Fintiv Valuation, Funding & Investors

Fintiv is valued at $2.4B as of October 2014.

Last Fintiv valuation

$2.4B

Series B · Oct 2014

Last Fintiv funding round

$185M

Series B · Oct 2014

Cumulative funding Fintiv raised

$319M

across 3 funding rounds

Key investors in Fintiv

  • Wellington Management
  • Employee Stock Option Fund
  • Mastercard
  • Tiger Management Corporation
  • H.R.H. Sheikh Nahyan

Fintiv Overview

About Fintiv

Fintiv is an Austin-headquartered technology firm offering white-label mobile financial services for unbanked consumers in emerging markets. Its suite includes mobile payments, bill pay, mLoyalty rewards, mVault for B2B remittances, and MoTEAF integration platform. The company serves mobile network operators, retailers, and governments in Mexico, Central America, the Caribbean, Middle East, Southeast Asia, and Africa. Founded in 2008, Fintiv processes millions of transactions monthly across web and app channels.


Founded

2008

HQ

United StatesAustin, TX

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Usage-based

Valuation

$2.4B (Oct 2014)

Fintiv Valuation

Fintiv is currently valued at $2.4B, based on its Series B in October 2014.

The $185M round included Tiger Management Corporation, Wellington Management, H.R.H. Sheikh Nahyan, Mastercard and Employee Stock Option Fund.

Fintiv valuation by funding round

Fintiv valuation by funding round
DateStageValuation
Oct 2014Series B$2.4B

Fintiv Funding History

Fintiv has raised a total of $319M across 3 funding rounds.

Fintiv's first fundraising round was a $30M undisclosed-stage round in December 2013. The most recent completed round was a $185M Series B in October 2014.

Fintiv funding rounds

Fintiv funding rounds
DateStageInvestorsRaisedValuation
Oct 2014Series BTiger Management Corporation; Wellington Management; H.R.H. Sheikh Nahyan; Mastercard; Employee Stock Option Fund$185M$2.4B
May 2014Series A-$104M-
Dec 2013Undisclosed stage-$30M-

Who has invested in Fintiv?

5 investors have backed Fintiv across its funding rounds, including Wellington Management, Employee Stock Option Fund, Mastercard, Tiger Management Corporation and H.R.H. Sheikh Nahyan.


Fintiv Investors

Investors in Fintiv by funding rounds participated
InvestorHQRoundsRoleFirst check
Tiger Management CorporationUnited StatesNew York City, NY1ParticipantOct 2014
Wellington ManagementUnited StatesBoston, MA1ParticipantOct 2014
H.R.H. Sheikh NahyanUAEUAE1ParticipantOct 2014

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Fintiv

Fintiv has acquired 4 companies to date.

Last acquisition by Fintiv was on July 21st 2015. Fintiv acquired GetCash for undisclosed valuation.


Latest Acquisitions by Fintiv

GetCash
PayEase
CorFire
StickyStreet
Description
GetCash Private Limited is a Zimbabwean mobile money platform compatible with all phone types and operators. Services accessible via SMS, IVR, web, and USSD enable payments, transfers, and financial transactions nationwide.
PayEase is a Shanghai-headquartered payment processor dominant in China with alliances to 23 major banks covering 90 percent of the market. It supports 63 credit and debit card types including Visa, Mastercard, JCB, and American Express across SMS mobile payments, internet banking, call centers, and POS terminals. Global offices extend its third-party processing to international merchants targeting Chinese consumers.
CorFire is an Atlanta, Georgia-headquartered provider of mobile commerce platforms as part of SK C&C USA. It equips mobile network operators, banks, and retailers with CorTSM for secure NFC provisioning, CorPay for mobile wallets handling payments and gifting, and CorMKT for loyalty programs and coupons. CorFire supports all SK mobile transactions in South Korea and supplied TSM technology to First Data for Google Wallet.
StickyStreet powers white-label loyalty, rewards, and gift card programs for agencies serving SMBs globally. White Rock-based in Canada, its API-driven SaaS platform supports custom-branded apps in languages like English, Spanish, Portuguese, Italian, Danish, Norwegian, Turkish, Georgian, and French, integrating with POS systems and mobile wallets.
HQ CountryZimbabweUnited StatesUnited StatesUnited States
HQ City
Harare
San Jose, CA
Alpharetta, GA
Washington, DC
Deal Date21 Jul 201510 Feb 201518 Dec 201413 Feb 2014
Valuationundisclosed$750Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Fintiv

Fintiv has invested in 1 company to date.

