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>Coinflow Labs closed a $25M Series A in October 2025 led by Pantera Capital.</li><li>Coinflow operates as a unified payment infrastructure that eliminates the complexity of managing separate card processors, crypto on-ramps, and off-ramps for Web3 companies.</li><li>Coinflow operates a B2B SaaS model serving Web3 companies that need to bridge traditional payments with cryptocurrency settlement.</li></ul>

Coinflow Labs closed a $25M Series A in October 2025 led by Pantera Capital.Coinflow operates as a unified payment infrastructure that eliminates the complexity of managing separate card processors, crypto on-ramps, and off-ramps for Web3 companies.Coinflow operates a B2B SaaS model serving Web3 companies that need to bridge traditional payments with cryptocurrency settlement.

<ul><li>WeTravel closed a $92 million Series C in September 2025 led by Sapphire Ventures.</li><li>WeTravel operates a hybrid vertical SaaS and embedded fintech model, combining subscription software with payment processing revenue.</li><li>WeTravel is leveraging its Series C funding to build AI agents that convert PDF itineraries into interactive bookings.</li></ul>

WeTravel closed a $92 million Series C in September 2025 led by Sapphire Ventures.WeTravel operates a hybrid vertical SaaS and embedded fintech model, combining subscription software with payment processing revenue.WeTravel is leveraging its Series C funding to build AI agents that convert PDF itineraries into interactive bookings.

<ul><li>Rising bot-driven fraud—powered by password breaches &amp; password reuse—leading to account takeovers, fake &amp; spam signups, and promo &amp; referral abuse, made passwordless a necessary feature of identity platforms like Stytch ($30M Series A, Thrive Capital), Clerk ($15M Series A, Madrona) and WorkOS ($15M Series A, Lachy Groom), but it didn’t lead to widespread rip-and-replace of authentication systems.</li><li>MCP connectors and AI agents are emerging as the next big inflection point in authentication, as they force every app developer to add an OAuth2-compliant identity server with role based access control for governing what agents can read + write—so they can integrate into and be positioned to ride the wave of AI adoption.</li><li>And while this shift to passwordless and fraud prevention was the catalyst for launching Stytch and a huge influx of VC funding across the industry at the time, it’s going to pale in comparison to agent identity.</li></ul>

Rising bot-driven fraud—powered by password breaches &amp; password reuse—leading to account takeovers, fake &amp; spam signups, and promo &amp; referral abuse, made passwordless a necessary feature of identity platforms like Stytch ($30M Series A, Thrive Capital), Clerk ($15M Series A, Madrona) and WorkOS ($15M Series A, Lachy Groom), but it didn’t lead to widespread rip-and-replace of authentication systems.MCP connectors and AI agents are emerging as the next big inflection point in authentication, as they force every app developer to add an OAuth2-compliant identity server with role based access control for governing what agents can read + write—so they can integrate into and be positioned to ride the wave of AI adoption.And while this shift to passwordless and fraud prevention was the catalyst for launching Stytch and a huge influx of VC funding across the industry at the time, it’s going to pale in comparison to agent identity.

Reed McGinley-Stempel, CEO Of Stytch, On Authentication For AI Agents

<ul><li>Clerk raised a $30 million Series B in January 2024 led by CRV with strategic participation from Stripe.</li><li>Clerk provides React components that developers can drop into web and mobile applications to handle user authentication and management.</li><li>Clerk's expansion into authorization and billing represents a significant TAM expansion beyond pure authentication.</li></ul>

Clerk raised a $30 million Series B in January 2024 led by CRV with strategic participation from Stripe.Clerk provides React components that developers can drop into web and mobile applications to handle user authentication and management.Clerk's expansion into authorization and billing represents a significant TAM expansion beyond pure authentication.

<ul><li>Kredete closed a $22M Series A in September 2025 led by AfricInvest.</li><li>Kredete plans to enter Canada, the UK, and EU markets in 2025-26, adding approximately 3M addressable African immigrants to its current US base.</li><li>Planned products include rent reporting, goal-based loans, and auto loans that leverage the same credit bureau relationships and payment data.</li></ul>

Kredete closed a $22M Series A in September 2025 led by AfricInvest.Kredete plans to enter Canada, the UK, and EU markets in 2025-26, adding approximately 3M addressable African immigrants to its current US base.Planned products include rent reporting, goal-based loans, and auto loans that leverage the same credit bureau relationships and payment data.

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)

Primer: Coinflow - 09 Oct 2025

Payment solution enabling Web3 companies to accept card payments and payout customers by converting cryptocurrency to USD

Sacra

Primer: WeTravel - 25 Sep 2025

Platform for travel businesses to digitize booking processes, manage payments, and streamline trip management

Sacra

Primer: Clerk - 24 Sep 2025

Authentication and user management platform providing React components for sign-up, sign-in, and profile management

Sacra

Primer: Kredete - 22 Sep 2025

Financial technology platform enabling African immigrants to build credit through stablecoin-powered payments and remittances

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Primer: Coinflow - 09 Oct 2025

Payment solution enabling Web3 companies to accept card payments and payout customers by converting cryptocurrency to USD

Sacra

Primer: WeTravel - 25 Sep 2025

Platform for travel businesses to digitize booking processes, manage payments, and streamline trip management

Sacra

Reed McGinley-Stempel, CEO Of Stytch, On Authentication For AI Agents

What is Stytch in short and what inspired you to build it from your time at Plaid...

Sacra

Primer: Clerk - 24 Sep 2025

Authentication and user management platform providing React components for sign-up, sign-in, and profile management

Sacra

Primer: Kredete - 22 Sep 2025

Financial technology platform enabling African immigrants to build credit through stablecoin-powered payments and remittances

Sacra