Growth equity firm for fintech Series B

Jul 7 – Oct 19, 2026Updated Oct 19, 2026Reviewed by

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#2tiedInsight Partners36%
#2tiedRibbit Capital33%
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#2tiedFTV Capital29%

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Widest split: FTV Capital, 48% on ChatGPT and 10% on Google AI Mode.

Questions and answers

  • ChatGPTOct 10, 2026

    1. 1Left Lane Capital
    2. 2Sageview Capital
    3. 3BMO Capital Partners
    4. 4QED Investors
    5. 5Canapi
    6. 6FTV Capital

    For a $20 million Series B for a fintech company, I’d focus on growth equity firms that can do more than participate in a round: you want a firm with the check size, fintech expertise, and conviction to lead the financing, set terms, and potentially take a board seat.

    The key distinction is that some growth investors routinely write $20M checks but prefer to co-invest, while others can anchor a round and bring additional capital from their networks.

    I’d prioritize firms with experience in fintech infrastructure, payments, lending, financial software, and other regulated financial services, then narrow the list based on your business model and traction.

    My initial shortlist

    These are the firms I would investigate first. The distinction is between a demonstrated fintech investment track record and a confirmed willingness to lead your specific round; the latter needs to be validated directly.

    • Left Lane Capital - Portfolio, Partners, Reviews, News

    1. Left Lane Capital

    (Strong size fit)

    A promising candidate for a company with meaningful revenue growth in fintech, financial services, or software. Third-party funding data places its historical Series B round-size range above $20M, so it is worth approaching about a $20M lead check or a larger round.

    Website:

    • Excited to announce the close of our third fund at $710M. Grateful for the support we received from our terrific limited partners and the entrepreneurs who have chosen to work with us so far. With… | Scott Stuart | 24 comments

    2. Sageview Capital

    Particularly worth considering if your fintech is a B2B software or financial infrastructure business. In May 2026, Sageview led a growth equity investment in payments infrastructure provider Alacriti, with BMO Capital Partners and Curql Fund also participating.

    Website:

    • QED Investors: Frank Rotman On The Fintech Industry

    3. QED Investors

    A specialist fintech investor to prioritize if you want a lead with deep financial-services knowledge, relevant operating experience, and industry relationships. I would confirm current fund capacity and the target check size for your particular business before treating QED as a $20M lead candidate.

    Website:

    • Canapi Ventures reveals new $750m fund to support US fintech entrepreneurs

    4. Canapi Ventures

    Worth screening for fintech companies selling into banks, credit unions, and other financial institutions. Its industry focus can be especially relevant when a lead investor's strategic relationships matter alongside the capital.

    Website:

    • FTV Capital | The Org

    5. FTV Capital

    A relevant option for a more mature fintech with established revenue, repeatable distribution, and strong unit economics. I would qualify its fit based on your revenue scale and whether it will lead a round of this size at your stage.

    Website:

    • Farewell from AltFi

    6. QED Investors — a particularly strong fintech specialist

    QED's official site says its growth fund expects average total investment sizes of $15M–$20M, making it a particularly relevant prospect for your target. Its portfolio spans payments, lending, banking infrastructure, identity, and wealth technology.

    Website:

    Who I'd contact first

    Based on the publicly stated investment criteria, my first calls would be:

    • FTV Capital — if you have $10M+ in annualized revenue and strong growth. It states typical investments of $20M–$300M+, which is a particularly clear check-size match.
    • Canapi Ventures — if you're selling fintech infrastructure or software to financial institutions. Its stated growth-stage check range is $15M–$50M.
    • QED Investors — if you want a fintech-specialist investor with a dedicated growth strategy.

    These are the best initial matches on paper, not confirmation that any firm is currently willing to lead your round.

    Let me narrow this to the best 3 firms for your company

    The most important missing detail is your fintech category. What does your company do?

