TTV Capital is a venture capital firm based in Atlanta, Georgia, focused on financial technology. Founded in 2004, TTV concentrates on early- and growth-stage companies operating in payments, lending, banking infrastructure, and adjacent fintech verticals. The firm has built a track record through multiple fund cycles, with its later funds reaching north of $200 million in committed capital – though the firm has not consistently published precise AUM figures publicly.
Unlike generalist technology funds that move in and out of fintech opportunistically, TTV structures its team around deep domain expertise in financial services. The firm targets companies that sell technology into banks, credit unions, payment networks, or directly to consumers through financial products. This positioning has historically given TTV deal flow and board-level influence that broader funds find harder to replicate in regulated financial sectors.
TTV's geographic base in Atlanta is deliberate. The city hosts a dense cluster of payment processing infrastructure companies – sometimes called "Transaction Alley" – and TTV has long operated at the center of that network. Portfolio sourcing leans heavily on operator relationships within that ecosystem, though the firm invests nationally.
Notable investments
- Kabbage – small business lending platform, acquired by American Express in 2020 for a reported ~$850 million. One of TTV's clearest exits.
- CardConnect – payment processing company acquired by First Data for approximately $750 million in 2017.
- Green Dot – prepaid debit card and banking services company, now publicly traded (NYSE: GDOT).
- Greenlight Financial Technology – debit card and financial platform for children and families, valued at over $2 billion at its Series D.
- Very Good Security (VGS) – data security infrastructure for payments and sensitive financial data.
- Stax (formerly Fattmerchant) – subscription-based payment processing for small businesses.
- Autobooks – small business accounting and invoicing embedded in bank platforms.
Public information on TTV's specific crypto or digital asset portfolio is limited. The firm's disclosed investments concentrate on regulated fintech rather than native crypto protocols or token projects.
Team
TTV Capital was co-founded by Gardiner Garrard III and Mark Johnson. Both have backgrounds in financial services and technology investing predating the firm. Garrard has been a consistent public voice for Atlanta's fintech community and has served on boards of several portfolio companies. Johnson's background spans operating and investing roles in payments. The firm has expanded its partner and principal team across fund generations, though detailed biographical pages are sparse on the firm's public-facing materials. Further team detail is available on TTV's LinkedIn page and Crunchbase.
Recent activity
TTV has remained active in payments infrastructure and embedded finance themes through 2024 and into 2025, consistent with its historical focus. The broader fintech correction of 2022–2023 affected valuations across the portfolio, as it did for all fintech-focused funds. TTV has not announced a major new flagship fund publicly in that window, though the firm has continued making new commitments at the seed and Series A stage in banking-as-a-service and lending technology verticals.
TTV represents a specialist fintech fund with a genuine track record of exits – Kabbage and CardConnect in particular are credible proof points. Its Atlanta roots give it durable access to payments deal flow that coast-based generalist funds compete for from a distance. For investors or founders evaluating TTV, the key question is stage fit: the firm's sweet spot has historically been companies past initial product-market fit seeking capital to scale within regulated financial channels, not pre-revenue bets. Public disclosure of fund terms and LP composition remains limited, which is common for firms of this size.