Fidelity International Strategic Ventures
We build and invest in fintech businesses and technologies that are strategic to Fidelity International.
We invest in founders that are shaping the future of finance.
About us
We are a group of investors, operators, experts, and business partners whose sole concentration on fintech allows the development of thematic views.
People
Michael Sim
Bence Banhalmi
James Devlin
Joshua Lloyd-Lyons
Perspectives
Erik Mostenicky
Alokik Advani
We back bold, disruptive entrepreneurs who are looking to change the face of finance.
Helping the UK save and invest for the future
moneyboxapp.com
Open roles
Founded in:
2015
2016
First invested in:
Ben Stanway, Co-Founder and CEO, Moneybox
“Many have little to no help with their finances but starting early for saving and banking is crucial”
Catherine Passmore-Jones
Danica Histed
Laura Atterwill
Principal
Investor
Talent & Operations Partner
Senior Associate
Investor
Senior Associate
Managing Partner
Legal Counsel
Personal Assistant
Find out more
Michael Sim
Principal
- Pierre Mendelsohn
Founder, Alpima
Michael is super sharp and insightful, plus he thinks and acts like a true partner. His dedication to our success goes well beyond the call of duty. It is great to have Michael working with us.”
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What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Meaningful change only happens when a small group of people have conviction in an idea and are empowered with capital and ownership. Founders that are unencumbered by legacy tech stacks, preserving existing revenue streams and managing political hierarchies have an outsized chance of success relative to incumbents. Partnering with teams to help maximise those odds is the best part of the job.
Professor Scott Galloway. It would be an (insightful) hoot!
I’m a sucker for a simple product that can elegantly address an overlooked problem. Financial education has never been taught effectively, but for a digital generation the concept of money, earnings, saving and spending is even more intangible. GoHenry is a pre-paid debit card for kids over 6 years old that allows parents to allocate pocket money and oversee spending. Children can then use their personalised card to spend that cash in stores, online or to save it in a pot towards a larger goal (on which parents can ‘pay’ interest!). Not only does the product fulfil an important gap in financial services, but they have a nice subscription revenue model and a powerful recommendation engine of both parents and kids!
What is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
Working with fintech entrepreneurs on overcoming complex challenges and on shaping the norms of asset management for the better, while trying to stay ahead of the curve is a truly exciting mix my role allows for.
I’m very excited about the potential that the API-led opening up of finance has on the way people spend, save or invest, while giving control and ownership of data back to the consumer.
It would have to be Richard Branson, a passionate serial entrepreneur with perseverance – especially if it were hosted on the Necker!
Bloomberg. An amazing case study of a purpose-built solution that was able to continuously deliver & develop into a diversified platform as well as of a business that has essentially been unmatched since inception. (And was launched in the midst of an economic downturn!)
Bence Banhalmi
Investor
James Devlin
Senior Associate
- Matt Smith
CEO, Steeleye
When building a business, having partners who have the experience to help us navigate complex challenges of the unknown helps us to achieve our goals faster. James has this experience."
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Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
It is exciting to invest in teams with clear visions of the problems they are trying to solve. Our role is to support them in the journey both financially and through access to Fidelity’s global ecosystem with the aim of bringing that vision to reality.
The emergence of firms that facilitate retail investor access to alternative assets. Everyone should have access to as broad an investment universe as scalable technology can allow.
Thomas Peterffy, Founder and Chairman of Interactive Brokers. Large personality with a deep affinity for technology in financial markets.
iCapital Network and Coinbase. Both have delivered on their mission to broaden the investor base for operationally complex asset classes. In their case private equity and cryptocurrencies.
What is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
We have a window of opportunity to redefine the infrastructure that underpins global investment management. It’s a privilege to work with driven & talented founders in pursuit of that goal: creating meaningful change and forging a more inclusive financial system with superior customer outcomes.
Opportunities within fintech infrastructure. At the application level, the number of fintech start-ups and innovative established players launching new products is exploding. This has created a significant opportunity for companies providing infrastructure as a service, empowering development teams to focus on building differentiated products.
Visa - the original fintech company. Its creation of the modern credit card in 1958 - while still part of Bank of America - revolutionised the provision of consumer credit and in turn the global financial system. It has maintained its remarkable network effects to this day and exacts a small tax on a large proportion of global commerce through interchange fees.
Eugene Kleiner - co-founder of Fairchild Semiconductor and member of the 'traitorous eight'. Fairchild transformed modern semiconductor design - progressing from start-up to one of the world’s largest semiconductor companies. Spin offs from Fairchild such as Intel & AMD are still innovating today. Given his profound contribution to the field, he can perhaps be forgiven for crossing over to the dark side: starting the venture capital firm Kleiner Perkins later in life.
Joshua Lloyd-Lyons
Investor
Erik Mostenicky
Senior Associate
- Eran Haggiag
co-Founder and Executive Chairman, Clear
With Erik, it is both fun and very practical working together. His ability to understand and analyze complex models, extracting the signal from the noise is impressive and helpful."
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
My days are split between talking to founders, analysing potential investment ideas and advising portfolio companies. The sheer diversity of problem statements, personalities and situations is undeniably exciting. You learn something new every day.
I am very excited about macro trends impacting the way people live. 2020 was an eye-opener, and we have seen an acceleration of digital transformation - financial institutions have to replace their legacy tech stack with new innovative solutions
My University classmate co-founded Plaid - they have been able to attract exceptional talent, serve as GTM accelerator to other fintechs and attract world leading investors to back them. I am optimistic that the VISA hiccup will result in a stronger outcome for their shareholders – what a journey to be part of.
Tomas Bata, the founding father of the Bata manufacturing empire of the 20th century and pioneer of social capitalism - a well-travelled, charismatic entrepreneur who could spice up a dinner party with a story or two.
Alokik Advani
Managing Partner
- Ben Stanway
Founder & CEO, Moneybox
Alokik intuitively understands our challenges and opportunities and invariably provides actionable insight. He provides support throughout and challenge when necessary. I'd recommend working with him to any ambitious founder.”
Having been a fintech investor before the word 'fintech' was coined has allowed me to witness, support and commiserate with many founders. What I love about my job – spending time with incredible entrepreneurs with passion and vision, developing deep relationships to withstand the rollercoster ride of startups, and being uniquely positioned to join the dots between startups and the Fidelity International ecosystem globally.
With $15tr intergenerational wealth transfer expected over the next 10 years, the focus on personalized advice will be critical as more people seek solutions that are right for themselves and their circumstances. Advice as we know it is broken, and this creates a great catalyst for change.
More of a series of APIs rather than a particular 'fintech' per se, India Stack has utilised public/private partnership to create a unique biometric identifier, eKYC, unified payments interface and digital consent rights management for 1.3 billion people – essentially levelling the playing field on which any fintech company can provide services.
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Would have to be Elon Musk, the 'Edison of our Time', for disrupting not 1 but multiple capital-intensive businesses across EV, solar, space and tunnels.
Which global fintech trend are you most excited about and why?
I have always loved the journey working alongside founders and early stage businesses. Their determination, gratitude and belief is inspirational and makes being part of the journey to create innovative, problem-busting products and businesses hugely rewarding. Ensuring that companies achieve access to necessary capital on fair terms is essential for all involved and it is an amicable process which is unique to venture investing.
Dare I say the regtech side of fintech? As regulators introduce more regulation to protect us consumers on the plethora of exciting and fast-moving developments in new fintech products, there will be an enormous need for regtech companies to compliment and serve these exciting new fintechs. I am all for keeping things simple and see a great value in the role that regtech has to play for all involved.
Catherine Passmore-Jones
Legal Counsel
Which global fintech trend are you most excited about and why?
Keeping things moving is the aim of the game. Supporting busy founders with a flexible approach to schedules as well as thinking creatively helps to drive their business.
Personal financial management apps powered by open banking. As I purchased my first property, I found that having a single view of my finances gives me a holistic view of my monthly outgoings. As open banking expands, I’m excited to see where this could lead.
What is the fintech you wish you had backed and why?
Monzo. Having redefined the current account, they use technology to create a better consumer experience. Love it or hate it, I’m a big fan of the coral card. I’m in.
Which entrepreneur would you invite to a fantasy dinner party?
Oprah Winfrey - I think we could all learn a thing or two from her. I might even take her song request and get on the DJ decks after dinner if she hangs around.
Danica Histed
Personal Assistant
Laura Atterwill
Talent & Operations Partner
- Dan Mitchell
Founder and CEO, Hivemind
Laura's guidance on expanding the team has been exceptional. She understood what we were looking for immediately and articulated it more crisply than we could ourselves, but more importantly than that she gave great practical advice on how to achieve it.”
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Getting talent right is undoubtedly one of the biggest challenges founders are faced with. I have the amazing privilege of working with the next generation of fintech masterminds and hope that by offering CEOs support with some of their most complex people problems we can help them to avoid some of the pitfalls and challenges related to hiring, HR, org design and incentives.
Mint was the precursor to a number of the great web-based money management tools and neo banks that are revolutionising financial services today. It grew to 10 million users in just 4 years and overcame the trust barrier through rigorous validation, a great product, high content marketing and a simple user experience.
Commission free investing democratises trading and makes stock ownership accessible and affordable. If providers can progress towards offering a broader variety of products including actively managed funds and investment trusts, all the better.
Which is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
Arianna Huffington is one of the few female icons that has earned the license to say exactly what she feels. A fearless activist, mother, entrepreneur and author - she is also a realist who knows about pressure and how to switch off.
A compliance technology and data analytics tool.
steel-eye.com
Open roles
Founded in:
2017
2020
First invested in:
We were driven to start SteelEye because in my former life as a CIO, trying to effectively manage regulatory obligations, we discovered that there is no data-centric compliance solution available"
- Matt Smith
CEO, Steeleye
Helping the UK save and invest for the future
moneyboxapp.com
Open roles
Founded in:
2015
2018
First invested in:
- Ben Stanway
co-Founder and CEO, Moneybox
Many have little to no help with their finances but starting early for saving and banking is crucial”
Versatile data preparation software that streamlines and systematises human data work, helping you collect, clean and enrich your data.
hmvd.io
Open roles
Founded in:
2017
2019
First invested in:
Companies today are grappling with the growth in unstructured data, such as text, video or images. Hivemind’s cloud-based platform efficiently structures this data so that companies can process and analyse it.”
- Dan Mitchell
co-Founder and CEO, Hivemind
The front office SaaS platform for investment management.
alpima.net
Open roles
Founded in:
2014
2016
First invested in:
A number of factors made me believe there was an opportunity in the space. The financial world is being re-shaped by technology and strong macro-economic forces. Technology is an important component as the world around us is going digital and orders can get executed electronically faster than ever. Client expectations are shifting fast. The real opportunity lies in helping clients build personalised portfolios quickly and easily.”
- Pierre Mendelsohn
Founder and CEO, Alpima
AI-based financial planning software for advisors.
conquestplanning.com
Open roles
Founded in:
2018
2019
First invested in:
With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers.”
- Mark Evans
President and CEO, Conquest
Online platform for mutual fund investments in India.
kuvera.in
Open roles
Founded in:
2016
2019
First invested in:
Our focus always has been about simplicity, about building an honest financial services platform backed by technology, and to pass the cost savings of technology to the end user.”
- Gaurav Rastogi
Founder and CEO, Kuvera
Builds blockchain based settlement and clearing networks for global industries.
clearx.io
Open roles
Founded in:
2018
2019
First invested in:
We use blockchain technology to create business partner interactions in ways that are auditable, cryptographically secure and ensure that both sides are synced and seeing the same information.”
