SAN FRANCISCO and LAS VEGAS, Oct. 27, 2015 /PRNewswire/ -- (MONEY20/20) - Financial Technology Partners LP and FTP Securities LLC (together "FT Partners"), the leading investment bank focused exclusively on FinTech is pleased to announce its role advising Marqeta on its $25 million Series C financing. Marqeta is a leading issuer processor and program manager for card and mobile-based payments programs. Joining the round are new investors IA Capital, Commerz Ventures and Max Levchin, CEO and Co-Founder of Affirm. Additional investors include existing backers 83North, Granite Ventures and Commerce Ventures.
The Marqeta capital raise is FT Partners' 12th announced transaction just since June including BlackRock's acquisition of FutureAdvisor, $310 million sale of Currencies Direct, $300 million financing for GreenSky, $135 million financing for Kabbage, $225 million AvidXchange financing, $100 million Chrome River financing and BillGuard's sale to Prosper, among others. This unprecedented string of transactions further highlights FT Partners role as the leading advisor to the FinTech sector.
FT Partners was founded in 2001 with the goal of providing world-class investment banking expertise to fast growing tech companies disrupting the financial services marketplace. As the firm enters its 15th year of business, FinTech has become as one of the fastest growing sectors driving innovation and FT Partners has emerged as the leader in raising capital and advising on critical M&A deals in the sector. With nearly $19 billion of capital raised year to date across the industry, overall financing activity in FinTech has already surpassed 2014 levels and is up nearly three-fold over 2013. Advising on well over a $1 billion of transaction value and a rapid pace of one deal announcement every ten days since June demonstrate the scale and reach FT Partners has obtained in connecting our clients with world class investors such as DST, TPG, Bain Capital Ventures, Wellington Financial, BlackRock, Great Hill Partners among many others.
Please visit www.ftpartners.com for more information or follow us on Twitter (www.twitter.com/ftpartners) for real-time updates on transactions, industry research, news, and frequent transaction profiles covering FinTech.
About FT Partners
FT Partners is the only investment banking firm focused exclusively on providing strategic and financial advisory services to clients and CEOs in the dynamic global financial services and technology sector. The firm offers strategic advisory services in mission-critical transactions including mergers, acquisitions, IPOs, LBOs, refinancings, recapitalizations and private capital raises. FT Partners' Managing Partner, Steve McLaughlin, formerly was a senior investment banker in Goldman, Sachs & Co.'s Financial Technology Group and was the senior investment banker in the Financial Institutions Group in San Francisco before leaving the firm to form FT Partners in late 2001. San Francisco-based FT Partners has the largest and most senior group of dedicated bankers focused on FinTech. Any securities related transactions contemplated by or acted upon hereunder are conducted by FTP Securities LLC, a FINRA broker-dealer and a wholly-owned subsidiary of Financial Technology Partners LP. For additional information, please visit www.ftpartners.com.
SOURCE FT Partners