Mitek
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1995
Tuesday 22 August 2017

LATEST NEWS

Finstar earmarks $150m for FinTech investment

Written by Michelle Stevens
19/07/2017

The Finstar Financial Group has unveiled a $150 million fund that it will use to invest both in new FinTech startups and its in-house research and development of financial technology.

The international private equity group said its five-year investment plan was part of a wider strategy to expand and improve its FinTech offering, particularly in its primary markets of Europe, Latin America and Southeast Asia.

In terms of FinTech startup investment, group chairman Oleg Boyko said the company would be targeting three to six deals per year, in the seed to Series A rounds, typically ranging from $500,000 to $30 million in value.

Boyko added of the in-house plans: “Our R&D investment is about pushing financial technology further and leveraging that innovation across our already strong FinTech portfolio. This means that beyond our financial commitment to the sector, the businesses we work with benefit from the strength of our technical resources and the depth of our expertise.”

Over the past two years, Finstar has already started strategic cooperation programmes with European FinTech companies Spotcap, Euroloan, Viventor and Rocket10. It has also expanded its collaboration with FinTech entrepreneurs through FinstarLabs – a hub which focuses on developing FinTech, AdTech and Big Data innovations, as well as identifying, investing in and incubating tech startups.



Related Articles


Most read stories...
World Markets (15 minute+ time delay)
FTSE 100
7318.88
-5.10
Nikkei 225
19393.13
-77.28
S&P 500
2426.48
+0.93
Crude Oil
N/A
N/A