Here are Tiger Global's 10 top fintech investments

By John Reynolds on Tuesday 8 February 2022

FeaturesAlternative LendingDigital BankingSavings and Investment

Tiger Global has become one of the most profitable tech investors, holding investments in more billion-dollar startups-including fintechs than any other firm, according to CB Insights.

Here are Tiger Global's 10 top fintech investments
Image source: Tiger/ Pixabay

In the past two years, one tech fund has appeared almost omnipresent in backing some of the biggest names in UK fintech and beyond.

Tiger Global, usually as co-lead investor, has funded recent mega-raises from the likes of Revolut and Checkout.com, as well as placing bets on the next big fintech.

According to CB Insights, the New York-based VC has become one of the most profitable tech investors, holding investments in more billion-dollar startups-including fintechs- than any other firm. 

The VC, which backed Facebook in 2009, was founded in 2001. It initially invested in Chinese tech stocks following the dot.com crash and then expanded into India.

Chase Coleman heads it up, dubbed one of his generation's best hedge fund managers, who never speaks to the media, and his number two Scott Schleifer, who runs the VC business.

As a point of difference to other tech investors, Tiger Global does not typically take board seats and seldom becomes involved in a company's operations it has invested in.

Here, AltFi looks at 10 of its recent fintech investments in the UK and beyond.

Revolut

In July 2021, Tiger Global co-led an $800m mega raise by Revolut, skyrocketing Revolut's valuation to $33bn, solidifying its position as one of the most valuable fintechs in the world.

"SoftBank and Tiger Global's investments are an endorsement of our mission to create a global financial super app that enables customers to manage all their financial needs through a single platform," Nikolay Storonsky, CEO and founder of Revolut, said. 

Checkout.com

In January this year, Tiger Global was a primary investor in Checkout.com's eye-watering $1bn funding round, which valued it at $40bn.

The investment meant that Checkout.com was crowned the UK's most valuable fintech.

Chargebee

This year, Tiger Global co-led a $250m investment in Chargebee, more than doubling its valuation to $3.5bn.

The funding round meant that the US-based subscription payment processer has raised around $470m to date.

TrueLayer

Last year, Tiger Global led a $130m "mega' funding round in API provider TrueLayer, helping TrueLayer leap to a post-money valuation of more than $1bn.

TrueLayer founder and CEO Francesco Simoneschi said: "Tiger is an iconic investor in everything that is digital commerce and technology.They have seen different stories of payment technology unfolding in [every] part of the world."

Qonto

In January this year, Tiger Global jointly led a $552m funding round- along with TCV- in French challenger bank Qonto.  

The investment round in Qonto, which operates in France, Germany, Italy and Spain, marked one of the biggest rounds in the French tech scene.

Spendesk

Also in January this year, Tiger Global led a €100m investment in another French startup Spendesk, which helped up its value to more than $1.14bn and elevated it to unicorn status.

Spendesk offers an all-in-one corporate spending management platform for medium-sized firms in Europe.

Veriff

In another investment this year, Tiger Global co-led a $100m investment in Estonian identity verification startup Veriff, elevating its value to $1.5bn.

Veriff uses AI-powered video to verify identities and says that its video approach makes online identity verification "more accurate" than physical face-to-face authentication and prevents fraud more often.

Stake

Last May, Tiger Global was among the backers of a $30m fundraise in Australian commission-free stock trading platform Stake.

The New York investment firm—which has also backed Australian startups Tyro and Safetyculture—was joined in the investment round by partners of London-based DST Global.

Mambu

Tiger Global contributed to a £10m funding round in Mambu, the Berlin-based SaaS platform, in January last year.

The funding gave Mambu a post-money valuation of €1.7bn.

Jar

Just a few days ago, Jar, a fintech less than a year old, raised $32m in its Series finance round, which was led by Tiger Global.

Jar is already helping millions of Indians with their savings and investments and the new investment rounds values Jar at $32m.

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