Velocity Capital Announces €105M Global FinTech Venture Fund
Fund Focuses Exclusively on Startups in Financial Services, Spanning Europe, Africa, North America & Beyond
AMSTERDAM, The Netherlands, June 04, 2019 (GLOBE NEWSWIRE) -- Velocity Capital announced today the launch of its €105M FinTech Ventures Fund dedicated to backing early stage FinTech companies that advance how people, businesses, and financial institutions grow economic opportunity.
“At Velocity, we are interested in funding founders who demonstrate a vision for applying FinTech to improve the human experience, the tenacity to make it a reality no matter what, and a business model that is already showing traction,” said Willem Willemstein, general partner & founder of Velocity Capital. “This founder-first approach is something we strongly believe in and one that has always served us well.”
Because Velocity’s partners have been founders, CEOs, and operators of companies in highly regulated B2B and B2C industries, they offer their portfolio companies the experience and know-how to help navigate those complex landscapes. Joining Willemstein in the management of the fund are FinTech venture capital veteran Allard Luchsinger and former FinTech founder and CEO Don Montanaro.
Velocity’s FinTech Venture Fund already includes a portfolio of innovative companies transitioned from Velocity Capital Private Equity that address major barriers and inefficiencies in banking, credit, payment, insurance, money management, and investing. The firm is looking to round out its evergreen fund with new breakthrough solutions in these and other high-growth FinTech areas.
“While we seek fast growth where possible, we also recognize the realities of business and have structured our fund differently to have the capacity to be patient,” added Willemstein. “We care more about preparing and supporting our founders to run big companies than about a ticking clock.”
About Velocity Capital
Velocity invests in unstoppable FinTech founders. We provide early stage, no-seed capital funding to leaders with vision, determination, and strong business models. We stand by these leaders as allies and trusted counselors to help them solve complex issues and achieve their goals. For more information, visit: www.velocityfintech.com.
|In North America
Tier One Partners
|In Europe & Africa
+44 (0) 7809 495 759
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bb1ad81f-9a58-4e98-994f-8b6ff751bb82
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Rockridge Commences Summer Exploration Program at its Raney Gold Project SW of Timmins, Ontario15.7.2020 14:00:10 CEST | Press release
VANCOUVER, British Columbia, July 15, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK)(OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it has commenced phase-one of the summer exploration program at its Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”). The first phase of the program will concentrate on delineating and prioritizing additional drill targets over the broad structural corridor that hosts the high-grade gold mineralization. Raney Gold Project Location Map: http://www.rockridgeresourcesltd.com/_resources/maps/location_map_may2020a.jpg Highlights: The Raney Gold Project is a large prospective gold property covering ~2,800 hectares located ~110 km southwest of the prolific gold district of Timmins, ONA recently completed drilling program entailed 2,070 metres in nine diamond drill holes to assess the potential of the mineralized gold system, with the highlight inte
Kallelse till extra bolagsstämma i Acarix AB15.7.2020 13:00:00 CEST | Pressemelding
Kallelse till extra bolagsstämma i Acarix AB Aktieägarna i Acarix AB, org. nr 559009-0667, ("Bolaget") kallas härmed till extra bolagsstämma tisdagen den 11 augusti 2020 kl. 10.00 i Baker & McKenzie Advokatbyrås lokaler på Vasagatan 7 i Stockholm. Information med anledning av coronaviruset På grund av utvecklingen av coronaviruset är målsättningen att extra bolagsstämman ska bli kort och effektiv med minsta risk för smittspridning. Aktieägare bör noga överväga att använda sig av möjligheten att förhandsrösta, se nedan, samt möjligheten att delta genom ombud. Aktieägare som uppvisar symptom på smitta (torrhosta, feber, andningsbesvär, halsont, huvudvärk, muskel- och ledvärk), har varit i kontakt med personer som uppvisar symptom, har vistats i ett riskområde eller tillhör en riskgrupp, uppmanas särskilt att nyttja sig av sådan möjlighet. Bolagets styrelse har beslutat om följande åtgärder för att minimera risken för spridning av coronaviruset vid extra bolagsstämman: Möjligheten att för
