Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>In June 2023, Bond was acquired by FIS.</li><li>Bond provides the technological infrastructure that enables companies to offer financial services without becoming banks themselves.</li><li>Following acquisition by FIS, Bond became part of the Atelio platform, strengthening its enterprise focus and positioning the combined entity to leverage FIS's established banking relationships and infrastructure.</li></ul>

In June 2023, Bond was acquired by FIS.Bond provides the technological infrastructure that enables companies to offer financial services without becoming banks themselves.Following acquisition by FIS, Bond became part of the Atelio platform, strengthening its enterprise focus and positioning the combined entity to leverage FIS's established banking relationships and infrastructure.

Chime Financial / Private Capital Markets

<ul><li>Chime (launched 2012) found initial product-market fit marketing to millennials and the 75% of Americans living paycheck-to-paycheck with no-fee accounts and 2 days early access to their wages.</li><li>Chime can grow ARPU from the ~$30-$120 of a top interchange-based neobank to the $1,200 of a full-service consumer retail bank like a Bank of America and increase LTV by turning on additional features like crypto, investing, insurance, and most importantly, lending.</li><li>Chime’s lead gives it the chance to build the CNBC of finance superapps, positioned against Cash App’s meme-y, Wall Street Bets-adjacent finance superapp.</li></ul>

Chime (launched 2012) found initial product-market fit marketing to millennials and the 75% of Americans living paycheck-to-paycheck with no-fee accounts and 2 days early access to their wages.Chime can grow ARPU from the ~$30-$120 of a top interchange-based neobank to the $1,200 of a full-service consumer retail bank like a Bank of America and increase LTV by turning on additional features like crypto, investing, insurance, and most importantly, lending.Chime’s lead gives it the chance to build the CNBC of finance superapps, positioned against Cash App’s meme-y, Wall Street Bets-adjacent finance superapp.

<ul><li>As the revenues grew so much, I think you got these crazy valuations.</li><li>In the Chime world, there would be times where we would basically have to prioritize which thing to put in front of the bank first because there just weren’t enough resources to get them all done in time.</li><li>Chime is probably in a better position than most companies to handle a recession because they have a lot of cash flow and a lot of investor money and they haven&#39;t blown it all.</li></ul>

As the revenues grew so much, I think you got these crazy valuations.In the Chime world, there would be times where we would basically have to prioritize which thing to put in front of the bank first because there just weren’t enough resources to get them all done in time.Chime is probably in a better position than most companies to handle a recession because they have a lot of cash flow and a lot of investor money and they haven&#39;t blown it all.

Ex-Chime Employee On Chime's multi-product Future

<ul><li>We have raised more than $90M in funding at this point in Seed and Series A.</li><li>Highnote is bringing a very differentiated approach to the market because what we saw in the industry is one of two models.</li><li>What we have already built and gone live with is a full-stack card issuance platform with a bare-metal connection to both Visa and MasterCard.</li></ul>

We have raised more than $90M in funding at this point in Seed and Series A.Highnote is bringing a very differentiated approach to the market because what we saw in the industry is one of two models.What we have already built and gone live with is a full-stack card issuance platform with a bare-metal connection to both Visa and MasterCard.

Deb Bardhan, Chief Business Officer At Highnote, On Incentive Structures In Card Issuing

<ul><li>Business was great and continues to grow, but we built it on legacy card issuing infrastructure that’s over 20 years old.</li><li>Since then it’s been a pretty wild ride.</li><li>We went from having raised less than $10 million in the life of the company over the first six years or so, to raising over $100 million, quadrupling the team, and being fortunate to have the trust of dozens and dozens of customers.</li></ul>

Business was great and continues to grow, but we built it on legacy card issuing infrastructure that’s over 20 years old.Since then it’s been a pretty wild ride.We went from having raised less than $10 million in the life of the company over the first six years or so, to raising over $100 million, quadrupling the team, and being fortunate to have the trust of dozens and dozens of customers.

Bo Jiang, co-founder And CEO Of Lithic, On The Key Primitives In Card Issuing

United States

Galileo Financial Technologies, Inc. operates as a payments technology company. The Company offers an APIs and payments platform to create sophisticated card-based and digital financial solutions. Galileo Financial Technologies serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Galileo (1760304D US)

Primer: Bond - 16 Apr 2025

API-based software for embedding cards, accounts, and payments into vertical SaaS products

Sacra

Chime: The $1.3B/year could-be Superapp

Chime (dataset) built the #1 neobank in the United States by focusing on lower-income consumers looking for early access to paychecks. Now, they...

Sacra

Ex-Chime Employee On Chime's multi-product Future

Sacra interview with an ex-Chime employee.

Sacra

Deb Bardhan, Chief Business Officer At Highnote, On Incentive Structures In Card Issuing

Sacra interview with Deb Bardhan, the Chief Business Officer at Highnote.

Sacra

Bo Jiang, co-founder And CEO Of Lithic, On The Key Primitives In Card Issuing

Sacra interview with Bo Jiang, the CEO and co-founder of Lithic.

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)