TTV Capital Company Profile
Background
Overview
TTV Capital is a venture capital firm specializing in early-stage investments within the financial technology (fintech) sector. Established in 2000 and headquartered in Atlanta, Georgia, the firm has been instrumental in supporting innovative fintech companies that address diverse market needs. With over two decades of experience, TTV Capital has built a robust portfolio of more than 100 financial technology companies, including seven that have achieved unicorn status.
Mission and Vision
TTV Capital's mission is to create enduring value for investors, founders, and the team by supporting portfolio companies at every stage of growth. The firm's vision is to identify and invest in the next generation of businesses that will shape the future of finance, leveraging deep industry knowledge and a founder-friendly approach.
Primary Area of Focus
The firm's primary focus is on early-stage fintech companies, encompassing sectors such as payments, banking software, cybersecurity, risk management, compliance, regtech, financial wellness, insuretech, and the CFO stack. TTV Capital seeks to partner with entrepreneurs who are dedicated to execution and building great products, aiming to modernize the financial services industry through technological innovation.
Industry Significance
As one of the longest-running venture capital firms in the fintech space, TTV Capital has played a pivotal role in the evolution of financial technology. The firm's investments have contributed to the growth and success of numerous fintech companies, influencing the broader financial services landscape and driving innovation within the industry.
Key Strategic Focus
Core Objectives
TTV Capital aims to identify and invest in early-stage fintech companies with sustainable business models and innovative products. The firm focuses on sectors that are undergoing significant transformation due to technological advancements, seeking to partner with entrepreneurs who are dedicated to execution and building great products.
Specific Areas of Specialization
The firm's investment strategy is disciplined yet opportunistic, targeting companies with sustainable business models and innovative products. TTV Capital has a history of leading early investments in multiple category creators, including Bill.com, Shopkeep, Green Dot, and SmartAsset.
Key Technologies Utilized
TTV Capital invests in companies leveraging enabling technologies such as cloud computing, big data, mobile, machine learning, AI, and blockchain to disrupt and modernize the banking and payments sector.
Primary Markets or Conditions Targeted
The firm focuses on the financial services ecosystem, including payments, banking, investing, cybersecurity, Web3, and embedded finance. TTV Capital seeks to partner with entrepreneurs who are dedicated to execution and building great products, aiming to modernize the financial services industry through technological innovation.
Financials and Funding
Funding History
TTV Capital has raised multiple funds since its inception, with the most recent being Fund VI, which closed at $250 million in March 2023. This fund was oversubscribed by $100 million, reflecting strong interest from institutional and strategic investors, as well as family offices.
Total Funds Raised
The firm has raised over $750 million in assets under management across its various funds.
Notable Investors
TTV Capital's limited partners include institutional and strategic investors, as well as family offices. The firm's reputation and track record have attracted a diverse group of investors interested in the fintech sector.
Intended Utilization of Capital
The capital raised is utilized to support early-stage fintech companies across various sectors, including payments, banking, investing, cybersecurity, Web3, and embedded finance. The firm focuses on companies with innovative technology, large potential market opportunities, and dynamic founding teams.
Pipeline Development
Key Pipeline Candidates
TTV Capital's portfolio includes over 100 financial technology companies, with seven achieving unicorn status. Notable investments include Bill.com, Shopkeep, Green Dot, SmartAsset, and others.
Stages of Clinical Trials or Product Development
As a venture capital firm, TTV Capital does not engage in clinical trials or product development directly. Instead, it invests in early-stage companies that are developing innovative products and services within the fintech sector.
Target Conditions
The firm's investments target various aspects of the financial services ecosystem, including payments, banking, investing, cybersecurity, Web3, and embedded finance. TTV Capital seeks to partner with companies that are addressing unmet market needs and have the potential to disrupt traditional financial services.
Relevant Timelines for Anticipated Milestones
TTV Capital's portfolio companies are at various stages of development, with some having achieved significant milestones such as unicorn status. The firm continues to monitor and support its portfolio companies as they progress toward their respective goals.
Technological Platform and Innovation
Proprietary Technologies
TTV Capital invests in companies that leverage enabling technologies such as cloud computing, big data, mobile, machine learning, AI, and blockchain to disrupt and modernize the banking and payments sector.
Significant Scientific Methods
The firm focuses on companies that utilize advanced technologies and methodologies to address challenges in the financial services industry. This includes leveraging machine learning algorithms, big data analytics, and blockchain technology to create innovative solutions.
AI-Driven Capabilities
TTV Capital's portfolio includes companies that incorporate AI-driven capabilities into their products and services, enhancing efficiency, security, and user experience within the fintech sector.
Leadership Team
Gardiner Garrard – Co-Founder and Managing Partner
Gardiner Garrard co-founded TTV Capital in 2000 and serves as the Managing Partner. He has been instrumental in leading the firm to invest in over 100 companies across core financial technologies and embedded fintech, including eight that have attained valuations of $1 billion or higher. Gardiner holds an M.B.A. from the Goizueta Business School at Emory University and a B.A. from the University of North Carolina at Chapel Hill.
W. Thomas Smith Jr. – Co-Founder and Strategic Advisor
Tom Smith co-founded TTV Capital in 2000 and serves as a Strategic Advisor. Prior to founding TTV, he spent thirty years at IBM, primarily in senior leadership roles, including Vice President of IBM Americas and General Manager of IBM Southern Area. Tom holds a B.S. in Business from Miami University.
Mark A. Johnson – Partner
Mark Johnson joined TTV Capital in 2008 as a Partner. He co-founded CheckFree, a leading bill payment system, and served as its Vice Chairman before its acquisition by Fiserv in 2007. Mark holds an M.B.A. from The Ohio State University and a B.S. in Business from Miami University.
Sean Banks – Partner
Sean Banks joined TTV Capital in 2008 as a Partner. He previously served as Vice President of Finance and General Counsel for an Atlanta-based startup. Sean holds an M.B.A. from the Goizueta Business School at Emory University and a J.D. from the University of San Diego. He graduated from the United States Naval Academy with a B.S. in Economics.
Rachel Hamilton – Venture Partner
Rachel Hamilton joined TTV Capital in 2025 as a Venture Partner. She was previously the Chief Marketing Officer at Greenlight, a family fintech company, where she built the company's digital marketing strategy and led its growth to a valuation of $2.3 billion. Rachel holds a B.A. in Environmental Studies and Economics from Dartmouth College.
Neil Kapur – Partner
Neil Kapur joined TTV Capital in 2021 as a Partner. He was previously a Principal at B Capital Group and has experience at Google, where he launched and scaled Google Pay in the U.S. and other geographies. Neil holds an M.B.A. from UCLA’s Anderson School of Management and a B.S. in Economics from Emory University.
Leadership Changes
In April 2025, TTV Capital added Lynne Laube and Rachel Hamilton as Venture Partners. Rachel Hamilton's appointment was announced.
