Predict your next investment

Corporation
INTERNET | Internet Software & Services / Business Intelligence, Analytics & Performance Mgmt
ihsmarkit.com

See what CB Insights has to offer

Investments

2

Portfolio Exits

8

Partners & Customers

10

About IHS Markit

IHS Markit (NASDAQ: INFO) provides information, analytics, and solutions for clients in business, finance, and government in major industries. IHS Markit was formed from the 2016 merger between IHS and Markit.

IHS Markit Headquarter Location

4th Floor Ropemaker Place 25 Ropemaker Place

London, England, EC2Y 9LY,

United Kingdom

+44 2072602000

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest IHS Markit News

ICYMI funding round-up: DigiDoe, Acorn Finance, ThankUCash, Trust & Will, MDXT, & Paywatch

Jan 14, 2022

14th January 2022 At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news. DigiDoe is “on a march to revolutionise the world’s outdated payments infrastructure” London-based paytech DigiDoe has secured £852,500 from new investors in an initial funding round, which it says “was closed early because of high levels of customer interest in DigiDoe’s unique next generation, fraud-inhibiting, multi-currency payments system”. The round was led by investment firm Joint Journey and gives DigiDoe a 12-month runway. The start-up says it’s “on a march to revolutionise the world’s outdated payments infrastructure” and claims to be the first company in the UK to offer biometrics-based payments to merchants without the presence of a card or phone. DigiDoe is now trialling its patented multi-factor biometrics-based 7D user authentication technology. Designed from scratch, the solution can generate 200,000 transactions per second, compared to the 60,000 transactions-per-second capacity of current credit card providers, the company says. Acorn Finance, which describes itself as “the world’s first embedded lending marketplace for home improvement financing”, has raised $8.4 million in Series A funding. The round was led by MassMutual Ventures. Its managing director, Eric Emmons, will join the Acorn Finance board of directors. Moderne Ventures and previous investors Vestigo Ventures, Accomplice, and MetaProp also participated in the round. A prior $4 million in seed financing brings the company’s total funding to $12.4 million. US-based Acorn Finance says the latest funding will help “to expand the number of lenders in its marketplace by including regional banks and credit unions, process loans almost instantaneously instead of next day, enhance the customer experience by slashing application time in half, and improve its algorithms to help borrowers choose the right offer based on key criteria including location, how quickly they need the money, the type of project, and their credit risk”. It also plans to double its team. In 2021, the number of customers applying for loans through the Acorn Finance platform and Acorn’s revenue grew by 800%. It is now exploring a foray into additional industries including elective healthcare, legal expenses, and e-commerce. ThankUCash co-founders Online multi-merchant rewards platform ThankUCash has closed a $5.3 million seed funding round, co-led by venture capital firms 500 Global and Unicorn Growth Capital. Expert Dojo, Predictive VC, SaaS Growth Ventures, Betatron Venture Group, and Accelerex Holdings also participated, as well as individual investors like Andrew Dell (ex-CEO of HSBC Africa) and Craig Fenton (director, strategy and operations, Google UK). ThankUCash was launched in Nigeria in 2018 by Connected Analytics. It says it has over 600,000 users and 1,000 stores on its platform, and has processed over $80 million in transaction volume. It employs 45 people. It previously raised $320,000 in pre-seed funding. The new funds will be used for expansion into Ghana and Kenya, the company says. UBS Next, the $200 million fintech portfolio of Swiss banking giant UBS, has invested in US-based Trust & Will, a digital estate planning platform. “With this investment, we are exploring services beyond banking where we can partner to deliver real value for our firm,” comments Mike Dargan, UBS Group chief digital and information officer. UBS Next was set up in 2020 and primarily pursues minority, direct investments into early stage (Series A and Series B) fintech and technology companies with strategic and financial relevance (i.e. direct business or client impact or catalysts for platform/process improvements). MDX Technology (MDXT), a UK-based provider of real-time data collaboration technology, has secured “significant investment” from a group of private backers, including Daniel Simpson and Emanuel Mond, co-founders of Cadis (now IHS Markit EDM), and Graham Denyer, ex-CTO of the IHS Markit EDM offering. The investment amount is undisclosed. Paul Watmough, CEO at MDXT, says the firm’s tech is used by “nearly 40 high-profile investment banks, interdealer brokers and buy-side firms” and underpins the MDXT marketplace. Paywatch founders, brothers Alex Kim (left) and Richard Kim (right) Earned wage access (EWA) service provider Paywatch has raised $5.25 in a seed funding round led by US venture capital firm Third Prime and a number of family offices in Singapore and Hong Kong. SparkLabs, Won & Partners, and CTK Investments also participated in the round. Paywatch claims it is “the only EWA service provider in Asia that works with top banks – such as Hong Leong Bank in Malaysia and Hana Bank in South Korea – to provide workers access to their earned wages, in real-time, before payday”. It is integrated with five established financial institutions across Asia, and “serves as a bridge that provides its underbanked users with direct financial access to reputable banks”. Operating in South Korea, Malaysia, and Hong Kong, the company plans to use the fresh funds to accelerate expansion efforts into new Southeast Asian markets, including Indonesia and the Philippines. Paywatch was founded in 2018 by brothers Richard Kim (ex-MasterCard and HSBC) and Alex Kim.

