Founded as an investment firm focusing on the most promising startups, we have evolved into a unique set of private market funds investing globally in equity and debt across complementary sectors and stages. We fuse traditional values with a contemporary approach and balance exacting processes with the agility to capture commercial opportunity and compelling investment returns. Our continuous search for new opportunities has led us to create a balanced collection of complementary funds and relationships.

Salica

Better Tomorrow Ventures is a fintech-focused early-stage venture firm. The venture firm was founded in 2020 and based in San Francisco, California.

Better Tomorrow Ventures

Bain Capital Ventures invests in seed to growth-stage startups that are using tech to disrupt existing markets or create entirely new ones.  The firm invests from seed to growth in enterprise software, infrastructure software, and industries being transformed by data.  Bain Capital Ventures has helped launch and commercialize 200-plus companies since 2000, including investments in DocuSign, Jet.com, Kiva Systems, LinkedIn, Rapid7, SurveyMonkey, Taleo, and TellApart. Bain Capital Ventures has more than $5.2 billion of assets under management with offices in San Francisco, New York, and Boston.

Bain Capital Ventures

Founded in 2018, Fin Capital is a global asset manager focused on full lifecycle investing in B2B Fintech Software companies. Fin Capital is passionate about rolling up its sleeves and partnering with repeat entrepreneurs that have deep financial services experience, differentiated products, and a global mindset. Fin is headquartered in San Francisco, with offices in Los Angeles, London, Miami, and New York. To learn more, visit www.fin.capital.

Fin Capital

Four Cities Capital is a global seed and series A investor. It feels strongly that the impact of technology and software on the global economy remains in its early stages. Major global industries and significant portions of humanity remain structurally unaffected by the digital revolution and the recent emergence of massively disruptive technologies based on biology, new materials, and artificial intelligence/unmanned systems.

Four Cities Capital

We support the best teams in fintech and defi today.

The Fintech Fund

Motive Partners is a sector-specialist investment platform with expertise, connectivity, and capabilities to create long-term value in financial technology businesses. It exists as an investment firm focused exclusively on financial technology to back and build the future of financial technology to positively transform markets, models, and society. The company was founded in 2016 and is headquartered in New York.

Motive Partners

Unusual Ventures is a seed-stage venture capital offering hands-on support and expertise to startups on their early-stage journey.  It was founded in 2018 and is based in Menlo Park, California.

Unusual Ventures

Clocktower Technology Ventures invests in the insurance, payments, personal finance, lending, credit, and asset management sectors. The firm’s expertise investing across financial services and its related ecosystem of global institutional allocators, policymakers, and hedge fund managers have created a community that offers a distinct value-add to portfolio companies. Since launching, Clocktower Technology Ventures has invested in 96 fintech companies in North America, Europe, and Latin America. It was founded in 2015 and headquartered in Santa Monica, California.

Clocktower Technology Ventures

D4 Ventures is an investment vehicle founded by Hanzade Dogan.

D4 Ventures

Navro

Navro provides payment and banking infrastructure for software companies. Paytrix builds a regulated curation layer into their network, integrating financial infrastructure to allow companies to immediately grow their payments operations internationally.

<div>Navro (formerly known as Paytrix) offers an application programming interface (API) for users to accept payments through a range of methods. It also offers a global payout network. The company negotiates terms with tier-one banking partners and locally integrated payment partners across more than 200 countries and 133 currencies (as of March 2023) to enable it to integrate directly with local payment schemes and offer real-time FX and instant settlement.&nbsp;</div>

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Navro founder: Finding a co-founder you can trust

<div>
 
 Navro (formerly known as Paytrix) offers an application programming interface (API) for users to accept payments through a range of methods. It also offers a global payout network. The company negotiates terms with tier-one banking partners and locally integrated payment partners across more than 200 countries and 133 currencies (as of March 2023) to enable it to integrate directly with local payment schemes and offer real-time FX and instant settlement.&nbsp;
 
 
 Users can reportedly connect Navro&rsquo;s settlement infrastructure to any payment service provider (PSP), acquirer, or alternative payment method and receive payments in local currency. Furthermore, the infrastructure also lets users connect to a payout ecosystem and enable multi-party payments in real time.
 
 
 In February 2024, Navro secured an Electronic Money Institution (EMI) license from the Central Bank of Ireland to offer secured global payment services in compliance with regulatory requirements across the EU. The company has also obtained an EMI license in the UK from the Financial Conduct Authority (FCA) to strengthen its governance structure and expand its service reach.
 
 
 Funding and financials
 
 
 In February 2024, Navro raised USD 14 million in funding through an 
 <a href="https://sp-edge.com/updates/26564">
 internal investment round
 </a>
 co-led by Bain Capital and Unusual Ventures. The company earmarked the funds to enhance its reserves and meet the capital requirements of tier-one regulators, clients, and banks.
 
