FinTech Collective, a venture capital firm focused on creating the future of financial services by investing across traditional fintech and emerging digital assets. FinTech Collective backs entrepreneurs rewiring how money moves through the world and invests thematically and across capital markets, wealth and asset management, banking-lending-payments, and insurance. The firm raised $200 million to focus on early-stage investments as well as $50 million focused on open-source, composable financial protocols and applications being built on smart-contracting platforms such as Ethereum. The DeFi strategy will invest across the breadth of opportunities emerging in the decentralized finance space – including both equity and liquid tokens. FinTech Collective invests globally and has 53 companies operating in the United States, Latin America, the UK/Europe, and Africa. The firm’s notable exits include Quovo to Plaid, Reorg Research to Warburg Pincus, and MoneyLion, which announced it will go public through a merger with the SPAC Fusion Acquisition Corp. in a $2.9 billion deal.
In FinTech Collective’s current portfolios, 20% of the investments are blockchain and DeFi, including five fintech unicorns, which are valued at more than a billion dollars. The firm’s “hit rate” (companies that are still active) currently stands at 96%, which is notable for the fact that two-thirds of those initial investments were into pre-revenue companies. FinTech Collective’s limited partners include some of the largest and most well-respected institutional asset managers in the world, including The State of Wisconsin Investment Board, The Teachers’ Retirement System of the State of Illinois, Greenspring Associates, and StepStone Group. New limited partners additionally include some of the most experienced institutional crypto investors in the US and Europe, including DRW and Alan Howard. FinTech Collective is an SEC registered investment adviser and global venture capital firm focused on technology startups with the potential to reimagine financial services. Founded in 2012, the firm has deep experience investing across capital markets, wealth management, banking, lending, payments, insurance, and digital assets. The managing partners of FinTech Collective met in their mid-20’s and helped build, scale, and sell four fintech businesses generating over $1.5 billion of shareholder value.