Mouro Capital has announced the final closing of its newest and largest fund to date Mouro Capital Fund III, with $400 million secured, bringing total platform commitments to over $1 billion.
For more than ten years, the firm has been backing founders who are redefining financial services through technology, building a clear investment thesis focused on the digital transformation of the financial sector.
Mouro has detailed that its specialist focus has enabled it to achieve a return equivalent to four times the capital invested, supported by 26 exits. The 10 best-performing companies in its portfolio have recorded a 97% annualized growth rate over the past five years, while the reinvestment rate in its portfolio companies stands at 66%.
With this latest fundraising, Mouro Capital strengthens its global strategy built around a single investment thesis deployed across three key regions: Europe, the United States, and Latin America. The firm believes financial services are global in ambition but local in execution, and therefore invests close to the markets, with strong regulatory expertise and an international perspective aimed at helping founders scale across geographies.
The firm’s approach is built around three core pillars: conviction, continuity, and connections. Mouro Capital builds conviction over time rather than in moments, enabling it to move quickly when meaningful opportunities arise. It also maintains strong follow-on discipline, with a historic reinvestment rate of 66%, consistently supporting founders across successive funding rounds. In addition, the firm creates value through its deep industry network, connecting portfolio companies with banks, insurers, and payment networks from day one.
The firm highlights that the financial services sector is undergoing one of the most significant transformations in decades, driven by artificial intelligence, advanced data capabilities, and new infrastructure layers. Against this backdrop, Mouro Capital reaffirms its commitment to supporting founders building the next generation of companies in the sector.
“With this new fund, we aim to support the next generation of entrepreneurs who are transforming financial services through artificial intelligence, data, and infrastructure. We see particularly attractive opportunities in areas such as capital markets and wealth management,” said Mouro partner Manuel Silva.
“We trust Mouro Capital’s ability to identify the entrepreneurs and companies best positioned to drive the next phase of innovation in the sector. This investment reinforces our commitment to the platform and its track record,” said Javier García-Carranza, Global Head of Wealth Management and Insurance at Banco Santander.
With this new fund, Mouro Capital further consolidates its position as a leading global fintech investor, strengthening its ability to support companies across all stages of growth on an international scale
Already backing the next wave
The founders rewiring financial services through AI, data and infrastructure are already in the portfolio. ElevenLabs is building conversational AI with a strong focus on financial services agents. Sakana AI is applying AI to the modernisation of banking processes. Alinia is helping organisations deploy AI within the right regulatory and policy frameworks. Burbank is bringing card-present security to online payments for the first time, in a market reshaped by regulation and commerce.
These companies reflect the same thesis that has driven Mouro since 2015: backing founders at the forefront of fintech who are reshaping financial services through AI, data and infrastructure.
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