Search Results for "Coatue"
5 results for "Coatue"
Deals 5
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.
FIS Acquires BaaS Startup Bond to Bolster Embedded Finance
FIS completed the acquisition of Bond, a Banking-as-a-Service startup founded in 2019, for an undisclosed sum. Bond had previously raised $42 million in total funding and was valued at $182 million during its 2020 Series A. FIS described the deal as a strategic move to close a gap in its embedded finance capabilities. The acquisition brings experienced BaaS professionals into FIS's organization.
BaaS Platform Unit Raises $100M Series C for Embedded Finance
Unit, a NYC-based Banking-as-a-Service platform, raised $100M in a Series C round led by Coatue Management, reaching a valuation of approximately $1.2B. The company had previously raised $158M and focuses on enabling embedded finance for SMBs. The round was notable as the largest BaaS funding event in March 2023 amid a broader fintech funding downturn.
Bond Financial Technologies Raises $32M Series A for BaaS Platform
Bond Financial Technologies, a BaaS platform enabling sponsor banks to onboard and scale brand partners, raised $32 million in Series A funding. The round was led by Coatue with participation from Goldman Sachs and Mastercard. The investment positions Bond to help banks navigate credit losses and low interest rates through fintech partnerships.
Marqeta Raises $260M Series E at Nearly $2B Valuation
Marqeta raised $260M in Series E funding led by Coatue Management, valuing the modern card issuing platform at nearly $2B. The API-driven issuer processor enables fintechs and enterprises to launch and manage card programs. Funds will support global expansion, including a new London office.