- Gal Hochberg
co-Founder, Clear
Digital wealth platform that delivers automated, personalised portfolio management to each client’s individual portfolios.
stashaway.sg
Open roles
Founded in:
2016
2019
First invested in:
What makes StashAway different is how we leverage our in-house technology to build and manage personalized portfolios, while also monitoring data points that can indicate an economic change (like a recession) before the markets even respond.”
- Michele Ferrario
co-Founder and CEO
Michael explores the opportunities and challenges faced by the wider industry.
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The Road to Open Finance
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Fidelity International Strategic Ventures
1 St. Martin’s Le Grand
London
United Kingdom
EC1A 4AS
News
Alokik was interviewed on FintechOrama where he shared his perspective on Fintech in a post-COVID world.
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FintechOrama
James shared his thoughts on Tokenisation in this Linkedin article.
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Tokenisation: 2020 is execution year
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm...
Our investment in SteelEye
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Kuvera raises $4.5M in Series A funding
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Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team. Kuvera was founded in 2016 as India’s first ‘free-to-use’ web-based direct mutual fund investment platform. It provides more than 100,000 users with access to a range of innovative investment tools designed to help them save and reach their financial goals. Kuvera currently manages more than Rs 3,000 crores in mutual fund investments.
Kuvera was founded in Bangalore by Gaurav Rastogi, Neelabh Sanyal and Mayank Sharma. Each founder brings extensive investment, finance and technology experience, and a shared aspiration to use digital innovation to simplify the investment journey for millions of Indian consumers.
This first round of institutional funding will allow Kuvera to build its team and expand its product portfolio. Kuvera is increasing its use of AI to help its customers invest in a way that helps them to secure better returns, while enhancing its product and service range to reduce the cost of accessing multiple financial products through a single digital platform.
Commenting on the investment Alokik Advani, said: "This is our team's first investment in India. We are really impressed by Kuvera's platform which is at par with the best. We will leverage our close relationship with Fidelity to support Kuvera in serving the Indian consumer".
Our team seeks to partner with visionary entrepreneurs that are redefining Wealth and Asset Management. We’re excited by unique business models, emerging technologies and new perspectives. We invest in category leaders that can create new markets, enhance portfolio returns or disrupt traditional processes.
We harness the global network and deep industry expertise of Fidelity International to accelerate growth.
3 min read
34:32 min
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Bence shares more on what got us excited about DriveWealth, an incredible global digital trading technology platform.
4 min read
Investment infrastructure re-imagined
7 min read
Laura outlines how your organisational design is key to growth.
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From Start-Up to Unicorn: A Guide to Consciously Iterate Your Team
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The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce...
Clear raises $13m in Series A funding
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Eight Roads Invests in Moneybox
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for their future. Existing investors including Oxford Capital Partners and Samos Investments also participated.
Moneybox was set up to address the fact a generation is growing up without the tools, information or confidence they need to build their financial future. This new round of funding, which brings the total amount raised by the company to £21.3m, will be used to build out the team and deliver a best-in-class customer experience, including new products and outstanding content.
Moneybox’s purpose is to offer people a simple way to take the first step on their investing journey, and then continue to build their financial future through easy-to-use tools and support. Moneybox is determined to break the inertia surrounding saving and investing, helping people to lay the foundations to achieve their financial goals – whether they are saving for a house deposit, a wedding or the trip of a lifetime. Since launching in August 2015, it has helped more than 100,000 people start their investing journey.
“The traditional wealth management industry is geared to those who already have wealth – a concept that is alien to many young people. It creates huge barriers – including impenetrable jargon – for those who want to start saving and investing. We are determined to break that mould and make investing clear, simple and easy to achieve. We are delighted that this new funding round will help us to further develop our service and empower many more customers to achieve their financial goals,” said Ben Stanway, co-founder of Moneybox.
Cyrus Jilla, President of Eight Roads said: “Moneybox demystifies savings and investments with a simple, engaging and intuitive product that fits seamlessly into the everyday lives of its users. Eight Roads’ looks forward to using its global network and financial services expertise to support Moneybox over the long-term, as it continues to grow its loyal customer base, expand its proposition and build out its team.”
The Moneybox app makes investing easily achievable – customers can sign up in a few minutes and get started with as little as £1. The popular round ups feature makes investing part of everyday life by helping customers set aside the spare change from their purchases. The average Moneybox customer invests £20 a week through a combination of round ups, weekly deposits, payday boosts and one-offs.
Customers can choose from three simple starting options – cautious, balanced and adventurous – which invest in tracker funds run by Vanguard, Henderson and BlackRock.
2 min read
13.07.2018
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- Neelabh Sanyal
Co-Founder and COO, Kuvera
Bence is easy to work with and very supportive and yet, has his eye on the ball all the time. Very happy to have him on our team.”
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4m
End investors on FISV platforms
11
Team Members
$5bn+
Assets accumulated on FISV platforms
Portfolio Companies
10
Deployed
$70m+
FISV in numbers
- Pierre Mendelsohn
Founder and CEO, Alpima
Joshua brings a unique blend of industry experience, technical acumen and informed strategic vision. He is a great source of advice on a wide range of matters, and a real pleasure to work with.”
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3 min read
13.07.2018
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How do we move from Open Banking to Open Finance?
One year ago, we established the Fintech Strategic Investments team at Eight Roads to back disruptive entrepreneurs who are looking to shape the future of finance. Led by Alokik Advani, who joined us from Goldman Sachs PSI, we’ve built a team with deep domain expertise, access to an extensive network across Fidelity and Eight Roads, a long-term investment focus and a single source of capital.
The FSI team is focussed on the wealth and asset management sector, which has been largely shielded from the fintech revolution thus far. Digitisation has been applied only at a surface-level and we are exploring a number of themes that we believe will fundamentally change the way we all manage our money.
One such theme is the future ‘openness’ of consumer finance. Our view is that ‘open banking’ is just the beginning and over time customers will expect to access, control and share the data that sits behind the full range of financial services including mortgages, insurance, pension, loans, savings and investments. This should result in better outcomes for customers as they receive appropriate financial advice on their whole financial picture — something only afforded to the richest 1% in society today.
To share and debate our views on the topic, we hosted our first content-led dinner in London last week, focusing on ‘The Road to Open Finance’. Guests included fintech founders, investors and industry experts, including Huw van Steenis, who served as Chair of the Future of Finance Review at the Bank of England and Imran Gulamhuseinwala, the Implementation Trustee for Open Banking.
We kicked off the discussion on how we move from Open Banking to Open Finance; exploring the opportunities and challenges faced by the wider industry. It inspired an open and lively roundtable conversation, here are some of the key takeaways:
Adoption is building: there are over 90 third party provider’s signed up to access Open Banking data to provide solutions in credit, payments, budgeting and SME services and the waitlist includes another couple of hundred companies. API calls are growing ~30% monthly, with over 100 million successful API calls so far
Customer experience is still poor: The frustration from a fintech perspective is that while banks have met the requirements of the regulation, user experience is often clunky and results in customer drop-off. One such example is the forced renewal of credentials every 90 days, which is a blunt instrument to an authorisation problem that could be solved in alternative ways
Banks need to grasp the opportunity: When the regulations were first announced most banks convinced themselves they would be watered down or rescinded. As they slowly moved from a phase of denial to acceptance, the approach has been to simply comply with rules — largely at the expense of customer experience. However, there is an opportunity to embrace their position as a trusted data holder and begin to build commercial models around premium APIs, for instance in the ID verification space. Similarly, a few banks have recently begun to understand the richness of their data to build better customer experiences themselves or to partner with fintechs
Look to the Aussies: While the UK has led the way with Open Banking, Australia has put in place a more expansive long-term vision that includes customer-enabled access to the full range of financial products and which could foster even greater innovation
While everyone agreed that Open Banking regulations have helped spur the transition of financial services into the data age, the journey to full open finance will likely be drawn out and turbulent. Standardisation of APIs across a handful of UK banks for current accounts has proven highly complex, so extending that across the financial landscape will be a challenge, but ultimately one worth striving towards.
We very much look forward to hosting similar thematic events — and debates — over the next few months, let us know your thoughts and any future themes that you’d like to see covered.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
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Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from ...
Moneybox secures £30m in Series C funding
1 min read
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year...
Our investment in Conquest
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As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
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As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
16.04.2019
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Kuvera raises $4.5M in Series A funding
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team. Kuvera was founded in 2016 as India’s first ‘free-to-use’ web-based direct mutual fund investment platform. It provides more than 100,000 users with access to a range of innovative investment tools designed to help them save and reach their financial goals. Kuvera currently manages more than Rs 3,000 crores in mutual fund investments.
Kuvera was founded in Bangalore by Gaurav Rastogi, Neelabh Sanyal and Mayank Sharma. Each founder brings extensive investment, finance and technology experience, and a shared aspiration to use digital innovation to simplify the investment journey for millions of Indian consumers.
This first round of institutional funding will allow Kuvera to build its team and expand its product portfolio. Kuvera is increasing its use of AI to help its customers invest in a way that helps them to secure better returns, while enhancing its product and service range to reduce the cost of accessing multiple financial products through a single digital platform.
Commenting on the investment Alokik Advani, said: "This is our team's first investment in India. We are really impressed by Kuvera's platform which is at par with the best. We will leverage our close relationship with Fidelity to support Kuvera in serving the Indian consumer".
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
10.02.2020
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Clear raises $13M in Series A funding
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce.
HKT, Singtel Innov8, Telefónica Innovation Ventures and Telekom Innovation Pool of Deutsche Telekom also participated. Clear has created a platform operating on blockchain technologies, to help enterprises automate contracts and data management while guaranteeing control, security and privacy in networks with multiple partners.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
19.02.2020
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Our investment in Conquest
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year. Founded in 2018 and based in Manitoba, Conquest is developing financial planning software that uses artificial intelligence to help advisors and consumers easily understand the impact of financial planning decisions and develop personalized plans.
The investment has been made by our Fintech Strategic Investments team alongside Portag3 Ventures. The $3 million in seed funding brings Conquest’s total funding to date to $4 million. This marks Conquest’s first outside raise and the startup plans to use the financing to bring its product to market later this year. Conquest also plans to grow its current team of around 20 employees in anticipation of its market launch.
“The ethos of Conquest Planning is to get more people into financial plans,” said Mark Evans, president and CEO of Conquest and the former head of EISI, a Prairie-based financial planning software company that was acquired in 2011.
“With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers,” Evans added. “This industry is ripe for change and we are fortunate to be initiating this journey with such great partners in Portag3 Ventures and Eight Roads. I am excited to be back.”
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
20.02.2020
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Our investment in SteelEye
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm - alongside existing investor Illuminate Financial. It takes the total amount raised by SteelEye to $20m. SteelEye was established in October 2017 to reduce the complexity and cost of compliance and to enable financial firms globally to manage their regulatory obligations through a single platform.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR.
Matt Smith, CEO of SteelEye, added: “Data accuracy has been one of the biggest challenges facing firms’ following regulations such as MiFID II. By solving the data problem first, our clients not only save cost and free up time but gain unparalleled insight into their business and commercial operations. Eight Roads shares our ‘data first’ vision and will be instrumental in helping us grow our business.”
“SteelEye’s innovative data and RegTech platform is successfully helping financial firms manage their increasingly complex compliance obligations,” said Alokik Advani, Managing Director, FinTech Strategic Investments at Eight Roads. “SteelEye has achieved considerable momentum in the market, demonstrating significant demand for its services. We are delighted to partner with SteelEye to boost their growth and we look forward to reinforcing their efforts.”
