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High Growth Payments Sector Update

Payments remains one of the largest sectors within FinTech, with around 19% of companies in FinTech focusing on payments. In Q1 2022, so far, over £1.15bn has been invested in 34 companies, which should further fuel growth.

There is a rise in partnership and senior sales roles within the payments sector. Demand is still high across all business areas. As such, salaries continue to increase. Most hiring activity is centred around London.

In the News:

Ripple and Modulr announce strategic partnership

BR-DGE and Moneyhub join forces to make open banking an alternative payment method

Expanding its omnichannel platform, DNA Payments acquired FPMS

Checkout raised $1bn round at $40bn valuation

Blockchain entertainment payments system, Purely Capital, were acquired by US-based Pipe.


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