Mandate profile
Fintech infrastructure growth investment search
A growth equity fund is investing in B2B fintech infrastructure companies with strong growth and a clear path to profitability.
Payments, banking-as-a-service, regtech, wealthtech and treasury infrastructure are all in scope. Minority and majority deals considered.
Mandate profile
Why growth funds invest in fintech infrastructure.
- Reference
- AQ-0496
- Sector
- Fintech & payments
- Region
- Global
- Last reviewed
The infrastructure behind payments, banking, compliance and capital markets keeps growing as financial services go digital. Growth equity funds invest in the businesses providing that infrastructure, backing teams with proven products and strong revenue growth.
This profile covers payments infrastructure, banking-as-a-service, regtech, fraud and identity, treasury, wealth and capital markets technology worldwide. Companies with recurring revenue, enterprise clients and efficient growth are the core focus.
Buyers here take minority or majority positions, investing primary capital for growth and offering secondary liquidity to founders and early investors.
Acquisition criteria
What this buyer is looking for.
The fund backs infrastructure others build on. Five factors guide the search.
B2B infrastructure
APIs and platforms other financial businesses depend on.
Scale and growth
Revenue above US$10M growing quickly.
Unit economics
Strong gross margins and net retention.
Regulatory moat
Licences or compliance depth that protect the position.
Path to profit
A credible plan to profitability.
Close, but not an exact match? Tell us anyway.
Share an overview
Target financial profile
The numbers this buyer type works to.
Typical ranges for this profile. Businesses outside a range are still assessed on their overall strength.
- Investment
- US$15M–US$75M
- Revenue
- Typically US$10M+ recurring
- Growth
- Strong year-on-year growth
- Efficiency
- Improving margins
- Typical valuation basis
- Multiple of forward revenue
- Consideration
- Primary and secondary capital
Deal structure and terms
Structure
Minority or majority growth equity.
Use of funds
Primary capital for growth plus secondary liquidity.
Governance
Board seat and standard investor protections.
Support
Help with hiring, M&A and expansion.
What makes a relevant business
Fintech infrastructure scaling with demand.
What stands out is infrastructure that grows with its customers.
All of these are welcome
- Payments, BaaS, regtech or wealthtech
- Minority or majority
- Founder-led or VC-backed
- Primary or secondary capital
- Any country
Net revenue retention
Customers expanding usage over time.
Enterprise logos
Banks and large fintechs as customers.
Usage-based revenue
Revenue tied to customer growth.
International reach
Revenue across several markets.
Market drivers
What keeps demand strong in growth equity in fintech infrastructure.
Embedded finance
Every software company wants financial products.
Regtech demand
Compliance costs drive automation.
Real-time payments
Instant rails create new infrastructure needs.
How it works
You decide what is shared, and when.
Nothing goes to any buyer automatically. Every step after the first happens only if there is potential fit and you are comfortable going further.
- 1
Share an overview
Send a short, non-confidential summary using the form. Anonymous is fine at this stage.
- 2
Acquiry reviews fit
We compare it with this profile and the buyers we work with, and tell you plainly whether there is a match, usually with a few questions.
- 3
Agree what can be disclosed
If there is potential fit, we agree with you what can be shared, and with whom, before anything moves.
- 4
Detailed discussions
Deeper conversations progress under confidentiality arrangements put in place for that discussion.
Submit an opportunity
Think your business could fit AQ-0496?
Tell us a little about it. A short, non-confidential overview is enough, and you can leave the company name out. We review every submission ourselves and reply directly.
AQ-0496 is a mandate profile, not a named buyer. We match your overview against the buyers we work with and tell you honestly whether there is a fit.
- Reviewed by Acquiry, never sent to any buyer automatically
- Anonymous overviews welcome
- Owners and advisers both welcome
FAQ
Before you send anything.
What does this mandate profile describe?
It sets out what a growth equity fund looks for in an acquisition: the target profile, deal size, structure and regions shown above.
What is Acquiry’s role?
Acquiry works on the buy side. Profiles like this one set out the criteria acquirers in this segment use to assess targets.
Can existing shareholders sell?
Yes. Secondary liquidity alongside primary capital is often part of the deal.
Does the fund take board seats?
Usually one board seat, with standard investor protections.
Is a minority investment possible?
Yes. Minority and majority positions are both in scope.
Can founders take some money off the table?
Yes. Secondary liquidity is common in these rounds.
Are pre-profit companies considered?
Yes, where growth and unit economics are strong.