InvestCloud recapitalization values firm at $1 billion
Investor Motive Partners will contribute its Finantix and Tegra118 businesses, creating a global software-as-a-service wealth solutions platform.
InvestCloud, a Los Angeles-based fintech firm whose services include a wealth management platform, has completed a recapitalization that includes capital from new investors led by Motive Partners and Clearlake Capital, as well as other InvestCloud client shareholders.
Under the terms of the agree
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