1. Confidential
BainCapital Ventures
Matt Harris
mharris@baincapitalventures.com
Phone: (212) 822 2910
Financial Technology & Services

2. BainCapital Ventures
BCV - Fin Services & Tech Presentation v2
Sector Focus
Bain Capital Ventures
PaymentsPayments
CreditCredit
Capital MarketsCapital Markets
InsuranceInsurance
Acquired (Google)
Acquired (Jack Henry)
*Includes investments made by current BCV MD’s while at other firms

3. BainCapital Ventures
BCV - Fin Services & Tech Presentation v2
Bain Capital Ventures
Accounts Receivable
3
Accounts Payable
Large
Enterprises
Small &
Medium
Enterprises
Large
Enterprises
Small &
Medium
Enterprises
Billing/Invoicing:
Payment Acceptance:
*Companies are not necessarily comprehensive; instead meant to be example companies
Purchase to Pay:
Supply Chain
Finance
Payments:
Cross Border Payments:
Dynam
ic
Discounting
EDI
Information Flow
Payments Flow
B2B Payments Landscape

4. BainCapital Ventures
BCV - Fin Services & Tech Presentation v2
*Chart is a combination of Capital IQ data/categorization and Bain Capital Ventures analysis
0.0x
0.5x
1.0x
1.5x
2.0x
2.5x
3.0x
3.5x
5/21/2003
5/21/2004
5/21/2005
5/21/2006
5/21/2007
5/21/2008
5/21/2009
5/21/2010
5/21/2011
5/21/2012
5/21/2013
6%
12%
CAGR
IndexedMarketCap(to2003)
FInsurgents
FinTech
Banks 5%
(03-13)
Pre financial
crisis
Financial
crisis
Financial
recovery
Bain Capital Ventures Finsurgents