Amount$29M
Post-money valuation$500M
SeriesSeries A
AnnouncedJan 8, 2023
SectorBanking, Digital, Fintech
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series A round (2.6×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series A rounds (995)
Round size distribution82th pct
smaller Series A roundslarger
Post-money valuation79th pct
$12Mthis round: $500M$1B