</div>

Cross River Bank provides a white-label banking-as-a-service (BaaS) platform for enterprises, combining banking services, payments, and marketplace lending infrastructure to build fintechs. Its solutions comprise demand deposits, savings accounts, credit and debit cards, and payment clearing services, including automated clearing house (ACH) and real-time payments. The company also provides banking and payment infrastructure for the crypto industry, including risk management services for its crypto clients. Key customers and partnerships As of December 2020, the company had over 400 employees, and had entered into more than 30 partnerships. Moreover, as of March 2021, the platform had been used to support over 375,000 small businesses through the paycheck protection program (PPP).Cross River Bank teamed up with UK-based BaaS provider <a href="https://sp-edge.com/companies/421515">Railsr </a>in January 2019 to launch a common API for their platforms to be used globally. As of April 2022, Cross River had over 80 clients including lenders such as Affirm, Best Egg, and Upstart, neobanks such as <a href="https://sp-edge.com/companies/220119">Revolut </a>, and blockchain-based payment processing platform GreenBox. The platform reportedly originated over USD 24 billion in loans per annum, around 10x the value of loans it originated in 2015. Cross River Bank has expanded its operations by acquiring Betterfin, a platform offering lending-as-a-service (LaaS) solutions, in November 2021. Through the acquisition, Cross River Bank leveraged Betterfin’s software to digitize parts of the small-business lending process (such as origination and underwriting).The company partnered with <a href="https://sp-edge.com/companies/1643">American Express </a>(Amex) to enable FinTechs to issue credit cards through Cross River Bank, on the Amex network, while also providing select Amex benefits to the FinTechs.Funding and financials The company <a href="https://sp-edge.com/updates/9458">raised USD 620 million in funding </a>co-led by Eldridge and a16z, at a valuation of over USD 3 billion, to invest in product developments, recruitment, international expansion, and boosting strategic partnerships.

Cross River Bank

Synctera was co-founded in 2020 by Peter Hazlehurst, the former head of Uber Money, who previously led the development of Google Wallet. The company offers an API-based infrastructure platform for community and regional banks to find and partner with FinTechs. This enables FinTechs to leverage the former’s licenses to embed FDIC-insured mobile checking, debit cards, savings accounts, and payment innovations, among other features. The API platform offered to the banks will then be sold to the FinTechs to code on. Although the end customers interact with the FinTechs, they legally belong to the bank.<a href="https://sp-edge.com/updates/8117">Synctera mainly charges the banks </a>based on the interchange fees they earn (half of the interchange fees, as of January 2022) from the services provided. It does not charge them an initial amount to use the platform. Moreover, the platform also embeds fraud-as-a-service and charges FinTechs on a per transaction basis (4 cents per transaction) should they choose to use it. It subsequently shares that revenue 50/50 with the banks.The company launched the “t-minus10” project in January 2022, which offers a live sandbox for FinTechs to build apps, test, and go to market, enhancing their access to banking partners. It subsequently launched a “Smart Charge Card” (APIs to build, launch, and issue charge cards) and “White-label Banking App” (a codebase for developers to build embedded banking products or neobank apps) infrastructure in October 2022.Key customers and partnershipsIn February 2022, Lineage Bank (a community bank in Tennessee) and GoGetr (FinTech aiming to promote health and wealth management) became the first companies to launch a banking solution using the Synctera platform. As of March 2023, the platform was working with around 50 fintechs, of which 14 were live (including Wayapay and Float). Synctera reportedly had over 20 implementations set for launch in the following two months.Synctera announced a new card issuing and management infrastructure offering (Card-as-a-Service), in July 2021, which it developed in partnership with Mastercard and leading card issuing infrastructure disruptor, <a href="https://sp-edge.com/companies/64287">Marqeta</a>.Funding and financialsIn March 2024, Synctera raised USD 18.6 million in <a href="https://sp-edge.com/updates/27244">Series A1 extension</a> co-led by Lightspeed and Fin Capital. The company earmarked the funds to support business growth by facilitating more complex use cases across the US and international markets. The company also <a href="https://sp-edge.com/updates/16980?industryIds=53">raised USD 15 million</a> in funding led by NAventures in March 2023, to invest in expanding the platform’s use cases and broadening its geographic footprint beyond the US (including expanding to Canada). Meanwhile, Synctera has also partnered with the National Bank of Canada to enable companies to launch FinTech apps and embedded banking products in Canada.

Synctera

Based in the UK, Weavr, formerly known as Open Payments Cloud, was spun out of payment provider Ixaris in 2019. Weavr offers the infrastructure for enterprises to embed banking services across various industries, including education, fitness, logistics, etc. Weavr’s “Meta” platform combines multiple banking and payments partners in one platform through application programming interfaces (APIs). Using the APIs, enterprises can embed virtual banking services such as card payments, fund transfers, and international banking accounts.Weavr expanded its operations to Singapore in November 2022, as part of its global expansion plans.Key customers and partnershipsAs of July 2021, Weavr’s customers included Finway, Thanks Ben, and MySkillCamp, among others.In October 2019, Weavr partnered with payment service providers Global Processing Services (GPS), Paynetics, and iDenfy to enable developers to create and run sophisticated and streamlined payment experiences for their European customers through Weavr.Funding and financialsWeavr <a href="https://sp-edge.com/updates/8647?industryIds=53">raised USD 40 million </a>in Series A funding in February 2022, led by Tiger Global, less than a year after <a href="https://sp-edge.com/updates/4166">raising GBP 4 million (USD 5.5 million) </a>in seed funding in July. The funds were earmarked for business development and recruitment to support Weavr’s expansion to the US market, while also supporting its continued expansion in the UK and Europe.

