Amount$40M
Post-money valuation$300M
SeriesSeries B
AnnouncedFeb 13, 2019
SectorPayments, Fintech
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution63th pct
smaller Series B roundslarger
Post-money valuation25th pct
$35Mthis round: $300M$2.6B
vs. Payments, Fintech (6)
Round size in sector17th pct
$40Mthis round: $40M$500M