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
17.07.2020
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Moneybox secures £30m in Series C funding
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from existing investors including Eight Roads, and new investors Breega and CNP.
Moneybox also reveals it now has £1bn in assets under administration, and announces plans to bring customers closer to its growth journey through an upcoming crowdfund.
Each week thousands of people open accounts with Moneybox, and together customers deposit more than £100m onto the platform every month. Customers can set money aside in the way that suits them best using round ups, regular deposits or one-off payments, whilst popular tools such as the Time Machine help them keep their savings on track.
The fintech startup is on a mission to help everyone save and invest for their future. Launched in 2016, the company has experienced rapid growth and now has a community of more than 450,000 customers and a team of 120 people.
Reg.No. 02349713
The Series C funding round, which completed earlier this year, was led jointly by Eight Roads and new investors CNP. Moneybox also welcomed Breega, investors in Curve, on board alongside existing investors. The £30m takes total funds raised to date to £51.3 million. The funds will help Moneybox build on its product offering, invest in new technology, scale the team, and further execute its mission of helping everyone save and invest for their future.
Working in conjunction with Crowdcube, Moneybox will offer its community the opportunity to share in its exciting growth journey alongside existing professional investors in its first ever crowdfund. Pre-registration for the crowdfund opens today, 17th July, on the Moneybox website, with the private crowdfunding round going live late July.
Ben Stanway, Co-founder of Moneybox said: “We’re really pleased to have continued support from Eight Roads, and to welcome on board new investors CNP and Breega as we work to further execute on our mission of helping everyone save and invest for their future.
“We are also very excited to announce our first ever crowdfund, giving our community the chance to be a part of our journey. We want to give everyone the opportunity to share and shape our future success and help us become one of the largest saving and investing platforms in the UK.”
Alokik Advani, Managing Director, Fintech Strategic Investments at Eight Roads said: “Eight Roads is delighted to co-lead the Series C funding round of Moneybox.
“Moneybox’s singular focus on improving the savings and investing experience for the UK was clear from the get go. We have been extremely pleased by the flawless execution of the Moneybox mission since then, and have re-invested in this round.”
Ben Marrel, Founder & Managing Partner of Breega added: “Moneybox, with their best in class savings service, are remodeling and democratising the wealth management market by helping people save easily, invest painlessly and fund future projects.
“We are very excited to join in their journey and we’re really looking forward to working with what we consider to be one of the best teams in the Fintech space and helping them become the number one mobile savings and investment platform!”
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Having been a fintech investor before the word 'fintech' was coined has allowed me to witness, support and commiserate with many founders. What I love about my job – spending time with incredible entrepreneurs with passion and vision, developing deep relationships to withstand the rollercoster ride of startups, and being uniquely positioned to join the dots between startups and the Fidelity International ecosystem globally.
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Michael participated in a panel - ‘OBIC Open Banking Insight Series’:
44:15 min
OBIC Open Banking Insight Series
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Helping the UK save and invest for the future
moneyboxapp.com
Open roles
Founded in:
2015
2018
First invested in:
- Ben Stanway
co-Founder and CEO, Moneybox
Many have little to no help with their finances but starting early for saving and banking is crucial”
Versatile data preparation software that streamlines and systematises human data work, helping you collect, clean and enrich your data.
hmvd.io
Open roles
Founded in:
2017
2019
First invested in:
Companies today are grappling with the growth in unstructured data, such as text, video or images. Hivemind’s cloud-based platform efficiently structures this data so that companies can process and analyse it.”
- Dan Mitchell
co-Founder and CEO, Hivemind
The front office SaaS platform for investment management.
alpima.net
Open roles
Founded in:
2014
2016
First invested in:
A number of factors made me believe there was an opportunity in the space. The financial world is being re-shaped by technology and strong macro-economic forces. Technology is an important component as the world around us is going digital and orders can get executed electronically faster than ever. Client expectations are shifting fast. The real opportunity lies in helping clients build personalised portfolios quickly and easily.”
- Pierre Mendelsohn
Founder and CEO, Alpima
AI-based financial planning software for advisors.
conquestplanning.com
Open roles
Founded in:
2018
2019
First invested in:
With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers.”
- Mark Evans
President and CEO, Conquest
Online platform for mutual fund investments in India.
kuvera.in
Open roles
Founded in:
2016
2019
First invested in:
Our focus always has been about simplicity, about building an honest financial services platform backed by technology, and to pass the cost savings of technology to the end user.”
- Gaurav Rastogi
Founder and CEO, Kuvera
Builds blockchain based settlement and clearing networks for global industries.
clearx.io
Open roles
Founded in:
2018
2019
First invested in:
We use blockchain technology to create business partner interactions in ways that are auditable, cryptographically secure and ensure that both sides are synced and seeing the same information.”
- Gal Hochberg
co-Founder, Clear
Digital wealth platform that delivers automated, personalised portfolio management to each client’s individual portfolios.
stashaway.sg
Open roles
Founded in:
2016
2019
First invested in:
What makes StashAway different is how we leverage our in-house technology to build and manage personalized portfolios, while also monitoring data points that can indicate an economic change (like a recession) before the markets even respond.”
- Michele Ferrario
co-Founder and CEO
A compliance technology and data analytics tool.
steel-eye.com
Open roles
Founded in:
2017
2020
First invested in:
We were driven to start SteelEye because in my former life as a CIO, trying to effectively manage regulatory obligations, we discovered that there is no data-centric compliance solution available"
- Matt Smith
CEO, Steeleye
An API driven brokerage-as-a-service that support real time fractional share trading for customers globally.
Drivewealth.com
Open roles
Founded in:
2012
2020
First invested in:
Our mission is to provide low cost, frictionless access to wealth building through our modern infastructure. Our solutions provide native integration into customer facing, mobile applications to democratize investing."
- Bob Cortright,
Founder & CEO, DriveWealth
A technology platform that allows everyday investors fair access to public companies raising capital
Primarybid.com
Open roles
Founded in:
2016
2020
First invested in:
Our mission is to enhance fairness, inclusivity and transparency in capital markets"
- Anand Sambasivan
CEO, PrimaryBid
A compliance technology and data analytics tool.
steel-eye.com
Open roles
Founded in:
2017
2020
First invested in:
We were driven to start SteelEye because in my former life as a CIO, trying to effectively manage regulatory obligations, we discovered that there is no data-centric compliance solution available"
- Matt Smith
CEO, Steeleye
moneyboxapp.com
Open roles
Founded in:
2015
2018
First invested in:
Helping the UK save and invest for the future
- Ben Stanway
co-Founder and CEO, Moneybox
Many have little to no help with their finances but starting early for saving and banking is crucial”
Versatile data preparation software that streamlines and systematises human data work, helping you collect, clean and enrich your data.
hmvd.io
Open roles
Founded in:
2017
2019
First invested in:
Companies today are grappling with the growth in unstructured data, such as text, video or images. Hivemind’s cloud-based platform efficiently structures this data so that companies can process and analyse it.”
- Dan Mitchell
co-Founder and CEO, Hivemind
The front office SaaS platform for investment management.
alpima.net
Open roles
Founded in:
2014
2016
First invested in:
A number of factors made me believe there was an opportunity in the space. The financial world is being re-shaped by technology and strong macro-economic forces. Technology is an important component as the world around us is going digital and orders can get executed electronically faster than ever. Client expectations are shifting fast. The real opportunity lies in helping clients build personalised portfolios quickly and easily.”
- Pierre Mendelsohn
Founder and CEO, Alpima
AI-based financial planning software for advisors.
conquestplanning.com
Open roles
Founded in:
2018
2019
First invested in:
With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers.”
- Mark Evans
President and CEO, Conquest
Online platform for mutual fund investments in India.
kuvera.in
Open roles
Founded in:
2016
2019
First invested in:
Our focus always has been about simplicity, about building an honest financial services platform backed by technology, and to pass the cost savings of technology to the end user.”
- Gaurav Rastogi
Founder and CEO, Kuvera
Builds blockchain based settlement and clearing networks for global industries.
clearx.io
Open roles
Founded in:
2018
2019
First invested in:
We use blockchain technology to create business partner interactions in ways that are auditable, cryptographically secure and ensure that both sides are synced and seeing the same information.”
- Gal Hochberg
co-Founder, Clear
Digital wealth platform that delivers automated, personalised portfolio management to each client’s individual portfolios.
stashaway.sg
Open roles
Founded in:
2016
2019
First invested in:
What makes StashAway different is how we leverage our in-house technology to build and manage personalized portfolios, while also monitoring data points that can indicate an economic change (like a recession) before the markets even respond.”
- Michele Ferrario
co-Founder and CEO
An API driven brokerage-as-a-service that support real time fractional share trading for customers globally.
drivewealth.com
Open roles
Founded in:
2012
2020
First invested in:
Our mission is to provide low cost, frictionless access to wealth building through our modern infastructure. Our solutions provide native integration into customer facing, mobile applications to democratize investing."
- Bob Cortright
Founder & CEO, Drivewealth
A technology platform that allows everyday investors fair access to public compnaies raising capital
primarybid.com
Open roles
Founded in:
2016
2020
First invested in:
Our mission is to enhance fairness, inclusivity and transparency in capital markets"
- Anand Sambasivan
CEO Primary Bid
Find out more
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Find out more
A compliance technology and data analytics tool.
steel-eye.com
Open roles
Founded in:
2017
2020
First invested in:
We were driven to start SteelEye because in my former life as a CIO, trying to effectively manage regulatory obligations, we discovered that there is no data-centric compliance solution available"
- Matt Smith
CEO, Steeleye
moneyboxapp.com
Open roles
Founded in:
2015
2018
First invested in:
Helping the UK save and invest for the future
- Ben Stanway
co-Founder and CEO, Moneybox
Many have little to no help with their finances but starting early for saving and banking is crucial”
Versatile data preparation software that streamlines and systematises human data work, helping you collect, clean and enrich your data.
hmvd.io
Open roles
Founded in:
2017
2019
First invested in:
Companies today are grappling with the growth in unstructured data, such as text, video or images. Hivemind’s cloud-based platform efficiently structures this data so that companies can process and analyse it.”
- Dan Mitchell
co-Founder and CEO, Hivemind
The front office SaaS platform for investment management.
alpima.net
Open roles
Founded in:
2014
2016
First invested in:
A number of factors made me believe there was an opportunity in the space. The financial world is being re-shaped by technology and strong macro-economic forces. Technology is an important component as the world around us is going digital and orders can get executed electronically faster than ever. Client expectations are shifting fast. The real opportunity lies in helping clients build personalised portfolios quickly and easily.”
- Pierre Mendelsohn
Founder and CEO, Alpima
AI-based financial planning software for advisors.
conquestplanning.com
Open roles
Founded in:
2018
2019
First invested in:
With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers.”
- Mark Evans
President and CEO, Conquest
Online platform for mutual fund investments in India.
kuvera.in
Open roles
Founded in:
2016
2019
First invested in:
Our focus always has been about simplicity, about building an honest financial services platform backed by technology, and to pass the cost savings of technology to the end user.”
- Gaurav Rastogi
Founder and CEO, Kuvera
Builds blockchain based settlement and clearing networks for global industries.
clearx.io
Open roles
Founded in:
2018
2019
First invested in:
We use blockchain technology to create business partner interactions in ways that are auditable, cryptographically secure and ensure that both sides are synced and seeing the same information.”
