Payments has emerged as one of the most heavily funded verticals in crypto this year, with 46 rounds totalling $3.47 billion raised in 2026 alone. The scale of capital concentration signals that institutional and venture money is treating crypto-native payments infrastructure as a core bet, not a speculative side pocket.
BVNK leads the cohort by a wide margin at $1.8 billion, followed by Reap at $645 million and Rain at $250 million. The rest of the top ten — Slash ($100M), OpenFX ($94M), KAST ($80M), Mesh ($75M), Fun ($72M), ARQ ($70M), and Pomelo ($55M) — collectively add another $546 million, rounding out a remarkably dense funding cluster.
The breadth of the top ten matters as much as the headline figure: the capital is spread across infrastructure layers, B2B settlement rails, card-linked products, and cross-border FX, suggesting investors are backing the full payments stack…