Motive Ventures, the early-stage investment arm of Motive Partners, has expanded its portfolio in the financial technology sector with two strategic investments. The Marriott Harrison team advised the firm on all aspects of the investments.
Motive Ventures, along with Unusual Ventures and Bain Capital Ventures, co-led a $18.3m Series A funding round for Paytrix. Paytrix offers an innovative solution for large brands to efficiently scale their payments operations across the globe. With Paytrix’s curation layer, businesses can easily access the best payment providers from different parts of the world. The funding obtained from the investment round will be utilised for product development and to expand the business globally.
Motive Ventures also backed Triver in its $7m equity round. By leveraging Open Banking data and sophisticated AI, Triver funds SMEs’ short-term working capital needs, underwriting the risk of small business borrowing instantly and automatically. The UK-based startup was also backed by Stride and Axeleo Capital. Triver is led by CEO founder Jerome Le Luel, one of the world’s foremost experts in deploying advanced credit analytics at world-class lenders.
Motive Ventures has established a strong record of investing in early-stage companies, from Pre-Seed to Series A, that are focused on technology-enabled financial and business services. The firm’s investment portfolio spans across North America and Europe.