- Gal Hochberg
co-Founder, Clear
Digital wealth platform that delivers automated, personalised portfolio management to each client’s individual portfolios.
stashaway.sg
Open roles
Founded in:
2016
2019
First invested in:
What makes StashAway different is how we leverage our in-house technology to build and manage personalized portfolios, while also monitoring data points that can indicate an economic change (like a recession) before the markets even respond.”
- Michele Ferrario
co-Founder and CEO
An API driven brokerage-as-a-service that support real time fractional share trading for customers globally.
drivewealth.com
Open roles
Founded in:
2012
2020
First invested in:
Our mission is to provide low cost, frictionless access to wealth building through our modern infastructure. Our solutions provide native integration into customer facing, mobile applications to democratize investing."
- Bob Cortright
Founder & CEO, Drivewealth
A technology platform that allows everyday investors fair access to public companies raising capital
primarybid.com
Open roles
Founded in:
2016
2020
First invested in:
Our mission is to enhance fairness, inclusivity and transparency in capital markets"
- Anand Sambasivan
CEO Primary Bid
Read more
2 min read
One of the biggest trends in the world of fintech in the last several years has been the emergence...
UK’s PrimaryBid raises $50M as its platform sees a surge
2 min read
DriveWealth, LLC, a U.S.-based leader in global digital trading technology, today announced a $56.7 million...
DriveWealth lands $56.7 million Series C funding round
Read more
Jingwei Li
Investor
Eliska Mallickova
Investor
It's been a busy Q3 at FISV, read our second newsletter to find out more.
7 min read
Read more
FISV Newsletter: Issue 2 (October 2020)
Bence shares more on what got us excited about DriveWealth, an incredible global digital trading technology platform.
4 min read
Read more
Investment infrastructure re-imagined
Michael participated in a panel - ‘OBIC Open Banking Insight Series’:
44:15 min
Listen
OBIC Open Banking Insight Series
Alokik talks about redefining consumer finance and accelerating financial inclusion through technology at this BVCA forum.
22:42 min
Redefining consumer finance
Listen
Jingwei Li
Investor
I have a passion for businesses that promote financial inclusion and leverage data to shake up old-fashioned industries, and love jumping into the deep end with new ideas and products. With a mixture of experience in central banking, investment banking and strategy consulting, I believe there is nothing more exciting than backing ambitious and mission-driven founders who build the market leading businesses of tomorrow.
Open Banking and PSD2 paved the way for opening customer’s bank account data to third-party providers – it is only the beginning. I am most excited about the transition from Open Banking to Open Finance which will break up the silos around all aspects of consumers’ financial life from banking to pensions, investments, insurance and loans. It will spark a shift from a closed model to an open ecosystem where customers are firmly back in charge, allow for more customized and holistic finance management, and spur new innovations around personal finance dashboard, digital identity, API economy, Reg-Tech and more.
Truelayer – As one of the first companies to be authorised as a payment initiation (PIS) and account information service (AIS) provider by the FCA, Truelayer built out its offering as a gateway for TPPs to connect to financial institutions to securely access bank data and provide insights on behalf of customers. Today it accounts for more than half of Open Banking traffic in the UK with clients including Revolut and Freetrade. With a further regulatory push, Truelayer could be uniquely positioned to develop similar API platforms in adjacent markets – making it one of the most promising Fintech to watch in 2021.
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Neil Shen - co-founder of C-Trip and Home Inns and the founding and Managing Partner of Sequoia China. Neil is widely regarded as the ‘super unicorn hunter’ for leading investments in 10 out of 13 Chinese companies with a valuation of at least $10bn in the last decade, like JD.com, ByteDance and Meituan-Dianping. Given his profound contribution, Neil took the top spot on the Forbes’ Midas List for the third year in a row!
Eliska Mallickova
Investor
With a mix of experience in banking, operations, entrepreneurship and fintech scaleup, I’m really excited about working with new founders and our existing portfolio. I love the ideation process, having pivoted with my startup on multiple occasions, as well as making processes more efficient. There is never a lack of challenges when founding and scaling businesses and that’s what makes working with entrepreneurs so rewarding.
The inclusivity and democratisation of investing and managing our savings. I’ve always been really passionate about financial education in the mass market, as I myself was never comfortable enough investing until I started working in finance. It is incredible to see that in just a few short years companies like Moneybox or Robinhood have entered the mainstream giving more people confidence to plan for their future and invest beyond savings accounts. At the same time, there is still so much more to be done to help us holistically plan and manage our income over the long term, like pensions or other investing products.
Probably payments companies like Visa and Mastercard. They have been around for a long time and are so entrenched in our spending. As we move towards a cashless society faster than ever it’ll be interesting to observe how they embrace the growing shift to fully digital payments.
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Jeff Bezos. Who wouldn’t? I’m amazed every day by the sheer size and impact Amazon has on our daily lives, especially as it still continues to innovate so quickly. It might even start competing at scale in the fintech world. Having had the chance to work at Amazon’s first European robotics site a few years ago, the process is a sight to see and a true testament to Jeff and the team for having built, scaled and constantly improved up on it. I recommend a site visit for anyone– happy to give you a tour!.
Explore all perspectives
Explore all perspectives
Josh shares a compelling thesis on the unbundling of the asset management software stack
7 min read
Read more
Unbundling the Asset Management Stack
Michael published an article on Medium outlining our investment thesis for Moneybox.
6 min read
Read more
Why we invested in Moneybox
It's been a busy Q3 at FISV, read our second newsletter to find out more.
FISV Newsletter: Issue 2 (October 2020)
Alokik talks about redefining consumer finance and accelerating financial inclusion through technology at this BVCA forum.
22:42 min
Redefining consumer finance
Michael published an article on Medium outlining our investment thesis for Moneybox.
6 min read
Read more
Why we invested in Moneybox
Josh shares a compelling thesis on the unbundling of the asset management software stack
7 min read
Read more
Unbundling the Asset Management Stack
Listen
Read more
Listen
Read more
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3 min read
The UK Fast 50 is one of the UK's foremost technology awards programmes. It is an acknowledgement of the 50 fastest-growing technology companies in the UK.
Moneybox recognised as one of the UKs fastest growing companies.
Read more
2 min read
DriveWealth, LLC, a U.S.-based leader in global digital trading technology, today announced a $56.7 million...
DriveWealth lands $56.7 million Series C funding round
Read more
1 min read
Savings and investment app Moneybox has appointed Karen Kerrigan as its first chief operating officer.
Karen Kerrigan appointed as COO at Moneybox
Read more
2 min read
One of the biggest trends in the world of fintech in the last several years has been the emergence...
UK’s PrimaryBid raises $50M as its platform sees a surge of activity
Read more
1 min read
SteelEye, the compliance technology and data analytics firm, has today announced it inclusion on the 2021 RegTech100 directory of leading RegTech companies.
SteelEye listed in the RegTech100 for third year running
Read more
5 min read
The Benzinga Fintech Listmakers showcase companies and executives from areas such as financial research, brokerages, payments, investing and more.
DriveWealth win best API at the Benzinga Global Fintech Awards
Read more
1 min read
SteelEye, the compliance technology and data analytics firm, has today announced it inclusion on the 2021 RegTech100 directory of leading RegTech companies.
SteelEye listed in the RegTech100 for third year running
1 min read
Savings and investment app Moneybox has appointed Karen Kerrigan as its first chief operating officer.
Karen Kerrigan appointed as COO at Moneybox
Read more
3 min read
The UK Fast 50 is one of the UK's foremost technology awards programmes. It is an acknowledgement of the 50 fastest-growing technology companies in the UK.
Moneybox recognised as one of the UKs fastest growing companies.
5 min read
The Benzinga Fintech Listmakers showcase companies and executives from areas such as financial research, brokerages, payments, investing and more.
DriveWealth win best API at the Benzinga Global Fintech Awards
Read more
Eliska Mallickova
Investor
With a mix of experience in banking, operations, entrepreneurship and fintech scaleup, I’m really excited about working with new founders and our existing portfolio. I love the ideation process, having pivoted with my startup on multiple occasions, as well as making processes more efficient. There is never a lack of challenges when founding and scaling businesses and that’s what makes working with entrepreneurs so rewarding.
Probably payments companies like Visa and Mastercard. They have been around for a long time and are so entrenched in our spending. As we move towards a cashless society faster than ever it’ll be interesting to observe how they embrace the growing shift to fully digital payments.
The inclusivity and democratisation of investing and managing our savings. I’ve always been really passionate about financial education in the mass market, as I myself was never comfortable enough investing until I started working in finance. It is incredible to see that in just a few short years companies like Moneybox or Robinhood have entered the mainstream giving more people confidence to plan for their future and invest beyond savings accounts. At the same time, there is still so much more to be done to help us holistically plan and manage our income over the long term, like pensions or other investing products.
Which is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
Jeff Bezos. Who wouldn’t? I’m amazed every day by the sheer size and impact Amazon has on our daily lives, especially as it still continues to innovate so quickly. It might even start competing at scale in the fintech world. Having had the chance to work at Amazon’s first European robotics site a few years ago, the process is a sight to see and a true testament to Jeff and the team for having built, scaled and constantly improved up on it. I recommend a site visit for anyone– happy to give you a tour!
Jingwei Li
Investor
I have a passion for businesses that promote financial inclusion and leverage data to shake up old-fashioned industries, and love jumping into the deep end with new ideas and products. With a mixture of experience in central banking, investment banking and strategy consulting, I believe there is nothing more exciting than backing ambitious and mission-driven founders who build the market leading businesses of tomorrow.
Open Banking and PSD2 paved the way for opening customer’s bank account data to third-party providers – it is only the beginning. I am most excited about the transition from Open Banking to Open Finance which will break up the silos around all aspects of consumers’ financial life from banking to pensions, investments, insurance and loans. It will spark a shift from a closed model to an open ecosystem where customers are firmly back in charge, allow for more customized and holistic finance management, and spur new innovations around personal finance dashboard, digital identity, API economy, Reg-Tech and more.
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Truelayer – As one of the first companies to be authorised as a payment initiation (PIS) and account information service (AIS) provider by the FCA, Truelayer built out its offering as a gateway for TPPs to connect to financial institutions to securely access bank data and provide insights on behalf of customers. Today it accounts for more than half of Open Banking traffic in the UK with clients including Revolut and Freetrade. With a further regulatory push, Truelayer could be uniquely positioned to develop similar API platforms in adjacent markets – making it one of the most promising Fintech to watch in 2021.
Which entrepreneur would you invite to a fantasy dinner party?
Neil Shen - co-founder of C-Trip and Home Inns and the founding and Managing Partner of Sequoia China. Neil is widely regarded as the ‘super unicorn hunter’ for leading investments in 10 out of 13 Chinese companies with a valuation of at least $10bn in the last decade, like JD.com, ByteDance and Meituan-Dianping. Given his profound contribution, Neil took the top spot on the Forbes’ Midas List for the third year in a row!
Josh shares a compelling thesis on the unbundling of the asset management software stack
7 min read
Read more
Unbundling the Asset Management Stack
Michael published an article on Medium outlining our investment thesis for Moneybox.
6 min read
Read more
Why we invested in Moneybox
Read more
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33:13 min
Erik discussed his early career from tennis pro to “nightclub king” and the future of data management in capital markets in the Gyana Podcast.
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The Gyana Podcast
Perspectives
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
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The 2020 LinkedIn Top Startups list reveals the 10 young, resilient companies where the UK wants to work now.
Moneybox listed in LinkedIn Top 10 UK companies to watch
30 sec read
The top 50 employers in the fastest growing area of fintech
SteelEye leading the way in innovative surveillance technology
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Michael explores the opportunities and challenges faced by the wider industry.
