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>Business intelligence (BI) tools like Looker (NASDAQ: GOOG) and Tableau (NYSE: CRM) are where financial analysts create dashboards, formalize their reasoning, and establish a source of truth—but for deeper analysis, analysts revert to Excel.</li><li>Both finance analysts and financial analysis are becoming horizontal across the org, integrating data—not just from QuickBooks and Stripe—but through Salesforce, HubSpot, Amplitude, your production database, and more.</li><li>Modern FP&A tools Equals (Andreessen Horowitz, $22.6M raised), Sigma Computing (Sutter Hill, $652M raised), Runway (Initialized Capital, $33.5M raised) and Causal (Coatue, $26M raised) vertically integrate integrations & the data layer (where you connect live data), spreadsheets (where you analyze the data) and dashboards (where you display the data) into a collaborative finance platform.</li></ul>

Business intelligence (BI) tools like Looker (NASDAQ: GOOG) and Tableau (NYSE: CRM) are where financial analysts create dashboards, formalize their reasoning, and establish a source of truth—but for deeper analysis, analysts revert to Excel.Both finance analysts and financial analysis are becoming horizontal across the org, integrating data—not just from QuickBooks and Stripe—but through Salesforce, HubSpot, Amplitude, your production database, and more.Modern FP&A tools Equals (Andreessen Horowitz, $22.6M raised), Sigma Computing (Sutter Hill, $652M raised), Runway (Initialized Capital, $33.5M raised) and Causal (Coatue, $26M raised) vertically integrate integrations & the data layer (where you connect live data), spreadsheets (where you analyze the data) and dashboards (where you display the data) into a collaborative finance platform.

Bobby Pinero, CEO Of Equals, On Bringing Joy To Finance Teams

<ul><li>Today, we’re increasingly seeing fintechs diversifying, moving towards alternate models of monetization like subscriptions, interest from deposits and lending, and tips.</li><li>The fintech industry is seeing a trend of consolidation, with larger platforms acquiring smaller fintechs to leverage established customer bases and cross-sell financial products.</li><li>Real-time payments (RTP) may not significantly threaten card networks for consumer-to-business transactions but could revolutionize disbursements and payroll processes.</li></ul>

Today, we’re increasingly seeing fintechs diversifying, moving towards alternate models of monetization like subscriptions, interest from deposits and lending, and tips.The fintech industry is seeing a trend of consolidation, with larger platforms acquiring smaller fintechs to leverage established customer bases and cross-sell financial products.Real-time payments (RTP) may not significantly threaten card networks for consumer-to-business transactions but could revolutionize disbursements and payroll processes.

<ul><li>In terms of milestones, we just crossed 350 customers, and that's something we're happy about.</li><li>We saw an opportunity where things were challenging in the mid-market, it didn't look like it was going to get any easier with all the competition, but we were seeing surprisingly strong pull downmarket from these SMBs who wanted to use the product.</li><li>Basically every company needs to report on their numbers—the crucial thing is that at any point in the year, any company will need to be reporting on their numbers—whether it's the ARR reporting, whether it's their burn and runway or that kind of stuff.</li></ul>

In terms of milestones, we just crossed 350 customers, and that's something we're happy about.We saw an opportunity where things were challenging in the mid-market, it didn't look like it was going to get any easier with all the competition, but we were seeing surprisingly strong pull downmarket from these SMBs who wanted to use the product.Basically every company needs to report on their numbers—the crucial thing is that at any point in the year, any company will need to be reporting on their numbers—whether it's the ARR reporting, whether it's their burn and runway or that kind of stuff.

