Annexus sets up FinTech-focused VC arm

US retirement products and life insurance provider Annexus has formed a new venture firm to target InsurTech, FinTech and software startups.

Annexus Ventures will focus on early-stage investment opportunities in the financial services, retirement planning, and insurance sectors.

The VC firm will capitalise on the expertise of its parent company and will rely on its mature business networks and capital support to pick the best in the technology sector.

Annexux Ventures is currently on the lookout for new partnerships with industry players and institutional investors.

Don Dady, board director at the firm, commented, “Annexus Ventures seeks partnerships with next generation InsureTech and FinTech business leaders.

“Our approach is to focus on business solutions and technologies that will significantly impact and improve the future of the Financial Services industry.”

The Scottsdale, Arizona-based VC firm has not announced a first investment yet.

Copyright © 2016 FINTECH GLOBAL

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