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Just sit right back and you'll read a tale, a tale of a damaged ship. It started in a Lake Erie port, and set off for a five-hour trip.

Motive Partners and Clearlake Invest in InvestCloud Motive Partners, a specialist private equity firm focused on growth and buyout investments in enterprise financial services software companies, and  Clearlake Capital Group LP, a sector-focused investor that partners with management teams by providing patient, long-term capital to businesses, have acquired 80% of InvestCloud, a modular digital wealth and investment management software solutions platform.  Motive Partners and Clearlake have simultaneously combined InvestCloud with existing Motive Partners portfolio companies Finantix and ...

Business will have $4trn in assets California-based global fintech firm Investcloud has recapitalised the business at $1bn (£730m, €824m) following investment from Motive Partners and Clearlake Capital Group. Under the agreement, Investcloud will merge with Motive’s two portfolio businesses, Finantix and Tegra118, to create a global software-as-a-service (Saas) wealth solutions platform. Following the merger, the global fintech business will reach $4trn in assets. ‘Fuel’ growth John Wise, Investcloud’s co-founder and chief executive, said: “The recapitalisation achieves our first...

InvestCloud aims to be the Amazon of wealthtech with Tegra118 merger Global fintech InvestCloud completed a recapitalization that establishes the firm as the latest fintech unicorn while positioning it to rival TAMP offerings, according to experts. February 3, 2021 2 MINS Global technology platform InvestCloud is ready to have a seat at the table with wealthtech powerhouses like Envestnet after the completion of a recapitalization that drove it to reach unicorn status with a $1 billion valuation.  The recapitalization, announced Tuesday, includes fresh investments led b...

Los Angeles based Fintech InvestCloud Completes Recapitalization, Wealth Platform Now Valued at $1B California-headquartered Fintech firm According to a release, new financial investors are led by Motive Partners with Clearlake Capital Group, L.P. and also includes other InvestCloud client shareholders. Under the terms of the deal, Motive Partners will be contributing two portfolio businesses, Finantix and John Wise, InvestCloud’s Co-founder and CEO, stated: “The recapitalization achieves our first objective. At a valuation of $1 billion, we can reward early investors in the business...