Where 6 Banking Giants Are Placing Bets On FinTech Startups

AJ Veach

Happy Death podcast host. Writer, advocate, and former WSJ editor.

Published Aug 11, 2015

The army of financial technology startups is attacking traditional banking services, and major banks are striking back. Recently my colleagues at CB Insights analyzed venture funding to startups harnessing emerging technology in big data, mobile e-commerce and social networks.

Major banks share some overlapping investments in financial tech startups. Citigroup has been the most active of the group, with 15 FinTech deals since 2009.

One of our clients' favorite tools is the Business Social Graph. As you see below, this makes it easy to illustrate where the banks' investment strategies intersect and diverge.

A few interesting connections gleaned from this data viz:

Square: backed by Goldman Sachs, Citi Ventures, JPMorgan and Morgan Stanley
Motif Investing: backed by both JPMorgan and Goldman Sachs
Visible Alpha: backed by Morgan Stanley, BofA and Citi (as well as UBS and Jeffries)

The original research brief goes into more detail on the categories or segments that have attracted the most interest from investors.

If any questions, drop me a line in the comments. You can create data visualizations like this using the CB Insights Venture Capital Database. Sign up for a free trial here.

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