AvidXchange (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses, has been sold for $2.2 billion. The purchaser was a group led by TPG (NASDAQ: TPG), an alternative asset manager with around $250 billion in AUM. Corpay (NYSE:… Read More
Read more in: Fintech | Tagged accounts payable, acquisition, avidxchange, ft partners, payments, tpg
TPG (NASDAQ: TPG), a global alternative asset management firm, and Temasek, a global investment company headquartered in Singapore, announced a definitive agreement to make a “substantial minority investment in Cliffwater LLC, an independent alternative investment adviser and fund manager.” TPG’s investment will be made “through… Read More
Read more in: Global, Asia | Tagged alternative assets, investments, temasek, tpg
BillEase, the digital consumer finance platform in the Philippines, today announced TPG’s The Rise Fund has signed definitive documentation to lead a significant strategic investment in the company. With the investment, The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, is leading… Read More
Read more in: Asia, Fintech | Tagged BillEase, Philippines, the rise fund, tpg
Rialto Markets, a broker-dealer that specializes in online capital formation, has announced a partnership with Rubicon Carbon, LLC. Rialto will serve as the tech provider for the issuance of the assets. According to a note from the firm, the partners will launch market-based products for… Read More
Read more in: Investment Platforms and Marketplaces | Tagged carbon credits, joel steinmetz, rialto, rialto markets, shari noonan, tpg
Varo Money, a digital challenger bank, has closed a $45 million Series B funding round led by existing investor Warburg Pincus and The Rise Fund, a global impact fund led by private equity firm TPG. Varo said that 30 other investors participated in the round… Read More
Read more in: Fintech | Tagged challenger bank, colin walsh, david coulter, the rise fund, tpg, varo money, warburg pincus
Less than two months after announcing its integration with PayPal, micro-investing app Acorns has received an investment from TPG’s global investment fund, The Rise Fund. The company reported that this is The Rise Fund’s first social impact investment in fintech. While sharing more details about the investment, Noah… Read More
Read more in: Fintech | Tagged acorns, noah kerner, the rise fund, tpg
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