Tagged: ft partners

Digital Bank Varo Raises $510 Million Series E at $2.5 Billion Valuation

Varo Bank, one of the first, nationally chartered digital banks in the US, has raised a $510 million Series E funding round. The capital was raised at a valuation of $2.5 million, according to reports. Once again, FT Partners was the exclusive advisor for the… Read More

Upgrade Gets $3.325 Billion Valuation in $105 Million Funding Round

Upgrade has raised $105 million in a Series E funding round at an upsized valuation of $3.325 billion according to a company release. Koch Disruptive Technologies (KDT), the investment subsidiary of Koch Industries, led the funding with both new and existing investors participating in the… Read More

B2B Payments Fintech Nium Secures $200M via Series D led by Riverwood Capital, Advised by FT Partners

Nium, an established B2B payments platform, reveals that they’ve acquired $200+ million through a Series D round that was led by Riverwood Capital – a U.S.-based “high-growth” technology investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and various… Read More

Big Money: Once Again, FT Partners Plays Key Role in Fintech Transaction Acting as Exclusive Advisor to Revolut Funding Round

Once again, leading Fintech investment bank FT Partners has played a key role in an outsized funding round in the Revolut transaction. As was reported earlier today, Revolut raised $800 million at a whopping $33 billion valuation. The funding was led by SoftBank – Tiger… Read More

Payments Fintech DailyPay, which Provides On-Demand Pay Solutions to Firms, Secures $500M in Capital

DailyPay, the provider of on-demand pay solutions for enterprises, has acquired $500 million in capital. DailyPay has completed a $175 million Series D equity round that was led by Carrick Capital Partners along with contributions from existing investors. DailyPay has also secured $325 million of… Read More

Digital Banking Unicorn Revolut Is Reportedly Planning New Round of Funding, Could Value Fintech at Over $10B

The founder of digital banking challenger Revolut is reportedly planning a new round of funding that could value the Fintech at over £7.2 billion (appr. $10 billion). Sky News reports that the digital bank may be looking to work with  FT Partners, the US-headquartered Fintech-focused… Read More

Payments Platform-as-a-Service PPRO Raises $180 Million

PPRO, a payments as a service provider based in London, has raised $180 million in financing led by Eurazeo Growth, Sprints, Wellington, and “one of the world’s largest asset managers” who remains unnamed. This most recent funding round arrives after six months when the company… Read More

Fintech Unicorn Mambu, a Banking as a Service Firm, Raises Solid €110 million Funding Round

Mambu, a Fintech that offers a Banking as a Service platform, has raised a significant €110 million ($134 million) funding round led by TCV a venture firm that has invested more than $2.5 billion in Fintech. John Doran, TCV General Partner, will join the Mambu… Read More

Report Touts Landmark Regulatory Changes Impacting Private Markets While Providing Insight into Operations of SeedInvest

FT Partners, the leading Fintech focused investment bank in the US, has posted a presentation that covers the investment crowdfunding sector while incorporating a Q&A with SeedInvest founder and CEO Ryan Feit. SeedInvest is also a FINRA regulated broker-dealer and has been approved for an… Read More

Fintech M&A Market Appears to be Recovering After Struggling in H1 2020 due to COVID

  The Fintech mergers and acquisitions (M&As) market appears to be rebounding from the COVID-19 pandemic. As reported by Financial Planning, the Wealthtech sector seems to be recovering after the Coronavirus crisis had put many deals on pause. RightSize Solutions, a company offering cybersecurity and… Read More

Finovate: Renaud Laplanche Selected as Fintech Executive of the Year, Lisa Kimball Fintech Woman of the Year

Finovate has announced its selection of individuals and firms in the Fintech sector that have had an exemplary year. This is the group’s second go at doing the Finovate Awards and this year is obviously a bit different due to the ongoing pandemic shifting events… Read More

Digital Currency Group, Parent of Genesis, Commits $25 Million to Circle

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

Remitly Raises $85 Million at $1.5 Billion Valuation as Business Booms During COVID

Remitly, a Fintech providing transfers targeting the immigrant community, has raised $85 million at a $1.5 billion valuation. Remitly said its business is booming during the COVID-19 pandemic. FT Partners served as the financial advisor to Remitly on this transaction with existing investor PayU leading… Read More

Mastercard Acquires Finicity, an Open Banking and Data Fintech

Mastercard (NYSE: MA) announced on Tuesday it has entered into an agreement to acquire Finicity, a real-time financial data and insights access provider providing open banking tools – an area of growing importance for financial services firms.. Mastercard revealed the purchase price was $825 million,… Read More

Upgrade Closes $40 Million Series D, Values Company at Over $1 Billion, Advised by FT Partners

Upgrade, Inc., has closed on a $40 million Series D funding round led by VC fund Santander InnoVentures – part of the global banking firm Santander Group. The new funding gives Upgrade a valuation of over $1 billion. FT Partners, the top Fintech focused investment… Read More

SPAC: Nebula Acquisition Corporation Acquires Open Lending Closes

Nebula Acquisition Corporation (NEBU), a special purpose acquisition company (SPAC) sponsored by True Wind Capital, has closed on its acquisition of Open Lending, a company that provides automated lending services to financial institutions. Open Lending specializes in loan analytics, risk-based pricing, risk modeling, and automated… Read More

Fintech Marqeta Raises $140 Million at Huge $4.3 Billion Valuation

Advised by Fintech investment bank FT Partners, Marqeta has raised $150 million at a valuation of $4.3 billion vaulting the company higher in the ranks of both global and US Fintech unicorns. The investment was led by one of the world’s largest asset managers coming… Read More

SharesPost and Forge Global Merge to Create Supersized Private Securities Marketplace

SharesPost and Forge Global have announced a merger of the two firms thus creating one of the largest private securities marketplaces in the world. FT Partners facilitated the transaction. While pending the typical regulatory approval, an agreement is in place that should boost transaction volume… Read More

Revolut & Chime: Two Digital Bank Founders Talk About Building the Bank of the Future

Last week, FT Partners, a Fintech focused investment bank, held a Zoom presentation where more than 5,000 individuals registered to attend. The interest in the presentation was, of course, driven by the speakers: Nik Storonsky, founder and CEO of Revolut and Chris Britt, founder and… Read More

AvidXChange Closes on Additional $128 Million in Equity Funding

AvidXchange has closed on an additional $128 million in equity capital according to a company release. The money is an extension of a funding round from earlier this year that reported a $260 million investment thus bringing the total to $388 million. Investors included; Lone… Read More

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