Amount$50M
Post-money valuation$1.5B
SeriesSeries E
AnnouncedAug 13, 2015
SectorFintech, Payments, Tax
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series E round.
Syndicate size
2 investors on the cap table.
Insider conviction
2 existing investors re-upped — insiders doubling down.
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 E rounds (478)
Round size distribution19th pct
smaller Series E roundslarger
Post-money valuation37th pct
$103Mthis round: $1.5B$10.2B
vs. Fintech, Payments, Tax (6)
Round size in sector67th pct
$2Mthis round: $50M$300M