    1. What kind of fintech are you?

    B2B fintech / financial infrastructure

    Payments / cross-border / stablecoins

    Lending / credit / consumer finance

    Banking / neobank / consumer fintech

    Wealthtech / investment technology

    Insurtech / regtech / risk and compliance

    Other fintech

    2. Current annual revenue (or ARR, if SaaS)

    Pre-revenue / under $1M

    $1M–$5M

    $5M–$15M

    $15M–$30M

    $30M+

    3. Year-over-year revenue growth

    Under 25%

    25%–50%

    50%–100%

    100%+

    4. Company headquarters

    United States

    Latin America

    Europe / UK

    Other / global

    5. What do you need the lead investor to do?

    Lead the full $20M round

    Invest $10M–$15M and syndicate the balance

    Flexible on structure

    [Find my best-fit lead investors]

    With those details, I can rank the firms by fit and identify the most relevant investment partners and submission routes, rather than giving you a generic VC directory.

    Sources cited in this answer10

    Google AI ModeOct 10, 2026

    1. 1Insight Partners
    2. 2Battery Ventures
    3. 3Norwest Venture Partners
    4. 4JMI Equity
    5. 5Great Hill Partners

    Finding the right growth equity or crossover venture partner to lead a $20M Series B in fintech requires targeting firms that actively write $10M–$25M check sizes, possess deep domain expertise in financial services/infrastructure, and maintain active deployment paces.

    Prominent growth equity and multi-stage venture firms actively investing in the fintech and B2B software space include:

    • Insight Partners: Known for a massive growth-tech footprint and a dedicated operational support team (Insight Onsite), they frequently lead and scale Series B and C rounds in B2B fintech and vertical SaaS . You can explore their approach via Insight Partners.
    • Battery Ventures: Frequently active in late-stage and mid-stage tech/fintech, writing substantial growth checks and taking active board positions. Check out their portfolio criteria on X (formerly Twitter).
    • Norwest Venture Partners: A hybrid venture and growth equity firm that backs companies from early phases through to growth/expansion rounds, with a historical footprint in financial services and fintech. Learn more at Norwest Venture Partners.
    • JMI Equity: A growth equity firm singularly focused on software and tech-enabled businesses, including fintech and B2B cloud infrastructure. More details are available via JMI Equity.
    • Great Hill Partners: Focuses on mid-market and high-growth disruptive companies across software, financial technology, and digital infrastructure. View updates on Great Hill Partners.

    To help narrow down the best targets for your specific profile, tell me:

    • What is your fintech's subsector (e.g., embedded finance, payments, insurtech, wealthtech, B2B SaaS)?
    • What are your current ARR / revenue metrics and growth rate?
    • Are you looking for a pure financial growth partner or one with strategic enterprise banking connections?

    Sources cited in this answer1

  • ChatGPTOct 19, 2026

    1. 1QED Investors
    2. 2HASH
    3. 3Bain Capital Ventures
    4. 4Canapi
    5. 5General Atlantic
    6. 6Nyca Partners
    7. 7Ribbit Capital
    8. 8Fin Capital
    9. 9Commerce Ventures
    10. 10TTV Capital
    11. 11Portage Capital Solutions

    For a fintech company raising a $20 million Series B, I’d prioritize growth equity firms that have three characteristics: deep fintech investing experience, the ability to lead a $20M check or larger, and a track record of backing companies at the Series B-to-growth stage.

    One important distinction: some firms specialize in fintech but primarily invest in early-stage rounds, while others have the capital to lead a $20M investment but focus on later-stage companies. The strongest targets are firms that satisfy both requirements.

    I’d build the investor list around U.S. fintech-focused growth investors, fintech-native venture firms with substantial follow-on capital, and multi-sector growth equity funds with dedicated fintech portfolios.

    1. My priority shortlist

    These are the firms I would approach first, based on their fintech focus, growth-stage capabilities, and evidence of investing in rounds of relevant scale. A $20M check is a target to validate with each investment team, not a guarantee of current appetite.

    • Portage Ventures - Crunchbase Company Profile & Funding

    1. Portage

    (Top priority)

    Fintech specialist · Venture and growth equity

    Portage is one of the clearest fits: it lists venture checks of $1M–$30M and a separate capital-solutions strategy for $30M–$150M. A $20M Series B falls squarely within its stated venture range. It invests across financial technology and financial services.

