Assets Under Management AUM

FinTech Collective raises $ 250 million; Launch digital asset strategy


FinTech collective, a New York-based venture capital firm focused on investing in traditional financial technologies and emerging digital assets, has raised combined capital of $ 250 million.

The company noted:

  • $ 200 million to focus on start-up investments in entrepreneurs who are rewiring the way money flows around the world and investing thematically and in capital markets, wealth and asset management, payments bank loans and insurance, as well as
  • $ 50 million to focus on open source and composable financial protocols and applications built on smart contract platforms such as Ethereum. The DeFi strategy will invest in the range of emerging opportunities in the decentralized finance space, including both stocks and liquid tokens.

Sponsors include some of the world’s largest and most respected institutional asset managers, including the State of Wisconsin Investment Board, the State of Illinois Teachers’ Retirement System, Greenspring Associates and StepStone Group. New sponsors further include some of the most experienced institutional crypto investors in the United States and Europe, including DRW and Alan Howard.

The two fundraisers brought the company’s total assets under management (AUM) to more than $ 500 million.

Founded in 2012, FinTech Collective is led by Managing Partners Brooks Gibbins and Gareth Jones, who have worked together for more than two decades as entrepreneurs and operators in the fintech space, having built and sold four companies for one more product. of $ 1.5 billion.

The company invests worldwide and has 53 companies operating in USA, Latin America, UK / Europe and Africa. Notable exits include Quovo at Plaid, Reorg Research at Warburg Pincus, and MoneyLion, which announced it would go public through a merger with SPAC Fusion Acquisition Corp. in a $ 2.9 billion deal.

FinSME

08/22/2021



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