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.

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Capital Markets

Irfan Hussain to join LSEG as CIO

11 August 2023

Based in New York, Irfan will start in January 2024IN ...

Former chancellor George Osborne backs FinTech Capitolis

24 March 2022

FinTech Capitolis has raised $110mn in Series D funding. In Brief: Capitolis ...

Posted By The Community

CrowdX joins forces with Vestd to transform access to capital

15 December 2021

Vestd and CrowdX have announced a brand new partnership, which is set to revolutionise capital acces...

Written By: Vestd

Appital raises £2.5mn from Frontline, angels

13 August 2021

London based marketplace Appital has raised £2.5mn from Frontline Ventures ...

Articles Capital Markets

Regulatory governance in private markets

20 July 2021

Download your free copy of Delio's latest research report.As demand for access to private markets ac...

Articles Capital Markets

Beyond Brexit - Time to act: Future proof your supply chain

15 June 2020

Johnathon Marshall, our UK supply chain lead, sets out how organisations can plan for a world where...

Articles Capital Markets

European Central Bank launches Emergency Bond-Buying Programme as a Response to the Coronavirus Pandemic

31 March 2020

The European Central Bank has launched a EUR 750 billion bond purchase programme designed to mitigat...

Videos Capital Markets

Capital Market Development and the FinTech Revolution: Opportunities and Challenges

10 April 2019

World Bank Live: "What opportunities and challenges do changes in financial technologies presen...

There are no Events in this category