Finicity Raises $130M in Venture
Finicity has successfully raised $130M in a Venture at a $800M valuation led by Experian.
Company Overview
Finicity is a Fintech company headquartered in Salt Lake City, UT, founded in 1999 with 350+ employees.
Financial data aggregation
Fundraising Details
- Amount Raised: $130M
- Round Type: Venture
- Valuation: $800M
- Date: 2024-03-14
- Investors: Experian
About Finicity
Financial data aggregation The company is positioned in the Fintech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Salt Lake City, UT
- Founded: 1999
- Team Size: 350+
- Industry: Fintech
What This Means
This funding round demonstrates strong investor confidence in Finicity's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. Finicity's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $800M valuation marks an important milestone for Finicity, positioning the company among notable players in the Fintech industry.
Looking Ahead
With this new capital, Finicity is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-14. For more information about Finicity, visit their headquarters at Salt Lake City, UT.
