Armada provides cloud infrastructure and payment processing for financial institutions and fintechs.
$230MSeries B
A $230M Series B from BlackRock signals that emerging-market fintech infrastructure is now institutional-grade—this isn't venture capital, it's asset managers betting on scale. Armada's likely using this to build out payment rails, compliance stacks, or banking-as-a-service for EM regions where traditional infrastructure is fragmented. If you're building B2B SaaS for emerging markets, watch whether Armada becomes a distribution moat or a bottleneck—either way, you'll need to integrate with or around them.