Amount$40M
Post-money valuation$190M
SeriesSeries B
AnnouncedAug 28, 2013
SectorFintech, Payments
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
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 valuation18th pct
$35Mthis round: $190M$2.6B
vs. Fintech, Payments (11)
Round size in sector82th pct
$900Kthis round: $40M$40M
