Top Massachusetts Fintech Investors: Angels, Angel Groups, and VC Firms (2026)

The most active Massachusetts fintech investors include angel Jason Krantz, the angel groups Boston Harbor Angels and Launchpad Venture Group, and the Boston-area VC firms F-Prime Capital, Underscore VC, and Accomplice. The AngelMatch database lists 3,000+ investors in Massachusetts, and 1,000+ of them are tagged as angel investors.

Massachusetts is known as a hub for fintech startups. Cities like Boston, Lexington, and Cambridge have shown exceptional growth, building a fintech powerhouse.

Mike Fanning, co-chair of the Mass Fintech Hub and former head of MassMutual U.S., said in a December 2023 progress report release that the state has made major strides in fintech innovation since the Fintech Working Group formed in early 2020 and the Mass Fintech Hub launched in 2021. That assessment also ranked Massachusetts fourth among U.S. states in fintech funding, behind California, New York, and Florida, according to Banker & Tradesman.

So who is actually writing checks to Massachusetts fintech startups? Here are six investors worth researching: one angel, two angel groups, and three VC firms. For a broader list, see our guide to the top angel investors in Massachusetts.

Who Are the Top Fintech Investors in Massachusetts?

Jason Krantz

• Type: Angel investor

• Present In: Boston

• Notable Investments: FINTRX, SponsorHub

Jason Krantz founded Definitive Healthcare in 2011 and has served as its executive chairman since August 2022. Before that, he founded Infinata, a data provider to the pharmaceutical industry that was sold to Pearson Media Group.

On the fintech side, he led the $9 million Series A for FINTRX, a data platform for family offices and registered investment advisors, and he serves on its board. He was also an early investor in SponsorHub, a sponsorship marketplace that Rentrak acquired in 2015.

Boston Harbor Angels

• Type: Angel group

• Present In: Boston

• Preferred Industries: Include financial services

• Website: bostonharborangels.com

Boston Harbor Angels is a group of Boston business leaders that has invested in early-stage companies since it formed in 2004. Members make their own investment decisions rather than investing through a pooled fund, and they share due diligence work.

The group says it looks for early-stage companies raising roughly $250K to $1.5M that can reach profitability on less than $5M of equity. Its Gust profile lists financial services among its preferred industries and shows two financial services companies in its portfolio, Digital Life Technologies and LeaseQ.

Launchpad Venture Group

• Type: Angel group

• Present In: Boston

• Focus: Early-stage technology and life science startups in New England

• Website: launchpadventuregroup.com

Launchpad Venture Group is a Boston-based angel group that funds early-stage, technology-driven and science-driven startups in New England. Members offer mentorship and advice alongside capital, and the group frequently co-invests with institutional seed and Series A funds.

Some investor directories also tag Launchpad for fintech, so review its recent deals before you pitch.

F-Prime Capital

• Type: VC firm

• Present In: Boston

• Focus: Healthcare and technology, including fintech

• Website: fprimecapital.com

F-Prime Capital is a Boston venture firm that grew out of Fidelity's venture arm, which started as Fidelity Ventures in 1969. It invests in healthcare and technology, and on the technology side it focuses on enterprise software, fintech, and frontier tech.

The firm says it is an early-stage investor by choice but backs strong teams at any stage. Past investments include fintech names such as Flywire, Axoni, and Quovo.

Underscore VC

• Type: VC firm

• Present In: Boston

• Stages: Pre-seed, Seed

• Website: underscore.vc

Underscore VC is a Boston-based firm, founded in 2015 by Michael Skok and Richard Dulude, that backs early-stage B2B software founders at the pre-seed and seed stages.

Fintech entrepreneur Chris Gardner, who co-founded Paydiant (acquired by PayPal in 2015), joined Underscore as an investing partner and planned to spend a good share of his time on fintech startups.

Accomplice

• Type: VC firm

• Present In: Boston area

• Notable Investments: AngelList, CoinList, Currencycloud, FreshBooks

• Website: accomplice.co

Accomplice is a seed-led venture firm based in the Boston area. Fintech is one of its stated focus areas, and its portfolio includes AngelList, CoinList, Currencycloud, and FreshBooks.

Should You Pitch Angels or VC Firms for a Fintech Startup?

VC firms and angel investors have always been fighting the "perfect investor choice battle." While some think VC firms only fund growth-stage or early-stage startups, that isn't the only thing that sets them apart. Here are three major differences.

1. Investment size

Angel investors usually provide smaller amounts, which makes them a good fit for seed or early-stage funding. The Center for Venture Research reported an average angel deal size of $339,390 in 2023, which is the total raised in a deal, usually from several angels.

Venture capitalists, on the other hand, mostly invest much larger sums, which makes them more suitable for later-stage companies that need significant capital to scale quickly.

In both cases, exceptions exist, and many VC firms and angel investors invest at different stages of a startup.

2. Involvement and control

Angels are often more hands-on with mentorship, providing guidance and industry expertise. They are also more flexible and may not demand board seats or extensive control.

VCs often require more influence over the company, typically securing board positions and taking part in strategic decisions to protect their larger investments.

3. Risk tolerance

The biggest difference between angel investors and VC firms is risk tolerance. Angels tend to have a higher risk tolerance. They are often willing to back startups based on the strength of the founder's vision or early-stage potential, even when the company has little to no revenue.

In contrast, VCs are more risk-averse and prefer startups with proven traction, such as early product-market fit or customer acquisition, that are positioned for scaling.

Which Massachusetts Fintech Investor Should You Pitch First?

Start with the investors whose stage matches your round. If you are early and need a smaller round, look at the angel and angel-group names above, plus Underscore VC and Accomplice, which write early checks. F-Prime Capital says it backs teams at any stage, so it can fit a wider range of rounds.

To build a longer list, browse fintech investors in Massachusetts in the database and filter by stage. A warm introduction usually beats a cold email, and our guide on getting a warm introduction to investors shows how to get one. If you would rather skip the manual research, the AI Fundraising Agent matches your startup with investors from the database and drafts your first outreach emails.

Frequently Asked Questions