3 min read
Read more
The Road to Open Finance
34:32 min
Alokik was interviewed on FintechOrama where he shared his perspective on Fintech in a post-COVID world.
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FintechOrama
3 min read
James shared his thoughts on Tokenisation in this Linkedin article.
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Tokenisation: 2020 is execution year
7 min read
Laura outlines how your organisational design is key to growth.
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From Start-Up to Unicorn: A Guide to Consciously Iterate Your Team
Perspectives
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1 min read
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team...
Kuvera raises $4.5M in Series A funding
Read more
2 min read
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from ...
Moneybox secures £30m in Series C funding
1 min read
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm...
Our investment in SteelEye
Read more
1 min read
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year...
Our investment in Conquest
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1 min read
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce...
Clear raises $13m in Series A funding
Read more
2 min read
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for...
Eight Roads Invests in Moneybox
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As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
13.07.2018
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Eight Roads Invests in Moneybox
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for their future. Existing investors including Oxford Capital Partners and Samos Investments also participated.
Moneybox was set up to address the fact a generation is growing up without the tools, information or confidence they need to build their financial future. This new round of funding, which brings the total amount raised by the company to £21.3m, will be used to build out the team and deliver a best-in-class customer experience, including new products and outstanding content.
Moneybox’s purpose is to offer people a simple way to take the first step on their investing journey, and then continue to build their financial future through easy-to-use tools and support. Moneybox is determined to break the inertia surrounding saving and investing, helping people to lay the foundations to achieve their financial goals – whether they are saving for a house deposit, a wedding or the trip of a lifetime. Since launching in August 2015, it has helped more than 100,000 people start their investing journey.
“The traditional wealth management industry is geared to those who already have wealth – a concept that is alien to many young people. It creates huge barriers – including impenetrable jargon – for those who want to start saving and investing. We are determined to break that mould and make investing clear, simple and easy to achieve. We are delighted that this new funding round will help us to further develop our service and empower many more customers to achieve their financial goals,” said Ben Stanway, co-founder of Moneybox.
Cyrus Jilla, President of Eight Roads said: “Moneybox demystifies savings and investments with a simple, engaging and intuitive product that fits seamlessly into the everyday lives of its users. Eight Roads’ looks forward to using its global network and financial services expertise to support Moneybox over the long-term, as it continues to grow its loyal customer base, expand its proposition and build out its team.”
The Moneybox app makes investing easily achievable – customers can sign up in a few minutes and get started with as little as £1. The popular round ups feature makes investing part of everyday life by helping customers set aside the spare change from their purchases. The average Moneybox customer invests £20 a week through a combination of round ups, weekly deposits, payday boosts and one-offs.
Customers can choose from three simple starting options – cautious, balanced and adventurous – which invest in tracker funds run by Vanguard, Henderson and BlackRock.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
16.04.2019
Share:
Source:
Kuvera raises $4.5M in Series A funding
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team. Kuvera was founded in 2016 as India’s first ‘free-to-use’ web-based direct mutual fund investment platform. It provides more than 100,000 users with access to a range of innovative investment tools designed to help them save and reach their financial goals. Kuvera currently manages more than Rs 3,000 crores in mutual fund investments.
Kuvera was founded in Bangalore by Gaurav Rastogi, Neelabh Sanyal and Mayank Sharma. Each founder brings extensive investment, finance and technology experience, and a shared aspiration to use digital innovation to simplify the investment journey for millions of Indian consumers.
This first round of institutional funding will allow Kuvera to build its team and expand its product portfolio. Kuvera is increasing its use of AI to help its customers invest in a way that helps them to secure better returns, while enhancing its product and service range to reduce the cost of accessing multiple financial products through a single digital platform.
Commenting on the investment Alokik Advani, said: "This is our team's first investment in India. We are really impressed by Kuvera's platform which is at par with the best. We will leverage our close relationship with Fidelity to support Kuvera in serving the Indian consumer".
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
19.02.2020
Share:
Source:
Our investment in Conquest
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year. Founded in 2018 and based in Manitoba, Conquest is developing financial planning software that uses artificial intelligence to help advisors and consumers easily understand the impact of financial planning decisions and develop personalized plans.
The investment has been made by our Fintech Strategic Investments team alongside Portag3 Ventures. The $3 million in seed funding brings Conquest’s total funding to date to $4 million. This marks Conquest’s first outside raise and the startup plans to use the financing to bring its product to market later this year. Conquest also plans to grow its current team of around 20 employees in anticipation of its market launch.
“With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers,” Evans added. “This industry is ripe for change and we are fortunate to be initiating this journey with such great partners in Portag3 Ventures and Eight Roads. I am excited to be back.”
“The ethos of Conquest Planning is to get more people into financial plans,” said Mark Evans, president and CEO of Conquest and the former head of EISI, a Prairie-based financial planning software company that was acquired in 2011.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
20.02.2020
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Source:
Our investment in SteelEye
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm - alongside existing investor Illuminate Financial. It takes the total amount raised by SteelEye to $20m. SteelEye was established in October 2017 to reduce the complexity and cost of compliance and to enable financial firms globally to manage their regulatory obligations through a single platform.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR.
Matt Smith, CEO of SteelEye, added: “Data accuracy has been one of the biggest challenges facing firms’ following regulations such as MiFID II. By solving the data problem first, our clients not only save cost and free up time but gain unparalleled insight into their business and commercial operations. Eight Roads shares our ‘data first’ vision and will be instrumental in helping us grow our business.”
“SteelEye’s innovative data and RegTech platform is successfully helping financial firms manage their increasingly complex compliance obligations,” said Alokik Advani, Managing Director, FinTech Strategic Investments at Eight Roads. “SteelEye has achieved considerable momentum in the market, demonstrating significant demand for its services. We are delighted to partner with SteelEye to boost their growth and we look forward to reinforcing their efforts.”
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
17.07.2020
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Moneybox secures £30m in Series C funding
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from existing investors including Eight Roads, and new investors Breega and CNP.
Moneybox also reveals it now has £1bn in assets under administration, and announces plans to bring customers closer to its growth journey through an upcoming crowdfund.
Each week thousands of people open accounts with Moneybox, and together customers deposit more than £100m onto the platform every month. Customers can set money aside in the way that suits them best using round ups, regular deposits or one-off payments, whilst popular tools such as the Time Machine help them keep their savings on track.
The Series C funding round, which completed earlier this year, was led jointly by Eight Roads and new investors CNP. Moneybox also welcomed Breega, investors in Curve, on board alongside existing investors. The £30m takes total funds raised to date to £51.3 million. The funds will help Moneybox build on its product offering, invest in new technology, scale the team, and further execute its mission of helping everyone save and invest for their future.
“Moneybox’s singular focus on improving the savings and investing experience for the UK was clear from the get go. We have been extremely pleased by the flawless execution of the Moneybox mission since then, and have re-invested in this round.”
Ben Marrel, Founder & Managing Partner of Breega added: “Moneybox, with their best in class savings service, are remodeling and democratising the wealth management market by helping people save easily, invest painlessly and fund future projects.
“We are very excited to join in their journey and we’re really looking forward to working with what we consider to be one of the best teams in the Fintech space and helping them become the number one mobile savings and investment platform!”
Working in conjunction with Crowdcube, Moneybox will offer its community the opportunity to share in its exciting growth journey alongside existing professional investors in its first ever crowdfund. Pre-registration for the crowdfund opens today, 17th July, on the Moneybox website, with the private crowdfunding round going live late July.
“We are also very excited to announce our first ever crowdfund, giving our community the chance to be a part of our journey. We want to give everyone the opportunity to share and shape our future success and help us become one of the largest saving and investing platforms in the UK.”
Alokik Advani, Managing Director, Fintech Strategic Investments at Eight Roads said: “Eight Roads is delighted to co-lead the Series C funding round of Moneybox.
Ben Stanway, Co-founder of Moneybox said: “We’re really pleased to have continued support from Eight Roads, and to welcome on board new investors CNP and Breega as we work to further execute on our mission of helping everyone save and invest for their future.
The fintech startup is on a mission to help everyone save and invest for their future. Launched in 2016, the company has experienced rapid growth and now has a community of more than 450,000 customers and a team of 120 people.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
10.02.2020
Share:
Source:
Clear raises $13M in Series A funding
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce.
HKT, Singtel Innov8, Telefónica Innovation Ventures and Telekom Innovation Pool of Deutsche Telekom also participated. Clear has created a platform operating on blockchain technologies, to help enterprises automate contracts and data management while guaranteeing control, security and privacy in networks with multiple partners.
1 min read
To help scale the business and prepare SteelEye for expansion into North America and Asia Pacific
SteelEye names Rob Friend as its Chief Operating Officer
Read more
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As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
Fidelity International Strategic Ventures
1 St. Martin’s Le Grand
United Kingdom
EC1A 4AS
London
Visit
hello@fisv.com
+44 02070745486
Contact
© 2021 Fil Investment Management Limited
Reg.No. 02349713
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Josh shares a compelling thesis on the unbundling of the asset management software stack
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Unbundling the Asset Management Stack
It's been a busy Q3 at FISV, read our second newsletter to find out more.
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FISV Newsletter: Issue 2 (October 2020)
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OBIC Open Banking Insight Series
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Alokik talks about redefining consumer finance and accelerating financial inclusion through technology at this BVCA forum.
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Michael explores the opportunities and challenges faced by the wider industry.
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Josh shares a compelling thesis on the unbundling of the asset management software stack
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Unbundling the Asset Management Stack
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James shared his thoughts on Tokenisation in this Linkedin article.
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Laura outlines how your organisational design is key to growth.
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Welcome to the first edition of the FISV newsletter.
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FISV Newsletter: Issue 1 (August 2020)
Click here to subscribe to the FISV quarterly newsletter
Click here to subscribe to the FISV quarterly newsletter
Read more
Bence shares more on what got us excited about DriveWealth, an incredible global digital trading technology platform.
4 min read
Investment infrastructure re-imagined
Listen
Michael participated in a panel - ‘OBIC Open Banking Insight Series’:
44:15 min
OBIC Open Banking Insight Series
Read more
It's been a busy Q3 at FISV, read our second newsletter to find out more.
FISV Newsletter: Issue 2 (October 2020)
Listen
Alokik talks about redefining consumer finance and accelerating financial inclusion through technology at this BVCA forum.
22:42 min
Redefining consumer finance
Michael published an article on Medium outlining our investment thesis for Moneybox.
6 min read
Read more
Why we invested in Moneybox
Josh shares a compelling thesis on the unbundling of the asset management software stack
7 min read
Read more
Unbundling the Asset Management Stack
Welcome to the first edition of the FISV newsletter.
FISV Newsletter: Issue 1 (August 2020)
Read more
- About us
- Contact us
- Portfolio
- Perspectives
- News
- People
Read more
1 min read
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team...
Kuvera raises $4.5M in Series A funding
Read more
2 min read
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from ...
Moneybox secures £30m in Series C funding
1 min read
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm...
Our investment in SteelEye
Read more
1 min read
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year...
Our investment in Conquest
Read more
1 min read
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce...
Clear raises $13m in Series A funding
Read more
2 min read
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for...
Eight Roads Invests in Moneybox
Read more
News
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
13.07.2018
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Eight Roads Invests in Moneybox
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for their future. Existing investors including Oxford Capital Partners and Samos Investments also participated.
