Venture Capital Firm 500 Startups Launches $25M Fintech Fund
February 25, 2016
| By: deBanked Staff
Early stage venture fund, 500 Startups announced a $25 million fintech fund which will invest in nearly 100 startups focused on lending, investment advisory, personal finance management, blockchain, money movement, and insurance.
The accelerator’s other fintech investments include credit management platform, CreditKarma, online bank, Simple, payments startup Flywire and financial comparison site iMoney.
Through a fintech-focused accelerator and a partner program, 500 Startups will coach these companies on regulation, customer relations, marketing and distribution. Spearheaded by Sheel Mahnot, a partner at the firm with fintech expertise, the fund will accelerate 20+ companies per year in the Silicon Valley.
