Search Results for "Coatue Management"
4 results for "Coatue Management"
Deals 4
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.
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.