Moneybox was set up to address the fact a generation is growing up without the tools, information or confidence they need to build their financial future. This new round of funding, which brings the total amount raised by the company to £21.3m, will be used to build out the team and deliver a best-in-class customer experience, including new products and outstanding content.
Moneybox’s purpose is to offer people a simple way to take the first step on their investing journey, and then continue to build their financial future through easy-to-use tools and support. Moneybox is determined to break the inertia surrounding saving and investing, helping people to lay the foundations to achieve their financial goals – whether they are saving for a house deposit, a wedding or the trip of a lifetime. Since launching in August 2015, it has helped more than 100,000 people start their investing journey.
“The traditional wealth management industry is geared to those who already have wealth – a concept that is alien to many young people. It creates huge barriers – including impenetrable jargon – for those who want to start saving and investing. We are determined to break that mould and make investing clear, simple and easy to achieve. We are delighted that this new funding round will help us to further develop our service and empower many more customers to achieve their financial goals,” said Ben Stanway, co-founder of Moneybox.
Cyrus Jilla, President of Eight Roads said: “Moneybox demystifies savings and investments with a simple, engaging and intuitive product that fits seamlessly into the everyday lives of its users. Eight Roads’ looks forward to using its global network and financial services expertise to support Moneybox over the long-term, as it continues to grow its loyal customer base, expand its proposition and build out its team.”
The Moneybox app makes investing easily achievable – customers can sign up in a few minutes and get started with as little as £1. The popular round ups feature makes investing part of everyday life by helping customers set aside the spare change from their purchases. The average Moneybox customer invests £20 a week through a combination of round ups, weekly deposits, payday boosts and one-offs.
Customers can choose from three simple starting options – cautious, balanced and adventurous – which invest in tracker funds run by Vanguard, Henderson and BlackRock.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
16.04.2019
Share:
Source:
Kuvera raises $4.5M in Series A funding
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team. Kuvera was founded in 2016 as India’s first ‘free-to-use’ web-based direct mutual fund investment platform. It provides more than 100,000 users with access to a range of innovative investment tools designed to help them save and reach their financial goals. Kuvera currently manages more than Rs 3,000 crores in mutual fund investments.
Kuvera was founded in Bangalore by Gaurav Rastogi, Neelabh Sanyal and Mayank Sharma. Each founder brings extensive investment, finance and technology experience, and a shared aspiration to use digital innovation to simplify the investment journey for millions of Indian consumers.
This first round of institutional funding will allow Kuvera to build its team and expand its product portfolio. Kuvera is increasing its use of AI to help its customers invest in a way that helps them to secure better returns, while enhancing its product and service range to reduce the cost of accessing multiple financial products through a single digital platform.
Commenting on the investment Alokik Advani, said: "This is our team's first investment in India. We are really impressed by Kuvera's platform which is at par with the best. We will leverage our close relationship with Fidelity to support Kuvera in serving the Indian consumer".
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
19.02.2020
Share:
Source:
Our investment in Conquest
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year. Founded in 2018 and based in Manitoba, Conquest is developing financial planning software that uses artificial intelligence to help advisors and consumers easily understand the impact of financial planning decisions and develop personalized plans.
The investment has been made by our Fintech Strategic Investments team alongside Portag3 Ventures. The $3 million in seed funding brings Conquest’s total funding to date to $4 million. This marks Conquest’s first outside raise and the startup plans to use the financing to bring its product to market later this year. Conquest also plans to grow its current team of around 20 employees in anticipation of its market launch.
“With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers,” Evans added. “This industry is ripe for change and we are fortunate to be initiating this journey with such great partners in Portag3 Ventures and Eight Roads. I am excited to be back.”
“The ethos of Conquest Planning is to get more people into financial plans,” said Mark Evans, president and CEO of Conquest and the former head of EISI, a Prairie-based financial planning software company that was acquired in 2011.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
20.02.2020
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Source:
Our investment in SteelEye
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm - alongside existing investor Illuminate Financial. It takes the total amount raised by SteelEye to $20m. SteelEye was established in October 2017 to reduce the complexity and cost of compliance and to enable financial firms globally to manage their regulatory obligations through a single platform.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR.
Matt Smith, CEO of SteelEye, added: “Data accuracy has been one of the biggest challenges facing firms’ following regulations such as MiFID II. By solving the data problem first, our clients not only save cost and free up time but gain unparalleled insight into their business and commercial operations. Eight Roads shares our ‘data first’ vision and will be instrumental in helping us grow our business.”
“SteelEye’s innovative data and RegTech platform is successfully helping financial firms manage their increasingly complex compliance obligations,” said Alokik Advani, Managing Director, FinTech Strategic Investments at Eight Roads. “SteelEye has achieved considerable momentum in the market, demonstrating significant demand for its services. We are delighted to partner with SteelEye to boost their growth and we look forward to reinforcing their efforts.”
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
17.07.2020
Share:
Source:
Moneybox secures £30m in Series C funding
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from existing investors including Eight Roads, and new investors Breega and CNP.
Moneybox also reveals it now has £1bn in assets under administration, and announces plans to bring customers closer to its growth journey through an upcoming crowdfund.
Each week thousands of people open accounts with Moneybox, and together customers deposit more than £100m onto the platform every month. Customers can set money aside in the way that suits them best using round ups, regular deposits or one-off payments, whilst popular tools such as the Time Machine help them keep their savings on track.
The Series C funding round, which completed earlier this year, was led jointly by Eight Roads and new investors CNP. Moneybox also welcomed Breega, investors in Curve, on board alongside existing investors. The £30m takes total funds raised to date to £51.3 million. The funds will help Moneybox build on its product offering, invest in new technology, scale the team, and further execute its mission of helping everyone save and invest for their future.
“Moneybox’s singular focus on improving the savings and investing experience for the UK was clear from the get go. We have been extremely pleased by the flawless execution of the Moneybox mission since then, and have re-invested in this round.”
Ben Marrel, Founder & Managing Partner of Breega added: “Moneybox, with their best in class savings service, are remodeling and democratising the wealth management market by helping people save easily, invest painlessly and fund future projects.
“We are very excited to join in their journey and we’re really looking forward to working with what we consider to be one of the best teams in the Fintech space and helping them become the number one mobile savings and investment platform!”
Working in conjunction with Crowdcube, Moneybox will offer its community the opportunity to share in its exciting growth journey alongside existing professional investors in its first ever crowdfund. Pre-registration for the crowdfund opens today, 17th July, on the Moneybox website, with the private crowdfunding round going live late July.
“We are also very excited to announce our first ever crowdfund, giving our community the chance to be a part of our journey. We want to give everyone the opportunity to share and shape our future success and help us become one of the largest saving and investing platforms in the UK.”
Alokik Advani, Managing Director, Fintech Strategic Investments at Eight Roads said: “Eight Roads is delighted to co-lead the Series C funding round of Moneybox.
Ben Stanway, Co-founder of Moneybox said: “We’re really pleased to have continued support from Eight Roads, and to welcome on board new investors CNP and Breega as we work to further execute on our mission of helping everyone save and invest for their future.
The fintech startup is on a mission to help everyone save and invest for their future. Launched in 2016, the company has experienced rapid growth and now has a community of more than 450,000 customers and a team of 120 people.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
10.02.2020
Share:
Source:
Clear raises $13M in Series A funding
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce.
HKT, Singtel Innov8, Telefónica Innovation Ventures and Telekom Innovation Pool of Deutsche Telekom also participated. Clear has created a platform operating on blockchain technologies, to help enterprises automate contracts and data management while guaranteeing control, security and privacy in networks with multiple partners.
1 min read
To help scale the business and prepare SteelEye for expansion into North America and Asia Pacific.
SteelEye names Rob Friend as its Chief Operating Officer
Read more
Read more
2 min read
The 2020 LinkedIn Top Startups list reveals the 10 young, resilient companies where the UK wants to work now.
Moneybox listed in LinkedIn Top 10 UK companies to watch
Read more
30 sec read
The top 50 employers in the fastest growing area of fintech
SteelEye leading the way in innovative surveillance technology
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
hello@fisv.com
+44 02070745486
© 2021 Fil Investment Management Limited
Reg.No. 02349713
Fidelity International Strategic Ventures
1 St. Martin’s Le Grand
United Kingdom
EC1A 4AS
London
Visit
Connect
Contact
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Want to learn more about Fidelity International Strategic Ventures?
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Read more
2 min read
The 2020 LinkedIn Top Startups list reveals the 10 young, resilient companies where the UK wants to work now.
Moneybox listed in LinkedIn Top 10 UK companies to watch
30 sec read
The top 50 employers in the fastest growing area of fintech
SteelEye leading the way in innovative surveillance technology
News
Read more
1 min read
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team...
Kuvera raises $4.5M in Series A funding
2 min read
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from ...
Moneybox secures £30m in Series C funding
1 min read
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm...
Our investment in SteelEye
Read more
1 min read
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year...
Our investment in Conquest
Read more
1 min read
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce...
Clear raises $13m in Series A funding
Read more
2 min read
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for...
Eight Roads Invests in Moneybox
Read more
1 min read
To help scale the business and prepare SteelEye for expansion into North America and Asia Pacific
SteelEye names Rob Friend as its Chief Operating Officer
Read more
- About us
- Contact us
- Portfolio
- Perspectives
- News
- People
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
Fidelity International Strategic Ventures
1 St. Martin’s Le Grand
United Kingdom
EC1A 4AS
London
Visit
hello@fisv.com
+44 02070745486
Contact
© 2021 Fil Investment Management Limited
Reg.No. 02349713
Connect
Contact Us
Contact Us
Want to learn more about Fidelity International Strategic Ventures?
Contact Us
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
13.07.2018
Share:
Source:
Eight Roads Invests in Moneybox
Moneybox has secured £14m in Series B funding, in a round led by Eight Roads, to expand its service and help a generation invest for their future. Existing investors including Oxford Capital Partners and Samos Investments also participated.
Moneybox was set up to address the fact a generation is growing up without the tools, information or confidence they need to build their financial future. This new round of funding, which brings the total amount raised by the company to £21.3m, will be used to build out the team and deliver a best-in-class customer experience, including new products and outstanding content.
Moneybox’s purpose is to offer people a simple way to take the first step on their investing journey, and then continue to build their financial future through easy-to-use tools and support. Moneybox is determined to break the inertia surrounding saving and investing, helping people to lay the foundations to achieve their financial goals – whether they are saving for a house deposit, a wedding or the trip of a lifetime. Since launching in August 2015, it has helped more than 100,000 people start their investing journey.
“The traditional wealth management industry is geared to those who already have wealth – a concept that is alien to many young people. It creates huge barriers – including impenetrable jargon – for those who want to start saving and investing. We are determined to break that mould and make investing clear, simple and easy to achieve. We are delighted that this new funding round will help us to further develop our service and empower many more customers to achieve their financial goals,” said Ben Stanway, co-founder of Moneybox.
Cyrus Jilla, President of Eight Roads said: “Moneybox demystifies savings and investments with a simple, engaging and intuitive product that fits seamlessly into the everyday lives of its users. Eight Roads’ looks forward to using its global network and financial services expertise to support Moneybox over the long-term, as it continues to grow its loyal customer base, expand its proposition and build out its team.”
The Moneybox app makes investing easily achievable – customers can sign up in a few minutes and get started with as little as £1. The popular round ups feature makes investing part of everyday life by helping customers set aside the spare change from their purchases. The average Moneybox customer invests £20 a week through a combination of round ups, weekly deposits, payday boosts and one-offs.
