Ziegler Link-Age contributed to a round for SoftBank-backed financial wellness service PayActiv that increased its overall funding to $133m.
PayActiv, a US-based financial wellness data provider backed by telecommunications and internet conglomerate SoftBank, has received $100m in a series C round featuring Ziegler Link-Age’s Fund II.
Ziegler Link-Age, a joint venture of senior data and product purchasing services provider Link-age and investment bank Ziegler, joined diversified holding group Eldridge, which led the round, and private equity firm Generation Partners.
The equity funding was secured alongside an expandable variable funding facility with retirement savings services provider Security Benefit.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
