Fasanara Capital, a London-based asset manager, has formed a $350 million investment fund to support fintech and cryptocurrency firms that may provide new use cases for the Web3 economy.
The firm, which controls $3.5 billion in assets, is focusing on early-stage fintech and crypto firms, where it hopes to form long-term partnerships with project founders and other industry professionals. This might mean bigger equity investments than a traditional venture capital company.
Fasanara Capital, founded in 2011, is a fintech investment firm that is increasingly focused on digital assets and lending technology. The European Investment Fund, a Luxembourg-based financial organization that arranges small business loans through private banks and funds, has backed the company, which is authorized by the Financial Conduct Authority in the United Kingdom.
ScalaPay, an Italian payment service provider, and Grover, a German smartphone and subscription service firm, are two of Fasanara’s portfolio companies that have recently attained unicorn status. A unicorn in the startup sector is a firm with a valuation of $1 billion or more.
As investors hunt for the next wave of disruptive technology, venture capital financing into fintech and cryptocurrency firms continues to rise. According to the organizers of the Tech.eu Summit, more than 750 fintech funding deals worth more than $27 billion were disclosed in Europe alone in 2021. Meanwhile, according to Cointelegraph Research, crypto businesses concluded 1,349 agreements for a total of $30.5 billion in 2021.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…
Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…
Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…
Campinas, Brazil, 5th November 2024, Chainwire
Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…
Miami, Florida, 5th November 2024, Chainwire
This website uses cookies.