    Website:

    • QED Investors: Frank Rotman On The Fintech Industry

    2. QED Investors

    Fintech specialist · Dedicated growth funds

    One of the strongest sector-specific prospects. QED has dedicated growth funds and a portfolio spanning payments, lending, banking infrastructure, insurance technology, and consumer finance. It has also led a $15M Series B in fintech infrastructure company Hash, demonstrating relevant round leadership experience.

    Why approach: Especially compelling if your business is a financial services platform, lender, payments company, or fintech infrastructure provider.

    Website:

    • Bain Capital Ventures Logo Vector File Free Download | Logowik

    3. Bain Capital Ventures

    Multi-stage VC · Fintech and growth equity

    BCV explicitly invests from $1M in seed capital through $100M in growth equity, with fintech as a core investment area. It has the stated investment capacity for a $20M lead check and can support companies through multiple stages.

    Why approach: Particularly attractive for B2B fintech, embedded finance, financial infrastructure, and software-enabled financial services.

    Website:

    • Canapi Ventures reveals new $750m fund to support US fintech entrepreneurs

    4. Canapi Ventures

    Fintech specialist · Financial services infrastructure

    Canapi focuses on B2B fintech and the evolution of financial services. Its portfolio includes companies in lending, payments, banking technology, identity, and financial infrastructure, with multiple investments marked Series B.

    Why approach: A strong sector fit for enterprise fintech selling to banks, credit unions, lenders, or other financial institutions. Confirm its current lead-check capacity for your round.

    Website:

    • General Atlantic Logo PNG Vector (CDR) Free Download

    5. General Atlantic

    Growth equity · Larger-scale fintech opportunities

    General Atlantic is worth including for a company with substantial traction, strong unit economics, and a credible path to category leadership. Its growth-equity orientation makes it a potential candidate for a $20M investment, though you should verify fit with its current stage and fintech mandate.

    Why approach: Best if your Series B resembles a growth-equity opportunity more than a conventional early-stage venture round.

    Website:

    2. Additional firms worth targeting

    These investors broaden the list, particularly if the company's fintech sub-sector aligns with their expertise.

    FirmWhy it belongs on the list$20M lead potential
    Nyca Partners —Specialist in financial technology and financial services, with a strong industry network.Validate fund capacity and stage fit
    Ribbit Capital —Fintech-native investor with exposure to digital banking, payments, lending, and financial platforms.Worth testing for a high-conviction lead
    Fin Capital —Focused on B2B financial technology, including financial infrastructure and enterprise fintech.Validate typical check size
    Commerce Ventures —Fintech, payments, commerce infrastructure, and related financial services.Confirm lead capacity for the round
    TTV Capital —Longstanding fintech specialist with investments across the financial technology ecosystem.Check fund size and Series B mandate

    These are additional prospects rather than confirmed $20M lead investors. Their fit depends on the specific business model, current fund deployment, and whether they would lead or participate alongside another investor.

    3. Match the investor to your fintech category

    The best target list will look different depending on what you're building.

    • Two Alternatives: Smarter B2B Payment Automation for Modern Businesses

    Payments and financial infrastructure

    Prioritize Portage, QED Investors, Canapi Ventures, and Bain Capital Ventures.

    • Craft Inventors | Premium Software Development Company

    Lending, consumer finance, and digital banking

    Prioritize QED Investors, Portage, Nyca Partners, and Ribbit Capital.

    • FP&A Software for CFOs | Trusted Financial Intelligence | Cube

    B2B fintech, CFO software, and embedded finance

    Prioritize Bain Capital Ventures, Canapi Ventures, Fin Capital, and Portage.

    • First Rate: The Heart & Soul of WealthTech | First Rate, Inc.

    Wealthtech, capital markets, and financial data

    Start with Bain Capital Ventures, Nyca Partners, and General Atlantic, then expand based on the product's specific niche.

