If you’re familiar with Fintech you recognize it as a booming space. Within it, payments is a highlight.
According to Statista, from 2016 through 2021, payments has been one of the leading destinations for VC money in the Fintech arena. M&A activity for payments has also been heightened and is “here to stay,” according to S&P Global Market Intelligence.
As we peel the onion on payments, a sub-area that has grabbed a lot of attention is the cross-section of payments and expense management or (donning a different garb) spend management. As of late, several mega-deals have gone through as have IPOs. Entrepreneurs and traditional finserv alike are scrambling to create value and capture markets in this space.