Investors Circle ‘Most Hated’ Fintech and E-Commerce Sectors

The fintech and e-commerce sectors, two of the hardest hit by the end of the venture capital funding boom, are still showing plenty of carnage. Some investors say it’s the perfect time to go bargain hunting. 

At the end of 2022, fintech was “probably the most hated area and probably lending within that [sector], and we actually have a couple of lending businesses we’re very excited about,” said Spark Capital general partner Jeremy Philips at The Information’s Private Capital Conference in New York on Tuesday.  

“We’re obviously very long [on] AI,” he said, “but we’re also spending a lot of time and money in fintech—which is probably the least loved category still.” Spark has invested in payments company Plaid, expense management startups Ramp and cap table management tool Carta.