Customers can choose from three simple starting options – cautious, balanced and adventurous – which invest in tracker funds run by Vanguard, Henderson and BlackRock.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
16.04.2019
Share:
Source:
Kuvera raises $4.5M in Series A funding
Kuvera, the Indian digital investment advisor, has raised $4.5m in Series A funding from our FinTech Strategic Investments team. Kuvera was founded in 2016 as India’s first ‘free-to-use’ web-based direct mutual fund investment platform. It provides more than 100,000 users with access to a range of innovative investment tools designed to help them save and reach their financial goals. Kuvera currently manages more than Rs 3,000 crores in mutual fund investments.
Kuvera was founded in Bangalore by Gaurav Rastogi, Neelabh Sanyal and Mayank Sharma. Each founder brings extensive investment, finance and technology experience, and a shared aspiration to use digital innovation to simplify the investment journey for millions of Indian consumers.
This first round of institutional funding will allow Kuvera to build its team and expand its product portfolio. Kuvera is increasing its use of AI to help its customers invest in a way that helps them to secure better returns, while enhancing its product and service range to reduce the cost of accessing multiple financial products through a single digital platform.
Commenting on the investment Alokik Advani, said: "This is our team's first investment in India. We are really impressed by Kuvera's platform which is at par with the best. We will leverage our close relationship with Fidelity to support Kuvera in serving the Indian consumer".
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
19.02.2020
Share:
Source:
Our investment in Conquest
Financial planning FinTech start-up Conquest Planning has raised $3 million CAD in seed funding in anticipation of bringing its software to market this year. Founded in 2018 and based in Manitoba, Conquest is developing financial planning software that uses artificial intelligence to help advisors and consumers easily understand the impact of financial planning decisions and develop personalized plans.
The investment has been made by our Fintech Strategic Investments team alongside Portag3 Ventures. The $3 million in seed funding brings Conquest’s total funding to date to $4 million. This marks Conquest’s first outside raise and the startup plans to use the financing to bring its product to market later this year. Conquest also plans to grow its current team of around 20 employees in anticipation of its market launch.
“With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers,” Evans added. “This industry is ripe for change and we are fortunate to be initiating this journey with such great partners in Portag3 Ventures and Eight Roads. I am excited to be back.”
“The ethos of Conquest Planning is to get more people into financial plans,” said Mark Evans, president and CEO of Conquest and the former head of EISI, a Prairie-based financial planning software company that was acquired in 2011.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
20.02.2020
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Our investment in SteelEye
The Eight Roads Fintech Strategic Investments team has led a $10m Series A round for SteelEye, the compliance technology and data analytics firm - alongside existing investor Illuminate Financial. It takes the total amount raised by SteelEye to $20m. SteelEye was established in October 2017 to reduce the complexity and cost of compliance and to enable financial firms globally to manage their regulatory obligations through a single platform.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR.
Matt Smith, CEO of SteelEye, added: “Data accuracy has been one of the biggest challenges facing firms’ following regulations such as MiFID II. By solving the data problem first, our clients not only save cost and free up time but gain unparalleled insight into their business and commercial operations. Eight Roads shares our ‘data first’ vision and will be instrumental in helping us grow our business.”
“SteelEye’s innovative data and RegTech platform is successfully helping financial firms manage their increasingly complex compliance obligations,” said Alokik Advani, Managing Director, FinTech Strategic Investments at Eight Roads. “SteelEye has achieved considerable momentum in the market, demonstrating significant demand for its services. We are delighted to partner with SteelEye to boost their growth and we look forward to reinforcing their efforts.”
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
2 min read
17.07.2020
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Moneybox secures £30m in Series C funding
Savings and investing app Moneybox has today announced that it has secured £30 million in Series C funding earlier this year from existing investors including Eight Roads, and new investors Breega and CNP.
Moneybox also reveals it now has £1bn in assets under administration, and announces plans to bring customers closer to its growth journey through an upcoming crowdfund.
Each week thousands of people open accounts with Moneybox, and together customers deposit more than £100m onto the platform every month. Customers can set money aside in the way that suits them best using round ups, regular deposits or one-off payments, whilst popular tools such as the Time Machine help them keep their savings on track.
The Series C funding round, which completed earlier this year, was led jointly by Eight Roads and new investors CNP. Moneybox also welcomed Breega, investors in Curve, on board alongside existing investors. The £30m takes total funds raised to date to £51.3 million. The funds will help Moneybox build on its product offering, invest in new technology, scale the team, and further execute its mission of helping everyone save and invest for their future.
“Moneybox’s singular focus on improving the savings and investing experience for the UK was clear from the get go. We have been extremely pleased by the flawless execution of the Moneybox mission since then, and have re-invested in this round.”
Ben Marrel, Founder & Managing Partner of Breega added: “Moneybox, with their best in class savings service, are remodeling and democratising the wealth management market by helping people save easily, invest painlessly and fund future projects.
“We are very excited to join in their journey and we’re really looking forward to working with what we consider to be one of the best teams in the Fintech space and helping them become the number one mobile savings and investment platform!”
Working in conjunction with Crowdcube, Moneybox will offer its community the opportunity to share in its exciting growth journey alongside existing professional investors in its first ever crowdfund. Pre-registration for the crowdfund opens today, 17th July, on the Moneybox website, with the private crowdfunding round going live late July.
“We are also very excited to announce our first ever crowdfund, giving our community the chance to be a part of our journey. We want to give everyone the opportunity to share and shape our future success and help us become one of the largest saving and investing platforms in the UK.”
Alokik Advani, Managing Director, Fintech Strategic Investments at Eight Roads said: “Eight Roads is delighted to co-lead the Series C funding round of Moneybox.
Ben Stanway, Co-founder of Moneybox said: “We’re really pleased to have continued support from Eight Roads, and to welcome on board new investors CNP and Breega as we work to further execute on our mission of helping everyone save and invest for their future.
The fintech startup is on a mission to help everyone save and invest for their future. Launched in 2016, the company has experienced rapid growth and now has a community of more than 450,000 customers and a team of 120 people.
As of July 2020 the Fintech Strategic Investments team at Eights Roads rebranded to Fidelity International Strategic Ventures, FISV.
1 min read
10.02.2020
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Clear raises $13M in Series A funding
The Fintech Strategic Investments team led a $13m Series A round for Clear - which uses blockchain to enable efficient B2B commerce.
HKT, Singtel Innov8, Telefónica Innovation Ventures and Telekom Innovation Pool of Deutsche Telekom also participated. Clear has created a platform operating on blockchain technologies, to help enterprises automate contracts and data management while guaranteeing control, security and privacy in networks with multiple partners.
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2 min read
DriveWealth, LLC, a U.S.-based leader in global digital trading technology, today announced a $56.7 million...
DriveWealth lands $56.7 million Series C funding round
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2 min read
One of the biggest trends in the world of fintech in the last several years has been the emergence...
UK’s PrimaryBid raises $50M as its platform sees a surge of activity
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1 min read
SteelEye, the compliance technology and data analytics firm, has today announced it inclusion on the 2021 RegTech100 directory of leading RegTech companies.
SteelEye listed in the RegTech100 for third year running
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1 min read
Savings and investment app Moneybox has appointed Karen Kerrigan as its first chief operating officer.
Karen Kerrigan appointed as COO at Moneybox
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3 min read
The UK Fast 50 is one of the UK's foremost technology awards programmes. It is an acknowledgement of the 50 fastest-growing technology companies in the UK.
Moneybox recognised as one of the UKs fastest growing companies.
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5 min read
The Benzinga Fintech Listmakers showcase companies and executives from areas such as financial research, brokerages, payments, investing and more.
DriveWealth win best API at the Benzinga Global Fintech Awards
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2 min read
One of the biggest trends in the world of fintech in the last several years has been the emergence...
UK’s PrimaryBid raises $50M as its platform sees a surge
Read more
1 min read
SteelEye, the compliance technology and data analytics firm, has today announced it inclusion on the 2021 RegTech100 directory of leading RegTech companies.
SteelEye listed in the RegTech100 for third year running
Read more
1 min read
Savings and investment app Moneybox has appointed Karen Kerrigan as its first chief operating officer.
Karen Kerrigan appointed as COO at Moneybox
Read more
3 min read
The UK Fast 50 is one of the UK's foremost technology awards programmes. It is an acknowledgement of the 50 fastest-growing technology companies in the UK.
Moneybox recognised as one of the UKs fastest growing companies.
Read more
5 min read
The Benzinga Fintech Listmakers showcase companies and executives from areas such as financial research, brokerages, payments, investing and more.
DriveWealth win best API at the Benzinga Global Fintech Awards
2 min read
DriveWealth, LLC, a U.S.-based leader in global digital trading technology, today announced a $56.7 million...
DriveWealth lands $56.7 million Series C funding round
Read more
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Michael Sim
Vice President
- Pierre Mendelsohn, Founder, Alpima
“Michael is super sharp and insightful, plus he thinks and acts like a true partner. His dedication to our success goes well beyond the call of duty. It is great to have Michael working with us”
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Meaningful change only happens when a small group of people have conviction in an idea and are empowered with capital and ownership. Founders that are unencumbered by legacy tech stacks, preserving existing revenue streams and managing political hierarchies have an outsized chance of success relative to incumbents. Partnering with teams to help maximise those odds is the best part of the job.
Professor Scott Galloway. It would be an (insightful) hoot
I’m a sucker for a simple product that can elegantly address an overlooked problem. Financial education has never been taught effectively, but for a digital generation the concept of money, earnings, saving and spending is even more intangible. GoHenry is a pre-paid debit card for kids over 6 years old that allows parents to allocate pocket money and oversee spending. Children can then use their personalised card to spend that cash in stores, online or to save it in a pot towards a larger goal (on which parents can ‘pay’ interest!). Not only does the product fulfil an important gap in financial services, but they have a nice subscription revenue model and a powerful recommendation engine of both parents and kids!
Michael Sim
Vice President
Pierre Mendelsohn
Michael is super sharp and insightful, plus he thinks and acts like a true partner. His dedication to our success goes well beyond the call of duty. It is great to have Michael working with us”
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Meaningful change only happens when a small group of people have conviction in an idea and are empowered with capital and ownership. Founders that are unencumbered by legacy tech stacks, preserving existing revenue streams and managing political hierarchies have an outsized chance of success relative to incumbents. Partnering with teams to help maximise those odds is the best part of the job.
Professor Scott Galloway. It would be an (insightful) hoot
I’m a sucker for a simple product that can elegantly address an overlooked problem. Financial education has never been taught effectively, but for a digital generation the concept of money, earnings, saving and spending is even more intangible. GoHenry is a pre-paid debit card for kids over 6 years old that allows parents to allocate pocket money and oversee spending. Children can then use their personalised card to spend that cash in stores, online or to save it in a pot towards a larger goal (on which parents can ‘pay’ interest!). Not only does the product fulfil an important gap in financial services, but they have a nice subscription revenue model and a powerful recommendation engine of both parents and kids!
"
Founder, Alpima
Michael Sim
Vice President
- Pierre Mendelsohn
, Founder, Alpima
Michael is super sharp and insightful, plus he thinks and acts like a true partner. His dedication to our success goes well beyond the call of duty. It is great to have Michael working with us.”
"
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Meaningful change only happens when a small group of people have conviction in an idea and are empowered with capital and ownership. Founders that are unencumbered by legacy tech stacks, preserving existing revenue streams and managing political hierarchies have an outsized chance of success relative to incumbents. Partnering with teams to help maximise those odds is the best part of the job.
