Search Results for "Andreessen Horowitz"
12 results for "Andreessen Horowitz"
Deals 12
Spade Raises $40M Series B for Payment Transaction Data Infrastructure
Spade, a U.S.-based data infrastructure startup, raised $40 million in Series B funding led by Oak HC/FT. Andreessen Horowitz and Y Combinator also backed the round. Spade converts raw payment transaction data into structured data with 99.9% coverage of U.S. and Canadian merchants.
Mercury Raises $300M Series C at $3.5B Valuation for Business Banking
Mercury, a business banking platform, raised a $300M Series C at a $3.5B valuation. The round was led by Sequoia Capital with participation from Spark, Marathon, Coatue, CRV, and a16z. Mercury provides banking infrastructure and services for startups and businesses, making it a significant embedded finance player.
ModernFi Raises $18.7M Series A for Bank Deposit Management Platform
ModernFi, a deposit management platform for community and regional banks, raised $18.7M in a Series A led by Canapi Ventures with participation from Andreessen Horowitz. Total funding now exceeds $23M. The platform helps banks grow and manage deposits, a key banking infrastructure function.
Synctera Raises $15.5M Series A Extension for BaaS Sponsor-Bank Network
Synctera, a BaaS platform that builds sponsor-bank networks, raised $15.5M in a Series A extension led by Andreessen Horowitz (a16z) and Neo. The round brought total funding to $36M. The investment came amid growing regulatory scrutiny on BaaS partnerships and sponsor-bank relationships.
Cross River Bank Raises $620M at Over $3B Valuation
Cross River Bank, a leading BaaS provider, raised $620 million in a funding round valuing the company at over $3 billion. The round was led by Eldridge and Andreessen Horowitz with participation from T. Rowe Price, Whale Rock, and Hanaco Ventures. The capital will fuel expansion in payments, lending, and banking-as-a-service for its 80+ fintech partners including Affirm, Coinbase, and Stripe.
Mobile Bank Current Raises $220M Series D at $2.2B Valuation
Current, a mobile banking and payments platform, raised $220M in a Series D round led by Andreessen Horowitz, tripling its valuation to $2.2 billion. The round brought total funding to $402.4M. Current offers embedded banking services including direct deposit, debit cards, and savings features targeted at underbanked consumers.
Moov Financial Raises $27M Series A for Embedded Banking Platform
Moov Financial raised $27 million in a Series A round led by Andreessen Horowitz (a16z). The company provides an open-source embedded banking platform enabling businesses to send, receive, and store money. The round positions Moov to expand its developer-focused infrastructure for embedded financial services.
Mercury Raises $20M Series A for Startup Banking Service
Mercury, a banking-as-a-service platform for startups, raised $20 million in Series A funding led by CRV with participation from Andreessen Horowitz. The round valued the company at $100 million post-money. Mercury had seen rapid growth since its April 2019 launch, with 1,500 signups in its first week and 40% monthly growth.
Visa Launches Fintech Fast Track Program in the U.S.
Visa launched its Fintech Fast Track program in the U.S. on July 31, 2019, enabling fintech startups to integrate with VisaNet more quickly. The program partners with major VCs like Andreessen Horowitz and Ribbit Capital, and includes BaaS providers Green Dot and BBVA Open Platform. It targets fintechs in payments, lending, and money management, offering simplified access to Visa's network, security, and global reach.
Synapse Raises $33M Series B Led by Andreessen Horowitz for BaaS Platform
Synapse, a banking-as-a-service platform providing payment, deposit, lending, and investment APIs, raised $33 million in Series B funding led by Andreessen Horowitz. Trinity Ventures and Core Innovation Capital also participated. The company had over three million clients using its cloud-based financial infrastructure tools.
Plaid Raises $250M Series C at $2.65B Valuation for Banking API Platform
Plaid, a banking API infrastructure company, raised $250 million in a Series C round at a $2.65 billion valuation, led by Mary Meeker of Kleiner Perkins. New investors included Andreessen Horowitz and Index Ventures, bringing total funding to $310 million. Plaid's APIs connect fintech apps like Venmo, Robinhood, and Coinbase to over 10,000 U.S. and Canadian banks, powering apps used by 25% of U.S. bank account holders.
Cross River Bank Raises $100M in Round Led by KKR
Cross River Bank, a Banking-as-a-Service provider for fintechs, raised approximately $100 million in a funding round led by KKR. The round included $75 million in equity from KKR with participation from CreditEase, LionTree Partners, Battery Ventures, Andreessen Horowitz, and Ribbit Capital. The investment underscores growing investor interest in BaaS infrastructure banks that power fintech lending and payments.