Notice of Extra General Meeting in Acarix AB15.7.2020 13:00:00 CEST | Press release
Notice of Extra General Meeting in Acarix AB The shareholders of Acarix AB, reg. no. 559009-0667, (the "Company"), are hereby convened to the extra general meeting to be held on Tuesday 11 August 2020, at 10.00 at Baker & McKenzie Advokatbyrå's premises at Vasagatan 7 in Stockholm.. Information with respect to the coronavirus Due to the development of the coronavirus the goal is that the extra general meeting shall be swift and effective to minimize spread of disease. Shareholders should carefully consider the possibility to vote in advance, please see below, as well as the possibility of participating by way of proxy. Shareholders who display symptoms of infection (dry cough, fever, respiratory distress, sore throat, headache, muscle and joint ache), have been in contact with people displaying symptoms, have visited a risk area, or belong to a risk group, are in particular encouraged to utilize such possibility. The board of directors of the Company has resolved on the following measu
AIR Collaborates with Precisely to Offer Clients Premium International Geocoding in Touchstone 202015.7.2020 12:13:10 CEST | Press release
Boston, July 15, 2020 (GLOBE NEWSWIRE) -- Catastrophe modeling firm AIR Worldwide today announced that as part of its Touchstone® 2020 software release, clients now have the ability to access a premium international address-level geocoding feature from Precisely, the global leader in data integrity, to enhance the quality of their exposure data. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. “Using high quality exposure data, such as any information about the property, its replacement value, and its physical characteristics including the location of that property, has a significant impact on the loss results generated by a catastrophe model,” said Gayatri Natarajan, vice president of product, AIR Worldwide. “Having the right latitude and longitude coordinates for a property can have an enormous bearing upon the accuracy of risk estimation and the impact that extreme events might have on that property. Through our collaboration with Precisely, Touchstone 2020 will help support client
Medtronic to Acquire Medicrea15.7.2020 08:30:10 CEST | Press release
Medtronic Will Become the First Company to Offer an Integrated Solution Including Artificial Intelligence-Driven Surgical Planning, Personalized Spinal Implants and Robotic Assisted Surgery DUBLIN and LYON, France, July 15, 2020 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE:MDT), a global leader in medical technology, and Medicrea (Euronext Growth Paris: FR0004178572 – ALMED Medicrea; OTCQX Best Market – MRNTF), a pioneer in the transformation of spinal surgery through artificial intelligence, predictive modeling and patient specific implants, today announced that they have entered into a tender offer agreement for the acquisition of all outstanding shares of Medicrea. The friendly voluntary all-cash tender offer will be at a price of €7.00 per Medicrea share (the “Tender Offer”). The Boards of Directors of both companies have unanimously approved the transaction. This acquisition would strengthen Medtronic’s position as a global innovator in enabling technologies and solutions for spine sur
Program for the publication of Yara International ASA second quarter results 202015.7.2020 08:00:00 CEST | Press release
The Yara International ASA second quarter 2020 report and presentation will be published on Friday 17 July 2020at08:00 CEST. An on-line presentation and Q&A session will be held at 12:00 CEST, hosted by Yara President and CEO Svein Tore Holsether, CFO Lars Røsæg, EVP Global Plants & Operational Excellence Pål Hestad and EVP Farming Solutions Terje Knutsen. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at: yara.com/investor-relations/latest-quarterly-report/ Yours faithfully for Yara International ASA Thor Giæver Head of Investor Relations About Yara Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger, we pursue a strategy of sustainable value growth, promoting climate-friendly and high-yielding crop nutrition solutions for the world’s farming community and food industry. Yara’s ambition is to be the Crop Nutrition Company for the Future.