Professor Scott Galloway. It would be an (insightful) hoot
I’m a sucker for a simple product that can elegantly address an overlooked problem. Financial education has never been taught effectively, but for a digital generation the concept of money, earnings, saving and spending is even more intangible. GoHenry is a pre-paid debit card for kids over 6 years old that allows parents to allocate pocket money and oversee spending. Children can then use their personalised card to spend that cash in stores, online or to save it in a pot towards a larger goal (on which parents can ‘pay’ interest!). Not only does the product fulfil an important gap in financial services, but they have a nice subscription revenue model and a powerful recommendation engine of both parents and kids!
What is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
Working with fintech entrepreneurs on overcoming complex challenges and on shaping the norms of asset management for the better, while trying to stay ahead of the curve is a truly exciting mix my role allows for.
I’m very excited about the potential that the API-led opening up of finance has on the way people spend, save or invest, while giving control and ownership of data back to the consumer.
It would have to be Richard Branson, a passionate serial entrepreneur with perseverance – especially if it were hosted on the Necker!
Bloomberg. An amazing case study of a purpose-built solution that was able to continuously deliver & develop into a diversified platform as well as of a business that has essentially been unmatched since inception. (And was launched in the midst of an economic downturn!)
Bence Banhalmi
Associate
James Devlin
Senior Associate
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
It is exciting to invest in teams with clear visions of the problems they are trying to solve. Our role is to support them in the journey both financially and through access to Fidelity’s global ecosystem with the aim of bringing that vision to reality
- Matt Smith
, CEO, Steeleye
When building a business, having partners who have the experience to help us navigate complex challenges of the unknown helps us to achieve our goals faster. James has this experience."
"
The emergence of firms that facilitate retail investor access to alternative assets. Everyone should have access to as broad an investment universe as scalable technology can allow.
iCapital Network and Coinbase. Both have delivered on their mission to broaden the investor base for operationally complex asset classes. In their case private equity and cryptocurrencies.
Which entrepreneur would you invite to a fantasy dinner party?
Thomas Peterffy, Founder and Chairman of Interactive Brokers. Large personality with a deep affinity for technology in financial markets.
What is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
We have a window of opportunity to redefine the infrastructure that underpins global investment management. It’s a privilege to work with driven & talented founders in pursuit of that goal: creating meaningful change and forging a more inclusive financial system with superior customer outcomes.
Opportunities within fintech infrastructure. At the application level, the number of fintech start-ups and innovative established players launching new products is exploding. This has created a significant opportunity for companies providing infrastructure as a service, empowering development teams to focus on building differentiated products.
Visa - the original fintech company. Its creation of the modern credit card in 1958 - while still part of Bank of America - revolutionised the provision of consumer credit and in turn the global financial system. It has maintained its remarkable network effects to this day and exacts a small tax on a large proportion of global commerce through interchange fees.
Josh Lloyd Lyons
Analyst
Eugene Kleiner - co-founder of Fairchild Semiconductor and member of the 'traitorous eight'. Fairchild transformed modern semiconductor design - progressing from start-up to one of the world’s largest semiconductor companies. Spin offs from Fairchild such as Intel & AMD are still innovating today. Given his profound contribution to the field, he can perhaps be forgiven for crossing over to the dark side: starting the venture capital firm Kleiner Perkins later in life.
Erik Mostenecky
Senior Associate
- Eran Haggiag
, co-Founder and Executive Chairman, Clear
With Erik, it is both fun and very practical working together. His ability to understand and analyze complex models, extracting the signal from the noise is impressive and helpful."
"
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
My days are split between talking to founders, analysing potential investment ideas and advising portfolio companies. The sheer diversity of problem statements, personalities and situations is undeniably exciting. You learn something new every day.
I am very excited about macro trends impacting the way people live. 2020 was an eye-opener, and we have seen an acceleration of digital transformation - financial institutions have to replace their legacy tech stack with new innovative solutions
My University classmate co-founded Plaid - they have been able to attract exceptional talent, serve as GTM accelerator to other fintechs and attract word leading investors to back them. This all led to their $5.3bn exit to VISA - what a journey to be part of!
Tomas Bata, the founding father of the Bata manufacturing empire of the 20th century and pioneer of social capitalism - a well-travelled, charismatic entrepreneur who could spice up a dinner party with a story or two.
Alokik Advani
Managing Partner
- Ben Stanway
, Founder & CEO, Moneybox
Alokik intuitively understands our challenges and opportunities and invariably provides actionable insight. He provides support throughout and challenge when necessary. I'd recommend working with him to any ambitious founder.”
"
Which global fintech trend are you most excited about and why?
What is the fintech you wish you had backed and why?
Which entrepreneur would you invite to a fantasy dinner party?
Having been a fintech investor before the word 'fintech' was coined has allowed me to witness, support and commiserate with many founders. What I love about my job – spending time with incredible entrepreneurs with passion and vision, developing deep relationships to withstand the rollercoster ride of startups, and being uniquely positioned to join the dots between startups and the Fidelity International ecosystem globally
Would have to be Elon Musk, the 'Edison of our Time', for disrupting not 1 but multiple capital-intensive businesses across EV, solar, space and tunnels.
With $15tr intergenerational wealth transfer expected over the next 10 years, the focus on personalized advice will be critical as more people seek solutions that are right for themselves and their circumstances. Advice as we know it is broken, and this creates a great catalyser for change.
More of a series of APIs rather than a particular 'fintech' per se, India Stack has uilized public/private partnership to create a unique biometric identifier, eKYC, unified payments interface and digital consent rights management for 1.3 billion people – essentially levelling the playing field on which any fintech company can provide services
Which global fintech trend are you most excited about and why?
I have always loved the journey working alongside founders and early stage businesses. Their determination, gratitude and belief is inspirational and makes being part of the journey to create innovative, problem-busting products and businesses hugely rewarding. Ensuring that companies achieve access to necessary capital on fair terms is essential for all involved and it is an amicable process which is unique to venture investing
Dare I say the regtech side of fintech? As regulators introduce more regulation to protect us consumers on the plethora of exciting and fast-moving developments in new fintech products, there will be an enormous need for regtech companies to compliment and serve these exciting new fintechs. I am all for keeping things simple and see a great value in the role that regtech has to play for all involved.
Catherine Passmore Jones
Legal Counsel
Which global fintech trend are you most excited about and why?
Keeping things moving is the aim of the game. Supporting busy founders with a flexible approach to schedules as well as thinking creatively helps to drive their business.
Personal financial management apps powered by open banking. As I purchased my first property, I found that having a single view of my finances gives me a holistic view of my monthly outgoings. As open banking expands, I’m excited to see where this could lead.
Danica Histed
Team Assistant
What is the fintech you wish you had backed and why?
Monzo. Having redefined the current account, they use technology to create a better consumer experience. Love it or hate it, I’m a big fan of the coral card. I’m in.
Which entrepreneur would you invite to a fantasy dinner party?
Oprah Winfrey - I think we could all learn a thing or two from her. I might even take her song request and get on the DJ decks after dinner if she hangs around.
Laura Atterwill
Talent & Operations Partner
- Dan Mitchell
, Founder and CEO, Hivemind
Laura's guidance on expanding the team has been exceptional. She understood what we were looking for immediately and articulated it more crisply than we could ourselves, but more importantly than that she gave great practical advice on how to achieve it.”
"
Getting talent right is undoubtedly one of the biggest challenges founders are faced with. I have the amazing privilege of working with the next generation of fintech masterminds and hope that by offering CEOs support with some of their most complex people problems we can help them to avoid some of the pitfalls and challenges related to hiring, HR, org design and incentives
Mint was the precursor to a number of the great web-based money management tools and neo banks that are revolutionising financial services today. It grew to 10 million users in just 4 years and overcame the trust barrier through rigorous validation, a great product, high content marketing and a simple user experience.
Commission free investing democratises trading and makes stock ownership accessible and affordable. If providers can progress towards offering a broader variety of products including actively managed funds and investment trusts, all the better.
Which is the fintech you wish you had backed and why?
Which global fintech trend are you most excited about and why?
Which entrepreneur would you invite to a fantasy dinner party?
Arianna Huffington is one of the few female icons that has earned the license to say exactly what she feels. A fearless activist, mother, entrepreneur and author she is also a realist who knows about pressure and how to switch off.
Helping the UK save and invest for the future
moneyboxapp.com
Open roles
Founded in:
2015
2016
First invested in:
- Ben Stanway
, Co-Founder and CEO, Moneybox
Many have little to no help with their finances but starting early for saving and banking is crucial”
"
Helping the UK save and invest for the future
moneyboxapp.com
Open roles
Founded in:
2015
2016
First invested in:
Ben Stanway, Co-Founder and CEO, Moneybox
“Many have little to no help with their finances but starting early for saving and banking is crucial”
A compliance technology and data analytics tool.
steel-eye.com
Open roles
Founded in:
2017
2020
First invested in:
- Matt Smith
, CEO, Steeleye
We were driven to start SteelEye because in my former life as a CIO, trying to effectively manage regulatory obligations, we discovered that there is no data-centric compliance solution available"
Versatile data preparation software that streamlines and systematises human data work, helping you collect, clean and enrich your data.
hmvd.io
Open roles
Founded in:
2017
2019
First invested in:
Companies today are grappling with the growth in unstructured data, such as text, video or images. Hivemind’s cloud-based platform efficiently structures this data so that companies can process and analyse it.”
- Dan Mitchell
, Co-Founder and CEO, Hivemind
New generation B2B investment platform focused on rules based investing.
alpima.net
Open roles
Founded in:
2014
2017
First invested in:
A number of factors made me believe there was an opportunity in the space. The financial world is being re-shaped by technology and strong macro-economic forces. Technology is an important component as the world around us is going digital and orders can get executed electronically faster than ever. Client expectations are shifting fast. The real opportunity lies in helping clients build personalised portfolios quickly and easily.”
- Dan Mitchell
, Co-Founder and CEO, Hivemind
Online platform for mutual fund investments in India.
kuvera.in
Open roles
Founded in:
2016
2018
First invested in:
Our focus always has been about simplicity, about building an honest financial services platform backed by technology, and to pass the cost savings of technology to the end user.”
- Gaurav Rastogi
, Founder and CEO, Kuvera
Builds blockchain based settlement and clearing networks for global industries.
clear.io
Open roles
Founded in:
2018
2020
First invested in:
We use blockchain technology to create business partner interactions in ways that are auditable, cryptographically secure and ensure that both sides are synced and seeing the same information.”
- Gal Hochberg
, Co-Founder, Clear
AI-based financial planning software for advisors
conquestplanning.com
Open roles
Founded in:
2018
2018
First invested in:
With a long history in the financial planning technology space, our founding team was able to leverage our experience to re-imagine a more engaging and efficient financial planning process for advisors and customers.”
- Mark Evans
, President and CEO, Conquest
Digital wealth platform that delivers automated, personalised portfolio management to each client’s individual portfolios.
stashaway.sg
Open roles
Founded in:
2016
2018
First invested in:
What makes StashAway different is how we leverage our in-house technology to build and manage personalized portfolios, while also monitoring data points that can indicate an economic change (like a recession) before the markets even respond.”
- Michele Ferrario
, Co-founder and CEO
A compliance technology and data analytics tool.
steel-eye.com
Open roles
Founded in:
2017
2020
First invested in:
Matt Smith, CEO, SteelEye
"We were driven to start SteelEye because in my former life as a CIO, trying to effectively manage regulatory obligations, we discovered that there is no data-centric compliance solution available"
Alokik was interviewed on , where he shared his perspective on Fintech in a post-COVID world and how we are looking at investing in start-ups strategically.
FintechOrama
Perspective
