/risk mitigation based on behavioral insights across bank
systems
[Minicorn] Beekeeper (2012, Zurich, $13M, Series A)
Mobile first team communication platform
[Minicorn] Ava (2014, Zurich, $12.3M, Series A)
Smart bracelet tracking your most fertile days
[Minicorn] Headnote (2016, San Francisco, Funded)
Workflow and collaborative network tools for lawyers
Top Exits Recent News on Fund & Portfolio
Jan 2018 Biowatch awarded at CES 2018, Startupticker
Nov 2017 SwissPay seduces Global Media Group, Startupticker
Feb 2017 OneVisage Secures Seed Funding, FinSMEs
Jan 2017
Biowatch has successfully closed first financing round at
CHF 1.2 million, Biowatch
None
2
1
2013 2014 2015 2016 2017 2018
-
-
-
-
3
Undisclosed
Series C+
Series B
Series A
Seed3
-
-
-
-
Europe

Qualcomm Ventures
87
Mobile Payments > Investors > Qualcomm Ventures
Investments
[Soonicorn] Toss (2011, Seoul, $76.9M, Series C)
[Editor's Pick] MyPoolin (2014, Delhi, $368k, Seed)
Online platform for money pooling
[Unicorn] Magic Leap (2011, Miami, $1.9B, Series D)
Head-mounted virtual retinal display to view augmented reality
[Unicorn] OneWeb (2012, California City, $1.7B, Series B)
Satellite connectivity across the globe
[Unicorn] Tango (2009, Mountain View, $367M, Series D)
Free video & voice calls app
[Unicorn] Lookout (2007, San Francisco, $284M, Series G)
Mobile device protection against malware
[Unicorn] CloudFlare (2009, San Francisco, $182M, Series D)
Security & Performance solutions for website
[Unicorn] Zoom (2011, Santa Clara, $146M, Series D)
Video conferencing with dropbox integration
[Soonicorn] Welltok (2009, Denver, $258M, Series F)
Platform which allows payers and employers to link incentives with
improvement in health parameters and provides personalized health
recommendations to consumers
[Soonicorn] Ring Labs (2012, Santa Monica, $204M, Series D)
Developer of video doorbell and monitoring camera
[Soonicorn] Lytro (2006, Mountain View, $200M, Series D)
Light field camera technology for cinematic VR
[Soonicorn] RetailNext (2007, San Jose, $190M, Series E)
Real-time in-store analytics using WiFi and Bluetooth sensors
Top Exits Recent News on Fund & Portfolio
Jan 2018
Inside Secure Protects New Interactive Video Application
Developed by PodOp and HBO, Business Wire
Dec 2017
Inside Secure : Delivers Next-generation Content
Protection Solutions Extending Leadership in Device
Coverage and Early-window Premium Video, 4-Traders
Dec 2017
Inside Secure Protects Lufthansa Technik’s Inflight
Entertainment on Passenger Devices, Business Wire
Nov 2017
Inside Secure delivers strong customer authentication for
Visma Solutions, Bobsguide
Nov 2017
Inside Secure : Selected by Neopost to Protect Online
Postage Transactions, 4-Traders
Nov 2017
Inside Secure Unveils Industry's First Root-of-Trust
Solution based on RISC-V Processor, Design And Reuse
Nov 2017
Inside Secure Acquires SypherMedia to Boost Its Silicon
IP Business and Root-of-Trust Offering, Business Wire
Oct 2017 Inside Secure reports Q3 results, Seeking Alpha
Validity
(2000, San Jose, $82.6M)
Acq by Synaptics - Oct 2013
Inside Secure
(1995, Meyreuil, $181M)
IPO - Feb 2012
1 1 1
2013 2014 2015 2016 2017 2018
1
-
1
1
2
Undisclosed
Series C+
Series B
Series A
Seed1
1
1
1
1
US
Europe
South Korea
Latam
India

Caerus Ventures
88
Mobile Payments > Investors > Caerus Ventures

Delta Partners
89
Mobile Payments > Investors > Delta Partners

IDG Ventures India
90
Mobile Payments > Investors > IDG Ventures India

Kae Capital
91
Mobile Payments > Investors > Kae Capital

Microsoft Ventures
92
Mobile Payments > Investors > Microsoft Ventures

93
Mobile Payments > Investors > GMO Venture Partners

Accel Partners
94
Mobile Payments > Investors > Accel Partners

Relay Ventures
95
Mobile Payments > Investors > Relay Ventures

Kensington Capital Partners
96
Mobile Payments > Investors > Kensington Capital Partners

O'Reilly AlphaTech Ventures
97
Mobile Payments > Investors > O'Reilly AlphaTech Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
98
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Santander InnoVentures
99
Mobile Payments > Investors > Santander InnoVentures

100
Mobile Payments > Investors > GMO Venture Partners

Spark Capital
101
Mobile Payments > Investors > Spark Capital

GV
102
Mobile Payments > Investors > GV

Sequoia Capital
103
Mobile Payments > Investors > Sequoia Capital

Grotech Ventures
104
Mobile Payments > Investors > Grotech Ventures

Matrix Partners
105
Mobile Payments > Investors > Matrix Partners

Greycroft Partners
106
Mobile Payments > Investors > Greycroft Partners

MoneyTime
107
Mobile Payments > Investors > MoneyTime

Beenos
108
Mobile Payments > Investors > Beenos

Tracxn - Mobile Payments Startup Landscape

Tracxn - Mobile Payments Startup Landscape

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