Canapi Ventures has launched a new FinTech fund worth $545mn.
Canapi is a venture capital firm which focusses on FinTech startups.
It has put together an alliance of more than 35 banks and strategic investors.
The alliance includes 23 of the US’s top 100 banks.
What does this mean?
Aiming to help investors strengthen their ties with the FinTech community, the project will help banks find technology partners with innovative solutions to help them keep up with a changing market.