26 April 2024

14Peaks Raises $30mn to back FinTech

Written By FinTech Alliance in Capital Markets

14Peaks Raises $30mn to back FinTech

The fund’s focus is on business-to-business software.

In brief:

- The focus on business-to-business software providers is in two verticals – financial technology (fintech) and the future of work.

- It’s an approach Ermotti is now offering to investors in 14Peaks’ inaugural fund, which will today announce it has closed with $30 million raised from a combination of family offices and high-net-worth individuals.

- Early investments include a stake in Rain, the US fintech which works with employers to offer staff advances on salary for hours they have already worked, and Threatfabric, a Dutch cybersecurity specialist. 

What does this mean?

“We’re interested in fintech because financial services is such a large industry with so much potential for disruption from technology,” Ermotti says. “Future of work could be anything that changes the way people in a business interact with one another, or with how two businesses interact; that could be data collaboration or analytics, but it might also be human resources platforms.”

 

Read more here.

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