    4. How I would qualify these firms for a $20M lead

    Before approaching investors, I would verify four things for each firm:

    • Lead-check capacity: Can it invest the full $20M, or would it require a co-investor?
    • Stage fit: Has it led Series B rounds recently, rather than investing only at seed or Series A?
    • Business-model fit: Does its portfolio contain companies with a similar fintech model, customer, and regulatory profile?
    • Current deployment: Is the relevant fund actively investing, and does the team have capacity for a new position?

    A firm's total assets under management alone isn't enough to establish that it can lead a $20M Series B.

    5. Let me narrow this to the best 5–10 investors

    I can turn this into a more actionable fundraising target list with relevant partners, comparable portfolio companies, evidence of past lead investments, and outreach links.

    The most useful starting point is: What kind of fintech company are you raising for?

    Share what you know; approximate answers are fine.

    1. Fintech category

    B2B fintech / financial infrastructure

    Payments / embedded finance

    Lending / consumer finance

    Digital banking / neobank

    Wealthtech / capital markets

    Insurtech / regtech

    Other fintech

    2. Headquarters or primary market

    United States

    United Kingdom / Europe

    Latin America

    Asia-Pacific

    Global / other

    3. Current annual revenue

    Pre-revenue

    Under $5M

    $5M–$20M

    $20M+

    4. What does “lead” mean for this round?

    One firm must lead and invest the full $20M

    One firm leads with $10M–$15M; co-investors fill the balance

    Open to either structure

    5. Target pre-money valuation (optional)

    [Input placeholder: e.g. $80M, or undecided] (Current value unavailable.)

    [Build my investor shortlist]

    Sources cited in this answer19

    Google AI ModeOct 19, 2026

    1. 1QED Investors
    2. 28VC
    3. 3Battery Ventures
    4. 4Bain Capital Ventures
    5. 5Lightspeed Venture Partners
    6. 6Insight Partners
    7. 7Accel
    8. 8Spark Capital

    A $20M Series B sits right in the sweet spot for multi-stage venture and growth equity firms that actively lead or co-lead expansion-stage rounds . While dedicated late-stage private equity/growth funds typically write larger checks ($50M+), hybrid growth-equity and multi-stage tier-1 funds regularly anchor rounds at this size.

    Here is a curated breakdown of prominent firms that specialize in or have robust fintech practices and frequently lead Series B investments in the $15M–$30M range:

    Dedicated Fintech & Multi-Stage Growth Investors

    • QED Investors – A premier, operator-heavy fintech specialist fund globally. They regularly lead and participate in Series A and Series B rounds, bringing deep operational and regulatory expertise in financial services.
    • 8VC – Highly active in enterprise tech and fintech infrastructure (recent activity includes leading a $20M Series B for vertical AI/fintech platforms). They routinely lead Series B checks matching your target.
    • Battery Ventures – Multi-stage technology investor with a heavy emphasis on B2B SaaS, infrastructure, and financial technology. They comfortably lead Series B rounds and support companies through scale-up.
    • Bain Capital Ventures – Operates an dedicated fintech and B2B software practice with an analytical approach to growth. They frequently lead early-to-growth expansion rounds, including Series B checks.
    • Lightspeed Venture Partners – Actively invests across global fintech and enterprise software from Series A through growth stages, with standard check sizes that easily cover a $20M Series B.

    Generalist Growth & Scale-Up Funds with Strong Fintech Track Records

    • Insight Partners – Primarily a software and technology growth equity investor that occasionally scales down into major Series B rounds (such as recent $20M–$80M enterprise/fintech rounds) if the unit economics and growth velocity fit their model.
    • Accel – Frequently leads Series B infrastructure and financial application rounds, supporting international expansion, compliance, and product scaling.
    • Spark Capital – Known for high-conviction lead investments in emerging tech and fintech infrastructure, frequently participating or leading at the Series B milestone.

    To help narrow this list down, could you share:

    • Your vertical (e.g., embedded finance, payments, B2B fintech infrastructure, InsurTech, wealthtech)?
    • Your current ARR or revenue milestone?
    • Whether you are looking for a purely financial lead or an operator-heavy partner who can help with regulatory scaling?

    Sources cited in this answer3

Also asked as

  • We are looking for growth equity investors who lead Series B rounds of $20 million for fintech startups.