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United Kingdom : ILLUMINATE FINANCIAL MANAGEMENT introduces Fintech venture capital fund.

Illuminate Financial Management LLP, the project capital company formed by industry specialist Mark Beeston, declared that it had closed the initial round of capital raising for its new IFM Fintech Opportunities Fund. The investment round has been co-driven by fiscal details operations supplier Markit and Deutsche Borse Group to moreover endow in the most promising initial phase fintech firms.

Mark Beeston, Managing Partner and Founder of Illuminate Financial Management said, We are delighted to announce the first close of the Illuminate Fintech Opportunities Fund.

Markit and Deutsche BE[micro]rse are global fintech leaders whose clients will benefit from the technology firms Illuminate is already backing. We are pleased to have them both as lead investors.

Lance Uggla, CEO and founder of Markit said, Investing with Illuminate gives us deep insight into technologies and pioneering business models in our space.

We look forward to collaborating with Illuminate to advise investee companies as they refine their business models and define their go-to-market approach. Fostering innovation is a pillar of our business strategy.

Andreas Preuss, Deputy CEO of Deutsche Borse said, The new fund focuses on fintech companies in areas such as compliance, regulation and connectivity, among others, which fits into Deutsche Borse s growth strategy to extend its service portfolio.

Partnering with Illuminate allows us to engage and leverage early stage opportunities that will influence the changing market landscape.

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Publication:Mena Report
Date:Nov 14, 2015
Words:241
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