Finance Breaking news Finch Capital closes €150m fintech fund last financial news
Breaking-Finance.Com - Finch Capital has closed on its third fintech venture fund, raising €150 million to acquire significant minority stakes in scale up companies with €2-5M in revenues.
Breaking-Finance.Com - Finch Capital has closed on its third fintech venture fund, raising €150 million to acquire significant minority stakes in scale up companies with €2-5M in revenues. Since its inception in 2013, the firm has made a total of 40 investments across Europe and Asia with a current portfolio that includes a range of companies spanning fintech, regtech and insurtech, and includes Trussle, Fourthline, Grab, Hiber, BUX, Twisto, and Zopa.As with its previous funds, Finch plans to back 15-20 European startups, targeting liquidity 3-5 years post investment, over the fund’s three year initial investment lifespan. As active investors, Finch seeks 20-49% ownership in its portfolio companies.Radboud Vlaar, MD Finch Capital, says: “We have always been bullish on investing in Financial Technology. Moving forward, we are doubling down on financial software, especially those companies that leverage AI to this end.
. These are the companies we are focused on working with now. With the right support and management they have great risk/return outcomes and they are ready to build leading positions and consolidate the European market.”In 2020 the firm launched Flowrence, a machine learning AI tool, to support its deal flow and sourcing. Vlaar says that over the last six months, 20% of the firm’s shortlisted deals were sourced by Flowrence, especially helpful during a period of limited travel and in person meet ups.The company is also raising funding for a $50 million war chest dedicated to South East Asian markets, winning support from Arise (Part of MDI) and a leading South East Asian Bank.
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