202222 Nov

Motive Partners Agrees to Acquire embedded/capital


NEW YORK--(BUSINESS WIRE)--Motive Partners ("Motive" or the "Firm"), a specialist private equity firm focused on building, backing and buying the technology companies that enable the financial economy, today announces that it has entered into an agreement to acquire embedded/capital GmbH ("embedded/capital"), a leading European venture capital platform focused on supporting the next wave of financial technology innovation, subject to customary closing conditions. Since inception, Motive identified a whitespace opportunity to build a leading, fully integrated stage-agnostic investment firm focused solely on financial technology. The combined Motive Ventures team, consisting of 14 people, will be enabled by its market proximity, with on-site presence in three financial technology capitals: Berlin, London and New York City. This acquisition not only adds depth and capability to our team, but provides critical strategic benefits to the rest of the firm, including innovation insights and learning, attracting top talent and enhanced sourcing networks." Since inception, finleap has built 2 unicorns organically (Solaris & Clark) and realized two of the largest exits in the European fintech industry this year (Penta was acquired by Qonto; PAIR Finance was sold to Pollen Street Capital).

Source: Businesswire