Taimur Abdaal, CEO And co-founder Of Causal, On The Future Of The "Better Spreadsheet"

Layer2 Financial / Private Capital Markets

<ul><li>Stablecoins are on track to eclipse Visa (NYSE: V) on total payments volume (TPV) in Q2’2024, propelled by their extreme product-market fit for cross-border money movement.</li><li>Stablecoins like Tether (USDT, 2014) and Circle’s USD Coin (USDC, 2018), on-chain assets pegged to the value of the U.S. dollar, emerged to enable traders to move in and out of crypto positions without the high-fee and high-wait experience of offramping into fiat.</li><li>During COVID circa 2020, cross-border money movement exploded with the rise in international migration and corporates like Apple diversifying more of their supply chains to Vietnam and India, with total cross-border payment volume hitting $156 trillion in 2022 (up from $128 trillion in 2018).</li></ul>

Stablecoins are on track to eclipse Visa (NYSE: V) on total payments volume (TPV) in Q2’2024, propelled by their extreme product-market fit for cross-border money movement.Stablecoins like Tether (USDT, 2014) and Circle’s USD Coin (USDC, 2018), on-chain assets pegged to the value of the U.S. dollar, emerged to enable traders to move in and out of crypto positions without the high-fee and high-wait experience of offramping into fiat.During COVID circa 2020, cross-border money movement exploded with the rise in international migration and corporates like Apple diversifying more of their supply chains to Vietnam and India, with total cross-border payment volume hitting $156 trillion in 2022 (up from $128 trillion in 2018).

<ul><li>Layer2 Financial today is a global payments infrastructure that allows businesses to move money faster globally.</li><li>For us, what it meant to pivot was to provide better fiat support.</li><li>Growth has been slower than I would expect it to be, but still pretty stellar.</li></ul>

Layer2 Financial today is a global payments infrastructure that allows businesses to move money faster globally.For us, what it meant to pivot was to provide better fiat support.Growth has been slower than I would expect it to be, but still pretty stellar.

Bhanu Kohli, CEO Of Layer2 Financial, On stablecoin-backed Payments For Platforms

United States

Stripe, Inc. provides payment software services and solutions. The Company designs and produces software to process online credit and debit card payments. Stripe serves customers worldwide.

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Stripe (0170016D US)

Bobby Pinero, CEO Of Equals, On Bringing Joy To Finance Teams

So before you founded Equals, you spent 8 years as a finance leader at Intercom. Tell us about that experience and then what you learned that...

Sacra

The Future Of Interchange

Early fintechs like Chime scaled to $100M+ with nearly all their revenue coming from interchange—the fee they generate every time their customers...

Sacra

Taimur Abdaal, CEO And co-founder Of Causal, On The Future Of The "Better Spreadsheet"

Where does Causal have the strongest product-market fit today and what milestones have you hit that you want to share...

Sacra

Stablecoins > Visa

TL;DR: Stablecoins are on track to eclipse Visa (NYSE: V) on total payments volume (TPV) in Q2’2024, propelled by their extreme product-market fit...

Sacra

Bhanu Kohli, CEO Of Layer2 Financial, On stablecoin-backed Payments For Platforms

What is Layer2 Financial and what inspired you to build it...

Sacra

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Bobby Pinero, CEO Of Equals, On Bringing Joy To Finance Teams

So before you founded Equals, you spent 8 years as a finance leader at Intercom. Tell us about that experience and then what you learned that...

Sacra

The Future Of Interchange

​​Early fintechs like Chime scaled to $100M+ with nearly all their revenue coming from interchange—the fee they generate every time their customers...

Sacra

Taimur Abdaal, CEO And co-founder Of Causal, On The Future Of The "Better Spreadsheet"

Where does Causal have the strongest product-market fit today and what milestones have you hit that you want to share...

Sacra

Stablecoins > Visa

TL;DR: Stablecoins are on track to eclipse Visa (NYSE: V) on total payments volume (TPV) in Q2’2024, propelled by their extreme product-market fit...

Sacra

Bhanu Kohli, CEO Of Layer2 Financial, On stablecoin-backed Payments For Platforms

What is Layer2 Financial and what inspired you to build it...

Sacra

Early fintechs like Chime scaled to $100M+ with nearly all their revenue coming from interchange—the fee they generate every time their customers...