“With this additional capital we are going to make further investments in building the web’s best personal finance resource and enhancing our ability to connect consumers to financial advisors across the U.S.” “Our mission is to help people get better financial advice,” said Michael Carvin, Founder and CEO of SmartAsset. In addition, financial advisors and firms on its wealth management referral platform, SmartAdvisor, now generate $1.5 billion in new, closed assets under management (AUM) per month. SmartAsset reaches more than 100 million people each month through its personal finance content, custom tools and personalized calculators. The fundraise comes on the heels of the company’s partnership with LPL Financial, its one millionth consumer / advisor match on its SmartAdvisor platform, a successful Live Connections rollout, and executive leadership additions.
NEW SMARTASSET TTV CAPITAL SERIES
Since raising its Series C in June of 2018, SmartAsset has grown revenue by 10 times and is on the cusp of $100 million in annual recurring revenue (ARR). The financing round was led by existing investor TTV Capital with participation from Javelin Venture Partners, Contour Venture Partners, Citi Ventures, New York Life Ventures, North Bridge Venture Partners, and CMFG Ventures. He earned an MBA from UCLA’s Anderson School of Management and a bachelor’s degree from Emory University.ĪTLANTA-(BUSINESS WIRE)-TTV Capital, a venture capital firm in the early-stage fintech industry, announced today that Neil Kapur will join the firm as a Partner.NEW YORK-( BUSINESS WIRE)- SmartAsset, the web’s go-to resource for financial advice connecting consumers with financial advisors, today announced that it has closed a $110 million Series D round, valuing the company at over $1 billion. “The venture and startup ecosystem is and always has been about the people,” said Neil Kapur, Partner, TTV Capital. “The TTV team has a phenomenal reputation in the industry and impressive track record investing in startups and working with entrepreneurs. I’m excited to collaborate with fintech entrepreneurs as they embark on their own journeys building long-term, enduring businesses.” I ultimately joined TTV because of this founder-friendly, entrepreneur-first mindset that they have exemplified since the firm was founded 20+ years ago. TTV Capital’s investment team consists of experienced technology and financial services professionals passionate about helping entrepreneurs succeed.
The firm has invested in numerous successful fintech companies, including Green Dot, Cardlytics, Greenlight, MX, Smartasset, Shopkeep, Paycycle, Scratchpay, Taxbit, Samcart and Featurespace. TTV Capital is one of the longest active venture capital firms investing in fintech.
With more than 20 years of venture investing experience, the firm identifies innovators within the financial services field and uses a collaborative, entrepreneur-first approach to selecting portfolio companies. TTV has offices in both Atlanta and Los Angeles. Additional information can be found at –( BUSINESS WIRE)– TTV Capital, a venture capital firm in the early-stage fintech industry, announced today that Neil Kapur will join the firm as a Partner. In his role, Kapur will join the team to make new investments in technology companies transforming the financial services industry and support TTV Capital’s diverse portfolio of fintech companies.
TTV Capital is one of the preeminent fintech investors in the U.S. with a focus on companies that build modern, disruptive financial services products and applications enabled by technologies like cloud, mobile, machine learning, AI and blockchain. Kapur joins TTV Capital from B Capital Group, where he led investments in fintech and insuretech since 2017. “His unique background in fintech and venture will be a tremendous asset to our firm as we continue our mission to help entrepreneurs build successful fintech businesses and drive strong returns for our investors.” “We are very excited to have Neil on the TTV team,” said Gardiner Garrard, Founder and Partner, TTV Capital. Kapur is an industry-leader in championing early-stage companies and entrepreneurs, providing a combination of business development, product, marketing, and corporate finance support based on his prior startup operating experience.
NEW SMARTASSET TTV CAPITAL PROFESSIONAL
His professional experience also includes time with Google launching and scaling their consumer-facing payments and commerce business, helping to grow two fintech startups in payments and lending, investment banking, and consulting. NEW YORKBASED SMARTASSET 110M TTV CAPITAL PROFESSIONAL NEW YORKBASED SMARTASSET 110M TTV CAPITAL PROFESSIONAL.
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