Fin-tech StartupsThis article features the top funding in the financial technology or Fin-tech startups in January 2022.

Financial technology or Fin-tech startups are the talks of the town, with its growing popularity, rise in funding, and top leaders supporting its growth. Talking about India at present, there are 77 unicorns, out of which 14 are Fin-tech players. Around half of which added into the Fin-tech unicorn club in 2021. Some notable Fin-tech startups are Slice, BharatPe, UpStox, ACKO, Groww, CRED, and more. Every financial technology startup, irrespective of the nature and size of operations, requires funds to convert its innovative ideas into reality. This article features the top funding in the Fin-tech startups in January 2022.

Checkout.com

In January 2022, Checkout.com announced that it has become a quadradecorn after a US$1 billion Series D funding round saw its valuation more than double to US$40 billion. Dragoneer, GIC, Franklin Templeton, Altimeter, the Qatar Investment Authority, Insight Partners, the Oxford Endowment Fund, Tiger Global, and an undisclosed west coast mutual fund manager were the primary investors in the funding round. It is the highest funding raised by a fin-tech startup in January 2022.

nCino

nCino had raised US$925.57 million in the second biggest fin-tech fundraising round raised in January. nCino is a financial technology startup founded in 2012 by Chip Mahan and Neil Underwood. It is headquartered in Wilmington, North Carolina. nCino's customers include TD Bank, Truist Financial, and Santander Bank. nCino's strategic partners include Accenture, Deloitte Digital, PwC, and West Monroe Partners. nCino is considered as one of the best fin-tech startups that are going the rule the year 2022 and beyond.

1Password

RDJ, Scarlett Johansson, and Ryan Reynolds were among the angel investors backing cybersecurity unicorn 1Password’s US$620 million Series C round in January. 1Password is a password manager developed by AgileBits Inc. It provides a place for users to store various passwords, software licenses, and other sensitive information in a virtual vault that is locked with a PBKDF2-guarded master password.

Qonto

Qonto is a French online payment institution for freelancers and SMEs. The financial technology startup was founded in 2016 and the initial product was launched in July 2017 in France. The service has been expanded to Spain, Germany, and Italy since 2019. The company has raised €486 million (US$552 million) in a Series D round at the beginning of the month. The raise saw it achieve a €4.4 billion valuation.

Bolt Financial

Bolt is a fin-tech startup on a mission to democratize commerce. The world's first checkout experience platform, Bolt offers a lightning-fast, one-click checkout and connects millions of shoppers to retailers through a unified, cross-brand network. Bolt is one of the best fintech startups that are going to rule in 2022 and beyond. This financial technology startup has secured US$355 million in a Series E round in January.

PayFit

PayFit was another French fin-tech startup to achieve its unicorn status in January. The payroll management platform secured US$287.24 million in a Series E round at a US$1.82 billion valuation in early January. Payfit is a cloud-based payroll management software that allows human resources managers to increase productivity. PayFit seamlessly digitizes and simplifies workforce management such as time and attendance as well as HR processes for companies.