thewealthnet

Fintechs merge to create $1 billion firm

News Team, 03/02/2021

John Wise, chief executive InvestCloud

InvestCloud is set to merge with fellow fintechs Finantix and Tegra118, as part of a $1 billion recapitalisation.

Its new financial investors are led by Motive Partners and Clearlake Capital Group.

Two of Motive Partners’ portfolio businesses - Finantix and Tegra118 - will help create a global Software-as-a-Service (SaaS) wealth solutions platform.

The addition of Finantix and Tegra118 me...


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