About the survey The scope of the project was to look at financial technology companies in payments in the UK, US and FIGS and chart their evolution and exit over a 5 year period up to 2015. In addition we included some companies that operate in these markets although are domiciled elsewhere; iZettle based in Sweden being such an example. The sample size of PayTech companies was 23 on average and the selection criteria used was that the firm was performing any activity related to payments and/or payments and technology. About The Bancorp Founded in 2000, The Bancorp creates customized banks for our hundreds of affinity partners, setting a new standard in financial services innovation. Today, The Bancorp remains one of the few financial service companies in the world dedicated to providing private-label banking and technology solutions for non-bank companies ranging from entrepreneurial start-ups to those on the Fortune 500. With operations in the US and Europe (e-money issuer), The Bancorp is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the Fortune 500. The Payment Solutions team at The Bancorp is dedicated to locating and accelerating innovators. Our payments team has been the guiding force propelling the creation, execution and service of countless leading prepaid card and emerging payment solutions. The company’s chief financial institution, The Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly recognized in the payments industry as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank, and a top ACH originator. The Bancorp is a Founding Member of the Network Branded Prepaid Card Association (NBPCA), a Direct Financial Institution Member of NACHA, a member (with Advisory Board representation) of the Emerging Payments Association, and an active participant in the Electronic Transactions Association. The company maintains memberships with the E-Money Association, the Gibraltar ® E-Money Association, as well as with numerous payment networks including Visa® and Mastercard . thebancorp.com. About Accourt Accourt is a leading provider of strategic and operational consultancy and research services to the payments industry worldwide. Our clients include banks, the card PAYMENTS SPECIALISTS schemes and financial services institutions, payments and technology providers, telecom operators, corporates, merchants, and government organisations. Our team are all experienced practitioners with front line P&L experience, combining unrivalled strategic expertise with operational know-how. From defining and setting strategy, to implementing deployment, through to final delivery, Accourt is dedicated to minimising operational risk and ensuring a successful and profitable outcome for our clients. We have a passion for delivering real and lasting value and we bring focused, world-class expertise to complement client teams. Accourt specialises in addressing issues affecting the payments community. Our unique blend of experienced industry specialists and local market intimacy has positioned us as the advisor of choice for market leaders across the industry. We aim to make a powerful, positive difference to our clients’ futures. EPA WHITE PAPER, PAYTECH INVESTMENTS, COPYRIGHT © MAY 2016 11