Before Covid, payments companies were some of fintech’s fastest-growing. As the pandemic caused online transactions to spike, these startups went on an unprecedented tear.
While the Covid pandemic kept Americans locked indoors, the biggest startups in fintech got much bigger, with many seeing their valuations double or triple in the span of a year. But that didn’t stop smaller, younger fintech startups from thriving, too.
Many of the startups on Forbes’ sixth Fintech 50 list were big pandemic winners, as Americans sped up their migration to buying and banking online and some of those stuck at home jumped into online trading of stocks and crypto.
[Orum] has raised $21 million in “Series A” funding led by Bain Capital. Venture firms Inspired Capital, Homebrew, Acrew, Primary, Clocktower, Box Group, Amex Ventures and SVB Capital also invested.
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