IHS Markit Investments

2 Investments

IHS Markit has made 2 investments. Their latest investment was in Gen II Fund Services as part of their Growth Equity on November 11, 2020.

CBI Logo

IHS Markit Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2020

Growth Equity

Gen II Fund Services

Yes

1

4/10/2018

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/6/2020

4/10/2018

Round

Growth Equity

Series A

Company

Gen II Fund Services

Subscribe to see more

Amount

$99M

New?

Yes

Subscribe to see more

Co-Investors

Sources

1

10

IHS Markit Portfolio Exits

8 Portfolio Exits

IHS Markit has 8 portfolio exits. Their latest portfolio exit was IHS Markit - Base Chemicals Business on December 27, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/27/2021

Divestiture

$99M

12

12/14/2021

Acquired - II

Subscribe to see more

Subscribe to see more

10

9/1/2021

Merger

Subscribe to see more

Subscribe to see more

10

8/2/2021

Acquired - II

Subscribe to see more

$99M

Subscribe to see more

10

9/24/2019

Acq - Fin

Subscribe to see more

Subscribe to see more

10

Date

12/27/2021

12/14/2021

9/1/2021

8/2/2021

9/24/2019

Exit

Divestiture

Acquired - II

Merger

Acquired - II

Acq - Fin

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

12

10

10

10

10

IHS Markit Acquisitions

35 Acquisitions

IHS Markit acquired 35 companies. Their latest acquisition was OSTTRA on September 01, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/1/2021

$99M

Corporate Majority

1

1/11/2021

Series A

$99M

$4M

Acquired

15

5/4/2020

$99M

Acquired

5

10/10/2019

Subscribe to see more

$99M

Subscribe to see more

10

5/21/2018

Private Equity

Subscribe to see more

$99M

$99M

Subscribe to see more

10

Date

9/1/2021

1/11/2021

5/4/2020

10/10/2019

5/21/2018

Investment Stage

Series A

Private Equity

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$4M

$99M

Note

Corporate Majority

Acquired

Acquired

Subscribe to see more

Subscribe to see more

Sources

1

15

5

10

10

IHS Markit Partners & Customers

10 Partners and customers

IHS Markit has 10 strategic partners and customers. IHS Markit recently partnered with Coinbase on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/29/2021

Client

Coinbase

United States

Coinbase selects IHS Markit for tax reporting

This partnership will see IHS Markit create and deliver Forms 1099-MISC for Coinbase customers , with plans to expand into additional reporting in the future , creating a seamless process for crypto enthusiasts .

2

9/15/2021

Partner

HazelTree

United States

Hazeltree Partners with IHS Markit to Deliver Best-In-Class Treasury and Portfolio Finance Solutions

15 , 2021 -- Hazeltree , the leading provider of integrated treasury management and portfolio finance solutions to alternative investment managers , and IHS Markit , a world leader in critical information , analytics and solutions , today announced a strategic alliance to offer clients an integrated treasury and portfolio finance solution powered by IHS Markit 's industry-leading Securities Finance dataset .

3

9/15/2021

Partner

SESAMm

France

Unique insights from Global Trade Data and Machine Learning now available through IHS Markit and SESAMm partnership - SESAMm

Unique insights from Global Trade Data and Machine Learning now available through IHS Markit Ltd. and SESAMm partnership .

1

9/13/2021

Partner

Yieldbroker

Australia

Subscribe to see more

Subscribe to see more

10

9/3/2021

Partner

FinTech Studios

United States

Subscribe to see more

Subscribe to see more

10

Date

9/29/2021

9/15/2021

9/15/2021

9/13/2021

9/3/2021

Type

Client

Partner

Partner

Partner

Partner

Business Partner

Coinbase

HazelTree

SESAMm

Yieldbroker

FinTech Studios

Country

United States

United States

France

Australia

United States

News Snippet

Coinbase selects IHS Markit for tax reporting

This partnership will see IHS Markit create and deliver Forms 1099-MISC for Coinbase customers , with plans to expand into additional reporting in the future , creating a seamless process for crypto enthusiasts .

Hazeltree Partners with IHS Markit to Deliver Best-In-Class Treasury and Portfolio Finance Solutions

15 , 2021 -- Hazeltree , the leading provider of integrated treasury management and portfolio finance solutions to alternative investment managers , and IHS Markit , a world leader in critical information , analytics and solutions , today announced a strategic alliance to offer clients an integrated treasury and portfolio finance solution powered by IHS Markit 's industry-leading Securities Finance dataset .

Unique insights from Global Trade Data and Machine Learning now available through IHS Markit and SESAMm partnership - SESAMm

Unique insights from Global Trade Data and Machine Learning now available through IHS Markit Ltd. and SESAMm partnership .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

2

3

1

10

10

IHS Markit Team

32 Team Members

IHS Markit has 32 team members, including current Chief Executive Officer, Jerre Stead.

Name

Work History

Title

Status

Jerre Stead

Chief Executive Officer

Current

David May

Founder

Former

Scott Key

Chief Executive Officer, President, Chief Operating Officer, Senior Vice President

Former

Brad Levy

Chief Executive Officer

Former

John Redfern

President

Former

Name

Jerre Stead

David May

Scott Key

Brad Levy

John Redfern

Work History

Title

Chief Executive Officer

Founder

Chief Executive Officer, President, Chief Operating Officer, Senior Vice President

Chief Executive Officer

President

Status

Current

Former

Former

Former

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.