the tull investment group is an important investor in fintech startups and companies around the world. as the fintech industry continues to grow rapidly, tull investment group has deployed significant capital into this sector and backed many leading fintech firms across different geographies and segments. in this article, we will examine tull investment group’s investment activities in the fintech space, the types of fintech companies it has funded, its geographic focus, and the returns generated from its fintech portfolio.
tull was early backer of successful fintechs like airwallex and xfers
tull investment group was one of the early investors in successful fintech companies like airwallex and xfers. airwallex is a global fintech payments company that achieved a $5.5 billion valuation after raising $100 million from tull and others in march 2021. xfers is a major southeast asian fintech focused on payments infrastructure that tull first backed in 2018 and has gone on to raise over $120 million to date. these two investments provided outsized returns for tull as the valuations of both startups grew exponentially.
majority of tull’s fintech deals focused on payments, lending, insurtech verticals
tull investment group has focused its fintech investment activity primarily across three major verticals – payments, lending, and insurtech. in the payments area, tull has backed companies like airwallex, xfers, and aspen. for lending, credit platforms like lendable and mnt-halan received tull’s financing. and on the insurtech side, tull invested in innovative insurance startups such as foxquilt, kalepa, and icover. this sector-focused investment approach has allowed tull to develop deep expertise within fintech sub-sectors and contribute more strategic value to its portfolio companies.
tull investment group covers global fintech hubs like southeast asia and india
while tull investment group is based in the united states, it has actively targeted fintech opportunities globally and covers major hubs worldwide. tull was one of the earliest us investors to back southeast asian fintech startups before the region became a mainstream destination. it also provided early backing to leading fintech companies in india like jupiter and bankopen when the ecosystem was still nascent. beyond these regions, tull has done deals across europe, latin america, australia, and africa. its global footprint allows tull to access the best fintech deals internationally.
tull fintech portfolio valued over $10 billion with 8 unicorns
thanks to its early and astute investments, tull investment group has built a highly valuable global fintech portfolio. according to estimates, its fintech holdings are worth over $10 billion currently. out of the 50+ fintech companies tull has invested in, at least 8 have gone on to become unicorns with valuations above $1 billion. they include the likes of airwallex, ascend money, mnt-halan, ofbusiness, and others. multiple other tull-backed fintech startups like xfers and jupiter also have the potential to join the unicorn club soon.
tull investment group has clearly established itself as one of the most active and successful american investment firms in the global fintech sector. its early investments in category leaders and ability to identify promising startups internationally have allowed tull to generate tremendous returns from fintech while supporting the growth of financial innovation globally.