Fintop Capital
FINTOP Capital invests in proven B2B FinTech SaaS with operator support.
FINTOP Capital is a venture capital firm investing $3-5M in seed and Series A B2B SaaS and software companies in the FinTech space. The firm differentiates through its team of serial operators who have founded and scaled 10+ fintechs and sit on 80+ boards, combined with an extensive network of approximately 100 banks and financial services firms. FINTOP targets experienced founders building enterprise software with proven product-market fit and real revenues. Across five investment vehicles, the firm manages over $700 million in committed capital.
Problem solved
Early-stage FinTech founders need both capital and operational expertise from investors who understand the financial services sector and have networks within banking institutions.
Target customer
Series A and seed-stage B2B SaaS and software companies in FinTech with proven product-market fit, real revenues, and experienced founding teams.
Founders
J
Jim McKelvey
Founder
Co-founded Square (now Block, Inc.) with Jack Dorsey in 2009; founded LaunchCode, Third Degree Glass Factory, Invisibly, and other ventures.
J
Joe Maxwell
Managing Partner
Founder and Chairman/CEO of Investment Scorecard; educated at Denison University.
R
Rick Kushel
Founder and Managing Partner
Founding member and current Managing Partner at FINTOP Capital.
J
Jared Winegrad
Partner
Founding member promoted to partner; served as director of finance and operations; involved in exits including Beanworks (acquired by Quadient) and Kindful (acquired by Bloomerang).
Funding history
Fund I
$50M
2016
Led by Unknown
· Unknown
Fund II
$126M
March 2020
Led by Unknown
· Unknown
Fund III
$220M
June 2022
Led by Unknown
· Unknown
Fund IV and Fund V
Combined total brings firm to $700M+
Unknown
Led by Unknown
· Unknown
Total raised:
$700M+ across five funds
Industries
Pricing
Not applicable. Venture capital firm. Typical check size: $3-5M per investment.
Notable customers
Gridline, Ai Lean, ToltIQ, Trovata, Vouchr, myDigitalOffice, FinMkt, Digital Onboarding, Decusoft, Plinqit, Freight Science, Compliance.ai, Amaryllis, Xelix, Goodshuffle Software, Legatics, Gappify, Beanworks, Kindful, DealCloud, Solovis
Integrations
Approximately 100 banks and financial services firms network
Website
Competitors
Craft Ventures
Broader B2B focus without specialized FinTech operator network; less emphasis on banking relationships.
Khosla Ventures
Larger fund focused across multiple industries; less concentrated FinTech expertise and banking network.
Initialized Capital
Earlier-stage focus and broader tech thesis; less specialized financial services operator experience.
Why this matters: FINTOP Capital represents a new model of operator-driven venture capital in fintech, leveraging Jim McKelvey's Square pedigree and a deep banking network to invest at scale. With two successful exits (DealCloud to Intapp, Solovis to Nasdaq) and recent momentum in AI-driven fintech (Ai Lean, ToltIQ, Compliance.ai), the firm is proving that sector expertise and relationship capital matter significantly for early-stage fintech success.
Best for: Series A and seed-stage FinTech SaaS founders with proven product-market fit seeking capital, board expertise, and access to banking and financial services networks.
Use cases
Payment and Banking Infrastructure Scaling
A Series A fintech building payment rails or banking APIs can leverage FINTOP's network of 100+ banks to pilot products, negotiate partnerships, and accelerate go-to-market with financial institutions. The firm's operator experience in building payment infrastructure (co-founder of Square) provides direct guidance on scaling banking relationships.
Enterprise Compliance and Regulatory Navigation
Compliance-heavy fintech companies like Compliance.ai benefit from FINTOP partners' operational track record navigating regulatory environments and banking relationships. The firm helps portfolio companies understand compliance requirements and establish credibility with regulated financial institutions.
Private Markets and Financial Services Software
B2B SaaS targeting financial professionals (like ToltIQ's due diligence platform or Gridline's wealth management software) gain introductions to asset managers, wealth managers, and institutional investors through FINTOP's banking and financial services network, accelerating customer acquisition.
Alternatives
Plug and Play FinTech
Accelerator model with more early-stage focus; less check size and fewer hands-on operating partners compared to FINTOP's growth-stage investment approach.
Founders Fund
Broader tech thesis across multiple sectors; less specialized fintech operating expertise and banking network relationships than FINTOP's focused vertical.
Bessemer Venture Partners
Larger generalist VC with fintech expertise but broader portfolio; less concentrated operator network within banking and financial services than FINTOP.
FAQ
What does FINTOP Capital do? +
FINTOP Capital is a venture capital firm that invests $3-5M in seed and Series A B2B SaaS and software companies in the FinTech space. Beyond capital, the firm provides operational support from founding partners who have built and scaled multiple fintechs, plus access to a network of approximately 100 banks and financial services firms.
How much does FINTOP Capital invest? +
FINTOP Capital typically deploys $3-5 million per investment in seed and Series A rounds. The firm has raised over $700 million across five investment vehicles and manages approximately $220 million in assets under management.
Who are the founders of FINTOP Capital? +
FINTOP Capital was founded in 2016 by Jim McKelvey (co-founder of Square), Joe Maxwell (former CEO of Investment Scorecard), Rick Kushel, and Jared Winegrad. The team brings decades of experience building and scaling fintech companies.
What types of companies does FINTOP Capital invest in? +
FINTOP focuses on B2B service-enabled SaaS and software companies in FinTech with proven products in the market, real revenues, and experienced founding teams. Recent investments include Gridline (private market investing), Ai Lean (self-storage AI), ToltIQ (due diligence platform), and Compliance.ai.
What makes FINTOP Capital different from other VC firms? +
FINTOP differentiates through its team of operators who have founded 10+ companies and sit on 80+ boards, combined with an extensive network of approximately 100 banks and financial services firms. This provides portfolio companies with critical resources, credibility, and customer introductions unavailable from generalist VCs.
Tags
venture capital
fintech
B2B SaaS
payments
banking
compliance
Series A
seed stage
operator-backed
financial services