Weavr

MX offers an open finance portal, data connectivity application programming interface (API), and MX platform API for banks, credit unions, and other financial service providers. The company’s solutions allow its clients to utilize financial data to reduce fraud, approve loans faster, and improve their customer experiences. In addition to APIs and connections, MX also offers a range of capabilities, including data aggregation, analytics, financial feed insights, wealth and investment services, and verification services. MX looks to enable banks and financial institutions to launch next-generation services and apps that automate and personalize financial experiences. As of January 2021, the company noted that it worked with more than 2,000 banks, credit unions, and FinTech companies, and its platform reached over 200 million end-users. Moreover, it also powered 43 of the top 50 digital banks as of the same period. In <a href="https://sp-edge.com/updates/8753?industryIds=53">February 2022, MX partnered </a>with <a href="https://sp-edge.com/companies/361160">Rize </a>, to enable users to access Rize’s banking infrastructure to build, launch, and scale financial products through a single API, thereby reducing the development time and cost. In January 2021, MX raised USD 300 million in a Series C funding round led by TPG Capital, at a valuation of USD 1.9 billion. The newly raised funds are to be invested in improving MX’s capabilities, expanding its global presence, and increasing its workforce. In January 2021, MX noted that its headcount tripled over the past two years, reaching 550 staff members. The company appointed Shane Evans as interim chief executive officer (CEO) in January 2022, to prepare the company for an IPO or sale (at a valuation of over USD 5 billion) and oversee its growth.

Bankable is a banking-as-a-service (BaaS) infrastructure provider allowing financial institutions and corporations to utilize its API to integrate banking services. It provides a platform for its enterprise customers to offer modular banking services, including ledger management (process data from multiple banks to support cash management for global corporate affairs), digital banking, payment cards, and e-wallets. The company expanded its platform by <a href="https://sp-edge.com/updates/19662">acquiring Arex Markets </a>in June 2023, to embed working capital solutions (such as flexible invoice financing, corporate credit cards, lodged cars, and revolving credit). The company has a global presence, with operations spanning from the US to the Middle East as of January 2021. Bankable noted that the expansion of its global footprint also helps its European and US FinTech clients expand their operations internationally. Key customers and partnerships In January 2020, the company partnered with the diversified FinTech infrastructure provider <a href="https://sp-edge.com/companies/85350">Plaid </a>, which enabled Bankable’s customers to use Plaid’s tech to connect to more than 15,000 banks in the US and Europe. Funding and financialsIn April 2019, <a href="https://sp-edge.com/companies/13061">Visa </a>invested an undisclosed sum in Bankable and entered a partnership with the startup. Through the partnership, Visa members obtained access to Bankable’s platform, while Bankable used VisaNet (Visa’s electronic global payments network) to extend its international payment and banking solutions.

Bankable

Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Platforms that enable FinTechs to integrate a range of payment-related services such as one-time payments, subscriptions, and receipt management for domestic and cross-border transactions.


Companies that enable organizations to embed anti-money laundering (AML), identity verification, and know-your-customer (KYC) solutions.


Platforms that allow FinTechs to integrate lending services,  by typically applying AI/ML technology to a spending analysis to analyze creditworthiness.

Companies providing APIs and integrations for FinTechs to access securities markets, facilitate transactions and clearing, and provide insights to help end-users manage their finances.

May specialize in promoting inclusiveness in financial services, primarily in the investment and lending spaces

AI/ML can improve the quality of their offerings, such as using AI/ML to reduce biases

Used for payment completions, accessing banking and transaction data, and providing financial insights, among others

<div>
 
 London-based payments management platform Navro (formerly Paytrix) has raised USD 14 million in an internal investment round. The funding was co-led by Bain Capital and Unusual Ventures, and also saw participation from Motive Partners and Fin Capital. This comes almost a year after Navro raised <a href="https://sp-edge.com/updates/17396">Series A funding</a>, bringing the company's total funding to USD 38 million.
 The funds will be utilized to bolster Navro's reserves and to meet the capital requirements of regulators, clients, and banks. 
 In addition to the funding, Navro secured an Electronic Money Institution (EMI) license from the Central Bank of Ireland, enabling them to provide secured global payment services that meet regulatory requirements across the European Union. The company also recently obtained an EMI license in the UK from the Financial Conduct Authority (FCA), strengthening its governance structure and expanding its service reach.
 
</div>

Navro

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