Viola Group launches dedicated FinTech fund

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Israel investment firm Viola Group has launched a new fund dedicated to FinTech, FinTech Global can reveal.

It is not clear what the target for Viola FinTech I is and it is still yet to raise any capital, according to a new US SEC filing.

The firm has four different branches, Ventures, Growth, Credit and Partners, with each having their own dedicated line of funds. It is not clear what division this new investment vehicle will be operated from.

Founded in 2000, the firm has helped back more than 200 technology companies and currently has around $2.8bn AUM.

Viola is currently raising its fifth Partners fund, with it on approximately $100m, double the capital of its predecessor. The firm’s latest venture fund closed on $200m, with the division having around $1bn AUM across its vehicles.

Over the years the investor has been very active in the FinTech sector, with it recently taking part in the $20m funding round of RegTech company VATBox. The VAT recovery and governance solution provider was recently hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018.

Other FinTechs in Viola’s portfolio include predictive analytics startup Earnix, browser-based insurance software developer InsureWorx and payment fraud and cyber risk solution EverCompliant.

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