Latest investment by Fintiv was on February 4th 2015. Fintiv invested in SimplyTapp in their $3M Series B round.


Latest Investments by Fintiv

SimplyTapp
Description
SimplyTapp is a developer of cloud-based mobile payment platforms now operating as Gane, serving banks, card issuers, transit operators, and retailers. The Austin-headquartered company, founded in 2011, delivers tokenization, NFC wallet issuance, and payment authorization for enterprises including big-box stores, fuel stations, and quick-service restaurants. Solutions support EMV standards and integrate with mobile wallets for secure transactions.
HQ CountryUnited States
HQ City
Austin, TX
Deal Date4 Feb 2015
RoundSeries B
Raised$3M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Fintiv Competitors

Fintiv competitors include listed companies like Payoneer, StoneCo, Euronet Worldwide and Flywire, and private ones like Naver Financial Corp. and Momo.

Public and private companies comparable to Fintiv
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PayoneerIsraelIsraelPublicly listed$821M($43M)$2.4B2.0x
Naver Financial Corp.South KoreaSeongnamPrivate--$2.3B-
StoneCoBrazilBrazilPublicly listed$2.6B$965M$2.2B1.2x
Euronet WorldwideUnited StatesUnited StatesPublicly listed$4.2B$648M$2.5B0.7x
FlywireUnited StatesUnited StatesPublicly listed$623M$45M$2.2B2.6x
MomoVietnamHo Chi Minh CityPrivate--$2B-

Fintiv Public Comps

Fintiv is still privately-owned, but its public comps include Lakala, Payoneer, StoneCo, Euronet Worldwide, Pine Labs, Flywire, PagSeguro, Western Union, Alkami Technology and IDT.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lakala$827M$218M1.8x1.6x6.7x12.8x
Payoneer$821M($43M)2.6x2.0x(49.7x)7.5x
StoneCo$2.6B$965M1.3x1.2x3.6x2.2x
Euronet Worldwide$4.2B$648M0.7x0.7x4.9x4.2x
Pine Labs$250M$14M8.0x6.4x145.8x32.6x
Flywire$623M$45M3.0x2.6x41.8x11.9x
PagSeguro$4B$1.7B2.6x2.6x6.1x12.2x
Western Union$4.1B$926M0.5x0.5x2.1x2.2x

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Common questions about Fintiv

When was Fintiv founded?Fintiv was founded in 2008.
Where is Fintiv headquartered?Fintiv is headquartered in Austin, TX, United States.
Is Fintiv publicly listed?No, Fintiv is a private, VC-backed company.
What is Fintiv's valuation?Fintiv was last valued at $2.4B in its Series B in October 2014.
How much funding has Fintiv raised?Fintiv has raised $319M across 3 funding rounds.
What was Fintiv's last funding round?Fintiv's last funding round was a $185M Series B in October 2014.
Who are Fintiv's investors?Fintiv's investors include Tiger Management Corporation, Wellington Management, H.R.H. Sheikh Nahyan, Mastercard and Employee Stock Option Fund.
Which companies are comparable to Fintiv?Companies comparable to Fintiv include Payoneer, Naver Financial Corp., StoneCo, Euronet Worldwide, Flywire and Momo.
How many companies has Fintiv acquired?Fintiv has acquired 4 companies, including GetCash, PayEase, CorFire and StickyStreet.
What was the largest acquisition by Fintiv?The $750M acquisition of PayEase in February 2015 is the largest acquisition Fintiv has made to date.
How many companies has Fintiv invested in?Fintiv has invested in 1 company, including SimplyTapp.
What was Fintiv's last investment?In February 2015, Fintiv invested in SimplyTapp's $3M Series B.

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