Funding round
EBANX Growth
Reported as "Growth Equity"
EBANX, which works in cross-border payment solutions in Curitiba, raised $430M in a Growth round announced on 15 Jun 2021, led by Advent International. 2 firms took part. It is EBANX's second venture round on record; the one before was a Growth in Dec 2017.
$430M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
EBANX did not disclose a valuation in this round. It came 42 months after EBANX's Growth. It is 93% of the $460M EBANX has raised in the venture rounds on record. No later venture round is on record for EBANX.
EBANX's funding rounds
EBANX has 2 venture rounds on record. This one is highlighted.
- Growth 1 Dec 2017, led by FTV Management Company $30M
- Growth this round 15 Jun 2021, led by Advent International $430M
Investors
Who put money in
Advent International led the round with 1 other firm.
Lead investor
- Advent International backs 36 venture-backed companies new investor
Also in the round
- backs 62 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
39 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $100M, and this round was 4.3 times the median. The closest in time, other companies' Growth rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 15 Jun 2021 | $250M | $2.00B | SoftBank Latin America Fund |
| Payment Processing & Point of Sale | 14 Jun 2021 | $140M | not disclosed | not named |
| Payment Processing & Point of Sale | 10 Jun 2021 | $100M | $600M | Nityo Infotech and KFC Ventures |
| Payment Processing & Point of Sale | 25 May 2021 | $60M | not disclosed | Initialized |
| Payment Processing & Point of Sale | 26 Jul 2021 | $30M | not disclosed | Crédit Mutuel Equity |
| OPay Payment Processing & Point of Sale | 24 Aug 2021 | $400M | $2.00B | SoftBank Vision Fund |
| Payment Processing & Point of Sale | 17 Aug 2021 | $244M | $1.00B | Cannae Holdings |
| Payment Processing & Point of Sale | 5 Aug 2021 | $120M | not disclosed | Flexpoint Ford |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did EBANX raise in its Growth round?
EBANX raised $430M in its Growth round, announced in Jun 2021.
Who led EBANX's Growth round?
Advent International led it, with FTV Management Company.
What was EBANX's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Payment Processing & Point of Sale?
39 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $100M, and this round was 4.3 times the median.