TTV Capital Closes Fund VI for Early-Stage FinTech Investments
TTV Capital logo

TTV Capital Closes Fund VI for Early-Stage FinTech Investments

A major venture capital firm has announced the closure of its latest fund, which will invest in a number of growing FinTech startups. This week, TTV Capital announced the closure of its sixth fund (Fund VI), with a total of $250 million. Capital in this fund was contributed by both new and existing partners, including institutional and strategic investors. According to the firm, initial plans called for the fund to close at $150 million, but “overwhelming interest” led to the $100 million increase — making Fund VI the largest in the company’s two-decade history.

Fund VI will be utilized to invest in early-stage FinTech companies. In fact, TTV made 18 such investments in 2022, covering such areas as banking, payments, embedded finance, and Web3. On average, the firm’s initial investment for each was between $2 and $7 million. To date, TTV has more than 100 FinTech companies in its portfolio, including seven that have reached unicorn status. Some of the startups the firm has funded include Green Dot, Cardlytics, Greenlight, Hurdlr, and TaxBit among others, while some more recent investments include Payabli, Foro, Greenwood Bank, Scratch, and more.

Commenting on the latest news and what it means for the firm, TTV Capital’s co-founder and managing partner Gardiner Garrard said, “Fund VI represents an inflection point for all of us at TTV Capita. Twenty-three years ago, we took an early bet on how the technology behind financial services would evolve. Back then, we didn’t call it ‘FinTech’ – we just started investing in applications that were being built on the internet.”

Garrard continued, “We saw the digital transformation that was happening and we knew we wanted to be part of it. And now, as we look ahead, we’re still committed to finding the next class of enduring businesses that will shape the future of finance.”

Meanwhile, the firm’s partner Sean Banks stated, “Founders often tell us that our relationships, connections, and deep industry knowledge are most helpful to them as they grow their businesses. It’s a privilege to do what we do, and we’re especially proud of the reputation that we’ve built as a founder-friendly firm. We believe our FinTech expertise and years of experience in venture capital are the reasons why we’ve been able to drive strong returns for our limited partners amid different economic cycles.”

There’s no doubt that TTV Capital’s Fund VI is great news for the FinTech industry. At a time when the tech sector as a whole as well as financial technology startups specifically are seeing falling valuations and layoffs, it’s reassuring to see that there is still a strong interest in FinTech investment. Furthermore, while headlines are often dominated by “megarounds,” the companies that TTV often invests in may not be big names at the time but — partially thanks to TTV’s investment — have grown into major players. With this $250 million Fund VI, it will not be interesting to see which startups TTV Capital chooses to invest in next.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...