- Finch Capital formerly was operating under the brand Orange Growth Capital. The new brand name reflects the firm’s global financial technology focus
- Key geographical markets for investment are Europe and South East Asia
AMSTERDAM & LONDON & JAKARTA, Indonesia, Nov 29 (Bernama-BUSINESS WIRE) -- Today Finch Capital, financial technology venture capital firm, announced that it has led the Series A investments for two companies: an investment in Ayopop, an Indonesian mobile bill payment platform and a €2 million investment in Ikbenfrits, a digital mortgage broker based in the Netherlands. Finch Capital will join both companies’ boards.
From its offices in Amsterdam, London and Singapore, Finch Capital invests in innovative technology companies that are driving the transformation of the financial services industry. Its portfolio companies are solving problems associated with legacy financial services systems and innovating to increase revenue, reduce costs and improving customer interactions.
Radboud Vlaar, Partner at Finch Capital said: “We are the only fintech VC to focus on start ups in both Europe and South East Asia and are seeing significant innovation in these markets. In Europe, financial services represents 30% of GDP: it is well established but ripe for innovation. By contrast, in South East Asia, the opportunity lies in the new technologies that are, for the first time, providing financial services to a large underserved market. We are specifically interested in Indonesia as it is predicted to be the world’s 4th largest economy by 20501. These market dynamics provide exciting investment opportunities for us.”
Hans de Back, Partner at Finch Capital commented on Finch Capital’s Indonesian investment: “Ayopop’s platform gives consumers an efficient way of making bill payments and illustrates how customers are using new avenues to achieve this. We were impressed with Ayopop’s growth, execution and product development. Ayopop has become a one-stop payments solution for Indonesian consumers that takes care of a variety of their needs. We look forward to working with the team during the next growth phase.”
Radboud Vlaar comments on Finch Capital’s investment in Ikbenfrits: “Since its inception in 2015, Ikbenfrits has brought significant efficiencies to the proptech industry, by targeting the refinance mortgage niche. Although the Netherlands is the second largest mortgage market in Europe, it has until now been fragmented and difficult to navigate. We are thrilled to work closely with the Ikbenfrits team, who in a short time have gained the largest on-line market share in this region, proving the company’s utility and potential to scale.”
http://mrem.bernama.com/viewsm.php?idm=30668
- Key geographical markets for investment are Europe and South East Asia
AMSTERDAM & LONDON & JAKARTA, Indonesia, Nov 29 (Bernama-BUSINESS WIRE) -- Today Finch Capital, financial technology venture capital firm, announced that it has led the Series A investments for two companies: an investment in Ayopop, an Indonesian mobile bill payment platform and a €2 million investment in Ikbenfrits, a digital mortgage broker based in the Netherlands. Finch Capital will join both companies’ boards.
From its offices in Amsterdam, London and Singapore, Finch Capital invests in innovative technology companies that are driving the transformation of the financial services industry. Its portfolio companies are solving problems associated with legacy financial services systems and innovating to increase revenue, reduce costs and improving customer interactions.
Radboud Vlaar, Partner at Finch Capital said: “We are the only fintech VC to focus on start ups in both Europe and South East Asia and are seeing significant innovation in these markets. In Europe, financial services represents 30% of GDP: it is well established but ripe for innovation. By contrast, in South East Asia, the opportunity lies in the new technologies that are, for the first time, providing financial services to a large underserved market. We are specifically interested in Indonesia as it is predicted to be the world’s 4th largest economy by 20501. These market dynamics provide exciting investment opportunities for us.”
Hans de Back, Partner at Finch Capital commented on Finch Capital’s Indonesian investment: “Ayopop’s platform gives consumers an efficient way of making bill payments and illustrates how customers are using new avenues to achieve this. We were impressed with Ayopop’s growth, execution and product development. Ayopop has become a one-stop payments solution for Indonesian consumers that takes care of a variety of their needs. We look forward to working with the team during the next growth phase.”
Radboud Vlaar comments on Finch Capital’s investment in Ikbenfrits: “Since its inception in 2015, Ikbenfrits has brought significant efficiencies to the proptech industry, by targeting the refinance mortgage niche. Although the Netherlands is the second largest mortgage market in Europe, it has until now been fragmented and difficult to navigate. We are thrilled to work closely with the Ikbenfrits team, who in a short time have gained the largest on-line market share in this region, proving the company’s utility and potential to scale.”
http://mrem.bernama.com/viewsm.php?idm=30668
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