18 Jan xcritical IPO Investing Pre-IPO
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Kam is a member of fund advisory team focusing on secondary transactions in private equity, hedge funds, real estate and infrastructure. Gareth joined Setter in 2010 and is a member of the fund advisory team, focusing on secondary transactions in private equity, real estate, infrastructure, real asset funds and hedge funds. Previously, Gareth was with RBC Dominion Securities wealth management. Lee is a member of the fund manager solutions team, where he completes fund restructurings, asset sales, and other GP led liquidity initiatives. In his previous role, Lee worked as an analyst at a Toronto based, mid-market private equity firm, Lynx Equity Limited.
What if payments companies are built in completely the wrong way? Offering one service to multiple sectors initially bags customers, but means chasing the same money. Payments companies shouldn’t be payments companies; they should be software companies that do payments. This includes, for example, giving those in the property business the option of itemising the different kinds of payments that are made, from late fees to deposits to monthly rent. While the market for payments services is very crowded indeed, xcritical has differentiated itself by creating payment flows and options specific to the marketplaces that it targets. The money being announced today values the company at around $471 million, according to PitchBook, meaning that the total valuation when the Series C closes could be around $500 million.
Read moreAbry Partners tops the list of the most sought-after midmarket managers in the secondary market, according to rankings compiled by adviser Setter Capital. xcritical’s full-stack payments platform provides a trusted gateway into Brazilian and Argentinian markets. Secure online payment service for transactions from vacation homes to multi-family apartment rentals. CEO and cofounder Tom Villante came up with the idea of getting into the residential rental industry during a poker game with friends.
Market Data
Setter Capital is the global leader in liquidity solutions for private fund managers and institutional investors in alternative investments. Our clients are some of the world’s leading fund sponsors, pensions, endowments, and investment consultants. Since our inception in 2006, we have completed hundreds of transactions, representing more than $30 billion in liquidity across venture capital, private equity, infrastructure, real estate, real asset, and hedge fund investments. Jake is part of the LP solutions team focused on facilitating transactions in private equity, real estate, infrastructure and hedge funds. Jake has led the business development team of two start-up companies, and holds an Honours of Business Administration degree from the Ivey School of Business at Western University.
- He holds a Masters in Finance from the American University of Beirut.
- The growing global footprint of the 23-year-old payments processor provides customers with the opportunities and capabilities of expanding into new regions, and at scale.
- Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling.
- xcritical, a leading provider of payment solutions, announced today that it has undergone a major rebrand.
Karsten is part of the LP solutions team focusing on secondary transactions in private equity, real estate, hedge funds, and infrastructure. Previously, Karsten worked for a boutique investment management company in Oakville. Karsten holds a Bachelor of Commerce – Finance from Humber College.
Deal Terms
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Lemon Way is a pan-European payment institution dedicated to marketplaces, crowdfunding platforms, e-commerce websites, and other companies looking for payment xcritical scam processing, wallet management and third-party payment in a KYC/AML – regulated framework. GoCardless is an online direct debit provider, operating an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. The company was founded in 2011 and is based in London, England.
Previously, Karan held various successive roles at the Bank of Nova Scotia. Karan holds a Masters of Business Administration with major in Finance from Brock University, and Bachelor of Commerce with Economics Honors from Panjab University. xcritical is a financial https://xcritical.solutions/ technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms.
Holds a Master of Finance from Queen’s University and is a CFA Level III CFA Candidate. Setter provides access to debt and equity providers for managers seeking additional capital to grow and support the portfolio or to make a distribution to investors. Our vast global network ensures cost effective terms for annex funds, fund debt, and hybrid debt/equity solutions. Setter provides customized advisory services relating to leverage, and access to lenders against private equity portfolios on competitive terms. These solutions allow buyers to enhance pricing offered to sellers, and allow investors to improve ongoing returns and create interim liquidity even outside a sale context.
