FINTOP Capital
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FINTOP is what happens when successful fintech operators decide to become systematic about backing the next generation - and they've got the track record to prove it works. With Square co-founder Jim McKelvey and serial entrepreneur Joe Maxwell leading the charge, they bring real operational DNA to the table, not just check-writing. Their "formula" approach might sound boring (McKelvey literally compares it to real estate investing), but boring often wins in venture when it comes with deep sector expertise and a $750M war chest. They're not chasing shiny objects - they want revenue-generating B2B fintech with experienced founders, which means they actually understand what they're buying. The JAM FINTOP network gives portfolio companies legitimate access to banks and strategic partners, not just networking theater.
- —Best for: Revenue-stage B2B fintech founders who want operators, not tourists, on their cap table
- —Known for: Systematic approach with genuine fintech operating experience from Square/payments veterans
- —Sweet spot: Companies solving real fintech infrastructure problems with experienced management teams
Venture capital firm founded by serial fintech entrepreneurs and operators. We are industry specialists with pressured-tested playbooks focused on B2B fintech. When we partner with an entrepreneur, we bring that understanding, along with our networks, our experience, and our capital. We seek B2B service-enabled SaaS and software companies in the FinTech space.
FINTOP Capital is a venture capital firm focused on early-stage FinTech companies. With over $700 million in committed capital across five funds, they target companies that have a proven product in the market, real revenues, and are helmed by veterans of the industries they're looking to shape. Their portfolio shows 84 investments primarily in B2B fintech infrastructure rather than consumer apps.
A trailblazer in the fintech industry, Joe has more than 30 years of experience as a serial entrepreneur, turned venture capitalist. Today, Joe is the Managing Partner of FinTop Capital, a FinTech focused VC firm that oversees 5 funds, $750 million in AUM and 60+ portfolio company investments. Previously built and sold multiple fintech companies including as EVP at IPreo and led the Private Capital Markets, acquiring Clear Momentum Inc. in December 2015 and ILevel Inc. in August 2015.
Co-founded Square with Jack Dorsey in 2009 and was appointed as an independent director of the Federal Reserve Bank of St. Louis in January 2017. As of July 2023, his net worth was estimated at US$2 billion. Now general partner at FINTOP and describes FINTOP as having a formula that's "about as exciting as investing in commercial real estate" - which he means as a compliment about their systematic approach.
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