Investors Cash Out Of Payment Technology Startups

TechCrunch

Even as a clutch of new payment technology companies including Zooz Mobile and Plastiq announce new financing rounds today, it seems like investors are no longer paying out for payment companies.

Over the past three quarters, the number of venture-backed payments companies has declined, tumbling from 59 startups in the third quarter of 2013 to just 41 companies in the second quarter of 2014, according to CrunchBase data.

Some winners have already emerged from the scrum of payments technologies that have raised money over the past five years. Companies like Stripe, the online payments provider for small and medium-sized businesses, which raised $80 million in January from investors including Khosla Ventures; Square , the mobile payment company for small and medium-sized businesses, which closed a $100 million debt financing in April; and Klarna, the Swedish payments company that notched its own $115 million in private equity funding earlier…

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