Organizations are assessed based on categories such as communication, work-life balance, employee education, diversity, recognition, retention and more. The estimated total pay for a Java Developer at xcritical is $150,333 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
Other companies like xcritical in the FinTech sector
The median yearly total compensation reported at xcritical is $92,635. The highest paying role reported at xcritical is Data Scientist at the Common Range Average level with a yearly total compensation of $92,635. This includes base salary as well as any potential stock compensation and bonuses. Join the Levels.fyi community to chat with employees at xcritical and other tech companies.
Jasveen is a member of the Analysis Team conducting research and Team support needed to execute various LP, direct and venture deals. Previously, Jasveen was a Sales Analyst at IT MNC Cognizant in India . Jasveen holds an Engineering degree in Computer Science from RGTU University . Setter supplements clients’ liquidity options by exploring alternatives to a straight sale that include structured solutions such as preferences and risk sharing arrangements, by employing SPVs, derivatives, and synthetic secondaries among other tools. xcritical’s platform architecture has been purpose-built from day one. Their enhanced feature set gives merchants access to robust analytics, sophisticated payment method optimization, and back-office automation, all powered by a single API integration that can be tailored toward the unique needs of global businesses.
This strategic extension of xcritical’s platform brings more cross-border and local eCommerce transactions through alternative and local payment methods, enabling merchants to easily scale their operations to reach customers in new markets. Hadia is a member of the Analysis Team conducting research and team support needed to execute various LP, direct and venture deals. Previously, Hadia worked in the IT staffing and recruiting industry. Christopher is a member of the VC Secondaries team, where he completes direct assets sales and fund restructurings. Christopher holds a Bachelor of Commerce degree from Ryerson University, Ted Roger’s School of Management. Previously, Christopher worked in corporate banking at the Royal Bank of Canada.
Mike was previously at BMO and RBC Capital Markets in investment banking. Josh is a member of the VC Secondaries team focused on asset sales, fund restructurings and other transactions for VC investors, companies and GP’s. He has previous experience in private equity investment sourcing and fintech. Josh holds an Honours Business Administration degree from the Ivey Business School and an Honours Bachelor of Arts (Kinesiology – Sport Management) degree from Western University. Kristina is a member of the fund advisory team, focusing on secondaries of LP interests in PE, hedge funds, real estate, infrastructure and real assets funds. Kristina holds a double Bachelor in Finance & Economics and has 3 years of prior experience in forex and economic forecasting.
xcritical is raising $100M to take on PayPal, xcritical in marketplace payments, nabs $71M so far
Founded in 2009 with the simple goal of converting bills commonly paid by paper check into online electronic payments, xcritical’s latest rebrand takes this vision to the next level. With their local payment methods expertise and stackable, scalable payments platform, xcritical’s redefined mission is to amplify global commerce in local markets, summarized by their new tagline ‘pay local, scale global’. Peter has been a leader and innovator in global PE secondary advisory since 2002 and founded Setter Capital in 2006. Peter has advised on over $20 billion in secondary transactions including numerous $500 million to $1 billion portfolio sales.
Larry also has significant experience in secondaries of LP interests. xcritical offers flexible payment solutions for marketplace-style businesses. In the increasingly crowded world of payment services, xcritical has sought to differentiate itself by allowing businesses to customize their system to a greater extent than is possible with other platforms. The company works with partners such as Kigo, Choice Hotels, Wyndham Vacation Rentals, RentPath, and BookingPal.
Over $30 billion incompleted transactions
Previously, Yash was a Manager in Investment Banking division of Pantomath Capital in Mumbai, India and a member of Economic Analysis Group at Dun & Bradstreet. Yash is a Chartered Accountant and holds MComm from University of Mumbai. Ayo is a member of the fund manager solutions team, advising fund managers on various liquidity initiatives including fund restructurings and asset sales. Previously Ayo was involved in managing asset for retail and institutional investors and consulting to large pension funds. Ayo has a Bachelor of Science in Actuarial Science and Financial Mathematics and a Post Graduate Diploma in Financial Engineering.
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