Launch of 1st FINTECH SEIS Fund in the UK
Investing in the fast growing Financial Technology (“FinTech”) sector, the Fund will invest in a number of companies across the FinTech universe: from foreign exchange to insurance. The Fund is the first SEIS fund purely dedicated to British startups in the Financial Technology (“FinTech”) sector and has a strong pipeline of deals from a FINTECH Circle, a specialist FinTech network. The Fund aims to provide investors with the combination of capital appreciation together with SEIS tax reliefs.
The Team: The FinTech 2016 SEIS Fund is a collaboration between three organisations, each contributing complimentary skills, expertise and market knowledge.
FINTECH Circle is Europe’s first network focused on FinTech and brings together over 5,000 FinTech entrepreneurs, investors and industry experts to source the most attractive FinTech early stage investment opportunities and, once funded, help startups grow their businesses.
Startup Funding Club is a team of entrepreneurs, mentors and business angels specialised in sourcing early stage investments and accompanying startups in their development. The SFC team analyses hundreds of opportunities every year as portfolio adviser to several SEIS funds.
Innvotec is a long-established UK venture fund manager whose business model is to work alongside knowledgeable and trusted strategic partners to consistently deliver above average performance for its clients. Innvotec has a strong track record of early stage investments.
Portfolio: The team will bring together a selection of carefully selected FinTech companies to provide a diversified portfolio for investors. An external investor will also be sought for co-investment, providing both diversification and external business model verification.
Follow on Capital: The team has demonstrated their ability to raise both initial and follow on capital for Investee companies to support their growth and scale their businesses.